We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 29 October 09
PTC INDIA UNIT CHASES 2.5 MTPA INDONESIAN COAL
Reuters reported that, PTC Energy is in talks with an Indonesian firm to source 2.5 million tonnes per annum (MTPA) coal for its 350-400 MW power to ...
Thursday, 29 October 09
CHINA MAY SEEK THERMAL COAL ELSEWHERE IF AUSTRALIAN EXPORT COSTS RISE, SAYS REPORT
The Australian reported that, CHINA is likely to turn to alternative markets for thermal coal if the cost and availability of Australia's exports a ...
Thursday, 29 October 09
CURRENCIES, ASIA DEMAND TO LIFT EUROPE COAL PRICE
Supportive currency movements and strong Asian demand mean the price of coal delivered into Europe is poised to rise more than 30 percent to above $ ...
Wednesday, 28 October 09
AUSTRALIAN POWER STATION COAL PRICE TOPPED USD 73 A TONNE
Reuters reported that prices of power station coal in Australia, a benchmark for Asia, crept up for the fourth week and topped USD 73 a tonne, as a ...
Wednesday, 28 October 09
MIDDLE EAST COAL EYEING INDIAN POWER PLANTS IN EXCHANGE FOR LONG TERM COAL SUPPLY
Reuters reported that UAE's Middle East Coal is in talks to buy equity stakes in India's power plants in exchange for long term coal supply.
ME ...
|
|
|
Showing 6296 to 6300 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- Sarangani Energy Corporation, Philippines
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- Baramulti Group, Indonesia
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Australian Coal Association
- Interocean Group of Companies - India
- Marubeni Corporation - India
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Kapuas Tunggal Persada - Indonesia
- Latin American Coal - Colombia
- Cigading International Bulk Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- The University of Queensland
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Kumho Petrochemical, South Korea
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- Independent Power Producers Association of India
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
- India Bulls Power Limited - India
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Simpson Spence & Young - Indonesia
- PTC India Limited - India
- Mjunction Services Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- Posco Energy - South Korea
- Indian Oil Corporation Limited
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
- SMG Consultants - Indonesia
- Orica Australia Pty. Ltd.
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- Coalindo Energy - Indonesia
- Sakthi Sugars Limited - India
- Siam City Cement - Thailand
- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- Attock Cement Pakistan Limited
- Heidelberg Cement - Germany
- GMR Energy Limited - India
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- MS Steel International - UAE
- Antam Resourcindo - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- Samtan Co., Ltd - South Korea
- European Bulk Services B.V. - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Merrill Lynch Commodities Europe
- Borneo Indobara - Indonesia
- Intertek Mineral Services - Indonesia
- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- Eastern Coal Council - USA
- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- Semirara Mining and Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Bangladesh Power Developement Board
- PNOC Exploration Corporation - Philippines
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- LBH Netherlands Bv - Netherlands
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Goldman Sachs - Singapore
- Vizag Seaport Private Limited - India
- Meralco Power Generation, Philippines
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Uttam Galva Steels Limited - India
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
|
| |
| |
|
