The 5th Coal Investment Promotion Seminar
JOGMEC (head office: Minato-ku, Tokyo, president: Mr. Hirobumi Kawano) held “The 5th Coal Investment Promotion Seminar” at its head office on November 27, 2014 which provided the latest information on the rail and port infrastructure in Australia.
JOGMEC has been holding “Coal Investment Promotion Seminars” for Japanese companies, inviting the senior government officials from coal producing countries and the directors of the coal developing companies to provide information on the coal development status and the coal policy of major coal producing countries.
This seminar was held according to the Memorandum of Understanding signed in September 2013 between the Queensland Government and JOGMEC to promote a comprehensive and strategic partnership.
JOGMEC invited Mr. Lance Hockridge, Managing Director & CEO, Aurizon Holdings Limited, which is Australia’s largest rail freight operator and as such plays very important role in the development of coal resources in Australia. He gave a presentation entitiled “Aurizon – Sustainable Coal for Asia”. Mr. Michael Carter, Executive Vice President also made some comments.
Mr. Lance Hockridge talked about the current performance, efforts for cost reduction and the future strategy of Aurizon. His presentation was followed by so active Q&A and information exchange sessions among the participant.
The seminar was great success with 46 participants from the coal industry, Agency for Natural Resources and Energy Ministry of Economy, Trade and Industry, Queensland Treasury and Trade
and companies related to natural resources and energy, steel, electronic power, trading and the press.
In Q&A session, the participants showed their interests in the topics such as the intention behind Aurizon’s purchase of Aquila Resources Inc., how to deal with the Take or Pay Contract under the coal price circumstance and the secondary market for contracted tonnage.
In the networking reception after the seminar, the participants also had another active exchange of opinions.
JOGMEC will continue to provide useful information to Japanese companies through seminars and surveys.
Mr. Lance Hockridge
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Coal Development Division, Coal DevelopmentDepartment MOCHIZUKI
Public Relations Division,NISHIKAWA