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Wednesday, 17 February 10
JORONG COULD COST BANPU 5%
Banpu Plc, Asean's biggest coal miner, forecasts a 5% drop in revenue if its suspended coal mine in Indonesia is closed for one year, says president Chanin Wongkusolkij.
"It is possible that revenue could drop, but the impact on net profits should be minimal," said Mr Chanin.
The Jorong mine in South Kalimantan on Borneo was suspended earlier this month by local police pending an investigation into land-use permits for a protected forest area.
The Forestry Ministry revoked the land-use permits for 23 mining and other operations in forested areas and said it may crack down further.Banpu last year generated revenue of 57 billion baht, 90% from mining in Indonesia and the rest from mines in China, electricity production and the power business in Thailand.
Annual coal production at Jorong contributes 1.9 million tonnes or 8% of the company's projected production of 23 million tonnes this year.
The company is in talks with Indonesian government officials over reopening the mine. Jorong still has five to seven years of operation left, said Mr Chanin.
Banpu has six coal concessions in South Kalimantan, including Jorong.
Banpu projects coal prices will be stable after the second half of the year. Prices are now US$88-89 per tonne and the average coal price in 2009 was $72.
Demand is expected to be stronger, especially in China and India, but prices might be lower than last year because of lower coal quality, Mr Chanin said.
Banpu since Jan 1 has sold about 50% of its total production of 23 million tonnes at an average price of $60.
BANPU shares closed yesterday on the SET at 526 baht, up 4 baht, in trade worth 270.5 million baht.
Source: Bangkok Post
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Thursday, 04 February 10
NO AMDAL, NO COAL MINING IN KALIMANTAN: MINISTRY
To prevent further environmental damage, the government has said it would revoke the licenses of mining firms operating in Kalimantan that do not ha ...
Thursday, 04 February 10
ANTICIPATING DOMESTIC COAL DEMAND
Indonesia has an abundant amount of coal reserves, which in 2008 is estimated at 7,12 billion tones. Coal production in 2008 reached 231,18 mi ...
Wednesday, 03 February 10
CHINA'S MAIN COAL PRICES FALL AS WINTER DEMAND EASES
Weekly coal prices at China's Qinhuangdao port, a benchmark in the world's biggest producer and consumer of the fuel, fell for the first time in s ...
Wednesday, 03 February 10
NEWCASTLE COAL EXPORTS RISE 3%; SHIP QUEUE SHORTENS
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, increased 3 percent last week while the ...
Wednesday, 03 February 10
INDONESIA BUKIT ASAM SEES DOUBLE DIGIT 2010 REV GROWTH
* 2009 net profit rose an estimated 50 pct
* Sees opportunities for overseas acquisitions
Indonesian state-owned coal miner Bukit Asam saw 2009 ...
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- Mintek Dendrill Indonesia
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Orica Australia Pty. Ltd.
- Parliament of New Zealand
- Miang Besar Coal Terminal - Indonesia
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Makarim & Taira - Indonesia
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- Xindia Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Malabar Cements Ltd - India
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- Billiton Holdings Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- ICICI Bank Limited - India
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- Rio Tinto Coal - Australia
- Indian Energy Exchange, India
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Energy Development Corp, Philippines
- Sojitz Corporation - Japan
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Coastal Gujarat Power Limited - India
- Australian Coal Association
- Aditya Birla Group - India
- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ASAPP Information Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Sree Jayajothi Cements Limited - India
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Semirara Mining and Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- White Energy Company Limited
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Baramulti Group, Indonesia
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Altura Mining Limited, Indonesia
- Global Green Power PLC Corporation, Philippines
- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Interocean Group of Companies - India
- Star Paper Mills Limited - India
- Formosa Plastics Group - Taiwan
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- Minerals Council of Australia
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Electricity Authority, New Zealand
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Heidelberg Cement - Germany
- PTC India Limited - India
- Videocon Industries ltd - India
- Bayan Resources Tbk. - Indonesia
- Jindal Steel & Power Ltd - India
- Intertek Mineral Services - Indonesia
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Bhoruka Overseas - Indonesia
- Singapore Mercantile Exchange
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- Romanian Commodities Exchange
- Anglo American - United Kingdom
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Uttam Galva Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Vizag Seaport Private Limited - India
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- CNBM International Corporation - China
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Sical Logistics Limited - India
- Kumho Petrochemical, South Korea
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Coalindo Energy - Indonesia
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- Economic Council, Georgia
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
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