text stringlengths 348 8.58k | label int64 0 49 |
|---|---|
Canadian nickel giant Falconbridge Ltd has a growing appetite for expansion and is poised for growth through acquisition and exploration, the company's new chief executive officer said in an interview.
"The appetite of this company is much higher than what it used to be," Oyvind Hushovd told Reuters on Wednesday. "Falc... | 12 |
Everything old is new again in the ageing gold zone near Timmins in northern Ontario.
Exploration has exploded in the area, which has been mined since the early 1900s.
While most Canadian exploration companies are off making inroads in South America and Asia, a handful of innovative and optimistic junior companies are ... | 12 |
Weak metals prices will undermine third-quarter earnings for many North American metals producers, analysts surveyed by Reuters said.
"In most cases, we'll see they're going to be down, either year over year or quarter over quarter," said Manford Mallory, analyst for Research Capital. "Metal prices are down a long way ... | 12 |
The world's gold producers will likely pay dearly for the steep fall in the bullion price and the deep uncertainty overhanging the gold market.
If the bullion price weakness continues or worsens, gold miners face lower profits, money-losing operations, closed mines, slashed exploration budgets and plunging share prices... | 12 |
Canada's Bre-X Minerals Ltd could face a multi-billion-dollar lawsuit over the ownership of its spectacular Busang gold deposit in Indonesia.
The young Calgary-based company said Friday that one of its Indonesian partners, PT Krueng Gasui, threatened it and 19 others with legal action in Canadian courts, claiming damag... | 12 |
No final deal was in sight Wednesday for Bre-X Minerals Ltd. and Barrick Gold Corp., which are in the midst of forging a deal on one of the world's biggest gold deposits -- Indonesia's Busang.
As a Wednesday deadline slid by, Bre-X and Barrick said they were still trying to hammer out several issues, leaving the market... | 12 |
A chill swept through the Canadian village of Nain this month when a small plane carrying two mineral explorers disappeared in a snow squall.
Prospectors passing through the town near the huge Voisey's Bay nickel deposit, believed to be one of the largest in the world, spoke quietly about the missing men from Vancouver... | 12 |
The world potash market is churning, and Canada's huge Potash Corp of Saskatchewan Inc is in the middle of the upheaval.
Since Potash Corp, the world's biggest potash producer, said last week it had entered into talks to buy a controlling stake in a major European potash firm, its stock has zigzagged as the market come... | 12 |
Investors were on edge on Wednesday, anxiously awaiting the outcome of talks between Canada's Bre-X Minerals Ltd. and Barrick Gold Corp. aimed at forging a deal on Indonesia's huge Busang gold deposit.
As a Dec. 4 deadline slid by, Bre-X and Barrick said they were still trying to work out several issues, leaving the ma... | 12 |
Before the huge nickel, copper and cobalt deposits at Voisey's Bay were discovered two years ago, the mainly aboriginal population of Nain did not know much about mining.
But as hundreds of prospectors flooded their snug coastal village in the northern Canadian province of Labrador, the inhabitants figured they had bet... | 12 |
Canada's gold giant Placer Dome Inc said it is poised to become a more powerful player in the Asia-Pacific region with its late Wednesday US$600 million takeover bid for Highlands Gold Ltd and the rest of its subsidiary, Placer Pacific Ltd.
A takeover of Papua New Guinea's Highlands would make Placer the main company i... | 12 |
Inco Ltd's huge nickel, copper and cobalt property at Voisey's Bay in remote Labrador keeps getting bigger, with 11 drill rigs working around the clock to define three enormous deposits that promise to upset the world's metals markets.
"There are a couple hundred million tonnes for sure, close to proven," said Greg S... | 12 |
Falling gold prices have recently drained much of the life from the Toronto Stock Exchange's key gold index and analysts say the bloodletting may not be over.
"Gold stocks are still reflecting a $380 gold price, but look at the price now," said gold analyst Mike Jalonen at brokerage Midland Walwyn in Toronto. "It's awf... | 12 |
Bre-X Minerals Ltd's hold on the huge Busang gold deposit in Indonesia remained unclear Thursday after a string of statements from the company defending its rights to the find.
Calgary, Alberta-based Bre-X issued three news releases in as many hours early on Thursday about its grasp on Busang, worth at least $21 billio... | 12 |
The world's gold producers will likely pay dearly for the steep fall in the bullion price and the deep uncertainty overhanging the gold market.
