Coal Market in India – 2014

Australia – helping to meet India’s demand for coal

Tanya Spisbah, First Secretary (Economic)Australian High Commission, New Delhi22 August 2014

GDP figures/forecasts: Australia’s key trading economies

Australia has a vast endowment of energy resources

• 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

Australia’s Competitive Strengths

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

• 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

Major Indian coal related investments in Australia

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

DEPARTMENT OF INDUSTRY

Industry House10 Binara StreetCanberra City, ACT 2601, AustraliaTelephone +61 2 6213 6000

Thank You