We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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 )
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 08 October 09
MINING TO ATTRACT $6B: BKPM
The Jakarta Post reported that, Indonesia’s mining sector could expect investment of up to US$6 billion in the 2010-2012 period, in part becau ...
Thursday, 08 October 09
INDIA DEMAND TO HELP DIRE COAL OUTLOOK - MACQUARIE
Reuters reported that, Macquarie Securities said on Wednesday its bearish short-term outlook on thermal coal may begin improving in a year's time o ...
Thursday, 08 October 09
ESSAR UNIT WINS INR 479 CR (US$ 103,272,401) ORISSA PROJECT
The firm will develop and operate the terminal at Paradip port; the contract will stretch up to 30 years
Live Mint reported that, Essar Shipping ...
Wednesday, 07 October 09
ESSAR, JINDAL IN TAKEOVER TUSSLE FOR AUSTRALIAN COAL MINER
Reuters reported that, Privately owned Essar Group has launched a surprise A$144.2 million ($128.1 million) bid for Australian coal minnow Rocklands ...
Wednesday, 07 October 09
ADARO SECURES $500 M LOAN
The Jakarta Post reported that, The country's second largest coal producer, PT Adaro Energy announced on Wednesday that it has secured US$500 milli ...
|
|
|
Showing 6361 to 6365 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Carbofer General Trading SA - India
- Holcim Trading Pte Ltd - Singapore
- Coalindo Energy - Indonesia
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- Bukit Makmur.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- San Jose City I Power Corp, Philippines
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Lanco Infratech Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Global Coal Blending Company Limited - Australia
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- Central Electricity Authority - India
- Kumho Petrochemical, South Korea
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- ICICI Bank Limited - India
- Salva Resources Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Therma Luzon, Inc, Philippines
- Sree Jayajothi Cements Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- Economic Council, Georgia
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Madhucon Powers Ltd - India
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- CNBM International Corporation - China
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Malabar Cements Ltd - India
- Edison Trading Spa - Italy
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Meralco Power Generation, Philippines
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- Mintek Dendrill Indonesia
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
- Vizag Seaport Private Limited - India
- Semirara Mining Corp, Philippines
- Bhatia International Limited - India
- Borneo Indobara - Indonesia
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- Mercator Lines Limited - India
- Posco Energy - South Korea
- PowerSource Philippines DevCo
- PetroVietnam Power Coal Import and Supply Company
- Bayan Resources Tbk. - Indonesia
- ASAPP Information Group - India
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Kideco Jaya Agung - Indonesia
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Tamil Nadu electricity Board
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
- Latin American Coal - Colombia
- Karaikal Port Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- Coastal Gujarat Power Limited - India
- Xindia Steels Limited - India
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- Power Finance Corporation Ltd., India
- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- Baramulti Group, Indonesia
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- MS Steel International - UAE
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- PTC India Limited - India
- Sinarmas Energy and Mining - Indonesia
- Orica Australia Pty. Ltd.
- Romanian Commodities Exchange
- International Coal Ventures Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Samtan Co., Ltd - South Korea
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- Ind-Barath Power Infra Limited - India
- Altura Mining Limited, Indonesia
|
| |
| |
|
