Sierra Leone has placed a 15 percent tax on exports of diamonds worth $500,000 or more, according to a government statement. This is the second time taxes on diamonds have been raised in as many months.
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CALGARY, Alberta, Jan 7 (Reuters) – Suncor Energy Inc (SU.TO: Quote, Profile, Research), Canada’s No. 1 oil sands producer, said on Thursday that repairs to a 175,000 barrel per day upgrading unit damaged in a fire last month are on schedule and
The British government auctioned 4,886,799 European Union carbon emissions permits at 12.15 euros ($17.45) a tonne, it said on Thursday.
Coalcorp Mining Inc (CCJ.TO), which has been struggling to repay debt, said on Thursday it agreed to sell its La Francia mine in Colombia and related assets to a Goldman Sachs Group (GS.N) unit in a deal worth $200 million.
The deal includes the sale of a majority stake in the Central-Asia-focused gold miner to a group of Chinese investors.
Inflation expectations in China are likely to increase this year in the face of ‘very loose’ monetary policy, said Morgan Stanley as it unveiled a weekly tracker of price pressures in the economy. Inflation probably accelerated to 1.6 percent in December
China will encourage both FDI utilizing and domestic companies’ overseas investment, said Zhang Xiaoqiang, vice minister of China’s National Development and Reform Commission (NDRC). Zhang noted that the opening up of monopolized industries in the
Daqin Railway, the major coal transportation railway line in northern of China, aimed to handle at least 380 million tonnes coal in 2010, growing 15 percent year on year, disclosed by an official from Daqin Railway Co. As coal production in Shanxi and
Europe and China increased their share of global clean energy investment over the U.S. last year as total venture capital spending declined 33 percent to about $5.6 billion, according to Cleantech Group and Deloitte LLP. More than 557 venture capital
China’s Zhejiang Sanhua Co. bought 30 percent of HelioFocus, helping the Israeli developer of solar- thermal equipment lower costs. The companies announced the $10.6 million investment today at the Weizmann Institute of Science in Rehovot, Israel, where
Solar power will be used to heat the inflight meals of up to 30,000 passengers as part of the Beijing municipal government’s 200 million yuan green energy plan. Li Zhen, assistant manager of the equipment maintenance department at Beijing Airport
Peru’s free trade agreement with China will go into effect on January 15, two weeks ahead of schedule, Trade Minister Martin Perez said Monday. The pact was signed in April and ratified last month. ‘In principle, we calculated the trade agreement would
China’s factories cranked up production in December on the back of bulging order books, but the strong demand also pushed prices higher and raised the spectre of inflation, according to a manufacturing survey. The HSBC purchasing manager index (PMI) rose
In 30 years the Chinese economy ‘will reach US$123 trillion,’ writes Robert Fogel, a Nobel laureate in economics and professor at the University of Chicago, in an article in the January issue of Foreign Policy magazine. This means China will account for
A high-ranking European Central Bank policy-maker attacked foreign-exchange policies in China and other Asian economies as a major cause for global imbalances, which could lead to new asset-price bubbles. ‘In China, the persistence of an undervalued
International Mining Machinery Ltd. (IMM), a Chinese mining equipment company, aims to raise about $500 million from a Hong Kong initial public offering by February, sources close to the deal told Reuters on Tuesday. IMM, backed by private equity firm
China’s power consumption rose 6 percent in 2009, the nation’s top economic planner said today. Power use climbed to 3.6 billion megawatt hours, the National Development and Reform Commission said in a statement on its Web site. The growth rate is 0.47
China, facing icy temperatures and heavy snowfall, shut 0.5 percent of its electricity-generating capacity as bad weather hampered coal deliveries to power plants. The world’s second-largest energy user took offline 4,780 megawatts of capacity linked to
China National Chemical Engineering opened 6.08 percent higher on its first day of trading on Thursday, kicking off a year of busy China IPOs, a weak debut for China stocks. The state-owned construction company opened at 5.76 yuan ($0.83), compared with
A frigid Siberian cold front gripping northern and central China has caused coal and power shortages as residents scramble to keep warm, state press reported Wednesday. Temperatures early Wednesday in Beijing fell to minus 16.7 degrees Celsius (two
The S&P/TSX composite index bounced off early lows as losses in mining stocks moderated and at late morning was down 70.8 points to 11,873.8. The decline snapped a five-session winning streak. The Canadian dollar was down 0.17 of a cent at 96.68 cents