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.
|
|
Thursday, 01 April 10
PROFIT AT TWO INDONESIAN COAL MINERS SOARS AS RECOVERY STIRS GREATER DEMAND, HIGHER PRICES - THE JAKARTA GLOBE
The Jakarta Globe reported that, Two of the country’s biggest coal producers enjoyed a surge in profit last year as prices rose and demand pic ...
Thursday, 01 April 10
BHP BILLITON TO SELL STAKE IN MARUWAI TO ADARO - THE JAKARTA POST
The Jakarta Posted reported that, BHP Billiton has agreed to sell 25 percent of its stake in the Maruwai Coal Project in Kalimantan to Indonesia&rsq ...
Thursday, 01 April 10
AUSTRALIAN COAL PRODUCER REJECTS $3 BILLION PEABODY OFFER - STL TODAY
STL today reported that, Australian coal producer Macarthur Coal Ltd. rejected a $3 billion cash takeover bid from Peabody Energy Corp., which seeks ...
Thursday, 01 April 10
TATA POWER EYES MORE COAL FROM INDONESIA FOR ITS FUTURE PLANTS - FINANCIAL EXPRESS
Financial Expressreported that, Tata Power, one of the largest private sector power utilities in the country with interests in generation, transmiss ...
Wednesday, 31 March 10
COAL INDIA MULLS JOINT VENTURE WITH RIO TINTO AND PEABODY - DNA
DNA reported that, Coal India Ltd. (CIL) has finalised two key contenders for its international joint venture (JV) in Australian and US each. The co ...
|
|
|
Showing 5906 to 5910 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Bahari Cakrawala Sebuku - Indonesia
- Carbofer General Trading SA - India
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Latin American Coal - Colombia
- Iligan Light & Power Inc, Philippines
- Attock Cement Pakistan Limited
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Thai Mozambique Logistica
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- International Coal Ventures Pvt Ltd - India
- Ministry of Transport, Egypt
- The University of Queensland
- Bharathi Cement Corporation - India
- Binh Thuan Hamico - Vietnam
- Bayan Resources Tbk. - Indonesia
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- Bhatia International Limited - India
- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- GVK Power & Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- Sinarmas Energy and Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- Savvy Resources Ltd - HongKong
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- Romanian Commodities Exchange
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- CNBM International Corporation - China
- White Energy Company Limited
- Karbindo Abesyapradhi - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Vedanta Resources Plc - India
- Borneo Indobara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Gujarat Sidhee Cement - India
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Rio Tinto Coal - Australia
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- Indo Tambangraya Megah - Indonesia
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- Bhoruka Overseas - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- Uttam Galva Steels Limited - India
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Parliament of New Zealand
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- ASAPP Information Group - India
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- Miang Besar Coal Terminal - Indonesia
- Bangladesh Power Developement Board
- Kumho Petrochemical, South Korea
- Karaikal Port Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Deloitte Consulting - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Agrawal Coal Company - India
- Bhushan Steel Limited - India
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Mercator Lines Limited - India
- The Treasury - Australian Government
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Port Waratah Coal Services - Australia
- Wilmar Investment Holdings
- Madhucon Powers Ltd - India
- Central Java Power - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Africa Commodities Group - South Africa
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Trasteel International SA, Italy
- Kaltim Prima Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Star Paper Mills Limited - India
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Mjunction Services Limited - India
- Meralco Power Generation, Philippines
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Dalmia Cement Bharat India
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- Independent Power Producers Association of India
- Simpson Spence & Young - Indonesia
- Siam City Cement - Thailand
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Renaissance Capital - South Africa
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- Makarim & Taira - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- Australian Coal Association
- Goldman Sachs - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- MS Steel International - UAE
|
| |
| |
|
