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Friday, 14 August 09
ASIA GREEN TO SELL MORE COAL
 I Stock Analyst reported that, Asia Green Energy Plc (AGE) aims to increase its coal sales by 20 percent to 1 million tonnes this year, given the global economic rebound and a price gap that could encourage industrial operators to switch from fuel oil to coal for energy, said assistant managing director Somyos Thitisuriyarux.
But the SET-listed coal importer and distributor said yesterday that in the worst case its turnover could slip by 10 percent this year from 2.35 billion baht in 2008, with net profit sliding in line with coal prices down from 123 million baht last year.
In the first six months of 2009, AGE's revenue increased 15 percent year-on-year to one billion baht as coal from Indonesian mines rose 14.6 percent by volume to 414,072 tonnes. But net profit sank from 68 million baht to 39 million as the margin shrank 8 percent year-on-year.
Coal prices have stabilised between US$60 and $70 per tonne since the past quarter, or 2,600 baht as quoted locally, while crude has risen steadily to $70, said Mr Somyos. With fuel oil now at 13-14 baht a litre, it is 40 percent more expensive than coal, he said.
"Last year, 7 percent of 30,000 boilers at industrial plants nationwide were modified from fuel oil to coal to save about 30 percent. As the gap has widened, we expect more and more industrialists to switch to coal this year," he said.
AGE's customers are up to 520 from 500 at the end of last year, with the energy sector climbing to contribute 24 percent of sales volume, while food provides 29 percent, textiles 23 percent and paper 14 percent.
"We have remained on track to boost sales from 840,000 tonnes in 2008 to 1 million tonnes this year. Many sectors, including energy, have placed more orders but several were made for restocking," said Mr Somyos.
Although the global economic picture in the second half is unclear, without unexpected incidents the economy could steadily improve both locally and globally.
But AGE's sales revenue for 2009 will not be as good as projected earlier, when 20 percent growth was considered possible, he said. Coal prices are expected to stay between 2,500 and 2,800 baht this year, compared with 2,800 to 3,200 baht last year, due to the sluggish world economy in the first half.
"After getting the financial results of the first half, we are now anticipating that revenue could vary by 10 percent plus or minus from the 2008 figure," said Mr Somyos.
Next month, AGE will start operating its fourth warehouse in Si Racha in Chon Buri, with storage capacity of 10,000 tonnes of coal. The new facility will contribute to revenue from the fourth quarter onward. Currently, 14 percent of its customers are in the eastern region, he said.
Shares of AGE closed yesterday at 6.30 baht, unchanged, in trade worth 1.72 million baht.
Source:I Stock Analyst
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Wednesday, 26 August 09
JSW ENERGY NEARS COAL-SUPPLY LINKAGE DEAL IN INDONESIA
Sajjan Jindal-owned JSW Energy is close to finalising a coal-supply linkage pact in Indonesia and is also exploring options of acquiring ...
Wednesday, 26 August 09
COAL INDIA MAY HIKE COAL PRICES BY UP TO RS 175 (ABOUT US$ 3.60) A TONNE
The Economic Times reported that, state-owned Coal India may hike coal prices by up to Rs 175 (~ US$ 3.60) a tonne to close the gap between domestic ...
Tuesday, 25 August 09
KOREA TO INTRODUCE COAL-MINING ROBOTS TO REDUCE THE RISK OF HUMAN LOSSES FROM CONVENTIONAL MINING
Far East Gizmos reported that, The state-run Korea Coal Corp. (KOCOAL) signed a memorandum of understanding (MOU) on Monday with three Korean engine ...
Tuesday, 25 August 09
INDIA'S GNFC EXTENDED ONLINE BIDDING FOR PURCHASE OF 260,000 T COAL TO 23RD SEPTEMBER 2009
COALspot.com (India): Gujarat Narmada Valley Fertilizers Co. Ltd. (GNFC) invites offers (e-Tender) for supply of 130,000 MT +/- 5% on firm basis and ...
Tuesday, 25 August 09
ANTAM CONSIDERS ACQUIRING BHP
The Jakarta Post reported that, State mining company PT Aneka Tambang (Antam) is contemplating acquiring BHP Billiton's coal concessions in Central ...
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- Ministry of Transport, Egypt
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- Australian Commodity Traders Exchange
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- Mercuria Energy - Indonesia
- Port Waratah Coal Services - Australia
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- Orica Australia Pty. Ltd.
- PTC India Limited - India
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- Mercator Lines Limited - India
- Goldman Sachs - Singapore
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
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- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
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- CNBM International Corporation - China
- Central Electricity Authority - India
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- Medco Energi Mining Internasional
- GMR Energy Limited - India
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- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- New Zealand Coal & Carbon
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- Independent Power Producers Association of India
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- SMG Consultants - Indonesia
- Minerals Council of Australia
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- Tamil Nadu electricity Board
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Barasentosa Lestari - Indonesia
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Thai Mozambique Logistica
- Makarim & Taira - Indonesia
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Energy - Thailand
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Carbofer General Trading SA - India
- Krishnapatnam Port Company Ltd. - India
- Coal and Oil Company - UAE
- ICICI Bank Limited - India
- Star Paper Mills Limited - India
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Sree Jayajothi Cements Limited - India
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- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- Malabar Cements Ltd - India
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- Vedanta Resources Plc - India
- Sojitz Corporation - Japan
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- PowerSource Philippines DevCo
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- Jindal Steel & Power Ltd - India
- The University of Queensland
- Meenaskhi Energy Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Mines - Canada
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- The Treasury - Australian Government
- Trasteel International SA, Italy
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
- Rio Tinto Coal - Australia
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
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- Bhushan Steel Limited - India
- Orica Mining Services - Indonesia
- Gujarat Sidhee Cement - India
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- Bayan Resources Tbk. - Indonesia
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- Australian Coal Association
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- Anglo American - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
- Savvy Resources Ltd - HongKong
- Grasim Industreis Ltd - India
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Standard Chartered Bank - UAE
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- Altura Mining Limited, Indonesia
- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- Mjunction Services Limited - India
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Chamber of Mines of South Africa
- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
- GVK Power & Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Maharashtra Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- PetroVietnam Power Coal Import and Supply Company
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
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