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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, 12 June 09
THERMAL COAL PRICE REMAINS STABLE IN SHANXI - STEEL GURU
It is reported that coming into June, no major changes are seen in coal supply-demand relations in Shanxi province. Statistics of Qinhuangdao port, ...
Thursday, 11 June 09
PT NALCO PLANS TO CONSTRUCT COAL-FIRED POWER PLANT IN SOUTH SUMATRA - ENERGY BUSINESS REVIEW
PT Nalco (National Aluminium Company Limited), an Indian-based company, plans to construct a coal-fired power plant in South Sumatra. The company in ...
Thursday, 11 June 09
COAL PRODUCERS TO SEE BOOST IN DEMAND FROM ASIA PACIFIC - JAKARTA POST
The Jakarta Post reported that, at the recent 15th Coaltrans conference in Bali, we noted concerns related to rising oil prices at a faster pace tha ...
Wednesday, 10 June 09
BHP TO CUT 450 JOBS AT INDONESIAN COAL PROJECT - REUTERS
Reuters reported that, BHP Billiton Ltd will lay off all 450 workers at its Indonesian coal project after deciding not to go ahead with the pr ...
Monday, 08 June 09
PTC INDIA TO ACQUIRE COAL MINES IN AUSTRALIA, INDONESIA - PTI NEWS
PTI reported that, State-owned Power Trading Corp today said it would acquire coal properties overseas and has identified mines in Australia and Ind ...
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- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- Electricity Authority, New Zealand
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Anglo American - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
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- Orica Mining Services - Indonesia
- Marubeni Corporation - India
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- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Karaikal Port Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Singapore Mercantile Exchange
- Meenaskhi Energy Private Limited - India
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
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- Ministry of Mines - Canada
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- Indian Energy Exchange, India
- Alfred C Toepfer International GmbH - Germany
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- South Luzon Thermal Energy Corporation
- Oldendorff Carriers - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Larsen & Toubro Limited - India
- Sindya Power Generating Company Private Ltd
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- Directorate Of Revenue Intelligence - India
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- Economic Council, Georgia
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Xindia Steels Limited - India
- Global Coal Blending Company Limited - Australia
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- Petron Corporation, Philippines
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- Barasentosa Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- Holcim Trading Pte Ltd - Singapore
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- SMC Global Power, Philippines
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
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- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- Central Java Power - Indonesia
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
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- CNBM International Corporation - China
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
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- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercator Lines Limited - India
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- Indian Oil Corporation Limited
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- Mercuria Energy - Indonesia
- Interocean Group of Companies - India
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
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- Siam City Cement PLC, Thailand
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- VISA Power Limited - India
- Planning Commission, India
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- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
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- Thiess Contractors Indonesia
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- PowerSource Philippines DevCo
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Agrawal Coal Company - India
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