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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, 20 July 09
INDONESIA PRODUCES 72 MILLION MT IN FIRST HALF OF YEAR: OFFICIAL
Indonesia produced 72 million mt of coal in the first half of 2009, or 31.3% of the government’s target this year, a senior government officia ...
Sunday, 19 July 09
JINDAL S&P IN TALKS TO BUY SA COAL MINE FOR RS 350-400 CR (US$ 80 - 90 MILLION)
Economic Times reported that, Naveen Jindal-led Jindal Steel & Power (JSPL) is acquiring a thermal coal mine in South Africa, a top company exec ...
Saturday, 18 July 09
REN POWER CZ COMMISSIONS ANOTHER PHOTOVOLTAIC POWER STATION
COALspot.com (Press Release): REN Power CZ, a company in the Czech Coal Group, has put into operation another photovoltaic power station. The plant ...
Saturday, 18 July 09
THE FUTURE FOR SUPRAMAX FOR NEXT 3 YEARS TILL 2012 WOULD BE AROUND US$ 13,500 PER DAY - CAPT. REDDY
COALspot.com ( Singapore): The market moved up sharply this week , which was quite unexpected.
The BDI was up by 557 which is an increase of 18 ...
Friday, 17 July 09
CHINA COAL-SPOT PRICES EDGE LOWER, SUPPLY APLENTY
China Mining reported that, spot prices in China's top coal shipping port Qinhuangdao edged lower from a week earlier, as supply grew, offsetting t ...
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- Indonesian Coal Mining Association
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- European Bulk Services B.V. - Netherlands
- Anglo American - United Kingdom
- Alfred C Toepfer International GmbH - Germany
- Manunggal Multi Energi - Indonesia
- Orica Mining Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Grasim Industreis Ltd - India
- Georgia Ports Authority, United States
- Straits Asia Resources Limited - Singapore
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Bukit Baiduri Energy - Indonesia
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Parliament of New Zealand
- Sinarmas Energy and Mining - Indonesia
- Borneo Indobara - Indonesia
- Ambuja Cements Ltd - India
- Marubeni Corporation - India
- Sical Logistics Limited - India
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Simpson Spence & Young - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- Miang Besar Coal Terminal - Indonesia
- Independent Power Producers Association of India
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- Sree Jayajothi Cements Limited - India
- Karaikal Port Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- Leighton Contractors Pty Ltd - Australia
- Posco Energy - South Korea
- Wood Mackenzie - Singapore
- Therma Luzon, Inc, Philippines
- Chamber of Mines of South Africa
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Central Electricity Authority - India
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- SMG Consultants - Indonesia
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Xindia Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- Neyveli Lignite Corporation Ltd, - India
- Bhatia International Limited - India
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Makarim & Taira - Indonesia
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- Eastern Coal Council - USA
- Semirara Mining Corp, Philippines
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- ICICI Bank Limited - India
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Ministry of Finance - Indonesia
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- Barasentosa Lestari - Indonesia
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Vedanta Resources Plc - India
- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- Indo Tambangraya Megah - Indonesia
- Timah Investasi Mineral - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tamil Nadu electricity Board
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Mintek Dendrill Indonesia
- Interocean Group of Companies - India
- Indogreen Group - Indonesia
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Edison Trading Spa - Italy
- White Energy Company Limited
- Star Paper Mills Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Antam Resourcindo - Indonesia
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
- Petron Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Australian Coal Association
- Bayan Resources Tbk. - Indonesia
- San Jose City I Power Corp, Philippines
- Indian Energy Exchange, India
- Commonwealth Bank - Australia
- South Luzon Thermal Energy Corporation
- Salva Resources Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Planning Commission, India
- London Commodity Brokers - England
- Merrill Lynch Commodities Europe
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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