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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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Tuesday, 13 February 24
WHAT IS THE OUTLOOK FOR THE NATURAL GAS SPOT PRICE IN 2024 AND 2025? EIA
We expect the U.S. benchmark Henry Hub natural gas spot price to average higher in 2024 and 2025 than in 2023, but to remain lower than $3.00 per m ...
Monday, 12 February 24
US THERMAL COAL EXPORTS HIT 5-YEAR HIGHS AND TOP $5 BLN IN 2023 - REUTERS
United States exporters of thermal coal earned more than $5 billion in 2023 as they shipped out more than 32.5 million metric tons of the high-poll ...
Tuesday, 06 February 24
NEW E-FUELS PROJECT TO MAKE INTERNATIONAL SHIPPING CLIMATE-NEUTRAL - RINA
Transport and trade on the ocean blue must be made much greener. This is the goal of the new €17 million European GAMMA project, where compani ...
Tuesday, 06 February 24
INDIA SEES ANNUAL COAL OUTPUT UP 10.9% IN 2024/25 - REUTERS
India expects domestic coal output to increase by 10.9% to 1.13 billion metric tons in the fiscal year ending March 2025, a senior government offic ...
Tuesday, 06 February 24
INDIA'S COAL PRODUCTION INCREASES BY 10.3% TO 99.73 MILLION TONNE IN JANUARY - PTI
The country’s coal output rose 10.3 per cent to 99.73 Million Tonne (MT) in January, over the same month in the previous fiscal.
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- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- Bharathi Cement Corporation - India
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Australian Coal Association
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Maharashtra Electricity Regulatory Commission - India
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Indogreen Group - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- Vedanta Resources Plc - India
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Siam City Cement PLC, Thailand
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Rashtriya Ispat Nigam Limited - India
- Rio Tinto Coal - Australia
- Global Green Power PLC Corporation, Philippines
- Antam Resourcindo - Indonesia
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- New Zealand Coal & Carbon
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- Samtan Co., Ltd - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Pendopo Energi Batubara - Indonesia
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bahari Cakrawala Sebuku - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indo Tambangraya Megah - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- Ministry of Transport, Egypt
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Timah Investasi Mineral - Indoneisa
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Ind-Barath Power Infra Limited - India
- Power Finance Corporation Ltd., India
- Chamber of Mines of South Africa
- Indika Energy - Indonesia
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- Salva Resources Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- VISA Power Limited - India
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- Africa Commodities Group - South Africa
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Coal Council - USA
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Kepco SPC Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- Minerals Council of Australia
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Agrawal Coal Company - India
- Kideco Jaya Agung - Indonesia
- IHS Mccloskey Coal Group - USA
- Wilmar Investment Holdings
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- SMG Consultants - Indonesia
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- Edison Trading Spa - Italy
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Commonwealth Bank - Australia
- Marubeni Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- European Bulk Services B.V. - Netherlands
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- Energy Link Ltd, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- Bukit Makmur.PT - Indonesia
- Central Electricity Authority - India
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Indian Energy Exchange, India
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
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