BBGC secures managed services contract from Rio Tinto
08 July 2024 | Consultancy.uk
Global consultancy BBGC has secured a CTRM managed services contract from one of the world’s largest mining firms. The deal with Rio Tinto further strengthens the advisory firm’s significant collaboration in the industry.
Founded in 1873, Rio Tinto is British-Australian firm in the mining sector. Named after the Rio Tinto river in Southern Spain where it began its mining journey, today, it is the world’s second-largest metals and mining corporation with a presence in 35 countries. But it is also looking to leverage new technologies to build upon that legacy in the future.
Marcus Ang, senior product manager at Rio Tinto, remarked, “We are thrilled to strengthen our partnership with BBGC as we continue to anchor a stable operational foundation while expanding our commodities trading capabilities in the years ahead. This collaboration reflects our shared vision to address complex challenges with care, courage and curiosity to create a positive impact to Rio Tinto and the industry which we operate.”
CTRM is short for Commodity Trade and Risk Management. Related software supports commodity traders, processors and purchasers in the various business processes associated with commodity trading. To help get the most of the technology, Rio Tinto has tapped consulting firm BBGC for support.
“At BBGC, we prioritise the security and competitiveness of our clients’ trading operations,” stated Amir Soufizadeh, Director at BBGC. “Our modern managed services offering, supported by a distributed team across multiple locations, ensures continuous support, improvements, and cost-effective enhancements.”
Business Benefits Global Consulting (BBGC) is a multinational consultancy firm with offices in Middle East, Asia, Europe and the US. The firm’s extensive expertise in the realms of energy, commodities, and financial services establishes it as a reliable partner in the CTRM field, with a broad range of services including strategic IT consulting, complete delivery lifecycle support, to product selection and deployment.
The company’s proficiency in trading solutions and advanced analytics will enable stakeholders to effectively manage, market, trade, or consume commodities, underpinned by analytical support for enhanced position visibility, regulatory adherence, and risk management. Looking ahead, BBGC will look to help Rio Tinto to boost Rio Tinto’s operational efficiency and risk management efforts.
Soufizadeh added, “Being trusted by a company of Rio Tinto’s caliber is a testament to the quality of our work,” added Soufizadeh. “We are proud of our collaboration to enhance and manage a high-quality commodity software platform.”
Source - BBGC secures managed services contract from Rio Tinto
