Commodities
Rio Tinto share buy-back details
(Posted on 20/09/18)Rio Tinto has unveiled the details of how it intends to return approximately $3.2 billion of post-tax coal disposal proceeds to its shareholders. The proceeds will be returned through a $3.2 billion share buy-back programme (the “Programme”), combining an off-market buy-back tender targeting up to 41.2 million...
US Steel shipments up 5.8% from July 2017
(Posted on 20/09/18)The American Iron and Steel Institute (AISI) has reported that for the month of July 2018, U.S. steel mills shipped 7,911,228 net tons, a 1.0 percent decrease from the 7,988,026 net tons shipped in the previous month, June 2018, and a 5.8 percent increase from the 7,480,241 net tons shipped in July 2017. AISI serves as the voice...
ArcelorMittal’s revised proposal for Essar Steel acquisition
(Posted on 14/09/18)In response to media speculation, ArcelorMittal has confirmed that on 10 September 2018, it submitted a revised proposal to Essar Steel India Limited’s (ESIL) Committee of Creditors for the acquisition of ESIL. The Company can also confirm that media reports speculating on the financial value of the revised offer are...
TPP boost to Australian jobs
(Posted on 14/09/18)Australian workers, jobs and business will benefit significantly from the Trans-Pacific Partnership (TPP-11) trade agreement, with increased national income, exports, investment and wages confirmed by new modelling released this week.Modelling conducted for Australian industry associations by Professor Peter Petri and Professor...
Poeth delivers for Algiers brewer
(Posted on 11/09/18)One of the largest beer brewers in the world is investing substantially in Algiers where beer consumption is increasing at a rate of 10% a year. The company recently installed a completely new silo system at its newly acquired brewery near Algiers. Poeth Solids Processing from Tegelen in the Netherlands delivered the largest and...
NGFA and NAEGA release joint statement
(Posted on 11/09/18)The National Grain and Feed Association (NGFA) and North American Export Grain Association (NAEGA) released the following joint statement after the announcement of a preliminary trade agreement between the United States and Mexico:“The announcement of a preliminary trade agreement between the United States and Mexico represents...
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