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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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Thursday, 19 November 09
FAST-TRACK FOCUS ON COAL POWER MAY COST INDONESIA BILLIONS
The Jakartaglobe reported that, As it begins to tap its massive coal reserves to generate cheap electricity, Indonesia may face additional costs of ...
Wednesday, 18 November 09
THAI PTT PLANS COAL MINE INVESTMENT IN INDONESIA
* To conclude Indonesian coal mine buy in 6 months
* Sees coal output jumping to 20 mln tonnes in five years
Reuters reported that, PTT , ...
Wednesday, 18 November 09
ASIA-PACIFIC MINISTERIAL CONFERENCE ON PUBLIC-PRIVATE PARTNERSHIPS FOR INFRASTRUCTURE DEVELOPMENT
“Building Asia’s Infrastructure”
COALspot.com (Indonesia) Press Release: Infrastructure Asia 2010 is Asia’s premier infra ...
Wednesday, 18 November 09
AMBUJA COAL TENDER PRICES EQUATE TO $61.50/T FOB
Reuters reported that, coal prices achieved by Indian cement maker Gujarat Ambuja in its early November tender equate to $61.50 a tonne FOB Richards ...
Tuesday, 17 November 09
JSW STEEL MAY SPEND $500 MILLION TO ACQUIRE COAL MINES OVERSEAS
JSW Steel Ltd., India’s third- biggest producer, may spend $500 million buying coal mines overseas, securing supplies for its local expansion. ...
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- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- SMG Consultants - Indonesia
- PTC India Limited - India
- Madhucon Powers Ltd - India
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Indogreen Group - Indonesia
- Minerals Council of Australia
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Deloitte Consulting - India
- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- Planning Commission, India
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- Economic Council, Georgia
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- Jaiprakash Power Ventures ltd
- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Petron Corporation, Philippines
- Altura Mining Limited, Indonesia
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- CIMB Investment Bank - Malaysia
- AsiaOL BioFuels Corp., Philippines
- CNBM International Corporation - China
- Holcim Trading Pte Ltd - Singapore
- Straits Asia Resources Limited - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Borneo Indobara - Indonesia
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Independent Power Producers Association of India
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- Parliament of New Zealand
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Sakthi Sugars Limited - India
- Semirara Mining and Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Global Business Power Corporation, Philippines
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Mjunction Services Limited - India
- Iligan Light & Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kobexindo Tractors - Indoneisa
- Globalindo Alam Lestari - Indonesia
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Xindia Steels Limited - India
- Wood Mackenzie - Singapore
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Videocon Industries ltd - India
- Kumho Petrochemical, South Korea
- Gujarat Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Romanian Commodities Exchange
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Mintek Dendrill Indonesia
- PowerSource Philippines DevCo
- Maharashtra Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- Orica Mining Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- Antam Resourcindo - Indonesia
- Chettinad Cement Corporation Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Australian Coal Association
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- GN Power Mariveles Coal Plant, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- Meenaskhi Energy Private Limited - India
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Merrill Lynch Commodities Europe
- Ministry of Mines - Canada
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Parry Sugars Refinery, India
- International Coal Ventures Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- Sojitz Corporation - Japan
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kaltim Prima Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
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