Weather experts say

Argentina rains cap crop losses from drought

Buenos Aires - Argentina, a major grains exporter, is set for further abundant rains in the coming days and a likely near-average month of precipitation ahead, weather experts said, which should cap recent crop losses from an extended drought since December. The long spell of dry weather, brought to end by rains arriving earlier this week, had led the Rosario grains exchange to slash its forecasts for corn and soy harvests

Due to higher metal prices

Kazakh president says mining companies must pay higher taxes

Almaty - Kazakh President Kassym-Jomart Tokayev ordered his government on Tuesday to extract greater tax revenue from the mining sector which he said was profiting from higher metals prices. Kazakhstan has just weathered the worst bout of unrest since it gained independence

Ahead of export ban review

Indonesia secures more coal supplies

Jakarta - Indonesia's state utility secured an extra 7.5 million tonnes of coal supplies on Tuesday, helping to avert power outages, boost stocks and increase the chances of the government lifting its export ban soon

The operation

Moves to improve shipping of Namibian charcoal exports

Windoek - As the country's farmers increasingly diversify their activities, the Namibia Charcoal Association (NCA) last week met representatives of some shipping lines to resolve the challenge of handling charcoal shipping containers. According to the latest issue of the Namibia Agricultural Union newsletter, the situation where charcoal is treated as dangerous material with its containers restricted to a specific area on ships, is expected to improve next year

Amid fears of food shortages

Mali suspends grain exports

Bamako - Mali has indefinitely suspended exports of rice, maize and other grains to protect its food supply as the United Nations warned of worsening hunger in West Africa, the minister of trade and industry said on Tuesday

To fight fraud

Congo president demands audit of mining registry

Kinshasa - Democratic Republic of Congo President Felix Tshisekedi has demanded a ban on issuing and trading mining permits until the country's mining registry has been audited, a measure aimed at combating fraud within the sector

In row with UK

France to "fight every day" for more fishing licences

Paris - France said on Friday it was still waiting for Britain to issue 150 more fishing licences to French vessels in a post-Brexit row that has strained British-French relations, and that it would "fight every day" to obtain them

Under climate efforts

Oil industry calls for inclusivity

Abu Dhabi - Energy producers gathered in Abu Dhabi following the Cop26 U.N. climate talks called on Monday for greater inclusivity that would see more investment in hydrocarbons for energy security as they work to reduce emissions while developing their economies

Current shortage not unexpected

UAE says Q1 to see oil supply surplus

Dubai - UAE Energy Minister Suhail al-Mazrouei said on Monday that all indications point to an oil supply surplus in the first quarter of 2022 and he expected OPEC+ would likely stick to current production policy when it next meets in early December. OPEC and its allies agreed earlier this month to stick with plans to raise oil output by 400,000 barrels per day (bpd) from December

More than one billion dollars

Glencore assurances on Chad pave way for IMF lending program

London - Glencore has offered assurances over the restructuring of Chad's more than $1 billion commercial debt, paving the way for the International Monetary Fund to move forward on a lending program, sources familiar with the matter said on Thursday. The African country in January became the first country to request a restructuring of its external debt of $3 billion under a common framework agreed last year by China and other Group of 20 members

The dependency from fossil fuels

China rust- belt province warns of more shortages in energy crisis

Beijing - The largest provincial economy in China's northeast rust belt on Monday warned of worsening power shortages despite government efforts to boost coal supply and manage electricity use in a post-pandemic energy crisis hitting multiple countries

Supply's shortage

Samsung Electronics close to finalising $17 bln Texas chip plant

Seoul - Samsung Electronics is close to finalising the construction of a $17 billion semiconductor factory in Williamson County in the U.S. state of Texas, three people with knowledge of the matter said. Samsung told that it is continuing due diligence in multiple locations, and that it has yet to make a decision. The factory will make advanced logic semiconductor chips and is likely to create about 1,800 jobs

