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Thursday, 04 February 10
PTT EYES OVERSEAS COAL
 Revenue could reachUS$600 million a year
PTT Plc, Thailand's largest energy company, aims to raise the annual revenue from its overseas coal business to US$500-600 million by 2014.
Prospects for local business growth have dimmed due to environmental concerns, said Chitrapongse Kwangsukstith, acting president of PTT International.
The group has explored business opportunities in Madagascar and Brunei in addition to existing coal operations in Indonesia, he said.
The company has secured syndicated loans worth $380 million with Siam Commercial Bank, Krung Thai Bank, Bangkok Bank and Standard Chartered Bank to expand coal production in Indonesia.
Part of the loan will be used to refinance current debt to extend maturities to more than 10 years and reduce interest costs, he said.
"We are going to expand production in Indonesia to 11-12 million tonnes this year, up from last year's 9 million, and ramp up to 20 million tonnes in the next five years," he said.
Indonesian coal will be exported to Japan, Hong Kong and China, he said.
| "We are going to expand production in Indonesia to 11-12 million tons this year and ramp up to 20 million tons in the next five years" - Chitrapongse Kwangsukstith |
Investment in Indonesia will be made through Straits Asia Resources (SAR), of which the Singapore-listed parent is majority-owned by PTT Asia Pacific (PTTAPM). More than 60% controlled by PTT, PTTAPM has been granted a licence and is in the early exploration process for coal mines in Brunei and Madagascar.
"Currently, coal ventures generate a few million dollars of revenue a year. We are targeting net revenue for PTT of about $500-600 million annually, making coal one of PTT's core businesses, probably in the next five years," Mr Chitrapongse said.
"It is a shame that we cannot expand in Thailand because of the unresolved [Map Ta Phut legal] issue, so we are going to seek more business opportunities abroad."
PTT has 18 projects worth 93.5 billion baht, including its 28-billion-baht sixth gas-separation plant, among 64 projects in Map Ta Phut ordered by a court to suspend operations.
Analysts say that the coal business can generate better income for PTT than oil, given higher world reserves and rising demand. Globally, coal trade volume is expected to grow 3.2% this year, compared with a 1.2% increase in 2009, according to UOB Kay Hian.
Prices of thermal coal have also soared from an average of $72 per tonne last year to $99 at present, due to cold weather, it said.
The brokerage estimated that PTT's net profit in the final quarter of 2009 would be lower than in the third quarter, due mainly to lower earnings of PTT Exploration and Production. Refinery subsidiaries, such as Thai Oil Plc and PTT Aromatics and Refining Plc, are also expected to report weaker results from lower margins.
Shares of PTT closed yesterday on the SET at 225 baht, up six baht, in trade worth 1.29 billion baht.
Source: Bangkok Post
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Wednesday, 03 February 10
RECOVERY IN INDONESIAN MINING SECTOR EXPECTED TO BOOST SALES, UNITED TRACTORS SAYS
PT United Tractors, the country’s biggest supplier of heavy equipment, said on Tuesday that it expected sales to increase 15 percent this year ...
Tuesday, 02 February 10
THAI BANPU SAYS HIGHER COSTS TO HIT COAL PROFITS
Thailand's top coal miner, expects profits from its coal business in 2010 to be lower than last year due to higher costs, but its chief executive i ...
Monday, 01 February 10
CIL PLANS TO INVEST IN OVERSEAS COAL MINES
Over the next 10 years, CIL expects to import from these mines at least 500 million tonnes of thermal coal, a variety used by power plants
The bo ...
Sunday, 31 January 10
AUSTRALIA NEWCASTLE THERMAL COAL FALLS 0.7 PERCENT TO $ 98.53
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 0.7 percent, falling for the first time in four weeks. ...
Sunday, 31 January 10
NTPC TO IMPORT COAL
NTPC Ltd plans to import coal directly, starting next fiscal.
“We plan to import 15-16 million tonnes of coal directly from next year,&rdqu ...
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- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- Indo Tambangraya Megah - Indonesia
- Heidelberg Cement - Germany
- Kohat Cement Company Ltd. - Pakistan
- Anglo American - United Kingdom
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- Renaissance Capital - South Africa
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Ambuja Cements Ltd - India
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- Ministry of Mines - Canada
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- Indian Oil Corporation Limited
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Coalindo Energy - Indonesia
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Pipit Mutiara Jaya. PT, Indonesia
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- Grasim Industreis Ltd - India
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- Asmin Koalindo Tuhup - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- SMC Global Power, Philippines
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- Central Electricity Authority - India
- Minerals Council of Australia
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- Australian Coal Association
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- The University of Queensland
- Xindia Steels Limited - India
- Iligan Light & Power Inc, Philippines
- VISA Power Limited - India
- SMG Consultants - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- Therma Luzon, Inc, Philippines
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- White Energy Company Limited
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- Borneo Indobara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Pendopo Energi Batubara - Indonesia
- IEA Clean Coal Centre - UK
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
- Aditya Birla Group - India
- Latin American Coal - Colombia
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- Electricity Generating Authority of Thailand
- Bukit Baiduri Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Salva Resources Pvt Ltd - India
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Tamil Nadu electricity Board
- IHS Mccloskey Coal Group - USA
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- Georgia Ports Authority, United States
- Bangladesh Power Developement Board
- Bhoruka Overseas - Indonesia
- Jaiprakash Power Ventures ltd
- Maharashtra Electricity Regulatory Commission - India
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- ASAPP Information Group - India
- Edison Trading Spa - Italy
- Simpson Spence & Young - Indonesia
- Manunggal Multi Energi - Indonesia
- GMR Energy Limited - India
- Independent Power Producers Association of India
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Meenaskhi Energy Private Limited - India
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Mjunction Services Limited - India
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- Coal and Oil Company - UAE
- Mercator Lines Limited - India
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- MS Steel International - UAE
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Bhatia International Limited - India
- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
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