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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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Saturday, 13 February 10
COAL INDIA 2010/11 COAL IMPORTS TO JUMP - EXEC
Coal imports by state-run Coal India Ltd are likely to soar to 6-10 million tonnes in fiscal 2010/11 from an expected 1.5-1.7 million tonnes in the ...
Saturday, 13 February 10
RULES MAY FREE $10B OF MINING PROJECTS IN INDONESIA
The government announced on Friday that it had issued two implementing regulations for the new Mining Law that will clear the way for the developmen ...
Saturday, 13 February 10
INDONESIA OFFERS TAX INCENTIVES FOR RENEWABLE ENERGY
Indonesia is offering tax incentives to develop renewable energy projects, including geothermal energy, to cut dependency on fossil fuels, a decree ...
Friday, 12 February 10
MECHEL EYES 2010 COAL OUTPUT AT 28-29 MLN T
Russian steel and coking coal producer Mechel expects coal output to reach 28-29 million tonnes this year, returning to pre-crisis levels thanks to ...
Friday, 12 February 10
TATA POWER: QUARTERLY BLIP
Although the company’s revenues dipped in the December quarter, its long-term story is intact.
Lower power generation and realisations saw ...
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Showing 6001 to 6005 news of total 6871 |
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- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- Aditya Birla Group - India
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- PNOC Exploration Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- Makarim & Taira - Indonesia
- Ambuja Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- CIMB Investment Bank - Malaysia
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- Sojitz Corporation - Japan
- Central Electricity Authority - India
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- Sical Logistics Limited - India
- Bharathi Cement Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- The University of Queensland
- Kaltim Prima Coal - Indonesia
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Bhoruka Overseas - Indonesia
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- SMC Global Power, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- MS Steel International - UAE
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- Mintek Dendrill Indonesia
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- Chamber of Mines of South Africa
- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- India Bulls Power Limited - India
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- Singapore Mercantile Exchange
- Planning Commission, India
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- Commonwealth Bank - Australia
- Meenaskhi Energy Private Limited - India
- Sarangani Energy Corporation, Philippines
- Coal and Oil Company - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Trasteel International SA, Italy
- Orica Mining Services - Indonesia
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- GMR Energy Limited - India
- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Cigading International Bulk Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meralco Power Generation, Philippines
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- Deloitte Consulting - India
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- White Energy Company Limited
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tata Chemicals Ltd - India
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- TeaM Sual Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Finance - Indonesia
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Eastern Coal Council - USA
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