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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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Friday, 17 July 09
THE NEW LAW OF MINERAL AND COAL MINING NO 4/2009 CREATE CONDUCIVE CLIMATE OF INVESTMENT IN INDONESIA
COALspot.com (Indonesia): The new Law of Mineral and Coal Mining No 4/2009, which replaces the old mining law No. 11/1967 has been signed by the Pre ...
Friday, 17 July 09
INDIA COAL TRADERS MUST OWN POWER, MINES - C&O BOSS
· Coal traders need to diversify to grow
· Coastal Energen to build first merchant power plant
· Tamil Nadu to see st ...
Friday, 17 July 09
CHINA SHENHUA ENERGY'S COAL OUTPUT SWELLS 17.6% IN H1
China Knowledge reported that, China Shenhua Energy Co Ltd, which is engaged in the coal mining, power generation and transportation businesses, on ...
Thursday, 16 July 09
CHINA ISSUES SECOND BATCH OF '09 EXPORT QUOTAS
China has issued 25 million tonnes of coal export quotas for the second batch this year, the National Development and Reform Commission said Wednesd ...
Thursday, 16 July 09
NTPC TO ENGAGE BANKERS TO ACQUIRE OVERSEAS COAL MINES
The Hindu reported that, State-run power generation company NTPC said it would appoint merchant bankers next month for acquiring coal mines identifi ...
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- PTC India Limited - India
- Renaissance Capital - South Africa
- The University of Queensland
- Bhoruka Overseas - Indonesia
- Jindal Steel & Power Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Siam City Cement PLC, Thailand
- Anglo American - United Kingdom
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Timah Investasi Mineral - Indoneisa
- Kumho Petrochemical, South Korea
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- Coastal Gujarat Power Limited - India
- Parliament of New Zealand
- Kartika Selabumi Mining - Indonesia
- Sakthi Sugars Limited - India
- White Energy Company Limited
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- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- Rio Tinto Coal - Australia
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Minerals Council of Australia
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- Karaikal Port Pvt Ltd - India
- Thiess Contractors Indonesia
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- Power Finance Corporation Ltd., India
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- Cigading International Bulk Terminal - Indonesia
- Goldman Sachs - Singapore
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Bukit Makmur.PT - Indonesia
- Planning Commission, India
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- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Ceylon Electricity Board - Sri Lanka
- Pendopo Energi Batubara - Indonesia
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- Bayan Resources Tbk. - Indonesia
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- Antam Resourcindo - Indonesia
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- Meenaskhi Energy Private Limited - India
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- Banpu Public Company Limited - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
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- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
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- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
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- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- Billiton Holdings Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Borneo Indobara - Indonesia
- Indonesian Coal Mining Association
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- Agrawal Coal Company - India
- Toyota Tsusho Corporation, Japan
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- Posco Energy - South Korea
- Ministry of Finance - Indonesia
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- India Bulls Power Limited - India
- ASAPP Information Group - India
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- Salva Resources Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vedanta Resources Plc - India
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Siam City Cement - Thailand
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
- Chettinad Cement Corporation Ltd - India
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- Thai Mozambique Logistica
- IEA Clean Coal Centre - UK
- Africa Commodities Group - South Africa
- Deloitte Consulting - India
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Sinarmas Energy and Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- CIMB Investment Bank - Malaysia
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Economic Council, Georgia
- Standard Chartered Bank - UAE
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- South Luzon Thermal Energy Corporation
- GMR Energy Limited - India
- European Bulk Services B.V. - Netherlands
- Global Business Power Corporation, Philippines
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