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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, 02 February 24
DRY BULK MARKET: THE DOWNWARD REVISION IN THE GROWTH OF CAPESIZE TONNE DAYS IN JANUARY WITH THE BCI DROPPING - MARIA BERTZELETOU
In the last week of January, the dry freight market sustained weakness in the Capesize segment, while the number of ballasters in the Southeast (SE ...
Friday, 02 February 24
COAL INDIA ACHIEVES NEARLY 80% OF ITS FY24 PRODUCTION TARGET IN TEN MONTHS - CNBCTV18
For the month of January, the company’s production grew by 9.1% from the same period last year to 78.4 Million Tonnes (MT), from 71.9 MT last ...
Thursday, 01 February 24
CHINA'S WIND, SOLAR CAPACITY TO OVERTAKE COAL IN 2024 - INDUSTRY BODY, REUTERS REPORTED
China’s installed wind and solar capacity is expected to overtake coal for the first time this year, according to industry forecasts.
&nb ...
Thursday, 01 February 24
ANTI-DEDUCTION CLAUSES: CAN A CHARTERER WITHHOLD HIRE WITHOUT AN OWNER'S CONSENT? - SKULD
KNOWLEDGE TO ELEVATE
Summary
In The Anna Dorothea, the Court found that where a charterparty provides that no deduction from hire may be m ...
Thursday, 01 February 24
INDIA REBUILDS COAL STOCKS TO ENSURE ELECTRIC RELIABILITY - REUTERS
India’s electricity supply is much more comfortable at the start of 2024 than in either 2023 or 2022 as coal production has ramped up and the ...
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- Manunggal Multi Energi - Indonesia
- Planning Commission, India
- Agrawal Coal Company - India
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
- Baramulti Group, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Vizag Seaport Private Limited - India
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Australian Commodity Traders Exchange
- Tamil Nadu electricity Board
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- Power Finance Corporation Ltd., India
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Commonwealth Bank - Australia
- Minerals Council of Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- SN Aboitiz Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- McConnell Dowell - Australia
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- Romanian Commodities Exchange
- CIMB Investment Bank - Malaysia
- Renaissance Capital - South Africa
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- Ministry of Mines - Canada
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- Sree Jayajothi Cements Limited - India
- Dalmia Cement Bharat India
- OPG Power Generation Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- Petron Corporation, Philippines
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- Neyveli Lignite Corporation Ltd, - India
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- Independent Power Producers Association of India
- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- White Energy Company Limited
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Sakthi Sugars Limited - India
- India Bulls Power Limited - India
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
- San Jose City I Power Corp, Philippines
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Uttam Galva Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- PTC India Limited - India
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- Edison Trading Spa - Italy
- Mercator Lines Limited - India
- Aboitiz Power Corporation - Philippines
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Central Java Power - Indonesia
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Directorate Of Revenue Intelligence - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- International Coal Ventures Pvt Ltd - India
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- LBH Netherlands Bv - Netherlands
- Georgia Ports Authority, United States
- Madhucon Powers Ltd - India
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- IHS Mccloskey Coal Group - USA
- Petrochimia International Co. Ltd.- Taiwan
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- Singapore Mercantile Exchange
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
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