Coal

[mhlld]

Speaking of heavy hitters....
I ran a company extract on Sennen's Aussie partner DJB Coal Pty Ltd.

Who is DJB Coal Pty Ltd?

Jeremy Barlow (1/6 owner and Officer, DJB Coal) and related companies:
Barlow Jonker http://www.barlowjonker.com/iportal/DesktopDefault.aspx?tabID=3341
Coalportal http://www.coalportal.com/
CH4 http://www.ch4.com.au/a_barlow.html

David Mathew (1/6 owner DJB Coal) and related companies:
CH4 http://www.ch4.com.au/a_mathew.html

Bruce Wood (2/3 owner and Officer, DJB Coal) and related companies:
Santos, V.P. Strategic Projects http://www.santos.com/Content.aspx?p=84 (Scroll down when site opens)

I obtained DJB Coal Pty Ltd ownership info through the Australian Securities and Investment Commission and D&B (it's not free)
http://www.asic.gov.au/asic/asic.nsf http://www.dnb.com.au/express/

So I've been scratching my head wondering what we have going on here? Why was Bruce Wood never mentioned in any press releases? These 3 guys set up DJB Coal just to partner Sennen's 3 coal properties. So what's the story? What's the series of agreements Sennen has with DJB Coal that haven't been made public? What's next when Middlemount sells? What is DJB Coal bound to do by agreement, to earn their 50% interest from the sale of Middlemount? Many unknowns and I could fill this board with questions. I guess it will all play out in time.

The following articles keep my interest in the Aussie coalfields and the Sennen/DJB Coal partnership.

Over the next eight years, China predicts it will put into operation 562 coal-fired plants -- nearly half the world's total -- and India is projected to add 213 such plants. The United States is expected to build 72. http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2005/07/04/MNGDKDISL21.DTL&hw=Over+the+next+eig

China's coal demand to reach 2.5 bln tons by 2010 - report: Guo Yuntao, director of the China Coal Industry Development Research Center, predicted coal demand for this year to hit 2.13 bln tons, the newspaper said. Guo also said coal supply capacity is predicted to reach 1.6 bln tons in 2010 and 2.0 bln tons in 2020, leaving shortfalls of 0.5 bln tons and 1.3 bln tons respectively. http://www.forbes.com/home/feeds/afx/2005/06/22/afx2105287.html

China to gradually reduce coke exports - Xinhua http://www.forbes.com/markets/feeds/afx/2005/06/23/afx2109646.html

Taiwan phases out all nuclear power, for coal 6/28/2005 http://www.taipeitimes.com/News/biz/archives/2005/06/28/2003261244

Coal India Limited must expand its operations abroad by acquiring property for ensuring continued supply of quality coal to meet the domestic demand, Union Minister of State for Coal Dasari Narayana Rao has said. 6/6/2005 http://www.hindu.com/2005/06/16/stories/2005061613330800.htm

STEEL Authority of India Ltd (SAIL) and Coal India Ltd (CIL) are planning to set up a joint venture company for acquiring coal mines abroad. The move aims to end the perennial shortage of coking coal and low ash non-coking coal in the country.6/3/2005 http://www.blonnet.com/2005/06/03/stories/2005060303211100.htm

India 80 MT coal shortage by 2011-12 Thursday July 14 2005 00:00 IST
TALCHER: Despite an ambitious growth projection by Coal India Ltd (CIL), the country will face a deficit of 80 million tonne of coal by the end of the eleventh Five Year Plan, according to Union Coal Secretary P C Parikh.
http://www.newindpress.com/NewsItems.asp?ID=IEB20050713112645&Page=B&Title=Business&Topi

China's ambassador to Australia Madame Fu Ying commented on changing trends underpinned by China's vast energy appetite. "Last year Chinese delegates (to Australia) wanted to know how to buy 10,000 dairy cows. This year delegates wanted to know how to buy a coal mine," she said, adding "of any size." Madame Fu quizzed industry and resources minister Ian Macfarlane on the topic of Chinese investment in Australia and future major mergers with Chinese companies, and asked about Australian attitudes to such developments."We've always welcomed foreign investment from countries that want to be to be part of our future and China is very much one of those countries," he said. 7/11/2005 Australia-China Coal Summit
http://www.longwalls.com/storyview.asp? toryid=42252§ionsource=s0

HIGHER profits and increased interest from offshore parties has led to a flurry of merger and acquisition activity in the Australian coal sector.
Consolidation in the industry means that sizeable opportunities for the majors are now limited - many of the remaining listed coal producers have a major or blocking shareholder. Opportunities for juniors still exist, though. "Most juniors can move much faster and be more nimble than a major in securing new property and taking small- to medium-size greenfield opportunities into the development phase," Wood said. ANZ predicts even more activity from end users. There has been a significant increase in interest in equity positions in Australian coal mines from Indian companies. There has also been increased interest from China and Brazil, with several major groups from these regions recently establishing offices in Australia to source new opportunities, Wood said. "With China becoming a net importer of coking coal and this set to escalate at least for the next few years, this, together with import growth from India and Brazil and other developing countries, means increased competition for feedstock. One would expect this competition for supply to manifest itself in further equity/offtake deals," he said.
Australia also remains a favoured investment destination for the quality of assets (geology, good quality coal and productive mines) and Australia's foreign investment-friendly regulatory regime. Other countries are either too far away (Canada and the USA have higher freight costs to India) or do not have sophisticated regulatory regimes or infrastructure (Russia and the Ukraine).
Aussie Coal Dynamics Author Angie Barr 7/8/2005 longwalls.com
http://www.sennenresources.com/s/RelatedArticles.asp?ReportID=111602&_Type=Related-Articles&...

State fast-tracks $2.1 Billion Coal Planning 5/27/2005
The Queensland Government is fast-tracking planning for approximately $2.1 billion worth of infrastructure for the State's expanding coal export industry.This is in addition to the $1.4 billion of coal infrastructure investments already committed by Government owned trading enterprises. (also)
"Mr McGrady said with world-wide buyers clamouring for Queensland coal it was only a matter of time before major coal buyers in Japan, Korea, China, India and Europe signed on the dotted line to secure additional coal supplies for the coming years. Intense industrial development in China and India is adding to the pressure to step-up coal production." http://www.bowenbasin.cqu.edu.au/news.html#fasttrack