As crunch bites

China seeks to calm power supply fears

Beijing - China's all-powerful economic planning agency waded into the country's power crunch on Wednesday, attempting to reassure residents and businesses in areas hardest hit by shortages that it has the coal use and supply situation under close watch

China says Taiwan sugar, wax apples have pests

Taiwan threatens to take China to WTO in new spat over fruit

Taipei - Taiwan threatened to take China to the World Trade Organization on Sunday after Beijing said it would suspend sugar apple and wax apple imports from the island on pest concerns, in the latest spat between the two over fruit. Relations between Taipei and Beijing, which claims democratically ruled Taiwan as its own territory, are at their lowest in decades, with China increasing political and military pressure to get the island to accept its sovereignty

After contract deal

Strike threat lifted at BHP's Cerro Colorado mine

Santiago - A union at Chile's Cerro Colorado copper mine in Chile has struck a collective contract deal with mine operators BHP after five days of government-led mediation, the company said on Saturday in a statement

In the first half 2021

S. Africa says mine deaths rose 33%

Johannesburg - South Africa's mines recorded 32 deaths in the first half of 2021 compared with 24 during the same period in 2020, the mines ministry said on Thursday, continuing a spike in deaths which began last year in some of the world's deepest mines

As borders stay closed

N. Korea's currency, commodity markets in turmoil

Seoul - Currency exchange rates and commodity prices appear to be wildly fluctuating in North Korea as a resumption in major trade with China hasn't materialised, increasing the hardship for residents facing food shortages

while more downpours were needed in other regions

Above-average rainfall supports Ivory Coast mid-crop cocoa

Abidjan - Above-average rains last week in Ivory Coast's central cocoa-growing regions will help the development of the last stage of the mid-crop while more downpours were needed in other regions, farmers said on Monday

Local buying target of 1.2 mln tonnes unrealistic

Syrian drought puts Assad's 'year of wheat' in peril

Amman - The "year of wheat" campaign pushed by Syrian President Bashar al-Assad is in jeopardy after low rainfall risked leaving an import gap of at least 1.5 million tonnes, according to preliminary estimates by officials and experts. The agricultural blow and lack of funds to finance the imports will add to pressure on a Syrian economy already reeling from 10 years of conflict and buckling under the pressure of U.S. sanctions

Chinese firms at risk

Peru's Castillo has copper tax deals in his sights

Lima - Peru's presidential front-runner is taking aim at copper mining firms' coveted tax stability agreements that freeze tariffs, and the plan could have an outsized impact on Chinese miners in the world's No. 2 producer of the red metal. Socialist candidate Pedro Castillo, the narrow favorite to win Sunday's run-off vote, has proposed new royalties on mineral sales and has floated a plan to renegotiate long-standing tax deals struck under previous governments

Worth 12 billion dollars

TSMC says has begun construction at its Arizona chip factory site

London - Taiwan Semiconductor Manufacturing (TSMC) has started construction at a site in Arizona where it plans to spend $12 billion to build a computer chip factory, its chief executive said on Tuesday. Speaking at the company's annual technology presentation to clients and investors, held online for the second straight year because of the pandemic, CEO C.C. Wei said the planned factory remains on track to start volume production of chips

A year after cave destruction

Aboriginal group seeks to strengthen ties with Rio

Melbourne - The Aboriginal group whose sacred rock shelters Rio Tinto destroyed in Western Australia last year for an iron ore mine said it was committed to improving its relationship with the miner to ensure such desecration never happens again

Via crowdsourcing

BHP, Rio, Vale launch contest to cut haul truck emissions

Melbourne - The world's top three iron ore miners on Thursday launched a competition to crowdsource efficient ways to deliver power to battery-electric haulage truck fleets as they strive to cut greenhouse gas emissions


Carbon pricing - markets, taxes or regulation?

