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Tuesday, 02 February 10
THAI BANPU SAYS HIGHER COSTS TO HIT COAL PROFITS
Thailand's top coal miner, expects profits from its coal business in 2010 to be lower than last year due to higher costs, but its chief executive is bullish about the outlook for high-quality coal prices.
Revenue this year should be close to 2009's estimated 57 billion baht ($1.7 billion) despite a 12 percent rise in sales volume to 23 million tonnes, Chief Executive Chanin Vongkusolkit told Reuters, blaming the strength of the baht versus the dollar.
"It will be difficult to have a bottom line for our coal business close to last year's because our costs are rising," Chanin said in an interview.
Banpu, also Indonesia's fourth-largest coal miner with five mines there, has already fixed selling prices for half of its coal sales this year based on 2009 prices, which were lower than market prices this year.
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"It will be difficult to have a bottom line for our coal business close to last year's because our costs are rising"
Chanin Vongkusolkit
Chief Executive, Banpu |
The widely watched Australia Barlow Jonker Index (BJI), a gauge of spot thermal coal prices, averaged $75 a tonne in 2009. Prices of high-quality coal are expected to rise further this year, given strong demand from China and India, Chanin said.
Banpu's average sales price may be lower than the BJI index since some of its coal is of lower quality with a high sulphur content, he said.
An expected rise in oil prices would increase Banpu's costs this year by up to 7 percent, he said, adding oil accounted for 25-30 percent of the company's costs.
Banpu, which quotes its coal prices in dollars, would book lower revenue this year when converting revenue into baht, which is trading around 33 to the dollar now versus 34-35 last year. To read more Reuters / Alibaba
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Tuesday, 09 February 10
EURO COAL-PROMPT SLIDES WITH OIL PRICES
* April S.African cargo trades at $83.50/T FOB, unchanged
* April DES cargo trades at $74.75 a tonne, down $1/T
* Russia's Kuzbassrazrezugol sees ...
Monday, 08 February 10
BLACK RIDGE MINING APPOINTS INDEPENDENT CONSULTANT
Australian-listed Black Ridge Mining has announced the appointment of David Tuit as an independent consultant to assist with the assessment of the c ...
Monday, 08 February 10
SOUTH AFRICAN EXPORT COAL RISES FOR FIRST TIME IN FOUR WEEKS
Prices for coal shipped from South Africa’s Richards Bay, the continent’s biggest export facility for the fuel, posted their first gain ...
Monday, 08 February 10
NTPC HOPES TO START ON 500-MW PROJECT IN SRI LANKA BY FEB-END
NTPC sources told Business Standard, “All formalities from our government and NTPC have been completed.
The opinion of the Sri Lankan atto ...
Sunday, 07 February 10
AN AUSTRALIAN FIRM HAS SIGNED A $60BN DEAL TO SUPPLY COAL TO CHINESE POWER STATIONS
Clive Palmer, chairman of the company, Resourcehouse, said it was Australia's "biggest ever export contract".
Under the deal, the firm ...
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- Medco Energi Mining Internasional
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Agrawal Coal Company - India
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- Savvy Resources Ltd - HongKong
- Thiess Contractors Indonesia
- Kaltim Prima Coal - Indonesia
- Eastern Coal Council - USA
- Australian Commodity Traders Exchange
- PTC India Limited - India
- Kideco Jaya Agung - Indonesia
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- Georgia Ports Authority, United States
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Romanian Commodities Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Larsen & Toubro Limited - India
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Attock Cement Pakistan Limited
- Jaiprakash Power Ventures ltd
- Australian Coal Association
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Lanco Infratech Ltd - India
- LBH Netherlands Bv - Netherlands
- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
- VISA Power Limited - India
- Sojitz Corporation - Japan
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- Timah Investasi Mineral - Indoneisa
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- Economic Council, Georgia
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- Meralco Power Generation, Philippines
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Wilmar Investment Holdings
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- Port Waratah Coal Services - Australia
- Kartika Selabumi Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Indogreen Group - Indonesia
- White Energy Company Limited
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- Salva Resources Pvt Ltd - India
- Makarim & Taira - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- Bulk Trading Sa - Switzerland
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Singapore Mercantile Exchange
- AsiaOL BioFuels Corp., Philippines
- Bangladesh Power Developement Board
- Energy Link Ltd, New Zealand
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Aditya Birla Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- London Commodity Brokers - England
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- Uttam Galva Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bukit Makmur.PT - Indonesia
- Rio Tinto Coal - Australia
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Marubeni Corporation - India
- Carbofer General Trading SA - India
- Minerals Council of Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Bhatia International Limited - India
- Indonesian Coal Mining Association
- Semirara Mining and Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- New Zealand Coal & Carbon
- Cigading International Bulk Terminal - Indonesia
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