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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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Monday, 01 June 09
LAHAT RELIES ON COAL FOR GROWTH
Lahat regency in South Sumatra spans 6,618.27 square kilometers, encompasses 19 districts and covers 528 subdistricts and villages. It is inhabited ...
Monday, 01 June 09
LANDED COST OF IMPORTED COAL HAS INCREASED BY 10 - 15% COMPARE TO EARLY THIS YEAR - PAKISTAN TRADERS
COALspot.com (Pakistan): Due to visiting non commercial vessels occupied commercial berths in Karachi port, coal carrying vessels were sufferi ...
Monday, 01 June 09
LAHAT RELIES ON COAL FOR GROWTH - THE JAKARTA POST
Lahat regency in South Sumatra spans 6,618.27 square kilometers, encompasses 19 districts and covers 528 subdistricts and villages. It is inhabited ...
Saturday, 30 May 09
THE CHINESE IMPORTS OF IRON ORE,COAL AND NICKEL ORE SEEMED TO BE STEADY - VISTAAR SINGAPORE
COALspot.com (Singapore): VISTAAR Shipping Pte Limited, an experienced ship operator from Singapore,said, the Baltic index rally continued this week ...
Saturday, 30 May 09
COAL INDIA SIGNS FUEL SUPPLY AGREEMENT WITH NTPC - SINDHTODAY
India’s largest coal miner Coal India Friday inked a much-awaited fuel supply agreement (FSA) with power generation major NTPC Ltd.
In the ...
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- Sinarmas Energy and Mining - Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- McConnell Dowell - Australia
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- Latin American Coal - Colombia
- Alfred C Toepfer International GmbH - Germany
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
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- Bayan Resources Tbk. - Indonesia
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- The University of Queensland
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
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- Jaiprakash Power Ventures ltd
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- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- White Energy Company Limited
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- Meralco Power Generation, Philippines
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- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Mintek Dendrill Indonesia
- Tamil Nadu electricity Board
- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
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- Therma Luzon, Inc, Philippines
- Savvy Resources Ltd - HongKong
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- Australian Commodity Traders Exchange
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
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- Oldendorff Carriers - Singapore
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- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- Sarangani Energy Corporation, Philippines
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Xindia Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
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- Gujarat Electricity Regulatory Commission - India
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
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- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- GAC Shipping (India) Pvt Ltd
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- ASAPP Information Group - India
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Sakthi Sugars Limited - India
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- Semirara Mining Corp, Philippines
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- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- The State Trading Corporation of India Ltd
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- Altura Mining Limited, Indonesia
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Parliament of New Zealand
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Bhatia International Limited - India
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
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- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- Interocean Group of Companies - India
- The Treasury - Australian Government
- Minerals Council of Australia
- VISA Power Limited - India
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- Tata Chemicals Ltd - India
- Attock Cement Pakistan Limited
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- Marubeni Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Trasteel International SA, Italy
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- Videocon Industries ltd - India
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- PTC India Limited - India
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- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- Planning Commission, India
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