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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, 14 July 09
NEWCASTLE WEEKLY COAL EXPORTS RISE 11%; SHIP QUEUE DECREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, gained 11 ...
Monday, 13 July 09
EXPORT COAL PRODUCTION FROM MOOIPLAATS COULD START IN NOVEMBER
Mining Weekly reported that, South Africa-focused emerging miner Coal of Africa (CoAL) has completed a revised mining layout for its Mooiplaats ...
Monday, 13 July 09
NAPOCOR AWARDS 195,000 T COAL TO INDONESIAN FIRMS
ABC-CBN News reported that, Philippine electricity producer National Power Corp (Napocor) has awarded 195,000 tons in coal supply contracts to two I ...
Monday, 13 July 09
PAKISTAN TO IMPORT ABOUT 2.4 MILLION TONS OF INDONESIAN COAL AND 1.6 MILLION TON OF SOUTH AFRICAN COAL WITHIN NEXT 12 MONTHS
COALspot.com (Pakistan) : Pakistan has exported well over 12 million tons of cement while local sales have dropped a bit with the result 33 million to ...
Monday, 13 July 09
COAL SECTOR IN VIETNAM INCREASE THE TARGET 43 MILLION TONNES THIS YEAR
Asian Mining Stock reported that, there was a change in a very good Coal Mining Industries Group (TKV) that Vietnam has decided to increase coa ...
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- Coalindo Energy - Indonesia
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
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- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
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- Kaltim Prima Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Standard Chartered Bank - UAE
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Parliament of New Zealand
- Mjunction Services Limited - India
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- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Cement Manufacturers Association - India
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- Aboitiz Power Corporation - Philippines
- Ambuja Cements Ltd - India
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- Central Electricity Authority - India
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- Marubeni Corporation - India
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- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
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- Salva Resources Pvt Ltd - India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Singapore Mercantile Exchange
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- Karbindo Abesyapradhi - Indoneisa
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- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Australian Coal Association
- India Bulls Power Limited - India
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- Xindia Steels Limited - India
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- Videocon Industries ltd - India
- The Treasury - Australian Government
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
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- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- Directorate Of Revenue Intelligence - India
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Sindya Power Generating Company Private Ltd
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
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- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- PTC India Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
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- Global Green Power PLC Corporation, Philippines
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- Energy Link Ltd, New Zealand
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- Planning Commission, India
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- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
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- Heidelberg Cement - Germany
- Madhucon Powers Ltd - India
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Indonesian Coal Mining Association
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- Indian Oil Corporation Limited
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- Toyota Tsusho Corporation, Japan
- Global Business Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Australian Commodity Traders Exchange
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- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
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- Kumho Petrochemical, South Korea
- Sarangani Energy Corporation, Philippines
- Electricity Authority, New Zealand
- Agrawal Coal Company - India
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- The State Trading Corporation of India Ltd
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- VISA Power Limited - India
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- Power Finance Corporation Ltd., India
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- Maharashtra Electricity Regulatory Commission - India
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- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- PowerSource Philippines DevCo
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- Romanian Commodities Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
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