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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, 07 January 10
INDONESIAS COAL OUTPUT MAY RISE TO 309 MILLION TONS IN 2014 - BLOOMBERG
Indonesia’s coal production may rise to 309 million tons by 2014 from an estimated 250 million tons this year, Bambang Setiawan, director-gene ...
Wednesday, 06 January 10
RICHARDS BAY SAYS 46% OF COAL EXPORTS WENT TO EUROPE
Richards Bay Coal Terminal, through which almost all of South Africa’s coal exports are routed, said 46 percent of the coal it exported in 200 ...
Wednesday, 06 January 10
CHINA-AUSTRALIA INVESTMENT TIES SEEN IMPROVING IN 2010
Australia and China showed a united front in a bid to improve investment ties as they signed a $3-billion coal deal on Wednesday, following a rocky ...
Wednesday, 06 January 10
INVESTMENT IN MINING TO TOP $2.5B IN 2010
The government plans to invest US$2.5 billion in the mining sector, an official said Tuesday.
Bambang Setiawan, the director general of mineral r ...
Wednesday, 06 January 10
SAS 2009 COAL EXPORTS THROUGH RBCT FLAT AT 61MT
Exports through South Africa’s Richards Bay Coal Terminal (RBCT) remained flat in 2009, as the terminal faced “critical business challen ...
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- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Tamil Nadu electricity Board
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- Sakthi Sugars Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Indika Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- Lanco Infratech Ltd - India
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Krishnapatnam Port Company Ltd. - India
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sree Jayajothi Cements Limited - India
- Bukit Makmur.PT - Indonesia
- Planning Commission, India
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- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Commonwealth Bank - Australia
- Karbindo Abesyapradhi - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Kepco SPC Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Ministry of Transport, Egypt
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Neyveli Lignite Corporation Ltd, - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- Sinarmas Energy and Mining - Indonesia
- Madhucon Powers Ltd - India
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Posco Energy - South Korea
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Trasteel International SA, Italy
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- GAC Shipping (India) Pvt Ltd
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- Ministry of Mines - Canada
- SMG Consultants - Indonesia
- Economic Council, Georgia
- Minerals Council of Australia
- OPG Power Generation Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Mintek Dendrill Indonesia
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Simpson Spence & Young - Indonesia
- Singapore Mercantile Exchange
- Romanian Commodities Exchange
- Manunggal Multi Energi - Indonesia
- Carbofer General Trading SA - India
- MS Steel International - UAE
- McConnell Dowell - Australia
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Siam City Cement - Thailand
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Ceylon Electricity Board - Sri Lanka
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- Grasim Industreis Ltd - India
- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
- Agrawal Coal Company - India
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Parry Sugars Refinery, India
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- Uttam Galva Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- CNBM International Corporation - China
- Bhushan Steel Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
- Cement Manufacturers Association - India
- Merrill Lynch Commodities Europe
- Videocon Industries ltd - India
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- South Luzon Thermal Energy Corporation
- European Bulk Services B.V. - Netherlands
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Kaltim Prima Coal - Indonesia
- Interocean Group of Companies - India
- Dalmia Cement Bharat India
- London Commodity Brokers - England
- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
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