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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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Friday, 15 October 10
VALUE ADDED TAX FOR COAL TO RE-INTRODUCE IN INDONESIA
COALspot.com: Indonesian government is drafting a ministerial decree to re-introduce value added tax for coal and mineral. Coalindo weekly news lett ...
Thursday, 14 October 10
COAL PRICES AT QINHUANGDAO PORT UP - CAPITALVUE
Capitalvue reported that, prices of steam coal yielding 5,500 kilocalories per kilogram (kcal/kg) in Qinhuangdao Port have risen five yuan to 715-72 ...
Thursday, 14 October 10
DRY BULK MARKET MAINTAINS POSITIVE TREND ON FIRMER CHINESE IRON ORE DEMAND
The dry bulk market has kept its upward trend set since last week, with the industry’s main benchmark, the Baltic Dry Index (BDI) rising to 2, ...
Tuesday, 12 October 10
DRY BULK MARKET LOOKING FOR DIRECTION AFTER WEEK OF CAPESIZE GROWTH
The dry bulk market ended Monday unchanged from Friday’s closing, today standing at 2,695 points. In summary, the capesize and the supramax se ...
Tuesday, 12 October 10
COAL SPOT TRADING MAY SOOTH PRICING CONFLICTS - GLOBAL TIMES
Global Times reported that, Tianjin-based Bohai Commodity Exchange launched steam coal for spot trading for the first time Monday. Steam coal is mai ...
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- Karbindo Abesyapradhi - Indoneisa
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- Gujarat Mineral Development Corp Ltd - India
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- Coal and Oil Company - UAE
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
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- Port Waratah Coal Services - Australia
- Australian Commodity Traders Exchange
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- Essar Steel Hazira Ltd - India
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thai Mozambique Logistica
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- Semirara Mining Corp, Philippines
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- Grasim Industreis Ltd - India
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- Kideco Jaya Agung - Indonesia
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- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- McConnell Dowell - Australia
- Indian Energy Exchange, India
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- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Bukit Baiduri Energy - Indonesia
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- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- VISA Power Limited - India
- Petron Corporation, Philippines
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- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
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- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
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- ASAPP Information Group - India
- New Zealand Coal & Carbon
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- Economic Council, Georgia
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- PetroVietnam Power Coal Import and Supply Company
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- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
- Sindya Power Generating Company Private Ltd
- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- Goldman Sachs - Singapore
- Sakthi Sugars Limited - India
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Simpson Spence & Young - Indonesia
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Alfred C Toepfer International GmbH - Germany
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- GMR Energy Limited - India
- Chettinad Cement Corporation Ltd - India
- Savvy Resources Ltd - HongKong
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- Heidelberg Cement - Germany
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
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- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
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- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- Siam City Cement - Thailand
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- International Coal Ventures Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- PTC India Limited - India
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
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- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
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- Merrill Lynch Commodities Europe
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- Attock Cement Pakistan Limited
- LBH Netherlands Bv - Netherlands
- The University of Queensland
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
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- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Bhatia International Limited - India
- CNBM International Corporation - China
- CIMB Investment Bank - Malaysia
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Bayan Resources Tbk. - Indonesia
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ambuja Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Intertek Mineral Services - Indonesia
- ICICI Bank Limited - India
- Uttam Galva Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
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