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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, 24 December 09
EUROSEAS LTD. ANNOUNCES TWO-YEAR TIME CHARTER AGREEMENT FOR PANAMAX BULK CARRIER
Euroseas Ltd., an owner and operator of drybulk carriers and container vessels and provider of seaborne transportation for dry bulk and containerize ...
Wednesday, 23 December 09
INDONESIA POWER CHIEF TO BUILD PLANTS OUTSIDE JAVA
Indonesia's state electricity firm plans to build new power plants outside Java island with a combined capacity of around 2,000 megawatts to resolv ...
Wednesday, 23 December 09
BUKIT ASAM SEES CHINA COAL DEMAND BOOST
* Rebound in prices to have pushed up 2009 revs
* To more than double Tarahan port capacity
Reuters reported that, Indonesian state-owned coal m ...
Wednesday, 23 December 09
MACARTHUR COAL OFFERS TO BUY RIVAL GLOUCESTER
Queensland-based Macarthur Coal will offer to buy fellow Australian Gloucester Coal, in a move to add two new mines and increase coal resources.
...
Tuesday, 22 December 09
CHINA CONTRACTED COAL PRICE FOR 2010 SEES SLIGHT INCREASE
A number of coal and power enterprises have concluded their annual power-coal supply contracts for 2010, and the contracted coal price saw slight in ...
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- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- Aboitiz Power Corporation - Philippines
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- The Treasury - Australian Government
- Chamber of Mines of South Africa
- Dalmia Cement Bharat India
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Central Electricity Authority - India
- CNBM International Corporation - China
- Cement Manufacturers Association - India
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Borneo Indobara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- London Commodity Brokers - England
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bharathi Cement Corporation - India
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- White Energy Company Limited
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- Price Waterhouse Coopers - Russia
- Wood Mackenzie - Singapore
- Directorate Of Revenue Intelligence - India
- Madhucon Powers Ltd - India
- Australian Coal Association
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Australian Commodity Traders Exchange
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- Global Green Power PLC Corporation, Philippines
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- Kartika Selabumi Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Minerals Council of Australia
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Parry Sugars Refinery, India
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- Sinarmas Energy and Mining - Indonesia
- Aditya Birla Group - India
- Sindya Power Generating Company Private Ltd
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Economic Council, Georgia
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- Marubeni Corporation - India
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Baramulti Group, Indonesia
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Riau Bara Harum - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- Meenaskhi Energy Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Attock Cement Pakistan Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- ASAPP Information Group - India
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Mercuria Energy - Indonesia
- Agrawal Coal Company - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- Alfred C Toepfer International GmbH - Germany
- Coastal Gujarat Power Limited - India
- Indika Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Indian Oil Corporation Limited
- Jaiprakash Power Ventures ltd
- Bhoruka Overseas - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Commonwealth Bank - Australia
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- ICICI Bank Limited - India
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- Essar Steel Hazira Ltd - India
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Petron Corporation, Philippines
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- GAC Shipping (India) Pvt Ltd
- Directorate General of MIneral and Coal - Indonesia
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Electricity Authority, New Zealand
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Independent Power Producers Association of India
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