Commodities
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...
Cargill acquires Owensboro Grain Company
(Posted on 05/12/22)Cargill and Owensboro Grain Company, a fifth-generation family-owned soybean processing facility and refinery located in Owensboro, Ky., have announced that they have entered into a definitive agreement where Cargill will add Owensboro Grain Company (OGC) to its North American agricultural supply chain business.Owensboro Grain Company...
Rio Tinto to strengthen, decarbonise and grow
(Posted on 01/12/22)Rio Tinto is providing an update at its Investor Seminar on progress against its long-term strategy to strengthen the business, grow in a decarbonising world and continue to deliver attractive shareholder returns.Updates will include Rio Tinto’s market outlook, with the energy transition expected to add as much as 25% in new...
BioIron proves successful for low-carbon iron-making
(Posted on 29/11/22)Rio Tinto has proven the effectiveness of its low-carbon iron-making process using ores from its mines in Australia in a small-scale pilot plant in Germany, and is now planning the development of a larger-scale pilot plant to further assess its potential to help decarbonise the steel value chain.The process, known as BioIron, uses...
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