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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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Saturday, 30 January 10
THE ECI / CHINA (S7) ROUTE SOFTENED BY $ 5,736 AND CLOSED AT $ 27,360 PER DAY - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week probably in anticipation of Chinese New year holidays.
BDI INDEX
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Saturday, 30 January 10
INDONESIA TO CONSTRUCT 93 POWER PLANTS IN 2ND PROJECT
The government has announced its list of 93 power plants to be built under the second 10,000-megawatt (MW) power generation scheme.
"With th ...
Saturday, 30 January 10
COAL FIRMS TO KEEP NATION IN THE BLACK
Some Indonesian coal mining companies on Friday pledged to allocate a greater share of their production this year to meet domestic market obligation ...
Friday, 29 January 10
INDIA STEAM COAL IMPORTS TO DOUBLE, BOOST SOUTH AFRICA
* SAfrica seen shipping 75 pct of its coal to Asia in 2010
* Logistics woes hamper SAfrica exports, India imports
India's steam coal imports ar ...
Thursday, 28 January 10
THE IRON ORE EXPORTS FROM INDIA TO CHINA ARE DOWN AND THE RATES DROPPED
HANDY
The BSI has continued its downward trend confirming the softening of the Atlantic since the previous week and reflecting a correction of the ...
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- Maheswari Brothers Coal Limited - India
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- GAC Shipping (India) Pvt Ltd
- Merrill Lynch Commodities Europe
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Orica Mining Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Jindal Steel & Power Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Bhoruka Overseas - Indonesia
- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Lanco Infratech Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Ministry of Finance - Indonesia
- Economic Council, Georgia
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- Jaiprakash Power Ventures ltd
- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- Global Coal Blending Company Limited - Australia
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Bangladesh Power Developement Board
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karaikal Port Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- OPG Power Generation Pvt Ltd - India
- Georgia Ports Authority, United States
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- Renaissance Capital - South Africa
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- Electricity Generating Authority of Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Directorate Of Revenue Intelligence - India
- Meralco Power Generation, Philippines
- Bhushan Steel Limited - India
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Medco Energi Mining Internasional
- New Zealand Coal & Carbon
- Energy Link Ltd, New Zealand
- Australian Coal Association
- European Bulk Services B.V. - Netherlands
- Sindya Power Generating Company Private Ltd
- Attock Cement Pakistan Limited
- Sree Jayajothi Cements Limited - India
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parliament of New Zealand
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
- SN Aboitiz Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- White Energy Company Limited
- Minerals Council of Australia
- Dalmia Cement Bharat India
- Carbofer General Trading SA - India
- ASAPP Information Group - India
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Posco Energy - South Korea
- Planning Commission, India
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- TeaM Sual Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Tata Chemicals Ltd - India
- Bulk Trading Sa - Switzerland
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