Commodities
Glencore joins agri-trade initiative
(Posted on 24/09/19)The industry-wide initiative to modernize global agricultural commodity trade operations has announced that another major partner, Glencore Agriculture Limited, has joined the effort.“We’ve been interested in the initiative from the very early days and we’re excited now to join as a full partner,” said Glencore...
Rio Tinto’s responsibly produced aluminium
(Posted on 24/09/19)Rio Tinto is now offering independently certified responsibly produced aluminium from all of its Canadian operations, with the extension of the Aluminium Stewardship Initiative’s (ASI) Chain of Custody certification to include the BC Works smelter and Kemano Power Operations in Kitimat, British Columbia.The certification reinforces...
Russian first for RUSAL
(Posted on 24/09/19)RUSAL , one of the leading global aluminium producers, has announced that it plans to enter into a new five-year USD 750 million Sustainability Linked Pre-Export Finance (PXF) facility. It will be the first ever sustainability linked syndicated facility arranged by international commercial banks in Russia.The proceeds of the facility...
Heidelberg and Equinor CO2 agreement
(Posted on 18/09/19)The Chairman of the Managing Board of HeidelbergCement, Dr. Bernd Scheifele, and the state-owned Norwegian energy Group Equinor have signed a memorandum of understanding on the capture and storage (CCS) of CO2 at an international energy conference in Oslo.Since 2011, HeidelbergCement’s Norwegian subsidiary Norcem has...
Vale informs on Brucutu's mining
(Posted on 18/09/19)Vale has informed that it suspended works in one mining front of Brucutu mine, in the municipality of São Gonçalo do Rio Abaixo, State of Minas Gerais. That action will not impact Brucutu mine's production.The suspension follows a decision from Brazil's National Mining Agency, based on its understanding that one of...
RUSAL completes third Rubel Bond placement
(Posted on 10/09/19)RUSAL, one of the leading global aluminium producers, announces the closure of the book building process for the third placement of its 10-year ruble-denominated bonds. It has a three year put option on the Moscow Exchange with the nominal value of 15 billion rubles and a coupon rate of 8,25% p.a., a record low for the Company.A...
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