Eurobench.com

voda 18 januari 2019 19:24

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Vale ships iron ore pellets for port sales in China - Report

Platts reported that Brazilian miner Vale has transported pellets to Chinese ports, and plans to sell pellet on Yuan basis after the Lunar New Year. Traders said that Vale had shipped two 150,000 tonnes cargoes of 64% Fe pellets to Caofeidian port in Tangshan and Rizhao port in Shandong. Market sources are concerned that these cargoes will increase the selling pressure in the spot market. As pellet usage ratio is not big in blast furnaces in China, some players doubt there would be enough liquidity to support fresh supply in the spot market.

Another trader said that these pellet cargoes from Vale is probably from the restart of the Sao Luis Pellet plant in third-quarter 2018. The quality of which is difficult to sell into Northeast Asian markets.

Source : Platts

voda 18 januari 2019 19:41

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Rio Tinto releases fourth quarter production results

Rio Tinto chief executive J-S Jacques said “We delivered a solid operational performance in the final quarter of 2018, in particular across our copper assets. During the year, we further strengthened our asset portfolio, continuing to invest in high quality growth. 2018 saw the early completion of Amrun, the deployment of AutoHaul™, the Koodaideri and Robe River investments and the signing of the power agreement at Oyu Tolgoi. Meanwhile, we completed disposals of $8.6 billion, including the Grasberg mine in Indonesia and our remaining coal assets. With a firm ‘value over volume’ focus and disciplined allocation of capital, we will continue to progress our strategic objectives and to deliver superior returns to shareholders in the short, medium and long term.”

Heading

Q4 2018
vs Q4 2017
vs Q3 2018
2018
vs 2017
Pilbara iron ore shipments (100% basis)
Mt
87.4
-3%
7%
338.2
2%
Pilbara iron ore production (100% basis)
Mt
86.6
-1%
5%
337.8
2%
Bauxite
kt
11,790
-14%
-7%
50,421
-1%
Aluminium
kt
874
-1%
-1%
3,458
-3%
Mined copper
kt
177.8
20%
11%
633.5
33%
Titanium dioxide slag
kt
294
-14%
-1%
1,116
-15%
IOC iron ore pellets and concentrate
Mt
2.8
4%
-2%
9
-20%

Operational update

Pilbara iron ore shipments of 338 million tonnes (100 per cent basis) in 2018 were two per cent higher than 2017.

During the quarter, Rio Tinto announced it had successfully deployed AutoHaul™ at its Pilbara operations, approved a $2.6 billion investment in the Koodaideri iron ore replacement mine, and approved an investment of $1.55 billion (Rio Tinto's 53 per cent share $820 million) at two projects to sustain production capacity at the Robe River Joint Venture.

Bauxite production of 50.4 million tonnes in 2018 was one per cent lower than 2017. Third party shipments increased by two per cent to 32.8 million tonnes. During the fourth quarter, commissioning works at CBG in Guinea and the transition of operations from East Weipa to Amrun in Queensland resulted in a short term drop in production.

Aluminium production of 3.5 million tonnes was three per cent lower than 2017 due primarily to ongoing labour disruptions at the non-managed Becancour smelter in Canada.

Mined copper production of 634 thousand tonnes was 33 per cent higher than 2017, and above the guidance range, primarily reflecting strong performance at Escondida and increased production from Rio Tinto Kennecott due largely to higher grades.

Titanium dioxide slag production of 1.1 million tonnes was 15 per cent lower than 2017 due to production disruptions at Rio Tinto Fer et Titane in the second quarter, and intermittent stoppages related to labour disputes between contractors and their employees at Richards Bay Minerals in the first half.

Fourth quarter production at Iron Ore Company of Canada was four per cent higher than the fourth quarter of 2017. However, 2018 production was 20 per cent lower than 2017, due to a strike at the mine that significantly impacted second quarter production.

