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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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Sunday, 01 November 09
THE COAL MOVEMENT TO INDIA FROM SOUTH AFRICA AND INDONESIA WOULD BE CONTINUE INCREASE - VISTAAR SINGAPORE
COALspot.com (Singapore): The BDI continued to be firm with an increase of 60 points and closed at 3,103 points.
The cape index also was firm an ...
Sunday, 01 November 09
INDONESIA ADARO Q3 NET PROFIT JUMPS ON COAL DEMAND
* Q3 net profit up 131.6 percent to 1.27 trillion rupiah
* Q3 revenue up 56.8 percent to 7.12 trillion rupiah
Reuters reported that, Indonesia' ...
Sunday, 01 November 09
PT INDIKA MAY BUY STAKES IN BHPB INDONESIA OPERATIONS
Dow Jones reported that Indonesian coal producer PT Indika Energy may buy stakes in BHP Billiton Limited's Indonesian coal operations and in local ...
Sunday, 01 November 09
ADAVALE RESOURCES MAKES COAL ACQUISITIONS IN INDONESIA
Adavale Resources Limited has entered into an agreement to acquire the rights to two thermal coal projects Tapan and Jambi in Sumatra Indonesia, hel ...
Saturday, 31 October 09
PRODUCERS BENEFIT FROM COAL'S TIGHT SUPPLY AND STRONG DEMAND
The Jakarta Post reported that, The outlook for Indonesian coal producers appears promising with strong volume growth coming from both the domestic ...
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- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Heidelberg Cement - Germany
- Meenaskhi Energy Private Limited - India
- Maheswari Brothers Coal Limited - India
- Riau Bara Harum - Indonesia
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Madhucon Powers Ltd - India
- Central Java Power - Indonesia
- Coalindo Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Agrawal Coal Company - India
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- Bhatia International Limited - India
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- Kumho Petrochemical, South Korea
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- Latin American Coal - Colombia
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Sical Logistics Limited - India
- SMC Global Power, Philippines
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Electricity Authority, New Zealand
- Sojitz Corporation - Japan
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- Kalimantan Lumbung Energi - Indonesia
- Malabar Cements Ltd - India
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
- TNB Fuel Sdn Bhd - Malaysia
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- White Energy Company Limited
- Kideco Jaya Agung - Indonesia
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Planning Commission, India
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- The Treasury - Australian Government
- TeaM Sual Corporation - Philippines
- The University of Queensland
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GAC Shipping (India) Pvt Ltd
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Lanco Infratech Ltd - India
- Central Electricity Authority - India
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
- Toyota Tsusho Corporation, Japan
- Altura Mining Limited, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aboitiz Power Corporation - Philippines
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- Antam Resourcindo - Indonesia
- Coastal Gujarat Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- Barasentosa Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- New Zealand Coal & Carbon
- Indika Energy - Indonesia
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Power Finance Corporation Ltd., India
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Interocean Group of Companies - India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- Eastern Energy - Thailand
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Karaikal Port Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Chettinad Cement Corporation Ltd - India
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- Romanian Commodities Exchange
- Mjunction Services Limited - India
- Australian Coal Association
- IHS Mccloskey Coal Group - USA
- Eastern Coal Council - USA
- CNBM International Corporation - China
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- PowerSource Philippines DevCo
- Aditya Birla Group - India
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Marubeni Corporation - India
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- PTC India Limited - India
- Singapore Mercantile Exchange
- Rio Tinto Coal - Australia
- Directorate General of MIneral and Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bayan Resources Tbk. - Indonesia
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Ministry of Transport, Egypt
- Xindia Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
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