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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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Wednesday, 03 February 10
RECOVERY IN INDONESIAN MINING SECTOR EXPECTED TO BOOST SALES, UNITED TRACTORS SAYS
PT United Tractors, the country’s biggest supplier of heavy equipment, said on Tuesday that it expected sales to increase 15 percent this year ...
Tuesday, 02 February 10
THAI BANPU SAYS HIGHER COSTS TO HIT COAL PROFITS
Thailand's top coal miner, expects profits from its coal business in 2010 to be lower than last year due to higher costs, but its chief executive i ...
Monday, 01 February 10
CIL PLANS TO INVEST IN OVERSEAS COAL MINES
Over the next 10 years, CIL expects to import from these mines at least 500 million tonnes of thermal coal, a variety used by power plants
The bo ...
Sunday, 31 January 10
AUSTRALIA NEWCASTLE THERMAL COAL FALLS 0.7 PERCENT TO $ 98.53
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 0.7 percent, falling for the first time in four weeks. ...
Sunday, 31 January 10
NTPC TO IMPORT COAL
NTPC Ltd plans to import coal directly, starting next fiscal.
“We plan to import 15-16 million tonnes of coal directly from next year,&rdqu ...
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- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Larsen & Toubro Limited - India
- Indian Energy Exchange, India
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- Gujarat Electricity Regulatory Commission - India
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- Romanian Commodities Exchange
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- San Jose City I Power Corp, Philippines
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- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
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- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
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- Altura Mining Limited, Indonesia
- Sarangani Energy Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- Mercator Lines Limited - India
- Chamber of Mines of South Africa
- Economic Council, Georgia
- Medco Energi Mining Internasional
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- Coalindo Energy - Indonesia
- The University of Queensland
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- GAC Shipping (India) Pvt Ltd
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- Energy Link Ltd, New Zealand
- MS Steel International - UAE
- Independent Power Producers Association of India
- Samtan Co., Ltd - South Korea
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- New Zealand Coal & Carbon
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- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- GMR Energy Limited - India
- Georgia Ports Authority, United States
- AsiaOL BioFuels Corp., Philippines
- Riau Bara Harum - Indonesia
- Attock Cement Pakistan Limited
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- Heidelberg Cement - Germany
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
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- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
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- Toyota Tsusho Corporation, Japan
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- Coal and Oil Company - UAE
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- SMC Global Power, Philippines
- Petron Corporation, Philippines
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
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- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- PTC India Limited - India
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- Edison Trading Spa - Italy
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Goldman Sachs - Singapore
- Holcim Trading Pte Ltd - Singapore
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
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- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
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- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- London Commodity Brokers - England
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
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- Power Finance Corporation Ltd., India
- Makarim & Taira - Indonesia
- IHS Mccloskey Coal Group - USA
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- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
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- Timah Investasi Mineral - Indoneisa
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- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
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- Directorate Of Revenue Intelligence - India
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- Trasteel International SA, Italy
- Cement Manufacturers Association - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
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