We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Monday, 05 March 12
SOUTHGOBI ANNOUNCES AGREEMENT TO SELL ITS THERMAL COAL TSAGAAN TOLGOI DEPOSIT FOR US$ 30 MILLION
 SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) announced today an agreement to sell its thermal coal property, the Tsagaan Tolgoi Deposit to Modun Resources Limited (ASX: MOU) (“Modun”), according to the company's press release.
SouthGobi intends to facilitate the sale of Tsagaan Tolgoi through the transfer of a wholly-owned subsidiary holding one mining license (15041A) and one exploration license (7262X) pertaining to that deposit.
Under the transaction, SouthGobi expects to receive US$30 million of total consideration, comprising US$7.5 million up-front in cash, US$12.5 million up-front in Modun shares and deferred consideration of an additional US$10.0 million also payable in Modun shares. As a result, SouthGobi will have a significant shareholding in Modun and it will have the right to nominate one director to the board of Modun subject to SouthGobi holding an equity interest in excess of 14.9%. The transaction is subject to certain terms and conditions and is expected to be completed by June 1, 2012.
SouthGobi believes this transaction is positive for three key reasons:
(i) Tsagaan Tolgoi Deposit has become non-core due to the location being approximately 400 kilometres to the east of the Company’s core coking coal resources;
(ii) Modun has agreed to accelerate the development of Tsagaan Tolgoi into a mining operation, which will create employment and further the development of Mongolia; and
(iii) SouthGobi will, through its significant shareholding in Modun, continue to have exposure to Tsagaan Tolgoi and will also gain exposure to Modun’s other attractive projects in Mongolia.
“This sale will allow SouthGobi to focus on further developing our Ovoot Khural basin holdings, including our flagship Ovoot Tolgoi Complex and the nearby Soumber Deposit, while retaining an indirect exposure to Tsagaan Tolgoi through our shareholding in Modun,” said Alexander Molyneux, President and CEO.
“We also believe that Modun is well placed to be able to bring Tsagaan Tolgoi into production in a timely manner.” Macquarie Capital (Hong Kong) Limited acted as SouthGobi’s financial adviser on the transaction.
About SouthGobi Resources
SouthGobi Resources is focused on exploration and development of its Permian-age metallurgical and thermal coal deposits in Mongolia’s South Gobi Region. The company’s flagship coal mine, Ovoot Tolgoi, is producing and selling coal to customers in China. The company plans to supply a wide range of coal products to markets in Asia.
About Modun Resources
ASX-listed Modun Resources is developing the 100%-owned Nuurst Project in central Mongolia. Nuurst is a thermal coal project, which encompasses a 34.5 square kilometre licence area. In late 2011, Modun Resources announced a maiden 489 million tonnes JORC compliant resource at Nuurst (417 million tonnes of Indicated resources and 72 million tonnes of Inferred resources). The Nuurst Project is located 120 kilometres south of Mongolia’s capital Ulaanbaatar and six kilometres from existing rail infrastructures.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 27 March 12
DRY BULK MARKET KEEP RISING FOLLOWING THE SAME TREND OF LAST WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept its upward momentum this week, on the same reasons of those last week. That is, the smaller ship types are still on the ris ...
Monday, 26 March 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The Baltic Dry Index follows its upward incline for fourth consecutive week by rising to more than 900 points, up by 37% from the bottom low in the ...
Monday, 26 March 12
GOLDEN MINES FY11 REVENUE JUMPS 209% - INSIDER STORIES
Insider Stories reported that, coal miner PT Golden Energy Mines Tbk (GEMS), that is controlled by Sinar Mas Group, recorded a 209% jump in revenue ...
Saturday, 24 March 12
AUSTRALIA'S MINERAL TAX : BENCHMARK FOR OTHER COUNTRIES - SUNIL K KUMBHAT
COALspot.com - Natural resources rich counties like Australia , Indonesia , South Africa , Brazil etc are going through a spectacular resources boom ...
Saturday, 24 March 12
THE AVERAGE CHARTER RATES WAS AT CAPESIZE $ 4,546 PER DAY VS SUPRAMAX / $ 10,819 PER DAY - VISTAAR
COALspot.com - The BDI crossed 900 points this week closing at 908 points up by 3.89 pct. All other sectors were up except for cape index whic ...
|
|
|
Showing 4791 to 4795 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Sojitz Corporation - Japan
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- Medco Energi Mining Internasional
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- The State Trading Corporation of India Ltd
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- GVK Power & Infra Limited - India
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- Global Business Power Corporation, Philippines
- Eastern Coal Council - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- Barasentosa Lestari - Indonesia
- GMR Energy Limited - India
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Indika Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- Salva Resources Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- Star Paper Mills Limited - India
- SMC Global Power, Philippines
- Parliament of New Zealand
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bayan Resources Tbk. - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Vizag Seaport Private Limited - India
- Coal and Oil Company - UAE
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- Sarangani Energy Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- Interocean Group of Companies - India
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- Kapuas Tunggal Persada - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Posco Energy - South Korea
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Rio Tinto Coal - Australia
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Mercuria Energy - Indonesia
- CNBM International Corporation - China
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- Gujarat Mineral Development Corp Ltd - India
- Edison Trading Spa - Italy
- Kobexindo Tractors - Indoneisa
- Australian Commodity Traders Exchange
- Latin American Coal - Colombia
- Carbofer General Trading SA - India
- Eastern Energy - Thailand
- Agrawal Coal Company - India
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Antam Resourcindo - Indonesia
- Manunggal Multi Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- European Bulk Services B.V. - Netherlands
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- GAC Shipping (India) Pvt Ltd
- Indian Energy Exchange, India
- Maharashtra Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- Siam City Cement - Thailand
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- Cement Manufacturers Association - India
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- Minerals Council of Australia
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Standard Chartered Bank - UAE
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- Bhatia International Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- London Commodity Brokers - England
- Gujarat Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- IHS Mccloskey Coal Group - USA
- Sical Logistics Limited - India
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
|
| |
| |
|
