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Thursday, 04 March 10
BANPU KEEPS JORONG OUTPUT AT 2M TONNES
 Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is maintaining an output target of 2 million tonnes this year from its Jorong mine in Indonesia, even though the site remains closed pending the resolution of questions about forest encroachment.
CEO Chanin Vongkusolkit said the company expected the Indonesian government would finalise new forestry regulations soon, with clearer designations of which areas are preserved forest areas.
Indonesian police closed Jorong and several other industrial sites last month as part of a crackdown on forest encroachment.
Mr Chanin acknowledged there had been "misunderstanding and unclear regulations" about forestry areas in Indonesia. "However, I have heard the new regulations are just awaiting signing by the president to take effect," he said.
The new regulation would specify the mine site as a commercially permitted area.
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“Total coal output this year is forecast at 26.5 mln tonnes, up from 23.8 mln last year. Coal prices are expected to average between $65 and $71 per tonne this year, compared with $71.70 last year”
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The company last year produced 3.1 million tonnes of coal from Jorong, but output will decline in line with depleting coal reserves and the mine will close in six years.
"However, it has been good for us since it was time that the local government clarified the regulations properly, so we [coal miners] would know if our mines are in commercially allowed forest areas or prohibited ones," he said.
The company has dealt with the immediate crisis by increasing output from mines nearby as it needs more coal to deliver to Jorong clients under its contracts.
Banpu's coal output from Indonesia is expected to rise 7.4% to 23 million tonnes from 21.4 million last year.
The company has earmarked regional capital expenditure for 2010 to 2015 of US$466 million, including $189 million in Indonesia. It will invest $255 million in the Hong Sa coal mine and coal-fired power plant in Laos, and $22 million in its coal mines in China.
"The sum does not include the capital needed for merger and acquisition plans, for which we are still looking at China and Australia," Mr Chanin said.
However, the company is no longer interested in India where it says local regulations on coal mining are too strict.
By 2015 Banpu expects coal will contribute 90% of its revenue, up from 75% currently, and the remaining 10% would come from power.
Banpu forecasts sales this year will be on par with last year, reflecting a decline in global coal prices, baht appreciation and the drop of revenue from its BLCP power plant in Thailand, despite a 10% increase in coal output this year.
Total coal output this year is forecast at 26.5 million tonnes, up from 23.8 million last year.
Coal prices are expected to average between $65 and $71 per tonne this year, compared with $71.70 last year.
Banpu's net profit last year rose to 14.2 billion baht from 9.2 billion in 2008, with many of the gains coming from China, which contributed profits of 4 billion baht.
BANPU shares closed yesterday on the Stock Exchange of Thailand at 586 baht, up 20 baht, in trade worth 1.59 billion baht.
Source: Bangkok Post - Writer: Yuthana Praiwan
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Monday, 15 March 10
CIL BOARD CLEARS 10 PROPOSALS FOR STRATEGIC PARTNERSHIP OR JVS
Economic Times reported that, Towards achieving a global footprint, state-owned Coal India (CIL) is eyeing strategic partnership or joint ventures w ...
Sunday, 14 March 10
CHINESE COAL PRICE MAY RISE TO TRADE NEAR SPOT, MACQUARIE SAYS
Bloomberg reported that, Steel mills in China, the world’s biggest producer of the alloy, may pay more for domestic coking coal this year as d ...
Sunday, 14 March 10
THERE IS NO INDICATION OF SLOWING DOWN OF IRON ORE AND COAL IMPORTS BY CHINA - VISTAAR SINGAPORE
COALspot.com: The dry bulk freight market continued the upward trend and the BDI closed 8.14 pct this week.
The Cape index up by 10.32 pct ...
Saturday, 13 March 10
INDONESIA COAL EXPORTS DROP IN FEBRUARY
COALspot.com: Indonesia, the world largest coal exporter, exported 24.38 million tons in January 2010 which fell slightly to 22.89 mln ton of coal i ...
Saturday, 13 March 10
INDONESIA TELLS BUKIT ASAM TO DITCH PARTNER IN SUMATRA RAILWAY UNLESS PROJECT STARTS
The Jakarta Globe reported that, the Indonesian government has urged state-owned miner PT Tambang Batubara Bukit Asam to look for new partners to he ...
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Showing 5941 to 5945 news of total 6871 |
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- Therma Luzon, Inc, Philippines
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Coastal Gujarat Power Limited - India
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- Ministry of Mines - Canada
- Minerals Council of Australia
- Jaiprakash Power Ventures ltd
- OPG Power Generation Pvt Ltd - India
- ICICI Bank Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sindya Power Generating Company Private Ltd
- Sical Logistics Limited - India
- Deloitte Consulting - India
- Antam Resourcindo - Indonesia
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Coal and Oil Company - UAE
- Kaltim Prima Coal - Indonesia
- Energy Development Corp, Philippines
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- SMC Global Power, Philippines
- European Bulk Services B.V. - Netherlands
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- Georgia Ports Authority, United States
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- Iligan Light & Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Siam City Cement - Thailand
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- Altura Mining Limited, Indonesia
- SN Aboitiz Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Vizag Seaport Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- The University of Queensland
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bhushan Steel Limited - India
- Videocon Industries ltd - India
- Timah Investasi Mineral - Indoneisa
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- ASAPP Information Group - India
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- Karaikal Port Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IEA Clean Coal Centre - UK
- Ambuja Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Lanco Infratech Ltd - India
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Power Finance Corporation Ltd., India
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Australian Coal Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- Global Business Power Corporation, Philippines
- Chamber of Mines of South Africa
- MS Steel International - UAE
- Formosa Plastics Group - Taiwan
- Malabar Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Banpu Public Company Limited - Thailand
- India Bulls Power Limited - India
- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Miang Besar Coal Terminal - Indonesia
- New Zealand Coal & Carbon
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
- Indonesian Coal Mining Association
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
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