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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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Thursday, 12 November 09
GANGAVARAM PORT SETS RECORD BY DISCHARGING 80,514 TONNE OF COAL CARGO
Gangavaram Port, the deepest port in the country with water depth of 20 meters, has achieved an unprecedented milestone by discharging 80,514 metric ...
Thursday, 12 November 09
FOREIGN INVESTMENT IN RUSSIAN COAL SECTOR
Reuters reported that, Russia's coal mines, particularly in the Arctic and Far East, are attracting interest from foreign investors as commodity pr ...
Wednesday, 11 November 09
NORTHSTAR TAKES 40 PER CENT OF INDONESIAN MINING COMPANY
AltAssets reported that, PT Northstar Pacific Partners, the Indonesian affiliate of US private equity firm TPG, has taken a 40 per cent stake in Ind ...
Wednesday, 11 November 09
INDONESIAN COAL MINERS SOLD BIG VOLUMES OF 2010 TO CHINA
* China has scooped up large volumes of Indonesian coal
* Total exports to China in 2010 seen to exceed 20 million T
* Chinese, Indian demand may ...
Wednesday, 11 November 09
INDIAN COAL IMPORT FROM SA IN OCTOBER
Reuters reported that India imported 2.4 million tonnes of coal from South Africa's Richards Bay Coal Terminal in October 2009, 35% of the total of ...
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- Wood Mackenzie - Singapore
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- Indonesian Coal Mining Association
- Baramulti Group, Indonesia
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- Posco Energy - South Korea
- Chettinad Cement Corporation Ltd - India
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- GVK Power & Infra Limited - India
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- London Commodity Brokers - England
- Central Electricity Authority - India
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
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- Gujarat Sidhee Cement - India
- ASAPP Information Group - India
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- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
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- Indian Oil Corporation Limited
- Billiton Holdings Pty Ltd - Australia
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- Romanian Commodities Exchange
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- Kartika Selabumi Mining - Indonesia
- Indian Energy Exchange, India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
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- Toyota Tsusho Corporation, Japan
- Indo Tambangraya Megah - Indonesia
- Parliament of New Zealand
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- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Bayan Resources Tbk. - Indonesia
- New Zealand Coal & Carbon
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Merrill Lynch Commodities Europe
- India Bulls Power Limited - India
- GMR Energy Limited - India
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
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- Bhatia International Limited - India
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- Dalmia Cement Bharat India
- Ministry of Finance - Indonesia
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- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
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- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
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- Bukit Asam (Persero) Tbk - Indonesia
- Tamil Nadu electricity Board
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- Bharathi Cement Corporation - India
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- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
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- Ind-Barath Power Infra Limited - India
- Independent Power Producers Association of India
- CNBM International Corporation - China
- Ministry of Transport, Egypt
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
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- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- Kumho Petrochemical, South Korea
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Planning Commission, India
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
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- Chamber of Mines of South Africa
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