Other major milestones in the quarter included first bauxite shipment from Amrun, achieved six weeks ahead of schedule, and the signing of the Power Source Framework Agreement between Oyu Tolgoi and the Government of Mongolia.

Source : Strategic Research Institute

voda 22 januari 2019 16:52

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'Mogelijk fusie grote gouddelvers Zuid-Afrika'

Gepubliceerd op 22 jan 2019 om 16:44 | Views: 26

JOHANNESBURG (AFN) - De Zuid-Afrikaanse goudproducent Gold Fields wil graag fuseren met zijn grotere branchegenoot AngloGold Ashanti. Dat meldde een ingewijde bij het bedrijf aan persbureau Bloomberg. De laatste tijd vindt er veel consolidatie plaats in de goudsector.

Gold Fields denkt dat een fusie met AngloGold goed zou zijn, aangezien de ondernemingen allebei in Zuid-Afrika zijn gevestigd en veel gemeen hebben. Het gecombineerde concern heeft een marktwaarde van ongeveer 8 miljard dollar, met een jaarlijkse productiecapaciteit van bijna 6 miljoen troy ounce goud (31,1 gram). Er hebben overigens nog geen onderhandelingen plaatsgevonden over een samengaan, aldus de bron.

Vorige week werd nog bekend dat de Amerikaanse gouddelver Newmont Mining en het Canadese Goldcorp gaan fuseren in een deal ter waarde van 10 miljard dollar. Het nieuwe bedrijf Newmont Goldcorp wordt een geduchte concurrent van Barrick Gold, de grootste goudproducent ter wereld. Dat concern kwam vorig jaar voort uit een fusie van twee grote mijnbouwbedrijven.

voda 22 januari 2019 20:44

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BHP operational review for Oct-Dec 2018

BHP Chief Executive Officer, Andrew Mackenzie, said: “Production in the first half was broadly in line with the prior period despite planned maintenance and outages. In Petroleum, our first appraisal well at Trion in Mexico encountered oil and we added to our exploration options with successful bids for two licences offshore Eastern Canada. We completed the sale of our US shale assets and returned US$5.2 billion to shareholders through a share buy-back program, with a further US$5.2 billion to be returned as a special dividend on 30 January 2019.”

• Production guidance for the 2019 financial year remains unchanged for petroleum, iron ore, metallurgical coal and energy coal. Total copper production guidance increased to between 1,645 and 1,740 kt and reflects the retention of Cerro Colorado.

• Group copper equivalent production was broadly unchanged in the December 2018 half year, with volumes for the full year also expected to be in line with last year.

• Full year unit costs for all major assets are expected to be in line with guidance(2), predominantly reflecting stronger anticipated volumes in the second half of the year. However, unit costs were tracking above full year guidance at the December 2018 half year as a result of planned maintenance and production outages during the period.

• All major projects under development are tracking to plan.

• In Petroleum, the first appraisal well at Trion in Mexico (Trion-2DEL) encountered oil, in line with expectations. A downdip sidetrack is currently being drilled to further appraise the field.

• The Onshore US sale process was completed on 31 October 2018, with the net proceeds of US$10.4 billion to be returned to shareholders. On 17 December 2018, a US$5.2 billion off-market buy- back of BHP Group Limited shares was successfully completed. The balance of the net proceeds will be paid on 30 January 2019 as a special dividend of US$1.02 per share.

• The financial results for the December 2018 half year are expected to reflect certain items as summarised in the table on page two.

• Productivity for the December 2018 half year has been impacted by unplanned production outages at Olympic Dam, Spence and Western Australia Iron Ore, with a total negative impact of approximately USD 600 million.

Source : Strategic Research Institute

voda 23 januari 2019 16:29

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Fresnillo boert goed met zilverproductie

FONDS KOERS VERSCHIL VERSCHIL % BEURS
Fresnillo PLC
£ 9,12 -0,002 -0,02 % London Stock Exchange

(ABM FN-Dow Jones) Fresnillo heeft vorig jaar de productie van zilver op jaarbasis zien oplopen, maar wel minder dan verwacht, terwijl de goudproductie op jaarbasis gelijk bleef. Dit bleek woensdag uit het kwartaalproductiebericht van de delver van edelmetalen.

