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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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Saturday, 30 January 10
THE ECI / CHINA (S7) ROUTE SOFTENED BY $ 5,736 AND CLOSED AT $ 27,360 PER DAY - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week probably in anticipation of Chinese New year holidays.
BDI INDEX
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Saturday, 30 January 10
INDONESIA TO CONSTRUCT 93 POWER PLANTS IN 2ND PROJECT
The government has announced its list of 93 power plants to be built under the second 10,000-megawatt (MW) power generation scheme.
"With th ...
Saturday, 30 January 10
COAL FIRMS TO KEEP NATION IN THE BLACK
Some Indonesian coal mining companies on Friday pledged to allocate a greater share of their production this year to meet domestic market obligation ...
Friday, 29 January 10
INDIA STEAM COAL IMPORTS TO DOUBLE, BOOST SOUTH AFRICA
* SAfrica seen shipping 75 pct of its coal to Asia in 2010
* Logistics woes hamper SAfrica exports, India imports
India's steam coal imports ar ...
Thursday, 28 January 10
THE IRON ORE EXPORTS FROM INDIA TO CHINA ARE DOWN AND THE RATES DROPPED
HANDY
The BSI has continued its downward trend confirming the softening of the Atlantic since the previous week and reflecting a correction of the ...
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- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Ministry of Transport, Egypt
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Malabar Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Star Paper Mills Limited - India
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Bulk Trading Sa - Switzerland
- Merrill Lynch Commodities Europe
- The Treasury - Australian Government
- GMR Energy Limited - India
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- Vedanta Resources Plc - India
- Posco Energy - South Korea
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- PowerSource Philippines DevCo
- Parliament of New Zealand
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Planning Commission, India
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- Bhoruka Overseas - Indonesia
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Bahari Cakrawala Sebuku - Indonesia
- SN Aboitiz Power Inc, Philippines
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- Vijayanagar Sugar Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Samtan Co., Ltd - South Korea
- Aditya Birla Group - India
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Kobexindo Tractors - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- Global Business Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Indogreen Group - Indonesia
- Indian Oil Corporation Limited
- Jindal Steel & Power Ltd - India
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- Gujarat Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- Heidelberg Cement - Germany
- Commonwealth Bank - Australia
- Cigading International Bulk Terminal - Indonesia
- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Iligan Light & Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- Asmin Koalindo Tuhup - Indonesia
- Thiess Contractors Indonesia
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Electricity Generating Authority of Thailand
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- CNBM International Corporation - China
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Videocon Industries ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
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