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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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Wednesday, 03 February 10
RECOVERY IN INDONESIAN MINING SECTOR EXPECTED TO BOOST SALES, UNITED TRACTORS SAYS
PT United Tractors, the country’s biggest supplier of heavy equipment, said on Tuesday that it expected sales to increase 15 percent this year ...
Tuesday, 02 February 10
THAI BANPU SAYS HIGHER COSTS TO HIT COAL PROFITS
Thailand's top coal miner, expects profits from its coal business in 2010 to be lower than last year due to higher costs, but its chief executive i ...
Monday, 01 February 10
CIL PLANS TO INVEST IN OVERSEAS COAL MINES
Over the next 10 years, CIL expects to import from these mines at least 500 million tonnes of thermal coal, a variety used by power plants
The bo ...
Sunday, 31 January 10
AUSTRALIA NEWCASTLE THERMAL COAL FALLS 0.7 PERCENT TO $ 98.53
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 0.7 percent, falling for the first time in four weeks. ...
Sunday, 31 January 10
NTPC TO IMPORT COAL
NTPC Ltd plans to import coal directly, starting next fiscal.
“We plan to import 15-16 million tonnes of coal directly from next year,&rdqu ...
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- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- Siam City Cement PLC, Thailand
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- SN Aboitiz Power Inc, Philippines
- The Treasury - Australian Government
- Thiess Contractors Indonesia
- Indian Oil Corporation Limited
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Siam City Cement - Thailand
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- Central Java Power - Indonesia
- Vizag Seaport Private Limited - India
- Global Business Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Planning Commission, India
- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- Georgia Ports Authority, United States
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Australian Coal Association
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Indika Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Indian Energy Exchange, India
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- Sojitz Corporation - Japan
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- Mercator Lines Limited - India
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- Ind-Barath Power Infra Limited - India
- Mercuria Energy - Indonesia
- Interocean Group of Companies - India
- Ministry of Transport, Egypt
- Sree Jayajothi Cements Limited - India
- The State Trading Corporation of India Ltd
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- The University of Queensland
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Sical Logistics Limited - India
- SMG Consultants - Indonesia
- Krishnapatnam Port Company Ltd. - India
- San Jose City I Power Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- Electricity Authority, New Zealand
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Star Paper Mills Limited - India
- Anglo American - United Kingdom
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Singapore Mercantile Exchange
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- India Bulls Power Limited - India
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- Sakthi Sugars Limited - India
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Cigading International Bulk Terminal - Indonesia
- Makarim & Taira - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Wood Mackenzie - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Central Electricity Authority - India
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Port Waratah Coal Services - Australia
- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- Malabar Cements Ltd - India
- New Zealand Coal & Carbon
- Jorong Barutama Greston.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Agrawal Coal Company - India
- London Commodity Brokers - England
- ICICI Bank Limited - India
- Borneo Indobara - Indonesia
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Chamber of Mines of South Africa
- Directorate General of MIneral and Coal - Indonesia
- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- Posco Energy - South Korea
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
- Orica Mining Services - Indonesia
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Mines - Canada
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- Energy Development Corp, Philippines
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Globalindo Alam Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- Bukit Makmur.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- Samtan Co., Ltd - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
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