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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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Saturday, 13 March 10
OPTIMUM COAL AIMS TO RAISE R1,6 BILLION IN LISTING
All Africa reported that, COAL mining and exploration company Optimum Coal yesterday announced plans to list on the JSE at the end of the month ...
Thursday, 11 March 10
THE INDIAN MARKET WAS A BIT QUIET BUT STILL FIRM - FEARNLEYS AS
Handy - Atlantic activity has kept its firm tendency throughout the week for handies, with Atlantic RV´s fixed in the USD.16000 region. With s ...
Thursday, 11 March 10
COAL PRICES SET TO RISE AMID CONFUSION OVER QUARTERLY SYSTEM
Trading room reported that, Coal prices are tipped to rise in coming months amid constrained supply and ongoing Chinese demand, and analysts are con ...
Wednesday, 10 March 10
PROTECTED FORESTS NOW UP FOR GRABS FOR MINING
The Jakarta Post reported that, the government has just issued two new regulations on forests, which could allow protected forests to be used for co ...
Tuesday, 09 March 10
REGULATION NO.23 OF 2010 CONCERNING IMPLEMENTATION OF NEW MINING LAW, PROVIDES MORE CLARITY ON OBTAINING A IUP
COALspot.com: Indonesian government has recently issued another regulation related to Law number 4 of 2009 concerning mineral and coal mining. Two r ...
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Showing 5946 to 5950 news of total 6871 |
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- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Independent Power Producers Association of India
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- Minerals Council of Australia
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- Grasim Industreis Ltd - India
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Salva Resources Pvt Ltd - India
- Electricity Authority, New Zealand
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Sarangani Energy Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- Semirara Mining Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Georgia Ports Authority, United States
- ASAPP Information Group - India
- Gujarat Mineral Development Corp Ltd - India
- Eastern Coal Council - USA
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- Deloitte Consulting - India
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- Xindia Steels Limited - India
- Eastern Energy - Thailand
- Planning Commission, India
- Malabar Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Riau Bara Harum - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vizag Seaport Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Sindya Power Generating Company Private Ltd
- GMR Energy Limited - India
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Bharathi Cement Corporation - India
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- Oldendorff Carriers - Singapore
- Meenaskhi Energy Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- MS Steel International - UAE
- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- Kideco Jaya Agung - Indonesia
- Cement Manufacturers Association - India
- Economic Council, Georgia
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Wilmar Investment Holdings
- The Treasury - Australian Government
- Makarim & Taira - Indonesia
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- Vedanta Resources Plc - India
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- London Commodity Brokers - England
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Ambuja Cements Ltd - India
- Merrill Lynch Commodities Europe
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- Altura Mining Limited, Indonesia
- Savvy Resources Ltd - HongKong
- Orica Mining Services - Indonesia
- Sical Logistics Limited - India
- Indian Energy Exchange, India
- Petron Corporation, Philippines
- Latin American Coal - Colombia
- Thai Mozambique Logistica
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- Videocon Industries ltd - India
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
- Aditya Birla Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- Indika Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
- Electricity Generating Authority of Thailand
- PTC India Limited - India
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
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