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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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Monday, 25 January 10
MINING GROUPS MAY SEEK JUDICIAL REVIEW OF 2009 LAW
Indonesia’s mining associations said on Wednesday that they planned to seek a judicial review of the 2009 Mining Law this year if they are una ...
Monday, 25 January 10
INDONESIAN GOVERNMENT TO ISSUE REGULATION FOR IMPLEMENTATION OF MINERAL AND COAL MINING BUSINESS ACTIVITIES LAW NO.4 / 2009 SOON
COALspot.com (Indonesia): The government regulation concerning implementation of mineral and coal mining business activities Law no.4 / 2009 is expe ...
Monday, 25 January 10
DUQM IWPP'S COAL REQUIREMENTS PROJECTED AT 3MT PER YEAR
Oman's first coal-fired Independent Water and Power Project (IWPP) planned at Duqm is envisaged to have a feedstock requirement of around 3 million ...
Monday, 25 January 10
THE FUTURES FOR CAPE, PANAMAX AND SUPRAMAX FOR THREE YEARS (2010 - 2012) WAS AT AROUND US$ 32,000, US$ 20,000 AND US$ 17,000 PER DAY RESPECTIVELY
COALspot.com ( Singapore): The freight market remained flat this week the market slight soft.
BDI INDEX
The BDI was down by 95 points and closed ...
Saturday, 23 January 10
COAL CAMARADERIE
Union coal minister Shriprakash Jaiswal feels Asian countries should join hands in developing minerals, particularly coal.
At the third Asian Min ...
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- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- Parliament of New Zealand
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- Australian Coal Association
- CIMB Investment Bank - Malaysia
- Directorate General of MIneral and Coal - Indonesia
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
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- SN Aboitiz Power Inc, Philippines
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- Price Waterhouse Coopers - Russia
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- India Bulls Power Limited - India
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- Maheswari Brothers Coal Limited - India
- Indo Tambangraya Megah - Indonesia
- New Zealand Coal & Carbon
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- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
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- Minerals Council of Australia
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- Global Coal Blending Company Limited - Australia
- Africa Commodities Group - South Africa
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- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- Independent Power Producers Association of India
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- IHS Mccloskey Coal Group - USA
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- Ministry of Finance - Indonesia
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- Agrawal Coal Company - India
- Bhoruka Overseas - Indonesia
- Standard Chartered Bank - UAE
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- Coal and Oil Company - UAE
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- Kartika Selabumi Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- Rio Tinto Coal - Australia
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
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- The State Trading Corporation of India Ltd
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- Semirara Mining Corp, Philippines
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- Power Finance Corporation Ltd., India
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- SMG Consultants - Indonesia
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- Aditya Birla Group - India
- Star Paper Mills Limited - India
- Economic Council, Georgia
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Formosa Plastics Group - Taiwan
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- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
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- South Luzon Thermal Energy Corporation
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- The University of Queensland
- Bayan Resources Tbk. - Indonesia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
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- Indian Oil Corporation Limited
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Parry Sugars Refinery, India
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- Neyveli Lignite Corporation Ltd, - India
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- Barasentosa Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
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- European Bulk Services B.V. - Netherlands
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
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- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Makarim & Taira - Indonesia
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
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- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
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- Planning Commission, India
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- Electricity Authority, New Zealand
- London Commodity Brokers - England
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