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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, 02 August 10
DRY BULK MARKET NEEDS TO FIND ADDITIONAL SUPPORT IN AUGUST
The dry bulk market ended another week of rebounding, posting on Friday its 11th straight rise. Still, as analysts point out the rate of this rise h ...
Monday, 02 August 10
LINC, ADANI COMPLETE THEIR COAL CONNECTION
"THE much-speculated deal between underground coal gasification company Linc Energy and India's Adani Enterprises is set to be signed tomorrow ...
Saturday, 31 July 10
TABONEO ANCHORAGE TO LOAD 1.5 MLN TON OR MORE COAL IN H1 AUGUST
COALspot.com: Eighty five ocean going vessels and barges have been nominated by coal buyers to their respective suppliers in Indonesia to load about ...
Saturday, 31 July 10
SEEMS THE FREIGHT MARKET WOULD BE FAIRLY STABLE FOR H2 2010 - VISTAAR
COALspot.com: The BDI continued moving up since 16th July and rise by 14 pct almost touching 2000 points.
The BDI was up by 7.72 pct last week wh ...
Friday, 30 July 10
DRY BULK MARKET BACK ON THE ROAD TO RECOVERY
Freight rates for dry bulk carriers have continued to edge higher this week, with the industry’s main benchmark, the Baltic Dry Index (BDI) ga ...
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- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Australian Coal Association
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- Antam Resourcindo - Indonesia
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- Anglo American - United Kingdom
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Bhatia International Limited - India
- Xindia Steels Limited - India
- Marubeni Corporation - India
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Goldman Sachs - Singapore
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Latin American Coal - Colombia
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
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- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- Indian Energy Exchange, India
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- International Coal Ventures Pvt Ltd - India
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- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Price Waterhouse Coopers - Russia
- Salva Resources Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Directorate General of MIneral and Coal - Indonesia
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- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Economic Council, Georgia
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
- Indonesian Coal Mining Association
- Bukit Baiduri Energy - Indonesia
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Gujarat Sidhee Cement - India
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- Dalmia Cement Bharat India
- SN Aboitiz Power Inc, Philippines
- Mintek Dendrill Indonesia
- Commonwealth Bank - Australia
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- Barasentosa Lestari - Indonesia
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- Mercator Lines Limited - India
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ambuja Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Carbofer General Trading SA - India
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Aditya Birla Group - India
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- Jaiprakash Power Ventures ltd
- Ind-Barath Power Infra Limited - India
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- Standard Chartered Bank - UAE
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
- Planning Commission, India
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- Wood Mackenzie - Singapore
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
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