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Friday, 14 August 09
ASIA GREEN TO SELL MORE COAL
 I Stock Analyst reported that, Asia Green Energy Plc (AGE) aims to increase its coal sales by 20 percent to 1 million tonnes this year, given the global economic rebound and a price gap that could encourage industrial operators to switch from fuel oil to coal for energy, said assistant managing director Somyos Thitisuriyarux.
But the SET-listed coal importer and distributor said yesterday that in the worst case its turnover could slip by 10 percent this year from 2.35 billion baht in 2008, with net profit sliding in line with coal prices down from 123 million baht last year.
In the first six months of 2009, AGE's revenue increased 15 percent year-on-year to one billion baht as coal from Indonesian mines rose 14.6 percent by volume to 414,072 tonnes. But net profit sank from 68 million baht to 39 million as the margin shrank 8 percent year-on-year.
Coal prices have stabilised between US$60 and $70 per tonne since the past quarter, or 2,600 baht as quoted locally, while crude has risen steadily to $70, said Mr Somyos. With fuel oil now at 13-14 baht a litre, it is 40 percent more expensive than coal, he said.
"Last year, 7 percent of 30,000 boilers at industrial plants nationwide were modified from fuel oil to coal to save about 30 percent. As the gap has widened, we expect more and more industrialists to switch to coal this year," he said.
AGE's customers are up to 520 from 500 at the end of last year, with the energy sector climbing to contribute 24 percent of sales volume, while food provides 29 percent, textiles 23 percent and paper 14 percent.
"We have remained on track to boost sales from 840,000 tonnes in 2008 to 1 million tonnes this year. Many sectors, including energy, have placed more orders but several were made for restocking," said Mr Somyos.
Although the global economic picture in the second half is unclear, without unexpected incidents the economy could steadily improve both locally and globally.
But AGE's sales revenue for 2009 will not be as good as projected earlier, when 20 percent growth was considered possible, he said. Coal prices are expected to stay between 2,500 and 2,800 baht this year, compared with 2,800 to 3,200 baht last year, due to the sluggish world economy in the first half.
"After getting the financial results of the first half, we are now anticipating that revenue could vary by 10 percent plus or minus from the 2008 figure," said Mr Somyos.
Next month, AGE will start operating its fourth warehouse in Si Racha in Chon Buri, with storage capacity of 10,000 tonnes of coal. The new facility will contribute to revenue from the fourth quarter onward. Currently, 14 percent of its customers are in the eastern region, he said.
Shares of AGE closed yesterday at 6.30 baht, unchanged, in trade worth 1.72 million baht.
Source:I Stock Analyst
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Tuesday, 11 August 09
ZAMBIAN COAL BUYERS CONTINUE IMPORTING COAL FROM ZIMBABWE
Lusaka Times reported that, Coal mining companies have bemoaned the lack of market for their produce as prospective buyers continue importing the co ...
Monday, 10 August 09
NOMINAL HIKE IN COAL PRICES SOON - MEDIA
The hindu business reported that, a marginal hike in coal prices is in the offing. "I will be soon approaching the Prime Minister on the matter ...
Monday, 10 August 09
MANGALAM CEMENT PLACES ORDER FOR CAPTIVE POWER PLANT
Steel Guru reported that, Mangalam Cement Ltd has announced that the company on August 6th 2009 finalized order for Captive Thermal Power Plant of 1 ...
Monday, 10 August 09
VIET NAM COAL EXPORTS HIT 13.5 MILLION TONNES
VietNamNet Bridge reported that, Viet Nam exported more than 13.5 million tonnes of coal in the first seven months of this year, equal to the same p ...
Monday, 10 August 09
S.KOREA KOSPO ISSUES SPOT, TERM COAL TENDERS
Korea Southern Power Co Ltd (KOSPO) is seeking 1.5 million tonnes of steam coal per year for delivery from October 2009 through September 2012 via a ...
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- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- Wilmar Investment Holdings
- Rio Tinto Coal - Australia
- Baramulti Group, Indonesia
- Planning Commission, India
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- Grasim Industreis Ltd - India
- GMR Energy Limited - India
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- International Coal Ventures Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Essar Steel Hazira Ltd - India
- Electricity Generating Authority of Thailand
- Coalindo Energy - Indonesia
- Carbofer General Trading SA - India
- Africa Commodities Group - South Africa
- Vizag Seaport Private Limited - India
- Romanian Commodities Exchange
- Georgia Ports Authority, United States
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Bhushan Steel Limited - India
- Australian Coal Association
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
- ICICI Bank Limited - India
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- Globalindo Alam Lestari - Indonesia
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
- Chettinad Cement Corporation Ltd - India
- Siam City Cement PLC, Thailand
- Kartika Selabumi Mining - Indonesia
- Borneo Indobara - Indonesia
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- Iligan Light & Power Inc, Philippines
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bayan Resources Tbk. - Indonesia
- Interocean Group of Companies - India
- Simpson Spence & Young - Indonesia
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- Madhucon Powers Ltd - India
- Therma Luzon, Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- Posco Energy - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- European Bulk Services B.V. - Netherlands
- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- IEA Clean Coal Centre - UK
- Central Electricity Authority - India
- Meenaskhi Energy Private Limited - India
- PTC India Limited - India
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- Goldman Sachs - Singapore
- Antam Resourcindo - Indonesia
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
- Uttam Galva Steels Limited - India
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- Coastal Gujarat Power Limited - India
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- Eastern Coal Council - USA
- VISA Power Limited - India
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- Minerals Council of Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Transport, Egypt
- CNBM International Corporation - China
- The State Trading Corporation of India Ltd
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Sinarmas Energy and Mining - Indonesia
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