Commodities
Rio Tinto update on Simandou
(Posted on 01/11/18)The non-binding heads of agreement, originally signed on 28 October 2016, for Chinalco to acquire Rio Tinto's entire interest in the Simandou iron ore project in Guinea has lapsed. Rio Tinto and Chinalco, who respectively own 45.05 per cent and 39.95 per cent of Simandou, will continue to work with the Government of Guinea to explore...
ASA welcomes Soybean Free Trade Agreements momentum
(Posted on 01/11/18)Trade negotiations are officially on the horizon with the European Union, Japan and the United Kingdom, continuing the momentum generated by a bilateral deal with South Korea (KORUS) and a renegotiated NAFTA agreement with Mexico and Canada, now the USMCA.The American Soybean Association (ASA) has consistently requested a negotiated...
NGFA urges IRS rules clarity
(Posted on 24/10/18)The National Grain and Feed Association (NGFA) in the USA has testified at an Internal Revenue Service (IRS) public hearing to recommend that the agency clarify a recently proposed rule to ensure agribusiness firms like grain elevators qualify for the 20 percent pass-through deduction under Section 199A of the tax code.The...
Rio Tinto ‘s production results
(Posted on 24/10/18)Rio Tinto chief executive J-S Jacques said “We have delivered consistent operational performance in the third quarter, highlighted by strong production from the Group’s copper assets. We made strong strategic progress with the full exit from coal, the announcement of the additional $3.2 billion of share buy-backs, and...
WCA’s call on World Bank
(Posted on 24/10/18)The World Coal Association (WCA) has launched a new report calling on the World Bank Group (WBG) to reform its policy on coal financing. The report “Reducing emissions from coal: A role for the World Bank”, urged the Bank to support coal-dependent countries to develop concrete steps towards a zero emissions...
BPH drones take flight
(Posted on 11/10/18)BHP was an early adopter of drones across its mine sites. Now drones are taking flight at BHP’s ocean freight operations, providing enormous safety benefits and efficiency gains.While still in the trial phase, BHP’s Vice President of Marketing Freight, Rashpal Bhatti, sees the potential for drones to be a key part of...
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