COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Monday, 08 November 10
INDONESIAN HBA HAS INCREASED TO $ 95.51 PER TON FOR NOVEMBER LOADING
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...


Sunday, 07 November 10
THE SUPRAMAX INDEX IN THE FAR EAST CONTINUED TO BE UNDER PRESSURE - CAPT. REDDY
COALspot.com: The freight market continued to remain soft and all segments were down by almost about 6 pct. The BDI and Cape Size index was down ...


Saturday, 06 November 10
DRY BULK MARKET LACKING SUPPORT TO SUSTAIN CURRENT LEVELS, BUT PANAMAX OWNERS ARE MORE FORTUNATE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Posting its fifth straight losing session, the dry bulk market benchmark, the BDI (Baltic Dry Index) was down yesterday by another 1.26% to 2510 poi ...


Friday, 05 November 10
RI COAL EXPORT PROSPECTS STILL BRIGHT - THE JAKARTA POST
The Jakarta Post reported that, Indonesia, already the world’s largest exporter of seaborne thermal coal since 2005, will continue to be a maj ...


Thursday, 04 November 10
CAPE SIZE SENTIMENT FOR THIS WEEK WAS NEGATIVE - FEARNBULK
Handy The  Atlantic  markets  remain  flat  and  lackluster.  High  volume  of  tonnage availabi ...


   1106 1107 1108 1109 1110   
Showing 5536 to 5540 news of total 6871
News by Category
Popular News
 
