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Tuesday, 14 December 10
BANPU PLANNING PRODUCTION BOOM - BANGKOK POST
 Australian, Indonesian output to lead growth
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, wants to nearly double its coal output to 46 million tonnes next year, thanks to the acquisition of Sydney-based Centennial Coal and a higher contribution from Indonesian mines.
Production at coal mines in Indonesia will increase from 22 to 26 million tonnes, while two mines in China will contribute 5.5 million tonnes, said Somrudee Chaimongkol, Banpu's chief financial officer.
Centennial, which Banpu took over for A$2 billion (59.3 billion baht), will produce a minimum of 14.5 million tonnes in 2011, she said. This year's production was 1 million tonne short of its target due to heavy rainfall.
Centennial, in its last fiscal year ending in June, produced 14.5 million tonnes. Ms Somrudee said the company will change the fiscal year of the Australian company to a normal calendar year, same as Banpu, making it easier for Banpu to consolidate Centennial into its company's financial results.
"Production will increase significantly but overall financial results have not been estimated yet as they depend on global coal prices," she said.
Banpu chief executive Chanin Vongkusolkit said recently coal prices are rising and broke $110 per tonne already this year. Banpu's average selling price next year will certainly be higher than this year as it was quoted at $78 per tonne in the third quarter, compared with the 2009 average of $71.
To gain from the higher prices, Ms Somrudee said Banpu plans to increase exports of Centennial so its prices can move up in line with spot prices. Currently, two-thirds of Centennial's output serves the domestic market with fixed contract prices.
"Our plan is to balance exports and domestic sales of Centennial," said Ms Somrudee.
At the same time, Banpu aims to increase its coal-related assets from around 60-65% of total assets at present to 70% next year with the combination of Centennial assets. It divested its 14% share last month in Ratchaburi Electricity Generating Holding, Thailand's largest private power producer, under a long-term strategy to focus more on its core coal business.
Ms Somrudee said Banpu will spend the 6.68 billion baht earned from the share sale to expand its coal assets overseas.
The ultimate goal is to boost coal-related assets to 85% of the total, she added.
Banpu's shareholders earlier approved the company issuing bonds worth no more than 20 billion baht. The bonds will be gradually issued starting next year to refinance the company's existing debts by extending payment periods to more than 10 years, she added.
BANPU shares closed on Friday on the Stock Exchange of Thailand at 782 baht, up four baht, in trade worth 998 million baht.
Source: Bangkok Post
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Tuesday, 21 December 10
CHINA COAL CAP TO BOOST GLOBAL M&A - FINANCIER WORLD WIDE
Financier World Wide reported that, Chinese state-run media has reported that the Central Government intends to cap domestic coal production for fea ...
Tuesday, 21 December 10
CIL TOLD TO SCOUT MINES ABROAD TO BRIDGE COAL DEFICIT - ECONOMIC TIMES
Economic Times reported that, The government asked state-owned CIL to look for acquiring assets abroad to meet the domestic shortfall of coal.
&q ...
Tuesday, 21 December 10
SHIPPING INDUSTRY RECOVERING, BUT STILL HAMPERED BY OVERSUPPLY OF VESSELS AND DEPRESSED FREIGHT RATES - UNCTAD / HELLENIC SHIPPING
International seaborne trade contracted by 4.5 per cent in 2009, reports UNCTAD´s Review of Maritime Transport 2010 . That decline put seaborn ...
Sunday, 19 December 10
SPOT SUPRAMAX VESSELS WERE FIXED AROUND US$ 13,000 PER DAY FOR TRIP VIA INDONESIA TO INDIA - VISTAAR
COALspot.com - The freight market continued to be soft with the BDI down by 96 points and closed at 1,999 points, touching below 2,000 points on Fri ...
Friday, 17 December 10
THE PANAMAX MARKET HAS EXPERIENCED A SOFTER TENDENCY THIS WEEK - FEARNBULK
Handy
Monotonous Atlantic markets with little fresh enquiry in Black Sea/Med/Continent. Large Supras are achieving usd 21/22k for TA rounds - 2/3 ...
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- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- Riau Bara Harum - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Videocon Industries ltd - India
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Ambuja Cements Ltd - India
- Deloitte Consulting - India
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- Indogreen Group - Indonesia
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Parry Sugars Refinery, India
- Minerals Council of Australia
- Eastern Coal Council - USA
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- Interocean Group of Companies - India
- Pendopo Energi Batubara - Indonesia
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- European Bulk Services B.V. - Netherlands
- New Zealand Coal & Carbon
- Marubeni Corporation - India
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- India Bulls Power Limited - India
- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Savvy Resources Ltd - HongKong
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- Timah Investasi Mineral - Indoneisa
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Mjunction Services Limited - India
- Samtan Co., Ltd - South Korea
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- Bhatia International Limited - India
- Central Java Power - Indonesia
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- Indonesian Coal Mining Association
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- Gujarat Electricity Regulatory Commission - India
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Bayan Resources Tbk. - Indonesia
- McConnell Dowell - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- Vedanta Resources Plc - India
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Kideco Jaya Agung - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Simpson Spence & Young - Indonesia
- Globalindo Alam Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- Vizag Seaport Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Anglo American - United Kingdom
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- Neyveli Lignite Corporation Ltd, - India
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Lanco Infratech Ltd - India
- Planning Commission, India
- Salva Resources Pvt Ltd - India
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- PTC India Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- Independent Power Producers Association of India
- Posco Energy - South Korea
- Thiess Contractors Indonesia
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Grasim Industreis Ltd - India
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