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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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Wednesday, 15 December 10
LARGE ORDERBOOK TO HINDER 2011 DRY BULK MARKET REBOUND DESPITE INCREASED DEMAND SAYS PARAGON SHIPPING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A large orderbook which currently stands at 53% of the existing fleet is expected to render 2011 another challenging year for the dry bulk marke ...
Wednesday, 15 December 10
SMALLER DRY BULK VESSELS ARE LOOKING UP, LARGER ONES FAIL TO DELIVER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market lost further ground at the beginning of the week, in what could prove one of the slowest periods ship owners have been faced. Ye ...
Tuesday, 14 December 10
COAL IMPORTS MAY INCREASE 78% TO CHINA, INDIA: ENERGY MARKETS - BUSINESS WEEK
Business Week reported that, China and India may increase imports of coal by 78 percent to 337 million metric tons next year, further driving up pri ...
Tuesday, 14 December 10
THE FREIGHT RATES FROM INDONESIA TO INDIA AND CHINA REMAINED FIRM - CAPT. REDDY
COALspot.com - The freight market continued to be soft with the Cape sector most effected which was down by 289 points and closed at 2,694 poi ...
Monday, 13 December 10
ICE FUTURES EUROPE TO LAUNCH IHS MCCLOSKEY INDONESIAN SUB-BITUMINOUS FOB MARKER COAL CONTRACTS - MONDOVISIONE
Mondovisione reported that, IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over ...
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- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Malabar Cements Ltd - India
- GVK Power & Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thai Mozambique Logistica
- Commonwealth Bank - Australia
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Karaikal Port Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Tata Chemicals Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Parliament of New Zealand
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- Mintek Dendrill Indonesia
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- Central Java Power - Indonesia
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Renaissance Capital - South Africa
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- Miang Besar Coal Terminal - Indonesia
- Medco Energi Mining Internasional
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Dalmia Cement Bharat India
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Bukit Makmur.PT - Indonesia
- Semirara Mining Corp, Philippines
- CNBM International Corporation - China
- Samtan Co., Ltd - South Korea
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- Manunggal Multi Energi - Indonesia
- Chamber of Mines of South Africa
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Sarangani Energy Corporation, Philippines
- Bhatia International Limited - India
- ASAPP Information Group - India
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- San Jose City I Power Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Orica Australia Pty. Ltd.
- OPG Power Generation Pvt Ltd - India
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bharathi Cement Corporation - India
- Australian Coal Association
- Singapore Mercantile Exchange
- Interocean Group of Companies - India
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- Simpson Spence & Young - Indonesia
- Eastern Coal Council - USA
- Planning Commission, India
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- Sree Jayajothi Cements Limited - India
- Bukit Baiduri Energy - Indonesia
- Siam City Cement PLC, Thailand
- Ceylon Electricity Board - Sri Lanka
- Bhoruka Overseas - Indonesia
- Power Finance Corporation Ltd., India
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- GMR Energy Limited - India
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- The University of Queensland
- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
- Xindia Steels Limited - India
- Mercuria Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- Coalindo Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- Makarim & Taira - Indonesia
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Riau Bara Harum - Indonesia
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- Global Green Power PLC Corporation, Philippines
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