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Thursday, 12 November 09
BANPU TO INVEST US$ 466 M
 Plan targets 33.5m tonnes of coal per year
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is planning capital investments of more than $466 million over the next six years.
The investment will lift the company's coal production to 33.5 million tonnes per year by 2015, from its target of 23 million tonnes next year.
Only marginal revenue growth is predicted over the next year despite a forecast production increase of 12% from the current 20.5 million tonnes, chief executive Chanin Vongkusolkit said yesterday.
Of the total investments planned for 2010-15, about $190 million will be spent on expanding Indonesian-based coal mines; $22 million will be used to lift output in China; and $255 million to complete the $400-million Hongsa Lignite thermal power project in Laos.
The six-year capital expenditure will only be spent on existing projects. Additional investments could be made as the company is exploring new coal mining opportunities in Indonesia, Australia and China, Mr Chanin said.
"Our new investments will pretty much concentrate on the coal business which we expect to have healthy demand growth over the next 10 to 20 years," he said. "At the same time, Banpu will reduce our profile in the power business focusing only on projects that ... support our coal operations."
The company is considering bank loans and bond issues to finance the investments.
Its debt-to-equity ratio ceiling is projected at 1:1, meaning that Banpu has room to borrow about 40 billion baht on top of its existing liability of approximately 10 billion baht, he said.
Banpu is currently involved in a bid to acquire Indonesia's Berau coal mine, which has an annual production capacity of 15 million tonnes.
While its third-quarter financial results beat market expectations, Mr Chanin said Banpu's performance would weaken in the fourth quarter due to lower coal prices and maintenance closures at the BLCP power plant, in which Banpu holds an equal stake with Electricity Generating Plc (Egco).
The coal miner reported a third-quarter increase in net profit of 22% year-on-year to 3.8 billion baht - beating the market consensus of 3.1 billion - as revenue slid 3% on falling coal prices.
Nine-month earnings jumped to 12.58 billion baht from 7.48 billion baht a year earlier on revenue of 40.43 billion, an increase of 18.7%.
"Overall performance this year is better than our projection even though we anticipate both revenue and profit to weaken in the last quarter," Mr Chanin said.
Banpu has set a final-quarter delivery target of 6.6 million tonnes of coal, generating revenue of 16 billion baht. Turnover in 2009 is forecast at 57 billion baht, an increase of 14% over last year.
Despite expected weaker fourth-quarter results, UOB Kay Hian Securities upgraded Banpu's 2009 earnings estimates by 7% to 14.38 billion baht, compared with 9.23 billion last year, citing higher production and better-than-expected year-to-date results.
Shares of Banpu closed yesterday on the Stock Exchange of Thailand at 462 baht, up 14 baht, in trade worth 1.9 billion baht.
Source: Bangkok Post
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Friday, 27 November 09
BHP SEEKS VARIABLE COKING COAL PRICE IN JAPAN, NIKKEI SAYS
Bloomberg reproted that, BHP Billiton Ltd. has asked Japanese steelmakers to move to pricing of coking coal linked to spot rates rather than negotia ...
Friday, 27 November 09
EXXARO SEES HIGH COAL DEMAND RAISING PRICES
Reuters reported that, South African diversified miner Exxaro Resources said on Thursday it expected coal prices to rise to between $70 and $75 per ...
Friday, 27 November 09
CENTENNIAL SAYS ENERGY-COAL PRICE TO RISE AS CHINA SEEKS FUEL
Bloomberg reported that, Centennial Coal Co., an Australian producer of the fuel, said contract prices are expected to rise in 2010, with Chinese co ...
Friday, 27 November 09
IN FIRST-10-MONTH OF 2009 COAL IMPORTS IN GUANGXI-FANGCHENG EXCEEDED FULL-2008 IMPORTS
According to Customs statistics, during the January-October, Fangcheng port accumulatively imported 3.676mln tons valuing U.S.$370, rising by 53.8% ...
Thursday, 26 November 09
CHINA'S COAL IMPORTS TO RISE BY 170 PERCENT IN 2009
According to the statistics released by China's General Administration of Customs on November 23, China's coal imports for October totaled 11.1 mi ...
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- GN Power Mariveles Coal Plant, Philippines
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- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
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- Agrawal Coal Company - India
- GMR Energy Limited - India
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- Australian Coal Association
- ASAPP Information Group - India
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- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
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- Star Paper Mills Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Thai Mozambique Logistica
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- Bhoruka Overseas - Indonesia
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- The State Trading Corporation of India Ltd
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- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- Marubeni Corporation - India
- Pendopo Energi Batubara - Indonesia
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- Trasteel International SA, Italy
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
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- Malabar Cements Ltd - India
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- Bayan Resources Tbk. - Indonesia
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- Dalmia Cement Bharat India
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- Wilmar Investment Holdings
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- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
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- PowerSource Philippines DevCo
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Siam City Cement - Thailand
- Eastern Coal Council - USA
- Mjunction Services Limited - India
- India Bulls Power Limited - India
- Savvy Resources Ltd - HongKong
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- Heidelberg Cement - Germany
- Sakthi Sugars Limited - India
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
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- Kideco Jaya Agung - Indonesia
- Coastal Gujarat Power Limited - India
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- Edison Trading Spa - Italy
- Independent Power Producers Association of India
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- MS Steel International - UAE
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- Makarim & Taira - Indonesia
- Mercator Lines Limited - India
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- VISA Power Limited - India
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- CNBM International Corporation - China
- Ceylon Electricity Board - Sri Lanka
- South Luzon Thermal Energy Corporation
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Ministry of Transport, Egypt
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- Orica Mining Services - Indonesia
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GAC Shipping (India) Pvt Ltd
- San Jose City I Power Corp, Philippines
- Lanco Infratech Ltd - India
- International Coal Ventures Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Java Power - Indonesia
- Bulk Trading Sa - Switzerland
- Metalloyd Limited - United Kingdom
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Indika Energy - Indonesia
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- New Zealand Coal & Carbon
- Merrill Lynch Commodities Europe
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- Planning Commission, India
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- Jorong Barutama Greston.PT - Indonesia
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- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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