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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, 18 September 10
ECI / CHINA FREIGHT ROUTE DOWN BY 1.22 PCT OR US$ 225 PER DAY AND CLOSED AT US$ 18,123 PER DAY - VISTAAR
COALspot.com: The BDI was under pressure this week and was almost down by 11 pct and closed at 2676 points.
The Cape and Panamax index was almost ...
Friday, 17 September 10
CWP COAL WASHING PLANTS MACHINERY LANDS ON RUSSIAN MARKET!!
Press Release: CWP Coal Washing Plants Machinery Industry & Trade Co. which was founded in 1990, has been operating in Izmir with its closed pro ...
Friday, 17 September 10
FREIGHT RATES TO DECLINE FURTHER - ICICI SEC
Broking firm ICICI Securities said tanker freight rates reported a sharp drop with rates of Suezmax and Aframax carriers declining by 16% to USD 8,6 ...
Friday, 17 September 10
R-POWER, ADANI, GMR TO BID FOR $1-BN MINE
Reliance Power, Adani Power and GMR are in the race for a coal mine asset in Australia. The valuation of the asset is close to $1 billion (Rs 4,600 ...
Thursday, 16 September 10
RPG GROUP BUYS 10% IN AUSSIE COAL FIRM RESOURCE GENERATION
Dealcurry reported that, India's RPG Group's Integrated Coal Mining Limited (ICML) has acquired 10% stake (18,268,053 shares) in Resource Generati ...
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- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- New Zealand Coal & Carbon
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- Kohat Cement Company Ltd. - Pakistan
- Simpson Spence & Young - Indonesia
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- Semirara Mining Corp, Philippines
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- Planning Commission, India
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- Karaikal Port Pvt Ltd - India
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
- Manunggal Multi Energi - Indonesia
- Central Java Power - Indonesia
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Sarangani Energy Corporation, Philippines
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Ambuja Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Oldendorff Carriers - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- Ceylon Electricity Board - Sri Lanka
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Binh Thuan Hamico - Vietnam
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Ministry of Transport, Egypt
- MS Steel International - UAE
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- Leighton Contractors Pty Ltd - Australia
- Parliament of New Zealand
- Barasentosa Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sical Logistics Limited - India
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- Orica Australia Pty. Ltd.
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PTC India Limited - India
- Interocean Group of Companies - India
- Alfred C Toepfer International GmbH - Germany
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
- Energy Development Corp, Philippines
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
- Sinarmas Energy and Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- ASAPP Information Group - India
- Latin American Coal - Colombia
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- CIMB Investment Bank - Malaysia
- Coastal Gujarat Power Limited - India
- Coalindo Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Pendopo Energi Batubara - Indonesia
- Iligan Light & Power Inc, Philippines
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Wood Mackenzie - Singapore
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Bangladesh Power Developement Board
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- India Bulls Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- Romanian Commodities Exchange
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- Price Waterhouse Coopers - Russia
- Renaissance Capital - South Africa
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- Bharathi Cement Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Minerals Council of Australia
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
- VISA Power Limited - India
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
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