Tanzania and Kabanga Nickel strike deal to develop nickel project

Tanzania and Kabanga Nickel strike deal to develop nickel project

Tanzania and UK-based mining firm Kabanga Nickel Limited signed a framework agreement on Tuesday to jointly develop the Kabanga nickel project formerly owned by Barrick Gold and Glencore....
January 19, 2021 at 08:04 pm IST
Cash-strapped Zambia takes on $1.5 billion debt to buy Glencore copper mine

Cash-strapped Zambia takes on $1.5 billion debt to buy Glencore copper mine

Zambia's state mining investment arm ZCCM-IH has agreed to buy Glencore's majority stake in Mopani Copper Mines in a $1.5 billion deal funded by debt and will seek a new investor, the government said...
January 19, 2021 at 04:54 pm IST
Vedanta :  REFILE-Vedanta Resources settles Zambia copper mine pollution claim

Vedanta : REFILE-Vedanta Resources settles Zambia copper mine pollution claim

Vedanta Resources has agreed to settle all claims brought against it by Zambian villagers following alleged pollution by a copper mine run by Konkola Copper Mines Plc , Vedanta and law firm Leigh...
January 19, 2021 at 04:37 pm IST
Striking Ivory Coast cocoa growers threaten to block deliveries

Striking Ivory Coast cocoa growers threaten to block deliveries

Top cocoa producer Ivory Coast's largest growers' union called on its members on Monday to strike and threatened to block port deliveries in response to low prices and warehouse backlogs. ...
January 19, 2021 at 01:42 pm IST
Exclusive:  Indonesia, Malaysia eye joint campaign in Europe to counter palm oil critics

Exclusive: Indonesia, Malaysia eye joint campaign in Europe to counter palm oil critics

The world's top producers of palm oil, Indonesia and Malaysia, are looking to join forces for the first time to run an advocacy campaign in Europe, where increasingly tight regulations are threatening...
January 19, 2021 at 12:28 pm IST
Gold inches higher as U.S. dollar eases off one-month peak

Gold inches higher as U.S. dollar eases off one-month peak

Gold prices ticked up on Tuesday, off a 1-1/2-month low hit in the previous session, as the U.S. dollar slipped while prospects of further global stimulus underpinned the safe-haven metal....
January 19, 2021 at 12:08 pm IST
Software data shows freight groups avoiding UK, prices rising

Software data shows freight groups avoiding UK, prices rising

An increasing number of freight groups rejected contracts to move goods from France into Britain in the second week of January, while prices rose, according to data that shows the impact of Brexit and...
January 19, 2021 at 02:35 am IST
Gold recovers as U.S. stimulus hopes buoy appeal

Gold recovers as U.S. stimulus hopes buoy appeal

Gold inched away from a 1-1/2-month low touched earlier on Monday as expectations of additional fiscal stimulus in the United States buoyed bullion's appeal as an inflation hedge. Spot gold ...
January 18, 2021 at 08:41 pm IST
Ivory Coast cocoa exports hit hard by COVID-19 second wave -CCC

Ivory Coast cocoa exports hit hard by COVID-19 second wave -CCC

The second wave of the global coronavirus pandemic has hit Ivory Coast's cocoa trading and exports hard, dashing hopes of an early recovery from the first wave, the director of the country's cocoa...
January 18, 2021 at 07:43 pm IST
Ghana 2020/21 G&S cocoa arrivals up 2.2% from last season -COCOBOD

Ghana 2020/21 G&S cocoa arrivals up 2.2% from last season -COCOBOD

Ghana's graded and sealed cocoa arrivals stood at 543,152 tonnes as of December 31 since the start of this year's harvest on Oct. 1, up from 531,000 tonnes the previous season, figures from Ghana's...
January 18, 2021 at 03:33 pm IST
Vedanta reopens Gamsberg zinc mine in South Africa

Vedanta reopens Gamsberg zinc mine in South Africa

Vedanta Zinc International said on Saturday that mining has started again at its Gamsberg mine in South Africa following a closure in November when the pit wall collapsed, trapping miners underground....
January 16, 2021 at 04:07 pm IST
Gold falls 1% as dollar accelerates rally

Gold falls 1% as dollar accelerates rally

Gold prices slumped more than 1% on Friday and the metal was heading for a second straight weekly drop as the dollar continued its upturn, overshadowing bullion's appeal as an inflation hedge as the...
January 15, 2021 at 09:56 pm IST
Indonesia's Pertamina conducts trials on 100% palm oil biodiesel and jet fuel

Indonesia's Pertamina conducts trials on 100% palm oil biodiesel and jet fuel

Indonesia's state energy company PT Pertamina said on Friday it had started trials on diesel made entirely out of palm oil at its Cilacap refinery on Java island after conducting trials on jet fuel...
January 15, 2021 at 09:34 am IST
Oil prices climb on Chinese data, dollar weakness

Oil prices climb on Chinese data, dollar weakness

Oil prices edged higher on Thursday, boosted by a weak dollar and bullish signals from Chinese import data but pressured by renewed worries about global oil demand due to surging coronavirus cases in...
January 15, 2021 at 06:22 am IST
Gold ticks higher as weak U.S. data boosts stimulus bets

Gold ticks higher as weak U.S. data boosts stimulus bets

Gold edged up in choppy trade on Thursday as data showing a weak U.S. labor market bolstered bets for more government stimulus, buoying bullion's appeal as an inflation hedge and countering pressure...
January 14, 2021 at 10:02 pm IST
Acerinox S A :  EU escalates WTO case against Indonesia over export curbs

Acerinox S A : EU escalates WTO case against Indonesia over export curbs

The European Union escalated its challenge at the World Trade Organization on Thursday over Indonesia's export ban on nickel ore by requesting the Geneva-based trade body form a panel to adjudicate on...
January 14, 2021 at 09:20 pm IST
India's December palm oil imports jump 4% on duty cut, trade body says

India's December palm oil imports jump 4% on duty cut, trade body says

India's palm oil imports rose 4% in December from a year earlier, as reduction in the import tax prompted refiners to increase purchases of the edible oil, while soyoil imports doubled, a leading...
January 14, 2021 at 04:21 pm IST
Barry Callebaut :  Ivory Coast faces 100,000-tonne cocoa bean pile-up as demand slows

Barry Callebaut : Ivory Coast faces 100,000-tonne cocoa bean pile-up as demand slows

A pandemic-induced slowdown in global chocolate demand has led to a pile-up of about 100,000 tonnes of cocoa beans in Ivory Coast's interior, five exporters told Reuters, as farmers struggle to get by...
January 13, 2021 at 10:56 pm IST
Gold firms as investors bet on more stimulus-led inflation

Gold firms as investors bet on more stimulus-led inflation

Gold eked out gains on Wednesday, underpinned by data showing a rise in consumer prices in the United States and expectations that more fiscal stimulus from a Joe Biden administration could trigger...
January 13, 2021 at 09:33 pm IST
Malaysia keeps February export duty at 8% for crude palm oil

Malaysia keeps February export duty at 8% for crude palm oil

Malaysia kept its export duty for crude palm oil at 8% for February, a circular on the Malaysian Palm Oil Board website showed on Tuesday....
January 13, 2021 at 01:24 pm IST