10:24 pm March 25, 2015 | No Comment
Coal miners are calling on the government to review its plan that would raise royalties on the industry by end of the first quarter, arguing the sector is suffering from falling prices that are expected to continue eating at profitability for the foreseeable future.
4:05 pm March 25, 2015 | No Comment
An export curb by tin smelters in Indonesia, the world’s biggest supplier, will fail to sustain a price rally as mined output continues rising, according to Australia’s largest miner of the metal.
6:48 pm March 24, 2015 | No Comment
Coffee farmers in Indonesia, the world’s third-biggest producer of the robusta variety used by Nestle, will probably harvest a record crop in the season starting April after rains boosted yields.
10:56 pm March 23, 2015 | 1 Comment
Indonesia will allow mining companies to export bauxite to help miners bolster revenue and fund smelter development, an official at the Energy and Mineral Resources Ministry said on Monday.
9:11 am March 23, 2015 | No Comment
Oil prices dropped around a percentage point in early Asian trade on Monday after Saudi Arabia said over the weekend that it would not unilaterally cut its output to defend prices.
2:09 am March 23, 2015 | No Comment
Freeport McMoRan’s Grasberg copper mine in Indonesia, the world’s second-largest for the metal by capacity, reopened Saturday after a worker roadblock stopped production for five days and helped push the metal’s price to a two-month high.
8:10 pm March 21, 2015 | No Comment
Indonesia will impose a levy of $50 a tonne on exports of crude palm oil when prices fall below a threshold triggering a monthly tax on shipments overseas, the chief economics minister said.
9:45 pm March 18, 2015 | No Comment
The Energy and Mineral Resources Ministry has granted an extension permit to Newmont Nusa Tenggara, the local unit of US mining giant Newmont Mining, to export copper concentrate for the next six months, after the company joined Freeport Indonesia in its bid to build a new smelter in East Java.
6:55 pm March 18, 2015 | No Comment
The world has never been so awash in sugar. Just as cane harvests expand in India and Thailand, farmers in Brazil, the world's largest producer, are ramping up exports to take advantage of a tumble in the exchange rate that has swelled their profit margins.
9:08 pm March 17, 2015 | 1 Comment
The Agriculture Ministry estimates that domestic rice production between January and April 2015 will top 32.9 million metric tons unhusked, up 4.1 percent from 31.6 million metric tons in the same period last year.
11:26 am March 16, 2015 | No Comment
Malaysia, the second-largest palm grower, raised its palm oil export tax from zero to 4.5 percent for April, a government circular showed on Monday, ending a duty-free policy held since September.