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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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Monday, 28 December 09
SOMALI PIRATES SAY $4 MILLION RANSOM PAID FOR COAL SHIP
A helicopter dropped a $4 million ransom payment on Sunday on to the deck of a Chinese coal ship hijacked by Somali pirates in mid-October, a pirate ...
Saturday, 26 December 09
COAL INDIA, RIO TINTO MAY HOLD TALKS SOON ON TIE-UP
State owned Coal India Limited (CIL), which is in the race for acquisition of overseas coal properties to plug the demand supply shortfall of the dr ...
Saturday, 26 December 09
COKING COAL PRICES MAY RISE BY 10 - 15% FROM APRIL 2010
The price of coking coal, one of the key raw materials for steel production, is likely to increase by 10-15% in next April, the month in which m ...
Saturday, 26 December 09
COAL INDIA SECURES TWO BLOCKS IN MOZAMBIQUE
It's official now. Mozambique has awarded two coal acreages in its Maotize region with an estimated one billion tonne reserves to Coal India Ltd bu ...
Thursday, 24 December 09
DRY BULK CHARTERING - SHIPPING UPDATE
Handy
Continued firm conditions for the Handymax / Supramax market in the Atlantic despite the BSI´s downward trend. As chrs scramble to cov ...
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- Rashtriya Ispat Nigam Limited - India
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- Krishnapatnam Port Company Ltd. - India
- Marubeni Corporation - India
- Agrawal Coal Company - India
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- Parliament of New Zealand
- Posco Energy - South Korea
- Mercator Lines Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Africa Commodities Group - South Africa
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- Ministry of Mines - Canada
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bukit Baiduri Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Jaiprakash Power Ventures ltd
- Riau Bara Harum - Indonesia
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- IHS Mccloskey Coal Group - USA
- Sojitz Corporation - Japan
- Leighton Contractors Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Vedanta Resources Plc - India
- Billiton Holdings Pty Ltd - Australia
- Bhatia International Limited - India
- Indogreen Group - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Mjunction Services Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Videocon Industries ltd - India
- The Treasury - Australian Government
- Dalmia Cement Bharat India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Coal Association
- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- Latin American Coal - Colombia
- MS Steel International - UAE
- Semirara Mining Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- Bharathi Cement Corporation - India
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- Parry Sugars Refinery, India
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- CNBM International Corporation - China
- ASAPP Information Group - India
- Thai Mozambique Logistica
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- Orica Australia Pty. Ltd.
- London Commodity Brokers - England
- Xindia Steels Limited - India
- Mercuria Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Siam City Cement - Thailand
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- Makarim & Taira - Indonesia
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Orica Mining Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Deloitte Consulting - India
- Central Java Power - Indonesia
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Sindya Power Generating Company Private Ltd
- Attock Cement Pakistan Limited
- Wood Mackenzie - Singapore
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- ICICI Bank Limited - India
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Planning Commission, India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- Trasteel International SA, Italy
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ambuja Cements Ltd - India
- The University of Queensland
- Vizag Seaport Private Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- Coalindo Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- Aboitiz Power Corporation - Philippines
- Thiess Contractors Indonesia
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Meralco Power Generation, Philippines
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