September 17, 2013
The trade deficit has fallen to 1.5 billion according to the National Statistical Office of Mongolia.
As estimated, total export turnovers reached 6.9 billion US dollars in the first 8 months but fell to 7.6 percent compared to the same period of last year. More…
September 16, 2013
Source: The New York Times
The partial collapse of a coal mine in northern Afghanistan has killed at least 20 coal miners and injured 14 others, officials said Sunday. Many of those who died suffocated. More…
September 4, 2013
Source: Kabar News
On Monday Prime Minister of Kyrgyzstan Jantoro Satybaldiev met in Urumqi with chairman of the Board of Directors of China’s TBEA Co. Zhang Xin.
Zhang Xin said that his company is interested in developing Karakeche coal mine in Kyrgyzstan and is ready to develop a feasibility study for the Karakeche coal mine at its own expense. He also stressed that his company works in more than 60 countries of the world. More…
August 30, 2013
Source: The News International
A ceremony for the signing of MoUs between federal, Punjab governments, China National Power and Q-Investment Qatar for over 6,600 MW coal-based projects worth more than $5 billion was held on Thursday.
Punjab Chief Minister Shahbaz Sharif, Federal Water and Power Minister Kh Asif, provincial ministers, various federal and provincial secretaries as well as senior officers concerned were present. More…
August 27, 2013
GDF Suez SA (GSZ) led a group selected to build a $1.2 billion coal-fired power plant in Ulaanbaatar, as Mongolia seeks to ease pressure on the capital’s Soviet-era power infrastructure.
GDF, Sojitz Corp., Posco Energy Corp. and Mongolia’s Newcom Group, today signed a memorandum of understanding at Mongolia’s energy ministry to build a combined heat and power plant, Energy Minister Mishig Sonompil told reporters. More…
August 23, 2013
Source: Times of Central Asia
Uzbekugol (Uzbek Coal), monopoly coal producer in Uzbekistan, between 2013 and 2017 will invest $78.5 million in modernization of its railway subdivision, the company said.
The modernization provides for the purchase of more than 200 railroad machinery including new locomotives. The purchase will be financed through loans of Uzbek banks. More…
August 22, 2013
Source: Mining Weekly
Toronto- and Hong Kong-listed SouthGobi Resources has withdrawn its ‘notice of investment dispute’, which it filed with the Mongolian government in July last year, after it was granted three premining agreements (PMAs).
The PMAs now paves the way for the company to progress to the mining licence application stage. More…
June 18, 2013
Reposted from The Cambodia Daily
Cambodia still relies heavily on energy imported from neighboring countries.
By Kaing Menghun and Simon Henderson
National energy supplier Electricite du Cambodge (EdC) on Monday announced that a 50-MW coal-fired power plant in Preah Sihanouk province is ready to come online this week and will solve Phnom Penh’s chronic blackouts.
In recent months, Phnom Penh, Kandal and Kompong Speu provinces have experienced a continuous spate of power outages during hours of maximum electricity usage due to hot weather and a lack of water in the country’s few hydropower dams. More…
May 13, 2013
Reposted from Bloomberg Businessweek
By Michael Kohn
Mongolia’s economic growth slowed in the first quarter after coal prices fell and moderating Chinese demand reduced the nation’s exports.
Gross domestic product, as measured by production in constant prices, grew 7.2 percent from a year ago, the National Statistical Office of Mongolia said on its website today. That compares with the 16.7 percent pace of expansion for the same period last year and a 12.3 percent annual rate for 2012. More…
May 8, 2013
Reposted from the South China Morning Post
Tavan Tolgoi contains up to 7.5 billion tonnes of high-quality coal.
By Reuters in Ulan Bator
Mongolia’s plan to develop the untapped western block of its massive Tavan Tolgoi coal mine will help raise cash from new customers to offset an exclusive but loss-making supply deal with China’s Chalco, an official with the mine’s developer said.
The mine’s state-owned operator, Erdenes Tavan Tolgoi (ETT), expects to begin exporting coal from the West Tsankhi coal field in the third quarter of this year after opening it up to tender last week, said Tsagaan-Uvgun Delgersaikhan, the head of mine planning at the firm. More…