Met zilver werd in 2018 een productieniveau behaald van 61,8 miljoen ounce, 5,3 procent meer dan een jaar eerder. Dit was een record dat vooral te danken was aan het eerste volledige jaar dat de operaties van de San Julian-mijn in de productiecijfers kon worden meegenomen. In het vierde kwartaal daalde de zilverproductie op jaarbasis met ruim drie procent.

De goudproductie steeg in 2018 met 1,3 procent naar 923.000 ounce en bleef in het vierde kwartaal op jaarbasis stabiel op circa 232.000 ounce.

CEO Octavio Alvídrez stelde woensdag in een kort commentaar dat de productiecijfers voor zilver en goud niet konden verbloemen dat 2018 voor Fresnillo een uitdagend jaar is gebleken. In de mijnen van Fresnillo en Saucito werd minder erts gedolven dan verwacht en het bedrijf wil dan ook de boringsactiviteiten vergroten.

De zilverproductie zal dit jaar naar verwachting uitkomen in de bandbreedte van 58 miljoen tot 61 miljoen ounce en voor goud in de range van 910.000 en 930.000 ounce. Het exploitatiebudget ligt voor dit jaar op ongeveer 140 miljoen dollar.

Het aandeel Fresnillo noteerde woensdag 0,3 procent hoger.

Door: ABM Financial News.
info@abmfn.nl
Redactie: +31(0)20 26 28 999

© Copyright ABM Financial News B.V. All rights reserved.

voda 23 januari 2019 19:15

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Audit reveals underpayment in iron ore royalties by BHP to WA Government

ABC reported that The West Australian Government says it believes mining company BHP has underpaid iron ore royalties over a period of several years. The issue relates to BHP's Singapore marketing hub. The alleged underpayments date from the early 2000s up until 2016. The alleged discrepancy was discovered during an audit. The Government said it was negotiating with BHP to resolve the matter in the best interests of the state.

WA Treasurer Ben Wyatt said the underpayments amounted to between AUD 200 million and AUD300 million and dated back to the early to mid-2000s. He said “Audit highlighted a potential difference of opinion, well, clearly a difference of opinion about backpay, effectively, of royalties or deductions made under the state agreement acts. That's in a process now of trying to understand and work out a position. Obviously BHP dispute that as a matter of interpretation. The state has a fairly firm view and we'll work that out with BHP."

BHP said the WA Mines Department had recently questioned a long-standing and historically accepted deduction of costs related to iron ore sales. It said "The long-standing deduction has been consistently audited and accepted by the Mines Department as part of BHP WA iron ore royalty calculations. It is concerning that previously audited and accepted payments to the government are now being revisited, and BHP is working with the Mines Department to resolve this matter."

Source : ABC

voda 23 januari 2019 19:17

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BHP update on iron ore in Oct-Dec 2-18

Total iron ore production increased by two per cent to 119 Mt (135 Mt on a 100 per cent basis). Guidance for the 2019 financial year remains unchanged at between 241 and 250 Mt, or between 273 and 283 Mt on a 100 per cent basis. At WAIO, increased volumes reflected record production at Jimblebar and the impact from the Mt Whaleback fire in the prior period. This was partially offset by the impact of planned maintenance in the September 2018 quarter and a train derailment on 5 November 2018 which resulted in the suspension of rail operations for five days and a production impact of approximately 4 Mt. During the rail outage, mine stockpile levels were built and are expected to be partially drawn down in the March 2019 quarter. Mining and processing operations at Samarco remain suspended following the failure of the Fundão tailings dam and Santarém water dam on 5 November 2015.

Voor cijfers, zie pdf.

