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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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Thursday, 11 February 10
THE INDIAN MARKET SOFTENING A BIT - FEARNRESEARCH
Handy
The BSI has gone down for 3 weeks now but it is more a reflection of the Pac market. Activity in the Atl remains solid and rates remain firm ...
Thursday, 11 February 10
SOUTH AFRICA COAL EXPORTS DROP TO INDIA, CHINA
South African coal exports to India from Richards Bay Coal Terminal fell 39% in January from December's levels while shipments to China dropped 55% ...
Thursday, 11 February 10
JSW STEEL IS CLOSE TO ACQUIRING TWO COAL MINES IN THE US
“We are in advanced stages of negotiation and the deal will be completed in a month or two,” a company official told DNA Money on the co ...
Wednesday, 10 February 10
BHP TAKES MARUWAI SALE OFF THE TABLE, MINISTRY SAYS
Australian mining giant BHP Billiton may cancel a plan to sell a stake in its coal mining project in Maruwai, East Kalimantan, an official at the En ...
Wednesday, 10 February 10
JPMORGAN FORECASTS A 5.7% GROWTH IN SEABORNE IRON ORE SHIPMENTS, 3.8% FOR COAL AND GRAIN THIS YEAR
This year volumes of iron ore transportation by sea may grow to 5.7%, coal and grain up 3.8% over numbers in 2009, Ukrrudprom reports citing analyst ...
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Showing 6006 to 6010 news of total 6871 |
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- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- Essar Steel Hazira Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Krishnapatnam Port Company Ltd. - India
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Indika Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- ICICI Bank Limited - India
- Semirara Mining Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- Australian Coal Association
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhatia International Limited - India
- PNOC Exploration Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- The State Trading Corporation of India Ltd
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Lanco Infratech Ltd - India
- Pendopo Energi Batubara - Indonesia
- India Bulls Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Central Electricity Authority - India
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Jindal Steel & Power Ltd - India
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- Rashtriya Ispat Nigam Limited - India
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Banpu Public Company Limited - Thailand
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- Dalmia Cement Bharat India
- Heidelberg Cement - Germany
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- ASAPP Information Group - India
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- Borneo Indobara - Indonesia
- Indogreen Group - Indonesia
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- Rio Tinto Coal - Australia
- Riau Bara Harum - Indonesia
- Central Java Power - Indonesia
- The University of Queensland
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Global Business Power Corporation, Philippines
- Standard Chartered Bank - UAE
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- Deloitte Consulting - India
- Electricity Generating Authority of Thailand
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- VISA Power Limited - India
- Posco Energy - South Korea
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Goldman Sachs - Singapore
- Timah Investasi Mineral - Indoneisa
- Coastal Gujarat Power Limited - India
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- PTC India Limited - India
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Indian Energy Exchange, India
- Parry Sugars Refinery, India
- Ministry of Mines - Canada
- Sindya Power Generating Company Private Ltd
- Tata Chemicals Ltd - India
- Malabar Cements Ltd - India
- Jaiprakash Power Ventures ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Medco Energi Mining Internasional
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
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