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Indonesia plans new tax on thermal coal exports from August 8

The Indonesian government plans to levy a new tax on thermal coal exports from next month, a move that will hit miners already grappling with weak prices hard, sources said. This comes close on the heels of another government regulation making it mandatory to use the local currency for inland tr ...

India coal imports flat in June as local supply jumps – trade

India’s coal imports in June were largely flat at 20.18 million tonnes from a year ago, provisional data from commodities trader mjunction showed, as state behemoth Coal India ramped up supplies under a sustained government push. Reviving output from India’s nationalised coal industry has been o ...

China Urged to Make Deeper Cuts in Coal Use for Climate Pledge

China must make deeper cuts in coal consumption to meet its pledge to cut greenhouse gas emissions, according to a government adviser. The world’s biggest carbon polluter should aim to reduce the amount of energy it gets from coal to less than 55 percent in the next five years, said Li Junfeng, ...

China spot iron ore prices at 6-week low as demand weakens

Chinese spot iron ore prices fell to a six-week low as purchases by steel mills in the world’s top producer stalled due to bleak demand prospects, hitting appetite for the raw material. Iron ore for immediate delivery to China’s Tianjin port fell for the fourth straight day on Tuesday, down 2 pe ...

China’s demand for Australian thermal coal down 31% on year in fiscal 2015

China’s intake of thermal coal shipments from countries including Australia and Indonesia is forecast at 157 million mt for the fiscal year ended June 2015, representing a 31% decrease on traded volumes of 229 million mt in the preceding fiscal year period, said the Australian government in a re ...

India iron ore exports plunged in March

According to latest trade statistics released by the Ministry of Commerce in India, the iron ore exports by the country dropped sharply during the month of March this year. Huge cuts were seen in export prices too. This is when compared with the same month a year ago. The iron ore exports by Ind ...

Sugar Exports From India Seen Doubling as Bumper Crop Looms

Sugar exports from India may double as farmers prepare to harvest the third-biggest crop ever, extending the country’s surplus for a sixth year. Shipments will be 2 million metric tons in the 12 months starting Oct. 1, according to the median of six estimates from refiners, brokers and analysts ...

Biggest Coal Shipper’s Power Plan Offers Relief From Bear Market

The coal market’s best hope of breaking a four-year losing streak may be its biggest supplier’s plan to burn more at home. Indonesia plans to expand generating capacity by 46 percent in four years with new power plants, half of them burning coal. If that happens, fuel consumption may triple to t ...

Vietnam’s rice exports in stalemate

According to the Vietnam Food Association (VFA), Vietnam had exported 2.1 million tons of rice by the end of May, earning $870 million, a decrease of 10 percent in export volume and 13 percent price decrease in comparison with the same period in 2014. To date, Vietnam has signed contracts on exp ...

‘Malaysia Is the Winner’: Indonesia Miners Go Overseas After Ban

Malaysia is emerging as an unexpected beneficiary of Indonesia’s ban on ore exports as mining companies from its larger Southeast Asian neighbor pump cash into local bauxite deposits to meet demand from China. At least five Indonesian miners invested in Malaysia by the end of last year, teaming ...