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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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Wednesday, 27 May 09
EUROPEAN COAL PRICES FOR 2010 SETTLEMENT DROP TO 11-DAY LOW - BLOOMBERG
Benchmark European coal derivatives declined to an 11-day low as oil prices slumped.
Coal for delivery to Amsterdam, Rotterdam or Antwerp with se ...
Tuesday, 26 May 09
NEW MINING PERMITS TO BE OBTAINABLE WITHIN TWO WEEKS' TIME - MAJALAHTAMBANG
The Indonesian government is currently formulating a procedure for companies willing to obtain mining permits (IUP in its Indonesian abbreviation). ...
Tuesday, 26 May 09
KADIN CALLS FOR BIGGER RECOGNITION OF MINING SECTOR - MAJALAHTAMBANG
The Indonesian Chamber of Commerce and Industry (KADIN Indonesia) had called other sectors, particularly the forestry and the land administration se ...
Tuesday, 26 May 09
TUTICORIN PORT TO INVEST RS 700CR FOR COAL HANDLING FACILITIES
Business Standard reported that, The Tuticorin Port will develop coal handling facilities for state-run Neyveli Lignite Corporation (NLC) and Coasta ...
Monday, 25 May 09
MMTC TO IMPORT 12.5 MN TN COAL FOR NTPC
India's State-run trading firm MMTC Ltd will import 12.5 million tonnes of coal this fiscal for the country’s largest power producer, NTPC. M ...
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- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- Altura Mining Limited, Indonesia
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- Bayan Resources Tbk. - Indonesia
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Madhucon Powers Ltd - India
- SMG Consultants - Indonesia
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- Tamil Nadu electricity Board
- Kartika Selabumi Mining - Indonesia
- Medco Energi Mining Internasional
- Economic Council, Georgia
- Independent Power Producers Association of India
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Orica Australia Pty. Ltd.
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- Planning Commission, India
- Tata Chemicals Ltd - India
- Carbofer General Trading SA - India
- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Bukit Asam (Persero) Tbk - Indonesia
- New Zealand Coal & Carbon
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- Straits Asia Resources Limited - Singapore
- Bukit Makmur.PT - Indonesia
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- Australian Commodity Traders Exchange
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Agrawal Coal Company - India
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Formosa Plastics Group - Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Malabar Cements Ltd - India
- Ministry of Transport, Egypt
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- Ind-Barath Power Infra Limited - India
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- Electricity Authority, New Zealand
- MS Steel International - UAE
- VISA Power Limited - India
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bharathi Cement Corporation - India
- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- San Jose City I Power Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Meralco Power Generation, Philippines
- Ministry of Mines - Canada
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- London Commodity Brokers - England
- Mintek Dendrill Indonesia
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
- Iligan Light & Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Kalimantan Lumbung Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- Marubeni Corporation - India
- Central Electricity Authority - India
- Dalmia Cement Bharat India
- Coalindo Energy - Indonesia
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Siam City Cement - Thailand
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