Commodities
Rio Tinto and Hancock Prospecting open new mine
(Posted on 11/10/18)Rio Tinto and Hancock Prospecting have opened a new mine at Hope Downs in the Pilbara, Western Australia. The joint venture partners also approved an investment in greater automation, driving productivity and improving safety.Development of the Baby Hope deposit will help sustain existing capacity at the Hope Downs 1 operation,...
Rio Tinto approves Pilbara iron ore investment
(Posted on 04/10/18)Rio Tinto, together with joint venture partners Mitsui and Nippon Steel & Sumitomo Metal, have approved an investment of $1.55 billion (Rio Tinto's 53 per cent share $820 million) to sustain production capacity at two projects which form part of the Robe River Joint Venture in the Pilbara region of Western Australia.The joint...
DuPont Tate & Lyle’s new distribution centre
(Posted on 04/10/18)DuPont Tate & Lyle Bio Products Company, LLC, a manufacturer of natural and renewably sourced ingredients, opened a new warehouse and distribution center located at its world-class manufacturing site in Loudon, Tennessee. The new facility will create a streamlined approach to servicing global customers who require various packaging...
AAPA concerned over U.S. trade tariffs
(Posted on 28/09/18)With the U.S. government’s announcement last week on the imposition of an additional $200 billion in protective trade tariffs against Chinese imports, the American Association of Port Authorities (AAPA) – the unified and recognized voice of America’s seaports – continues to urge the Administration and federal...
Bühler’s digital service for food and feed drying
(Posted on 28/09/18)At Microsoft Ignite, Bühler has officially launches MoisturePro, a cloud-based digital service that drives significant improvements in yield and reduces energy costs and the environmental footprint of thermal processing in the food and feed industry. Harnessing the power of cloud connectivity, it can deliver a return on investment...
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...
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