Commodities
Partnership to trial battery swap technology in mine operations
(Posted on 12/11/24)Rio Tinto will partner with China’s State Power Investment Corporation (SPIC) to demonstrate battery swap electric haul truck technology at the Oyu Tolgoi copper mine in Mongolia.Battery swapping technology allows a battery electric vehicle to quickly exchange a discharged battery pack for a fully charged one, instead of recharging...
Colombian nature-based carbon removals project is expanded
(Posted on 12/11/24)Trafigura Group, a market leader in the global commodities industry, has announced a significant expansion of the Brújula Verde landscape restoration project in collaboration with GenZero, a Temasek-owned investment platform focused on accelerating decarbonisation globally. This landmark commitment of over US$100m will double...
Rio Tinto completes acquisition of Sumitomo stake in NZAS
(Posted on 04/11/24)Rio Tinto’s previously announced acquisition of Sumitomo Chemical Company’s (SCC’s) 20.64% interest in New Zealand Aluminium Smelters (NZAS) was completed on 1 November 2024. NZAS owns and operates the Tiwai Point aluminium smelter in New Zealand.Following completion of the transaction, NZAS is now wholly owned...
Vale and Jinnan announce investment in Oman iron ore concentration plant
(Posted on 31/10/24)Vale and Jinnan Iron & Steel Group, a renowned Chinese steelmaker, have announced a joint partnership to establish an iron ore concentration plant in Sohar Port and Freezone, in Oman. With an initial investment exceeding US$ 600 million, the state-of-the-art facility will supply high-quality iron ore for production of pellets...
Canadian tariffs on Chinese steel and aluminium products enter into force
(Posted on 26/10/24)Tariffs on Chinese steel and aluminium products have entered into force following rigorous examination by the Government of Canada. In response, Catherine Cobden, President and CEO of the Canadian Steel Producers Association (CSPA) and Jean Simard, President and CEO of the Aluminium Association of Canada released the following statement...
Increased copper and iron ore production for BHP
(Posted on 19/10/24)BHP have released their operational review for the quarter ended 30 September 2024.BHP Chief Executive Officer, Mike Henry, said “BHP had a strong start to the 2025 financial year, with production up across all major commodities for the quarter. Copper production was up 4% due to higher grade and recoveries at Escondida, and...
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