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Tuesday, 14 December 10
BANPU PLANNING PRODUCTION BOOM - BANGKOK POST
 Australian, Indonesian output to lead growth
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, wants to nearly double its coal output to 46 million tonnes next year, thanks to the acquisition of Sydney-based Centennial Coal and a higher contribution from Indonesian mines.
Production at coal mines in Indonesia will increase from 22 to 26 million tonnes, while two mines in China will contribute 5.5 million tonnes, said Somrudee Chaimongkol, Banpu's chief financial officer.
Centennial, which Banpu took over for A$2 billion (59.3 billion baht), will produce a minimum of 14.5 million tonnes in 2011, she said. This year's production was 1 million tonne short of its target due to heavy rainfall.
Centennial, in its last fiscal year ending in June, produced 14.5 million tonnes. Ms Somrudee said the company will change the fiscal year of the Australian company to a normal calendar year, same as Banpu, making it easier for Banpu to consolidate Centennial into its company's financial results.
"Production will increase significantly but overall financial results have not been estimated yet as they depend on global coal prices," she said.
Banpu chief executive Chanin Vongkusolkit said recently coal prices are rising and broke $110 per tonne already this year. Banpu's average selling price next year will certainly be higher than this year as it was quoted at $78 per tonne in the third quarter, compared with the 2009 average of $71.
To gain from the higher prices, Ms Somrudee said Banpu plans to increase exports of Centennial so its prices can move up in line with spot prices. Currently, two-thirds of Centennial's output serves the domestic market with fixed contract prices.
"Our plan is to balance exports and domestic sales of Centennial," said Ms Somrudee.
At the same time, Banpu aims to increase its coal-related assets from around 60-65% of total assets at present to 70% next year with the combination of Centennial assets. It divested its 14% share last month in Ratchaburi Electricity Generating Holding, Thailand's largest private power producer, under a long-term strategy to focus more on its core coal business.
Ms Somrudee said Banpu will spend the 6.68 billion baht earned from the share sale to expand its coal assets overseas.
The ultimate goal is to boost coal-related assets to 85% of the total, she added.
Banpu's shareholders earlier approved the company issuing bonds worth no more than 20 billion baht. The bonds will be gradually issued starting next year to refinance the company's existing debts by extending payment periods to more than 10 years, she added.
BANPU shares closed on Friday on the Stock Exchange of Thailand at 782 baht, up four baht, in trade worth 998 million baht.
Source: Bangkok Post
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Friday, 11 February 11
DRY BULK MARKET HEATING UP ON FRESH CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is on a high this week, with owners of smaller vessels turning their attention towards the spot market, in order to take advanta ...
Thursday, 10 February 11
SUPRA RATES IMPROVED A LITTLE OVER US$ 6K BSS N. CHINA DELIVERY FOR INDO-INDIA AND THAILAND ROUNDS - FEARNBULK
Handy
Atl is still weak with little fresh enquiry and an accumulation of spot tonnage.Owners are reluctant to send tonnage thru Suez due to uncert ...
Thursday, 10 February 11
BUKIT ASAM EXPECTS ABOVE RP 3 TRIO PROFIT
The state-owned coal miner PT Tambang Bukit Asam Tbk (PTBA) expects to reach 2011's net profit above Rp 3 trillion (US$ 336,322,568) from above Rp2 ...
Wednesday, 09 February 11
INDONESIA ALLOWED 60 COAL TRADING COMPANIES TO EXPORT COAL
COALspot.com - A temporary ban imposed on coal traders in January has lifted this week. As of today 60coal trading companies were allowed to resume ...
Tuesday, 08 February 11
INDIA'S SIMHAPURU TARGETS S.AFRICAN COAL - ECONOMIC TIMES
Economic Times reported that, India's Simhapuri Energy , a unit of the Madhucon Group , wants to buy new or existing collieries in South Africa fro ...
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- Holcim Trading Pte Ltd - Singapore
- Power Finance Corporation Ltd., India
- Vizag Seaport Private Limited - India
- Gujarat Sidhee Cement - India
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Posco Energy - South Korea
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Coalindo Energy - Indonesia
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Ceylon Electricity Board - Sri Lanka
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Eastern Coal Council - USA
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Aditya Birla Group - India
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- Chettinad Cement Corporation Ltd - India
- Orica Australia Pty. Ltd.
- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- Billiton Holdings Pty Ltd - Australia
- Baramulti Group, Indonesia
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- Marubeni Corporation - India
- Deloitte Consulting - India
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- Anglo American - United Kingdom
- Ministry of Mines - Canada
- Samtan Co., Ltd - South Korea
- Neyveli Lignite Corporation Ltd, - India
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- ASAPP Information Group - India
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Heidelberg Cement - Germany
- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- Mercuria Energy - Indonesia
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Videocon Industries ltd - India
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Kohat Cement Company Ltd. - Pakistan
- Kartika Selabumi Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- Indian Oil Corporation Limited
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- Jindal Steel & Power Ltd - India
- The University of Queensland
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Standard Chartered Bank - UAE
- Toyota Tsusho Corporation, Japan
- Metalloyd Limited - United Kingdom
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Borneo Indobara - Indonesia
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Tata Chemicals Ltd - India
- Tamil Nadu electricity Board
- White Energy Company Limited
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Bangladesh Power Developement Board
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Bulk Trading Sa - Switzerland
- Central Electricity Authority - India
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Parliament of New Zealand
- Grasim Industreis Ltd - India
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- The State Trading Corporation of India Ltd
- India Bulls Power Limited - India
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Binh Thuan Hamico - Vietnam
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Malabar Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- Interocean Group of Companies - India
- Electricity Authority, New Zealand
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