Source : Strategic Research Institute

Bijlage:

voda 23 januari 2019 19:32

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BHP Nickel production update

Nickel West production decreased by 15 per cent to 40 kilo tonne as operations were suspended following a fire at the Kalgoorlie smelter in September 2018. The smelter returned to operation on 1 October 2018, with full repairs now expected to be completed in the March 2019 quarter. Planned maintenance at the Kwinana refinery was brought forward to align with the smelter outage and, as a result, production guidance for the 2019 financial year remains unchanged and is expected to be broadly in line with the 2018 financial year.

Source : Strategic Research Institute

voda 23 januari 2019 19:34

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BHP Copper production update

Total copper production decreased by one per cent to 825 kilo tonne. Guidance for the 2019 financial year has been increased to between 1,645 and 1,740 kilo tonne and reflects the retention of Cerro Colorado.

Escondida copper production was broadly unchanged at 580 kilo tonne as higher concentrator throughput and improved recoveries offset the impact of expected lower copper grades. Production guidance remains unchanged at between 1,120 and 1,180 kilo tonne for the 2019 financial year.

Pampa Norte copper production decreased by 17 per cent to 105 kilo tonne and reflects planned maintenance and a production outage at Spence following a fire at the electro-winning plant in September 2018. Record ore milled was achieved in the half year at both Spence and Cerro Colorado. Spence returned to full capacity during the December 2018 quarter, with production guidance of between 160 and 175 kilo tonne unchanged for the 2019 financial year. In the December 2018 quarter, BHP and EMR Capital agreed to terminate their agreement for the sale and purchase of Cerro Colorado after it became clear that the financing conditions of the transaction would not be satisfied by the end of the 2018 calendar year. Production at Cerro Colorado for the 2019 financial year is expected to be between 60 and 70 kilo tonne.

Olympic Dam copper production increased by 20 per cent to 65 kilo tonne as a result of the major smelter maintenance campaign in the prior period, which was partially offset by an unplanned acid plant outage in August 2018. Surface operations resumed at the end of October 2018 following completion of acid plant remediation works. Underground operations continue to progress into the Southern Mine Area, with record development kilometres achieved and the mine’s third decline becoming fully operational in the quarter. Production guidance for the 2019 financial year remains unchanged at between 170 and 180 kilo tonne.

Antamina copper production increased by eight per cent to 75 kilo tonne due to higher head grades. Production guidance for the 2019 financial year remains unchanged at approximately 135 kilo tonne for copper and approximately 85 kilo tonne for zinc.

Voor cijfers, zie bijlage.

Source : Strategic Research Institute

Bijlage:

voda 23 januari 2019 19:36

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Rio Tinto bauxite production in 2019 to rise to 8.4 million tonnes

Aluminium Insider reported the new year will see a rise in production of both bauxite and alumina from the world’s largest miner. Such was the news from a production report released by Anglo-Australian mining titan Rio Tinto Group late last week. In 2019 the company expects to produce between 8.1 million and 8.4 million metric tonnes of the aluminium precursor, up from last year’s alumina production total of 7.98 million metric tonnes. Rio Tinto said that last year’s production was down due to maintenance shutdowns, shaving 2 percent from its production total in 2017.

Rio Tinto’s expected bauxite production this year is between 56 million and 59 million metric tons, a rise from 2018’s bauxite production total of 50.42 million metric tonnes. Bauxite production in 2018 was off by 1 percent due to scheduled tie-in works at the CBG mine in Guinea, where an expansion of operations is underway, and a shutdown at Alunorte in Brazil, necessitating a drawdown at MRN.

The firm’s in-house production remained strong at Gove and Weipa, both in Australia. However, the final quarter of the year saw a 14-percent drop on the year due to a planned transition of operations from East Weipa to Amrun. The quarter also suffered the most from tie-in operations at CBG, explained the firm.

Third-party shipments of bauxite rose by 2 percent to 32.8 million metric tonnes in 2018, despite a 19-percent drop in the year’s closing quarter due to a corresponding drop in production detailed above.

