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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, 19 December 09
THE FUTURES FOR 2010 - 2012 FIRMED UP COMPARED TO LAST WEEK AND WAS AT AROUND CAPE US$ 28,000 PER DAY - VISTAAR
COALspot.com (Singapore): The freight market continued to soften this week with major drop in the cape size index by almost 21 pct and Panamax , Sup ...
Friday, 18 December 09
CARGOTEC WINS IBJ'S BEST SHIP LOADING / UNLOADING SYSTEM AWARD WITH SIWERTELL
Cargotec’s Siwertell ship unloader has recently won International Bulk Journal’s best ship loading/unloading system award for 2009; out ...
Friday, 18 December 09
THERMAL COAL PROJECT MOVES AHEAD
A proposal for Australia's largest thermal coal project in Queensland's central west has taken a step forward.
Hancock Prospecting is proposing ...
Friday, 18 December 09
CHURCHILL MINING COMPLETES FEASIBILITY STUDY FOR EAST KUTAI COAL PROJECT
Churchill Mining Plc has announced the completion of the feasibility study for its flagship project, the 75% held East Kutai coal project in Indones ...
Friday, 18 December 09
COKING COAL SHORTAGE IN CHINA TO SPUR DEMAND FIGHT WITH JAPAN
China, the world’s largest steelmaker, faces a shortage of coking coal that may drive imports next year and spur a fight for resources with Ja ...
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- VISA Power Limited - India
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- Wood Mackenzie - Singapore
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Renaissance Capital - South Africa
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Maheswari Brothers Coal Limited - India
- SMG Consultants - Indonesia
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Meralco Power Generation, Philippines
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Singapore Mercantile Exchange
- The University of Queensland
- Ambuja Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- Manunggal Multi Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Gujarat Sidhee Cement - India
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- Posco Energy - South Korea
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- Xindia Steels Limited - India
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Miang Besar Coal Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Coalindo Energy - Indonesia
- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- Global Business Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Indogreen Group - Indonesia
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- Sakthi Sugars Limited - India
- Parliament of New Zealand
- Cigading International Bulk Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Mercuria Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Grasim Industreis Ltd - India
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Mines - Canada
- Riau Bara Harum - Indonesia
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- India Bulls Power Limited - India
- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- Thai Mozambique Logistica
- Vizag Seaport Private Limited - India
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Chettinad Cement Corporation Ltd - India
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Jorong Barutama Greston.PT - Indonesia
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Romanian Commodities Exchange
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- McConnell Dowell - Australia
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Kepco SPC Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GMR Energy Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- SMC Global Power, Philippines
- Sical Logistics Limited - India
- Coastal Gujarat Power Limited - India
- Mercator Lines Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- Star Paper Mills Limited - India
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- Billiton Holdings Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Trasteel International SA, Italy
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- Georgia Ports Authority, United States
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- Essar Steel Hazira Ltd - India
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