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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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Tuesday, 12 January 10
COAL PRICE FORECAST RAISED AT ANZ ON STRONGER CHINESE DEMAND
Power-station coal price forecasts for this year were raised 19 percent by Australia & New Zealand Banking Group Ltd. on rising demand from Chin ...
Tuesday, 12 January 10
BUMIS SALE CONTRACT ONLY REACHED 35 PERCENT
PT Bumi Resources has only completed 35 percent if its coal sale contract this year. “More than 65 percent of our sale volume did not have a c ...
Monday, 11 January 10
THE MARKET IS LIKELY TO BE STEADY - VISTAAR SINGAPORE
COALspot.com (Singapore): The freight market for the first week of the year was quite active and the market especially in the Panamax and Supramax s ...
Monday, 11 January 10
CHINAS COAL EXPORT MAY DECLINE 50% IN 2009
Preliminary data released by China's General Administration of Customs (GAC) on Wednesday showed that China's coal export reached 2.05 million ton ...
Saturday, 09 January 10
THE FAR EAST MARKET STARTED TO STABILIZE - FEARNLEYS
Handy
The FEAST market started to stabilize after the quite holidays and we saw growing activity fed by Chinese coal and iron ore imports and Indi ...
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Showing 6101 to 6105 news of total 6871 |
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- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Ambuja Cements Ltd - India
- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- Kobexindo Tractors - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- White Energy Company Limited
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kumho Petrochemical, South Korea
- Orica Mining Services - Indonesia
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- Dalmia Cement Bharat India
- Cement Manufacturers Association - India
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Orica Australia Pty. Ltd.
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- Thiess Contractors Indonesia
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Directorate Of Revenue Intelligence - India
- Africa Commodities Group - South Africa
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- Marubeni Corporation - India
- Essar Steel Hazira Ltd - India
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- Bukit Makmur.PT - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Australian Coal Association
- GMR Energy Limited - India
- Indogreen Group - Indonesia
- Trasteel International SA, Italy
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- PTC India Limited - India
- SMC Global Power, Philippines
- The University of Queensland
- Kideco Jaya Agung - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Aboitiz Power Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Central Electricity Authority - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ASAPP Information Group - India
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Tamil Nadu electricity Board
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- Global Business Power Corporation, Philippines
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Borneo Indobara - Indonesia
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
- Lanco Infratech Ltd - India
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- Bulk Trading Sa - Switzerland
- Wilmar Investment Holdings
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Petron Corporation, Philippines
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- Georgia Ports Authority, United States
- McConnell Dowell - Australia
- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
- Kaltim Prima Coal - Indonesia
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