Aluminium production this year will be slightly off from last year’s total of 3.46 million metric tonnes, projected the firm. A 2019 total of between 3.2 million and 3.4 million metric tonnes is Rio Tinto’s projection, peaking just below last year’s total that was down by 3 percent from 2017. The company said that a labor lock-out at Becancour smelter in Quebec and a power interruption at Dunkerque in France (which is now owned by Liberty House) negatively impacted production in the just-completed year. Minus these obstacles, Rio Tinto’s aluminium production was up by 1 percent, the company noted.

Source : Aluminium Insider

voda 23 januari 2019 19:48

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National Group delivers two excavators to BHP coal mines

Australian Mining reported that National Group has started 2019 in the same way it finished a record-breaking 2018 for the company by delivering a pair of excavators into Queensland’s Bowen Basin. BHP Billiton Mitsubishi Alliance added the first of these excavators, a Hitachi EX5600, to the Peak Downs mine.

National Group also delivered five Liebherr ultra-class T 282C trucks to Peak Downs last September.

The second excavator, a Liebherr R 996B, was delivered to the Poitrel mine, part of the BHP Mitsui Coal joint venture. It is the first piece of equipment National Group has supplied to Poitrel.

National Group founder and managing director Mark Ackroyd said the delivery of the excavators contributed to an already strong relationship with BHP. Mr Ackroyd said that “We have been working with BHP for some time now, especially at Peak Downs, so to be adding more equipment there is a testament to the machines we currently have operating for them and speaks volumes of our team on-site who do a great job with maintenance when needed.”

He added that “Poitrel on the other hand, we are very excited to be adding our first piece of equipment there and for it to be the ever reliable Liebherr 996 digger. We’re confident they are going to love this machine and hope it is just the beginning of things to come.”

National Group used its unique capabilities to handle all transport – assembly and delivery – to overcome the complex process of bringing the equipment to Australia.

Mr Ackroyd said National Group knew how difficult it could be to get the bigger gear to Australia first of all, let alone having to worry about everything else once it arrived. He said that “That is why we have worked very hard to build brands that complement each other in the entire journey of port-to-pit.”

Source : Australian Mining

voda 28 januari 2019 21:07

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Beleggers verliezen vertrouwen in mijnbouwer Vale na ramp in Brazilië

Met zeker zestig doden, honderden vermisten en meer dan honderd daklozen kan de dijkdoorbraak bij het Braziliaanse plaatsje Brumadinho met recht een humanitaire catastrofe genoemd worden. Maar de tweede mijnramp in ruim drie jaar tijd betekent ook een financieel fiasco voor de aandeelhouders van het Braziliaanse mijnbouwbedrijf Vale, en een duidelijke waarschuwing voor beleggers in de mijnbouwsector.

De dijkdoorbraak en daaropvolgende modderstroom vond vrijdag plaats bij de Feijão-ijzerertsmijn van Vale. Die modderstroom verraste honderden mensen, volgens Vale voornamelijk medewerkers van het bedrijf.

Vale is de grootste producent ter wereld van ijzererts, de grondstof voor staal. De prijs voor die grondstof schoot maandag omhoog op de vrees voor tekorten, maar de aandelenkoers van Vale maakte een tegengestelde beweging: die dook omlaag. En hard ook.

Vlak na opening van de beurs in São Paulo verloor Vale maandag bijna 20% aan waarde. Aandeelhouders reageerden met vertraging op het nieuws, want de dijkdoorbraak was vrijdag dus al. Maar toen werd er van vanwege een feestdag niet gehandeld in Brazilië. Beleggers vrezen schadeclaims voor Vale, maar kregen maandag ook nog eens te horen dat vanwege de ramp het dividend voorlopig wordt opgeschort.

