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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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Thursday, 29 July 10
GOVT TOO OPTIMISTIC ON IRON, COAL PRICE
Federal government forecasts of continued strength in iron ore and coal prices, which underpin revenue expectations for the proposed new mining tax, ...
Thursday, 29 July 10
BALTIC INDEXES ARE POSITIVE SINCE A FEW DAYS
Handy
Baltic indexes are positive since a few days which could mean that markets have bottomed out (as we correctly predicted in our report of las ...
Wednesday, 28 July 10
INDONESIA'S MERUKH SECURES US$200 MLN INVESTMENT FROM SAN MIGUEL
Trading Market Reported that, Indonesian mining company Merukh Enterprises said it has secured an investment commitment of US$200 million from the P ...
Wednesday, 28 July 10
RIZAL RISJAD MAY OWN 10% BERAU ENERGY
Rizal Risjad, son of Indonesian tycoon Ibrahim Risjad, might own 10% stakes in PT Berau Coal Energy Tbk (BRAU), parent company of Indonesia's fifth ...
Wednesday, 28 July 10
UNUSUAL RAINS TO HIT COAL EXPORTS
COALspot.com: Heavy rains in South and East Kalimantan have compelled coal exporters to delay or cancel coal exports. PT Bayan and PT. TIA hav ...
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- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- Mercator Lines Limited - India
- Leighton Contractors Pty Ltd - Australia
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- Independent Power Producers Association of India
- Ambuja Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Karaikal Port Pvt Ltd - India
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- Dalmia Cement Bharat India
- New Zealand Coal & Carbon
- MS Steel International - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
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- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Kartika Selabumi Mining - Indonesia
- CIMB Investment Bank - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Planning Commission, India
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- Sical Logistics Limited - India
- Bulk Trading Sa - Switzerland
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Standard Chartered Bank - UAE
- Globalindo Alam Lestari - Indonesia
- CNBM International Corporation - China
- Latin American Coal - Colombia
- Marubeni Corporation - India
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- Economic Council, Georgia
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- SN Aboitiz Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- Australian Coal Association
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- Commonwealth Bank - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PTC India Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
- Thiess Contractors Indonesia
- Toyota Tsusho Corporation, Japan
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Kideco Jaya Agung - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- Rio Tinto Coal - Australia
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- Medco Energi Mining Internasional
- Chettinad Cement Corporation Ltd - India
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Africa Commodities Group - South Africa
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Parry Sugars Refinery, India
- GN Power Mariveles Coal Plant, Philippines
- Cement Manufacturers Association - India
- Semirara Mining and Power Corporation, Philippines
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- Anglo American - United Kingdom
- Barasentosa Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Global Green Power PLC Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- Videocon Industries ltd - India
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Baramulti Group, Indonesia
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Energy Link Ltd, New Zealand
- ICICI Bank Limited - India
- VISA Power Limited - India
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- The University of Queensland
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
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