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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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Thursday, 11 February 10
THE INDIAN MARKET SOFTENING A BIT - FEARNRESEARCH
Handy
The BSI has gone down for 3 weeks now but it is more a reflection of the Pac market. Activity in the Atl remains solid and rates remain firm ...
Thursday, 11 February 10
SOUTH AFRICA COAL EXPORTS DROP TO INDIA, CHINA
South African coal exports to India from Richards Bay Coal Terminal fell 39% in January from December's levels while shipments to China dropped 55% ...
Thursday, 11 February 10
JSW STEEL IS CLOSE TO ACQUIRING TWO COAL MINES IN THE US
“We are in advanced stages of negotiation and the deal will be completed in a month or two,” a company official told DNA Money on the co ...
Wednesday, 10 February 10
BHP TAKES MARUWAI SALE OFF THE TABLE, MINISTRY SAYS
Australian mining giant BHP Billiton may cancel a plan to sell a stake in its coal mining project in Maruwai, East Kalimantan, an official at the En ...
Wednesday, 10 February 10
JPMORGAN FORECASTS A 5.7% GROWTH IN SEABORNE IRON ORE SHIPMENTS, 3.8% FOR COAL AND GRAIN THIS YEAR
This year volumes of iron ore transportation by sea may grow to 5.7%, coal and grain up 3.8% over numbers in 2009, Ukrrudprom reports citing analyst ...
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- White Energy Company Limited
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- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Sakthi Sugars Limited - India
- Africa Commodities Group - South Africa
- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- Timah Investasi Mineral - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- Videocon Industries ltd - India
- Independent Power Producers Association of India
- Bhatia International Limited - India
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- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
- Price Waterhouse Coopers - Russia
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Parliament of New Zealand
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- Pipit Mutiara Jaya. PT, Indonesia
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Merrill Lynch Commodities Europe
- Sindya Power Generating Company Private Ltd
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- Petron Corporation, Philippines
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- Energy Development Corp, Philippines
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
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- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
- Maharashtra Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Central Electricity Authority - India
- Thiess Contractors Indonesia
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Coal and Oil Company - UAE
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- Barasentosa Lestari - Indonesia
- Vedanta Resources Plc - India
- Dalmia Cement Bharat India
- Thai Mozambique Logistica
- Singapore Mercantile Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Heidelberg Cement - Germany
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- Bhoruka Overseas - Indonesia
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
- Binh Thuan Hamico - Vietnam
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- Tamil Nadu electricity Board
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Altura Mining Limited, Indonesia
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- India Bulls Power Limited - India
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- London Commodity Brokers - England
- Directorate Of Revenue Intelligence - India
- Metalloyd Limited - United Kingdom
- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Cement Manufacturers Association - India
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- Bhushan Steel Limited - India
- CNBM International Corporation - China
- Indonesian Coal Mining Association
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- Star Paper Mills Limited - India
- Siam City Cement PLC, Thailand
- Pendopo Energi Batubara - Indonesia
- Trasteel International SA, Italy
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- Ministry of Finance - Indonesia
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- Planning Commission, India
- Orica Mining Services - Indonesia
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Vizag Seaport Private Limited - India
- Australian Coal Association
- Gujarat Sidhee Cement - India
- Attock Cement Pakistan Limited
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Meralco Power Generation, Philippines
- GMR Energy Limited - India
- Semirara Mining Corp, Philippines
- South Luzon Thermal Energy Corporation
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- Iligan Light & Power Inc, Philippines
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
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