If the bullion price weakness continues or worsens, gold miners face lower profits, money-losing operations, closed mines, slashed exploration budgets and plunging share prices... | 12 |
Bre-X Minerals Ltd. has been silent since it said last month that it formed a partnership with the son of the Indonesian ruler Suharto, a move that has worried shareholders and prompted regulators to seek more information.
Despite a whirl of rumours and persistent questions that have sent the Canadian mining company's ... | 12 |
The Indonesian gold bug is nibbling away at Inco Ltd, the world's biggest nickel company.
The company whose name has become synonymous with nickel is turning its sights to gold, copper and zinc exploration in Indonesia, Africa, Canada's Far North, Turkey and Brazil.
"Our target exploration area is Indonesia," Bob Horn,... | 12 |
Canada's Bre-X Minerals Ltd and Barrick Gold Corp are still trying to forge a joint venture to mine the spectacular Busang gold discovery in Indonesia, despite a cloud of uncertainty over the rights to the deposit Bre-X's chief executive David Walsh said.
Progress in the negotiations with Barrick is slow, Walsh told Re... | 12 |
Canadian nickel giant Falconbridge Ltd has a growing appetite for expansion and is poised for growth through acquisition and exploration, the company's new chief executive officer said in an interview.
"The appetite of this company is much higher than what it used to be," Oyvind Hushovd told Reuters on Wednesday. "Falc... | 12 |
Some of the world's most influential gold producers are upping the ante as a December 4 deadline edges closer for Canada's Bre-X Minerals Ltd to make a deal with gold giant Barrick Gold Corp.
At stake is the rich Busang gold deposit in Indonesia. New estimates released on Tuesday suggest the discovery contains more tha... | 12 |
The rights to Bre-X Minerals Ltd.'s huge Busang gold discovery in Indonesia appeared to be up in the air Monday despite an Indonesian government statement declaring Canada's Barrick Gold Corp. the winner.
"We still don't have a deal. There are a number of points that are still being negotiated," Bre-X spokesman Steve M... | 12 |
Inco Ltd's huge Voisey's Bay nickel deposit will help turn the company into a 750-million pound a year low-cost nickel producer by the year 2001, company executives said on Monday.
The new discovery will propel the company's growth by 86 percent over 1995 when Inco produced 403 million pounds of nickel, Inco chairman a... | 12 |
Canadian mining company Bre-X Minerals Ltd has been in hiding since it announced 17 days ago that it has formed a partnership with the son of Indonesian ruler Suharto, prompting a flurry of comment on its ethics. (Corrects description of Suharto.)
Despite a constant whirl of rumors and persistent questions that have se... | 12 |
North America's major gold companies are waging an expensive battle to win the coveted title of world's biggest gold producer.
"We want more of the action," said Hugh Leggatt, spokesman for Vancouver-based gold firm Placer Dome Inc.. "We want to be positioned in the industry as a bigger player."
Placer Dome has made a ... | 12 |
Poor metal prices hurt earnings at Canadian base metal miners in the third quarter, with profits down at Inco Ltd., Falconbridge Ltd. and Cominco Ltd.
Nickel giant Inco said on Monday its third-quarter profit fell to $29 million, or 19 cents a share, from $44 million or 33 cents a share a year earlier. The earnings per... | 12 |
Canada's Bre-X Minerals Ltd., moved on Monday to resolve a dispute over its huge Busang gold discovery in Indonesia, forging an alliance with a company controlled by the eldest son of Indonesia's President Suharto.
"This is an important first step to the resolution of Bre-X's problems," said gold analyst John Ing of Ma... | 12 |
Canadian gold giant Barrick Gold Corp is the most likely contender to partner junior mining company Bre-X Minerals Ltd in developing its huge Indonesian gold deposit, analysts polled by Reuters said.
"We really only have one potential front runner: Barrick," said gold analyst Barry Allan with Gordon Capital.
Barrick ha... | 12 |
North America's largest gold producer, Toronto-based Barrick Gold Corp, reported lower third-quarter earnings on Tuesday due to an after-tax charge and higher operating costs.
