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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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Saturday, 02 January 10
INDONESIAS COAL OUTPUT RISES BY 5%
Indonesia, Asia’s largest coal exporter, produced 254 million tons of coal in 2009, a 5.8 percent increase from 2008 and well ahead of the gov ...
Saturday, 02 January 10
TAIPOWER FORECASTS COAL DEMAND TO SNAP DECLINE
Taiwan Power Co., Asia's biggest importer of thermal coal, expects its demand for the fuel to rise in 2010 after falling for two years as the islan ...
Friday, 01 January 10
COAL INDIA TO START IMPORTING DIRECTLY
According to sources, the coal major has already finalised tender document to import four million tonnes thermal grade coal for supplies to NTPC. Th ...
Thursday, 31 December 09
INDONESIA SEES 2010 MINING INVESTMENT UP 39 PCT
Reuters reported that, Indonesian mining investment is expected to hit $2.5 billion next year, up from $1.81 billion in 2009, supported by greater c ...
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 ...
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- Bahari Cakrawala Sebuku - Indonesia
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
- Indian Oil Corporation Limited
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- Indo Tambangraya Megah - Indonesia
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- Leighton Contractors Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Ministry of Mines - Canada
- Parry Sugars Refinery, India
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- Australian Coal Association
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- Medco Energi Mining Internasional
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chettinad Cement Corporation Ltd - India
- Siam City Cement - Thailand
- Jindal Steel & Power Ltd - India
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Altura Mining Limited, Indonesia
- Economic Council, Georgia
- Ministry of Transport, Egypt
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- Antam Resourcindo - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Merrill Lynch Commodities Europe
- Sindya Power Generating Company Private Ltd
- Global Green Power PLC Corporation, Philippines
- Australian Commodity Traders Exchange
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parliament of New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- Agrawal Coal Company - India
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wilmar Investment Holdings
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- White Energy Company Limited
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- Bangladesh Power Developement Board
- VISA Power Limited - India
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Manunggal Multi Energi - Indonesia
- Singapore Mercantile Exchange
- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- Port Waratah Coal Services - Australia
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- The University of Queensland
- Global Business Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- Star Paper Mills Limited - India
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
- PTC India Limited - India
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
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