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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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Monday, 06 September 10
DRY BULK MARKET GAINS 6.05% ON WEEK, BOOSTED BY CAPESIZE VESSELS
The dry bulk market is looking to capitalize last week’s gains of more than 6 percent in this week, as the capesize segment seems to be on a h ...
Sunday, 05 September 10
HARUM ENERGY EYES 7.4 MILION TONS OF COAL OUTPUT IN 2010
Indonesia's coal miner PT Harum Energy Tbk, controlled by Indonesian tycoon Kiki Barki, is eyeing 7.4 million tons of coal production in 2010, a 27 ...
Sunday, 05 September 10
THE FREIGHT MARKET WAS BIT VOLATILE WITH NO CLEAR INDICATION OF THE MARKET - CAPT REDDY
COALsopot.com: The freight market was bit volatile with no clear indication of the market.
However the BDI continued the upward trend mainly due ...
Sunday, 05 September 10
NOROCHCHOLAI POWER PLANT TO BE COMMISSIONED ON JANUARY 1
Daily news reported that, the Norochcholai coal power plant will be commissioned on January 1, 2011 adding 300 megawatts to the national power grid ...
Friday, 03 September 10
BANPU CUTS INDONESIAN HOLDING BUT ITM REMAINS KEY STRATEGIC UNIT - BANGKOK POST
"SET-listed Banpu Plc, Asean's largest coal miner, yesterday announced the sale of an 8.72% stake in its listed coalmining holding company in ...
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- Kartika Selabumi Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Agrawal Coal Company - India
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Energy Development Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Interocean Group of Companies - India
- International Coal Ventures Pvt Ltd - India
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Toyota Tsusho Corporation, Japan
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Coalindo Energy - Indonesia
- Larsen & Toubro Limited - India
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Thai Mozambique Logistica
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- Maheswari Brothers Coal Limited - India
- Aboitiz Power Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Goldman Sachs - Singapore
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Tamil Nadu electricity Board
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Intertek Mineral Services - Indonesia
- South Luzon Thermal Energy Corporation
- PTC India Limited - India
- Mjunction Services Limited - India
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Sojitz Corporation - Japan
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- The State Trading Corporation of India Ltd
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- Marubeni Corporation - India
- Petron Corporation, Philippines
- Formosa Plastics Group - Taiwan
- AsiaOL BioFuels Corp., Philippines
- GN Power Mariveles Coal Plant, Philippines
- Port Waratah Coal Services - Australia
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- Jindal Steel & Power Ltd - India
- Lanco Infratech Ltd - India
- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Salva Resources Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- GMR Energy Limited - India
- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Barasentosa Lestari - Indonesia
- India Bulls Power Limited - India
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- Australian Coal Association
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- White Energy Company Limited
- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- Thiess Contractors Indonesia
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- IHS Mccloskey Coal Group - USA
- Parliament of New Zealand
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- Planning Commission, India
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- Parry Sugars Refinery, India
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
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