"I think their quarter clearly underscores that Barrick has made the transition from a growth company to one that's trying to maintain its exist... | 12 |
Bre-X Minerals Ltd. and Barrick Gold Corp. are trying to forge an alliance to mine the huge Busang gold deposit in Indonesia despite a cloud of uncertainty over the rights to the find, Bre-X's chief executive said Thursday.
But the negotiations with Barrick are progressing slowly, Bre-X Chief Executive Officer David Wa... | 12 |
Confusion whirled around Canada's Bre-X Minerals Ltd on Wednesday after Indonesia's mines minister said the government canceled parliamentary approval for Bre-X's application for essential contracts of work for the huge Busang gold deposit.
Bre-X asked that its stock be halted on the Toronto Stock Exchange on Wednesday... | 12 |
Everything old is new again in the aging gold zone near Timmins in Northern Ontario.
Exploration has exploded in the area, which has been mined since the early 1900s.
While most Canadian exploration companies are off making inroads in South America and Asia, a handful of innovative and optimistic junior companies are s... | 12 |
The fate of one of the world's most glittering gold finds landed back in the hands of the Indonesian government on Monday after two Canadian mining concerns said they finally agreed on a plan of joint development.
Canadian gold giant Barrick Gold Corp. and Bre-X Minerals Ltd. ended weeks of speculation on whether they ... | 12 |
The U.S. Environmental Protection Agency lost a bid on Tuesday to freeze shares in Inco Ltd. worth $152 million belonging to international mining financier Robert Friedland.
The EPA had said that Friedland should be held responsible for environmental problems at a former gold mine in Summitville, Colorado. It requested... | 12 |
Canada's Bre-X Minerals Ltd could face a multi-billion-dollar lawsuit over the ownership of its spectacular Busang gold deposit in Indonesia.
The young Calgary-based company said Friday that one of its Indonesian partners, PT Krueng Gasui, threatened it and 19 others with legal action in Canadian courts, claiming damag... | 12 |
Barrick Gold Corp. completed its C$1 billion takeover of the promising smaller exploration company Arequipa Resources Ltd. Tuesday, solidifying its position as the world's third biggest gold producer.
"We are pleased that Arequipa shareholders have chosen so overwhelmingly to accept this offer," Barrick Chairman Peter ... | 12 |
North America's largest gold producer, Barrick Gold Corp., is negotiating with Canada's Bre-X Minerals Ltd. to gain control of Bre-X's huge Busang gold discovery in Indonesia, the companies said Tuesday.
Acquiring a stake in Busang would set Barrick well on its way to becoming the world's biggest gold producer, industr... | 12 |
North America's largest gold producer, Toronto-based Barrick Gold Corp, reported lower third-quarter earnings on Tuesday due to an after-tax charge and higher operating costs.
Barrick's net income for the quarter fell to $21 million, or 6 cents a share, from $67.7 million, or 19 cents a share, in the same period a year... | 12 |
Gold giant Barrick Gold Corp. is negotiating with Canada's Bre-X Minerals Ltd. to gain control of Bre-X's huge Busang gold discovery in Indonesia, the two companies said on Tuesday.
The companies were negotiating under the "guidance" of the Indonesian government, which asked Bre-X to form a joint venture with Barrick, ... | 12 |
Major mining companies may have second thoughts about teaming up with Bre-X Minerals Ltd in its huge Indonesian gold discovery because of Bre-X's new strategic alliance, analysts said.
Bre-X announced this week an alliance with PT Panutan Duta, an Indonesian company controlled by Sigit Harjojudanto, the son of Presiden... | 12 |
Canada's Barrick Gold Corp seems poised to supplant two South African mining giants to become the world's biggest gold producer through an unprecedented deal which will give it a majority share in Indonesia's rich Busang gold discovery.
Barrick, whose high-profile board of directors includes a former U.S. President Geo... | 12 |
North America's major gold companies are waging an expensive battle to win the coveted title of world's biggest gold producer.
"We want more of the action," said Hugh Leggatt, spokesman for Vancouver-based gold firm Placer Dome Inc..
"We want to be positioned in the industry as a bigger player."
Placer Dome has made a ... | 12 |
Three Canadian mining companies are caught up in a quarrel over what do with the Petaquilla copper-gold project in Panama.
Adrian Resources Ltd, a Vancouver-based exploration company, Teck Corp, a big Vancouver-based miner, and troubled Toronto-based Inmet Mining Corp are partners in the deposit.
