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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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Wednesday, 16 September 09
NAPOCOR GETS 3 OFFERS IN COAL TENDER
ABS-CBN news reported that, The Philippines' state-run National Power Corp. (Napocor) said on Wednesday it received offers from 3 Indonesian firms ...
Wednesday, 16 September 09
S.KOREA KOSEP BUYS 1.06 MLN T COAL-SOURCE
* 6,080 kcal/kg at $63-65, 4,900-5,350 kcal/kg at $56-58
* Initially about 5 mln T offered for tender
Reuters reported that, Korea South ...
Tuesday, 15 September 09
CHINA COAL EXPORT ROSE M-O-M FOR THE STRAIGHT 3 MONTHS
Alibaba reported that, In the January-August period, China coal exports slid by 55.9% to 14.83mln tons month on month. In August, China exported 1.9 ...
Monday, 14 September 09
CIL MAY REDUCE FLOOR PRICE OF E-AUCTION COAL
After receiving a lukewarm response to the forward e-auction started in two of its subsidiaries, Coal India Limited (CIL) is mulling to reduce the f ...
Monday, 14 September 09
INDONESIAN GOVT UPBEAT ABOUT $1.5B, 185-KM COAL RAILWAY PROJECT
In addition to a 30-year concession right, the government will also award a competitive pricing scheme as an incentive to lure investors in a US$1.5 ...
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- Kalimantan Lumbung Energi - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Manunggal Multi Energi - Indonesia
- Siam City Cement - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Neyveli Lignite Corporation Ltd, - India
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- Heidelberg Cement - Germany
- Indika Energy - Indonesia
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Mjunction Services Limited - India
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Cigading International Bulk Terminal - Indonesia
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Riau Bara Harum - Indonesia
- London Commodity Brokers - England
- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- Central Electricity Authority - India
- Savvy Resources Ltd - HongKong
- Videocon Industries ltd - India
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- Mercator Lines Limited - India
- Bhoruka Overseas - Indonesia
- Meenaskhi Energy Private Limited - India
- Energy Link Ltd, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- SMC Global Power, Philippines
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- VISA Power Limited - India
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- Ambuja Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercuria Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Tamil Nadu electricity Board
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Sakthi Sugars Limited - India
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- IHS Mccloskey Coal Group - USA
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Kumho Petrochemical, South Korea
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- AsiaOL BioFuels Corp., Philippines
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- Aditya Birla Group - India
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- Bharathi Cement Corporation - India
- Wood Mackenzie - Singapore
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- Australian Commodity Traders Exchange
- ASAPP Information Group - India
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Eastern Energy - Thailand
- Planning Commission, India
- Thiess Contractors Indonesia
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- Standard Chartered Bank - UAE
- LBH Netherlands Bv - Netherlands
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- Indian Energy Exchange, India
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- Kobexindo Tractors - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Sidhee Cement - India
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- White Energy Company Limited
- PTC India Limited - India
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- CNBM International Corporation - China
- Goldman Sachs - Singapore
- Ceylon Electricity Board - Sri Lanka
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