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Monday, 05 October 09
BANPU EYES INCREASE IN COAL OUTPUT
The Nation reported that, Banpu plans to boost its coal output to 23 million tonnes next year once production begins at the East Block of its Indominco mine and the Gaohe mine in China
"We plan to boost our production by 12 to 15 per cent from our target of 20.5 million tonnes for this year in a bid to serve increasing demand once the global economy picks up," said chief executive officer Chanin Vongkusolkit.
The Gaohe mine, in which Banpu holds 45 per cent, is expected to start operation in the second half of 2010 with a target production of 1 million tonnes. The mine will have full production capacity of 6 million tonnes by 2013.
The company expects to maintain coal sales at 20.5 million tonnes this year even though it only sold 8.6 million tonnes in the first six months.
Its average coal price in 2009 would be around US$71-$72 (Bt2,378-Bt2,411) per tonne, he said.
Banpu targets revenue of Bt57 billion this year, a slight increase on Bt56.83 billion in 2008. In the first half of this year, it generated revenue of Bt33.07 billion. Profit rose to Bt8.78 billion, slightly less than the profit for the whole of 2008, at Bt9.23 billion.
"We performed well in the first half thanks to the rising coal price. Despite the downward trend of the coal price in the second half, we are confident that our performance this year will be better than last year, and that we will hit our revenue target of Bt57 billion if the baht doesn't fluctuate too much," he said.
The coal price is expected to rise in the fourth quarter thanks to the global economic recovery and higher demand in winter.
Chanin added that robust economic growth in China and India would be a main factor pulling up global coal consumption in the coming year.
On a possible move by Banpu to diversify into the alternative energy business, including ethanol production and wind energy, Chanin said no final decision had yet been made because of the complicated issues of technology and environmental regulations.
"Over the next five years, we will focus on our coal operation, which is our core business. However, we see alternative energy as investment choices that would support sustainable development," he added.
Source: The Nation
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Thursday, 15 October 09
SOUTH AFRICAN MINING COMPANY ACCEPTED $92 MILLION BID FOR COAL MINE STAKE IN SIYANDA COAL
Paguntaka reported that, Sentula Mining Ltd. gained in Johannesburg trading after the South African company accepted a 686 million-rand ($92 million ...
Thursday, 15 October 09
GOVT TO CAP COAL EXPORTS AT 150 MILLION TONS A YEAR
The Jakarta Post reported that, The government plans to cap coal exports at around 150 million tons a year in a bid to guarantee supply for domestic ...
Thursday, 15 October 09
AUSTRALIAN MINING COMPANIES REPORTED FINDING 1.5 BILLION COAL MINE DEPOSIT IN MOZAMBIQUE
Paguntaka reported that, Mozambique is a country that has the potential mining areas are very rich. Many mining companies who want to invest in the ...
Wednesday, 14 October 09
INDONESIA POWER FIRM SIGNS LOAN AGREEMENTS FOR OVER $1 BLN
Reuters reported that, Indonesia's state electricity firm PT Perusahaan Listrik Negara (PLN) has raised more than $1 billion from a group of banks ...
Wednesday, 14 October 09
LARSEN & TOUBRO MAY ENTER POWER GENERATION BUSINESS IN INDIA
Bloomberg reported that, Larsen & Toubro Ltd., India’s biggest engineering company, said it is considering entering the power generation b ...
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- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Coastal Gujarat Power Limited - India
- Bharathi Cement Corporation - India
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- Goldman Sachs - Singapore
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- Karbindo Abesyapradhi - Indoneisa
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- Wilmar Investment Holdings
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- Australian Coal Association
- CNBM International Corporation - China
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- Indonesian Coal Mining Association
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- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
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- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- White Energy Company Limited
- Energy Link Ltd, New Zealand
- GMR Energy Limited - India
- The University of Queensland
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- Mercuria Energy - Indonesia
- Commonwealth Bank - Australia
- Jaiprakash Power Ventures ltd
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- Bhushan Steel Limited - India
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
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- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
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- Larsen & Toubro Limited - India
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- Maharashtra Electricity Regulatory Commission - India
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- Semirara Mining Corp, Philippines
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- Attock Cement Pakistan Limited
- Planning Commission, India
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- European Bulk Services B.V. - Netherlands
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Kobexindo Tractors - Indoneisa
- Interocean Group of Companies - India
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- Pendopo Energi Batubara - Indonesia
- Directorate Of Revenue Intelligence - India
- The State Trading Corporation of India Ltd
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- Oldendorff Carriers - Singapore
- Siam City Cement - Thailand
- Rashtriya Ispat Nigam Limited - India
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
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- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
- Minerals Council of Australia
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- Indo Tambangraya Megah - Indonesia
- Antam Resourcindo - Indonesia
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
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- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- Tamil Nadu electricity Board
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- Australian Commodity Traders Exchange
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
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- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- Heidelberg Cement - Germany
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
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- PTC India Limited - India
- Binh Thuan Hamico - Vietnam
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- Bulk Trading Sa - Switzerland
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- Mercator Lines Limited - India
- Savvy Resources Ltd - HongKong
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- Leighton Contractors Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Chettinad Cement Corporation Ltd - India
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- The Treasury - Australian Government
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- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
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- Ministry of Finance - Indonesia
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- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- Global Coal Blending Company Limited - Australia
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- Maheswari Brothers Coal Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Sree Jayajothi Cements Limited - India
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- Independent Power Producers Association of India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Sindya Power Generating Company Private Ltd
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