London - The cost of EU emissions allowances has doubled over the last two years, which is likely to renew debate over the relative merits of market-based and tax-based approaches to pricing carbon dioxide emissions

The top presidential candidate

Peru, Castillo vows to curb foreign firms "looting" mining wealth

Lima - Peruvian presidential election front-runner, socialist Pedro Castillo, said on Saturday he would, if elected, review contracts with foreign miners in the copper-rich country and seal a deal for Russia's Sputnik V vaccine. Castillo leads in the polls ahead of a run-off vote on June 6 against right-wing opponent Keiko Fujimori

As deluge shuts rails, slows port

Australian coal exports disrupted

Melbourne - Coal deliveries to Australia's Port of Newcastle, the world's biggest coal export port, have been halted because flooding in the Hunter Valley region has shut rail lines, with heavy rains also slowing ship movements at the port. Heavy rains along Australia's east coast over several days have caused the worst flooding in half a century

In 2021

WFP to procure 200,000 tonnes of wheat for Sudan

Khartoum - The World Food Programme will procure 200,000 tonnes of wheat for Sudan in 2021, in the second year of a programme that allows the country to help prevent shortages while preserving precious foreign currency reserves, a WFP official told Reuters. The system agreed with the WFP last year allows Sudan to reimburse the organization for the wheat in local currency, and aims to help reduce the impact of frequent shortages of wheat

The African country's information minister said

Zimbabwe says China's Tsingshan to build iron ore mine, steel plant from May

Harare - China's Tsingshan Holding Group is set to start developing an iron ore mine and a carbon steel plant in Zimbabwe from May, the African country's information minister said late on Tuesday, three years after the firm first announced the investment deal

Reports record profit

Malaysia's Top Glove says no systemic forced labour found at firm

Kuala Lumpur - Top Glove said an independent consultant has found there is "no longer" any indication of systemic forced labour at the world's largest medical glove maker after it took steps to address U.S. allegations of such practices. The firm announced the findings on Tuesday as it posted a fourth consecutive quarter of record profit

As coronavirus deaths spike

Peru slammed by oxygen shortage

Lima - The death toll in Peru continued to mount on Friday as a relentless second wave of the coronavirus left many hospitals short of oxygen for critical patients even as daily infections continued to climb. In Lima, long lines snake down city blocks as friends and relatives seek to snatch up the last remaining bottled oxygen available in the capital

China punishing Australia's call for COVID-19 inquest

Africa's miners and winemakers toast China's row with Australia

Cape Town - For South African winemaker Vergenoegd Löw, the pandemic could have been a disaster but a bitter trade war between China and Australia has thrown the 325-year-old estate a lifeline. Bottles of its reds, whites and roses piled up when South Africa banned alcohol sales under a strict lockdown and visitors who once flocked to the vineyard near Cape Town to sip wine and snap photos of its famed Indian Runner ducks vanished

As farm protests widen

Tractors, trucks block India's roads

Kundli - Thousands of farmers across India blocked roads on Saturday with makeshift tents, tractors, trucks and boulders to pressure the government to roll back agricultural reforms that have triggered months-long protests. While the initial protests were started by rice and wheat growers from northern India who camped out on the outskirts of New Delhi, demonstrations have spread across the country

Jakarta increasing share of palm oil in biodiesel

Indonesia's palm oil-powered "green diesel" fuels threat to forests

Kuala Lumpur - Indonesia's ambitious biodiesel programme will increase the risks of deforestation as more tropical forest could be cleared to grow palm oil, environmentalists have warned, urging policymakers to implement a long-term ban on new plantations. Indonesia - which is home to the world's third-largest tropical forests but is also its biggest producer of palm oil - has steadily increased the portion in its biodiesel mandate derived from palm oil

Global prices rise

Russia plans to raise wheat export tax from March 1

Moscow - Russia, one of the world's largest wheat exporters, plans to impose a higher export tax on wheat from March 1, its economy minister said on Friday, in another push to curb a rise in domestic food prices triggered by the COVID-19 crisis. Wheat prices in Chicago and Paris jumped after the proposal, which the Russian government has yet to sign

