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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, 31 December 10
STC TO FINALIZE 12 MILLION MT OF COAL IMPORT CONTRACT TO TWO INDIAN AND A DUBAI BASED COAL TRADER - SOURCES
COALspot.com - World's single largest coal import tender floated by STC on behalf of state utility NTPC to finalize its suppliers or already finali ...
Thursday, 30 December 10
DRY BULK MARKET STAYS SUBDUED AT THE END OF 2010 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dy bulk market failed to cheer ship owners across the board as the year draws to an end, thus bringing mixed feelings ahead of 2011. On one hand ...
Thursday, 30 December 10
KANGAROO RESOURCES BUYS INDONESIAN COAL COMPANY
Australian-listed Kangaroo Resources Ltd. said Wednesday it will buy 99% of the Pakar thermal coal project in East Kalimantan, for A$277 million thr ...
Wednesday, 29 December 10
WEATHER IMPACTS RIO TINTO COAL AUSTRALIAS QUEENSLAND OPERATIONS
Press Release - As a result of severe monsoonal rain in central and northern Queensland, force majeure has been declared on coal sales contracts fro ...
Monday, 27 December 10
ANALYSIS: CHINA'S COAL PRODUCTION MISMATCHED WITH DOMESTIC DEMAND
As reported by iStock Analyst, China's coal market has been trapped in a strange cycle. Large coal production bases are facing overcapacity, while ...
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- VISA Power Limited - India
- Global Coal Blending Company Limited - Australia
- Karaikal Port Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- Sree Jayajothi Cements Limited - India
- Tamil Nadu electricity Board
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- Intertek Mineral Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Eastern Energy - Thailand
- Vedanta Resources Plc - India
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Alfred C Toepfer International GmbH - Germany
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- TeaM Sual Corporation - Philippines
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
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- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Marubeni Corporation - India
- Independent Power Producers Association of India
- Banpu Public Company Limited - Thailand
- European Bulk Services B.V. - Netherlands
- Deloitte Consulting - India
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Cigading International Bulk Terminal - Indonesia
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- Rashtriya Ispat Nigam Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- South Luzon Thermal Energy Corporation
- Gujarat Sidhee Cement - India
- Maheswari Brothers Coal Limited - India
- Semirara Mining and Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- ASAPP Information Group - India
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Coal and Oil Company - UAE
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Orica Australia Pty. Ltd.
- OPG Power Generation Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Minerals Council of Australia
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- MS Steel International - UAE
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Australian Commodity Traders Exchange
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Holcim Trading Pte Ltd - Singapore
- Vizag Seaport Private Limited - India
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Riau Bara Harum - Indonesia
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- PowerSource Philippines DevCo
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
- Billiton Holdings Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
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- Attock Cement Pakistan Limited
- Uttam Galva Steels Limited - India
- Malabar Cements Ltd - India
- GMR Energy Limited - India
- Australian Coal Association
- GAC Shipping (India) Pvt Ltd
- Larsen & Toubro Limited - India
- Edison Trading Spa - Italy
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- London Commodity Brokers - England
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
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- Formosa Plastics Group - Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
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