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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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Saturday, 27 June 09
HEAVY CONGESTION AT AUSTRALIAN PORTS REACHING ALL TIME HIGH TO 120 SHIPS IN EAST COAST AUSTRALIA - VISTAAR SHIPPING
COALspot.com (Singapore): The market this week was a bit soft and the BDI was down by almost 10 pct and closed at 3,703 points.
The drop in BDI i ...
Friday, 26 June 09
INDONESIA INVESTORS EYE BHP BILLITON COAL PROJECT
About four Indonesian investors are interested in taking over a coal project owned by BHP Billiton Ltd, a senior government mining official said.
...
Friday, 26 June 09
SOUTH AFRICA'S CONSULTING GROUP OPENS OFFICES IN CHINA, INDONESIA
Consulting engineering company SRK Consulting has opened new offices in Asia to cope with the growing demand for its services in the region.
The ...
Friday, 26 June 09
RUSSIA MECHEL TO DELIVER 2 MLN T COKING COAL TO ASIA
Russian steel and coal producer Mechel said on Thursday it had signed contracts to deliver about 2 million tonnes of coking coal concentrate to unna ...
Friday, 26 June 09
SA COAL EXPORTS UNLIKELY TO BREACH 65MT THIS YEAR
Coal volumes railed to South Africa’s Richards Bay Coal Terminal (RBCT) during the rain-affected first quarter of 2009 had fallen well short o ...
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- Energy Development Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Medco Energi Mining Internasional
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- GMR Energy Limited - India
- Simpson Spence & Young - Indonesia
- Marubeni Corporation - India
- Chettinad Cement Corporation Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- India Bulls Power Limited - India
- Africa Commodities Group - South Africa
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- San Jose City I Power Corp, Philippines
- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Uttam Galva Steels Limited - India
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Aboitiz Power Corporation - Philippines
- Meralco Power Generation, Philippines
- Independent Power Producers Association of India
- Mercator Lines Limited - India
- SMG Consultants - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Global Green Power PLC Corporation, Philippines
- Renaissance Capital - South Africa
- Trasteel International SA, Italy
- Vizag Seaport Private Limited - India
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- The State Trading Corporation of India Ltd
- Orica Australia Pty. Ltd.
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Wilmar Investment Holdings
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Jorong Barutama Greston.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- Cigading International Bulk Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining and