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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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Thursday, 05 November 09
HMS BERGBAU AG OPENING INDIAN OFFICE
Further step on internationalization track Office in Mumbai Participation in demand for coal imports
HMS Bergbau AG, is an international coal tra ...
Thursday, 05 November 09
SAM'S SEAFOOD HOLDINGS MOVES STEP CLOSER TO COAL EXPLORATION IN INDONESIA
Sam’s Seafood Holdings Limited, which is proposed to be renamed Pan Asia Corporation Limited, is moving closer to becoming an exploration and ...
Wednesday, 04 November 09
INDONESIA CAP ON COAL EXPORTS MAY HIT INDIAN POWER SECTOR
BL reported that Karnataka power sector is likely to be partially impacted by the Indonesian Government move to restrict coal exports.
Private se ...
Wednesday, 04 November 09
SA 2010 COAL EXPORTS SEEN AT 65M TO 68M TONS - ANALYSTS
South Africa's thermal coal exports could rise to as high as 68 million tonnes in 2010 but are more likely to be 64-65 million compared to 60 milli ...
Wednesday, 04 November 09
BAKRIE MAY WIN BERAU COAL BID FROM ARMADIAN
The Bakrie group is likely to be selected as buyer of PT Berau Coal, the country’s fifth-largest coal producer, two people familiar with the m ...
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- SMC Global Power, Philippines
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- Riau Bara Harum - Indonesia
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- Edison Trading Spa - Italy
- Siam City Cement - Thailand
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- Deloitte Consulting - India
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- Economic Council, Georgia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- Eastern Energy - Thailand
- Chamber of Mines of South Africa
- Ambuja Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IEA Clean Coal Centre - UK
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Carbofer General Trading SA - India
- European Bulk Services B.V. - Netherlands
- Mintek Dendrill Indonesia
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- Semirara Mining and Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- SN Aboitiz Power Inc, Philippines
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- Kepco SPC Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Bulk Trading Sa - Switzerland
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
- Bharathi Cement Corporation - India
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- Mercator Lines Limited - India
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- Savvy Resources Ltd - HongKong
- Jorong Barutama Greston.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Latin American Coal - Colombia
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Georgia Ports Authority, United States
- Vedanta Resources Plc - India
- Essar Steel Hazira Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- Dalmia Cement Bharat India
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- The Treasury - Australian Government
- GN Power Mariveles Coal Plant, Philippines
- Thai Mozambique Logistica
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Heidelberg Cement - Germany
- Coastal Gujarat Power Limited - India
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Timah Investasi Mineral - Indoneisa
- Borneo Indobara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Planning Commission, India
- Toyota Tsusho Corporation, Japan
- Larsen & Toubro Limited - India
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Minerals Council of Australia
- Coal and Oil Company - UAE
- GMR Energy Limited - India
- Jindal Steel & Power Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Sree Jayajothi Cements Limited - India
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- Jaiprakash Power Ventures ltd
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- Electricity Authority, New Zealand
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
- Indika Energy - Indonesia
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
- Baramulti Group, Indonesia
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- Kumho Petrochemical, South Korea
- ICICI Bank Limited - India
- White Energy Company Limited
- Grasim Industreis Ltd - India
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
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