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Thursday, 04 February 10
PTT EYES OVERSEAS COAL
 Revenue could reachUS$600 million a year
PTT Plc, Thailand's largest energy company, aims to raise the annual revenue from its overseas coal business to US$500-600 million by 2014.
Prospects for local business growth have dimmed due to environmental concerns, said Chitrapongse Kwangsukstith, acting president of PTT International.
The group has explored business opportunities in Madagascar and Brunei in addition to existing coal operations in Indonesia, he said.
The company has secured syndicated loans worth $380 million with Siam Commercial Bank, Krung Thai Bank, Bangkok Bank and Standard Chartered Bank to expand coal production in Indonesia.
Part of the loan will be used to refinance current debt to extend maturities to more than 10 years and reduce interest costs, he said.
"We are going to expand production in Indonesia to 11-12 million tonnes this year, up from last year's 9 million, and ramp up to 20 million tonnes in the next five years," he said.
Indonesian coal will be exported to Japan, Hong Kong and China, he said.
| "We are going to expand production in Indonesia to 11-12 million tons this year and ramp up to 20 million tons in the next five years" - Chitrapongse Kwangsukstith |
Investment in Indonesia will be made through Straits Asia Resources (SAR), of which the Singapore-listed parent is majority-owned by PTT Asia Pacific (PTTAPM). More than 60% controlled by PTT, PTTAPM has been granted a licence and is in the early exploration process for coal mines in Brunei and Madagascar.
"Currently, coal ventures generate a few million dollars of revenue a year. We are targeting net revenue for PTT of about $500-600 million annually, making coal one of PTT's core businesses, probably in the next five years," Mr Chitrapongse said.
"It is a shame that we cannot expand in Thailand because of the unresolved [Map Ta Phut legal] issue, so we are going to seek more business opportunities abroad."
PTT has 18 projects worth 93.5 billion baht, including its 28-billion-baht sixth gas-separation plant, among 64 projects in Map Ta Phut ordered by a court to suspend operations.
Analysts say that the coal business can generate better income for PTT than oil, given higher world reserves and rising demand. Globally, coal trade volume is expected to grow 3.2% this year, compared with a 1.2% increase in 2009, according to UOB Kay Hian.
Prices of thermal coal have also soared from an average of $72 per tonne last year to $99 at present, due to cold weather, it said.
The brokerage estimated that PTT's net profit in the final quarter of 2009 would be lower than in the third quarter, due mainly to lower earnings of PTT Exploration and Production. Refinery subsidiaries, such as Thai Oil Plc and PTT Aromatics and Refining Plc, are also expected to report weaker results from lower margins.
Shares of PTT closed yesterday on the SET at 225 baht, up six baht, in trade worth 1.29 billion baht.
Source: Bangkok Post
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Friday, 12 February 10
TATA POWER: QUARTERLY BLIP
Although the company’s revenues dipped in the December quarter, its long-term story is intact.
Lower power generation and realisations saw ...
Thursday, 11 February 10
THE INDIAN MARKET SOFTENING A BIT - FEARNRESEARCH
Handy
The BSI has gone down for 3 weeks now but it is more a reflection of the Pac market. Activity in the Atl remains solid and rates remain firm ...
Thursday, 11 February 10
SOUTH AFRICA COAL EXPORTS DROP TO INDIA, CHINA
South African coal exports to India from Richards Bay Coal Terminal fell 39% in January from December's levels while shipments to China dropped 55% ...
Thursday, 11 February 10
JSW STEEL IS CLOSE TO ACQUIRING TWO COAL MINES IN THE US
“We are in advanced stages of negotiation and the deal will be completed in a month or two,” a company official told DNA Money on the co ...
Wednesday, 10 February 10
BHP TAKES MARUWAI SALE OFF THE TABLE, MINISTRY SAYS
Australian mining giant BHP Billiton may cancel a plan to sell a stake in its coal mining project in Maruwai, East Kalimantan, an official at the En ...
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- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
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- Romanian Commodities Exchange
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- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- Coalindo Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Central Java Power - Indonesia
- Australian Coal Association
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- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- Meralco Power Generation, Philippines
- Therma Luzon, Inc, Philippines
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- Sinarmas Energy and Mining - Indonesia
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
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- Altura Mining Limited, Indonesia
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- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Orica Mining Services - Indonesia
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- Bhatia International Limited - India
- Minerals Council of Australia
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- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- McConnell Dowell - Australia
- Coal and Oil Company - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- Posco Energy - South Korea
- Trasteel International SA, Italy
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Latin American Coal - Colombia
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Intertek Mineral Services - Indonesia
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
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- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
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- MS Steel International - UAE
- Ministry of Finance - Indonesia
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- Indian Energy Exchange, India
- Bhushan Steel Limited - India
- Metalloyd Limited - United Kingdom
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- Kapuas Tunggal Persada - Indonesia
- GMR Energy Limited - India
- Thiess Contractors Indonesia
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- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
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- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Interocean Group of Companies - India
- Ministry of Transport, Egypt
- White Energy Company Limited
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- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- The University of Queensland
- Edison Trading Spa - Italy
- Ambuja Cements Ltd - India
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- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
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- GAC Shipping (India) Pvt Ltd
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- Electricity Authority, New Zealand
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- Mjunction Services Limited - India
- Alfred C Toepfer International GmbH - Germany
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- Indonesian Coal Mining Association
- London Commodity Brokers - England
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- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
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- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bangladesh Power Developement Board
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- CIMB Investment Bank - Malaysia
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Bharathi Cement Corporation - India
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- Bhoruka Overseas - Indonesia
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- Deloitte Consulting - India
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- Singapore Mercantile Exchange
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- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
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- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
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- Eastern Coal Council - USA
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- Georgia Ports Authority, United States
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- SMG Consultants - Indonesia
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