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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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Thursday, 09 September 10
DRY BULK MARKET IS LOOKING TO INCREASE GAINS ON OCTOBER IRON ORE CONTRACTS
The “success” story that the dry bulk market has been displaying during the past couple of weeks is being materialized as we head toward ...
Tuesday, 07 September 10
INDIA IMPORTS 1.63 MLN T OF COAL FOR THE PERIOD 30 AUGUST - 5 SEPTEMBER - SOURCES
COALspot.com: India has imported 1.07 million tons of power plant coal, 0.520 mln tons of coking coal and around 41,000 mt of Anthracite coal for th ...
Tuesday, 07 September 10
GOVERNMENT DECLARED INDONESIAN COAL PRICE REFERENCE DECLINE FOR THIRD-STRAIGHT MONTH
COALspot.com: Indonesian thermal coal price reference, a monthly benchmark price declared by Ministry of Energy and mineral resources of Repub ...
Tuesday, 07 September 10
MERCATOR TO BUY COAL MINE IN INDONESIA THIS FISCAL
Mercator Lines, India’s second-largest shipping company which has diversified into coal mining, will buy a coal mine in Indonesia with more th ...
Monday, 06 September 10
DRY BULK MARKET GAINS 6.05% ON WEEK, BOOSTED BY CAPESIZE VESSELS
The dry bulk market is looking to capitalize last week’s gains of more than 6 percent in this week, as the capesize segment seems to be on a h ...
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- The University of Queensland
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- Orica Australia Pty. Ltd.
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- Coalindo Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Eastern Energy - Thailand
- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- Australian Coal Association
- Mjunction Services Limited - India
- Kumho Petrochemical, South Korea
- Bhatia International Limited - India
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- Global Business Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Interocean Group of Companies - India
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- Borneo Indobara - Indonesia
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- Wood Mackenzie - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- Central Java Power - Indonesia
- Xindia Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Tata Chemicals Ltd - India
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- MS Steel International - UAE
- Indo Tambangraya Megah - Indonesia
- Riau Bara Harum - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- Independent Power Producers Association of India
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Planning Commission, India
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Banpu Public Company Limited - Thailand
- IEA Clean Coal Centre - UK
- Antam Resourcindo - Indonesia
- Energy Development Corp, Philippines
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- India Bulls Power Limited - India
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- Deloitte Consulting - India
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- Gujarat Mineral Development Corp Ltd - India
- Therma Luzon, Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- Economic Council, Georgia
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Agrawal Coal Company - India
- Pipit Mutiara Jaya. PT, Indonesia
- Indonesian Coal Mining Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Manunggal Multi Energi - Indonesia
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- Posco Energy - South Korea
- Price Waterhouse Coopers - Russia
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