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Wednesday, 30 December 09
BANPU EXPECTS STABLE COAL PRICES
2009 revenue growth will be hard to beat
Banpu Plc, Asean's largest coal miner, expects coal prices to stay firm at about US$80 per tonne in the first half of 2010 and to rise in the latter half as the world economy improves.
"Coal prices have stayed firm with the likelihood to continue until next year," said Chanin Vongkusolkit, chief executive of the SET-listed company. "Indonesia has entered the rainy season, which will make production more difficult, while cold weather in China and Japan will result in higher demand for energy including coal."
Banpu, which has mines in Indonesia and China, says the price outlook for the second half of next year would depend on the global economy, which is expected to improve, but prices could go up again in 2011-12, Mr Chanin said.
Reference coal prices have been around $80 per tonne this month. Banpu's average selling price, meanwhile, was set at $72 this year, the same level as in 2008, while estimates for 2010 remain unclear.
Mr Chanin said Banpu expected slower growth in revenue next year despite an expected 14% rise in coal output to 23 million tonnes from 20.5 million this year and improving prices.
Output next year will rise when Banpu's Gaohe mine in China, with eventual annual capacity of 1.5 million tonnes, starts production in the latter half, lifting Banpu's Chinese output to 3.3 million tonnes from 2.8 million this year.
"Our average selling price will be lower than this year when we quoted prices at reasonably high levels," said Mr Chanin.
"Meanwhile, the heat value of our coal is lower, while the expected appreciation of the baht will make our revenue grow very little in baht terms. Our revenue has grown considerably this year and it would be difficult to beat it next year."
Banpu estimates total turnover of 57 billion baht in 2009, an increase of 14% over last year. In the first nine months, revenue rose 18.7% year-on-year to 40.43 billion baht with net profit of 12.58 billion baht, up 68%. To read more Bangkok Post
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Thursday, 31 December 09
YANDICOOGINA BECOMES FIRST MINE IN AUSTRALIA TO PRODUCE 50 MILLION TONNES A YEAR
COALspot.com Press Release: Rio Tinto's Yandicoogina, Australia's largest-producing iron ore mine, has broken the 50 million tonne mark for annual ...
Wednesday, 30 December 09
INDIA CEMENTS TO FINALIZE 3 SHIPMENTS OF SOUTH AFRICAN COAL NEXT WEEK
COALspot.com (India): India Cements is looking for 3 shipments (150,000MT) of South African coal for January – March 2010 delivery on C ...
Wednesday, 30 December 09
CIL DELISTS JAGUAR ENERGY FOR KODA LINKS
Coal India Ltd (CIL) has dropped Indonesia-based Jaguar Energy & Power Ltd from the list of companies, it intended to forge partnerships with to ...
Wednesday, 30 December 09
COAL PRICE RISE REQUEST DENIED
A proposal by the Viet Nam National Coal and Mineral Industries Group to double the price of coal has been turned down by the Ministry of Industry a ...
Wednesday, 30 December 09
CHINA'S 2010 COAL DEMAND COULD RISE 4%-6%, ACCORDING TO CHINA SECURITIES JOURNAL
China, which is the world’s second-largest energy user, may consume between 4 and 6% more coal next year on continued economic growth, China S ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Star Paper Mills Limited - India
- Semirara Mining and Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- MS Steel International - UAE
- Global Business Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
- Bayan Resources Tbk. - Indonesia
- Latin American Coal - Colombia
- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Ind-Barath Power Infra Limited - India
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Mintek Dendrill Indonesia
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- Global Coal Blending Company Limited - Australia
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Kartika Selabumi Mining - Indonesia
- Goldman Sachs - Singapore
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Planning Commission, India
- Uttam Galva Steels Limited - India
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- Baramulti Group, Indonesia
- Siam City Cement - Thailand
- Bhushan Steel Limited - India
- Dalmia Cement Bharat India
- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Meralco Power Generation, Philippines
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- Cigading International Bulk Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhatia International Limited - India
- GMR Energy Limited - India
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- Bukit Makmur.PT - Indonesia
- Agrawal Coal Company - India
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Thai Mozambique Logistica
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Medco Energi Mining Internasional
- Neyveli Lignite Corporation Ltd, - India
- Malabar Cements Ltd - India
- Sojitz Corporation - Japan
- Anglo American - United Kingdom
- Indian Energy Exchange, India
- Orica Australia Pty. Ltd.
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- LBH Netherlands Bv - Netherlands
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- Grasim Industreis Ltd - India
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- Renaissance Capital - South Africa
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- India Bulls Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Samtan Co., Ltd - South Korea
- The University of Queensland
- Mercator Lines Limited - India
- IHS Mccloskey Coal Group - USA
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Central Electricity Authority - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- AsiaOL BioFuels Corp., Philippines
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- CNBM International Corporation - China
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Interocean Group of Companies - India
- Altura Mining Limited, Indonesia
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- Therma Luzon, Inc, Philippines
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
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