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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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Tuesday, 22 December 09
NEWCASTLE COAL SHIP QUEUE LONGEST IN TWO YEARS AS EXPORTS SLOW
Bloomberg reported that, the queue of coal ships waiting at Australia’s Newcastle port, the world’s biggest export harbor for the fuel, ...
Monday, 21 December 09
INDONESIA HAS EXPORTED AROUND 195.303 MILLION TONS OF COAL TILL END OF NOVEMBER 2009
COALspot.com (Indonesia): China has been the largest single buyer of Indonesian coal in November 2009, by taking 28.69% of total exported quan ...
Monday, 21 December 09
RUSSIAN COAL MINER SUEK EYES '10 LONDON IPO
* Company valued at around $8-$9 bln - banking source
* IPO could take place in H1 - source
* May list 25 pct of share capital - report
Reuters ...
Monday, 21 December 09
IGCC OUTLOOK CHINA 2010 TO BE HELD IN APRIL 2010 IN SHANGHAI
COALspot.com (China): Press Release - Aiming at unveiling the growth area of IGCC polygeneration, IGCC Outlook China 2010 is planned to be hel ...
Sunday, 20 December 09
GLOBAL COAL MAJORS MAKE THEIR PRESENTATIONS
Major energy companies from four countries, including the U.S., Indonesia and South Africa, have completed detailed presentations before a committee ...
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- San Jose City I Power Corp, Philippines
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- Anglo American - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- Cement Manufacturers Association - India
- Latin American Coal - Colombia
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Directorate Of Revenue Intelligence - India
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- Georgia Ports Authority, United States
- Deloitte Consulting - India
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- VISA Power Limited - India
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Bharathi Cement Corporation - India
- Ambuja Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- Indo Tambangraya Megah - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- Electricity Authority, New Zealand
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Xindia Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- Energy Link Ltd, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- SMC Global Power, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Sidhee Cement - India
- Tata Chemicals Ltd - India
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Makarim & Taira - Indonesia
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- The University of Queensland
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- Dalmia Cement Bharat India
- Indonesian Coal Mining Association
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- Kapuas Tunggal Persada - Indonesia
- Therma Luzon, Inc, Philippines
- Singapore Mercantile Exchange
- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
- White Energy Company Limited
- Karbindo Abesyapradhi - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- Altura Mining Limited, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- New Zealand Coal & Carbon
- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- Standard Chartered Bank - UAE
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
- Videocon Industries ltd - India
- Ceylon Electricity Board - Sri Lanka
- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- Lanco Infratech Ltd - India
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- Jindal Steel & Power Ltd - India
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Bulk Trading Sa - Switzerland
- Essar Steel Hazira Ltd - India
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- Romanian Commodities Exchange
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- Planning Commission, India
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- South Luzon Thermal Energy Corporation
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- Chamber of Mines of South Africa
- Parliament of New Zealand
- ICICI Bank Limited - India
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