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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, 07 July 12
BALTIC INDEX UP ON STRONG CAPE, PANAMAX RATES - VISTAAR
COALspot.com - This week all the segments were firmed up with BDI up by 15.23 pct (up by 153 points) closing at 1,157 points.
The cape index also ...
Saturday, 07 July 12
DRY BULK MARKET NOT ABLE TO FIND SOLID GROUND SAY EXPERTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the second half of each, traditionally looking the most active one, especially in terms of newbuildings being delivered, it's highly unlikely ...
Thursday, 05 July 12
GOVT GETS READY FOR $1.8B SUIT - THE JAKARTA POST
The Jakarta Post, one of the leading Indonesian English new papers reported that, several ministries and the Attorney General’s Office held a ...
Thursday, 05 July 12
DRY BULK MARKET MOVES FURTHER UP THE HILL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept its growth momentum by the middle of the week, as the BDI (Baltic Dry Index) rose by an additional 40 points to 1,103 p ...
Thursday, 05 July 12
BUMI ACHIEVES HIGHER SELLING PRICE IN FIRST QUARTER
COALspot.com - PT Bumi Resources Tbk (BUMI), Indonesia's largest coal producer and exporter, has successfully maintained a higher sales margin, des ...
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- Commonwealth Bank - Australia
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- Goldman Sachs - Singapore
- Star Paper Mills Limited - India
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Marubeni Corporation - India
- Australian Coal Association
- Australian Commodity Traders Exchange
- The University of Queensland
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Australia Pty. Ltd.
- Planning Commission, India
- VISA Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- PowerSource Philippines DevCo
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- Bhatia International Limited - India
- Lanco Infratech Ltd - India
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- Simpson Spence & Young - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Coalindo Energy - Indonesia
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
- ASAPP Information Group - India
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Billiton Holdings Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Malabar Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Ministry of Finance - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Bharathi Cement Corporation - India
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- ICICI Bank Limited - India
- Global Coal Blending Company Limited - Australia
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chamber of Mines of South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Barasentosa Lestari - Indonesia
- Independent Power Producers Association of India
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- Videocon Industries ltd - India
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
- Uttam Galva Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Electricity Authority, New Zealand
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- Chettinad Cement Corporation Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- SN Aboitiz Power Inc, Philippines
- Deloitte Consulting - India
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- SMC Global Power, Philippines
- Leighton Contractors Pty Ltd - Australia
- Indogreen Group - Indonesia
- Xindia Steels Limited - India
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- Eastern Coal Council - USA
- Salva Resources Pvt Ltd - India
- Indonesian Coal Mining Association
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- CNBM International Corporation - China
- Ceylon Electricity Board - Sri Lanka
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Maheswari Brothers Coal Limited - India
- San Jose City I Power Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Latin American Coal - Colombia
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- Asmin Koalindo Tuhup - Indonesia
- Samtan Co., Ltd - South Korea
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
- Aditya Birla Group - India
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- Jindal Steel & Power Ltd - India
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- Georgia Ports Authority, United States
- Petron Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
- Minerals Council of Australia
- Edison Trading Spa - Italy
- Antam Resourcindo - Indonesia
- Mintek Dendrill Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- Heidelberg Cement - Germany
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- Essar Steel Hazira Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Tata Chemicals Ltd - India
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