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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, 30 September 09
COKING COAL PRICES MAY TOUCH $200/TN IN 2010-11
Business Standard reported that, Driven by surge in imports of coking coal by China, growth in Japanese steel output and signs of recovery in the In ...
Wednesday, 30 September 09
PURNOMO BIDS 'GOODBYE' TO ENERGY MINISTRY
The Jakarta globe reported that, In what could be construed as a resignation speech from a government official — but perhaps wasn’t &mda ...
Tuesday, 29 September 09
MINING AND ENERGY DAY 2009
The Minister of Energy and Mineral Resources, Purnomo Yusgiantoro led the ceremony marking 2009 Mining and Energy Day celebrations, held at the Depa ...
Tuesday, 29 September 09
BUKIT ASAM REDUCES ITS SALES TARGET
Tempo Interactive reported that, PT Tambang Batubara Bukit Asam Tbk has decided to reduce its sales target this year from 14.5 million tons of coal ...
Monday, 28 September 09
INDONESIA UNLIKELY TO PASS NEW MINING RULES IN 2009
Reuters reported that, Indonesia is unlikely to complete final regulations attached to a new mining and coal law this year, an official said on Mond ...
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- Goldman Sachs - Singapore
- Star Paper Mills Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- Intertek Mineral Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Vedanta Resources Plc - India
- Marubeni Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bahari Cakrawala Sebuku - Indonesia
- Tata Chemicals Ltd - India
- Thiess Contractors Indonesia
- Independent Power Producers Association of India
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- Holcim Trading Pte Ltd - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
- SMG Consultants - Indonesia
- Romanian Commodities Exchange
- ASAPP Information Group - India
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- GMR Energy Limited - India
- Larsen & Toubro Limited - India
- Salva Resources Pvt Ltd - India
- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- Energy Development Corp, Philippines
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- SN Aboitiz Power Inc, Philippines
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- White Energy Company Limited
- Chamber of Mines of South Africa
- Timah Investasi Mineral - Indoneisa
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- Wood Mackenzie - Singapore
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Riau Bara Harum - Indonesia
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Dalmia Cement Bharat India
- SMC Global Power, Philippines
- Sindya Power Generating Company Private Ltd
- The University of Queensland
- Sinarmas Energy and Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bangladesh Power Developement Board
- Commonwealth Bank - Australia
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Deloitte Consulting - India
- Pendopo Energi Batubara - Indonesia
- Karaikal Port Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- Global Green Power PLC Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- Simpson Spence & Young - Indonesia
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- GVK Power & Infra Limited - India
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- Rio Tinto Coal - Australia
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sree Jayajothi Cements Limited - India
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Australian Coal Association
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- Planning Commission, India
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Borneo Indobara - Indonesia
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
- Kapuas Tunggal Persada - Indonesia
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Coal and Oil Company - UAE
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- Coastal Gujarat Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Kideco Jaya Agung - Indonesia
- Parliament of New Zealand
- Medco Energi Mining Internasional
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Anglo American - United Kingdom
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Port Waratah Coal Services - Australia
- Eastern Energy - Thailand
- Heidelberg Cement - Germany
- Barasentosa Lestari - Indonesia
- Xindia Steels Limited - India
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
- LBH Netherlands Bv - Netherlands
- Mercator Lines Limited - India
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- Sarangani Energy Corporation, Philippines
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