Adrian, which controls... | 12 |
Production at the huge nickel deposit at Voisey's Bay in remote Labrador is still years away, but already it risks falling behind schedule because of environmental concerns and pressure from aboriginal groups.
Inco Ltd, the Toronto-based nickel giant that won control over the spectacular nickel, copper and cobalt prope... | 12 |
Shareholders are troubled about negotiations between Barrick Gold Corp and Bre-X Minerals Ltd over the huge Busang gold deposit in Indonesia.
Some Bre-X shareholders are concerned they may be pushed into a bad deal; while some Barrick shareholders are worried they could emerge from any deal with a poor reputation.
"Sha... | 12 |
Consolidated Eurocan Ventures Ltd , a small Canadian mining exploration company, was poised to gain control of one of the world's largest unexplored copper-cobalt discoveries on Friday.
The Zaire government agreed to a deal with the Vancouver-based company backed by Geneva-based Swedish financier Adolf Lundin, spokesme... | 12 |
Investors with "exploration fever" have latched onto Black Swan Gold Mines Ltd, hoping drill results expected this week will line their pockets with paper profits.
"There certainly are rumors that the results they've got from their Brazilian exploration are going to be positive," said Fred Ketchen, senior vice-presiden... | 12 |
No final deal was in sight Wednesday for Bre-X Minerals Ltd. and Barrick Gold Corp., which are in the midst of forging a deal on one of the world's biggest gold deposits -- Indonesia's Busang.
As a Wednesday deadline slid by, Bre-X and Barrick said they were still trying to hammer out several issues, leaving the market... | 12 |
Canada's Trade Minister Art Eggleton is in good health and will leave Tuesday night for an international conference in Manila, despite being taken to hospital earlier Tuesday after he collapsed at a meeting here.
"The last thing I heard was he's still going to Manila," Eggleton's spokeswoman Elaine McArdle told Reuters... | 12 |
Some of the world's most influential gold producers are upping the ante as Wednesday's deadline edges closer for Canada's Bre-X Minerals Ltd. to make a deal with gold giant Barrick Gold Corp.
At stake is the rich Busang gold deposit in Indonesia. New estimates released Tuesday suggest the discovery contains more than 5... | 12 |
Royal Oak Mines Inc is reshaping its operations to concentrate on its low-cost gold deposits in the Timmins area and British Columbia, the company president said Wednesday.
"We have refocused our strategy to bring on very low-cost production," Peggy Witte said in an analysts' conference call. "It's very clear that's wh... | 12 |
Exporters have united to oppose an Ivorian government plan to make them liable for income tax owed and frequently unpaid by upcountry buyers, exporters said on Tuesday.
Tax laws approved by parliament in February allowed for deductions equivalent to about 7.5 percent of commission paid by exporters to agents buying coc... | 32 |
Unilever subsidiary Blohorn will overhaul palmoil plantations and nine factories recently bought from Ivory Coast, a senior Blohorn official said.
"The strategic issue for us was to win vertical control of raw supplies as there was a danger of others exporting for overseas revenue," group vice-president Martin Rushwort... | 32 |
Ivorian 1996/97 cocoa arrivals picked up in early January, pushing the total to 640,000-650,000 tonnes by January 13, analysts and exporters said.
This was still down on the 730,000 tonnes recorded by January 13 last year.
The 1996/97 figure includes 50,000 tonnes of arrivals in the first three weeks in October as the ... | 32 |
The Inter-African Coffee Organization (IACO) will focus on low world prices at its 1996/97 coffee season annual meeting in Abidjan on November 17-19, IACO's chief economist said on Friday.
"In spite of a world export programme the indicative robusta price is only at 73 cents per pound. This is too low," chief economist... | 32 |
Shipments of cocoa from Ivory Coast's main port of Abidjan are matching arrivals, leaving intact a standing stock of about 90,000 tonnes reported at the end of October, shipping sources said on Tuesday.
"The majority of transporters are shipping cocoa but some are still cautious as freight rates have not been agreed," ... | 32 |
A prolonged dry spell In Ivory Coast has stretched into the small rainy season, but its impact on mid-crop cocoa pod setting and main crop growth may not be clearer until later this year, crop and weather analysts said on Wednesday.
