We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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.
|
|
“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”
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 10 February 10
ANGLO AMERICAN TIPS COAL PRICE RISE AFTER RAIN, AUSTRALIAN SAYS
Anglo American Plc expects coking coal contract prices to rise after weeks of heavy rain in Queensland state cut output by as much as 10 million met ...
Wednesday, 10 February 10
KANGAROO RESOURCES COMMENCES MINING AT MAMAHAK COKING COAL PROJECT
International coal producer Kangaroo Resources has kicked off mining at its second Indonesian coal operation, the Mamahak Coking Coal Project in Eas ...
Wednesday, 10 February 10
CHINA DENIES CLIVE PALMER'S COAL DEAL
ONE of China's biggest government-owned companies yesterday repudiated mining billionaire Clive Palmer for overstating what he said was Australia' ...
Tuesday, 09 February 10
INDIANS SAY SEEKING COAL BARGAINS VIA INDEX PRICES
* Indonesian cheaper than S.African - traders
* End-users wait for price falls before tendering
Indian coal traders responsible for the bulk of ...
Tuesday, 09 February 10
EURO COAL-PROMPT SLIDES WITH OIL PRICES
* April S.African cargo trades at $83.50/T FOB, unchanged
* April DES cargo trades at $74.75 a tonne, down $1/T
* Russia's Kuzbassrazrezugol sees ...
|
|
|
Showing 6011 to 6015 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Barasentosa Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- Australian Coal Association
- India Bulls Power Limited - India
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Aboitiz Power Corporation - Philippines
- Thiess Contractors Indonesia
- Pendopo Energi Batubara - Indonesia
- Toyota Tsusho Corporation, Japan
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- ICICI Bank Limited - India
- Star Paper Mills Limited - India
- Madhucon Powers Ltd - India
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- TeaM Sual Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Australian Commodity Traders Exchange
- Central Electricity Authority - India
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- Indian Energy Exchange, India
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- Savvy Resources Ltd - HongKong
- Thai Mozambique Logistica
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Simpson Spence & Young - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Orica Australia Pty. Ltd.
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Planning Commission, India
- Attock Cement Pakistan Limited
- Bangladesh Power Developement Board
- PTC India Limited - India
- Heidelberg Cement - Germany
- GN Power Mariveles Coal Plant, Philippines
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- LBH Netherlands Bv - Netherlands
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- Economic Council, Georgia
- Ministry of Mines - Canada
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- Mercator Lines Limited - India
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Trasteel International SA, Italy
- Ministry of Finance - Indonesia
- GAC Shipping (India) Pvt Ltd
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Aditya Birla Group - India
- Dalmia Cement Bharat India
- Mjunction Services Limited - India
- GMR Energy Limited - India
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Therma Luzon, Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Global Coal Blending Company Limited - Australia
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- Sojitz Corporation - Japan
- Oldendorff Carriers - Singapore
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- Central Java Power - Indonesia
- Anglo American - United Kingdom
- Eastern Coal Council - USA
- Minerals Council of Australia
- Agrawal Coal Company - India
- Electricity Authority, New Zealand
- Goldman Sachs - Singapore
- The University of Queensland
- Videocon Industries ltd - India
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- South Luzon Thermal Energy Corporation
- Ministry of Transport, Egypt
- Vijayanagar Sugar Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- Intertek Mineral Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Riau Bara Harum - Indonesia
- Parliament of New Zealand
- Medco Energi Mining Internasional
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- CIMB Investment Bank - Malaysia
|
| |
| |
|
