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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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Saturday, 07 May 11
BERAU INKS DEALS WITH CHINESE FIRMS AS COAL WEATHERS COMMODITIES STORM - THE JAKARTA GLOBE
The Jakarta Globe reported that, Berau Coal, one of the country’s largest coal miners, has signed sales contracts with two Chinese companies a ...
Saturday, 07 May 11
SUPRAMAXES ARE AT AROUND $ 13,500-14,000 PER DAY FOR SINGLE TRIPS
COALspot.com - The freight remained fairly steady this week with the BDI up by 71 points and closing at 1,340 points, said Capt. Reddy, the director ...
Saturday, 07 May 11
COAL PRODUCTION MAY REACH 95M TONS IN SECOND QUARTER - THE JAKARTA POST
The Jakarta Post reported that, Indonesian miners are projected to produce around 95 million tons of coal in the second quarter of this year after l ...
Friday, 06 May 11
BUKIT ASAM TO CLOSE COAL TAKEOVER IN Q2 - INSIDER STORIES
The state-controlled PT Tambang Bukit Asam Tbk (PTBA) expects to complete acquisition of two coal mining companies from four companies which is now ...
Thursday, 05 May 11
SUPRAS IN NORTH CHINA ARE GETTING CLOSE TO $ 13K FOR INDO-INDIA
Handy
The Atlantic market is stable/flat with positive undertone meaning more enquiries hitting the market today. Lack of prompt vessels. Trips to ...
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- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- Australian Coal Association
- White Energy Company Limited
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- Timah Investasi Mineral - Indoneisa
- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Medco Energi Mining Internasional
- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- Bhatia International Limited - India
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Vedanta Resources Plc - India
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
- Parry Sugars Refinery, India
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- Latin American Coal - Colombia
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- Borneo Indobara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- CNBM International Corporation - China
- Videocon Industries ltd - India
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Intertek Mineral Services - Indonesia
- Riau Bara Harum - Indonesia
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- Bulk Trading Sa - Switzerland
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- International Coal Ventures Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- Minerals Council of Australia
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- The University of Queensland
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
- McConnell Dowell - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- India Bulls Power Limited - India
- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Global Coal Blending Company Limited - Australia
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- GMR Energy Limited - India
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- Aditya Birla Group - India
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- Straits Asia Resources Limited - Singapore
- IEA Clean Coal Centre - UK
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Kartika Selabumi Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- Economic Council, Georgia
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Malabar Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- VISA Power Limited - India
- Trasteel International SA, Italy
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- Attock Cement Pakistan Limited
- Gujarat Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PetroVietnam Power Coal Import and Supply Company
- Karbindo Abesyapradhi - Indoneisa
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- Vizag Seaport Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- Marubeni Corporation - India
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tata Chemicals Ltd - India
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- ICICI Bank Limited - India
- Ceylon Electricity Board - Sri Lanka
- Ind-Barath Power Infra Limited - India
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Finance - Indonesia
- Lanco Infratech Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- Singapore Mercantile Exchange
- London Commodity Brokers - England
- Chamber of Mines of South Africa
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
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