Commodities
Rio Tinto and Carbfix partner for carbon capture and storage
(Posted on 28/10/21)Rio Tinto and Carbfix are partnering to implement a technology for capturing carbon and permanently storing it underground at the ISAL aluminium smelter in Iceland.Under a Memorandum of Understanding (MoU) for a strategic partnership, Carbfix will use Rio Tinto’s land surrounding the ISAL smelter for onshore CO2 injection...
VDKi: coal continues to secure energy transition
(Posted on 25/10/21)The Verein der Kohlenimporteure e. V. (VDKi) – the German Coal Importers association, believes that the course of 2021 illustrates very clearly that security of supply is and will remain one of the most important issues in the German energy transition.The expansion of supply-dependent renewable energy, wind and solar, is the...
Trafigura closes Syndicated Revolving Credit Facility and Term Loan Facilities
(Posted on 25/10/21)Trafigura Group Pte Ltd (“Trafigura”), a market leader in the global commodities industry, has announced the closure of its new Syndicated Revolving Credit Facility (“RCF”) and Term Loan Facilities (the “Facilities”) at USD2.4 billion-equivalent. The Facilities were substantially oversubscribed...
Rio Tinto expands Pilbara presence with new Karratha Hub
(Posted on 16/10/21)Rio Tinto Iron Ore Chief Executive, Simon Trott and Rio Tinto Managing Director of Port, Rail and Core Services, Richard Cohen, joined community members, local businesses and representatives from local government to celebrate the official opening of its new community ‘Hub’ in Karratha.Located on Ngarluma country in the...
Collaboration for first carbon neutral copper cathode delivery
(Posted on 13/10/21)BHP and leading US copper cable and wire manufacturer, Southwire, have completed their first ‘carbon neutral’ copper transaction involving delivery from BHP’s mines in Chile to Southwire’s processing activities in Georgia, United States.The pilot forms part of a collaboration between BHP and Southwire under...
Carbon tracking for Trafigura’s nickel and cobalt trading
(Posted on 11/10/21)Trafigura Pte Ltd, one of the world’s largest physical commodity trading companies, and Circulor, the leading provider of supply chain provenance and emissions tracking services, have signed a Master Services Agreement to provide traceability and CO2 tracking for Trafigura’s nickel and cobalt trading division.Under the...
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