"The weather is very, very strange. We have a mixture of harmattan (hot, dry) condition... | 32 |
Foreign Minister Saleh Kebzabo defended Chad's new policy of summarily executing alleged criminals, saying it was justified because the country's courts systematically freed wrongdoers.
Human rights groups say scores of Chadians have already been executed by security forces, including 11 people shot in public on New Ye... | 32 |
Ivory Coast's 1996/97 coffee is likely to be well up on last season but rising volumes are bringing quality problems, regional buyers and exporters' agents said.
They expect coffee marketing, sluggish for the time of year, to pick up in February.
"There's a lot of coffee about but quality is poor," said one buyer based... | 32 |
African robusta producers will meet discuss to export limit quotas on February 26-27 after a January world agreement in Rio de Janeiro to shore up prices, Ivory Coast's Commodities Minister told Reuters on Friday.
Gauze, who is also chairman of the Interafrican Coffee Organisation, gave no venue details but said Africa... | 32 |
As Chad's odyssey to oil production from 2001 enters financing and tender stages, senior officials are asking for guarantees that benefits will trickle down to the impoverished population.
"I am afraid about the oil because the experience of other African countries shows that it is always mismanaged," Chad's Foreign Mi... | 32 |
Delegates to Ivory Coast's cocoa Consultative Committee focused on bean quality and marketing on Thursday, the mid-point of their review of industry reforms.
"I would prefer to get down to talking about cocoa quality and continuity of supply," Cacao Barry managing director Alain Leblond said before the second day of th... | 32 |
Rains ended abruptly throughout most of Ivory Coast in the second 10 days of December, allowing crops to dry after the extended rain, upcountry buyers and weather analysts say.
Weather data showed average rain down to 8mm from about 45 mm at the start of December, with little or no rain falling at six of eight stations... | 32 |
Bulk cocoa shipments from West Africa will more than double to 325,000 tonnes in 1996/97, solidifying a cost-cutting trend sparked by recent trial shipments, exporters and shippers said.
"West African shipments will reach at least 325,000 tonnes this year (1996/97)," said one trader, with most going to large Amsterdam-... | 32 |
Chad held much-delayed multi-party parliamentary elections on Sunday but there was little enthusiasm in the sprawling and volatile African nation for its fourth round of voting in less than a year.
Some polling stations in the capital opened late as voting materials were not ready for the scheduled 7 a.m. (0600 GMT) st... | 32 |
Demands for commodity auction rule changes to stop overbidding for cocoa export contracts will dominate talks in Abidjan next week on progress with Ivorian agriculture reforms, donor and industry delegates say.
"We are now ready to revisit the issue and the possibility of amending rules," a World Bank official told Reu... | 32 |
Sporadic rain showers up to the end of November have continued to water Ivory Coast's cocoa belt but mid-crop campaign prospects are not yet clear, say weather and crop analysts.
A weather front expected to bring hot dry weather southwards over the whole of Ivory Coast had backtracked to the country's northern border w... | 32 |
Cocoa producers broadly agree on output management and have struck a compromise to unite against use of non-cocoa fats in chocolate in the European Union while accepting the change in other markets, Ivory Coast's commodities minister said on Monday.
"Europeans are rich consumers who can afford to carry on buying pure c... | 32 |
Port arrivals of 1996/97 Ivorian cocoa ranged between 745-755,000 tonnes by January 27 compared to 800,000 tonnes in 1995/96 as exporters cut up-country buying for lack of storage space, industry sources and exporters say.
"There's cocoa all over the place," said one Abidjan exporter. "I have trucks waiting to unload b... | 32 |
Ivory Coast and other African coffee nations will hold talks with Vietnam on Tuesday on robusta output ahead of an emergency meeting of coffee producers in Rio de Janeiro on January 23, InterAfrican Coffee Organisation (IACO) officials said on Monday.
"The Vietnam meeting is a seminar to convince Vietnamese at the high... | 32 |
Cocoa arrivals in Ivory Coast at the start of the 1996/97 season are slower than normal with exporters awaiting financing and warehouses filling up at the main port, Abidjan, exporters and shipping sources say.
"There is a problem of finding space in the port," the head of the exporters' trade body, GEPEX, Rene Ekra, t... | 32 |
French chocolate manufacturer Cantalou will sign a deal by 1998 on building a cocoa processing plant in Ivory Coast, a Cantalou official said on Monday.
