Commodities
Essar acquisition completed
(Posted on 20/12/19)ArcelorMittal has announced that it has today completed the acquisition of Essar Steel India Limited (‘ESIL’), and simultaneously established a joint venture with Nippon Steel Corporation (‘Nippon Steel’), called ArcelorMittal Nippon Steel India Limited (‘AM/NS India’), which will own and operate...
IEA wake-up call
(Posted on 20/12/19)“The IEA Coal Market Report 2019 is a reminder that coal and coal use is a reality. It’s time for a sensible discussion and collaboration to bridge the gap between the real and ideological worlds,” said Michelle Manook, World Coal Association Chief Executive. The World Coal Association is a membership association...
Glencore to join RSBN
(Posted on 16/12/19)Glencore PLC, one of the world’s largest industrial cobalt producers, has announced that it is to join the Responsible Sourcing Blockchain Network (RSBN). RSBN is an industry collaboration utilising blockchain technology to support responsible sourcing and production practices from mine to market. With members spanning downstream...
BHP to merge offices
(Posted on 16/12/19)BHP has announced that its Transformation Office will transition into assets and functions, following a successful campaign to elevate and accelerate change across the Company.BHP’s Chief Executive Officer, Andrew Mackenzie, said: “We created the Transformation Office to accelerate change at BHP and bring focus to our...
Boortmalt world’s largest malt producer
(Posted on 03/12/19)Boortmalt is now the largest malt producer in the world after its acquisition of Cargill Malt. The merged group will have an annual production of three million tonnes of malt, enough for a hundred billion beers.A fourth malting tower was built last year in the 6th Harbour Dock in the port of Antwerp where Boormalt has its headquarters...
Rio Tinto approves $749 million investment
(Posted on 03/12/19)Rio Tinto has approved a $749 million (A$1 billion) investment in its existing Greater Tom Price operations (100% owned) to help sustain the production capacity of its iron ore business in the Pilbara of Western Australia.The investment in the Western Turner Syncline Phase 2 (WTS2) mine will facilitate mining of existing and new...
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