Vitol completes acquisition of Noble Resources
(Posted on 07/01/25)
Further to the announcement of 2nd August 2024, Vitol B.V. has now completed the acquisition of Noble Resources Trading Limited.
The August announcement stated that Vitol had agreed to acquire Noble Resources Trading Limited for an purchase price equivalent to $0.63 per share on a debt free / cash free basis subject to customary conditions precedent.
Noble Resources is one of Asia’s leading independent energy products and industrial raw materials supply chain managers.
At the time, Mike Muller, CEO Vitol Asia said: “I am delighted at the prospect of the very experienced teams at Noble Resources joining Vitol and very much look for forward to growing the business together.”
Noble Resources’ website is now stating, “Noble Resources is now proudly part of Vitol.
Noble Resources and its subsidiaries form one of Asia’s leading independent energy products and steel-making raw materials supply chain managers and commodity traders.
Through our existing Asian regional presence and strategic global relationships, we source, market, process, supply, finance, and transport these essential raw materials across Asia. We also provide offtake and risk management services to our clients.
We aim to deliver value to our stakeholders through sustainable, focused franchises built on long-term supplier and customer relationships. Our reliability, efficiency and expertise ensure that we deliver to the required specifications and on time.”
Latest News
SSAB invests $74 Million to expand steel production in Alabama
(Posted on 07/05/25)Highly-specialised global steel company, SSAB has announced a significant investment of approximately... Read more
GGC welcomes new Canadian government and urges farm priorities action
(Posted on 01/05/25)Grain Growers of Canada (GGC) has welcomed Prime Minister Mark Carney and all Members of Parliament... Read more
US Soybean growers disappointed in 2;4-D Anti-Dumping and Countervailing Duties vote
(Posted on 30/04/25)The International Trade Commission in the USA has voted in favour of imposing final anti-dumping (AD... Read more
Ukraine already sown two million hectares of spring grains
(Posted on 28/04/25)As of April 25, 2025, farmers in all regions of Ukraine have sown 2M hectares (ha) of spring grain and... Read more
Condobolin rail upgrade fast-tracks NSW grain
(Posted on 25/04/25)GrainCorp’s rail site at Condobolin, in the heart of central west New South Wales, Australia,... Read more
Rio Tinto and AMG assess low-carbon aluminium project in India
(Posted on 22/04/25)Rio Tinto and AMG Metals & Materials (AMG M&M), an energy transition solutions provider, have... Read more
BHP record iron ore and copper production demonstrates resilience
(Posted on 22/04/25)BHP has released its Operational Review for the nine months ended 31 March 2025.BHP Chief Executive... Read more
WTO: Trump’s tariffs will shrink global trade
(Posted on 16/04/25)The volume of world merchandise trade is expected to decline by 0.2% in 2025 under current conditions... Read more
$235million syndicated loan agreement to boost UAE trade with Trafigura
(Posted on 15/04/25)In a strategic move to empower UAE exporters and advance the nation’s economic diversification... Read more
Anglo American update on sale of steelmaking coal business to Peabody
(Posted on 15/04/25)Anglo American plc has noted the recent statement issued by Peabody Energy in relation to the definitive... Read more