Total Members : 28,697
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Moodys - Singapore
  • Humpuss - Indonesia
  • VISA Power Limited - India
  • Cebu Energy, Philippines
  • globalCOAL - UK
  • Chamber of Mines of South Africa
  • Core Mineral Indonesia
  • Bangkok Bank PCL
  • Ind-Barath Power Infra Limited - India
  • Energy Link Ltd, New Zealand
  • Thiess Contractors Indonesia
  • Kartika Selabumi Mining - Indonesia
  • South Luzon Thermal Energy Corporation
  • Straits Asia Resources Limited - Singapore
  • Idemitsu - Japan
  • Cemex - Philippines
  • Neyveli Lignite Corporation Ltd, - India
  • Coal India Limited
  • CoalTek, United States
  • Merrill Lynch Commodities Europe
  • Mitsui
  • Iligan Light & Power Inc, Philippines
  • TRAFIGURA, South Korea
  • SN Aboitiz Power Inc, Philippines
  • Bank of America
  • Tata Power - India
  • Leighton Contractors Pty Ltd - Australia
  • Chettinad Cement Corporation Ltd - India
  • The India Cements Ltd
  • Petron Corporation, Philippines
  • Binh Thuan Hamico - Vietnam
  • Medco Energi Mining Internasional
  • Maharashtra Electricity Regulatory Commission - India
  • GB Group - China
  • Thomson Reuters GRC
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Samsung - South Korea
  • Glencore India Pvt. Ltd
  • Argus Media - Singapore
  • Singapore Mercantile Exchange
  • Edison Trading Spa - Italy
  • JPMorgan - India
  • Romanian Commodities Exchange
  • TeaM Sual Corporation - Philippines
  • UOB Asia (HK) Ltd
  • Indian School of Mines
  • Semirara Mining and Power Corporation, Philippines
  • Cigading International Bulk Terminal - Indonesia
  • PTC India Limited - India
  • Platts
  • ASAPP Information Group - India
  • Credit Suisse - India
  • KEPCO - South Korea
  • Thai Mozambique Logistica
  • Grasim Industreis Ltd - India
  • BRS Brokers - Singapore
  • European Bulk Services B.V. - Netherlands
  • GNFC Limited - India
  • PNOC Exploration Corporation - Philippines
  • Siam City Cement - Thailand
  • Parry Sugars Refinery, India
  • GMR Energy Limited - India
  • U S Energy Resources
  • Adaro Indonesia
  • Barasentosa Lestari - Indonesia
  • Rudhra Energy - India
  • EMO - The Netherlands
  • Madhucon Powers Ltd - India
  • Bhoruka Overseas - Indonesia
  • Interocean Group of Companies - India
  • Kohat Cement Company Ltd. - Pakistan
  • Mjunction Services Limited - India
  • Coal Orbis AG
  • Electricity Authority, New Zealand
  • Karbindo Abesyapradhi - Indoneisa
  • Kideco Jaya Agung - Indonesia
  • Ince & co LLP
  • Bharathi Cement Corporation - India
  • Qatrana Cement - Jordan
  • London Commodity Brokers - England
  • ACC Limited - India
  • Indogreen Group - Indonesia
  • Globalindo Alam Lestari - Indonesia
  • Maheswari Brothers Coal Limited - India
  • Posco Energy - South Korea
  • Oldendorff Carriers - Singapore
  • Fearnleys - India
  • Jorong Barutama Greston.PT - Indonesia
  • Directorate Of Revenue Intelligence - India
  • AsiaOL BioFuels Corp., Philippines
  • Global Coal Blending Company Limited - Australia
  • RBS Sempra - UK
  • Australian Coal Association
  • Gupta Coal India Ltd
  • TNB Fuel Sdn Bhd - Malaysia
  • Bangladesh Power Developement Board
  • Makarim & Taira - Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • Global Business Power Corporation, Philippines
  • Vale Mozambique
  • Parliament of New Zealand
  • Bhushan Steel Limited - India
  • Platou - Singapore
  • Uttam Galva Steels Limited - India
  • Clarksons - UK
  • Central Java Power - Indonesia
  • Coalindo Energy - Indonesia
  • Dalmia Cement Bharat India
  • Permata Bank - Indonesia
  • JPower - Japan
  • APGENCO India
  • Independent Power Producers Association of India
  • Malco - India
  • Coal and Oil Company - UAE
  • Jatenergy - Australia
  • PLN - Indonesia
  • Ministry of Transport, Egypt
  • Inco-Indonesia
  • Goldman Sachs - Singapore
  • Borneo Indobara - Indonesia
  • Africa Commodities Group - South Africa
  • Lafarge - France
  • HSBC - Hong Kong
  • TNPL - India
  • Kumho Petrochemical, South Korea
  • Anglo American - United Kingdom
  • SMC Global Power, Philippines
  • Sindya Power Generating Company Private Ltd
  • Aditya Birla Group - India
  • Tanito Harum - Indonesia
  • CESC Limited - India
  • Japan Coal Energy Center
  • Planning Commission, India
  • Noble Europe Ltd - UK
  • Deloitte Consulting - India
  • Kobe Steel Ltd - Japan
  • Essar Steel Hazira Ltd - India
  • Riau Bara Harum - Indonesia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Petrosea - Indonesia
  • SGS (Thailand) Limited
  • Banpu Public Company Limited - Thailand
  • GHCL Limited - India
  • International Coal Ventures Pvt Ltd - India
  • Mercator Lines Limited - India
  • Sical Logistics Limited - India
  • McConnell Dowell - Australia
  • Inspectorate - India
  • Sojitz Corporation - Japan
  • Wilmar Investment Holdings
  • Intertek Mineral Services - Indonesia
  • Arutmin Indonesia
  • J M Baxi & Co - India
  • Kobexindo Tractors - Indoneisa
  • Xstrata Coal
  • GAC Shipping (India) Pvt Ltd
  • DBS Bank - Singapore
  • IMC Shipping - Singapore
  • White Energy Company Limited
  • Vijayanagar Sugar Pvt Ltd - India
  • Asia Cement - Taiwan
  • Sakthi Sugars Limited - India
  • Tamil Nadu electricity Board
  • Pinang Coal Indonesia
  • IEA Clean Coal Centre - UK
  • PLN Batubara - Indonesia
  • GN Power Mariveles Coal Plant, Philippines
  • The State Trading Corporation of India Ltd
  • Shree Cement - India
  • Central Electricity Authority - India
  • Maruti Cements - India
  • Bukit Makmur.PT - Indonesia
  • The Treasury - Australian Government
  • Indika Energy - Indonesia
  • Britmindo - Indonesia
  • OPG Power Generation Pvt Ltd - India
  • Alfred C Toepfer International GmbH - Germany
  • Vitol - Bahrain
