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Commodities

Dana Steel to replace imported raw materials with ‘Made in UAE’ supply

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...

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GrainCorp to boost digital connectivity in the bush

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...

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BHP and OZ Minerals extend exclusivity period

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...

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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...

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Bulk minerals volumes up 10% as Trafigura posts strong results

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...

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Rio Tinto acquisition receives shareholder support

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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