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Wednesday, 29 July 09
INDIA HUNGRY FOR OUR COKING COAL ASSETS
 The Australian reported that, INDIA is about to embark on a program of rapid coal sector acquisitions in Australia as it looks to plug a huge annual gap between supply and demand expected in the next three years.
State-owned Coal India, the world's biggest coal producer, has called for expressions of interest from potential coal mining partners by the end of August as it looks to fill unprecedented growth in local demand.
"The gap between coal demand on Coal India and envisaged domestic coal supply potential in 2011-12 is in excess of 200 million tonnes," Coal India said in the expression of interest document obtained by The Australian.
"The emerging business environment, therefore, necessitates immediate acquisition of coal resources abroad," the company said.
Australia and the US have been targeted for coking coal investment, with Indonesia and South Africa earmarked for thermal coal.
Under its 11th five-year development plan, India is aiming to provide all villages and houses below the poverty line with power and to boost economic growth to 10 per cent by 2011-12.
This is expected to push annual combined Indian demand for coking and thermal coal to more than 700 million tonnes a year.
Coal India produces about 420 million tonnes of coal a year and makes up the vast bulk of India's domestic coal production.
The expression of interest invitation says Coal India's short-term ambition is to buy equity stakes in operating mines and to tie up long-term offtake agreements to immediately start imports.
In the medium term, it is looking to take a larger stake in developing mines and new projects that would come into production in two or three years.
India's push for Australian coking coal assets comes as record Chinese demand is buoying the sector and traditional buyers are returning, though it is unclear how long this fresh demand will hold up.
India, which before China's recent surge was the second-biggest buyer of Australian coking coal after Japan, has little presence on the mining side here, which is dominated by global miners BHP Billiton, Rio Tinto, Xstrata, AngloAmerican and Peabody Energy.
ASX-listed Gujarat NRE Minerals, which is 82 per cent owned by Indian importer Gujarat NRE Coke, has two coking coal mines near Wollongong and hopes to boost production here from less than 1 million tonnes a year to 7 million tonnes a year.
Gujarat also has a hostile bid on the table for minnow Rey Resources, which has a large thermal coal resource in the Canning Basin in northern Western Australia that Rey wants to develop to feed Indian demand.
Some recent Indian estimates of the annual coal shortfall predict higher domestic production and see imports of only 50 million to 100 million tonnes a year.
However, Peabody president Rick Navarre last week said Indian officials had told him up to 200 million tonnes a year of imports would be needed over the next five years.
"Even if only half of this occurs, it is a tremendous demand increase for the seaborne markets," he said.
Source: The Australian
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Tuesday, 28 July 09
BUKIT ASAM ENJOYS STRONG FIRST HALF
The Jakarta Post reported that, state coal miner PT Tambang Batubara Bukit Asam (PTBA) enjoyed a strong first half performance with six-month net pr ...
Tuesday, 28 July 09
NEWCASTLE LOADED 1.943 MILLION TONS OF COAL IN THE WEEK ENDED 27TH JULY 2009
COALspot.com (Singapore) : The volume exported from Australia’s Newcastle port in the week ended - 07:00 hours 27 July 2009 ...
Monday, 27 July 09
INDIA PAYING HIGHEST PRICE FOR S.AFRICA COAL - PRODUCERS
* Spread between South African and Pacific origin coal very wide
* Lack of European buying makes India indicator of value
Reuters reported that, ...
Monday, 27 July 09
TAIWAN'S FORMOSA EYES S.AFRICAN COAL FOR Q4: TRADE
Reuters reported that, Taiwan's Formosa Plastics Group is looking to buy two South African thermal coal cargoes for delivery in the fourth-quarter, ...
Monday, 27 July 09
ADANI POWER'S $625 MILLION IPO TO GENERATE HOT DEMAND
WSJ reported that, Adani Power, the electricity generating unit of India's Adani Enterprises Ltd., is set raise up to US$625 million in wha ...
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- PNOC Exploration Corporation - Philippines
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- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Electricity Authority - India
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- Indian Oil Corporation Limited
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- Africa Commodities Group - South Africa
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- Semirara Mining and Power Corporation, Philippines
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- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
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- Global Coal Blending Company Limited - Australia
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- Intertek Mineral Services - Indonesia
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- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
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- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
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- Essar Steel Hazira Ltd - India
- Australian Coal Association
- GN Power Mariveles Coal Plant, Philippines
- Bukit Baiduri Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
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- Videocon Industries ltd - India
- Medco Energi Mining Internasional
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- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Ministry of Finance - Indonesia
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- TNB Fuel Sdn Bhd - Malaysia
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
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- Ceylon Electricity Board - Sri Lanka
- Metalloyd Limited - United Kingdom
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
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- Eastern Energy - Thailand
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- Krishnapatnam Port Company Ltd. - India
- PTC India Limited - India
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Parliament of New Zealand
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- Petron Corporation, Philippines
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- Chamber of Mines of South Africa
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- Wilmar Investment Holdings
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
- Straits Asia Resources Limited - Singapore
- Banpu Public Company Limited - Thailand
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
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- Romanian Commodities Exchange
- Singapore Mercantile Exchange
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- Ministry of Transport, Egypt
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
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- IEA Clean Coal Centre - UK
- Sree Jayajothi Cements Limited - India
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- The University of Queensland
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
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- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- Ambuja Cements Ltd - India
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- Binh Thuan Hamico - Vietnam
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- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- International Coal Ventures Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- Kumho Petrochemical, South Korea
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- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- SMG Consultants - Indonesia
- Planning Commission, India
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Global Business Power Corporation, Philippines
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- Baramulti Group, Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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