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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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Saturday, 25 July 09
HUANENG EYES MAJORITY STAKE IN PT BERAU COAL
CCTV reported that, China's largest publicly traded power company has submitted a bid for controlling stake in Indonesia's fifth largest coal mine ...
Saturday, 25 July 09
ADANI POWER TO IMPORT COAL FOR MUNDRA PLANT
BL reported that more than 50% of the coal requirement for Adani Power’s 4,620 MW Mundra plant will have to be imported from Indonesia though ...
Friday, 24 July 09
INDONESIAN COAL NEWS - UPDATE
Income from tax slow
Since the economic crisis in October 2008 until now, tax from the general mining sector is slow. According to the Director Gene ...
Friday, 24 July 09
S.AFRICA JAN-JUNE EXPORTS TO ASIA AROUND 1.4 MLN T
* China takes 140-150,000 tonnes
* S.Korea imports zero
* Hong Kong utilites buy S.African coal
South African coal exports to Asia excluding India a ...
Friday, 24 July 09
BIG ADARO SHAREHOLDERS CREATE HOLDING COMPANY
The nation’s second-largest coal producer, PT Adaro Energy, said on Thursday that five key shareholders had merged their holdings in the compan ...
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- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- McConnell Dowell - Australia
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- Pipit Mutiara Jaya. PT, Indonesia
- AsiaOL BioFuels Corp., Philippines
- TeaM Sual Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Ambuja Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- The University of Queensland
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Power Finance Corporation Ltd., India
- Australian Coal Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ASAPP Information Group - India
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- Baramulti Group, Indonesia
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
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- New Zealand Coal & Carbon
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Iligan Light & Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Alfred C Toepfer International GmbH - Germany
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- PTC India Limited - India
- Indika Energy - Indonesia
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- Sindya Power Generating Company Private Ltd
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- Directorate Of Revenue Intelligence - India
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Parliament of New Zealand
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- Bukit Asam (Persero) Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Sical Logistics Limited - India
- Savvy Resources Ltd - HongKong
- Coal and Oil Company - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- Lanco Infratech Ltd - India
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- Independent Power Producers Association of India
- Heidelberg Cement - Germany
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- Aditya Birla Group - India
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karbindo Abesyapradhi - Indoneisa
- Xindia Steels Limited - India
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- International Coal Ventures Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- Anglo American - United Kingdom
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Indian Energy Exchange, India
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- Chamber of Mines of South Africa
- Directorate General of MIneral and Coal - Indonesia
- Singapore Mercantile Exchange
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- SMG Consultants - Indonesia
- Makarim & Taira - Indonesia
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- VISA Power Limited - India
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Coalindo Energy - Indonesia
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- ICICI Bank Limited - India
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- Indonesian Coal Mining Association
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- Star Paper Mills Limited - India
- Eastern Energy - Thailand
- Videocon Industries ltd - India
- San Jose City I Power Corp, Philippines
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- IEA Clean Coal Centre - UK
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- Kohat Cement Company Ltd. - Pakistan
- Billiton Holdings Pty Ltd - Australia
- Agrawal Coal Company - India
- Meenaskhi Energy Private Limited - India
- Jaiprakash Power Ventures ltd
- Thai Mozambique Logistica
- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- Global Business Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- Essar Steel Hazira Ltd - India
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
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