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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, 15 July 09
INDONESIAN FIRM SUBMITS LOWEST BID FOR NAPOCOR COAL
ABS-CBN News reported that, An Indonesian firm offered to supply 195,000 tons of thermal coal to top Philippine electricity producer National Power ...
Wednesday, 15 July 09
INDIAN COAL MINISTRY TO CONSIDER POWER PLANT ALTERATION PROPOSALS
PTI reported that the coal ministry has agreed to consider applications of power plants seeking long term coal linkage due to enhancement in electri ...
Wednesday, 15 July 09
SHENHUA STARTS WORK ON INDONESIA POWER PLANT
Bloomberg reported that China Shenhua Guohau Power a unit of China’s biggest coal producer started construction of a power plant and mine in I ...
Wednesday, 15 July 09
PLN OPENS TENDERS FOR SUPPLY OF LOW - GRADE COAL
The Jakarta Globe, a Indonesian new paper reported that, State power utility PT PLN has opened a tender for the supply of low-grade coal for the nat ...
Tuesday, 14 July 09
MMTC SAYS MAY RE-TENDER FOR 12.5 MLN T COAL
* KIS has demanded investigation into procurement
* MMTC says import delays could add to power shortages
Alibaba reported that, India's s ...
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- Orica Australia Pty. Ltd.
- Cement Manufacturers Association - India
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Ceylon Electricity Board - Sri Lanka
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- London Commodity Brokers - England
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- Billiton Holdings Pty Ltd - Australia
- PowerSource Philippines DevCo
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ministry of Transport, Egypt
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- Heidelberg Cement - Germany
- Jindal Steel & Power Ltd - India
- VISA Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Borneo Indobara - Indonesia
- Salva Resources Pvt Ltd - India
- Posco Energy - South Korea
- Kaltim Prima Coal - Indonesia
- Central Electricity Authority - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Anglo American - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Essar Steel Hazira Ltd - India
- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- Indian Energy Exchange, India
- Asmin Koalindo Tuhup - Indonesia
- Thiess Contractors Indonesia
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Savvy Resources Ltd - HongKong
- Barasentosa Lestari - Indonesia
- Bulk Trading Sa - Switzerland
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Rio Tinto Coal - Australia
- Indogreen Group - Indonesia
- Ministry of Finance - Indonesia
- SMG Consultants - Indonesia
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- Intertek Mineral Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- ASAPP Information Group - India
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Generating Authority of Thailand
- Marubeni Corporation - India
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Bhushan Steel Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Samtan Co., Ltd - South Korea
- Attock Cement Pakistan Limited
- Africa Commodities Group - South Africa
- AsiaOL BioFuels Corp., Philippines
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Jaiprakash Power Ventures ltd
- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Vedanta Resources Plc - India
- Globalindo Alam Lestari - Indonesia
- Semirara Mining Corp, Philippines
- CIMB Investment Bank - Malaysia
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Star Paper Mills Limited - India
- Singapore Mercantile Exchange
- Planning Commission, India
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- Central Java Power - Indonesia
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- McConnell Dowell - Australia
- Larsen & Toubro Limited - India
- Gujarat Sidhee Cement - India
- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- White Energy Company Limited
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- Indonesian Coal Mining Association
- The University of Queensland
- Metalloyd Limited - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Trasteel International SA, Italy
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Rashtriya Ispat Nigam Limited - India
- Australian Coal Association
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