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Thursday, 04 March 10
BANPU KEEPS JORONG OUTPUT AT 2M TONNES
 Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is maintaining an output target of 2 million tonnes this year from its Jorong mine in Indonesia, even though the site remains closed pending the resolution of questions about forest encroachment.
CEO Chanin Vongkusolkit said the company expected the Indonesian government would finalise new forestry regulations soon, with clearer designations of which areas are preserved forest areas.
Indonesian police closed Jorong and several other industrial sites last month as part of a crackdown on forest encroachment.
Mr Chanin acknowledged there had been "misunderstanding and unclear regulations" about forestry areas in Indonesia. "However, I have heard the new regulations are just awaiting signing by the president to take effect," he said.
The new regulation would specify the mine site as a commercially permitted area.
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“Total coal output this year is forecast at 26.5 mln tonnes, up from 23.8 mln last year. Coal prices are expected to average between $65 and $71 per tonne this year, compared with $71.70 last year”
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The company last year produced 3.1 million tonnes of coal from Jorong, but output will decline in line with depleting coal reserves and the mine will close in six years.
"However, it has been good for us since it was time that the local government clarified the regulations properly, so we [coal miners] would know if our mines are in commercially allowed forest areas or prohibited ones," he said.
The company has dealt with the immediate crisis by increasing output from mines nearby as it needs more coal to deliver to Jorong clients under its contracts.
Banpu's coal output from Indonesia is expected to rise 7.4% to 23 million tonnes from 21.4 million last year.
The company has earmarked regional capital expenditure for 2010 to 2015 of US$466 million, including $189 million in Indonesia. It will invest $255 million in the Hong Sa coal mine and coal-fired power plant in Laos, and $22 million in its coal mines in China.
"The sum does not include the capital needed for merger and acquisition plans, for which we are still looking at China and Australia," Mr Chanin said.
However, the company is no longer interested in India where it says local regulations on coal mining are too strict.
By 2015 Banpu expects coal will contribute 90% of its revenue, up from 75% currently, and the remaining 10% would come from power.
Banpu forecasts sales this year will be on par with last year, reflecting a decline in global coal prices, baht appreciation and the drop of revenue from its BLCP power plant in Thailand, despite a 10% increase in coal output this year.
Total coal output this year is forecast at 26.5 million tonnes, up from 23.8 million last year.
Coal prices are expected to average between $65 and $71 per tonne this year, compared with $71.70 last year.
Banpu's net profit last year rose to 14.2 billion baht from 9.2 billion in 2008, with many of the gains coming from China, which contributed profits of 4 billion baht.
BANPU shares closed yesterday on the Stock Exchange of Thailand at 586 baht, up 20 baht, in trade worth 1.59 billion baht.
Source: Bangkok Post - Writer: Yuthana Praiwan
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Tuesday, 30 March 10
CHINA'S DROUGHT RAISES COAL PRICES, LOWERS HYDROPOWER
Bloomberg reported that, Benchmark coal prices at Qinhuangdao, China’s largest port handling the fuel, rose for the first time in 10 weeks aft ...
Tuesday, 30 March 10
PRICES FOR COKING COAL, IRON ORE TO SOAR AMID BURGEONING STEEL DEMAND: SCOTIABANK
Winnipeg Free Press reported that, Strong steel demand from China and a recovery in the developed world will push coking coal prices 56 per ce ...
Sunday, 28 March 10
DEMAND FROM INDIA RESHAPING THE GLOBAL COAL MARKET - DAVE FOREST
Attention international coal industry. There's a new kid on the block.
The nation of India.
India is emerging as a major re-shaping force for ...
Sunday, 28 March 10
SHIPS FROM WC INDIA TO CHINA CONTINUED TO BE FIXED AT HEALTHY LEVELS AT AROUND US$ 50/52,000 PER DAY - VISTAAR
COALspot.com: The dry bulk freight market seemed to be heading for a correction with all the indices dropping by 8-10 pct except for handy size whic ...
Saturday, 27 March 10
CHINA DROUGHT MAY RAISE COAL DEMAND, BOOST PRICES, CLSA SAYS - BLOOMBERG
Bloomberg reported that, Droughts in southwest China may increase demand for coal used in power plants, and ‘support” prices in the &ldq ...
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Showing 5916 to 5920 news of total 6871 |
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- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- CNBM International Corporation - China
- Parliament of New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Energy Development Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Merrill Lynch Commodities Europe
- Krishnapatnam Port Company Ltd. - India
- PowerSource Philippines DevCo
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- IEA Clean Coal Centre - UK
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Lanco Infratech Ltd - India
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- PetroVietnam Power Coal Import and Supply Company
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Goldman Sachs - Singapore
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Leighton Contractors Pty Ltd - Australia
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Madhucon Powers Ltd - India
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- MS Steel International - UAE
- Australian Coal Association
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- Sindya Power Generating Company Private Ltd
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Planning Commission, India
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- Jorong Barutama Greston.PT - Indonesia
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Indian Energy Exchange, India
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
- Grasim Industreis Ltd - India
- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Karbindo Abesyapradhi - Indoneisa
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- SMC Global Power, Philippines
- The State Trading Corporation of India Ltd
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ambuja Cements Ltd - India
- Semirara Mining Corp, Philippines
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Eastern Energy - Thailand
- Malabar Cements Ltd - India
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Orica Australia Pty. Ltd.
- International Coal Ventures Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- The University of Queensland
- Parry Sugars Refinery, India
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Electricity Authority, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Australian Commodity Traders Exchange
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- Jindal Steel & Power Ltd - India
- Orica Mining Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- Globalindo Alam Lestari - Indonesia
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- Uttam Galva Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Latin American Coal - Colombia
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- TNB Fuel Sdn Bhd - Malaysia
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- Wilmar Investment Holdings
- VISA Power Limited - India
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- Intertek Mineral Services - Indonesia
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- Bukit Baiduri Energy - Indonesia
- Africa Commodities Group - South Africa
- Tata Chemicals Ltd - India
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
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