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Indonesia: Revenue target from coal & mineral sector raised Indonesia: Revenue target from coal & mineral sector raised

The government expects an increase in state revenues from the coal and mineral sector this year to offset the projected decline in revenues from the oil and gas sector. In the proposed revision of the 2015 State Budget, the government raised state revenues from the mining sector by 28.5 percent ...

Brazil to expand agricultural export to China

Brazil plans to expand exports to China, as Chinese market is vital to the growth of its agricultural sector, a minister said. Katia Abreu, the new agriculture minister stressed at a recent press conference the importance of channeling Chinese investment to Brazil’s agricultural sector. Abreu, w ...

South Africa Calls for Coal Efficiency as $2 Billion Lost

South Africa’s coal industry needs to boost efficiency after falling coal prices cost the nation 23 billion rand ($2 billion) in lost export revenue last year, Mineral Resources Minister Ngoako Ramatlhodi said. “We are concerned about the extreme volatility in the coal price, which has a direct ...

Record low iron ore price forecast looks optimistic: Russell

You know the outlook for a commodity is bleak when even a record low consensus forecast for prices looks overly optimistic. This appears to be the case for iron ore, where a Reuters poll of analysts published on Wednesday showed a median estimate of $68 a tonne for spot Asian prices in 2015. If ...

India heading for Iron Ore crisis due to mining bans: ASSOCHAM

In the wake of bans and restrictions imposed on iron ore mining in Odisha, Jharkhand and Karnataka, India’s steel industry is likely to face unprecedented crisis due to extreme shortage of iron ore and cheaper imports from China and Russia. In a note submitted to the government today, apex indus ...

Japan to invest $850 million in Lakhra coal project

The Japanese government has expressed its willingness to invest 850 million dollars, in Lakhra coal project in Pakistan. This was stated by Japanese Ambassador Hiroshi Inomata in a meeting with Finance Minister Ishaq Dar, in Islamabad. He said that his country would also provide assistance to Pa ...

China 2014 coal output seen down 2.5 pct, first drop in a decade

China’s coal production is estimated to have fallen 2.5 percent in 2014, the first annual drop in more than a decade, hit by a war on pollution and government efforts to tackle a supply glut as demand from industry and the power sector weakens. The forecast by the China Coal Industry Association ...

India’s November Mineral production rises 3.4%

The index of mineral production of India’s mining and quarrying sector for the month of November (new Series 2004-05=100) 2014 at 127.9, was 3.4% higher as compared to November 2013. The cumulative growth for the period April – November 2014-15 over the corresponding period of previous year stan ...

China commodity trade data show winners are scarce: Russell

China’s detailed commodity trade figures for 2014 do much to confirm that the trend has changed to higher import volumes being dependent on lower commodity prices, but there are a few notable exceptions. Major commodities such as crude oil, iron ore and copper all showed increased imports on the ...

Too Much Sugar in India Has Mills Banking on Export Subsidy

The sugar harvest in India, the world’s biggest producer after Brazil, is forecast to climb to the highest level since 2012, increasing pressure on the government to subsidize exports and trim stockpiles. Futures declined. Production may rise to 26 million metric tons in the year that began on O ...