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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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Friday, 17 July 09
THE NEW LAW OF MINERAL AND COAL MINING NO 4/2009 CREATE CONDUCIVE CLIMATE OF INVESTMENT IN INDONESIA
COALspot.com (Indonesia): The new Law of Mineral and Coal Mining No 4/2009, which replaces the old mining law No. 11/1967 has been signed by the Pre ...
Friday, 17 July 09
INDIA COAL TRADERS MUST OWN POWER, MINES - C&O BOSS
· Coal traders need to diversify to grow
· Coastal Energen to build first merchant power plant
· Tamil Nadu to see st ...
Friday, 17 July 09
CHINA SHENHUA ENERGY'S COAL OUTPUT SWELLS 17.6% IN H1
China Knowledge reported that, China Shenhua Energy Co Ltd, which is engaged in the coal mining, power generation and transportation businesses, on ...
Thursday, 16 July 09
CHINA ISSUES SECOND BATCH OF '09 EXPORT QUOTAS
China has issued 25 million tonnes of coal export quotas for the second batch this year, the National Development and Reform Commission said Wednesd ...
Thursday, 16 July 09
NTPC TO ENGAGE BANKERS TO ACQUIRE OVERSEAS COAL MINES
The Hindu reported that, State-run power generation company NTPC said it would appoint merchant bankers next month for acquiring coal mines identifi ...
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- Petrochimia International Co. Ltd.- Taiwan
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- Posco Energy - South Korea
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- Port Waratah Coal Services - Australia
- Simpson Spence & Young - Indonesia
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Bank of Tokyo Mitsubishi UFJ Ltd
- Anglo American - United Kingdom
- Holcim Trading Pte Ltd - Singapore
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
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- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- Global Coal Blending Company Limited - Australia
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- Banpu Public Company Limited - Thailand
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
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- Electricity Authority, New Zealand
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- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
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- Directorate Of Revenue Intelligence - India
- Central Electricity Authority - India
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- Ministry of Finance - Indonesia
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- ICICI Bank Limited - India
- LBH Netherlands Bv - Netherlands
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- Indian Oil Corporation Limited
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- Mintek Dendrill Indonesia
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- Intertek Mineral Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Parry Sugars Refinery, India
- White Energy Company Limited
- Indika Energy - Indonesia
- Minerals Council of Australia
- Latin American Coal - Colombia
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- Ministry of Mines - Canada
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
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- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
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- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- The University of Queensland
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- Leighton Contractors Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- International Coal Ventures Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Sree Jayajothi Cements Limited - India
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- Uttam Galva Steels Limited - India
- Planning Commission, India
- Essar Steel Hazira Ltd - India
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Interocean Group of Companies - India
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
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- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- Carbofer General Trading SA - India
- European Bulk Services B.V. - Netherlands
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Siam City Cement - Thailand
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
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- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Agrawal Coal Company - India
- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
- MS Steel International - UAE
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
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- Timah Investasi Mineral - Indoneisa
- Mercator Lines Limited - India
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- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- Samtan Co., Ltd - South Korea
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- OPG Power Generation Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
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- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
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- Merrill Lynch Commodities Europe
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- Cigading International Bulk Terminal - Indonesia
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- Australian Commodity Traders Exchange
- PTC India Limited - India
- Aditya Birla Group - India
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