Welcome to in-en.com! AddFavorite    Make your home page    Chinese    English
Greatwall Drilling Company (GWDC)
Weekly Article Rank
Home -> News Center -> Coal
PT Banpu Indonesia coal production falls
in-en.com  2011-7-15 9:35:29  

- +

PT Banpu Plc said that its Indonesian coal output will fall short of its 2011 target of 25 to 26 million tonnes after a long rainy season and delays of shipment deliveries curbed volume in the second quarter.

Mr Chanin Vongkusolkit CEO said that sales of Indonesian coal missed the target of 6.2 million tonnes for the second quarter as heavy rain affected production and delayed deliveries at ports. This will result in as much as 500,000 tonnes of output and sales losses for all of 2011 from the company's total projection of 42 million tones even though Australian production would make up for some of the Indonesian losses.

Mr Chanin added that "We've seen sales volume for the year falling short of our original target. It will be around 24 million tonnes."

However, Banpu has maintained its revenue target of THB 90 billion this year, thanks to strong coal prices.

Mr Chanin said that "We are confident that Banpu's average selling prices this year will exceed USD 90 per tonne." He also said Banpu planned to issue debentures worth 10 billion baht by the end of second quarter or early third quarter to refinance debt at lower interest rates.

Author:steelguru  From:steelguru  Edit:Alice
[Back] [Print]
Previous:Forbes Coal to list on JSE
Next:Realm Resources identifies 40 million tonnes coal resource at Katingan Ria project
Hot Topic of the Day
· Pakistan Set to Approve $1 Billion Plan to Boost W
· Rio Tinto's Coal & Allied Q2 output rises 13 pct q
· GE backs Israeli company that turns waste water in
· Gov. Pat Quinn Signs Bill Boosting New Clean Coal
· Euro Coal prices drop USD 1 per tonne
· Electricity upgrade earns support from Timaru busi
· India first renewable energy based smart mini grid
· Spanish nuclear power station in false alarm scare
· Carbon emissions to be taxed at Aus$23 a tonne
· Echelon Secures $16 Million Smart Grid Project for
Advanced Control Systems
Commend Article Rank
· Coal Derivatives Market
· Oman eyes renewable energy
· Inpex's Ichthys LNG Project May Overtake Gorgon, A
· Newcastle Coal Price Falls to 9-Week Low on Holida
· Saipem, Chiyoda Win $4.5 Billion Contract for Alge
· Richards Bay, DES ARA coal prices rise
· China's Wind Power Industry: Localizing Equipment
· REW Exclusive: Siemens New 3.6 MW Direct-drive "Co
· CTL plants proliferate as China taps vast coal res
· IEA Raises 2009 Oil Demand Forecast; China Consump
About us | Contact | Copyright © 2007 IN-en.com. All rights reserved.