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Thursday, 04 June 09
PTT: RESTRUCTURING BUSINESS, DIVERSIFYING INTO COAL - EASYBOURSE
Thailand's largest energy conglomerate, PTT PCL (PTT.TH), will diversify into coal as part of its business restructuring, Senior Executive Vice President Tevin Vongvanich said Thursday.
"We regularly restructure our businesses in a move to improve our competitiveness and to suit the current situation. This is also our plan for the future, which will include more investments overseas," said Tevin. Its new structure will focus on coal, oil and natural gas.
PTT targets to triple the size of its coal business in the next 10 years and is looking to invest in the coal business in Australia and Indonesia, said Tevin, who oversees corporate strategy and development. PTT posted a full-year net profit of THB51.70 billion last year on sales of THB2 trillion.
Its coal business will range from coal-to-gas and coal-to-liquid to power generation from coal-fired power plants, he added.
Earlier this year, its unit PTT International Co acquired a 60% stake in Straits Bulk & Industrial Ltd., which owns coal mines in Indonesia.
Tevin said PTT's natural gas business will continue to cover both upstream and downstream activities, involving investments in the petrochemical business.
PTT is also considering investing in the retail oil business in Southeast Asian countries, he added.
source:http://www.easybourse.com/bourse-actualite/gold-fields/ptt-restructuring-business-diversifying-into-coal-ZAE000018123-678796
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Tuesday, 21 July 09
NEWCASTLE COAL EXPORTS FALL 5%, SHIP QUEUE INCREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, fell 5 per ...
Tuesday, 21 July 09
FIRST QUARTER COAL MARKET AND EURACOAL'S OUTLOOK FOR THE FUTURE
Euracoal reports that for the first time in many years, the world market for hard coal fell by some 8 % during the first quarter 2009. This latest E ...
Monday, 20 July 09
CHINAS COAL DEMAND, OUTPUT TO PICK UP IN H2 - GROUP 2
Financial24 reported that, China's coal demand is expected to gradually pick up in the second half of the year, and coal output will likely grow fa ...
Monday, 20 July 09
ADANI POWER LAUNCHES IPO, AIMS HIGHER CAPACITY
Economic Times reported that, Adani Power Ltd, a power project development company, promoted by Adani Enterprise went for an initial public offering ...
Monday, 20 July 09
BANPU'S SECOND-HALF PROFIT MAY DROP ON COAL PRICES
Bloomberg Reported that, Banpu Pcl, Thailand’s biggest coal producer, expects profit to decline in the second half from the first six months a ...
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- Alfred C Toepfer International GmbH - Germany
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- Ministry of Mines - Canada
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- Vedanta Resources Plc - India
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- Sindya Power Generating Company Private Ltd
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- Central Electricity Authority - India
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- GVK Power & Infra Limited - India
- Medco Energi Mining Internasional
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- Larsen & Toubro Limited - India
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- Sojitz Corporation - Japan
- Economic Council, Georgia
- Eastern Coal Council - USA
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- Electricity Generating Authority of Thailand
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Parliament of New Zealand
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- Heidelberg Cement - Germany
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- Altura Mining Limited, Indonesia
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- Goldman Sachs - Singapore
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- Africa Commodities Group - South Africa
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- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
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- The State Trading Corporation of India Ltd
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- Chamber of Mines of South Africa
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- Leighton Contractors Pty Ltd - Australia
- PTC India Limited - India
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- Tamil Nadu electricity Board
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- Edison Trading Spa - Italy
- Latin American Coal - Colombia
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- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Gujarat Mineral Development Corp Ltd - India
- European Bulk Services B.V. - Netherlands
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