De ramp werkte ook direct door in de koers van de obligaties van het bedrijf. Obligaties in euro's die in 2023 moeten worden afgelost verloren bijna 8%. Op de obligatiemarkt is dat een heel heftige beweging die nog duidelijker wordt als naar het effectief rendement wordt gekeken: dat ging van 1,3% naar 3,2%. Of, met andere woorden, als Vale nu geld zou willen lenen tegen dezelfde voorwaarden betaalt het bedrijf meer dan twee keer zoveel rente.

Dat wantrouwen lijkt terecht, want de dijkdoorbraak is niet de eerste voor Vale. In november 2015 brak in Brazilië ook al een dijk door van een bassin met mijnafval. Daarbij kwamen negentien mensen om. De mijn bij deze dam zou net weer worden opgestart.

Rechters in Brazilië legden dit weekend al voor miljarden dollars beslag op de rekeningen van Vale om schadevergoedingen veilig te stellen. Analisten voorzien schadeclaims, hoge boetes en nog strenger toezicht, wat tot sluiting van andere mijnen zou kunnen leiden.

Maar wat vandaag voor Vale geldt, kan morgen ook voor andere mijnbouwers gelden. Het grootschalig graven naar grondstoffen brengt nu eenmaal grote risico's voor mens en milieu met zich mee, en als het misgaat kost dat die bedrijven een vermogen. Analisten waarschuwden naar aanleiding van de ramp in Brazilië tegenover persbureau Bloomberg al dat het businessmodel voor de hele sector op de schop moet.

Jeroen Groot

fd.nl/beurs/1287376/ook-beleggers-ver...

voda 29 januari 2019 20:34

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Vale teams rescue and give assistance to animals in Brumadinho

Vale announced that approximately 50 professionals are working relentlessly to rescue the local fauna on both banks of the Paraopeba river following the breach of Dam I, in Brumadinho, Minas Gerais, Brazil. To date, 26 domestic animals have been rescued. The task force comprises veterinarians, biologists and assistants - including Vale employees, volunteers, and advisors.The action is coordinated by Vale's team of biologists in partnership with the Regional Council of Veterinary Medicine, which has mobilized volunteers to help in the rescue efforts and in the veterinary treatment centers set up to assist rescued animals.

Besides these centers, the initiative also includes a mobile medical care unit to provide first aid to rescued animals.

Source : Strategic Research Institute

voda 29 januari 2019 20:35

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Vale reports on injunctions and imposition of administrative sanctions

Vale SA informed, pursuant to CVM Instruction 358/2002, as subsequently amended, that it was notified of preliminary injunctions granted upon the requests presented by the Public Prosecutors of the State of Minas Gerais and by the State of Minas Gerais, with regards to the rupture of dam 1 of the Córrego do Feijão Mine. The judges on duty during the weekend in Belo Horizonte and Brumadinho granted attachments on Vale's bank accounts on the total value of R$ 11,000,000,000.00 (eleven billion Reais) and determined that the company takes the necessary measures to reassure the stability of the dam VI of the Córrego do Feijão Mine Complex, provide reception and integral assistance to the affected people, among other obligations.

In addition, Vale informs that it was notified of the imposition of administrative sanctions by IBAMA and SUFIS-MG, in the amount of R$ 250,000,000 (two hundred and fifty million Reais) and 27,590,773.62 UFMG (approximately R$ 99,139,167.77), respectively.

Source : Strategic Research Institute

voda 29 januari 2019 20:36

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Vale informs on deliberations by the Board of Directors following the breach of Dam I of the Córrego do Feijão mine

Vale SA (Vale) informed that in consequence of the breach of Dam I of the Córrego do Feijão mine in Brumadinho (MG, Brazil), its Board of Directors, in an extraordinary meeting on 01/27/2019, approved the following governance measures:

Based on Art. 15, §1 of the Company By-laws, it established two Extraordinary Independent Consulting Committees (“CIAE”) to support the Board of Directors, coordinated and composed by a majority of external, independent members, with unblemished reputation and experience on the matters to be addressed by the committee, to be appointed by the Board of Directors.