"There will be a signature by the end of this year," public relations manager Catherine Poirier told Reuters by telephone.
Cantalou said investment plans had not been ... | 32 |
Ivorian 1996/97 cocoa arrivals stood at 330,000 to 350,000 tonnes by early December, analysts and exporters said.
The December 7 figures were down from an estimated 410,000 tonnes by December 3 last year, but some analysts said a further 50,000 tonnes should be added to this year's figures for comparative purposes as t... | 32 |
Ivory Coast opened three days of cocoa sector reform talks on Wednesday aimed at fine-tuning donor-sponsored liberalisation policies, with bean quality high on the agenda.
"Liberalisation is about reducing the role of the state. We need less state but a better state," said Philippe Mian, president of Ivory Coast's Cons... | 32 |
Ivory Coast's 1996/97 coffee season has begun amid slow buying and reports of variable quality, industry sources said.
"SIFCA (the largest Ivorian buyer) has started buying, so we are likely to see others follow," said one large exporter. "You could say that marks the real start of the season."
Buying had been limited ... | 32 |
Ivory Coast's 1996/97 cocoa crop is likely to top one million tonnes after good January harvests and abundant flowering for the mid-crop (April-Sept), crop analysts and buyers say.
"The total crop will be at least one million tonnes," said one crop analyst returning from an upcountry tour of cocoa farms. "The flowers a... | 32 |
One of Ivory Coast's largest cocoa and coffee exporters, SIFCA, will appoint a liquidator for its loss making up-country buying subsidiary, SOGEPAG, but exporters and buyers say port arrivals will not be affected.
"Our cost calculations were wrong and farmers never really caught on to our new ideas," Pierre-Dominique B... | 32 |
Voters in Chad, who showed little apparent enthusiasm for Sunday's election to end their much-delayed transition to democracy, face a long wait before they know the shape of their new national assembly.
"Provisional results are set for January 15 and final results for January 25 after approval by the court of appeal," ... | 32 |
Port dues at Ivory Coast's main port of Abidjan will rise by up to 6.4 percent from January 1 to fund expansion projects, a government statement said.
Rates would increase by 6.3 percent for ships, 6.4 percent for container gantry cranes, 5.8 percent for containers and 2.5 percent for cargo and other items, it said.
Th... | 32 |
Ivory Coast must boost quality controls, improve farmer training and market different grades of cocoa separately, to retain its quality image, Netherlands Cocoa Association (NCV) head Louis Bensdorp said on Friday.
"Ivory Coast produces extremely good cocoa but somewhere along the line the bad 10 percent is bringing do... | 32 |
After years of war-induced poverty, gum arabic is offering drought-stricken Chad's rural poor a lifeline to the production plants of the world's food and beverage giants.
The name gum arabic may mean little to most people but the sticky acacia tree sap balls are a valued commodity in companies as diverse as Coca Cola C... | 32 |
Light rains in Ivory Coast after a dry start to January will help mid-crop (April-Sept) cocoa crop development, particularly if they extend into February, a crop analyst said on Thursday.
"We have seen around average rain levels for January so far but a little more now and in February would help," another local crop an... | 32 |
Ivory Coast might cut cocoa freight slightly for 1996/97 but a decision on rates is not likely to hold up shipments as it did last October, exporters and shipping lines said.
Shipments should start when export licences and finances are in place, they added.
"We have already written last year's (1995/96) rates into our ... | 32 |
Ivorian 1996/97 cocoa arrivals stood at around 390,000-410,000 tonnes by mid-December, after a slow start to the month, analysts and exporters say.
Exporters blamed a combination of crop profile and demand factors for the dip in December -- usually the strongest month.
The figures to December 16 were down from an estim... | 32 |
Chad's cotton monopoly Cotontchad is forecasting rises in output and processing capacity in the 1996/97 November-October season, thanks in part to higher world prices.
At the same time, it is looking to new markets in China and Russia to boost sales of what is currently the nation's main source of foreign exchange.
But... | 32 |
Delayed export financing is slowing Ivory Coast cocoa arrivals but shipments for existing contracts will continue ahead of an imminent government decision on licences and marketing rates, exporters and shipping sources said on Friday.
"The central bank has stopped backing private lenders," said one exporter. "Buying ac... | 32 |
African coffee producers will meet before the end of February to discuss implementation of world export cuts set in Brazil on January 23, Ivory Coast's commodities minister Guy-Alain Gauze told a news conference on Thursday.
