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Thursday, 12 July 12
SOUTHGOBI RESOURCES ANNOUNCES NOTICE OF INVESTMENT DISPUTE FILED AGAINST MONGOLIAN GOVERNMENT
Press Release - SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) (“SouthGobi”) announced today that SGQ Coal Investment Pte. Ltd., a wholly owned subsidiary of SouthGobi that owns the Company’s Mongolian operating subsidiary SouthGobi Sands LLC (“SGS”), has filed a Notice of Investment Dispute on the Mongolian Government pursuant to the Bilateral Investment Treaty (“BIT”) between Singapore and Mongolia. The Company has filed the Notice of Investment Dispute following a determination by management that they have exhausted all other possible means to resolve an ongoing investment dispute between SGS and the Mongolian authorities.
The Notice of Investment Dispute consists of, but is not limited to, the failure by the Mineral Resources Authority of Mongolia to execute the pre-mining agreements (“PMAs”) associated with certain exploration licenses of the Company pursuant to which valid PMA applications had been lodged in 2011. The areas covered by the valid PMA applications include the resource known as Zag Suuj and certain areas associated with the broader Soumber Deposit.
The Notice of Investment Dispute triggers the dispute resolution process under the BIT whereby the Mongolian Government has a six-month cure period from the date of receipt of the notice to satisfactorily resolve the dispute through negotiations. If the negotiations are not successful, the Company will be entitled to commence conciliation/arbitration proceedings under the auspices of the International Centre for Settlement of Investment Disputes (“ICSID”) pursuant to the BIT. However in the event that the Mongolian Government fails to negotiate, ICSID arbitration proceedings may be accelerated before the six (6) months have expired.
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.
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Saturday, 21 July 12
THE FREIGHT RATES ARE EXPECTED TO BE FLAT TO SOFT NEXT WEEK - VISTAAR
COALspot.com - The freight market was soft this week as all the segments were down.
The BDI was down by 6.58 pct closing at 1,037 points and the ...
Saturday, 21 July 12
INDONESIAN COMPANIES ABM INVESTAMA AND AVRA ASIA WORK OUT LONG-TERM CONTRACT - THE JAKARTA GLOBE
The Jakarta Globe, one of the leading English news papaer in Indonesia reported that, ABM Investama, a company with diversified interests in coal mi ...
Friday, 20 July 12
INDONESIA-INDIA SUPRAS BEING FIXED AT $ 10K
Handy
After a stable last week, the Handysize market has experienced softening rates in the Atlantic. Ships are ballasting from India into the Atla ...
Friday, 20 July 12
HANDYSIZES PROVE RATHER ATTRACTIVE AMONG OTHER SHIPS, IN TERMS OF FUTURE RETURNS ON INVESTMENT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The Handysize segment of the dry bulk market appears to offer the best incentive among other ship types, for a ship owners to invest in, says Interm ...
Wednesday, 18 July 12
TAIWAN POWER COMPANY TO IMPORT 0.588 MILLION TONS OF LOW ASH AND EXTRA LOW SULFUR SUB-BITUMINOUS COAL
COALspot.com - Taiwan Power Company intends to procure 588,000 MT tons of extra low sulfur sub-bituminous coal for Taipower thermal power plant thro ...
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- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Videocon Industries ltd - India
- Karbindo Abesyapradhi - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Energy Link Ltd, New Zealand
- Leighton Contractors Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- CNBM International Corporation - China
- Larsen & Toubro Limited - India
- PTC India Limited - India
- Tata Chemicals Ltd - India
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- The University of Queensland
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- Meenaskhi Energy Private Limited - India
- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- Bhushan Steel Limited - India
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
- New Zealand Coal & Carbon
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- Coastal Gujarat Power Limited - India
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Attock Cement Pakistan Limited
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Wilmar Investment Holdings
- Neyveli Lignite Corporation Ltd, - India
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- GAC Shipping (India) Pvt Ltd
- Edison Trading Spa - Italy
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- Sojitz Corporation - Japan
- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Xindia Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- VISA Power Limited - India
- Vizag Seaport Private Limited - India
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
- Planning Commission, India
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Riau Bara Harum - Indonesia
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- Kaltim Prima Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Bhatia International Limited - India
- India Bulls Power Limited - India
- SMC Global Power, Philippines
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- Latin American Coal - Colombia
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
- Agrawal Coal Company - India
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Barasentosa Lestari - Indonesia
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- Goldman Sachs - Singapore
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- Simpson Spence & Young - Indonesia
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Orica Australia Pty. Ltd.
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- Vijayanagar Sugar Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
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