Commodities
NZAS to wind-down operations
(Posted on 10/07/20)Rio Tinto will start planning for the wind-down of operations and the eventual closure of New Zealand Aluminium Smelters (NZAS) following the conclusion of its strategic review which has shown the business is no longer viable given high energy costs and a challenging outlook for the Aluminum industry.As a result, NZAS has given...
Oyu Tolgoi mine confirms project schedule
(Posted on 06/07/20)Oyu Tolgoi LLC has completed an updated feasibility study (OTFS20) and is in the process of submitting this to the Government of Mongolia. The OTFS20 has been prepared in accordance with Mongolian regulations and standards which require mining companies to submit updated feasibility studies every five years. The updated study incorporates...
Rusal publishes sustainability report
(Posted on 06/07/20)RUSAL, a leading global aluminium producer, has published its annual Sustainability Report on the Hong Kong stock exchange.The report outlines the Company's sustainable development strategy and includes information on measures taken to reduce its carbon footprint and emissions, social policy, efforts to develop the regions where...
Cargill joins decarbonising research centre
(Posted on 30/06/20)Cargill has joined leading players across the global maritime industry to launch the Maersk Mc-Kinney Moller Centre for Zero Carbon Shipping in Copenhagen, Denmark. The centre will focus on developing new fuel types and technologies, a significant action to accelerate the industry’s commitment to decarbonize shipping by 2050...
Oyu Tolgoi mine power agreement
(Posted on 30/06/20)Rio Tinto, Turquoise Hill and the Government of Mongolia have reached an agreement on the preferred domestic power solution for Oyu Tolgoi that paves the way for the Government to fund and construct a State Owned Power Plant at Tavan Tolgoi.The agreement, which is a revision of the Power Source Framework Agreement (PSFA) signed...
ADM to expand corn processing complex
(Posted on 25/06/20)To help meet continuing high demand for hand sanitizer, ADM has announced it is significantly increasing production of industrial alcohol at its Clinton, Iowa, corn processing complex.“ADM is one of the largest corn processors in the world, and our scale and flexibility give us the capability to substantially scale up production...
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