Commodities
CFTC to investigate Glencore
(Posted on 29/04/19)Glencore has been informed by the United States Commodity Futures Trading Commission (“CFTC”) that the CFTC is investigating whether Glencore and its subsidiaries may have violated certain provisions of the Commodity Exchange Act and/or CFTC Regulations through corrupt practices in connection with commodities. &...
NGFA urges accelerated U.S.-Japan deal
(Posted on 24/04/19)The National Grain and Feed Association in the USA (NGFA) joined nearly 90 agricultural organizations in urging the U.S. Trade Representative to negotiate a trade deal with Japan that restores, expands and accelerates meaningful access for U.S. food and agricultural products.“As the fourth largest market for U.S. agricultural...
Steel demand to grow
(Posted on 24/04/19)The World Steel Association (worldsteel) has released its April 2019 Short Range Outlook (SRO). worldsteel forecasts global steel demand will reach 1,735 Mt in 2019, an increase of 1.3% over 2018. In 2020, demand is projected to grow by 1.0% to reach 1,752 Mt.The World Steel Association (worldsteel) is one of the largest and most...
Farrell to retire as Rio Tinto Group executive
(Posted on 24/04/19)Rio Tinto Group executive Joanne Farrell has decided to retire after nearly 32 years with Rio Tinto and will leave the company at the end of September 2019.Farrell joined Rio Tinto in 1987 and has worked in a variety of roles across human resources, health, safety, communities and environment, before joining the Rio Tinto Executive...
Rio Tinto first quarter production results
(Posted on 18/04/19)Rio Tinto chief executive J-S Jacques has said, on the release of first quarter production results, “Our iron ore business faced several challenges at the start of this year, particularly from tropical cyclones. As a result, and following the continuing assessment of damage at the port resulting from the cyclones and other...
BHP’s operational review
(Posted on 18/04/19)BHP has released its operational review for the nine moinths ended 31st MarchBHP Chief Executive Officer, Andrew Mackenzie, said: “During the March 2019 quarter, we had a strong operational performance despite weather impacts across Australia and Chile. We approved Atlantis Phase 3 and now have five major projects under development...
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