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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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Wednesday, 07 October 09
ADARO SECURES $500 M LOAN
The Jakarta Post reported that, The country's second largest coal producer, PT Adaro Energy announced on Wednesday that it has secured US$500 milli ...
Wednesday, 07 October 09
WORLD'S LEADING COAL-BASED PP PROJECT TO BEGIN TRIAL PRODUCTION NEXT YEAR IN NW CHINA
Xinhua Net reported that, a coal-based polypropylene (PP) production project in northwest China, believed to be the world's largest one, is to ...
Wednesday, 07 October 09
INDIA SAIL TO IMPORT 10-11 MLN T COAL IN FY10 - EXEC
Reuters reported that, Steel Authority of India Ltd plans to import 10-11 million tonnes of coal in the current year to March, below last year's 13 ...
Wednesday, 07 October 09
DOMESTIC SHIPPING FIRMS READY FOR NEW RULES ON COAL, INDUSTRY GROUP SAYS
The Jakarta Globe reported that, The domestic coal-shipping sector is ready for the introduction of shipping regulations requiring all power station ...
Wednesday, 07 October 09
CHINESE BANK MAY PULL OUT OF SUMATRA COAL RAILWAY
The Jakarta Globe reported that, The Export-Import Bank of China may pull out of a $1.28 billion South Sumatra coal-railway project with state-owned ...
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- Cigading International Bulk Terminal - Indonesia
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- Medco Energi Mining Internasional
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- Renaissance Capital - South Africa
- Minerals Council of Australia
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- Eastern Energy - Thailand
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