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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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Wednesday, 15 December 10
LARGE ORDERBOOK TO HINDER 2011 DRY BULK MARKET REBOUND DESPITE INCREASED DEMAND SAYS PARAGON SHIPPING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A large orderbook which currently stands at 53% of the existing fleet is expected to render 2011 another challenging year for the dry bulk marke ...
Wednesday, 15 December 10
SMALLER DRY BULK VESSELS ARE LOOKING UP, LARGER ONES FAIL TO DELIVER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market lost further ground at the beginning of the week, in what could prove one of the slowest periods ship owners have been faced. Ye ...
Tuesday, 14 December 10
COAL IMPORTS MAY INCREASE 78% TO CHINA, INDIA: ENERGY MARKETS - BUSINESS WEEK
Business Week reported that, China and India may increase imports of coal by 78 percent to 337 million metric tons next year, further driving up pri ...
Tuesday, 14 December 10
THE FREIGHT RATES FROM INDONESIA TO INDIA AND CHINA REMAINED FIRM - CAPT. REDDY
COALspot.com - The freight market continued to be soft with the Cape sector most effected which was down by 289 points and closed at 2,694 poi ...
Monday, 13 December 10
ICE FUTURES EUROPE TO LAUNCH IHS MCCLOSKEY INDONESIAN SUB-BITUMINOUS FOB MARKER COAL CONTRACTS - MONDOVISIONE
Mondovisione reported that, IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over ...
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- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- South Luzon Thermal Energy Corporation
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Mercuria Energy - Indonesia
- Interocean Group of Companies - India
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- GAC Shipping (India) Pvt Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- GMR Energy Limited - India
- Independent Power Producers Association of India
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- Ind-Barath Power Infra Limited - India
- Gujarat Sidhee Cement - India
- Kartika Selabumi Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- White Energy Company Limited
- PTC India Limited - India
- ICICI Bank Limited - India
- Georgia Ports Authority, United States
- Singapore Mercantile Exchange
- Intertek Mineral Services - Indonesia
- Mintek Dendrill Indonesia
- Formosa Plastics Group - Taiwan
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- Anglo American - United Kingdom
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kumho Petrochemical, South Korea
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- Wilmar Investment Holdings
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- Africa Commodities Group - South Africa
- Indian Energy Exchange, India
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Videocon Industries ltd - India
- Renaissance Capital - South Africa
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Deloitte Consulting - India
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Baramulti Group, Indonesia
- The University of Queensland
- Dalmia Cement Bharat India
- Gujarat Mineral Development Corp Ltd - India
- Kepco SPC Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- PowerSource Philippines DevCo
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- Economic Council, Georgia
- Romanian Commodities Exchange
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- Thiess Contractors Indonesia
- Madhucon Powers Ltd - India
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Tamil Nadu electricity Board
- Sree Jayajothi Cements Limited - India
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
- Parry Sugars Refinery, India
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Latin American Coal - Colombia
- Tata Chemicals Ltd - India
- CNBM International Corporation - China
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Ministry of Finance - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Energy Link Ltd, New Zealand
- LBH Netherlands Bv - Netherlands
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- Planning Commission, India
- Australian Coal Association
- Meralco Power Generation, Philippines
- VISA Power Limited - India
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Cement Manufacturers Association - India
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- Agrawal Coal Company - India
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- Port Waratah Coal Services - Australia
- Medco Energi Mining Internasional
- Rashtriya Ispat Nigam Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
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