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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, 09 September 09
CHINESE INTEREST IN AUSTRALIA COAL TICKS UP AS PRICES FALL
After a lull of about two months, Australian thermal coal producers are now seeing renewed interest from Chinese buyers for spot cargoes in the four ...
Wednesday, 09 September 09
SALES FORECAST UP ON BETTER DISTRIBUTION
The Jakarta Post reported that, State coal producer PT Tambang Batubara Bukit Asam (PT BA) expects coal sales to rise by 11 percent next year as it ...
Wednesday, 09 September 09
NTPC HIRES MACQUARIE TO ADVISE INDONESIA COAL MINE PURCHASE
Bloomberg reported that, NTPC Ltd., Asia’s biggest power utility by value, has hired Macquarie Group Ltd. to evaluate a proposed coal mine pur ...
Tuesday, 08 September 09
SOUTH AFRICAN COAL FALLS MOST IN 11 WEEKS ON EXCESSIVE PRICES
Bloomberg reported that, Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the f ...
Tuesday, 08 September 09
INDIA MAY HAVE A JOINT WORKING GROUP FOR COAL WITH INDONESIA: SRIPRAKASH JAISWAL - PRESS RELEASE
Press Information Bureau of India reported in its web site that, The Coal Ministry has, in principle, agreed to set up a Joint Working Group for coa ...
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- TeaM Sual Corporation - Philippines
- Aditya Birla Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhatia International Limited - India
- Uttam Galva Steels Limited - India
- GVK Power & Infra Limited - India
- CIMB Investment Bank - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- White Energy Company Limited
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pendopo Energi Batubara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- Mintek Dendrill Indonesia
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Medco Energi Mining Internasional
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Kepco SPC Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- MS Steel International - UAE
- Sree Jayajothi Cements Limited - India
- Coastal Gujarat Power Limited - India
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- The University of Queensland
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- Deloitte Consulting - India
- Sarangani Energy Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Authority, New Zealand
- SMG Consultants - Indonesia
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- Kideco Jaya Agung - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Baramulti Group, Indonesia
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Agrawal Coal Company - India
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- McConnell Dowell - Australia
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- Dalmia Cement Bharat India
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- Sindya Power Generating Company Private Ltd
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Kartika Selabumi Mining - Indonesia
- Tamil Nadu electricity Board
- Minerals Council of Australia
- Salva Resources Pvt Ltd - India
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- Xindia Steels Limited - India
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Bangladesh Power Developement Board
- ASAPP Information Group - India
- Karaikal Port Pvt Ltd - India
- Grasim Industreis Ltd - India
- VISA Power Limited - India
- Indika Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- Larsen & Toubro Limited - India
- Intertek Mineral Services - Indonesia
- Georgia Ports Authority, United States
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- Maheswari Brothers Coal Limited - India
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Cement Manufacturers Association - India
- Madhucon Powers Ltd - India
- Formosa Plastics Group - Taiwan
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Borneo Indobara - Indonesia
- Bukit Baiduri Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- Trasteel International SA, Italy
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- Commonwealth Bank - Australia
- Economic Council, Georgia
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- Indogreen Group - Indonesia
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- Parliament of New Zealand
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- CNBM International Corporation - China
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- Orica Australia Pty. Ltd.
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- Indonesian Coal Mining Association
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