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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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Tuesday, 23 February 10
UAE COMPANY TO ACQUIRE CONTROL OF ALLBOND MAKMUR
The Jakarta globe reported that, Renuka Energy Resources Holding, based in the United Arab Emirates, has signed an agreement to acquire 80 percent o ...
Tuesday, 23 February 10
CIL SHORTLISTS 24 FOREIGN COS FOR JV
India's Economic Times reported that, Coal India has shortlisted 24 foreign firms — six each from the US, Australia, South Africa and Indones ...
Saturday, 20 February 10
THE FREIGHT MARKET CONTINUED TO BE SOFT THIS WEEK - CAPT. REDDY
COALspot.com: The freight market continued to be soft this week as still affect of Chinese new year holidays continue. However the index overall had ...
Friday, 19 February 10
MAKING THE JOINT COOPERATION OF PRIVATE GOVERNMENT IN INDONESIA
COALspot.com - Press Release
1. Revision of the presidential decree 67/2005 has been signed by the President on January 28, 2010 with the public ...
Thursday, 18 February 10
THE INDIAN MARKET IS FIRMING A BIT, DUE TO LACK OF TONNAGE IN THE REGION
HANDY
The BSI still decline as holidays around the world have reduced trading.
...
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- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Indian Energy Exchange, India
- Bangladesh Power Developement Board
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- Karaikal Port Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- The Treasury - Australian Government
- Krishnapatnam Port Company Ltd. - India
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Toyota Tsusho Corporation, Japan
- Africa Commodities Group - South Africa
- Interocean Group of Companies - India
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- The University of Queensland
- Orica Australia Pty. Ltd.
- Kartika Selabumi Mining - Indonesia
- Trasteel International SA, Italy
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Latin American Coal - Colombia
- Gujarat Mineral Development Corp Ltd - India
- Directorate Of Revenue Intelligence - India
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- CNBM International Corporation - China
- TeaM Sual Corporation - Philippines
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- Vizag Seaport Private Limited - India
- Commonwealth Bank - Australia
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Thai Mozambique Logistica
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- Banpu Public Company Limited - Thailand
- London Commodity Brokers - England
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- PTC India Limited - India
- Australian Commodity Traders Exchange
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Carbofer General Trading SA - India
- Sarangani Energy Corporation, Philippines
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Intertek Mineral Services - Indonesia
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Sinarmas Energy and Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Planning Commission, India
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Minerals Council of Australia
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- Antam Resourcindo - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Borneo Indobara - Indonesia
- White Energy Company Limited
- Tata Chemicals Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Kalimantan Lumbung Energi - Indonesia
- Ambuja Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Romanian Commodities Exchange
- Dalmia Cement Bharat India
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- Metalloyd Limited - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Sical Logistics Limited - India
- Price Waterhouse Coopers - Russia
- Lanco Infratech Ltd - India
- Orica Mining Services - Indonesia
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Tamil Nadu electricity Board
- Alfred C Toepfer International GmbH - Germany
- Bulk Trading Sa - Switzerland
- Attock Cement Pakistan Limited
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Binh Thuan Hamico - Vietnam
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Georgia Ports Authority, United States
- VISA Power Limited - India
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Straits Asia Resources Limited - Singapore
- Maheswari Brothers Coal Limited - India
- Kepco SPC Power Corporation, Philippines
- Marubeni Corporation - India
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Petron Corporation, Philippines
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
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