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Wednesday, 30 December 09
BANPU EXPECTS STABLE COAL PRICES
2009 revenue growth will be hard to beat
Banpu Plc, Asean's largest coal miner, expects coal prices to stay firm at about US$80 per tonne in the first half of 2010 and to rise in the latter half as the world economy improves.
"Coal prices have stayed firm with the likelihood to continue until next year," said Chanin Vongkusolkit, chief executive of the SET-listed company. "Indonesia has entered the rainy season, which will make production more difficult, while cold weather in China and Japan will result in higher demand for energy including coal."
Banpu, which has mines in Indonesia and China, says the price outlook for the second half of next year would depend on the global economy, which is expected to improve, but prices could go up again in 2011-12, Mr Chanin said.
Reference coal prices have been around $80 per tonne this month. Banpu's average selling price, meanwhile, was set at $72 this year, the same level as in 2008, while estimates for 2010 remain unclear.
Mr Chanin said Banpu expected slower growth in revenue next year despite an expected 14% rise in coal output to 23 million tonnes from 20.5 million this year and improving prices.
Output next year will rise when Banpu's Gaohe mine in China, with eventual annual capacity of 1.5 million tonnes, starts production in the latter half, lifting Banpu's Chinese output to 3.3 million tonnes from 2.8 million this year.
"Our average selling price will be lower than this year when we quoted prices at reasonably high levels," said Mr Chanin.
"Meanwhile, the heat value of our coal is lower, while the expected appreciation of the baht will make our revenue grow very little in baht terms. Our revenue has grown considerably this year and it would be difficult to beat it next year."
Banpu estimates total turnover of 57 billion baht in 2009, an increase of 14% over last year. In the first nine months, revenue rose 18.7% year-on-year to 40.43 billion baht with net profit of 12.58 billion baht, up 68%. To read more Bangkok Post
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Thursday, 31 December 09
YANDICOOGINA BECOMES FIRST MINE IN AUSTRALIA TO PRODUCE 50 MILLION TONNES A YEAR
COALspot.com Press Release: Rio Tinto's Yandicoogina, Australia's largest-producing iron ore mine, has broken the 50 million tonne mark for annual ...
Wednesday, 30 December 09
INDIA CEMENTS TO FINALIZE 3 SHIPMENTS OF SOUTH AFRICAN COAL NEXT WEEK
COALspot.com (India): India Cements is looking for 3 shipments (150,000MT) of South African coal for January – March 2010 delivery on C ...
Wednesday, 30 December 09
CIL DELISTS JAGUAR ENERGY FOR KODA LINKS
Coal India Ltd (CIL) has dropped Indonesia-based Jaguar Energy & Power Ltd from the list of companies, it intended to forge partnerships with to ...
Wednesday, 30 December 09
COAL PRICE RISE REQUEST DENIED
A proposal by the Viet Nam National Coal and Mineral Industries Group to double the price of coal has been turned down by the Ministry of Industry a ...
Wednesday, 30 December 09
CHINA'S 2010 COAL DEMAND COULD RISE 4%-6%, ACCORDING TO CHINA SECURITIES JOURNAL
China, which is the world’s second-largest energy user, may consume between 4 and 6% more coal next year on continued economic growth, China S ...
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- Mjunction Services Limited - India
- Malabar Cements Ltd - India
- Port Waratah Coal Services - Australia
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- Grasim Industreis Ltd - India
- Australian Commodity Traders Exchange
- Rashtriya Ispat Nigam Limited - India
- Metalloyd Limited - United Kingdom
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Parry Sugars Refinery, India
- Star Paper Mills Limited - India
- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- Pendopo Energi Batubara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- Singapore Mercantile Exchange
- The University of Queensland
- Kohat Cement Company Ltd. - Pakistan
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- Miang Besar Coal Terminal - Indonesia
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Ministry of Mines - Canada
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Antam Resourcindo - Indonesia
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- Attock Cement Pakistan Limited
- Pipit Mutiara Jaya. PT, Indonesia
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Link Ltd, New Zealand
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Central Java Power - Indonesia
- Australian Coal Association
- Sree Jayajothi Cements Limited - India
- IHS Mccloskey Coal Group - USA
- Indika Energy - Indonesia
- Uttam Galva Steels Limited - India
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Latin American Coal - Colombia
- VISA Power Limited - India
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- Holcim Trading Pte Ltd - Singapore
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- OPG Power Generation Pvt Ltd - India
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Minerals Council of Australia
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- Thai Mozambique Logistica
- Kartika Selabumi Mining - Indonesia
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- SN Aboitiz Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Vizag Seaport Private Limited - India
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- GN Power Mariveles Coal Plant, Philippines
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- Karbindo Abesyapradhi - Indoneisa
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Indian Energy Exchange, India
- Deloitte Consulting - India
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- Chettinad Cement Corporation Ltd - India
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- Xindia Steels Limited - India
- Chamber of Mines of South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Makarim & Taira - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- San Jose City I Power Corp, Philippines
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
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