  • Billiton Holdings Pty Ltd - Australia
  • Gujarat Sidhee Cement - India
  • Latin American Coal - Colombia
  • Coeclerici Indonesia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Aboitiz Power Corporation - Philippines
  • Indian Energy Exchange, India
  • CIMB Investment Bank - Malaysia
  • McKinsey & Co - India
  • Pendopo Energi Batubara - Indonesia
  • Shenhua Group - China
  • Eastern Energy - Thailand
  • Peabody Energy - USA
  • World Bank
  • NTPC Limited - India
  • Directorate General of MIneral and Coal - Indonesia
  • Global Green Power PLC Corporation, Philippines
  • PetroVietnam Power Coal Import and Supply Company
  • Indorama - Singapore
  • Baramulti Group, Indonesia
  • Sree Jayajothi Cements Limited - India
  • Bhatia International Limited - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • OCBC - Singapore
  • Kepco SPC Power Corporation, Philippines
  • PowerSource Philippines DevCo
  • Agrawal Coal Company - India
  • TGV SRAAC LIMITED, India
  • Ministry of Finance - Indonesia
  • Sarangani Energy Corporation, Philippines
  • Antam Resourcindo - Indonesia
  • Ministry of Mines - Canada
  • Deutsche Bank - India
  • Jindal Steel & Power Ltd - India
  • Standard Chartered Bank - UAE
  • Trasteel International SA, Italy
  • Cargill India Pvt Ltd
  • Malabar Cements Ltd - India
  • Power Finance Corporation Ltd., India
  • Enel Italy
  • Simpson Spence & Young - Indonesia
  • Samtan Co., Ltd - South Korea
  • Infraline Energy - India
  • India Bulls Power Limited - India
  • Bahari Cakrawala Sebuku - Indonesia
  • Economic Council, Georgia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Miang Besar Coal Terminal - Indonesia
  • Timah Investasi Mineral - Indoneisa
  • Attock Cement Pakistan Limited
  • MEC Coal - Indonesia
  • KOWEPO - South Korea
  • Rio Tinto Coal - Australia
  • Bayan Resources Tbk. - Indonesia
  • Manunggal Multi Energi - Indonesia
  • World Coal - UK
  • Mintek Dendrill Indonesia
  • LBH Netherlands Bv - Netherlands
  • Bukit Baiduri Energy - Indonesia
  • Kaltim Prima Coal - Indonesia
  • Carbofer General Trading SA - India
  • Karaikal Port Pvt Ltd - India
  • WorleyParsons
  • NALCO India
  • Merrill Lynch Bank
  • ING Bank NV - Singapore
  • Arch Coal - USA
  • Tata Chemicals Ltd - India
  • Freeport Indonesia
  • Barclays Capital - USA
  • Meralco Power Generation, Philippines
  • Electricity Generating Authority of Thailand
  • Formosa Plastics Group - Taiwan
  • Vizag Seaport Private Limited - India
  • GVK Power & Infra Limited - India
  • Toyota Tsusho Corporation, Japan
  • Minerals Council of Australia
  • Videocon Industries ltd - India
  • Kapuas Tunggal Persada - Indonesia
  • San Jose City I Power Corp, Philippines
  • Indonesian Coal Mining Association
  • Lanco Infratech Ltd - India
  • Gujarat Electricity Regulatory Commission - India
  • ANZ Bank - Australia
  • Siam City Cement PLC, Thailand
  • Indonesia Power. PT
  • Star Paper Mills Limited - India
  • ICICI Bank Limited - India
  • KPCL - India
  • PetroVietnam
  • Renaissance Capital - South Africa
  • Orica Mining Services - Indonesia
  • Larsen & Toubro Limited - India
  • Indo Tambangraya Megah - Indonesia
  • Gujarat Mineral Development Corp Ltd - India
  • Asmin Koalindo Tuhup - Indonesia
  • Mitra SK Pvt Ltd - India
  • Marubeni Corporation - India
  • Gresik Semen - Indonesia
  • Sucofindo - Indonesia
  • New Zealand Coal & Carbon
  • Cement Manufacturers Association - India
  • Orica Australia Pty. Ltd.
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • IHS Mccloskey Coal Group - USA
  • SRK Consulting
  • Thermax Limited - India
  • Surastha Cement
  • bp singapore
  • The University of Queensland
  • CNBM International Corporation - China
  • Panama Canal Authority
  • Coaltrans Conferences
  • Bukit Asam (Persero) Tbk - Indonesia
  • BNP Paribas - Singapore
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Savvy Resources Ltd - HongKong
  • Reliance Power - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Adani Power Ltd - India
  • Cardiff University - UK
  • Berau Coal - Indonesia
  • SASOL - South Africa
  • Petrochimia International Co. Ltd.- Taiwan
  • KPMG - USA
  • Mercuria Energy - Indonesia
  • SMG Consultants - Indonesia
  • Indian Oil Corporation Limited
  • Wood Mackenzie - Singapore
  • Eastern Coal Council - USA
  • Thriveni
  • MS Steel International - UAE
  • Jaiprakash Power Ventures ltd
  • Energy Development Corp, Philippines
  • Port Waratah Coal Services - Australia
  • Bank of China, Malaysia
  • Runge Indonesia
  • Ambuja Cements Ltd - India
  • Kalimantan Lumbung Energi - Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • CCIC - Indonesia
  • Coastal Gujarat Power Limited - India
  • Commonwealth Bank - Australia
  • Vedanta Resources Plc - India
  • Australian Commodity Traders Exchange
  • Metalloyd Limited - United Kingdom
  • Asian Development Bank
  • Ceylon Electricity Board - Sri Lanka
  • Semirara Mining Corp, Philippines
  • Mechel - Russia
  • Georgia Ports Authority, United States
  • Ernst & Young Pvt. Ltd.
  • Cosco
  • Geoservices-GeoAssay Lab
  • Xindia Steels Limited - India
  • IBC Asia (S) Pte Ltd
  • Bulk Trading Sa - Switzerland
  • Mitsubishi Corporation
  • IOL Indonesia
  • Heidelberg Cement - Germany
  • SUEK AG - Indonesia
  • Altura Mining Limited, Indonesia
  • Salva Resources Pvt Ltd - India
  • Price Waterhouse Coopers - Russia
  • TANGEDCO India
  • Russian Coal LLC
  • Thailand Anthracite
  • ETA - Dubai
  • Meenaskhi Energy Private Limited - India
  • Total Coal South Africa
  • EIA - United States
  • Therma Luzon, Inc, Philippines
  • Krishnapatnam Port Company Ltd. - India
  • Maersk Broker
  • UBS Singapore
  • Maybank - Singapore
  • Rashtriya Ispat Nigam Limited - India