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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 $71.
To gain from the higher prices, Ms Somrudee said Banpu plans to increase exports of Centennial so its prices can move up in line with spot prices. Currently, two-thirds of Centennial's output serves the domestic market with fixed contract prices.
"Our plan is to balance exports and domestic sales of Centennial," said Ms Somrudee.
At the same time, Banpu aims to increase its coal-related assets from around 60-65% of total assets at present to 70% next year with the combination of Centennial assets. It divested its 14% share last month in Ratchaburi Electricity Generating Holding, Thailand's largest private power producer, under a long-term strategy to focus more on its core coal business.
Ms Somrudee said Banpu will spend the 6.68 billion baht earned from the share sale to expand its coal assets overseas.
The ultimate goal is to boost coal-related assets to 85% of the total, she added.
Banpu's shareholders earlier approved the company issuing bonds worth no more than 20 billion baht. The bonds will be gradually issued starting next year to refinance the company's existing debts by extending payment periods to more than 10 years, she added.
BANPU shares closed on Friday on the Stock Exchange of Thailand at 782 baht, up four baht, in trade worth 998 million baht.
Source: Bangkok Post
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Thursday, 09 December 10
DRY BULK MARKET LOOKING FOR DIRECTION THIS WEEK, AS CAPESIZE SHIPS END THEIR MISFORTUNES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk has began the week on a positive note capitalizing on the positive sentiment which finally prevailed during the last days of the previo ...
Monday, 06 December 10
NTPC MAY OPT FOR INDONESIA OVER AFRICA, OZ FOR COAL MINES
Country's largest power producer NTPC, which is scouting for coal properties abroad to fuel its power plants back home, may zero in on Indonesia fo ...
Saturday, 04 December 10
INDONESIA TO INDIA AND CHINA SEA FREIGHT UP BY ABOUT US$ 2.50 PMT - CAPT. REDDY
COALspot.com - The freight market even though remained weak, but towards end of the week the market seemed to firm up.
The BDI was almost at sam ...
Saturday, 04 December 10
OFF WEST COAST OF INDIA TONNAGE IS SEEMINGLY QUITE SPARSE - FEARNBULK
Handy
The Atlantic markets are weak and remained unusually calm after the Thanksgiving ...
Friday, 03 December 10
INDONESIAN LOW RANK COAL IS ATTRACTING COAL BUYERS FROM INDIA AND CHINA
COALspot.com - Bhakti Energi Persada has sold out its whole coal production until the end of 2011, Jeffry Mulyono said during McCloskey Asia P ...
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- The University of Queensland
- Maharashtra Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Power Finance Corporation Ltd., India
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Agrawal Coal Company - India
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- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Larsen & Toubro Limited - India
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- The Treasury - Australian Government
- Petron Corporation, Philippines
- PTC India Limited - India
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
- Central Java Power - Indonesia
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- Karbindo Abesyapradhi - Indoneisa
- Jindal Steel & Power Ltd - India
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- Global Business Power Corporation, Philippines
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- Electricity Generating Authority of Thailand
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Pipit Mutiara Jaya. PT, Indonesia
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- Anglo American - United Kingdom
- Indogreen Group - Indonesia
- Latin American Coal - Colombia
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- Economic Council, Georgia
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Gujarat Mineral Development Corp Ltd - India
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- PetroVietnam Power Coal Import and Supply Company
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- Alfred C Toepfer International GmbH - Germany
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- GN Power Mariveles Coal Plant, Philippines
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- Bhushan Steel Limited - India
- Meralco Power Generation, Philippines
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Intertek Mineral Services - Indonesia
- GMR Energy Limited - India
- Global Coal Blending Company Limited - Australia
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- San Jose City I Power Corp, Philippines
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- Krishnapatnam Port Company Ltd. - India
- Star Paper Mills Limited - India
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- Grasim Industreis Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Bayan Resources Tbk. - Indonesia
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
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- Kumho Petrochemical, South Korea
- GVK Power & Infra Limited - India
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- Gujarat Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
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- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Binh Thuan Hamico - Vietnam
- IEA Clean Coal Centre - UK
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- Wood Mackenzie - Singapore
- Bharathi Cement Corporation - India
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Interocean Group of Companies - India
- Mercator Lines Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
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- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
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- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
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- Bangladesh Power Developement Board
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- ICICI Bank Limited - India
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- Coalindo Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
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- Kaltim Prima Coal - Indonesia
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- Kohat Cement Company Ltd. - Pakistan
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Parliament of New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- Central Electricity Authority - India
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
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- Videocon Industries ltd - India
- Independent Power Producers Association of India
- Ambuja Cements Ltd - India
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
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