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Wednesday, 12 May 10
BANPU'S Q1 PROFIT SLIDES 43% TO B2.71BN - BANGKOK POST
 The Bangkokpost reported that, Banpu Plc posted a first-quarter net profit of 2.71 billion baht, down by 43% from the same period last year.
The company, Asean's largest coal miner, blamed the worse-than-expected results on a drop in coal prices, higher fuel costs and the baht's appreciation over the past year.
CEO Chanin Vongkusolkit said the decline in net profit for the quarter ending in March reflected a lower-than-expected average selling price of US$66.27 per tonne, down by 21% from $84.20 a year earlier.
The fall in price was triggered by a poorer market environment in mid-2009, when the company's coal contracts for this quarter were priced.
In line with coal's price volatility, Mr Chanin said Banpu would maintain its yearly sales target at 57 million baht, as in 2009, even though its coal production is targeted to rise to 23 million tonnes from 21 million tonnes last year.
"We target an average selling price of between $65 and $70 per tonne," said Mr Chanin.
But net profit from the power business rose by 11% year-on-year to 1.26 billion baht in the first quarter, thanks to a significant improvement in the company's power operations led by the BLCP Power plant, which resumed operation after an annual shutdown for maintenance late last year.
Despite lower profit, Banpu's total sales rose by 12% year-on-year to 15.2 billion baht, with coal operations providing 89% and the power business 11%.Coal sales were driven by an expansion in Indonesian coal mines in 2009. The company operates five coal mines in Indonesia and has equity in coal and combined-heat power plants in China.
Banpu's Chinese coal business performed well, with sales up 100% from the previous quarter to 1 billion baht, but down 8% year-on-year, he added.
The company recently acquired 14.9% of Sydney-based Centennial Coal Co, a mining company in Australia valued by analysts at about 8.3 billion baht.
Mr Chanin described the investment as a strategic move that takes into account a new tariff for coal mining introduced by Australia's government on environmental grounds.
"Australia is still the major coal exporting country with an advanced, transparent regulatory framework. The investment in Australia fits in well with Banpu's portfolio on top of our coal operations in Indonesia and China," he said.
Despite its lower net income, analysts expect Banpu's second-quarter earnings to improve from the first quarter as stronger demand raises coal sales.
BLCP's contribution should also gain from higher power demand in line with record demand this year. The investment in Centennial should contribute dividend income to Banpu of about 170-200 million baht a year, or about 1.2% to 1.4% of net profit in 2010.
Shares of Banpu closed yesterday on the SET at 626 baht, down by 12 baht, in trade worth 1.4 billion baht.
Source: Bangkokpost (By:Yuthana Praiwan )
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Monday, 30 August 10
DRY BULK MARKET STABILIZES, ALBEIT AT A FALLING NOTE
The dry bulk market’s leading benchmark, the Baltic Dry Index (BDI) ended the week at 2712 points, a marginal weekly loss of 1.6% or 44 points ...
Saturday, 28 August 10
THE FUTURES FOR THREE YEARS (2010-2012) WAS FIRM FOR CAPE AND PANAMAX VESSELS - VISTAAR
COALspot.com: The freight market appeared to be heading for correction with the indices coming off during later part of the week. The BDI closed 44 ...
Saturday, 28 August 10
KRISHNAPATNAM PORT SETS AN ALL INDIA COAL DISCHARGE RECORD
COALspot.com: Krishnapatnam Port has established all new record for coal discharged in India using the conventional system of coal unloading for por ...
Friday, 27 August 10
PAKISTAN WILL IMPORT 8 TO 10 PERCENT MORE COAL IN 2011
COALspot.com: Pakistan to import 4 million ton of coal in 2011 up by 8-10 percent compare to this year’s imports. "Pakistan's tota ...
Thursday, 26 August 10
CHARTERERS SWITCHING FROM PANAMAX TO CAPE STEMS DUE TO CAPE FALL
Handy
The activity picked up in the Atlantic with more enquiries seen for short period tonnage for end August/beg September - As the grain season ...
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- Grasim Industreis Ltd - India
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- Riau Bara Harum - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- Ceylon Electricity Board - Sri Lanka
- Sree Jayajothi Cements Limited - India
- The Treasury - Australian Government
- Deloitte Consulting - India
- Latin American Coal - Colombia
- Salva Resources Pvt Ltd - India
- Dalmia Cement Bharat India
- Commonwealth Bank - Australia
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- Planning Commission, India
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- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
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- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- Straits Asia Resources Limited - Singapore
- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Parliament of New Zealand
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- Makarim & Taira - Indonesia
- The University of Queensland
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
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- Toyota Tsusho Corporation, Japan
- Uttam Galva Steels Limited - India
- London Commodity Brokers - England
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Sarangani Energy Corporation, Philippines
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
- Bhushan Steel Limited - India
- PTC India Limited - India
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- India Bulls Power Limited - India
- OPG Power Generation Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Xindia Steels Limited - India
- Antam Resourcindo - Indonesia
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- Jaiprakash Power Ventures ltd
- Gujarat Electricity Regulatory Commission - India
- Indo Tambangraya Megah - Indonesia
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Binh Thuan Hamico - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- Karaikal Port Pvt Ltd - India
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- Coastal Gujarat Power Limited - India
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- South Luzon Thermal Energy Corporation
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Australian Commodity Traders Exchange
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- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- MS Steel International - UAE
- Global Green Power PLC Corporation, Philippines
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- European Bulk Services B.V. - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
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- Larsen & Toubro Limited - India
- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Indonesian Coal Mining Association
- Bukit Asam (Persero) Tbk - Indonesia
- Posco Energy - South Korea
- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
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- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Australian Coal Association
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Romanian Commodities Exchange
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Global Business Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- Sinarmas Energy and Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- AsiaOL BioFuels Corp., Philippines
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- CNBM International Corporation - China
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
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