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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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Friday, 20 November 09
INDONESIAN CO PLANS JV WITH NAGARJUNA
Economic Times reported that, Infrastructure firm Nagarjuna Constructions Company (NCC) is set to form a joint venture with an Indonesian coal minin ...
Thursday, 19 November 09
S. KOREA TO BUY COAL FROM CHINA FOR US$ 85-90/T IN 2010
Head of one S. Korea power company on November 18 unveiled that S. Korea’s power companies may purchase coal from China at the contract price ...
Thursday, 19 November 09
SNAPSHOT OF INDONESIA'S COAL INDUSTRY - FACT BOX BY REUTERS
Indonesian plans to cap coal exports to meet domestic demand will not hit global supplies in the near term, but could start to bite in three to five ...
Thursday, 19 November 09
INDONESIA COAL EXPORTS CURB WILL TAKE TIME TO BITE
Indonesia's plans to cap coal exports to satisfy demand at home are unlikely to crimp global supplies for as long as five years, when new power pla ...
Thursday, 19 November 09
THE GOVERNMENT TO GUARANTEE COAL SUPPLIES FOR POWER PLANTS
The government guarantees coal supplies for power plants under a 10,000 MW-capacity power plant construction acceleration program.
Minister of En ...
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- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
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- Goldman Sachs - Singapore
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- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- Vedanta Resources Plc - India
- Kepco SPC Power Corporation, Philippines
- ICICI Bank Limited - India
- Kartika Selabumi Mining - Indonesia
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- Jindal Steel & Power Ltd - India
- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Aditya Birla Group - India
- Bukit Makmur.PT - Indonesia
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- Baramulti Group, Indonesia
- CNBM International Corporation - China
- SMC Global Power, Philippines
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- Kumho Petrochemical, South Korea
- Bulk Trading Sa - Switzerland
- Independent Power Producers Association of India
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- Grasim Industreis Ltd - India
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- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- Formosa Plastics Group - Taiwan
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Bhatia International Limited - India
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- European Bulk Services B.V. - Netherlands
- Siam City Cement - Thailand
- Interocean Group of Companies - India
- Toyota Tsusho Corporation, Japan
- Bayan Resources Tbk. - Indonesia
- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
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- IEA Clean Coal Centre - UK
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- TeaM Sual Corporation - Philippines
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- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
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- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- Deloitte Consulting - India
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- Petron Corporation, Philippines
- VISA Power Limited - India
- Rio Tinto Coal - Australia
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- Kideco Jaya Agung - Indonesia
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Maharashtra Electricity Regulatory Commission - India
- Sojitz Corporation - Japan
- Indika Energy - Indonesia
- Australian Coal Association
- Star Paper Mills Limited - India
- Essar Steel Hazira Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- White Energy Company Limited
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- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- The University of Queensland
- Binh Thuan Hamico - Vietnam
- Madhucon Powers Ltd - India
- Eastern Energy - Thailand
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Standard Chartered Bank - UAE
- Coal and Oil Company - UAE
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Global Business Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- GMR Energy Limited - India
- Billiton Holdings Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Borneo Indobara - Indonesia
- Barasentosa Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining and Power Corporation, Philippines
- Planning Commission, India
- PTC India Limited - India
- The Treasury - Australian Government
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- GVK Power & Infra Limited - India
- Mercator Lines Limited - India
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- SMG Consultants - Indonesia
- Dalmia Cement Bharat India
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- Ministry of Transport, Egypt
- Kobexindo Tractors - Indoneisa
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
- Parliament of New Zealand
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- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
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