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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, 14 October 09
SA'S COAL OUTPUT LIKELY TO RISE BY 2011, BOOSTED BY WATERBERG MINES
Mining weekly reported that, South Africa's coal production will struggle to meet demand over the next few years, but coal production could likely ...
Tuesday, 13 October 09
INDONESIA'S BAYAN SEES 2010 COAL OUTPUT UP 42 PCT
Reuters reported that, Indonesian coal miner PT Bayan Resources Tbk (BYAN.JK) said on Tuesday it expects its coal output to increase by 42 percent i ...
Tuesday, 13 October 09
STRAITS ASIA UPBEAT ON MEETING 2009 COAL OUTPUT
Reuters reported that, Singapore-listed coal miner Straits Asia is still optimistic about meeting its coal output target of 9 million tonnes this ye ...
Tuesday, 13 October 09
THERMAL COAL DEMAND IN CHINA DRIVES PRICE INCREASES
Metal Miner reported that, Thermal coal prices have been falling this year; contrary to many other commodities, both metals and energy that hit bott ...
Tuesday, 13 October 09
JSW ENERGY SCOUTING FOR PARTNERS, ACQUISITIONS
Business-Standard reported that, JSW Energy is planning to become an integrated power company by bringing in a partner for its transmission business ...
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- Petrochimia International Co. Ltd.- Taiwan
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Renaissance Capital - South Africa
- Kumho Petrochemical, South Korea
- Rio Tinto Coal - Australia
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- ICICI Bank Limited - India
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- Price Waterhouse Coopers - Russia
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- TeaM Sual Corporation - Philippines
- Georgia Ports Authority, United States
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- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
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- Indian Energy Exchange, India
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- London Commodity Brokers - England
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- Intertek Mineral Services - Indonesia
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- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
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- OPG Power Generation Pvt Ltd - India
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- Indonesian Coal Mining Association
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- Economic Council, Georgia
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- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
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- CNBM International Corporation - China
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- Thai Mozambique Logistica
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- MS Steel International - UAE
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- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
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- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Oil Corporation Limited
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- PowerSource Philippines DevCo
- Bulk Trading Sa - Switzerland
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- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
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- Uttam Galva Steels Limited - India
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- Dalmia Cement Bharat India
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- Chamber of Mines of South Africa
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- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
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- Marubeni Corporation - India
- Sojitz Corporation - Japan
- Parliament of New Zealand
- Australian Coal Association
- Bangladesh Power Developement Board
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- Simpson Spence & Young - Indonesia
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
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- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Wood Mackenzie - Singapore
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- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
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- LBH Netherlands Bv - Netherlands
- Malabar Cements Ltd - India
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- Aboitiz Power Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Parry Sugars Refinery, India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Thiess Contractors Indonesia
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- Kartika Selabumi Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
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- Coal and Oil Company - UAE
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- Indo Tambangraya Megah - Indonesia
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- Trasteel International SA, Italy
- Power Finance Corporation Ltd., India
- Medco Energi Mining Internasional
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- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
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- White Energy Company Limited
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- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Goldman Sachs - Singapore
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- The University of Queensland
- Attock Cement Pakistan Limited
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- Mercuria Energy - Indonesia
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