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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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Thursday, 24 December 09
EUROSEAS LTD. ANNOUNCES TWO-YEAR TIME CHARTER AGREEMENT FOR PANAMAX BULK CARRIER
Euroseas Ltd., an owner and operator of drybulk carriers and container vessels and provider of seaborne transportation for dry bulk and containerize ...
Wednesday, 23 December 09
INDONESIA POWER CHIEF TO BUILD PLANTS OUTSIDE JAVA
Indonesia's state electricity firm plans to build new power plants outside Java island with a combined capacity of around 2,000 megawatts to resolv ...
Wednesday, 23 December 09
BUKIT ASAM SEES CHINA COAL DEMAND BOOST
* Rebound in prices to have pushed up 2009 revs
* To more than double Tarahan port capacity
Reuters reported that, Indonesian state-owned coal m ...
Wednesday, 23 December 09
MACARTHUR COAL OFFERS TO BUY RIVAL GLOUCESTER
Queensland-based Macarthur Coal will offer to buy fellow Australian Gloucester Coal, in a move to add two new mines and increase coal resources.
...
Tuesday, 22 December 09
CHINA CONTRACTED COAL PRICE FOR 2010 SEES SLIGHT INCREASE
A number of coal and power enterprises have concluded their annual power-coal supply contracts for 2010, and the contracted coal price saw slight in ...
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- Africa Commodities Group - South Africa
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Therma Luzon, Inc, Philippines
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- Bukit Makmur.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- Jindal Steel & Power Ltd - India
- Intertek Mineral Services - Indonesia
- The University of Queensland
- Makarim & Taira - Indonesia
- Kartika Selabumi Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- Eastern Coal Council - USA
- Tamil Nadu electricity Board
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- Chamber of Mines of South Africa
- Coalindo Energy - Indonesia
- Simpson Spence & Young - Indonesia
- IHS Mccloskey Coal Group - USA
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Parliament of New Zealand
- Energy Development Corp, Philippines
- Rio Tinto Coal - Australia
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- Latin American Coal - Colombia
- Globalindo Alam Lestari - Indonesia
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Thiess Contractors Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sical Logistics Limited - India
- Miang Besar Coal Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- Ministry of Transport, Egypt
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- Interocean Group of Companies - India
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Independent Power Producers Association of India
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- McConnell Dowell - Australia
- Bulk Trading Sa - Switzerland
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- Oldendorff Carriers - Singapore
- SMC Global Power, Philippines
- Orica Australia Pty. Ltd.
- Energy Link Ltd, New Zealand
- Directorate Of Revenue Intelligence - India
- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- Siam City Cement - Thailand
- Larsen & Toubro Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- Lanco Infratech Ltd - India
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- Price Waterhouse Coopers - Russia
- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- Coal and Oil Company - UAE
- MS Steel International - UAE
- Global Coal Blending Company Limited - Australia
- ICICI Bank Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- South Luzon Thermal Energy Corporation
- Cigading International Bulk Terminal - Indonesia
- Attock Cement Pakistan Limited
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- PowerSource Philippines DevCo
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- Mjunction Services Limited - India
- Orica Mining Services - Indonesia
- Port Waratah Coal Services - Australia
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
- PNOC Exploration Corporation - Philippines
- Wilmar Investment Holdings
- Ind-Barath Power Infra Limited - India
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Renaissance Capital - South Africa
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