Commodities
2021 Coal demand rebound set to be short-lived
(Posted on 22/12/20)A global economic recovery in 2021 is expected to drive a short-lived rebound in coal demand following the major drop this year triggered by the Covid-19 crisis, according to a new report from the International Energy Agency.However, there is little sign that the world’s coal consumption is set to decline substantially in...
NGFA commends Congress for waterways provisions
(Posted on 22/12/20)The National Grain and Feed Association (NGFA) in the USA has commended Congress for including key inland waterways and port legislation – one of its major 2021 legislative priorities – in the fiscal 2021 omnibus spending bill approved Monday night.“An efficient waterborne transportation system is crucial for growing...
Rio Tinto appoints Stausholm as CEO
(Posted on 17/12/20)Rio Tinto has appointed Jakob Stausholm as chief executive, effective 1 January 2021. Since joining Rio Tinto as an executive director and chief financial officer in 2018, Mr Stausholm has played a leading role in the Group’s strong performance, maintaining capital allocation discipline and delivering significant shareholder...
Rusal a preferred supplier to Hyundai Sungwoo
(Posted on 17/12/20)RUSAL, a leading global aluminium producer, is pleased to announce that Hyundai Sungwoo Holdings Co, Ltd. has chosen RUSAL as its preferred long-term sustainable supplier of primary foundry aluminium alloys.Hyundai Sungwoo Holdings, headquartered in Seoul, South Korea is one of the largest automotive and auto parts company, and...
Rio Tinto declares maiden Ore Reserve at Jadar
(Posted on 10/12/20)Rio Tinto has disclosed to the Australian Securities Exchange (ASX) a maiden Ore Reserve and updated Mineral Resource at the 100% owned Jadar lithium-borates project in western Serbia.The Ore Reserve is 16.6 Mt at 1.81% Li2O and 13.4% B2O3The Mineral Resource underlying the maiden Ore Reserve has been updated to incorporate additional...
Shell wins BHP iron ore vessels LNG supply agreement
(Posted on 06/12/20)BHP has awarded its first LNG supply agreement for five LNG-fuelled Newcastlemax bulk carriers, which will transport iron ore between Western Australia and China from 2022.Shell has been awarded the contract to fuel the vessels, which BHP will charter from Eastern Pacific Shipping (EPS) for five-year terms.BHP Chief Commercial Officer...
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