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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, 14 July 09
NEWCASTLE WEEKLY COAL EXPORTS RISE 11%; SHIP QUEUE DECREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, gained 11 ...
Monday, 13 July 09
EXPORT COAL PRODUCTION FROM MOOIPLAATS COULD START IN NOVEMBER
Mining Weekly reported that, South Africa-focused emerging miner Coal of Africa (CoAL) has completed a revised mining layout for its Mooiplaats ...
Monday, 13 July 09
NAPOCOR AWARDS 195,000 T COAL TO INDONESIAN FIRMS
ABC-CBN News reported that, Philippine electricity producer National Power Corp (Napocor) has awarded 195,000 tons in coal supply contracts to two I ...
Monday, 13 July 09
PAKISTAN TO IMPORT ABOUT 2.4 MILLION TONS OF INDONESIAN COAL AND 1.6 MILLION TON OF SOUTH AFRICAN COAL WITHIN NEXT 12 MONTHS
COALspot.com (Pakistan) : Pakistan has exported well over 12 million tons of cement while local sales have dropped a bit with the result 33 million to ...
Monday, 13 July 09
COAL SECTOR IN VIETNAM INCREASE THE TARGET 43 MILLION TONNES THIS YEAR
Asian Mining Stock reported that, there was a change in a very good Coal Mining Industries Group (TKV) that Vietnam has decided to increase coa ...
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- Savvy Resources Ltd - HongKong
- Karbindo Abesyapradhi - Indoneisa
- Ind-Barath Power Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- Semirara Mining Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Baiduri Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- GVK Power & Infra Limited - India
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- Simpson Spence & Young - Indonesia
- Electricity Authority, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- Anglo American - United Kingdom
- Vizag Seaport Private Limited - India
- Parry Sugars Refinery, India
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Bhatia International Limited - India
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Independent Power Producers Association of India
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- SMC Global Power, Philippines
- PTC India Limited - India
- Neyveli Lignite Corporation Ltd, - India
- ICICI Bank Limited - India
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Deloitte Consulting - India
- Antam Resourcindo - Indonesia
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- White Energy Company Limited
- Makarim & Taira - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- Metalloyd Limited - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- Sindya Power Generating Company Private Ltd
- Agrawal Coal Company - India
- Economic Council, Georgia
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Siam City Cement PLC, Thailand
- Siam City Cement - Thailand
- Parliament of New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Essar Steel Hazira Ltd - India
- International Coal Ventures Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- SMG Consultants - Indonesia
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Holcim Trading Pte Ltd - Singapore
- Cement Manufacturers Association - India
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Carbofer General Trading SA - India
- Jorong Barutama Greston.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Australian Coal Association
- Mercuria Energy - Indonesia
- Orica Australia Pty. Ltd.
- Sical Logistics Limited - India
- New Zealand Coal & Carbon
- Grasim Industreis Ltd - India
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- The University of Queensland
- Vedanta Resources Plc - India
- Uttam Galva Steels Limited - India
- Gujarat Sidhee Cement - India
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- Semirara Mining and Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Energy Development Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sarangani Energy Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Mjunction Services Limited - India
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- Minerals Council of Australia
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- Oldendorff Carriers - Singapore
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
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