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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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Wednesday, 16 December 09
INDONESIA'S FIRST PRIVATE RAILWAY TO BOOST RAK'S MINING INTERESTS
MEC infra to invest $1b in construction of 130-km transport link
A 130-kilometre railway that will ease the transport of raw materials and finish ...
Tuesday, 15 December 09
KOMIPO HAS ISSUED A NEW TENDER FOR 30000 MT OF 5200 NAR KCAL/KG COAL
COALspot.com (South Korea): South Korean state-owned utility Korea Midland Power (KOMIPO) has issued an new tender for prompt supply of 30000 M ...
Tuesday, 15 December 09
CHINA CUTS IMPORT DUTIES ON COAL, RAISES FOR OTHERS
China will lower import duties on more than 600 products next year, including coal, naphtha and phosphate ore, the Finance Ministry said on Tuesday. ...
Tuesday, 15 December 09
NTPC'S COAL WOES UNLIKELY TO END SOON
State-owned power producer NTPC’s woes over shortages of coal may not end soon. Though the company is importing 12.5 million tonnes of coal&nb ...
Monday, 14 December 09
RICHARDS BAY COAL TO FINISH EXPANSION IN 1ST QUARTER
Richards Bay Coal Terminal, which ships more than a quarter of Europe’s energy coal, said it will complete its Phase 5 expansion project in th ...
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- Iligan Light & Power Inc, Philippines
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- Deloitte Consulting - India
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- Karaikal Port Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
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- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- Indian Energy Exchange, India
- The State Trading Corporation of India Ltd
- Trasteel International SA, Italy
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Energy Development Corp, Philippines
- Barasentosa Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Indian Oil Corporation Limited
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- Savvy Resources Ltd - HongKong
- The University of Queensland
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- Semirara Mining and Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Vedanta Resources Plc - India
- Edison Trading Spa - Italy
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- Bharathi Cement Corporation - India
- Planning Commission, India
- Marubeni Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- Goldman Sachs - Singapore
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- Malabar Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
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- Kobexindo Tractors - Indoneisa
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- Pendopo Energi Batubara - Indonesia
- SN Aboitiz Power Inc, Philippines
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- Directorate General of MIneral and Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- GN Power Mariveles Coal Plant, Philippines
- Kumho Petrochemical, South Korea
- MS Steel International - UAE
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
- Georgia Ports Authority, United States
- Siam City Cement - Thailand
- Independent Power Producers Association of India
- SMG Consultants - Indonesia
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
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- Posco Energy - South Korea
- White Energy Company Limited
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- Directorate Of Revenue Intelligence - India
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- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- Eastern Energy - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- Leighton Contractors Pty Ltd - Australia
- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Agrawal Coal Company - India
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
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- ICICI Bank Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
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- Mjunction Services Limited - India
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- PowerSource Philippines DevCo
- GMR Energy Limited - India
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
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- Standard Chartered Bank - UAE
- Anglo American - United Kingdom
- Globalindo Alam Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- Gujarat Sidhee Cement - India
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
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- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Java Power - Indonesia
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- Sojitz Corporation - Japan
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Bhatia International Limited - India
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- Jorong Barutama Greston.PT - Indonesia
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- Mercator Lines Limited - India
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Minerals Council of Australia
- Africa Commodities Group - South Africa
- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
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- Indika Energy - Indonesia
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Jindal Steel & Power Ltd - India
- Port Waratah Coal Services - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- OPG Power Generation Pvt Ltd - India
- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- New Zealand Coal & Carbon
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- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- Sinarmas Energy and Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Manunggal Multi Energi - Indonesia
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