Commodities
Tata and Punjab Government to set up scrap based EAF steel plant
(Posted on 03/09/22)Tata Steel has signed a Memorandum of Understanding (MoU) with the Government of Punjab for setting up a 0.75 MnTPA long products steel plant with a scrap-based electric arc furnace (EAF). The MoU was signed in the presence of Shri Bhagwant Mann, Hon’ble Chief Minister of Punjab.This initiative to set up the greenfield facility...
Turquoise Hill transaction Agreement in Principle with Rio Tinto
(Posted on 01/09/22)Turquoise Hill Resources Ltd. has announced that it has reached an agreement in principle and entered into a term sheet with Rio Tinto International Holdings Ltd. in respect of a transaction whereby Rio Tinto would acquire the approximately 49% of the issued and outstanding shares of Turquoise Hill that Rio Tinto does not currently...
Vale first major mining company to test 100% electric 72-tonne trucks
(Posted on 25/08/22)Vale have received two battery-powered 72-tonne off-highway trucks, which will be tested in the mines of Água Limpa, in Minas Gerais, and Sorowako, in Indonesia. The first electric trucks to be used by a global mining company do not emit CO2, since they replace diesel with electricity from renewable sources, and they also...
Port of Amsterdam becomes member of responsible soy initiative
(Posted on 18/08/22)The Port of Amsterdam recently became a member of the Round Table on Responsible Soy (RTRS), an initiative that aims to make the soy chain more sustainable. This membership fits in with our ambition to stimulate the sustainable development of supply chains.Soy is an important agricultural cargo flow for the port of Amsterdam, but...
Strategic partnership on Ollagüe Salar Development
(Posted on 12/08/22)thyssenkrupp Mining Technologies has signed a cooperation agreement with Wealth Minerals for the development of their Ollagüe Salar lithium project. The joint long-term goal of this strategic partnership is to collaborate in the project along its development stages and subsequently bring it into production.The first stage of...
Record profits as Glencore plan buyback and special dividend
(Posted on 05/08/22)A first half year profit of almost $19bn has been announced by Glencore, partly driven by the company’s coal business.Glencore’s Chief Executive Officer, Gary Nagle, commented: “Notwithstanding what has clearly been a very complex environment for our markets, our operations, and the world in general, we are pleased...
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