We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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 )
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 28 June 10
REVISIONS SHOULD AIM MINERAL AND COAL LAW
VIVAnews reported that, the Consortium of Mineral, Coal and Geothermal-Producing Regional Governments (Minerbapabum) is asking the government to per ...
Monday, 28 June 10
MEC TO INK COAL-EQUITY SWAP DEALS WITH POWER PROJECTS
Business Line reported that, First it was power producers moving to pick up stakes in coal mining projects to ensure the raw material supplies.
N ...
Monday, 28 June 10
COLOMBIA WILL LIKELY EXPORT 80 MILLION TONNES OF COAL IN 2010
Best Colombia reported that, Mr Hernan Martinez energy and mines minister of Colombia told reporters that Colombia will likely export 80 million ton ...
Monday, 28 June 10
WESFARMERS' SEPT QTR COAL PRICE UP 11% - SMH
SMH reported that, Wesfarmers Ltd says it expects a 11 per cent increase in prices for metallurgical coal from its Curragh mine in Queensland in the ...
Saturday, 26 June 10
THE SUPRAMAX INDEX FOR S6 ROUTE WAS UP BY US$ 1091 PER DAY OR 5.7 PERCENT D-O-D -- VISTAAR
COALspot.com: The market appears to be steadying with all indices almost stabilizing and the drop much less than last two weeks.
The BDI softened ...
|
|
|
Showing 5756 to 5760 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- AsiaOL BioFuels Corp., Philippines
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Parry Sugars Refinery, India
- Renaissance Capital - South Africa
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- Goldman Sachs - Singapore
- Minerals Council of Australia
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- Gujarat Mineral Development Corp Ltd - India
- VISA Power Limited - India
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Banpu Public Company Limited - Thailand
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indika Energy - Indonesia
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Coal and Oil Company - UAE
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parliament of New Zealand
- Savvy Resources Ltd - HongKong
- Grasim Industreis Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- MS Steel International - UAE
- Cement Manufacturers Association - India
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- South Luzon Thermal Energy Corporation
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- CNBM International Corporation - China
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kumho Petrochemical, South Korea
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- Coalindo Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- Petrochimia International Co. Ltd.- Taiwan
- Cigading International Bulk Terminal - Indonesia
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- Borneo Indobara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- Interocean Group of Companies - India
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- Ceylon Electricity Board - Sri Lanka
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Star Paper Mills Limited - India
- Electricity Generating Authority of Thailand
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- Kapuas Tunggal Persada - Indonesia
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- Deloitte Consulting - India
- Xindia Steels Limited - India
- The Treasury - Australian Government
- Essar Steel Hazira Ltd - India
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- Meralco Power Generation, Philippines
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- White Energy Company Limited
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Videocon Industries ltd - India
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- TeaM Sual Corporation - Philippines
- Attock Cement Pakistan Limited
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- Salva Resources Pvt Ltd - India
|
| |
| |
|
