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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, 31 August 10
CIL MAY SET UP POWER PLANT TO UTILIZE EXCESS COAL
The Economic Times reported that, the world's largest coal producer Coal India Ltd (CIL) said it may consider setting up power plants in the countr ...
Tuesday, 31 August 10
NALCO SEEKS STAKES IN INDONESIAN COAL MINES
Economic Times reported that, National Aluminium Co. Ltd said on Tuesday it wants to buy stakes in Indonesian coal mines to secure supplies fo ...
Tuesday, 31 August 10
CAPESIZE RATES ON VOLATILE MOVEMENT
With Monday a holiday for London’s stockmarket (Bank Holiday), the dry bulk market took a breather before presenting ship owners and charterer ...
Monday, 30 August 10
MUNDRA PORT BEGINS OPERATIONS AT NEW TERMINAL IN GUJARAT
Economic Times reported that, Adani group firm Mundra Port has commenced operations at its 20-million tonnes port at Dahej in Gujarat, the company s ...
Monday, 30 August 10
DRY BULK MARKET STABILIZES, ALBEIT AT A FALLING NOTE
The dry bulk market’s leading benchmark, the Baltic Dry Index (BDI) ended the week at 2712 points, a marginal weekly loss of 1.6% or 44 points ...
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- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Semirara Mining and Power Corporation, Philippines
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Africa Commodities Group - South Africa
- Economic Council, Georgia
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Salva Resources Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Attock Cement Pakistan Limited
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- Barasentosa Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Minerals Council of Australia
- Orica Australia Pty. Ltd.
- Orica Mining Services - Indonesia
- ASAPP Information Group - India
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
- PTC India Limited - India
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- Indian Oil Corporation Limited
- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- IEA Clean Coal Centre - UK
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- Karaikal Port Pvt Ltd - India
- VISA Power Limited - India
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Tata Chemicals Ltd - India
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- Mintek Dendrill Indonesia
- Lanco Infratech Ltd - India
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Asmin Koalindo Tuhup - Indonesia
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- Parliament of New Zealand
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Bukit Baiduri Energy - Indonesia
- GMR Energy Limited - India
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- LBH Netherlands Bv - Netherlands
- Kepco SPC Power Corporation, Philippines
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- Siam City Cement - Thailand
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- Carbofer General Trading SA - India
- Agrawal Coal Company - India
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Wilmar Investment Holdings
- Chamber of Mines of South Africa
- The University of Queensland
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Thai Mozambique Logistica
- Planning Commission, India
- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Tamil Nadu electricity Board
- Meralco Power Generation, Philippines
- Essar Steel Hazira Ltd - India
- Kobexindo Tractors - Indoneisa
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- Metalloyd Limited - United Kingdom
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- SN Aboitiz Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- Jaiprakash Power Ventures ltd
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- TeaM Sual Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- Georgia Ports Authority, United States
- Aditya Birla Group - India
- Coastal Gujarat Power Limited - India
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Latin American Coal - Colombia
- Petron Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- London Commodity Brokers - England
- South Luzon Thermal Energy Corporation
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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