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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, 22 September 10
DRY BULK MARKET SENTIMENT TURNS SOUTH AS IRON ORE DEMAND DECLINES
The dry bulk market has once again turned the tide, with the industry’s benchmark, the Baltic Dry Index (BDI) turning south during the previou ...
Monday, 20 September 10
MMTC SEEKS TO BUY 1.3 MT OF COAL FOR INDIA UTILITIES - SXCOAL
MMTC Ltd., India’s largest state- owned trading company, is seeking bids for the supply of 1.3 million tonnes of coal to feed power plants run ...
Monday, 20 September 10
KANGAROO RESOURCES SIGNS PARTNERSHIP WITH ASEAMCO FOR INDONESIAN COAL ASSETS - PROACTIVE INVESTORS
International coal producer Kangaroo Resources (ASX: KRL) has completed a new three-year agreement with Australian mining consultants ASEAMCO to del ...
Monday, 20 September 10
ICVL LOOKS FOR COAL ASSETS IN UZBEK, INDONESIA, AUSTRALIA - ECONOMIC TIMES
Economic Times reported that, International Coal Ventures, or ICVL, the special purpose vehicle floated by five state-owned firms to scout for coal ...
Monday, 20 September 10
IRON-ORE SHIPPING DEMAND MAY GAIN ONCE CHINA STEEL CUTS FINISH, SSY SAYS
Demand to transport iron ore may rebound once China ends steel-production cuts and steel prices may gain in the next several months because of the r ...
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- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Antam Resourcindo - Indonesia
- Bukit Baiduri Energy - Indonesia
- Trasteel International SA, Italy
- Ambuja Cements Ltd - India
- Riau Bara Harum - Indonesia
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Altura Mining Limited, Indonesia
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Australian Commodity Traders Exchange
- Eastern Coal Council - USA
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
- Carbofer General Trading SA - India
- Planning Commission, India
- Kobexindo Tractors - Indoneisa
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- GMR Energy Limited - India
- Deloitte Consulting - India
- Banpu Public Company Limited - Thailand
- IHS Mccloskey Coal Group - USA
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- Toyota Tsusho Corporation, Japan
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- TeaM Sual Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Semirara Mining Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- Commonwealth Bank - Australia
- Kohat Cement Company Ltd. - Pakistan
- Metalloyd Limited - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Orica Australia Pty. Ltd.
- London Commodity Brokers - England
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- Sakthi Sugars Limited - India
- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- Sinarmas Energy and Mining - Indonesia
- Eastern Energy - Thailand
- Global Business Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Sindya Power Generating Company Private Ltd
- Edison Trading Spa - Italy
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- White Energy Company Limited
- Karaikal Port Pvt Ltd - India
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- Standard Chartered Bank - UAE
- Manunggal Multi Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- Attock Cement Pakistan Limited
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- Larsen & Toubro Limited - India
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- New Zealand Coal & Carbon
- IEA Clean Coal Centre - UK
- Independent Power Producers Association of India
- Aditya Birla Group - India
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- Energy Development Corp, Philippines
- Energy Link Ltd, New Zealand
- Krishnapatnam Port Company Ltd. - India
- Gujarat Mineral Development Corp Ltd - India
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Minerals Council of Australia
- PTC India Limited - India
- Bhushan Steel Limited - India
- Kideco Jaya Agung - Indonesia
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Vijayanagar Sugar Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- ICICI Bank Limited - India
- Parry Sugars Refinery, India
- Sarangani Energy Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Pendopo Energi Batubara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Mjunction Services Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Ceylon Electricity Board - Sri Lanka
- Pipit Mutiara Jaya. PT, Indonesia
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Vedanta Resources Plc - India
- International Coal Ventures Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
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