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Noble Group Holdings Ltd (Noble) has cut jobs in its base metals unit following coronavirus-led market disruption, a first step in broader cuts likely to be announced in a strategic review later this month, multiple sources aware of the matter said. Noble, which took over assets of the under-liquidation Noble Group Ltd in December 2018, has cut about half-a-dozen jobs from its base metals team as part of a wider restructuring plan, three sources familiar with the matter said. "The COVID-19 pandemic and its economic fallout is having an unprecedented impact on global markets and Noble Group is not immune," a London-based spokesman for the group said in response to a Reuters query.
Asian energy trader Noble Group said on Friday it had hired the former chief financial officer of Swiss-based Gunvor, Jacques Erni, as its new CFO. Erni joins the firm as it seeks to rebuild after a difficult few years. Erni joined Gunvor in 2006 and was its CFO from 2013 until May 2019.
Commodities trading firm Noble Group Holdings Ltd said on Monday its subsidiary Talaxis has signed a memorandum of understanding (MoU) to potentially supply rare earths products to Chinalco Guangxi Nonferrous Rare Earth Development Co Ltd. Under the MoU, Talaxis will supply via sourcing, offtake and tolling of up to 42,000 tonnes of rare earths products, including concentrate and oxide, per year to Chinalco Guangxi, a joint-venture with China's biggest state-backed aluminium producer Aluminium Corporation of China (Chinalco). Chinalco Guangxi will also help Talaxis with its rare earth projects, including the construction of the Songwe Hill rare earths project in Malawi in southeast Africa, according to the statement.