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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, 03 June 10
GOVT CONSIDERING IMPORT PARITY PRICE FOR DOMESTIC COAL
The government on June 1 said it is considering to price domestic coal on par with global rates, a move which may increase the cost of the raw mater ...
Wednesday, 02 June 10
SRI LANKA TESTS 1ST COAL POWER PLANT IN SEPT.
Sri Lanka will start testing its first 300 MegaWatt coal power plant in September with plans to connect it to the national distribution grid by Janu ...
Wednesday, 02 June 10
CHINA'S IRON ORE IMPORTS TO KEEP BEING THE BIGGEST FACTOR FOR DRY BULK FREIGHT RATES SAY READERS
With dry bulk freight rates staging a positive rally during most of May, the industry’s main benchmark, the Baltic Dry Index (BDI) has managed ...
Wednesday, 02 June 10
KIDECO TO PRODUCE 29.5 MILLION TONS OF COAL IN 2010
COALspot.com: Kideco to produce 29.5 million tons of coal in 2010 up 4.8 million or about 19 percent up from 2009 production. Kideco produced 24.7 m ...
Wednesday, 02 June 10
PLN TO DEVOUR 133 PERCENT MORE COAL IN NEXT FIVE YEARS
The Jakarta globe reported that, State electricity company PT Perusahaan Listrik Negara will more than double the amount of coal it uses over the ne ...
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- Petrochimia International Co. Ltd.- Taiwan
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- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
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- SMC Global Power, Philippines
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- Therma Luzon, Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Indogreen Group - Indonesia
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- IEA Clean Coal Centre - UK
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
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- The State Trading Corporation of India Ltd
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- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
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- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
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- Kepco SPC Power Corporation, Philippines
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- The University of Queensland
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- Mjunction Services Limited - India
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- Intertek Mineral Services - Indonesia
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- Alfred C Toepfer International GmbH - Germany
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- Riau Bara Harum - Indonesia
- Kideco Jaya Agung - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Wilmar Investment Holdings
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- Economic Council, Georgia
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- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Agrawal Coal Company - India
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Rio Tinto Coal - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
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- Coal and Oil Company - UAE
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- Attock Cement Pakistan Limited
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- Electricity Authority, New Zealand
- Standard Chartered Bank - UAE
- Aditya Birla Group - India
- Semirara Mining Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Siam City Cement - Thailand
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- OPG Power Generation Pvt Ltd - India
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- Savvy Resources Ltd - HongKong
- GMR Energy Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
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- Kaltim Prima Coal - Indonesia
- Kumho Petrochemical, South Korea
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- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Minerals Council of Australia
- Indonesian Coal Mining Association
- White Energy Company Limited
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- Coastal Gujarat Power Limited - India
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Port Waratah Coal Services - Australia
- Makarim & Taira - Indonesia
- Grasim Industreis Ltd - India
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
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- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
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- Sojitz Corporation - Japan
- Australian Coal Association
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- Baramulti Group, Indonesia
- PTC India Limited - India
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- Central Java Power - Indonesia
- Lanco Infratech Ltd - India
- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- Toyota Tsusho Corporation, Japan
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- Heidelberg Cement - Germany
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- Eastern Coal Council - USA
- Parry Sugars Refinery, India
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- Anglo American - United Kingdom
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- Tamil Nadu electricity Board
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- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- Bukit Baiduri Energy - Indonesia
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