"A meeting will be held by the end of February," said Gauze who is also chairman of the Interaf... | 32 |
Ivory Coast-based firms and new investors aim to boost local cocoa processing in 1996/97 but will not reach the country's 50 percent of production target by 2000, industry sources and analysts say.
"The 50 percent is usually understood to mean about 400,000 tonnes (beans) but we're still way off that," said a spokesman... | 32 |
Cocoa buyers in central Ivory Coast say their purchases are down by 30 percent from this time last year and expect the country's total 1996/97 cocoa output to be under 850,000 tonnes.
"The estimates have been too high. The crop will be about 800-850,000 tonnes for the whole year," said one buyer. Most other buyers in t... | 32 |
Ivory Coast's coffee industry faces more Caistab market reforms and fresh uncertainties over its returns in 1997, exporters and analysts said.
"The Caistab has a battle on its hands to keep farmers interested while meeting obligations to liberalise the sector to meet (World Bank) loan conditions," said one analyst. "Th... | 32 |
Europe's cocoa industry will shortly issue a draft contract document for increasingly popular loose-bean bulk cocoa shipment techniques, according to the head of the Dutch cocoa industry.
"We will put forward very shortly Netherlands Cocoa Association ideas on a bulk contract," Association Managing Director Louis Bensd... | 32 |
Shipments of cocoa from Ivory Coast's two main ports are estimated to have risen to around 120,000 tonnes by end-November but official figures would not be ready until later this month, shippers and exporters said.
"About 120-130,000 tonnes sounds right," said one. Others agreed and said Abidjan and San Pedro port stoc... | 32 |
An Ivory Coast liberalisation study focusing on quality, competition and less bureaucracy will be ready as planned by January 31, according to sources close to reforms.
"Four options have to be reviewed," said one source. "Price stability while making each year self-financing (with no carryovers between years) will be ... | 32 |
Ivory Coast will only market its midcrop cocoa (April-Sept) if world price levels are right, Ivory Coast Commodities Minister Guy-Alain Gauze said on Friday after a three-day cocoa sector review.
"We will market the midcrop if prices are right," he told Reuters at the end of a Consultative Committee cocoa review with I... | 32 |
Cocoa arrivals at Ivory Coast's ports this season could be 25 percent below last season's record 1.2 million tonne because of erratic weather and insect damage starting in July, buyers and exporters around San Pedro say.
They predict cumulative arrivals to the end of November of around 250,000 tonnes and of up to 300,0... | 32 |
Ivory Coast's 1996/97 coffee crop is set to return to the 250-300,000-tonne levels seen before farmers neglected their trees in the early 1990s, exporters and up-country buyers say.
Coffee output in 1995/96 was around 180,000 tonnes and experts see the increase as part of a new good-moderate-weak cycle that tends to do... | 32 |
Revisions to Ivory Coast's coffee and cocoa auction system have been finalised in line with donor loan conditions and need only government blessing to come into effect, donor sources and exporters say.
"It could be done in 12 hours if the government wanted it," one exporter told Reuters on Tuesday.
Talks with the World... | 32 |
Revised rules for Ivory Coast's electronic cocoa and coffee auction system have been agreed to stop overbidding, a source close to discussions on the issue said.
Changes agreed between marketing board Caistab, exporters and the World Bank were expected to be put in place but no date had been set.
"Bidders will be held ... | 32 |
Ivory Coast 1996/97 cocoa marketing season began on Thursday with the farm-gate price unchanged, the export tax lower, but confusion over freight rates.
Agriculture Minister Lambert Kouassi Konan told a news conference late on Wednesday that the farm-gate price would remain at 320 CFA francs per bagged kilo.
Kouassi ... | 32 |
Chad holds much-delayed parliamentary elections on Sunday with voters hoping that democratic reforms and oil development will bring a lasting end to sometimes bloody ethnic rivalry.
An estimated 300,000 nomads in the sprawling arid nation on the edge of the Sahara Desert started voting on Thursday, three days before th... | 32 |
Security forces in Chad have summarily executed scores of people since a November official decree sanctioned instant justice for criminals caught in the act, local human rights officials said on Friday.
A pregnant woman, streetchildren and supected thieves are among victims of public executions reported, but human righ... | 32 |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.