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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, 04 November 09
BINANI HOPES TO BUY INDONESIAN COAL MINE IN 2-3 MONTHS
"We are still negotiating, but hope to conclude the deal in the next two to three months," Binani Cement Managing Director Vinod Juneja to ...
Tuesday, 03 November 09
CHINA TO BE NET COAL IMPORTER IN 2009
China is accelerating its importation of coal to cope with fallen output caused by the consolidation of small coalmines, and is likely to become a n ...
Monday, 02 November 09
RIO TINTO WARNS ON CHEAP MONGOLIAN COAL
The Age reported that, Mining giant Rio Tinto has warned that cheap coal from Mongolia as well as congestion at the Port of Newcastle in NSW could u ...
Monday, 02 November 09
ESSAR SEEKS COAL ASSETS IN SOUTH AFRICA
Paguntaka reported that, Essar Group plans to acquire coal assets in South Africa to help boost its power business in India. A senior executive of E ...
Sunday, 01 November 09
MINES REGULATION AMENDMENT BILL TO BE TABLED IN PARLIAMENT
Thaindia News reported that, A bill seeking to amend the Mines and Minerals Development Regulation Act, 1957, will be introduced in the winter sessi ...
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- Bahari Cakrawala Sebuku - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- Rashtriya Ispat Nigam Limited - India
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- Planning Commission, India
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
- Sakthi Sugars Limited - India
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- Xindia Steels Limited - India
- Heidelberg Cement - Germany
- MS Steel International - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- ASAPP Information Group - India
- Straits Asia Resources Limited - Singapore
- Videocon Industries ltd - India
- VISA Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- Commonwealth Bank - Australia
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Coalindo Energy - Indonesia
- Star Paper Mills Limited - India
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Parry Sugars Refinery, India
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Deloitte Consulting - India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Transport, Egypt
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- Africa Commodities Group - South Africa
- Sree Jayajothi Cements Limited - India
- Romanian Commodities Exchange
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Marubeni Corporation - India
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- PTC India Limited - India
- Mercator Lines Limited - India
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- Latin American Coal - Colombia
- Aditya Birla Group - India
- Bharathi Cement Corporation - India
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Indian Oil Corporation Limited
- Madhucon Powers Ltd - India
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- SMG Consultants - Indonesia
- The University of Queensland
- Manunggal Multi Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- New Zealand Coal & Carbon
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- White Energy Company Limited
- GN Power Mariveles Coal Plant, Philippines
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- Kumho Petrochemical, South Korea
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- Indonesian Coal Mining Association
- Essar Steel Hazira Ltd - India
- SN Aboitiz Power Inc, Philippines
- South Luzon Thermal Energy Corporation
- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
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