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Thursday, 12 July 12
SOUTHGOBI RESOURCES ANNOUNCES NOTICE OF INVESTMENT DISPUTE FILED AGAINST MONGOLIAN GOVERNMENT
Press Release - SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) (“SouthGobi”) announced today that SGQ Coal Investment Pte. Ltd., a wholly owned subsidiary of SouthGobi that owns the Company’s Mongolian operating subsidiary SouthGobi Sands LLC (“SGS”), has filed a Notice of Investment Dispute on the Mongolian Government pursuant to the Bilateral Investment Treaty (“BIT”) between Singapore and Mongolia. The Company has filed the Notice of Investment Dispute following a determination by management that they have exhausted all other possible means to resolve an ongoing investment dispute between SGS and the Mongolian authorities.
The Notice of Investment Dispute consists of, but is not limited to, the failure by the Mineral Resources Authority of Mongolia to execute the pre-mining agreements (“PMAs”) associated with certain exploration licenses of the Company pursuant to which valid PMA applications had been lodged in 2011. The areas covered by the valid PMA applications include the resource known as Zag Suuj and certain areas associated with the broader Soumber Deposit.
The Notice of Investment Dispute triggers the dispute resolution process under the BIT whereby the Mongolian Government has a six-month cure period from the date of receipt of the notice to satisfactorily resolve the dispute through negotiations. If the negotiations are not successful, the Company will be entitled to commence conciliation/arbitration proceedings under the auspices of the International Centre for Settlement of Investment Disputes (“ICSID”) pursuant to the BIT. However in the event that the Mongolian Government fails to negotiate, ICSID arbitration proceedings may be accelerated before the six (6) months have expired.
About SouthGobi Resources
SouthGobi Resources is focused on exploration and development of its Permian-age metallurgical and thermal coal deposits in Mongolia’s South Gobi Region. The company’s flagship coal mine, Ovoot Tolgoi, is producing and selling coal to customers in China. The company plans to supply a wide range of coal products to markets in Asia.
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Monday, 24 June 24
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Friday, 14 June 24
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Friday, 14 June 24
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Thursday, 13 June 24
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- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- Bangladesh Power Developement Board
- Borneo Indobara - Indonesia
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Semirara Mining Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- Georgia Ports Authority, United States
- Alfred C Toepfer International GmbH - Germany
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Latin American Coal - Colombia
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- Singapore Mercantile Exchange
- Mjunction Services Limited - India
- Straits Asia Resources Limited - Singapore
- Anglo American - United Kingdom
- Altura Mining Limited, Indonesia
- Agrawal Coal Company - India
- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- Mercator Lines Limited - India
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Parry Sugars Refinery, India
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- Kepco SPC Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Timah Investasi Mineral - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Makarim & Taira - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Manunggal Multi Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Orica Mining Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- PNOC Exploration Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Global Business Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Bharathi Cement Corporation - India
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coastal Gujarat Power Limited - India
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- SN Aboitiz Power Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- Siam City Cement - Thailand
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PowerSource Philippines DevCo
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Madhucon Powers Ltd - India
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Tamil Nadu electricity Board
- Deloitte Consulting - India
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- IEA Clean Coal Centre - UK
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- India Bulls Power Limited - India
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- The State Trading Corporation of India Ltd
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- Renaissance Capital - South Africa
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
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- Kartika Selabumi Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Tata Chemicals Ltd - India
- Global Green Power PLC Corporation, Philippines
- Central Java Power - Indonesia
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- TeaM Sual Corporation - Philippines
- Coal and Oil Company - UAE
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- Jaiprakash Power Ventures ltd
- Petron Corporation, Philippines
- The University of Queensland
- Australian Coal Association
- White Energy Company Limited
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- Aditya Birla Group - India
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- Romanian Commodities Exchange
- Posco Energy - South Korea
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
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