Commodities
Samarco funding restart preparation
(Posted on 04/11/19)BHP has approved US$44 million for BHP Billiton Brasil Ltda’s share of funding for work related to the restart of one concentrator at Samarco Mineração S.A.’s (Samarco) operations at its Germano complex in Minas Gerais, Brazil. Samarco’s operations were suspended following the failure of the Fund&...
Rusal to install gas cleaning systems
(Posted on 04/11/19)Rusal, one of the leading global aluminium producers, plans to install over 20 state-of-the-art dry gas cleaning systems (DGCS) at its smelters by 2025. These advanced systems were developed by RUSAL’s design and scientific divisions and the new equipment will allow the Company to capture over 99.5 % of hydrogen fluoride and...
New Zealand smelter under review
(Posted on 28/10/19)Rio Tinto will conduct a strategic review of its interest in New Zealand’s Aluminium Smelter (NZAS) at Tiwai Point, to determine the operation’s ongoing viability and competitive position.Under current market conditions and with high energy costs, we expect the short to medium outlook for the aluminium industry to be...
Rusal’s $1Bn pre-export finance facility
(Posted on 28/10/19)RUSAL, one of the leading global aluminium producers, has announced the signing of a new five-year sustainability-linked pre-export finance facility for USD 1,085,000,000. The size of the facility increased from the initially announcedUSD 750 million as the market supports the Company’s commitment to low-carbon aluminium technologies...
Rio Tinto releases Q3 production results
(Posted on 18/10/19)Rio Tinto chief executive J-S Jacques said “We have delivered improved production across the majority of our products in the third quarter, with a solid result at our Pilbara mines driving increased sales of iron ore into robust markets. Our strong value over volume approach, coupled with our focus on operational performance...
White House announces “phase one” China deal
(Posted on 18/10/19)The White House has announced a “phase one” agreement in principle with China. Under the tentative agreement for the first phase of a trade deal, China allegedly will commit to purchase $40 billion to $50 billion annually worth of U.S. agricultural products, increasing gradually to that level over a two-year period.&...
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