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.
|
|
Thursday, 01 March 12
INDO-INDIA, LARGE ECO SUPRA CAN FETCH CLOSE TO USD 9K DOP N.CHINA - FEARNLEYS AS
Handy
The Atlantic Handysize market did not see any signs for recovery this week. It is still a major lack of spot cargoes and an oversupply of pro ...
Wednesday, 29 February 12
69 MINERS AGREE TO RENEGOTIATE CONTRACTS - THE JAKARTA POST
The Jakarta Post, one of the leading English news papaer in Indonesia reported that, as many as 60 coal contracts-of-work (PKP2B) and nine non-coal ...
Wednesday, 29 February 12
PUTTING COAL GASIFICATION TO WORK
Clifford Reese of the SSOE Group looks at practical solutions for district energy leaders who wish to implement clean coal technology.
Coal fuels ...
Monday, 27 February 12
COAL MINING PROFITS TOO HIGH, SAYS GOVT - TEMPO INTERACTIVE
Tempo Interactive reported that, Energy and Mineral Resources Deputy Minister of Indonesia Widjajono Partowidagdo has criticized coal-mining compani ...
Monday, 27 February 12
INDONESIAN COAL EXPORTS TO CHINA DROPS 39.76 PERCENT IN JANUARY 2012
COALspot.com: Indonesia, the world largest coal exporter, shipped 28.21* mln mt of coal in January 2012, slightly lower than its December 2011 ...
|
|
|
Showing 4831 to 4835 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Thiess Contractors Indonesia
- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- Chamber of Mines of South Africa
- Coalindo Energy - Indonesia
- Cement Manufacturers Association - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- Kaltim Prima Coal - Indonesia
- PTC India Limited - India
- Singapore Mercantile Exchange
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
- Gujarat Sidhee Cement - India
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Bharathi Cement Corporation - India
- Directorate Of Revenue Intelligence - India
- PowerSource Philippines DevCo
- Madhucon Powers Ltd - India
- The University of Queensland
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- Bhatia International Limited - India
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Meralco Power Generation, Philippines
- Globalindo Alam Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- Electricity Generating Authority of Thailand
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- Karaikal Port Pvt Ltd - India
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Tamil Nadu electricity Board
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- Bhushan Steel Limited - India
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
- ASAPP Information Group - India
- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Agrawal Coal Company - India
- Minerals Council of Australia
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- Savvy Resources Ltd - HongKong
- VISA Power Limited - India
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Central Java Power - Indonesia
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Eastern Energy - Thailand
- GMR Energy Limited - India
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- CNBM International Corporation - China
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Vedanta Resources Plc - India
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- TeaM Sual Corporation - Philippines
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Anglo American - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Antam Resourcindo - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Mineral Development Corp Ltd - India
- Ind-Barath Power Infra Limited - India
- Simpson Spence & Young - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Formosa Plastics Group - Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- Bukit Makmur.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- GVK Power & Infra Limited - India
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- Coastal Gujarat Power Limited - India
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Petron Corporation, Philippines
|
| |
| |
|
