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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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Thursday, 23 July 09
COAL IMPORTS SURGE; EXPORTS DOWN IN H1
China Trade Information reported that, China’s coal imports surged by 126.3 percent year-on-year in the first half of 2009, reaching 48.3 mill ...
Thursday, 23 July 09
SRI LANKA CALLS FOR COAL SUPPLY BIDS
Daily Mirro reported that, In a move to install the country’s first coal power plant, Sri Lanka has invited bids to supply 2.4 million metric ...
Thursday, 23 July 09
POWER INVESTORS TURN BACKS ON VIETNAMESE COAL IMPORTERS
VietNamNet Bridge reported that, Investors of power plants always seek foreign coal sources to import themselves, believing they can come by it chea ...
Wednesday, 22 July 09
BERAU COAL DRAWS LOCAL, CHINESE BIDS - SOURCES
* Indonesian coal firm draws local, Chinese bids-sources
* Deal could value Berau at more than $1 billion-sources
Reuters reported that, China' ...
Wednesday, 22 July 09
ONE TENDERS FOR 114,000 MT FOR NOV-JAN
Moroccan state-owned power utility Office National de l’Electricité (ONE) has launched a tender for three handymax shipments of coal fo ...
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- Australian Coal Association
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- Indika Energy - Indonesia
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- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
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- Electricity Authority, New Zealand
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- The University of Queensland
- CNBM International Corporation - China
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- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
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- Global Coal Blending Company Limited - Australia
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- Coal and Oil Company - UAE
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- LBH Netherlands Bv - Netherlands
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- Ministry of Transport, Egypt
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- Alfred C Toepfer International GmbH - Germany
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- Thai Mozambique Logistica
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- Bangladesh Power Developement Board
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- Energy Link Ltd, New Zealand
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- Bahari Cakrawala Sebuku - Indonesia
- Economic Council, Georgia
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- Aditya Birla Group - India
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Ministry of Finance - Indonesia
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- Parliament of New Zealand
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- Latin American Coal - Colombia
- International Coal Ventures Pvt Ltd - India
- Mercator Lines Limited - India
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- Bhoruka Overseas - Indonesia
- Bharathi Cement Corporation - India
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- European Bulk Services B.V. - Netherlands
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- Kumho Petrochemical, South Korea
- Renaissance Capital - South Africa
- Planning Commission, India
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- Singapore Mercantile Exchange
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- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
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- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
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- Maharashtra Electricity Regulatory Commission - India
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- GN Power Mariveles Coal Plant, Philippines
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- White Energy Company Limited
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- Makarim & Taira - Indonesia
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- Semirara Mining Corp, Philippines
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Goldman Sachs - Singapore
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Kartika Selabumi Mining - Indonesia
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- Orica Australia Pty. Ltd.
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- Anglo American - United Kingdom
- Central Electricity Authority - India
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