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

Column

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

Post-Covid

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