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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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Friday, 22 March 24
INDONESIA APPROVES 922.14 MLN T COAL PRODUCTION QUOTA FOR 2024, ABOVE TARGET - REUTERS
Indonesia has approved coal production quotas totalling 922.14 million metric tons for 2024, Bambang Suswantono, a senior official at the mining mi ...
Friday, 22 March 24
CHINA COAL INDUSTRY GROUP EXPECTS OUTPUT GROWTH TO SLOW IN 2024 - REUTERS
China’s coal output is expected to increase 36 million metric tons, or 0.8%, to about 4.7 billion tonnes in 2024, a Chinese coal industry gro ...
Monday, 18 March 24
THREE KEY TAKEAWAYS FROM OUR EUROPE GAS MARKETS SHORT-TERM OUTLOOK Q1 2024 - WOOD MACKENZIE
European gas prices are currently back to pre-crisis levels, but with a complex series of factors affecting future supply and demand, are they set ...
Wednesday, 06 March 24
INDONESIA AIMS TO FINISH MINING OUTPUT QUOTAS APPROVAL BY END-MARCH, OFFICIAL SAYS - REUTERS
Indonesia’s has approved the mining production quotarequests from more than 120mineral companies and aims to complete the approval process th ...
Monday, 04 March 24
IS YOUR GUARANTEE A GUARANTEE? NOTE TO SHIPOWNERS - GARD
KNOWLEDGE TO ELEVATE
The law of guarantees is not always obvious or easy to understand without proper guidance. This article clarifies the dif ...
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- Coal and Oil Company - UAE
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Eastern Energy - Thailand
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Africa Commodities Group - South Africa
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- Australian Coal Association
- Central Java Power - Indonesia
- Parry Sugars Refinery, India
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- PTC India Limited - India
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- Anglo American - United Kingdom
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- Marubeni Corporation - India
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- Holcim Trading Pte Ltd - Singapore
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Planning Commission, India
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Sarangani Energy Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Australian Commodity Traders Exchange
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- The University of Queensland
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- Latin American Coal - Colombia
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Bulk Trading Sa - Switzerland
- India Bulls Power Limited - India
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Coastal Gujarat Power Limited - India
- ICICI Bank Limited - India
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- Globalindo Alam Lestari - Indonesia
- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Commonwealth Bank - Australia
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- Kaltim Prima Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- SMC Global Power, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Ministry of Transport, Egypt
- Economic Council, Georgia
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- Metalloyd Limited - United Kingdom
- Rio Tinto Coal - Australia
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Tamil Nadu electricity Board
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- Uttam Galva Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- South Luzon Thermal Energy Corporation
- Semirara Mining Corp, Philippines
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- Sree Jayajothi Cements Limited - India
- Ambuja Cements Ltd - India
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
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