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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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Monday, 23 July 12
NTPC INVITES BIDS FOR 2.6 MILLION TONS OF LOW MOISTURE IMPORTED COAL
COALspot.com - India’s largest electricity generator, NTPC Limited, incorporated in 1975 as a public sector company wholly owned by Government ...
Sunday, 22 July 12
NEW CHAIRMAN FOR AUSTRALIAN COAL ASSOCIATION
The Australian Coal Association (ACA) announced that Mr Ross Willims has been appointed as its new independent Chairman effective November 5 2012. M ...
Sunday, 22 July 12
CENTRAL KALIMANTAN COAL RAILWAY NETWORK WILL BE BUILT BY 2015 - THE BORNEO POST
The borneo post reported that, a declaration to build a coal railway network is signed today (12/07/2012) in front of the Indonesian Vice President ...
Sunday, 22 July 12
COAL PRICES IN MIXED TRENDS; STOCKS REMAIN HIGH AT BOTH ENDS
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for September 2012 delivery fell 0.99 percent on last Friday closing (d-o-d) and 1.19 percent com ...
Sunday, 22 July 12
TATA POWER SIGNS A LONG TERM COAL SUPPLY AGREEMENT WITH PT ANTANG GUNUNG MERATUS, INDONESIA
COALspot.com - Tata Power, India’s largest integrated power utility, last Friday announced that it has signed a long term coal suppl ...
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- Parliament of New Zealand
- Coal and Oil Company - UAE
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Medco Energi Mining Internasional
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Marubeni Corporation - India
- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Indonesian Coal Mining Association
- Chettinad Cement Corporation Ltd - India
- Lanco Infratech Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Cigading International Bulk Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- Electricity Generating Authority of Thailand
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Australian Coal Association
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- Siam City Cement - Thailand
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- PowerSource Philippines DevCo
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Economic Council, Georgia
- Kaltim Prima Coal - Indonesia
- Latin American Coal - Colombia
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- Makarim & Taira - Indonesia
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- Samtan Co., Ltd - South Korea
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- India Bulls Power Limited - India
- Deloitte Consulting - India
- MS Steel International - UAE
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- The University of Queensland
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- Posco Energy - South Korea
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- Malabar Cements Ltd - India
- Anglo American - United Kingdom
- Offshore Bulk Terminal Pte Ltd, Singapore
- VISA Power Limited - India
- Edison Trading Spa - Italy
- Savvy Resources Ltd - HongKong
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- Antam Resourcindo - Indonesia
- Alfred C Toepfer International GmbH - Germany
- TeaM Sual Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- Meralco Power Generation, Philippines
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
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