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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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Saturday, 15 May 10
THE AVERAGE CHARTER HIRE FOR CAPE REACHES US$ 49,931 PER DAY - VISTAAR SINGAPORE
COALspot.com: "The freight market was extremely buoyant this week with BDI almost up by 9 pct and the market was very firm in Feast/SE Asia sec ...
Saturday, 15 May 10
DRY BULK MARKET POSTS HEALTHY WEEKLY GAINS
The dry bulk market has reached new highs this week, the second consecutive solid one, with the industry’s benchmark, the Baltic Dry Index (BD ...
Friday, 14 May 10
JSW BUYS COAL MINES IN US, PRODUCTION STARTS IN SEPT
JSW Steel on Friday said it has completed $100 million acquisition of coking coal assets in the US and will start production from September to parti ...
Friday, 14 May 10
KANGAROO RESOURCES TO ACQUIRE INDONESIAN COAL PROJECTS - PROACTIVE INVESTORS
Proactive Investors reported that, Kangaroo Resources (ASX: KRL) is preparing to complete the acquisition of its five outstanding Indonesian coal pr ...
Thursday, 13 May 10
CHINA CONCERNS TO TEST RAW MINERALS - THE AUSTRALIAN
The Australian reported that, COMMODITY prices will remain volatile and drop from recent highs as China's appetite for raw materials softens. James ...
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- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- London Commodity Brokers - England
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- Vedanta Resources Plc - India
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- Marubeni Corporation - India
- Bhushan Steel Limited - India
- Siam City Cement - Thailand
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- European Bulk Services B.V. - Netherlands
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Jindal Steel & Power Ltd - India
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
- Kumho Petrochemical, South Korea
- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
- Cigading International Bulk Terminal - Indonesia
- Eastern Coal Council - USA
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- Thiess Contractors Indonesia
- Baramulti Group, Indonesia
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- McConnell Dowell - Australia
- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Sical Logistics Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- Sojitz Corporation - Japan
- Carbofer General Trading SA - India
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- Deloitte Consulting - India
- Ministry of Transport, Egypt
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Singapore Mercantile Exchange
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Antam Resourcindo - Indonesia
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- White Energy Company Limited
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- Romanian Commodities Exchange
- Directorate Of Revenue Intelligence - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- The State Trading Corporation of India Ltd
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- Edison Trading Spa - Italy
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Dalmia Cement Bharat India
- The University of Queensland
- Maharashtra Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- Bangladesh Power Developement Board
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Rashtriya Ispat Nigam Limited - India
- Meralco Power Generation, Philippines
- CNBM International Corporation - China
- Economic Council, Georgia
- Aditya Birla Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Cement Manufacturers Association - India
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- Central Java Power - Indonesia
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Mercator Lines Limited - India
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