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Indonesia coal royalty hike to cost jobs, increase illegal mining -industry group

Indonesia’s plans to ramp up coal royalties next month will cost 150,000 jobs and lead to a rise in illegal mining activities, the head of an industry group told Reuters in an interview. The world’s top exporter of thermal coal is looking to increase revenues from its mining sector this year, bu ...

China commodities imports resume after holiday but demand weak

China’s commodities imports generally rose in March on a month earlier as shipments resumed after the Lunar New Year holiday, but analysts pointed to still weak demand for goods ranging from iron ore to coal and soybeans. Overall trade data showed China’s total exports shrank 15 percent in a sur ...

Indonesia: Coal output falls as prices continue to lag

Coal output dropped by 21 percent in the first three months of the year as low prices for the commodity forced mining companies to reduce activities to cut production costs. Data from the Energy and Mineral Resources Ministry’s directorate general for minerals and coal shows the total output for ...

China Plans Iron Ore Subsidy for Miners Amid Rout, News Says

China may introduce a nationwide subsidy for local iron ore producers amid slumping prices, according to the official Shanghai Securities News. The subsidy may start as soon as the middle of this month, the newspaper reported on Wednesday, citing people in the industry that it didn’t identify. T ...

Port Hedland Iron Exports to China Climb in March as Prices Sink

Iron ore shipments to China from Australia’s Port Hedland increased 3.2 percent last month from February as mining companies in the world’s largest exporter boosted output, hurting prices amid a global glut. Exports to China totaled 31.2 million metric tons in March, the most since October, acco ...

India raises coal import by 35% to aid power plants

After a dip in power generation owing to shortage of coal, thermal power plants across the country may get back to normal generation soon as the Central Electricity Authority (CEA) has increased coal import from 54 million tonnes to 73 million tonnes, an increase of 35% for the current fiscal. T ...

India To Allow Commercial Mining Of Coal

Opening up India’s coal sector to competition, the Narendra Modi-government has reportedly decided to allow commercial mining — a right currently enjoyed by only Coal India (CIL) — by other state-owned entities such as NMDC, the largest iron ore producer and exporter, producing about 30 million ...

Shipping confidence hits two-and-a-half year low on fears about overtonnaging and low oil prices

Overall confidence levels in the shipping industry fell during the three months to February 2015 to their lowest level for two-and-a-half years, according our latest Shipping Confidence Survey. Respondents to the survey identified overtonnaging as the biggest factor behind the fall in confidence ...

India in biggest wheat import deals since 2010 as rains damage crop

India has bought up to 80,000 tonnes of Australian wheat in recent deals, three trade sources said on Tuesday, the biggest such imports by the country in five years as unseasonal rains damage the crop at home. Purchases by the world’s No.2 wheat consumer and producer could buoy benchmark Chicago ...

S African Feb thermal coal exports slip 9.5% on-month to 6 million mt

South African thermal coal exports for February slumped 9.5% on the month to 6 million mt, the second month of falls, due to lower exports to Europe. Shipments to European countries, including the Netherlands, Spain and Italy, totaled 454,399 mt during the month, plunging 75.7% from January’s 1. ...