Commodities
Drought impacts GrainCorp results
(Posted on 14/05/19)Australia's largest grain handler has recorded $59 million half-year loss due to drought and the lowest East coast Australian grain production in 10 years.GrainCorp has reported underlying EBITDA1 for the half year ended 31 March 2019 of $27 million (HY18: $119 million)and an underlying net loss after tax2 of $48 million (HY18 net...
Rusal’s ethical collaboration
(Posted on 14/05/19)RUSAL, one of the world’s largest aluminium producers, is partnering with the Moscow School of Management SKOLKOVO Business School in order to launch an ambitious and large-scale education project. This will assist towards growing the fields of business-education and business ethics in Russia.RUSAL is a leader of the global...
NGFA flood options
(Posted on 14/05/19)USA Midwestern rivers have overflowed again, causing flood damage across several states. Since March, floodwaters from the Mississippi, Missouri and Illinois Rivers have caused billions of dollars of damage to farmland, homes and businesses. Rivers in many communities have been above flood stage for more than six weeks.The US House...
WCA welcomes Anglo American’s continued engagement
(Posted on 08/05/19)The World Coal Association (WCA) has welcomed Anglo American’s decision to remain engaged with the WCA, following a recent industry association review.In a statement, the WCA, which is a membership association representing the coal industry at the global level, said:WCA is the only body working at the international level to...
Rio Tinto moves to renewable electricity
(Posted on 08/05/19)Rio Tinto will reduce the annual carbon footprint associated with its Kennecott Utah Copper operation by as much as 65 per cent through purchasing renewable energy certificates and permanently shutting its coal power plant. Kennecott's electricity needs will now be paired with 1.5 million megawatt hours of ...
Cargill strengthens China commitment
(Posted on 29/04/19)Cargill has announced that it will invest US$112 million to expand the capacity of its corn processing facility in Songyuan of Jilin province. This is part of its joint initiative with Songyuan government to build the Sino-US Cargill Biotech Industrial Park, featuring the Cargill Food Safety and Technology Centre. Cargill will continue...
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