We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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 )
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Sunday, 22 November 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AT US$ 25,000/26,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR ANALYSIS
COALspot.com (Singapore): Analyised by Capt. Radhakrishnan Reddy, Managing Director of Vistaar Shipping Services, Singapore.
BDI hits a new high ...
Friday, 20 November 09
INDONESIA UNITED TRACTORS PLANS $430 MLN CAPEX IN 2010
Reuters reported that, Indonesian heavy equipment distributor and mining contractor PT United Tractors Tbk plans capital expenditure of $430 million ...
Friday, 20 November 09
DRY BULK SHIP OWNERS HOPE RALLY WILL LAST
Boon times are still on the daily agenda of every dry bulk ship owner these days after one of the toughest year in the industry’s century-old ...
Friday, 20 November 09
NTPC LOOKING FOR LONG TERM CONTRACTS FOR COAL IMPORT
Business Standard of India reported that, State run power firm NTPC today said it is looking for long-term supply of coal from overseas market to me ...
Friday, 20 November 09
CHINESE COKING COAL SUPPLY TO BE 'TIGHT' IN 2010, KGI SAYS
Bloomberg Reported that, Stephen Wang, an analyst with KGI Securities in Taipei, comments on the outlook for Chinese steel production and demand for ...
|
|
|
Showing 6231 to 6235 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Bhatia International Limited - India
- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- Ceylon Electricity Board - Sri Lanka
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mjunction Services Limited - India
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- Videocon Industries ltd - India
- Vedanta Resources Plc - India
- Coastal Gujarat Power Limited - India
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- Therma Luzon, Inc, Philippines
- Intertek Mineral Services - Indonesia
- Samtan Co., Ltd - South Korea
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
- VISA Power Limited - India
- Cement Manufacturers Association - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Bangladesh Power Developement Board
- PetroVietnam Power Coal Import and Supply Company
- Indian Energy Exchange, India
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Economic Council, Georgia
- Electricity Authority, New Zealand
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Wilmar Investment Holdings
- Kohat Cement Company Ltd. - Pakistan
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- ASAPP Information Group - India
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- CIMB Investment Bank - Malaysia
- Parry Sugars Refinery, India
- PowerSource Philippines DevCo
- Aboitiz Power Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- Bhushan Steel Limited - India
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Merrill Lynch Commodities Europe
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- Vizag Seaport Private Limited - India
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement - Thailand
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- Heidelberg Cement - Germany
- Alfred C Toepfer International GmbH - Germany
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Coalindo Energy - Indonesia
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Trasteel International SA, Italy
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- Jaiprakash Power Ventures ltd
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- McConnell Dowell - Australia
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Aditya Birla Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kepco SPC Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- Australian Commodity Traders Exchange
- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Planning Commission, India
- Central Java Power - Indonesia
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- Manunggal Multi Energi - Indonesia
- Sojitz Corporation - Japan
- South Luzon Thermal Energy Corporation
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bhoruka Overseas - Indonesia
- Power Finance Corporation Ltd., India
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- The University of Queensland
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- GN Power Mariveles Coal Plant, Philippines
- Africa Commodities Group - South Africa
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- Energy Development Corp, Philippines
- Lanco Infratech Ltd - India
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Wood Mackenzie - Singapore
- Anglo American - United Kingdom
- Chettinad Cement Corporation Ltd - India
|
| |
| |
|
