Thanks to forex controls, Nigeria's economic reforms in strengthening agricultural sector is benefitting the palm oil industry and on course to meet targets for output growth.
A rare blue diamond that might fetch over £10 million when it is sold, and could break world records for its clarity, has been discovered in the same South African mine famous for 'Great Star of Africa' stone in Queen Elizabeth's sceptre. Blue diamonds are the most coveted in the world thanks to their rarity, and the Cullian mine is the most important source for them in the world.
A new report has revealed that the rice supply in at least 30 countries may have already been contaminated with genetically modified strains from US exports, thereby threatening worldwide contamination.
The near-term prospects for the global copper market are turning increasingly bearish, with a surplus of metal building quicker-than-expected with the three-months outlook cropped to $7,000/mt from $7,500/mt previously.
Ancient Roman structures that have withstood the elements for more than 2,000 years and has remained coherent against aggressive maritime environments are showing engineers how to make today’s concrete more durable and sustainable. The new engineering research says that the production of lime for Roman concrete is much cleaner, requiring temperatures that are two-thirds of that required for making Portland cement. What's the Ancient Romans' secret ingredient, yet not so secret, that science just discovered now? Volcanic ash.
Iran’s deputy Oil Minister Abdolhossein Bayat says Iran has two trump cards against new "illegal" sanctions by the US treasury against Iran petrochemical sector. Iran exported petrochemical products to more than 65 countries worldwide. During fiscal year ending in March 2013, Iran exported 16 millions of tons of petrochemical products worth of $ 12b. With wider marketing for our products, and taking new approaches, there will be no barriers in the way of exporting petrochemical products. In fact, hours after the US new illegal sanctions against Iran petrochemical sector, Iran’s deputy Oil Minister says the country signed their greatest contract for gas transfer.
The Ethiopian salt blocks, which were once used as a unit of money, are sold across Ethiopia, many of them to farmers to provide their animals with essential minerals. Ethiopia has the largest livestock population on the African continent. However, the tradition of hacking salt slabs from the earth’s crust and transporting them by camel is changing as a paved road is built across the northern Afar region.
Iran will leave the U.S. behind by the end of the current year to become the world’s third largest cement exporter, the Global Cement magazine wrote in its latest edition.