2:53 pm July 30, 2015 | No Comment
Indonesia's Timah will be unable to export tin for much of August due to bureaucratic delays in the implementation of new rules for shipments, a senior official at the country's top tin miner said on Thursday.
8:21 am July 29, 2015 | No Comment
Chevron, the second-largest U.S. oil company, said on Tuesday it would lay off 1,500 employees, about 2 percent of its global work force, as it trims costs to offset declining crude prices.
6:34 pm July 28, 2015 | No Comment
A slump in commodities prices over the past month has pushed back expectations of when the European Central Bank will start normalizing its ultra-loose monetary policy by a whole year, to 2019.
4:22 pm July 28, 2015 | 7 Comments
Indonesia has issued a regulation that changes the way export taxes are calculated for crude palm oil and other palm products, a finance ministry official said on Tuesday, and they will now be expressed in dollars rather than a percentage of the palm price.
3:04 pm July 28, 2015 | 2 Comments
State logistics procurement agency Bulog will play a greater role in stabilizing the cost of basic commodities as part of the government's efforts to lower food prices and minimize the speculation of so-called food "mafias," Trade Minister Rachmat Gobel said in a gathering with journalists over the weekend.
11:00 am July 28, 2015 | No Comment
Crude oil futures hit four-month lows on Monday after a steep drop in China's stock markets sparked concern about the economic health of the world's biggest energy consumer, while evidence of a growing crude glut mounted.
9:12 am July 28, 2015 | No Comment
Indonesia and Freeport-McMoRan reached a deal on Monday that will allow the US mining giant to export up to 775,000 metric tons of copper over the next six months.
3:03 pm July 27, 2015 | No Comment
Tin shipments from smelters in Indonesia, the world’s top exporter of the metal, are expected to tighten in coming weeks due to a change in export rules that is likely to underpin prices.
1:02 pm July 27, 2015 | No Comment
Billionaire Gina Rinehart has bought a West Australian cattle station, further expanding into the country's farm sector with a deal that positions the mining magnate to profit from a recent Australian live cattle-export agreement with China.
11:11 am July 27, 2015 | No Comment
Oil prices fell on Monday after closing the previous session at their lowest levels since March on renewed oversupply concerns from the United States and Iraq, although a weaker dollar helped to limit deeper losses.
9:23 am July 23, 2015 | 10 Comments
Indonesians are smoking less than before, and that poses a dilemma for a government that faces a budget shortfall as well as rising unemployment and counts on tobacco taxes for about 10 percent of state revenue.
6:21 pm July 22, 2015 | No Comment
With coal prices still struggling to recover, the Indonesian government has decided to shelve its plan to demand increased royalty payments from miners, a senior official said on Wednesday.
5:10 pm July 22, 2015 | 1 Comment
Gold fell back towards five-year lows on Wednesday as investors continued to pull away from the precious metal, with a slide through key chart levels earlier this week setting prices up for further losses.
7:58 am July 21, 2015 | No Comment
Australia said on Monday it has sealed a deal to become the first country to export live cattle for slaughter to China, with the trade likely to be worth as much as A$2 billion ($1.5 billion) annually over the next decade.
8:30 am July 17, 2015 | No Comment
In the world's biggest ship recycling center of Alang on India's Arabian Sea coast, workers with blow torches cut segments of steel stripped from the rusting hull of a towering cargo ship, sold for scrap by its Japanese owner.
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