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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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Monday, 05 October 09
SOUTH AFRICAN COAL RISES ON INDIAN BUYING, DOMESTIC DEMAND
Bloomberg reported that, Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the f ...
Monday, 05 October 09
BANPU EYES INCREASE IN COAL OUTPUT
The Nation reported that, Banpu plans to boost its coal output to 23 million tonnes next year once production begins at the East Block of its Indomi ...
Monday, 05 October 09
COAL TRADING C&O TO INVEST $100 M NEXT YEAR
The Jakarta Post reported that, Coal and Oil (C&0) Group of India plans to invest up to US$100 million in Indonesia next year to acquire coal mi ...
Sunday, 04 October 09
INDONESIAN COAL EXCHANGE FOR PRICE BENCHMARKING IN OFFING
Reuters cited Mr Bob Kamandanu chairman of the Indonesian Coal Producers Association as saying that Indonesia plans to set up a coal exchange to cre ...
Sunday, 04 October 09
GRASIM TO CONSOLIDATE CEMENT BIZ
The Statesman reported that, India's largest cement producer Aditya Birla group today said it would consolidate its cement businesses by merging Gr ...
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- Bhatia International Limited - India
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- Parliament of New Zealand
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- Sojitz Corporation - Japan
- Kapuas Tunggal Persada - Indonesia
- Jaiprakash Power Ventures ltd
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Maharashtra Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Australian Coal Association
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Bukit Makmur.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Indian Oil Corporation Limited
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- Standard Chartered Bank - UAE
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- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- Gujarat Electricity Regulatory Commission - India
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- Global Green Power PLC Corporation, Philippines
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- PNOC Exploration Corporation - Philippines
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- Africa Commodities Group - South Africa
- Economic Council, Georgia
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- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
- Parry Sugars Refinery, India
- Bank of Tokyo Mitsubishi UFJ Ltd
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- The State Trading Corporation of India Ltd
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- LBH Netherlands Bv - Netherlands
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- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- Posco Energy - South Korea
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- ICICI Bank Limited - India
- VISA Power Limited - India
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Attock Cement Pakistan Limited
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- Central Java Power - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Gujarat Sidhee Cement - India
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Kobexindo Tractors - Indoneisa
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Kartika Selabumi Mining - Indonesia
- GMR Energy Limited - India
- Goldman Sachs - Singapore
- Semirara Mining and Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- Eastern Coal Council - USA
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
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- Indogreen Group - Indonesia
- Star Paper Mills Limited - India
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- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Makarim & Taira - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- Riau Bara Harum - Indonesia
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- Minerals Council of Australia
- Oldendorff Carriers - Singapore
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- PTC India Limited - India
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- Bhushan Steel Limited - India
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
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- Bukit Asam (Persero) Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Medco Energi Mining Internasional
- CNBM International Corporation - China
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- Leighton Contractors Pty Ltd - Australia
- Indika Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Energy Link Ltd, New Zealand
- Tamil Nadu electricity Board
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- Vizag Seaport Private Limited - India
- Jindal Steel & Power Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Xindia Steels Limited - India
- Banpu Public Company Limited - Thailand
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- Essar Steel Hazira Ltd - India
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- Eastern Energy - Thailand
- Aboitiz Power Corporation - Philippines
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- South Luzon Thermal Energy Corporation
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- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
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