The first Independent Committee will be dedicated to follow-up on the measures taken to support the victims and the recovery of the areas affected by the breach of the dam, assuring that all necessary resources will be applied – “CIAE for Support and Recovery”

The second Independent Committee will be dedicated to investigating the causes and responsibilities for the dam breach – “CIAE for Investigation”

Additionally, it deliberated the following changes on the remuneration and incentives schemes:

The suspension of the Shareholder Remuneration Policy, and therefore the non-payment of dividends and interest on capital, as well as any other deliberation on shares buyback, The suspension of the variable remuneration payment for executives.

The Board of Directors remains in readiness and following the developments of the events related to the dam breach and it will take necessary additional measure.

Source .: Strategic Research Institute

voda 30 januari 2019 19:41

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Vale appoints executive for Immediate Response Group

Vale has appointed Claudio Alves as the leader of the Immediate Response Group, a committee created on January 25th to consolidate emergency actions, of any nature, related to those affected by the Feijão Mine's dam breach, occurred last Friday.

The executive has just moved permanently to Belo Horizonte in order to expedite and intensify the efficiency of the actions taken in the region of Brumadinho, in Minas Gerais.

Claudio Vale has been working at Vale since 1992 and has been Director of the Department of Pelletizing and Manganese for the last two years. Vale reinforces that the company is totally focused on supporting the rescues to help preserving and protecting the lives of employees and local communities.

Source : Strategic Research Institute

voda 30 januari 2019 19:42

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Vale shares preliminary results of internal investigation with federal and state authorities

After the Feijão Mine's dam breach in Brumadinho, Vale's Legal team began the first phase of the internal investigation to determine the causes of the accident. Preliminary results were shared with federal and state authorities. Alexandre D'Ambrosio, Vale's General Counsel, said "Vale is the most interested party in determining the causes of the dam breach," states. "Even before the issuing of the arrest warrant, I have been to a meeting with the Federal and State Public Prosecutor's Office in Minas Gerais to reinforce Vale's commitment to the determination of the facts. We are fully available to provide the authorities with any information."

The company's director told that during the search and seizure of documents in the Águas Claras Mine, in Minas Gerais, state police requested the company permission to expand the proceeding to the Mutuca Mine, which was promptly arranged. It wasn't included in the warrant.

Still according to the Generak Counsel, "The orientation is and has always been that all employees collaborate, fully and unrestrictedly, with the authorities. My priority and that of the other Vale's Executive Board members is to do whatever possible to mitigate the suffering of those affected and their families."

Source : Strategic Research Institute

Bijlage:

voda 31 januari 2019 20:21

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Rio Tinto Promises Carbon-Free Smelting Technology At Tiwai Point

Aluminium Insider reported that New Zealand’s Tiwai Point Aluminium Smelter is in line to possibly become the world’s first carbon-free aluminium smelter after a productive discussion between the heads of Rio Tinto Group and the New Zealand government last week.

A Kiwi news source said that Rio Tinto chief executive Jean-Sébastien Jacques and Prime Minister Jacinda Ardern discussed the matter at the World Economic Forum at Davos, Switzerland, which ended on Friday. Mr Jacques revlead

The smelter would be based upon technology developed by Elysis, a joint venture between Rio Tinto and Alcoa Corporation. Brought to life last spring, Elysis boasts a smelting technique that produces no direct greenhouse gases – instead, the process makes oxygen as a byproduct. Per the firm, the new technology will be ready for sale in five years.

New Zealand Aluminium Smelters chief executive and site general manager Stew Hamilton said that the meeting portended nothing but good things for the smelter. She said that “During her recent visit to Tiwai, the Prime Minister asked us to keep representing New Zealand on the world stage, so it was great she found the time to connect with our global chief executive in Davos. As Tiwai’s majority owner, Rio Tinto is setting a direction around mining the resources we need for a low carbon future. This is very aligned with our government’s direction and as we produce some of the lowest carbon and highest purity aluminium in the world the team at Tiwai is ready to play an important role in that low carbon future.”

