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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, 30 August 10
DRY BULK MARKET STABILIZES, ALBEIT AT A FALLING NOTE
The dry bulk market’s leading benchmark, the Baltic Dry Index (BDI) ended the week at 2712 points, a marginal weekly loss of 1.6% or 44 points ...
Saturday, 28 August 10
THE FUTURES FOR THREE YEARS (2010-2012) WAS FIRM FOR CAPE AND PANAMAX VESSELS - VISTAAR
COALspot.com: The freight market appeared to be heading for correction with the indices coming off during later part of the week. The BDI closed 44 ...
Saturday, 28 August 10
KRISHNAPATNAM PORT SETS AN ALL INDIA COAL DISCHARGE RECORD
COALspot.com: Krishnapatnam Port has established all new record for coal discharged in India using the conventional system of coal unloading for por ...
Friday, 27 August 10
PAKISTAN WILL IMPORT 8 TO 10 PERCENT MORE COAL IN 2011
COALspot.com: Pakistan to import 4 million ton of coal in 2011 up by 8-10 percent compare to this year’s imports. "Pakistan's tota ...
Thursday, 26 August 10
CHARTERERS SWITCHING FROM PANAMAX TO CAPE STEMS DUE TO CAPE FALL
Handy
The activity picked up in the Atlantic with more enquiries seen for short period tonnage for end August/beg September - As the grain season ...
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- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Kumho Petrochemical, South Korea
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Semirara Mining and Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- Electricity Generating Authority of Thailand
- Jaiprakash Power Ventures ltd
- CNBM International Corporation - China
- Coastal Gujarat Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- McConnell Dowell - Australia
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- SMG Consultants - Indonesia
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- Samtan Co., Ltd - South Korea
- Wilmar Investment Holdings
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Vedanta Resources Plc - India
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- Indian Oil Corporation Limited
- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- GMR Energy Limited - India
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Standard Chartered Bank - UAE
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- Economic Council, Georgia
- Parry Sugars Refinery, India
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Interocean Group of Companies - India
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- Bharathi Cement Corporation - India
- Sical Logistics Limited - India
- Therma Luzon, Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- PTC India Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Malabar Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- The Treasury - Australian Government
- Port Waratah Coal Services - Australia
- Antam Resourcindo - Indonesia
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rio Tinto Coal - Australia
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- Bulk Trading Sa - Switzerland
- Petron Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Africa Commodities Group - South Africa
- Directorate Of Revenue Intelligence - India
- Indogreen Group - Indonesia
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- White Energy Company Limited
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- Chettinad Cement Corporation Ltd - India
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- Borneo Indobara - Indonesia
- Ministry of Transport, Egypt
- Planning Commission, India
- ICICI Bank Limited - India
- Tata Chemicals Ltd - India
- Straits Asia Resources Limited - Singapore
- Wood Mackenzie - Singapore
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