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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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Tuesday, 12 July 11
INDONESIAN MINERS PLAN $70M INVESTMENT TO UPGRADE QUALITY OF COAL - THE JAKARTA GLOBE
One of the leading english language news paper in indonesia, the Jakarta globe reported that, as the government implements a ban on the export of po ...
Tuesday, 12 July 11
DRY BULK MARKET BEGINS WEEK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As was evident by the end of the previous week, the dry bulk market’s growth momentum was about to lose steam, something proven yesterday, whe ...
Monday, 11 July 11
REFLECTIONS ON THE FLEET REACHING ONE BILLION TONNES - CLARKSONS / HELLENIC SHIPPING
“A billion gross tonnes of shipping” has a nice ring to it. It presents the industry as a business of substance, with its 85,000 ships w ...
Sunday, 10 July 11
UNTR PROVIDES US$100 MIO TO TTA - INSIDER STORIES
PT United Tractors Tbk (UNTR) agreed to allocate US$100 million to its coal subsidiary dubbed PT Tuah Turangga Agung (TTA).The US$100 million was pa ...
Sunday, 10 July 11
HARDLY ANY CARGO FROM WC INDIA UNTIL END OF MONSOONS - VISTAAR
COALspot.com - The BDI continued to hold last week and firmed up by 27 points with cape and panama index supporting the BDI.
The BDI closed at 1, ...
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- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Krishnapatnam Port Company Ltd. - India
- Global Green Power PLC Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- Globalindo Alam Lestari - Indonesia
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- Toyota Tsusho Corporation, Japan
- Indo Tambangraya Megah - Indonesia
- Planning Commission, India
- Simpson Spence & Young - Indonesia
- Parliament of New Zealand
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- Central Java Power - Indonesia
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Bukit Baiduri Energy - Indonesia
- Australian Commodity Traders Exchange
- Deloitte Consulting - India
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Karbindo Abesyapradhi - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- Cement Manufacturers Association - India
- Wilmar Investment Holdings
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Aditya Birla Group - India
- Australian Coal Association
- Madhucon Powers Ltd - India
- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- London Commodity Brokers - England
- Marubeni Corporation - India
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- VISA Power Limited - India
- McConnell Dowell - Australia
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
- CNBM International Corporation - China
- Mintek Dendrill Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Sindya Power Generating Company Private Ltd
- European Bulk Services B.V. - Netherlands
- Bukit Makmur.PT - Indonesia
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- Jindal Steel & Power Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Intertek Mineral Services - Indonesia
- Electricity Generating Authority of Thailand
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Eastern Energy - Thailand
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Sarangani Energy Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Ministry of Transport, Egypt
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Singapore Mercantile Exchange
- Kobexindo Tractors - Indoneisa
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- Larsen & Toubro Limited - India
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Eastern Coal Council - USA
- Riau Bara Harum - Indonesia
- Medco Energi Mining Internasional
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Latin American Coal - Colombia
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
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