The dispute

Ivory Coast says Hershey cocoa beans deal could derail farmer income scheme

Abidjan - U.S. chocolate maker Hershey's move to buy cheap beans from the New York futures exchange is an attempt to derail plans by Ivory Coast and Ghana to increase farmers' income, the Ivorian cocoa regulator alleged in a letter seen by Reuters on Wednesday. Ivory Coast and Ghana, the world's top producers, are expected to sell their first full cocoa crop this season under a new scheme that includes a price premium of $400 per tonne

Due to political crisis

Ivory Coast cocoa port arrivals plunge

Abidjan - Cocoa arrivals at ports in Ivory Coast tumbled this week due to a violent political standoff following a disputed presidential election in the world's top growing nation. The delivery of cocoa beans to Abidjan and San Pedro ports between Monday and Wednesday were estimated 29,000 tonnes

As Adriatic Metals digs in

Bosnia's mountain minerals offer hope / FOCUS

Vares - In a remote mountain town with a history of mining that dates from Roman times, hopes are high that British mineral company Adriatic Metals will bring jobs and spur some of the economic revival Bosnia craves. Foreign direct investment in the country had already fallen as bureaucracy deterred investors. In the first half of this year, it was down nearly 50% compared with a year ago as the pandemic paralysed economic activity

New businesses

Spice is right as Indonesian startups eye value in vanilla / REPORTAGE

Jakarta - Indonesian Sofa Arbiyanto had a manufacturing job in South Korea two years ago when he learned about the high price of vanilla on the global market, and decided to try his luck at growing it. Now he has 2,000 vanilla vines on a 1,200-sq-metre (0.3-acre) farm in Blora, Central Java, started after he did some internet research and joined online groups of vanilla farmers

Post Covid-19

Iron ore, Rio Tinto sees China demand recovery

Rio Tinto on Friday reported a 1.5% rise in iron ore shipments for the second quarter and said demand for the steelmaking ingredient was improving in China as its economy recovers from the coronavirus outbreak


China's export slump to ease in June

The slump in China’s exports likely eased in June as some countries reopened their economies, while imports contracted less sharply on higher crude oil and commodities purchases, a Reuters poll shows


“Made in Italy loses 20% in US market as result of tariffs”

Coldiretti reports. The benefit from the situation is for the lobby linked to the US dairy industry (CCFN) which has explicitly asked with a letter to impose taxes on imports of European cheeses to favor the fake Made in Italy industry and force the Union European to open the borders to the fake Italian food made in US


SGM celebrates 10 years of change

Genoa - From wholesale food market to a centre for advanced logistics services: 10 years after its move from the city centre to the area of Bolzaneto, the fruit and vegetable market of Genoa, managed by SGM (Società Gestione Mercato), opens its doors to the public. The opening will be on Saturday, 14 September Genoa


Merkel’s Bavarian allies snub her coal exit plan

Berlin - Conservative Chancellor Angela Merkel’s Bavarian allies have called for Germany to phase out coal by 2030 but the government has insisted on keeping its 2038 target, in the latest sign of strain within her coalition.


U.S. Supreme Court turns away challenge to Trump steel tariffs

Washington - The U.S. Supreme Court on Monday turned away a challenge to President Donald Trump’s tariffs on imported steel brought by an industry group that argued that a key part of the law under which he imposed the duties violates the U.S. Constitution.


U.S. farmers experimenting with hemp as China trade war drags on

Washington - A cousin of cannabis plants that produce marijuana, hemp is used in products ranging from food to building materials and cannabidiol, or CBD oil, which is being touted as a treatment for everything from sleeplessness to acne to heart disease.


China’s May coal imports climb 8.6% from month before

Beijing - China’s May coal imports rose 8.6% from the month before to 27.47 million tonnes, customs data showed on Monday, the highest level since January as power utilities boosted purchases ahead of summer.


