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Thursday, 06 January 11
BANPU EXPECTS ROSY 2011 AS COAL PRICES SKYROCKET - BANGKOK POST
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, expects minimal impact from the production stoppage at its Daning mine in China as the sharp rise in coal prices and strong demand will benefit the company's financial results this year.
Chief financial officer Somrudee Chaimongkol said Banpu's average selling price for coal was projected to top US$80 per tonne in 2011 compared to $73 last year.
Coal at Australia's Newcastle port, an Asian benchmark, surged to a two-year high of $126.10 at the end of 2010 after rains and severe floods disrupted supplies in the country, which is the world's largest exporter of the fuel.
"The price of coal to be shipped in the first quarter was already fixed last year. The market's higher coal prices, however, will help increase Banpu's average selling price to more than $80 per tonne in 2011," she said.
Banpu on Tuesday informed the Stock Exchange of Thailand that its coal mine in Daning had suspended operations since Dec 31 pending a licence renewal.
The mine, operated by Shanxi Asian-American Daning Energy (SAADEC), is Banpu's largest mine in China with planned production of 4 million tonnes this year. Its Chinese wholly owned subsidiary Asian-American Coal (AACI) owns a 56% stake of SAADEC, contributing equity income of 2.16 billion baht to Banpu in the first nine months of 2010.
Ms Somrudee said the company was reviewing the Daning stoppage, but output from the mine was small compared to total figures.
The miner projects to almost double its coal output to 43 million tonnes this year from 22.5 million tonnes in 2010. Sydney-based Centennial Coal, which Banpu acquired last year, will contribute 14.5 million tonnes while Indonesian coal mines produce 26 million tonnes. To read more Bangkok Post
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Monday, 27 December 10
RIO TINTO EYES AUSTRALIAN COAL MINER - RTE NEWS
Global resources giant Rio Tinto has made a $3.9 billion bid for Australian coal miner Riversdale.
RTE News reported that, Global resources giant ...
Sunday, 26 December 10
ANGLO SELLS AUSTRALIAN COAL ASSETS - BARCELONA NEWS
Barcelona News reported that, Anglo American has sold off undeveloped Australia coal assets for $577 million.
The global resources giant ha ...
Saturday, 25 December 10
FREIGHT MARKET - LOWEST FIXTURES REPORTED SINCE MID 2009 - CAPT. REDDY
COALspot.com - We wish you a Merry Christmas and a Happy New Year 2011.
The holiday season seems to have severely affected the fr ...
Friday, 24 December 10
CIL SHORTLISTS 21 FIRMS TO IMPORT 250 MT COAL - THE HINDU
The Hindu reported that, Coal India plans to import about 250 million tonnes (mt) over the next 10 years to meet the country's growing requirement. ...
Friday, 24 December 10
DRY BULK OWNERS COULD SOON RECONSIDER SCRAPPING OLDER VESSELS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market close to its lowest levels in months and indeed close to 2010 lows, ship owners could be heading towards scrapyards in a bi ...
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- Power Finance Corporation Ltd., India
- Vedanta Resources Plc - India
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- Uttam Galva Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Wilmar Investment Holdings
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- MS Steel International - UAE
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- SMC Global Power, Philippines
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement PLC, Thailand
- Price Waterhouse Coopers - Russia
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Vizag Seaport Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- Vijayanagar Sugar Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Timah Investasi Mineral - Indoneisa
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- Baramulti Group, Indonesia
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- PetroVietnam Power Coal Import and Supply Company
- Asmin Koalindo Tuhup - Indonesia
- Therma Luzon, Inc, Philippines
- Riau Bara Harum - Indonesia
- Sindya Power Generating Company Private Ltd
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- Economic Council, Georgia
- PTC India Limited - India
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- McConnell Dowell - Australia
- Eastern Coal Council - USA
- SMG Consultants - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Singapore Mercantile Exchange
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Medco Energi Mining Internasional
- Xindia Steels Limited - India
- Antam Resourcindo - Indonesia
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Marubeni Corporation - India
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Indian Energy Exchange, India
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Malabar Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Wood Mackenzie - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Bayan Resources Tbk. - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- The University of Queensland
- Bangladesh Power Developement Board
- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- Iligan Light & Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Gujarat Mineral Development Corp Ltd - India
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Parry Sugars Refinery, India
- Kapuas Tunggal Persada - Indonesia
- Grasim Industreis Ltd - India
- Australian Coal Association
- Indika Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Global Business Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Transport, Egypt
- Makarim & Taira - Indonesia
- Energy Development Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- Dalmia Cement Bharat India
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- Tata Chemicals Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- VISA Power Limited - India
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Anglo American - United Kingdom
- Sakthi Sugars Limited - India
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- Indian Oil Corporation Limited
- LBH Netherlands Bv - Netherlands
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- Intertek Mineral Services - Indonesia
- New Zealand Coal & Carbon
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- Barasentosa Lestari - Indonesia
- Sical Logistics Limited - India
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- Borneo Indobara - Indonesia
- Meralco Power Generation, Philippines
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- Bukit Makmur.PT - Indonesia
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Alfred C Toepfer International GmbH - Germany
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Planning Commission, India
- Krishnapatnam Port Company Ltd. - India
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