AL Circle's weekly wrap
Hindalco ranks as 'World’s Most Sustainable Aluminium Company' for the 5th?consecutive year
Hindalco Industries Limited, the Aditya Birla Group metals flagship, has emerged as the World's Most Sustainable Aluminium Company for the fifth consecutive year in the 2024 edition of the S&P Global Corporate Sustainability Assessment (CSA) rankings.
Hindalco, the only Aluminium company to secure the top position in the S&P Global CSA, achieved a total score of 87 points (as of 30 October 2024), thereby improving its tally by 9 points from the last year, and is 22 points ahead of its closest peer.
The DJSI World Index comprises the top 10 per cent of the largest 2,500 companies by market capitalisation in the S&P Global Broad Market Index based on long-term economic and ESG factors.
Satish Pai, Managing Director, Hindalco Industries Ltd.,?said, "We have been able to significantly boost our score because of our consistent efforts to raise our Environmental, Social, and Governance standards. This highlights our inclusive approach to ESG, which includes committed efforts to maintain biodiversity, water positivity, zero waste to landfill, and ultimately achieving net-zero emissions."
Hindalco achieved the 100th percentile in most aspects of the three dimensions of environmental, social, and governance (ESG), including climate strategy, environment and social reporting, and water-related risks, as well as in operational eco-efficiency parameters such as waste management and resource consumption, cybersecurity, community engagement, and employee development. The company made significant improvements in environmental, social, and governance (ESG) performances, and its sustainability ranking showed continuous improvement in all parameters. Read the full news here.
TOP International strengthens partnership with Lubei Group by signing 2025 bauxite purchase agreement
TOP International Holding Pte Ltd., a leading global mining and resources company, on November 11, 2024, announced the signing of a new bauxite purchase agreement with Lubei Group, a diversified multinational conglomerate and one of China's leading producers in fertilizers, chemicals, and minerals, including bauxite and alumina.
The agreement secures the supply of 2 million tonnes?of bauxite to the Lubei Group in 2025, underscoring the strength of a strategic partnership that has been growing over the course of this year.
Victor Tan, CEO of TOP International,?said, "We are thrilled to extend our partnership with Lubei Group into 2025. Since we began working together this year, our collaboration has grown from strength to strength, grounded in our mutual commitment to sustainable and reliable resource solutions. We are proud to partner with such an established and respected company and look forward to supporting Lubei Group's bauxite requirements as they continue to expand."
Jenn Shi Tan, Vice-President of Minerals and Resources of TOP International,?added, "Securing this bauxite supply agreement is a strategic win for both companies. With bauxite demand on the rise, our ongoing partnership with Lubei Group not only ensures a stable supply chain but also enhances our presence in the market."
The new agreement highlights the synergy and trust developed between TOP International and Lubei Group. It also reinforces TOP International's commitment to sustainable supply practices, strengthening the company's role as a preferred supplier in the global market.
REDWAVE and TOMRA announce an agreement to offer a complete solution for Zorba sorting
The two leading sorting solutions providers, REDWAVE and TOMRA, have announced a strategic agreement aimed at providing customers with a seamless supply of sorting systems based on XRF (x-ray fluorescence) and XRT (x-ray transmission) technology. This new arrangement will make it easier and more efficient for customers to access top-tier sorting technologies from one turnkey supplier.
Effective November 1st, 2024, REDWAVE and TOMRA Recycling will offer each other’s complementary metal sorting technologies directly to their respective customers. By facilitating access to the combined technologies in one go, both REDWAVE, a Competence Center of BT-Systems, and TOMRA Recycling aim to address the growing demand for sustainable and efficient Zorba sorting processes, enhancing scrap metal recovery and delivering the highest quality of end fractions. Customers can now source both technologies from one supplier. However, REDWAVE and TOMRA will continue to operate fully independently, focusing on their individual technology expertise and directly assisting customers with after-sales service on their respective equipment.
Benefits of Zorba sorting
This non-exclusive agreement will be particularly beneficial to recyclers and plant operators in Zorba sorting, providing them with more efficient and accurate capabilities. Zorba, a mix of non-ferrous metals, requires a multi-step, precise process to maximise recovery and value. The combined technologies of REDWAVE and TOMRA are perfectly suited to meet these complex requirements.
TOMRA Recycling’s industry-leading XRT sorting solutions are renowned for their ability to distinguish materials based on atomic density. Having been on the market for more than two decades, they are ideal for separating heavy metals from aluminium. REDWAVE’s XRF sorting solutions, also highly regarded globally, excel in recognising materials according to their chemical composition, ensuring high-precision sorting of the recovered mixed heavy metals into mono-metal products such as copper, brass or zinc.? Read the full news here.
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