Commodities
Glencore supports Wuhan hospitals
(Posted on 02/03/20)Glencore has secured delivery of medical equipment to four hospitals in Wuhan, China, to support ongoing efforts to combat the effects of the new coronavirus (COVID-19) outbreak. The shipment of ten Hamilton-C1 ventilators has arrived in Wuhan from Shanghai. Glencore CEO, Ivan Glasenberg said: “The severity of the impact...
Rio Tinto’s strong results
(Posted on 28/02/20)Rio Tinto has announced full-year ordinary dividend of $6.2 billion (382 US cents per share), including record final ordinary dividend of $3.7 billion (231 US cents per share), resulting in total cash returns of $7.2 billion (443 US cents per share)Rio Tinto Chief Executive J-S Jacques said “We have again delivered strong...
Rusal announces 2019 results
(Posted on 28/02/20)RUSAL, a leading global aluminium producer, has announced operating results for the fourth quarter of 2019 (“4Q19”) and for the 12 months ending 31 December 2019 (“12M19”)[1].Key highlights include:AluminiumAluminium production[2] in 4Q19 totaled 949 thousand tonnes (+0.7% quarter-on-quarter (“QoQ&rdquo...
Glencore results reflect trade uncertainty
(Posted on 18/02/20)Glencore’s Chief Executive Officer, Ivan Glasenberg, commented: “Our performance in 2019 reflected the prolonged and uncertain trade deal negotiations, generally weaker prices for our key commodities and some operational challenges experienced at our ramp-up/development assets. Adjusted EBITDA declined 26% to $11.6 billion...
IFA conference champions sustainability
(Posted on 18/02/20)From February 3rd to 7th, the International Fertilizer Association (IFA) welcomed 170 leaders from the international fertilizer industry and the wider business community to New York City to discuss innovative stewardship initiatives, learn more about sustainability reporting, get inspired by sustainability programs within the fertilizer...
USGC plan trade strategy
(Posted on 14/02/20)Members of the U.S. Grains Council (USGC) arrived in Tampa, Fla., for the organization’s winter meeting last week, where they concentrated on drivers of global demand and how they affect markets overseas in which the Council does business.“We are excited to be in Tampa as we come off a particularly challenging year for...
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