Source : Aluminium Insider

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voda 4 februari 2019 21:22

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Miners BHP & Rio urge permanent voice for First Nations in Australia's parliament

Reuters reported that Australia's two biggest miners backed calls for an indigenous advisory body in parliament, saying Prime Minister Scott Morrison's opposition to the proposal did not "stand up to scrutiny". Australia has struggled for decades to reconcile with descendants of first inhabitants, who arrived on the continent some 50,000 years before British colonists. The opposition Labor party has promised a referendum on the advisory body if it wins a general election due by May.

BHP Group and Rio Tinto issued an unusual joint statement to support a constitutionally enshrined body to advise parliament on indigenous matters.

BHP Chief Executive Officer Andrew Mackenzie said that "A First Nations' voice to parliament is a meaningful step towards reconciliation. It would empower indigenous Australians and it would make sure indigenous people have a say on the legislation, policy and programs that shape indigenous lives, families and communities."

The constitution makes no reference to indigenous people, whose leaders have struggled for generations to win recognition for past injustices, since European colonisation in the 1700s.

Source : Reuters

voda 6 februari 2019 19:56

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ASI expand Performance Standard certification to Rio Tinto’s operations in British Columbia, Canada

With expansion of ASI Performance Standard certification to now also cover an aluminium smelter and power operation in Kitimat, British Columbia, Canada, Rio Tinto’s aluminium operations in Canada have all been certified to the industry’s highest standards for responsible production, sourcing and stewardship of aluminium.

Implementation of ASI’s certification program for responsible aluminium along the value chain continues its strong momentum in 2019 with the Performance Standard certification of a Rio Tinto smelting operation in British Columbia, Canada. The Kitimat operations have been added to the scope of the first ASI Performance Standard Certificate initially issued to Rio Tinto in March 2018. Rio Tinto’s ASI-Certified smelters have a combined capacity of around 1,600,000 tonnes per year.

ASI chief executive officer Fiona Solomon said “We applaud Rio Tinto for their continued leadership of the industry on responsible production, as a founding member of the ASI and through bringing certified aluminium to the market. We look forward to this positive example extending widely with voluntary pickup into downstream aluminium use sectors such as automotive, construction and packaging.”

Rio Tinto Aluminium chief executive Mr Alf Barrios said that “We are committed to leading the industry by meeting the highest international production standards and having ASI Certified Aluminium available to our customers globally, to respond to the increasing demand from end consumers for responsibly sourced products. This is an essential step to unlock the full potential of aluminium as a key material in our modern world and grow its use in everything from phones to cars and buildings.”

Rio Tinto vice president sales and marketing and ASI Board member Mr Tolga Egrilmezer said that “The ASI standards are now starting to be embraced along the value chain, with end users like Audi becoming certified. Rio Tinto will be working closely with customers as the pioneer in this space to meet their needs for responsibly produced aluminium.”

Source : Strategic Research Institute

AEX 938,58 -3,70 -0,39% 20 feb


Germany40^	22.328,10	+0,06%
BEL 20	4.369,35	-0,02%
Europe50^	5.462,70	+0,03%
US30^	44.183,70	0,00%
Nasd100^	22.069,60	0,00%
US500^	6.119,18	0,00%
Japan225^	38.585,80	0,00%
Gold spot	2.942,38	+0,31%
EUR/USD	1,0498	+0,70%
WTI	72,42	+0,39%

SBM Offshore	+13,37%
EBUSCO HOLDING	+8,19%
AMG Critical ...	+5,06%
ForFarmers	+5,00%
NN Group	+3,62%

Aegon	-9,37%
Vopak	-5,48%
THEON INTERNAT	-3,65%
Fagron	-3,58%
JUST EAT TAKE...	-3,16%

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