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Wednesday, 18 November 09
THAI PTT PLANS COAL MINE INVESTMENT IN INDONESIA
* To conclude Indonesian coal mine buy in 6 months
* Sees coal output jumping to 20 mln tonnes in five years
Reuters reported that, PTT , Thailand's biggest energy firm, said on Wednesday it would conclude a plan to invest in coal mines in Indonesia over the next six months.
"We are in talks on the coal mine investment. It will be a joint investment to help our expansion," Chitrapongse Kwangsukstith, chairman of PTT International, told reporters.
PTT International, PTT's wholly owned overseas investment arm, would invest with partners in a mine in Kalimantan, he said.
PTT has said it was looking to buy more coal assets in Indonesia and Australia.
The latest deal was in April when PTT spent $335 million to buy part of Australian miner Straits Resources' coal and salt assets. The deal marked PTT group's first foray into the coal business and its second investment in Australia.
Chitrapongse said he expected PTT to raise its coal output to 9 million tonnes this year from 7-8 million tonnes last year, then to 11-12 million tonnes in 2010 and at least 20 million tonnes in five years.
Under a five-year plan, PTT wanted to increase overseas revenue to 20 percent of group revenue from around 10 percent now, PTT finance executive Tevin Vongvanick said.
PTT, Thailand's biggest listed company with a market value of $20 billion, runs Thailand's gas pipeline monopoly and controls more than 30 petroleum, gas exploration, petrochemical and refinery businesses.
At the midday break, PTT shares were up 0.4 percent at 240 baht while the main Thai stock index was down 0.4 percent.
Source: Reuters
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Thursday, 22 October 09
2ND UNITED INDONESIA CABINET UNVEILED
The Jakarta Post reported that, President Susilo Bambang Yudhoyono announced his second United Indonesia Cabinet on Wednesday night, comprising 34 m ...
Thursday, 22 October 09
PEABODY SET TO TAP ASIAN DEMAND FOR COAL
The Australian reported that, US coal giant Peabody Energy plans to double its Queensland and NSW coal exports in the next five years, as it looks t ...
Wednesday, 21 October 09
INDONESIA POWER FIRM SEEKS TO DEFER COAL SUPPLIES
Reuters reported that, Indonesia's state power firm is negotiating with two coal producers, including a unit of PT Bumi Resources Tbk, to defer a c ...
Wednesday, 21 October 09
MINING REGULATION GENERATES CONFUSION IN INDONESIA
The Jakarta Globe reported that, Mining industry representatives said on Friday they were confused by a recently issued regulation restricting the w ...
Wednesday, 21 October 09
LAW ACCOMMODATES NATIONAL AND INVESTOR INTERESTS
COALspot.com (Indonesia): According to ESDM, the government has issued five Lawson the energy and mineral resources sector. These laws will prioriti ...
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- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
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- Samtan Co., Ltd - South Korea
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- GAC Shipping (India) Pvt Ltd
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
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- SMG Consultants - Indonesia
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- IEA Clean Coal Centre - UK
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- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- PTC India Limited - India
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- Agrawal Coal Company - India
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- The State Trading Corporation of India Ltd
- Straits Asia Resources Limited - Singapore
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Posco Energy - South Korea
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
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- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
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- Indian Oil Corporation Limited
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- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
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- Rashtriya Ispat Nigam Limited - India
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- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Standard Chartered Bank - UAE
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- GVK Power & Infra Limited - India
- Trasteel International SA, Italy
- Semirara Mining Corp, Philippines
- The University of Queensland
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- London Commodity Brokers - England
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- TNB Fuel Sdn Bhd - Malaysia
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Port Waratah Coal Services - Australia
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhatia International Limited - India
- CNBM International Corporation - China
- Renaissance Capital - South Africa
- Pendopo Energi Batubara - Indonesia
- Cigading International Bulk Terminal - Indonesia
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- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Sinarmas Energy and Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Ministry of Mines - Canada
- Latin American Coal - Colombia
- Vedanta Resources Plc - India
- Miang Besar Coal Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
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- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Grasim Industreis Ltd - India
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
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- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Jindal Steel & Power Ltd - India
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- Central Electricity Authority - India
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- IHS Mccloskey Coal Group - USA
- India Bulls Power Limited - India
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
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- Ind-Barath Power Infra Limited - India
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- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- Wood Mackenzie - Singapore
- Bukit Makmur.PT - Indonesia
- Electricity Generating Authority of Thailand
- ASAPP Information Group - India
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
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- Sindya Power Generating Company Private Ltd
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- Australian Commodity Traders Exchange
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- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Anglo American - United Kingdom
- Indika Energy - Indonesia
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
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- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- Metalloyd Limited - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- ICICI Bank Limited - India
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
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- Mintek Dendrill Indonesia
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- Bhushan Steel Limited - India
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- Independent Power Producers Association of India
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
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- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
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