Coal Market in India – 2014
Australia – helping to meet India’s
demand for coal
Tanya Spisbah, First Secretary (Economic)
Australian High Commission, New Delhi
22 August 2014
GDP figures/forecasts: Australia’s
key trading economies
Australia has a vast endowment of energy resources
Australia’s Competitive Strengths
• Vast mineral wealth and world class pre-competitive data
• Efficient and Effective regulation – ‘one stop shop’ approval
• Sustainable development practices
• Leading industry practice including mine safety
• Modern infrastructure, excellent transport links
• Sound fiscal and financial regime, low inflation
• Highly-skilled, outward-looking workforce
• A vibrant Mining Equipment, Technology and Services (METS) sector
• Stable government – conducive policy environment
Mining Equipment, Technology and Services (METS)
•
•
•
•
World-leader in provision of METS, including:
– planning, design, development and servicing of
mining software and equipment
– scientific analysis
– exploration assessment technology
– mineral processing technology
– environmental services
– health and safety services & equipment
Australian METS used throughout the world:
– assists emerging markets to take advantage of
resource endowments
– helps improve the safety, efficiency and
productivity of more established markets
Autonomous & remote operations: the next frontier
A potential area for collaboration with India
Major Indian coal related investments in Australia
• Adani Group’s $A16.5 billion Carmichael coal
and rail project in Queensland
• Adani’s $A1.9 billion Abbot Point Coal
Terminal in Queensland
• GVK Group/Hancock’s $A13 billion Alpha and
Kevin’s Corner Coal Projects in Queensland
• Lanco’s coal acquisition in Western Australia
• Wollongong Coal (formerly Gujarat NRE
Coking Coal) in New South Wales
Australia-India Joint Working Group on Energy and Minerals
(JWG)
• Policy, trade and investment developments in
both countries
• Work programs: Power, Mining, New &
Renewable Energy, Petroleum & Natural Gas,
Coal
• CSIRO / Indian Central Mine Planning and
Design Institute signed MoU
• Australia-India Ministerial Energy Security
Dialogue introduced
Conclusion
• Australia has a comparative advantage in mining and minerals,
in particular thermal and metallurgical coal
• Australia has world class expertise in Mining Equipment,
Technology and Services (METS)
• Indian companies such as Adani and GVK are starting to take
advantage of Australian coal mining opportunities
• India has a huge need for energy and resources for its
development – Australia is well placed to meet this need
Thank You
DEPARTMENT OF INDUSTRY
Industry House
10 Binara Street
Canberra City, ACT 2601, Australia
Telephone +61 2 6213 6000