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Saturday, 26 June 10
MONGOLIA COAL RAILWAY TO LINK WITH RUSSIA - BUSINESS WEEK
 Business Week reported that, Mongolian lawmakers have approved plans for a rail line linking with Russia to help tap large coal deposits in the south, the latest move in the long-delayed project that will help make the poor but mineral-rich nation less dependent on exporting to China.
The landlocked country of 2.7 million people is trying to retain more of its natural wealth from its huge mineral deposits, including copper, gold and coal. Plans to expand output and open new mines have stalled as the government struggles to re-negotiate terms on mining concessions with big foreign companies.
The huge Tavan Tolgoi coking coal deposit in the south Gobi region, estimated to have more than 6 billion tons of coal, has attracted interest from 10 international mining companies including China's Shenhua Energy, a Russian consortium led by Gazprom, and Australia's BHP Billiton.
Lawmakers on Thursday voted nearly unanimously in favor of building the line and making it broad gauge, refering to the distance between the rails, so it could link up with Russia's rail network. There were concerns that if the rail were standard gauge like China's rail system, too much of the commodity would end up flowing to coal-hungry China at bargain prices. China currently takes about two thirds of Mongolia's exports.
The deposits are located only about 200 kilometers (124 miles) from the Chinese border but Transportation Minister Battulga Khaltmaa said Mongolia would rather sell processed coal to Japan and South Korea. "The policy will greatly boost the economic development of Mongolia. Instead of shipping raw materials directly to one market, jobs and value-added production will be created in Mongolia," he said.
The 1,100 kilometer (683.54 mile) railway will connect Tavan Tolgoi to the Russian border, the minister said. The country will invite international bidding for the railway's construction, which is expected to be completed in two years.
Tavan Tolgoi was discovered in the 1950s, when Mongolia was a Soviet satellite. The country made a peaceful transition to democracy in the early 1990s.
Mining giant BHP Billiton earlier held rights to the project but judged the deposit too expensive to develop.
Source: Businessweek ( By Ganbat Namjilsanfatav)
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Wednesday, 03 August 11
DRY BULK MARKET SINKS TO THREE-MONTH LOWS, BUT CAPESIZES COULD TURN THINGS AROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept on falling this week, on the back of slow cargo demand amid the summer season. Yesterday, the BDI (Baltic Dry Index), the i ...
Tuesday, 02 August 11
INDONESIA BECOMES SECOND LARGEST COKING COAL EXPORTER
COALspot.com - Indonesia, the largest thermal coal exporter in the world now becomes second biggest coking coal exporter to Japan. Indonesian’ ...
Tuesday, 02 August 11
5TH ASIA PACIFIC COAL TRADING & INVESTMENT OUTLOOK TO PRESENT LATEST TRENDS
Press Release - Global commodities prices have been staying high since the beginning of 2011, resulting in the “TENSION” in various coun ...
Tuesday, 02 August 11
REALM RESOURCES TO ACQUIRE A 75% INTEREST IN THE KATINGAN RIA COAL PROJECT
COALspot.com - Scoping study at the Katingan Ria Coal Project, Central Kalimantan demonstrates positive technical and financial potential for the pr ...
Tuesday, 02 August 11
COAL INDIA TO INVEST IN GOLDEN ENERGY MINES
COALspot.com - Golden Energy Mines, part of PT Dian Swastatika Sentosa Tbk’s, is still negotiating with several strategic investors to o ...
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- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
- Leighton Contractors Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- SN Aboitiz Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Edison Trading Spa - Italy
- Trasteel International SA, Italy
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Videocon Industries ltd - India
- GMR Energy Limited - India
- Parliament of New Zealand
- Minerals Council of Australia
- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sakthi Sugars Limited - India
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- Ind-Barath Power Infra Limited - India
- Karaikal Port Pvt Ltd - India
- New Zealand Coal & Carbon
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Planning Commission, India
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- MS Steel International - UAE
- Central Java Power - Indonesia
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Marubeni Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- Indian Energy Exchange, India
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Thiess Contractors Indonesia
- Global Business Power Corporation, Philippines
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Electricity Generating Authority of Thailand
- Oldendorff Carriers - Singapore
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- VISA Power Limited - India
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- White Energy Company Limited
- Bhushan Steel Limited - India
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Heidelberg Cement - Germany
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Bayan Resources Tbk. - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- International Coal Ventures Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- Africa Commodities Group - South Africa
- South Luzon Thermal Energy Corporation
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Medco Energi Mining Internasional
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Orica Australia Pty. Ltd.
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Goldman Sachs - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
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