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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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Sunday, 16 May 10
INDIKA ENERGY & COAL ASSETS EXPANSION
Insider stories reported that, PT Indika Energy Tbk (INDY) has three portfolio coal assets, PT Kideco Jaya Agung, coal asset in East Kalimanta ...
Saturday, 15 May 10
THE AVERAGE CHARTER HIRE FOR CAPE REACHES US$ 49,931 PER DAY - VISTAAR SINGAPORE
COALspot.com: "The freight market was extremely buoyant this week with BDI almost up by 9 pct and the market was very firm in Feast/SE Asia sec ...
Saturday, 15 May 10
DRY BULK MARKET POSTS HEALTHY WEEKLY GAINS
The dry bulk market has reached new highs this week, the second consecutive solid one, with the industry’s benchmark, the Baltic Dry Index (BD ...
Friday, 14 May 10
JSW BUYS COAL MINES IN US, PRODUCTION STARTS IN SEPT
JSW Steel on Friday said it has completed $100 million acquisition of coking coal assets in the US and will start production from September to parti ...
Friday, 14 May 10
KANGAROO RESOURCES TO ACQUIRE INDONESIAN COAL PROJECTS - PROACTIVE INVESTORS
Proactive Investors reported that, Kangaroo Resources (ASX: KRL) is preparing to complete the acquisition of its five outstanding Indonesian coal pr ...
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- Central Electricity Authority - India
- Electricity Authority, New Zealand
- Siam City Cement - Thailand
- New Zealand Coal & Carbon
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Tata Chemicals Ltd - India
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Parry Sugars Refinery, India
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- Renaissance Capital - South Africa
- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- Semirara Mining Corp, Philippines
- Indogreen Group - Indonesia
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- Cement Manufacturers Association - India
- Kumho Petrochemical, South Korea
- ICICI Bank Limited - India
- International Coal Ventures Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- Commonwealth Bank - Australia
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- Thai Mozambique Logistica
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- Bhushan Steel Limited - India
- Holcim Trading Pte Ltd - Singapore
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Ministry of Finance - Indonesia
- Gujarat Sidhee Cement - India
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- Minerals Council of Australia
- GMR Energy Limited - India
- SN Aboitiz Power Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- Anglo American - United Kingdom
- Indian Oil Corporation Limited
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- LBH Netherlands Bv - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- Bhoruka Overseas - Indonesia
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- Sojitz Corporation - Japan
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Thiess Contractors Indonesia
- Baramulti Group, Indonesia
- Eastern Energy - Thailand
- Tamil Nadu electricity Board
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Grasim Industreis Ltd - India
- Planning Commission, India
- Maheswari Brothers Coal Limited - India
- PetroVietnam Power Coal Import and Supply Company
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- Sindya Power Generating Company Private Ltd
- Vedanta Resources Plc - India
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- London Commodity Brokers - England
- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Neyveli Lignite Corporation Ltd, - India
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- The University of Queensland
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- Star Paper Mills Limited - India
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Ministry of Mines - Canada
- Sakthi Sugars Limited - India
- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Economic Council, Georgia
- Independent Power Producers Association of India
- IHS Mccloskey Coal Group - USA
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- Mercator Lines Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Posco Energy - South Korea
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- Attock Cement Pakistan Limited
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