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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-$72 (Bt2,378-Bt2,411) per tonne, he said.
Banpu targets revenue of Bt57 billion this year, a slight increase on Bt56.83 billion in 2008. In the first half of this year, it generated revenue of Bt33.07 billion. Profit rose to Bt8.78 billion, slightly less than the profit for the whole of 2008, at Bt9.23 billion.
"We performed well in the first half thanks to the rising coal price. Despite the downward trend of the coal price in the second half, we are confident that our performance this year will be better than last year, and that we will hit our revenue target of Bt57 billion if the baht doesn't fluctuate too much," he said.
The coal price is expected to rise in the fourth quarter thanks to the global economic recovery and higher demand in winter.
Chanin added that robust economic growth in China and India would be a main factor pulling up global coal consumption in the coming year.
On a possible move by Banpu to diversify into the alternative energy business, including ethanol production and wind energy, Chanin said no final decision had yet been made because of the complicated issues of technology and environmental regulations.
"Over the next five years, we will focus on our coal operation, which is our core business. However, we see alternative energy as investment choices that would support sustainable development," he added.
Source: The Nation
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Saturday, 10 October 09
PT BUMI RESOURCES TO EXPECT 2010 ELECTRIC AND COAL PRICE UP TO US$ 100/T
Indonesia coal producer, PT Bumi Resources recently stated that the revival of the global economy pushes up the demand from power plants and steel m ...
Friday, 09 October 09
INDIKA IN TALKS TO SELL 4M TONS OF COAL, EYEING BP ASSETS
The Jakarta Post reported that, Energy company PT Indika Energy is in talks with Indian buyers to sell 4 million tons of coal next year, one of its ...
Friday, 09 October 09
BULK-SHIPPING LINES MUST CANCEL 50% OF NEW ORDERS, PLATOU SAYS
Bloomberg reported that, Bulk-shipping lines need to cancel half of the new vessels they have on order to ease a capacity glut and revive freight ra ...
Friday, 09 October 09
THE BALTIC DRY INDEX WOKE UP: DRY BULK MARKET ON THE RISE
Hellenic Shipping News reported that, In what could prove the beginning of a new and sustainable rally for the dry bulk market, the BDI (Baltic Dry ...
Friday, 09 October 09
STRAITS ASIA INDONESIAN MINE COAL LOADER COLLAPSES
* New coal loading facility collapsed due to heavy rain
* Older coal loading facility seem unaffected so far
* UBS may cut valuation if disruption ...
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- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
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- Directorate General of MIneral and Coal - Indonesia
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- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- Parliament of New Zealand
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- Electricity Generating Authority of Thailand
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- IEA Clean Coal Centre - UK
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- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- Kalimantan Lumbung Energi - Indonesia
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- TeaM Sual Corporation - Philippines
- PowerSource Philippines DevCo
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- PTC India Limited - India
- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- Commonwealth Bank - Australia
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- Gujarat Mineral Development Corp Ltd - India
- SMG Consultants - Indonesia
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- Gujarat Electricity Regulatory Commission - India
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- Binh Thuan Hamico - Vietnam
- Iligan Light & Power Inc, Philippines
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- Romanian Commodities Exchange
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
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- Billiton Holdings Pty Ltd - Australia
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- Economic Council, Georgia
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- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Kapuas Tunggal Persada - Indonesia
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- Thiess Contractors Indonesia
- MS Steel International - UAE
- Energy Link Ltd, New Zealand
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- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
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- Minerals Council of Australia
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- Malabar Cements Ltd - India
- Interocean Group of Companies - India
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- Mintek Dendrill Indonesia
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- Bukit Makmur.PT - Indonesia
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- The Treasury - Australian Government
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- Indian Oil Corporation Limited
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- Singapore Mercantile Exchange
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- Mercuria Energy - Indonesia
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- Semirara Mining and Power Corporation, Philippines
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- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- Sakthi Sugars Limited - India
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
- Bhatia International Limited - India
- Goldman Sachs - Singapore
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