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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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- Bhatia International Limited - India
- Xindia Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- McConnell Dowell - Australia
- Aditya Birla Group - India
- Chamber of Mines of South Africa
- Trasteel International SA, Italy
- Central Java Power - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Africa Commodities Group - South Africa
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Dalmia Cement Bharat India
- Petrochimia International Co. Ltd.- Taiwan
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- ICICI Bank Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Ministry of Transport, Egypt
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
- Mintek Dendrill Indonesia
- Deloitte Consulting - India
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- Power Finance Corporation Ltd., India
- Sree Jayajothi Cements Limited - India
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- Intertek Mineral Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- Sical Logistics Limited - India
- Rashtriya Ispat Nigam Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Meenaskhi Energy Private Limited - India
- Sakthi Sugars Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Sidhee Cement - India
- Banpu Public Company Limited - Thailand
- Commonwealth Bank - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Planning Commission, India
- Latin American Coal - Colombia
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- Coastal Gujarat Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- Attock Cement Pakistan Limited
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- South Luzon Thermal Energy Corporation
- CIMB Investment Bank - Malaysia
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- Lanco Infratech Ltd - India
- Thai Mozambique Logistica
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- Meralco Power Generation, Philippines
- Sojitz Corporation - Japan
- Videocon Industries ltd - India
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- Bhoruka Overseas - Indonesia
- Metalloyd Limited - United Kingdom
- Binh Thuan Hamico - Vietnam
- Madhucon Powers Ltd - India
- Bukit Baiduri Energy - Indonesia
- Electricity Generating Authority of Thailand
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Bayan Resources Tbk. - Indonesia
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Simpson Spence & Young - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- Coalindo Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Straits Asia Resources Limited - Singapore
- Manunggal Multi Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Thiess Contractors Indonesia
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- GVK Power & Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Mercuria Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
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