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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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Friday, 26 November 10
INDIA WILL IMPORT 100 MLN TONS OF COAL BY 2012 - LAKSHMINARAYANA
COALspot.com – “India’s coal shortfall will reach 100 million mt by 2011-12”, said Lakshminarayana, Vice Preside ...
Friday, 26 November 10
CHINAS COAL INVENTORY STAYS HIGH FOR 22 MONTHS AT 220 MLN T, ASSOCIATION
Xinhua News Agency reported that, China’s coal inventory has stayed high and unchanged for 22 months to be around 220 million tonnes, reflecti ...
Friday, 26 November 10
DR WOLFGANG CIESLIK TO HEAD GERMAN COAL IMPORTERS ASSOCIATION
COALspot.com – (Press Release): The Management Board of the German Coal Importers Association (Verein der Kohlenimporteure e.V.) has elected D ...
Thursday, 25 November 10
ANALYSIS: COAL SECTOR: VALUE EMERGENCE - THE JAKARTA POST
Coal demand will remain firm due to a build-up of coal-fired power plants in India, China and Indonesia. As a result, we have upgraded our coal pric ...
Thursday, 25 November 10
INDONESIAN ROUNDS ARE ACHIEVING IN THE LOW 10S, OWNERS ARE NOT KEEN FOR TRIPS TO INDIA - FEARNBULK
HANDY
Uneventful week - Supra/Panamax stems ex USG to China/Korea/Japan are the main focus + grains ex. Argentina. The Atlantic market activity re ...
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- Gujarat Mineral Development Corp Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Ministry of Finance - Indonesia
- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- Bukit Makmur.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Attock Cement Pakistan Limited
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- PowerSource Philippines DevCo
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
- Bhushan Steel Limited - India
- Maheswari Brothers Coal Limited - India
- Malabar Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Wood Mackenzie - Singapore
- Sindya Power Generating Company Private Ltd
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- Uttam Galva Steels Limited - India
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- SMC Global Power, Philippines
- Deloitte Consulting - India
- The University of Queensland
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Metalloyd Limited - United Kingdom
- Coal and Oil Company - UAE
- Videocon Industries ltd - India
- Orica Mining Services - Indonesia
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
- Agrawal Coal Company - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- VISA Power Limited - India
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Oldendorff Carriers - Singapore
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- International Coal Ventures Pvt Ltd - India
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- Tamil Nadu electricity Board
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Ambuja Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- Commonwealth Bank - Australia
- Planning Commission, India
- Lanco Infratech Ltd - India
- Meenaskhi Energy Private Limited - India
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
- Australian Coal Association
- Baramulti Group, Indonesia
- Independent Power Producers Association of India
- Xindia Steels Limited - India
- Minerals Council of Australia
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Heidelberg Cement - Germany
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
- Latin American Coal - Colombia
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Medco Energi Mining Internasional
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- Banpu Public Company Limited - Thailand
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- SMG Consultants - Indonesia
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Indo Tambangraya Megah - Indonesia
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- Bayan Resources Tbk. - Indonesia
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Krishnapatnam Port Company Ltd. - India
- Thiess Contractors Indonesia
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- Essar Steel Hazira Ltd - India
- Altura Mining Limited, Indonesia
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- Interocean Group of Companies - India
- Bukit Baiduri Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Africa Commodities Group - South Africa
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- Billiton Holdings Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PTC India Limited - India
- Cigading International Bulk Terminal - Indonesia
- Mjunction Services Limited - India
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Petron Corporation, Philippines
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