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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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Saturday, 07 November 09
THE STEAM COAL MOVEMENT FROM INDONESIA TO INDIA REMAINED QUITE STRONG - CAPT. REDDY
COALspot.com (Singapore): The BDI continued rising this week and was up by 290 points up by almost 9 pct and the index closed at 3,393 points.
B ...
Friday, 06 November 09
COAL INDIA ABANDONS PLAN TO BUY ASSET IN AUSTRALIA
Coal India’s efforts to acquire a mid-sized virgin thermal coal block from a private party in Australia have drawn a blank.
The effort was ...
Friday, 06 November 09
NEW ASSETS WILL INCREASE COKING AND THERMAL COAL PRODUCTION
Coal and metals processing company Coal of Africa Limited (CoAL) aims to produce 10-million tons a year of coking coal and two-million tons a year o ...
Friday, 06 November 09
NTPC TO APPOINT MERCHANT BANKER FOR S AFRICA COAL MINE
State-run power producer NTPC, which is eyeing coal mines in South Africa to meet the gap in domestic fuel supply, will appoint a merchant banker ne ...
Thursday, 05 November 09
MERCATOR LINES AIMS TO BECOME A $5 BILLION COMPANY
Mercator Lines, India’s second largest private sector shipping line, plans to invest and expand, riding India’s next wave of growth, the ...
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- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
- Malabar Cements Ltd - India
- Deloitte Consulting - India
- Energy Development Corp, Philippines
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- Xindia Steels Limited - India
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- Eastern Energy - Thailand
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- Carbofer General Trading SA - India
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- Cigading International Bulk Terminal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Coalindo Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aditya Birla Group - India
- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
- Ceylon Electricity Board - Sri Lanka
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- Miang Besar Coal Terminal - Indonesia
- Sakthi Sugars Limited - India
- Barasentosa Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Economic Council, Georgia
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Kohat Cement Company Ltd. - Pakistan
- Asmin Koalindo Tuhup - Indonesia
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- Dalmia Cement Bharat India
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Global Business Power Corporation, Philippines
- Thai Mozambique Logistica
- ICICI Bank Limited - India
- Aboitiz Power Corporation - Philippines
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- South Luzon Thermal Energy Corporation
- Latin American Coal - Colombia
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- Borneo Indobara - Indonesia
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Independent Power Producers Association of India
- Central Java Power - Indonesia
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- Uttam Galva Steels Limited - India
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- Posco Energy - South Korea
- Interocean Group of Companies - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Planning Commission, India
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Siam City Cement - Thailand
- Orica Australia Pty. Ltd.
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- Goldman Sachs - Singapore
- VISA Power Limited - India
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- Bukit Baiduri Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Vizag Seaport Private Limited - India
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sojitz Corporation - Japan
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