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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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Monday, 28 December 09
SOMALI PIRATES SAY $4 MILLION RANSOM PAID FOR COAL SHIP
A helicopter dropped a $4 million ransom payment on Sunday on to the deck of a Chinese coal ship hijacked by Somali pirates in mid-October, a pirate ...
Saturday, 26 December 09
COAL INDIA, RIO TINTO MAY HOLD TALKS SOON ON TIE-UP
State owned Coal India Limited (CIL), which is in the race for acquisition of overseas coal properties to plug the demand supply shortfall of the dr ...
Saturday, 26 December 09
COKING COAL PRICES MAY RISE BY 10 - 15% FROM APRIL 2010
The price of coking coal, one of the key raw materials for steel production, is likely to increase by 10-15% in next April, the month in which m ...
Saturday, 26 December 09
COAL INDIA SECURES TWO BLOCKS IN MOZAMBIQUE
It's official now. Mozambique has awarded two coal acreages in its Maotize region with an estimated one billion tonne reserves to Coal India Ltd bu ...
Thursday, 24 December 09
DRY BULK CHARTERING - SHIPPING UPDATE
Handy
Continued firm conditions for the Handymax / Supramax market in the Atlantic despite the BSI´s downward trend. As chrs scramble to cov ...
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- Holcim Trading Pte Ltd - Singapore
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- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- Deloitte Consulting - India
- Interocean Group of Companies - India
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- The University of Queensland
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
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- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- Bhatia International Limited - India
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- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
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- Kideco Jaya Agung - Indonesia
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- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Manunggal Multi Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- Riau Bara Harum - Indonesia
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GN Power Mariveles Coal Plant, Philippines
- Sinarmas Energy and Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- Semirara Mining and Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Mercuria Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Romanian Commodities Exchange
- Bangladesh Power Developement Board
- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Krishnapatnam Port Company Ltd. - India
- MS Steel International - UAE
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- Formosa Plastics Group - Taiwan
- ICICI Bank Limited - India
- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- Kartika Selabumi Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Mintek Dendrill Indonesia
- White Energy Company Limited
- Thai Mozambique Logistica
- GVK Power & Infra Limited - India
- Antam Resourcindo - Indonesia
- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Coal and Oil Company - UAE
- SMC Global Power, Philippines
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
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- Petrochimia International Co. Ltd.- Taiwan
- New Zealand Coal & Carbon
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- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Medco Energi Mining Internasional
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- Cigading International Bulk Terminal - Indonesia
- VISA Power Limited - India
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- Chamber of Mines of South Africa
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- Madhucon Powers Ltd - India
- Therma Luzon, Inc, Philippines
- Georgia Ports Authority, United States
- Minerals Council of Australia
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- Australian Coal Association
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
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- Singapore Mercantile Exchange
- Jaiprakash Power Ventures ltd
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- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
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- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Jindal Steel & Power Ltd - India
- Posco Energy - South Korea
- Rashtriya Ispat Nigam Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Tamil Nadu electricity Board
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- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
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- GMR Energy Limited - India
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- European Bulk Services B.V. - Netherlands
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- Planning Commission, India
- Neyveli Lignite Corporation Ltd, - India
- Metalloyd Limited - United Kingdom
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- Tata Chemicals Ltd - India
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