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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 $71.70 last year.
Banpu's net profit last year rose to 14.2 billion baht from 9.2 billion in 2008, with many of the gains coming from China, which contributed profits of 4 billion baht.
BANPU shares closed yesterday on the Stock Exchange of Thailand at 586 baht, up 20 baht, in trade worth 1.59 billion baht.
Source: Bangkok Post - Writer: Yuthana Praiwan
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Monday, 08 March 10
CHINA SHIPPING TO CARRY MORE COAL FOR SHENHUA
Hellenic Shipping News reported that, China Shipping (Group) Company will expect to ship 40 million tons of coal for Shenhua Group in 2010, Li Shaod ...
Sunday, 07 March 10
SHIPS WERE FIXED AT AROUND US$ 16,000 PER DAY FOR TRIP VIA INDONESIA TO INDIA - CAPT. REDDY
COALspot.com: The freight market was quite buoyant this week and BDI was up by 18 pct . The Cape index up by 23.60 pct and Panamax index was up by 1 ...
Saturday, 06 March 10
ESSAR TO BUY US COAL FIRM FOR $550-600 MN
Business-Standard reported that, the Essar Group is close to buying Trinity Coal, one of the top 10 coal producers in the US, in a deal worth $550-6 ...
Friday, 05 March 10
KARNATAKA POWER SEEKS 900,000 TONS STEAMING COAL OVER 9 MONTHS
Bloomberg reported that, Karnataka Power Corp., an Indian electricity generator, is seeking to import 900,000 metric tons of steaming coal over nine ...
Friday, 05 March 10
COAL RALLY ON CHINESE DEMAND SPARKS $59 ESTIMATES
Bloomberg reportd that, A rally that has boosted coal prices 21 percent from their lows last year may have further to go as the coldest U.S. winter ...
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Showing 5956 to 5960 news of total 6871 |
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- ICICI Bank Limited - India
- Coastal Gujarat Power Limited - India
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Makarim & Taira - Indonesia
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Tamil Nadu electricity Board
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- Interocean Group of Companies - India
- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- White Energy Company Limited
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- Parliament of New Zealand
- GAC Shipping (India) Pvt Ltd
- Star Paper Mills Limited - India
- Merrill Lynch Commodities Europe
- Kumho Petrochemical, South Korea
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- Minerals Council of Australia
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Attock Cement Pakistan Limited
- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Thiess Contractors Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- Meralco Power Generation, Philippines
- PTC India Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Orica Australia Pty. Ltd.
- Globalindo Alam Lestari - Indonesia
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- Antam Resourcindo - Indonesia
- CIMB Investment Bank - Malaysia
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- Jindal Steel & Power Ltd - India
- Meenaskhi Energy Private Limited - India
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Manunggal Multi Energi - Indonesia
- Borneo Indobara - Indonesia
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Bayan Resources Tbk. - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- Indo Tambangraya Megah - Indonesia
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Edison Trading Spa - Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Economic Council, Georgia
- Ministry of Mines - Canada
- Sree Jayajothi Cements Limited - India
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Bhoruka Overseas - Indonesia
- Bukit Makmur.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Malabar Cements Ltd - India
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Singapore Mercantile Exchange
- Global Green Power PLC Corporation, Philippines
- Lanco Infratech Ltd - India
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- Mjunction Services Limited - India
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- Planning Commission, India
- GMR Energy Limited - India
- Chamber of Mines of South Africa
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Toyota Tsusho Corporation, Japan
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- Karaikal Port Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Cigading International Bulk Terminal - Indonesia
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- Wilmar Investment Holdings
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- Oldendorff Carriers - Singapore
- Indika Energy - Indonesia
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