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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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Tuesday, 14 September 10
MID HIGH TEENS FROM WCI, AND HIGH TEENS FROM ECI TO CHINA - BRS
A fairly flat market for the dry bulk segments this week, although the Panamaxes jumped on the back of strong grain exports in the Atlantic. It ...
Tuesday, 14 September 10
HIGH CHARTERING ACTIVITY NEEDS TO KEEP UP FOR DRY BULK RATES TO REMAIN HIGH
Last week’s increase of spot chartering activity pushed dry bulk freight rates to new highs, after a less than lackluster summer. As a result, ...
Monday, 13 September 10
GLENCORE BUYS STAKE IN MINER BUMI
The Jakarta globe reported that, Switzerland-based Glencore International, the world’s largest commodities trader, has quietly acquired a $200 ...
Monday, 13 September 10
IT'S JAI INDONESIA FOR OUR POWER FIRMS
Indian power producers have been compelled to look abroad for fuel to run upcoming facilities, as domestic generation is unlikely to be able to meet ...
Monday, 13 September 10
CIL IN TALKS WITH SHIPPING CORP TO FORM JV FOR COAL IMPORTS
Shipping Corporation of India, the largest domestic shipping liner, may form a joint venture with Coal India for coal imports, a top company officia ...
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- Parry Sugars Refinery, India
- Global Coal Blending Company Limited - Australia
- Mjunction Services Limited - India
- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
- Larsen & Toubro Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- Mercator Lines Limited - India
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- Kaltim Prima Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Chamber of Mines of South Africa
- Independent Power Producers Association of India
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Barasentosa Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Sical Logistics Limited - India
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- OPG Power Generation Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Australian Coal Association
- Coastal Gujarat Power Limited - India
- Mintek Dendrill Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- Banpu Public Company Limited - Thailand
- Indo Tambangraya Megah - Indonesia
- SN Aboitiz Power Inc, Philippines
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- Toyota Tsusho Corporation, Japan
- Star Paper Mills Limited - India
- Posco Energy - South Korea
- Borneo Indobara - Indonesia
- Standard Chartered Bank - UAE
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Bhatia International Limited - India
- Thai Mozambique Logistica
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Pipit Mutiara Jaya. PT, Indonesia
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement - Thailand
- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- Romanian Commodities Exchange
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Bharathi Cement Corporation - India
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Port Waratah Coal Services - Australia
- AsiaOL BioFuels Corp., Philippines
- Attock Cement Pakistan Limited
- Riau Bara Harum - Indonesia
- Kepco SPC Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Dalmia Cement Bharat India
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Power Finance Corporation Ltd., India
- Economic Council, Georgia
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Jindal Steel & Power Ltd - India
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Electricity Authority, New Zealand
- Carbofer General Trading SA - India
- Xindia Steels Limited - India
- Renaissance Capital - South Africa
- Global Business Power Corporation, Philippines
- Mercuria Energy - Indonesia
- White Energy Company Limited
- Videocon Industries ltd - India
- Sakthi Sugars Limited - India
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Interocean Group of Companies - India
- TNB Fuel Sdn Bhd - Malaysia
- ASAPP Information Group - India
- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- GMR Energy Limited - India
- Australian Commodity Traders Exchange
- The University of Queensland
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