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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, 04 June 09
ASIA COAL - PRICES RISE TO 31/2 MTH HIGH ON OIL, ECONOMY - INTERACTIVE INVESTOR
Interactive Investor reported that, Prices of power-station coal from Australia, a benchmark for Asia, rose to a three-and-a-half-month high of over ...
Thursday, 04 June 09
PTT: RESTRUCTURING BUSINESS, DIVERSIFYING INTO COAL - EASYBOURSE
Thailand's largest energy conglomerate, PTT PCL (PTT.TH), will diversify into coal as part of its business restructuring, Senior Executive Vice Pre ...
Thursday, 04 June 09
ADARO SECURES THREE NEW CONTRACTS, SAYS OUTLOOK POSITIVE - THE JAKARTA POST
Publicly listed PT Adaro Energy, the country's second largest coal miner, announced Wednesday it had secured three new coal contracts from buyers f ...
Wednesday, 03 June 09
XSTRATA, KOMIPO AGREE SOME '09 COAL TONNAGE AT $63/T- REUTERS
South Korean utility Korea Midland Power Co (KOMIPO) has agreed to buy part of its 2009 term contract tonnage from Xstrata's coal unit at about $63 ...
Wednesday, 03 June 09
KOSEP SEEKS UP TO 3 MLN TONNES OF COAL - REUTERS
Korea South-East Power Co Ltd (KOSEP) has issued four tenders seeking a total of 3 million tonnes of coal for delivery between 2009 to 2011, a tende ...
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- Oldendorff Carriers - Singapore
- European Bulk Services B.V. - Netherlands
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Ministry of Transport, Egypt
- Indonesian Coal Mining Association
- Indo Tambangraya Megah - Indonesia
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- Timah Investasi Mineral - Indoneisa
- Star Paper Mills Limited - India
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- London Commodity Brokers - England
- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- Kaltim Prima Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
- Savvy Resources Ltd - HongKong
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- Miang Besar Coal Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- Agrawal Coal Company - India
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- The University of Queensland
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- Lanco Infratech Ltd - India
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Karaikal Port Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- Coal and Oil Company - UAE
- Aditya Birla Group - India
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Economic Council, Georgia
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Dalmia Cement Bharat India
- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- Australian Coal Association
- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- Standard Chartered Bank - UAE
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- Vizag Seaport Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- Mercator Lines Limited - India
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Renaissance Capital - South Africa
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- New Zealand Coal & Carbon
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- Central Java Power - Indonesia
- Kepco SPC Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mjunction Services Limited - India
- Coalindo Energy - Indonesia
- MS Steel International - UAE
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Videocon Industries ltd - India
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- Sical Logistics Limited - India
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- PetroVietnam Power Coal Import and Supply Company
- Trasteel International SA, Italy
- GN Power Mariveles Coal Plant, Philippines
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
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