Malaysia to send back plastic waste to foreign nations / GALLERY

Port Klang - Malaysia will send back some 3,300 tons of non-recyclable plastic waste to countries such as the U.S., U.K., Canada and Australia in a move to avoid becoming a dumping ground for rich nations, Environment Minister Yeo Bee Yin said Tuesday


Ukraine says martial law not affecting Azov Sea grain exports

Kiev - The imposition of martial law is not affecting Ukrainian grain shipments from ports on the Azov Sea so far and if necessary they can be diverted to the Black Sea, Ukraine’s acting agriculture minister says. More broadly, the prospects for grain exports from the Azov Sea are unclear at this point


US says India paid bigger cotton subsidies than WTO allows

Geneva - The U.S. assessment of India’s market price support (MPS) for cotton said New Delhi was allowed to pay out up to 10 percent of the value of production, but the actual figure had ranged from 53 percent to 81 percent since 2010.


Bosnia police detain coke plant manager after environmental breaches

Sarajevo - Bosnia’s regional police on Friday detained the general manager of the Balkans’ leading metallurgical coke producer Global Ispat Koksna Industrija Lukavac (GIKIL) which was ordered to halt operations the previous day accused of environmental negligence.


Israel seeks re-tender of mining rights into Dead Sea / GALLERY

Ein Bokek - The Dead Sea is shrinking at the rate of about a meter a year, leaving behind deserted beaches and sinkholes in a slow-motion environmental disaster. The main culprit is the drying up of the Jordan river, its main tributary, as communities upstream draw on it for farming and drinking


Qatar’s food giant invests $500 mln in Sudan

Doha - Qatar’s Hassad Food has announced its plan to invest 500 million U.S. dollarsin the agricultural and food sector in Sudan over the next three years. The announcement came after Hassad, the wholly owned subsidiary of Qatar Investment Authority, signed a mutual agreement with a Sudanese company


Di Maio: «I’ll explore Ilva plan in depth»

Rome - Meetings continue to be positive, the minister is listening to everyone, but there is still no solution for the future of ILVA and one will not come soon. The Deputy Prime Minister himself, Luigi Di Maio, made this clear when he announced further work is needed


French farmers to stage refinery blockade

Paris - French farmers will start a blockade of oil refineries and fuel depots on Sunday evening in protest at plans by Total to use imported palm oil at a biofuel facility, a move that has fanned farmer discontent over unfair competition


Trade rows spell gain, and pain, for U.S. grain exporters

Chicago - Global grain marketers have seized upon trade tensions between the United States and several of its top export markets, including China, to turn around struggling trading units following one of the toughest years ever for the industry.


Metals and sugar face freight rate surge

Paris - Dry bulk freight rates for the smaller sizes of ship are likely to rise significantly over the next three years as demand is expected to outstrip supply, a shipping analyst said Thursday. New orders for Handysize, Handymax and Supramax vessels were at extremely low levels


Oil, gold to gain on Syrian strikes

London - Gold and oil will extend their gains on Monday, albeit modestly, when the markets open for the first time since Western powers launched a missile attack on Syria but equities and bonds are unlikely to suffer big losses unless the West strikes again or Russia retaliates


China steel exports may fall further in 2018

Beijing - Chinese exports of steel products may continue to fall this year due to strong domestic demand and reductions in capacity due to environmental commitments, the chairman of state-owned mill Fujian Sangang Group said.


Acquisition by Italmatch

Genova - Italmatch Chemicals(€400 million in revenue and six production plants in Europe) acquired the Jiayou Chemical Company, which is active in the production and sale of phosphonate additives, from the Ecolab Group, a world leader in technologies and services for water, hygiene and energy


Orsero, Ebitda reached 31 million euro

Savona - The Board of Directors of the Orsero Group has conducted a reviewof its consolidated financial data at 31 December 2017, with the aim of presenting a financial picture following the acquisition of all the remaining subscribed capital from firms Hermanos Fernández López, Fruttital Firenze and Galandi


Aferpi: sale date postponed as Jindal stalls

Piombino - Jindal drags its feet, and the sale of Algerian owned Inferpi steel, based in Piombino, remains on hold. Following the announcement of what seemed like a done deal for the sale of the steel mill on part of Algeria-based Cevital to India’s Jindal


ILVA: government protects Cornigliano plant

Genoa - ILVA’s Genoa workers have been recognised by the company’s Programme Agreement, in which one of the binding points is a guarantee of upholding employment levels in exchange for the concession of 1.2 million sqm of land to ILVA’s holding company.


