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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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Monday, 07 December 09
CHINA COKING COAL PRICE MAY RISE 14% ON DEFICIT, CITIGROUP SAYS
Coking coal prices in China, the world’s biggest steel producer, may rise 14 percent next year because of a supply deficit, Citigroup Inc. sai ...
Monday, 07 December 09
JSW STEEL TO SELL MOZAMBIQUE COAL MINE FOR RS 300 CRORE
JSW Steel may sell its coal mine in Mozambique to sister company JSW Energy as the mine has become commercially unviable for the steel producer, a t ...
Monday, 07 December 09
BLACK RIDGE MINING ENTERS AGREEMENT WITH INDONESIAN COAL PRODUCER
Australian-listed Black Ridge Mining has entered into an exclusive dealing and non-circumvention agreement with Indonesian coal producer PT. Inmas A ...
Sunday, 06 December 09
THE ECI / CHINA (S7) ROUTE SOFTENED AND WAS AT US$ 25,275 PER DAY - VISTAAR
COALspot.com (Singapore): "The market was bit soft in the beginning of the week, however towards mid week that market started to pick up and th ...
Sunday, 06 December 09
NEW MANGALORE PORT GETS UPCL'S FIRST COAL PARCEL FROM INDONESIA
The Lanco Group-promoted Udupi Power Corporation Ltd (UPCL) has received the first parcel of imported coal from Indonesia at the New Mangalore Port. ...
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- Karaikal Port Pvt Ltd - India
- Planning Commission, India
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- Aditya Birla Group - India
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
- Makarim & Taira - Indonesia
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
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- Oldendorff Carriers - Singapore
- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
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- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- GAC Shipping (India) Pvt Ltd
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- TeaM Sual Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- IEA Clean Coal Centre - UK
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Barasentosa Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Borneo Indobara - Indonesia
- Coal and Oil Company - UAE
- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
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- Billiton Holdings Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- Maheswari Brothers Coal Limited - India
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- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Straits Asia Resources Limited - Singapore
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- LBH Netherlands Bv - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- Kepco SPC Power Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Bharathi Cement Corporation - India
- Independent Power Producers Association of India
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- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Marubeni Corporation - India
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- Timah Investasi Mineral - Indoneisa
- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Indian Oil Corporation Limited
- Sojitz Corporation - Japan
- Indo Tambangraya Megah - Indonesia
- McConnell Dowell - Australia
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- ASAPP Information Group - India
- Parliament of New Zealand
- SMG Consultants - Indonesia
- Orica Mining Services - Indonesia
- Dalmia Cement Bharat India
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Manunggal Multi Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
- Grasim Industreis Ltd - India
- Deloitte Consulting - India
- Sindya Power Generating Company Private Ltd
- Merrill Lynch Commodities Europe
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
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- GVK Power & Infra Limited - India
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
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- Interocean Group of Companies - India
- VISA Power Limited - India
- India Bulls Power Limited - India
- SMC Global Power, Philippines
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- Parry Sugars Refinery, India
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Standard Chartered Bank - UAE
- Bhatia International Limited - India
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- MS Steel International - UAE
- ICICI Bank Limited - India
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- Energy Development Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
- Sree Jayajothi Cements Limited - India
- Australian Coal Association
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- Indonesian Coal Mining Association
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Agrawal Coal Company - India
- CNBM International Corporation - China
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
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- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- White Energy Company Limited
- Semirara Mining and Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
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