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Tuesday, 02 February 10
THAI BANPU SAYS HIGHER COSTS TO HIT COAL PROFITS
Thailand's top coal miner, expects profits from its coal business in 2010 to be lower than last year due to higher costs, but its chief executive is bullish about the outlook for high-quality coal prices.
Revenue this year should be close to 2009's estimated 57 billion baht ($1.7 billion) despite a 12 percent rise in sales volume to 23 million tonnes, Chief Executive Chanin Vongkusolkit told Reuters, blaming the strength of the baht versus the dollar.
"It will be difficult to have a bottom line for our coal business close to last year's because our costs are rising," Chanin said in an interview.
Banpu, also Indonesia's fourth-largest coal miner with five mines there, has already fixed selling prices for half of its coal sales this year based on 2009 prices, which were lower than market prices this year.
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"It will be difficult to have a bottom line for our coal business close to last year's because our costs are rising"
Chanin Vongkusolkit
Chief Executive, Banpu |
The widely watched Australia Barlow Jonker Index (BJI), a gauge of spot thermal coal prices, averaged $75 a tonne in 2009. Prices of high-quality coal are expected to rise further this year, given strong demand from China and India, Chanin said.
Banpu's average sales price may be lower than the BJI index since some of its coal is of lower quality with a high sulphur content, he said.
An expected rise in oil prices would increase Banpu's costs this year by up to 7 percent, he said, adding oil accounted for 25-30 percent of the company's costs.
Banpu, which quotes its coal prices in dollars, would book lower revenue this year when converting revenue into baht, which is trading around 33 to the dollar now versus 34-35 last year. To read more Reuters / Alibaba
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Wednesday, 10 February 10
JPMORGAN FORECASTS A 5.7% GROWTH IN SEABORNE IRON ORE SHIPMENTS, 3.8% FOR COAL AND GRAIN THIS YEAR
This year volumes of iron ore transportation by sea may grow to 5.7%, coal and grain up 3.8% over numbers in 2009, Ukrrudprom reports citing analyst ...
Wednesday, 10 February 10
ANGLO AMERICAN TIPS COAL PRICE RISE AFTER RAIN, AUSTRALIAN SAYS
Anglo American Plc expects coking coal contract prices to rise after weeks of heavy rain in Queensland state cut output by as much as 10 million met ...
Wednesday, 10 February 10
KANGAROO RESOURCES COMMENCES MINING AT MAMAHAK COKING COAL PROJECT
International coal producer Kangaroo Resources has kicked off mining at its second Indonesian coal operation, the Mamahak Coking Coal Project in Eas ...
Wednesday, 10 February 10
CHINA DENIES CLIVE PALMER'S COAL DEAL
ONE of China's biggest government-owned companies yesterday repudiated mining billionaire Clive Palmer for overstating what he said was Australia' ...
Tuesday, 09 February 10
INDIANS SAY SEEKING COAL BARGAINS VIA INDEX PRICES
* Indonesian cheaper than S.African - traders
* End-users wait for price falls before tendering
Indian coal traders responsible for the bulk of ...
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- Minerals Council of Australia
- Mercator Lines Limited - India
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
- Bangladesh Power Developement Board
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- The University of Queensland
- PTC India Limited - India
- Bhushan Steel Limited - India
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- Indian Oil Corporation Limited
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- The State Trading Corporation of India Ltd
- Thai Mozambique Logistica
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- Siam City Cement - Thailand
- Rashtriya Ispat Nigam Limited - India
- Standard Chartered Bank - UAE
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- Anglo American - United Kingdom
- Kaltim Prima Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- Maharashtra Electricity Regulatory Commission - India
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
- New Zealand Coal & Carbon
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- Krishnapatnam Port Company Ltd. - India
- Borneo Indobara - Indonesia
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- Central Electricity Authority - India
- Dalmia Cement Bharat India
- Kartika Selabumi Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
- Global Coal Blending Company Limited - Australia
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
- Aditya Birla Group - India
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indogreen Group - Indonesia
- Ind-Barath Power Infra Limited - India
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Edison Trading Spa - Italy
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- Asmin Koalindo Tuhup - Indonesia
- Samtan Co., Ltd - South Korea
- Africa Commodities Group - South Africa
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Parliament of New Zealand
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- Therma Luzon, Inc, Philippines
- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Carbofer General Trading SA - India
- Bukit Asam (Persero) Tbk - Indonesia
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- Baramulti Group, Indonesia
- Bhatia International Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Bulk Trading Sa - Switzerland
- Semirara Mining Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- AsiaOL BioFuels Corp., Philippines
- Orica Mining Services - Indonesia
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Directorate Of Revenue Intelligence - India
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Global Business Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Orica Australia Pty. Ltd.
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Maheswari Brothers Coal Limited - India
- Interocean Group of Companies - India
- International Coal Ventures Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- Iligan Light & Power Inc, Philippines
- Australian Coal Association
- OPG Power Generation Pvt Ltd - India
- Xindia Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Vedanta Resources Plc - India
- GAC Shipping (India) Pvt Ltd
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- Petron Corporation, Philippines
- Economic Council, Georgia
- CNBM International Corporation - China
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- Straits Asia Resources Limited - Singapore
- Medco Energi Mining Internasional
- Ceylon Electricity Board - Sri Lanka
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Deloitte Consulting - India
- Semirara Mining and Power Corporation, Philippines
- Eastern Coal Council - USA
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Electricity Generating Authority of Thailand
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Latin American Coal - Colombia
- India Bulls Power Limited - India
- Meenaskhi Energy Private Limited - India
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