Commodities
BHP’s year end results
(Posted on 28/08/18)BHP has released its full year results and Andrew Mackenzie, Chief Executive Officer and Peter Beaven, Chief Financial Officer reviewed the Company’s operating and financial performance:Following BHP’s sale of the Onshore US assets, as announced on 27 July 2018, the contribution of these assets has been presented in...
US coal exports to stay strong as uncertainties linger
(Posted on 16/08/18)The US coal export market is expected to stay strong through next year, but shifting international dynamics and domestic logistics hiccups could upset the outlook.New coal power plants outside the US, along with infrastructure constraints and domestic sales quotas in some countries, are helping to keep the worldwide supply and demand...
GrainGrowers management update
(Posted on 16/08/18)Australia’s Board of national grain farmer representative organisation, Grain Growers Limited (GrainGrowers), has announced an updated management structure for the organisation.GrainGrowers will transition to a single CEO effective today, after a successful period operating with a dual CEO structure.David McKeon has been appointed...
Rusal’s first half uplift despite supply disruptions
(Posted on 16/08/18)UC Rusal, a leading global aluminium producer, has announced its results for the three and six months ended 30 June 2018.Total revenue increased by USD233 million, or 4.9% to USD4,997 million in the first six months of 2018 from USD4,764 million in the corresponding period of 2017.UC Rusal is a leading, global producer of aluminium...
Emerging Markets bright spot at U.S Grains Council Denver meeting
(Posted on 02/08/18)In a global trade environment challenged by tariffs and tensions, emerging markets for grains and ethanol provided a bright spot for U.S. farmers, agribusinesses and industry officials at the U.S. Grains Council’s 58th Annual Board of Delegates meeting in Denver this week.The Council’s Middle East and Africa Director...
Rio Tinto sells off remaining coal assets
(Posted on 02/08/18)Rio Tinto has completed the sale of its remaining coal assets in Queensland, Australia, for $3.95 billion. The transactions include the sale of Rio Tinto’s interests in the Hail Creek coal mine and Valeria coal development project to Glencore for $1.7 billion, and its interest in the Kestrel underground coal mine to a consortium...
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