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Thursday, 17 September 09
INDIA SEEKS COAL
 IBT commodities reported that, India is on a coal buying spree. The big Asian nation is scrambling to cover an expected shortfall in domestic supply.
While Indian cement maker Gujarat Ambuja is seeking 200,000 tonnes of South African coal for late Q4 shipment, Australian firms Rio Tinto and Gina Rinehart's Hancock Prospecting are looking to sell state-owned giant Coal India stakes in thermal coal mines.
Coal India, the world's biggest coal miner, aims to import 50 million tonnes of thermal coal a year from Australia, Indonesia and Mozambique from 2016-17 to cover a forecast increase in demand for power, chairman Partha Bhattacharya said.
India imports Australian coking coal for its steel mills, but it takes only a fraction of Australia's 130 million tonnes a year of thermal coal exports.
Hancock, which is in the early stages of studies to build two large-scale Queensland thermal coalmines, and Rio, are understood to be among a number of Australian miners that have submitted expressions of interest to sell stakes in mines and projects to Coal India.
Rapid acquisitions
In July, Coal India said it would make rapid acquisitions of coal resources in major exporting countries as it looked to plug a potential 200 million tonnes a year shortfall by 2012.
India's 11th five-year development plan aims to provide all villages and houses below the poverty line with power and to boost economic growth to 10 per cent by 2011-12.
Bhattacharya said he planned to have a deal with one or more Australian miners within a year. He would not indicate what funds he had at his disposal.
Coal India is entertaining all levels of deals, from minority stakes in mines to becoming an operator and is said to be reportedly chasing stakes in large-scale mines of 10 million to 15 million tonnes a year.
The firm is also said to be eyeing acquisition of a mid-sized thermal coal block in Australia. This is in addition to the recent offers from a number of prospective 'strategic partners.'
Expression of interest
CIL has already received 15 expressions of interests (EoI) from Australia for strategic partnership. Apart from Australia, the company received 18 EoIs from Indonesia, 6 from South Africa and 13 from the US.
"We have received a total of 52 EoIs. Of the same 45 are from the mining companies and appear to be sound. A committee is set-up to shortlist the proposals," Bhattacharyya said. The CIL chairman will be visiting the US next week.
Indian miners do not produce any Australian thermal coal.
ASX-listed Gujarat NRE Minerals, which is 82 per cent owned by Indian importer Gujarat NRE Coke, is the only Indian-controlled coalminer in Australia. It has two coking coalmines near Wollongong, from which it hopes to boost production in Australia from less than one million tonnes a year to seven million tonnes.
Search on
Looking beyond its border for coal is India's largest power generator, NTPC, which is currently engaged in capacity addition of 22,430 mw by the end of 11th plan. The firm is said to be exploring opportunities for acquisition of coal blocks or coal mines in South Africa, Indonesia, Mozambique and Australia.
NTPC chairman and managing director RS Sharma said on Tuesday, "It is at a preliminary stage. As far as the acquisition of coal mines in Indonesia is concerned, NTPC has roped in Australian firm Macquarie as a consultant to do the due diligence."
Sharma said the NTPC board was yet to take any decision on acquiring mines or picking up minority stake in coal blocks in either of these countries.
NTPC sources, however, said the company plans to buy a minority stake in Kalimantau coal mines in Indonesia to achieve fuel security.
NTPC, which currently produces over 30,000mw, will need 150 million tonne of coal for 2009-10. It plans to import nearly 12 million tonne. After adding the proposed 22,430 mw by end of 2011-12, NTPC's coal requirement will shoot up to 225-250 million tonne. The company will import around 20 million tonne then.
NTPC hopes to produce 20 million tonne from its captive coal mines, which are under various stages of development. According to NTPC's corporate plan, the company has proposed a coal mining capacity of 50 million tonne per annum by 2017.
The company is currently developing four coal blocks - North Karanpura and Brahmini (both in Jharkhand), Ib Valley (Orissa), and Mand Raigarh (Chhattisgarh).
Initiating coverage
The strength in the Asian markets could "continue to lift US producers with significant overseas leverage," said Brean Murray, who has initiated coverage on the US coal space.
Source: IBT Commodities
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Friday, 25 September 09
INDONESIA STOCK EXCHANGE EXAMINES BUMI DEAL WITH CHINESE SOVEREIGN WEALTH FUND
The Jakarta globe reported that, The Indonesia Stock Exchange is looking into the $1.9 billion financing deal between PT Bumi Resources, the country ...
Friday, 25 September 09
FREIGHT RATE CUTS MAKING SOUTH AFRICAN COAL MORE COMPETITIVE IN ASIAN MARKETS
Mining Weekly reported that, Coaltrans South Africa MD Gerard Strahan highlighted the country’s sudden increase in coal exports to southern Ch ...
Friday, 25 September 09
XSTRATA TO BUILD ITS OWN RAIL CAPACITY TO SHIP AUSTRALIAN COAL
Bloomberg reported that, Xstrata Plc, the world’s largest exporter of coal used by power stations, will establish its own rail haulage capacit ...
Thursday, 24 September 09
INDIA CEMENT CO'S TO AWARD 200,000T COAL TENDER
Reuters reported that, India's biggest cement maker ACC Cement Ltd and Gujarat Ambuja will award on Thursday Sept 25 a tender for 100,000 tonnes ea ...
Thursday, 24 September 09
YUDEAN TO SIGN CO-OPERATION LETTER OF INTENT WITH RUSSIA COAL TRADE COMPANY
In the recent days, Gao Shiqiang, deputy manager of Yudean Group Co., Ltd. went and carried out the friendly talks with SUEK and inked the trade co- ...
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- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- Coalindo Energy - Indonesia
- Grasim Industreis Ltd - India
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
- VISA Power Limited - India
- Romanian Commodities Exchange
- Singapore Mercantile Exchange
- Tata Chemicals Ltd - India
- Xindia Steels Limited - India
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Wilmar Investment Holdings
- Marubeni Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- Uttam Galva Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Economic Council, Georgia
- Globalindo Alam Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Commonwealth Bank - Australia
- GAC Shipping (India) Pvt Ltd
- Sarangani Energy Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- PowerSource Philippines DevCo
- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- Toyota Tsusho Corporation, Japan
- Manunggal Multi Energi - Indonesia
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- India Bulls Power Limited - India
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Rio Tinto Coal - Australia
- Central Java Power - Indonesia
- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- The Treasury - Australian Government
- Port Waratah Coal Services - Australia
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Vizag Seaport Private Limited - India
- Planning Commission, India
- Sindya Power Generating Company Private Ltd
- Sojitz Corporation - Japan
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Ind-Barath Power Infra Limited - India
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
- Directorate Of Revenue Intelligence - India
- Parliament of New Zealand
- ICICI Bank Limited - India
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- SN Aboitiz Power Inc, Philippines
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Barasentosa Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Deloitte Consulting - India
- Bhatia International Limited - India
- Australian Commodity Traders Exchange
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Makarim & Taira - Indonesia
- The University of Queensland
- Central Electricity Authority - India
- MS Steel International - UAE
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- Neyveli Lignite Corporation Ltd, - India
- San Jose City I Power Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
- South Luzon Thermal Energy Corporation
- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
- Star Paper Mills Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Mjunction Services Limited - India
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
- Cement Manufacturers Association - India
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Larsen & Toubro Limited - India
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
- Petron Corporation, Philippines
- London Commodity Brokers - England
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- PetroVietnam Power Coal Import and Supply Company
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Bhushan Steel Limited - India
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
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