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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, 29 October 09
PTC INDIA UNIT CHASES 2.5 MTPA INDONESIAN COAL
Reuters reported that, PTC Energy is in talks with an Indonesian firm to source 2.5 million tonnes per annum (MTPA) coal for its 350-400 MW power to ...
Thursday, 29 October 09
CHINA MAY SEEK THERMAL COAL ELSEWHERE IF AUSTRALIAN EXPORT COSTS RISE, SAYS REPORT
The Australian reported that, CHINA is likely to turn to alternative markets for thermal coal if the cost and availability of Australia's exports a ...
Thursday, 29 October 09
CURRENCIES, ASIA DEMAND TO LIFT EUROPE COAL PRICE
Supportive currency movements and strong Asian demand mean the price of coal delivered into Europe is poised to rise more than 30 percent to above $ ...
Wednesday, 28 October 09
AUSTRALIAN POWER STATION COAL PRICE TOPPED USD 73 A TONNE
Reuters reported that prices of power station coal in Australia, a benchmark for Asia, crept up for the fourth week and topped USD 73 a tonne, as a ...
Wednesday, 28 October 09
MIDDLE EAST COAL EYEING INDIAN POWER PLANTS IN EXCHANGE FOR LONG TERM COAL SUPPLY
Reuters reported that UAE's Middle East Coal is in talks to buy equity stakes in India's power plants in exchange for long term coal supply.
ME ...
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- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- Global Coal Blending Company Limited - Australia
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- Rio Tinto Coal - Australia
- Tamil Nadu electricity Board
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- Singapore Mercantile Exchange
- Asmin Koalindo Tuhup - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- Meralco Power Generation, Philippines
- Bukit Makmur.PT - Indonesia
- Merrill Lynch Commodities Europe
- Kohat Cement Company Ltd. - Pakistan
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- Georgia Ports Authority, United States
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Africa Commodities Group - South Africa
- Parliament of New Zealand
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- Kumho Petrochemical, South Korea
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- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Xindia Steels Limited - India
- Agrawal Coal Company - India
- Indogreen Group - Indonesia
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Australian Commodity Traders Exchange
- CNBM International Corporation - China
- The Treasury - Australian Government
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- ASAPP Information Group - India
- MS Steel International - UAE
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- GMR Energy Limited - India
- Jorong Barutama Greston.PT - Indonesia
- White Energy Company Limited
- Commonwealth Bank - Australia
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- Riau Bara Harum - Indonesia
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Maheswari Brothers Coal Limited - India
- Globalindo Alam Lestari - Indonesia
- SMC Global Power, Philippines
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- Power Finance Corporation Ltd., India
- Indian Energy Exchange, India
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- VISA Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- Romanian Commodities Exchange
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- Planning Commission, India
- Orica Mining Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Global Green Power PLC Corporation, Philippines
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- London Commodity Brokers - England
- Kideco Jaya Agung - Indonesia
- SMG Consultants - Indonesia
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- Dalmia Cement Bharat India
- Kepco SPC Power Corporation, Philippines
- Mercator Lines Limited - India
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Tata Chemicals Ltd - India
- TeaM Sual Corporation - Philippines
- Cement Manufacturers Association - India
- Thiess Contractors Indonesia
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Aditya Birla Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Sojitz Corporation - Japan
- Formosa Plastics Group - Taiwan
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- Parry Sugars Refinery, India
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- San Jose City I Power Corp, Philippines
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