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Thursday, 12 November 09
BANPU TO INVEST US$ 466 M
 Plan targets 33.5m tonnes of coal per year
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is planning capital investments of more than $466 million over the next six years.
The investment will lift the company's coal production to 33.5 million tonnes per year by 2015, from its target of 23 million tonnes next year.
Only marginal revenue growth is predicted over the next year despite a forecast production increase of 12% from the current 20.5 million tonnes, chief executive Chanin Vongkusolkit said yesterday.
Of the total investments planned for 2010-15, about $190 million will be spent on expanding Indonesian-based coal mines; $22 million will be used to lift output in China; and $255 million to complete the $400-million Hongsa Lignite thermal power project in Laos.
The six-year capital expenditure will only be spent on existing projects. Additional investments could be made as the company is exploring new coal mining opportunities in Indonesia, Australia and China, Mr Chanin said.
"Our new investments will pretty much concentrate on the coal business which we expect to have healthy demand growth over the next 10 to 20 years," he said. "At the same time, Banpu will reduce our profile in the power business focusing only on projects that ... support our coal operations."
The company is considering bank loans and bond issues to finance the investments.
Its debt-to-equity ratio ceiling is projected at 1:1, meaning that Banpu has room to borrow about 40 billion baht on top of its existing liability of approximately 10 billion baht, he said.
Banpu is currently involved in a bid to acquire Indonesia's Berau coal mine, which has an annual production capacity of 15 million tonnes.
While its third-quarter financial results beat market expectations, Mr Chanin said Banpu's performance would weaken in the fourth quarter due to lower coal prices and maintenance closures at the BLCP power plant, in which Banpu holds an equal stake with Electricity Generating Plc (Egco).
The coal miner reported a third-quarter increase in net profit of 22% year-on-year to 3.8 billion baht - beating the market consensus of 3.1 billion - as revenue slid 3% on falling coal prices.
Nine-month earnings jumped to 12.58 billion baht from 7.48 billion baht a year earlier on revenue of 40.43 billion, an increase of 18.7%.
"Overall performance this year is better than our projection even though we anticipate both revenue and profit to weaken in the last quarter," Mr Chanin said.
Banpu has set a final-quarter delivery target of 6.6 million tonnes of coal, generating revenue of 16 billion baht. Turnover in 2009 is forecast at 57 billion baht, an increase of 14% over last year.
Despite expected weaker fourth-quarter results, UOB Kay Hian Securities upgraded Banpu's 2009 earnings estimates by 7% to 14.38 billion baht, compared with 9.23 billion last year, citing higher production and better-than-expected year-to-date results.
Shares of Banpu closed yesterday on the Stock Exchange of Thailand at 462 baht, up 14 baht, in trade worth 1.9 billion baht.
Source: Bangkok Post
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Friday, 18 December 09
COKING COAL SHORTAGE IN CHINA TO SPUR DEMAND FIGHT WITH JAPAN
China, the world’s largest steelmaker, faces a shortage of coking coal that may drive imports next year and spur a fight for resources with Ja ...
Thursday, 17 December 09
THE 6TH CLEAN ENERGY FORUM - CLEAN COAL 2010
COALspot.com (China) - Press Release: The 6th Clean Energy Forum--Clean Coal 2010 January 27-29, 2010 Renaissance Tianjin Teda Hotel And Conven ...
Thursday, 17 December 09
JFE STEEL INVESTS $555 MILLION IN AUSTRALIA COAL MINE
JFE Steel Corp., Japan’s second- largest producer, will invest 50 billion yen ($555 million) in a coal mine in Queensland, Australia, includin ...
Thursday, 17 December 09
CHINA, INDIA DEMAND MAY BOOST THERMAL COAL PRICE, JPMORGAN SAYS
Demand for thermal coal from China and India may boost prices of the fuel to $80 a metric ton next year amid reduced supplies and lower inventories, ...
Thursday, 17 December 09
RBCT PROBLEMS TO CAUSE STEAM COAL PRICE SPIKE IN Q1
Bugs in the new computer system at South Africa's Richards Bay Coal Terminal and persistent rail problems will make it impossible for exporters to ...
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- Australian Commodity Traders Exchange
- The Treasury - Australian Government
- Rashtriya Ispat Nigam Limited - India
- MS Steel International - UAE
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Independent Power Producers Association of India
- Gujarat Mineral Development Corp Ltd - India
- Bhushan Steel Limited - India
- Agrawal Coal Company - India
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- Renaissance Capital - South Africa
- Electricity Generating Authority of Thailand
- Medco Energi Mining Internasional
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- Intertek Mineral Services - Indonesia
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Sojitz Corporation - Japan
- Power Finance Corporation Ltd., India
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Orica Australia Pty. Ltd.
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Heidelberg Cement - Germany
- Leighton Contractors Pty Ltd - Australia
- Xindia Steels Limited - India
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Kapuas Tunggal Persada - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- Dalmia Cement Bharat India
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Banpu Public Company Limited - Thailand
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Wilmar Investment Holdings
- Simpson Spence & Young - Indonesia
- Metalloyd Limited - United Kingdom
- Meralco Power Generation, Philippines
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Iligan Light & Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Eastern Energy - Thailand
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- PTC India Limited - India
- Eastern Coal Council - USA
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Kumho Petrochemical, South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- Bulk Trading Sa - Switzerland
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- Riau Bara Harum - Indonesia
- Thiess Contractors Indonesia
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Videocon Industries ltd - India
- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Lanco Infratech Ltd - India
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- Thai Mozambique Logistica
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Romanian Commodities Exchange
- Timah Investasi Mineral - Indoneisa
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- White Energy Company Limited
- Sical Logistics Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- Semirara Mining and Power Corporation, Philippines
- The University of Queensland
- Indo Tambangraya Megah - Indonesia
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- Planning Commission, India
- Grasim Industreis Ltd - India
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- Gujarat Sidhee Cement - India
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- Wood Mackenzie - Singapore
- SN Aboitiz Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- ICICI Bank Limited - India
- Global Business Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Aditya Birla Group - India
- Miang Besar Coal Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Formosa Plastics Group - Taiwan
- Vizag Seaport Private Limited - India
- Aboitiz Power Corporation - Philippines
- Africa Commodities Group - South Africa
- Jorong Barutama Greston.PT - Indonesia
- Tamil Nadu electricity Board
- Semirara Mining Corp, Philippines
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