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.
|
|
Sunday, 04 October 09
GOVT THREATENS TO CANCEL COAL BLOCK ALLOTTED TO BINANI CEMENT
Economic Times reported that, The government has threatened to cancel a coal block allocated for captive use to Binani Cement saying the company see ...
Saturday, 03 October 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - VISTAAR
COALspot.com (Singapore): The BDI firmed up this week by almost 8 pct to 2,357 points , the main reason being jump in Cape size index by almost 22 p ...
Friday, 02 October 09
C&O SEES INDONESIA COAL PURCHASES UP 20 PCT IN 2010
Reuters reported that, Dubai-based coal trader Coal & Oil (C&0) expects its coal purchases from Indonesia to increase by at least 20 percent ...
Thursday, 01 October 09
MJUNCTION LAUNCHES INDIA'S FIRST COAL SPOT PRICE INDEX
• Named 'MJcomposite, MJsteel, MJcement, MJpower' the value weighted index will benefit Indian coal buyers by minimising risk against pr ...
Wednesday, 30 September 09
INDIA CEMENTS SET TO PRODUCE POWER; EYES COAL MINE IN INDONESIA
Financial Express reported that, Tamil Nadu-based India Cements Ltd (ICL) has firmed up plans to produce power to meet its current and future requir ...
|
|
|
Showing 6381 to 6385 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- Iligan Light & Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- Coastal Gujarat Power Limited - India
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- Toyota Tsusho Corporation, Japan
- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sojitz Corporation - Japan
- Lanco Infratech Ltd - India
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Jorong Barutama Greston.PT - Indonesia
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Karaikal Port Pvt Ltd - India
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Billiton Holdings Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement PLC, Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- Dalmia Cement Bharat India
- Minerals Council of Australia
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- PTC India Limited - India
- Maheswari Brothers Coal Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Electricity Generating Authority of Thailand
- Samtan Co., Ltd - South Korea
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- GAC Shipping (India) Pvt Ltd
- Bayan Resources Tbk. - Indonesia
- Global Green Power PLC Corporation, Philippines
- CIMB Investment Bank - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- Kobexindo Tractors - Indoneisa
- Salva Resources Pvt Ltd - India
- Edison Trading Spa - Italy
- Planning Commission, India
- Ministry of Finance - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Semirara Mining and Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- Borneo Indobara - Indonesia
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Coalindo Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Independent Power Producers Association of India
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- Deloitte Consulting - India
- MS Steel International - UAE
- Coal and Oil Company - UAE
- White Energy Company Limited
- Orica Mining Services - Indonesia
- South Luzon Thermal Energy Corporation
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Ambuja Cements Ltd - India
- Thai Mozambique Logistica
- Power Finance Corporation Ltd., India
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Simpson Spence & Young - Indonesia
- Agrawal Coal Company - India
- Chamber of Mines of South Africa
- Australian Coal Association
- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- Bukit Baiduri Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- The University of Queensland
- Latin American Coal - Colombia
- Kaltim Prima Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- Attock Cement Pakistan Limited
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- CNBM International Corporation - China
- Sakthi Sugars Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- Energy Development Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Videocon Industries ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Renaissance Capital - South Africa
- Sree Jayajothi Cements Limited - India
- Sinarmas Energy and Mining - Indonesia
- Anglo American - United Kingdom
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- GMR Energy Limited - India
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Banpu Public Company Limited - Thailand
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Asmin Koalindo Tuhup - Indonesia
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- Meralco Power Generation, Philippines
- Parry Sugars Refinery, India
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
|
| |
| |
|