Glencore bets big on car battery metals

London - Glencore has increased production of the metals used to make electric car batteries faster than its major mining rivals, according to an industry-wide analysis that shows the scale of a strategy that has big prospective risks and rewards


“3M: five companies interested in acquisition”

Predosa - Production will not stop on 30 November. That date has been put back to 15 December; however, a buyer has yet to be found. The fate of the 42 workers at 3M, formerly Grafoplast in Predosa, the leading company in the production of electric wire markers, is still hanging by a thread


Mittal to bring ILVA research centre to Genoa

Genova - The business plan will be unveiled -and discussed - next Thursday, but AM Investco Italy’s (Arcelor Mittal and Marcegaglia’s) plan to set up a research centre in Taranto is well known. Even to the unions. So the Genoese secretaries of UILM and FIM CISL are now asking for the centre to be built in Genoa


Genoa, a drug trafficking destination

Genova - The ship’s course, as recorded in the logbook aboard the container vessel seized by Italy’s Finance Police in the port of Gioia Tauro, was pretty accurate. From Calabria, in a matter of a few hours, the ship carrying the Tramadol cargo, known also as “the fighter drug”, would have sailed straight to Genoa


ILVA: Calenda and Region clash

Genoa - Tense times for ‘Made in Italy’ steel. There is no shortage of complications from Taranto to Piombino.


ILVA: 4,000 redundancies, 10,000 remain

Genova - The dispute over Ilva has been burning hotter since the controlled bankruptcyat the Italian steel group which was once owned by the Riva family. Nowadays the facility belongs to the chain Am InvestCo, controlled by the Franco-Indian ArcelorMittal Group


“ArcelorMittal is ignoring trade unions”

Genova - As negotiations on the layoffs announced by Am Investco in connection with the acquisition of Ilva S.p.A. are likely to start on October 9, tensions are rising at the union. Fiom Cgil union expressed its concern for “the picture that emerged at a Paris meeting of the Governing Board of the Industries


Ferrero research centre opens in Manhattan

Alba - New York will soon get another jewel of Italian excellence.In September Ferrero plans to bring its open innovation science division to Cornell University’s Roosevelt Island campus, nestled in the East River, between Manhattan and Queens


U.S. trade envoy Lighthizer says NAFTA has “failed” Americans

Washington - “We need to ensure that the huge trade deficits do not continue and we have balance and reciprocity. This should be periodically reviewed,” Lighthizer said in opening remarks at NAFTA negotiations in Washington.


Traceability to protect “Made in Italy” brand

Rome - When you speak with those who carry out the food inspections,the answer is always the same: if the product is Italian you can be sure. Of course, there is always an exception, one finds producers who do things that are wrong, but it is precisely that, an exception to the rule


Insecticide in eggs: seizures in Emilia Romagna

Bologna - The omelettes were made in the Netherlands and Belgium. But the contaminated dishes may have ended up on tables in 15 countries, including Italy. The danger goes by a name that is difficult to pronounce: it is called “Fluocyanobenpyrazole”, and it is the most important ingredient in a deadly insecticide


U.S. coal exports soar, in boost to Trump energy agenda, data shows

London - . The increased shipments came as the European Union and other U.S. allies heaped criticism on the Trump administration for its rejection of the Paris Climate Accord, a deal agreed by nearly 200 countries to cut carbon emissions from the burning of fossil fuels like coal.