We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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 $71.
To gain from the higher prices, Ms Somrudee said Banpu plans to increase exports of Centennial so its prices can move up in line with spot prices. Currently, two-thirds of Centennial's output serves the domestic market with fixed contract prices.
"Our plan is to balance exports and domestic sales of Centennial," said Ms Somrudee.
At the same time, Banpu aims to increase its coal-related assets from around 60-65% of total assets at present to 70% next year with the combination of Centennial assets. It divested its 14% share last month in Ratchaburi Electricity Generating Holding, Thailand's largest private power producer, under a long-term strategy to focus more on its core coal business.
Ms Somrudee said Banpu will spend the 6.68 billion baht earned from the share sale to expand its coal assets overseas.
The ultimate goal is to boost coal-related assets to 85% of the total, she added.
Banpu's shareholders earlier approved the company issuing bonds worth no more than 20 billion baht. The bonds will be gradually issued starting next year to refinance the company's existing debts by extending payment periods to more than 10 years, she added.
BANPU shares closed on Friday on the Stock Exchange of Thailand at 782 baht, up four baht, in trade worth 998 million baht.
Source: Bangkok Post
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 17 December 10
NALCO SHORTLISTS COAL FIRMS FOR INDONESIA PROJECT - BUSINESS-STANDARD
Business-Standard reported that, State-owned NALCO today said it has shortlisted two firms for supply of coal for its Rs 18,000-crore (US$ 3,953,003 ...
Thursday, 16 December 10
LANCO BAGS AUSTRALIAN COAL MINER GRIFFITH - DNA
As part of its strategy to secure coal supplies for meeting its needs in expanding power generation capacities, infrastructure major Lanco Infratech ...
Thursday, 16 December 10
COAL INDIA IN TALKS WITH INDONESIAN CO TO BUY ITS COAL MINES - APN NEWS
APN News reported that, World’s largest coal producer Coal India is in talks with Indonesia’s Sinar Mas Group for acquiring coal mines i ...
Wednesday, 15 December 10
GOVT SETS NEW MINIMUM LEVEL FOR DOMESTIC MARKET SALES - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal producers are required to sell at least 24.17 percent of their production to the domestic market nex ...
Wednesday, 15 December 10
CAPESIZE RATES ARE NOW AT THEIR LOWEST LEVEL SINCE AUGUST
It was a repeat performance for the market this week, with another increase in earnings for the small sizes but a sharp drop for the Capes. Overall ...
|
|
|
Showing 5486 to 5490 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Gujarat Sidhee Cement - India
- Tata Chemicals Ltd - India
- India Bulls Power Limited - India
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- VISA Power Limited - India
- Singapore Mercantile Exchange
- Meralco Power Generation, Philippines
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Energy Development Corp, Philippines
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- McConnell Dowell - Australia
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- Coal and Oil Company - UAE
- Standard Chartered Bank - UAE
- Orica Mining Services - Indonesia
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
- Marubeni Corporation - India
- The University of Queensland
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- Jindal Steel & Power Ltd - India
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- White Energy Company Limited
- Attock Cement Pakistan Limited
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Kepco SPC Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- Independent Power Producers Association of India
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- Timah Investasi Mineral - Indoneisa
- Deloitte Consulting - India
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- Indika Energy - Indonesia
- Bangladesh Power Developement Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- SMC Global Power, Philippines
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bharathi Cement Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Meenaskhi Energy Private Limited - India
- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
- Sinarmas Energy and Mining - Indonesia
- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Savvy Resources Ltd - HongKong
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- Electricity Authority, New Zealand
- GAC Shipping (India) Pvt Ltd
- Thiess Contractors Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- Port Waratah Coal Services - Australia
- Leighton Contractors Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- Sojitz Corporation - Japan
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Kapuas Tunggal Persada - Indonesia
- Rashtriya Ispat Nigam Limited - India
- LBH Netherlands Bv - Netherlands
- Planning Commission, India
- European Bulk Services B.V. - Netherlands
- SMG Consultants - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Kumho Petrochemical, South Korea
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- Toyota Tsusho Corporation, Japan
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- Neyveli Lignite Corporation Ltd, - India
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Samtan Co., Ltd - South Korea
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
- Vizag Seaport Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- Bukit Baiduri Energy - Indonesia
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Latin American Coal - Colombia
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- Cement Manufacturers Association - India
- Bulk Trading Sa - Switzerland
- Semirara Mining Corp, Philippines
|
| |
| |
|
