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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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Wednesday, 11 November 09
INDONESIA ASKS DOMESTIC COAL FIRMS TO SET ASIDE 30PCT OF OUTPUT
Indonesian government said that it had asked domestic coal producers to set aside 30% of their output next year to meet demand from new coal fired p ...
Wednesday, 11 November 09
MINING ACQUISITIONS BECOMING MORE STRATEGIC - E&Y
Mining Weekly reported that, Although miners around the world are looking to position themselves for growth, companies are being more selective when ...
Tuesday, 10 November 09
THAI COAL MINER BANPU Q3 NET UP, BEATS FORECAST
Reuters reported that, Thailand's top coal miner, Banpu, said on Tuesday its third-quarter net earnings rose a higher-than-expected 22 percent, hel ...
Monday, 09 November 09
NAPOCOR DEFERS 50,000 T COAL TENDER
Top Philippine electricity producer National Power Corp. (Napocor) has indefinitely postponed a tender for supply of 50,000 tons of steam coal sched ...
Monday, 09 November 09
SAM'S SEAFOOD HOLDINGS SET TO COMMENCE DRILLING AT INDONESIAN COAL PROJECT
Proactive Investors reported that, Sam's Seafood Holdings is preparing to kick off diamond drilling at the company's Indonesian coal project after ...
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- Pipit Mutiara Jaya. PT, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- ICICI Bank Limited - India
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Binh Thuan Hamico - Vietnam
- Semirara Mining Corp, Philippines
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Anglo American - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Merrill Lynch Commodities Europe
- Banpu Public Company Limited - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Wilmar Investment Holdings
- Kartika Selabumi Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- PNOC Exploration Corporation - Philippines
- Trasteel International SA, Italy
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Orica Australia Pty. Ltd.
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- Singapore Mercantile Exchange
- Tata Chemicals Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- McConnell Dowell - Australia
- White Energy Company Limited
- Grasim Industreis Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Kideco Jaya Agung - Indonesia
- Makarim & Taira - Indonesia
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- Larsen & Toubro Limited - India
- Deloitte Consulting - India
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Standard Chartered Bank - UAE
- TeaM Sual Corporation - Philippines
- Vizag Seaport Private Limited - India
- Interocean Group of Companies - India
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Pendopo Energi Batubara - Indonesia
- Iligan Light & Power Inc, Philippines
- Madhucon Powers Ltd - India
- Ministry of Mines - Canada
- Eastern Energy - Thailand
- Posco Energy - South Korea
- Global Business Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- South Luzon Thermal Energy Corporation
- IHS Mccloskey Coal Group - USA
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
- Directorate General of MIneral and Coal - Indonesia
- Borneo Indobara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- Mercator Lines Limited - India
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Africa Commodities Group - South Africa
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- Parliament of New Zealand
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sical Logistics Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Electricity Generating Authority of Thailand
- Chettinad Cement Corporation Ltd - India
- Antam Resourcindo - Indonesia
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- OPG Power Generation Pvt Ltd - India
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- India Bulls Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
- Central Electricity Authority - India
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bhushan Steel Limited - India
- Bukit Baiduri Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- Dalmia Cement Bharat India
- SN Aboitiz Power Inc, Philippines
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
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