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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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Saturday, 02 January 10
INDONESIAS COAL OUTPUT RISES BY 5%
Indonesia, Asia’s largest coal exporter, produced 254 million tons of coal in 2009, a 5.8 percent increase from 2008 and well ahead of the gov ...
Saturday, 02 January 10
TAIPOWER FORECASTS COAL DEMAND TO SNAP DECLINE
Taiwan Power Co., Asia's biggest importer of thermal coal, expects its demand for the fuel to rise in 2010 after falling for two years as the islan ...
Friday, 01 January 10
COAL INDIA TO START IMPORTING DIRECTLY
According to sources, the coal major has already finalised tender document to import four million tonnes thermal grade coal for supplies to NTPC. Th ...
Thursday, 31 December 09
INDONESIA SEES 2010 MINING INVESTMENT UP 39 PCT
Reuters reported that, Indonesian mining investment is expected to hit $2.5 billion next year, up from $1.81 billion in 2009, supported by greater c ...
Thursday, 31 December 09
YANDICOOGINA BECOMES FIRST MINE IN AUSTRALIA TO PRODUCE 50 MILLION TONNES A YEAR
COALspot.com Press Release: Rio Tinto's Yandicoogina, Australia's largest-producing iron ore mine, has broken the 50 million tonne mark for annual ...
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- Baramulti Group, Indonesia
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- Bahari Cakrawala Sebuku - Indonesia
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Agrawal Coal Company - India
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- Petrochimia International Co. Ltd.- Taiwan
- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- Central Electricity Authority - India
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Australian Coal Association
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- London Commodity Brokers - England
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- CIMB Investment Bank - Malaysia
- Bulk Trading Sa - Switzerland
- PNOC Exploration Corporation - Philippines
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- Sical Logistics Limited - India
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
- Formosa Plastics Group - Taiwan
- GVK Power & Infra Limited - India
- Tamil Nadu electricity Board
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- Bhatia International Limited - India
- Mintek Dendrill Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- San Jose City I Power Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Edison Trading Spa - Italy
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Manunggal Multi Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Therma Luzon, Inc, Philippines
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Savvy Resources Ltd - HongKong
- Toyota Tsusho Corporation, Japan
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- Global Coal Blending Company Limited - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- Mercuria Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- Electricity Authority, New Zealand
- Coal and Oil Company - UAE
- Pendopo Energi Batubara - Indonesia
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Marubeni Corporation - India
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- Indogreen Group - Indonesia
- Sindya Power Generating Company Private Ltd
- Karaikal Port Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- Indo Tambangraya Megah - Indonesia
- Kepco SPC Power Corporation, Philippines
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- McConnell Dowell - Australia
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Attock Cement Pakistan Limited
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Orica Australia Pty. Ltd.
- Alfred C Toepfer International GmbH - Germany
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- Binh Thuan Hamico - Vietnam
- Kohat Cement Company Ltd. - Pakistan
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- PTC India Limited - India
- European Bulk Services B.V. - Netherlands
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Ind-Barath Power Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Bayan Resources Tbk. - Indonesia
- Planning Commission, India
- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Cigading International Bulk Terminal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- Goldman Sachs - Singapore
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