Coal Market in India – 2014 Australia – helping to meet India’s demand for coal Tanya Spisbah, First Secretary (Economic) Australian High Commission, New.

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Presentation transcript:

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

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 House 10 Binara Street Canberra City, ACT 2601, Australia Telephone Thank You