November, 2023 – Rio Tinto goes live on Fendahl’s Fusion CTRM Solution; Singapore.
After kicking off the project in June 2022, Rio Tinto have gone live on Fendahl’s Fusion CTRM software in just 12 months. Rio Tinto selected Fusion CTRM to manage their financial metals trading and risk requirements. This included the implementation of advanced futures and swaps trading functionality.
After undergoing an extensive selection process, Rio Tinto decided that Fusion CTRM was the best fit for the business. Some of the key factors learnt during the project ratified the original decision to choose Fendahl Fusion;
- Rio Tinto needed a reliable vendor with enhanced product coverage and satisfised references to minimise project risk which was proven throughout the project life-cycle.
- A flexible partner-based approach to development allowed Rio Tinto to work with the product to configure innovative financial instruments and transactions.
- A committed and stable project team that aligned closely with the internal Rio teams, ensured that the project was delivered on time and within budget.
Fendahl looks forward to a successful long-term relationship with Rio Tinto, in continuing to support them with future trading and risk management requirements.
About Rio Tinto
Rio Tinto work in 35 countries – in mines, smelters and refineries, as well as in sales offices, data centres, research and development labs and with artificial intelligence. Rio Tinto’s geologists explore the Earth’s wildest terrain. Wildlife specialists work to protect and conserve grizzly bears in Canada and migratory shorebirds in Western Australia. Rio Tinto’s marketing teams make sure their essential materials meet the specific needs of customers around the world. And they are home to one of the world’s largest robots and maybe one of the smallest.