Commodities
Dana Steel to replace imported raw materials with ‘Made in UAE’ supply
(Posted on 04/01/23)Khalifa Economic Zones Abu Dhabi – KEZAD Group, the integrated trade, logistics, and industrial hub of Abu Dhabi, has signed a preliminary agreement with Dana Steel, the flagship manufacturing unit of industrial conglomerate Dana Group, for the establishment of its first hot and cold rolling steel complex in Abu Dhabi.Under...
GrainCorp to boost digital connectivity in the bush
(Posted on 23/12/22)Australian agribusiness GrainCorp is co-leading a $12 million investment round into rural connectivity business Zetifi, to help plug the gap in digital connectivity for farmers in rural Australia.Zetifi is a Wagga Wagga-based company that seeks to eliminate coverage gaps by extending the use of existing Wi-Fi networks, with a specific...
BHP and OZ Minerals extend exclusivity period
(Posted on 20/12/22)BHP has provided an update to its announcement on 18 November 2022 that confirmed BHP had entered into a Confidentiality and Exclusivity Deed with OZ Minerals Limited (OZL) in relation to BHP’s revised non-binding indicative proposal to acquire 100% of OZL by way of a scheme of arrangement for a cash price of A$28.25 per OZL...
Kaisa Hietala to join Rio Tinto Board
(Posted on 20/12/22)Rio Tinto has appointed Kaisa Hietala as a non-executive director. Ms Hietala, a Finnish citizen, will join the Board on 1 March 2023.Ms Hietala is an experienced executive with a strong track record of helping companies transform the challenges of environmental megatrends into business opportunities and growth. She began her career...
Bulk minerals volumes up 10% as Trafigura posts strong results
(Posted on 13/12/22)Trafigura Group Pte Ltd, a market leader in the global commodities industry, has released its results for its financial year ending 30 September 2022. It was a year where strong demand for its services and its ability to manage risk delivered record results.Profit for the year of USD7,026 million was more than double the previous...
Rio Tinto acquisition receives shareholder support
(Posted on 13/12/22)Rio Tinto has received the required support from Turquoise Hill Resources Ltd shareholders for its proposed acquisition of the approximately 49% of the issued and outstanding shares of Turquoise Hill that it does not currently own.Given the transaction is being conducted by way of a Canadian plan of arrangement, it remains subject...
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