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