Commodities
NGFA urge US Congress to prevent rail shutdown
(Posted on 09/11/22)The National Grain and Feed Association (NGFA) in the USA and 192 other members of the Agricultural Transportation Working Group have urged Congress to prepare to prevent a rail strike or lockout, which would “lead to shutdowns of rail-dependent facilities resulting in devastating consequences to our national and global food...
BHP and Rio Tinto to collaborate on new tailings technology
(Posted on 02/11/22)Global miners BHP and Rio Tinto have formed a partnership agreement to accelerate the development of technology that could significantly increase water recovery from mine tailings, and in turn reduce potential safety risks and environmental footprints associated with tailings storage facilities.The first project will involve testing...
Trafigura signs German guaranteed US$800m loan agreement
(Posted on 26/10/22)Trafigura, a market leader in the global commodities industry, has entered into a USD800 million five-year loan underwritten and arranged by Societe Generale and syndicated to seven participating banks. The loan is guaranteed by the government of the Federal Republic of Germany acting through the German Export Credit Agency (ECA...
Blastr and Cargill Metals MOU for supply of green steel
(Posted on 26/10/22)Cargill’s metals business and Blastr Green Steel AS, a developer of decarbonized steel supply, have agreed to work together to supply steel made without use of fossil fuels in the Nordic region to meet growing global demand for green steel. Both companies share an ambition to drive significant reductions of carbon emissions...
BHP releases Operational Review for quarter ended 30 September
(Posted on 20/10/22)Commenting on BHP’s newly released Operational Review, Chief Executive Officer, Mike Henry said, “We have started the new financial year strongly, achieving safe and reliable operating performance. The first quarter included significant planned major maintenance in Western Australia Iron Ore (WAIO), BHP Mitsubishi Alliance...
Partnership to decarbonise RTFT and boost critical minerals processing
(Posted on 14/10/22)Rio Tinto is partnering with the Government of Canada to invest up to C$737 million (US$537 million) over the next eight years to decarbonise its Rio Tinto Fer et Titane (RTFT) operations in Sorel-Tracy, Québec, and to position the business as a centre of excellence for critical minerals processing.The partnership will support...
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