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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, 20 November 09
CHINESE COKING COAL SUPPLY TO BE 'TIGHT' IN 2010, KGI SAYS
Bloomberg Reported that, Stephen Wang, an analyst with KGI Securities in Taipei, comments on the outlook for Chinese steel production and demand for ...
Friday, 20 November 09
INDONESIAN CO PLANS JV WITH NAGARJUNA
Economic Times reported that, Infrastructure firm Nagarjuna Constructions Company (NCC) is set to form a joint venture with an Indonesian coal minin ...
Thursday, 19 November 09
S. KOREA TO BUY COAL FROM CHINA FOR US$ 85-90/T IN 2010
Head of one S. Korea power company on November 18 unveiled that S. Korea’s power companies may purchase coal from China at the contract price ...
Thursday, 19 November 09
SNAPSHOT OF INDONESIA'S COAL INDUSTRY - FACT BOX BY REUTERS
Indonesian plans to cap coal exports to meet domestic demand will not hit global supplies in the near term, but could start to bite in three to five ...
Thursday, 19 November 09
INDONESIA COAL EXPORTS CURB WILL TAKE TIME TO BITE
Indonesia's plans to cap coal exports to satisfy demand at home are unlikely to crimp global supplies for as long as five years, when new power pla ...
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- Petron Corporation, Philippines
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- Larsen & Toubro Limited - India
- Standard Chartered Bank - UAE
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- Posco Energy - South Korea
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- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Makmur.PT - Indonesia
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- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
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- Wood Mackenzie - Singapore
- Sakthi Sugars Limited - India
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- Dalmia Cement Bharat India
- Singapore Mercantile Exchange
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- Australian Commodity Traders Exchange
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- Formosa Plastics Group - Taiwan
- Savvy Resources Ltd - HongKong
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- Star Paper Mills Limited - India
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Renaissance Capital - South Africa
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- Bhatia International Limited - India
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- Ministry of Mines - Canada
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- Bukit Asam (Persero) Tbk - Indonesia
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- SMC Global Power, Philippines
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- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
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- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- GAC Shipping (India) Pvt Ltd
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- Essar Steel Hazira Ltd - India
- Interocean Group of Companies - India
- CNBM International Corporation - China
- McConnell Dowell - Australia
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- Alfred C Toepfer International GmbH - Germany
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
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- Neyveli Lignite Corporation Ltd, - India
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- Jaiprakash Power Ventures ltd
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- Altura Mining Limited, Indonesia
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- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
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- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Jorong Barutama Greston.PT - Indonesia
- Coal and Oil Company - UAE
- Chamber of Mines of South Africa
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- London Commodity Brokers - England
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
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- Medco Energi Mining Internasional
- Makarim & Taira - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
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- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- Ministry of Transport, Egypt
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Energy Link Ltd, New Zealand
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Sical Logistics Limited - India
- Energy Development Corp, Philippines
- Ambuja Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
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- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- The Treasury - Australian Government
- Bhoruka Overseas - Indonesia
- European Bulk Services B.V. - Netherlands
- PowerSource Philippines DevCo
- Australian Coal Association
- VISA Power Limited - India
- Economic Council, Georgia
- Carbofer General Trading SA - India
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- Parliament of New Zealand
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Uttam Galva Steels Limited - India
- Mintek Dendrill Indonesia
- Oldendorff Carriers - Singapore
- Bhushan Steel Limited - India
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- Coastal Gujarat Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Price Waterhouse Coopers - Russia
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- Indika Energy - Indonesia
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- Samtan Co., Ltd - South Korea
- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
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- Anglo American - United Kingdom
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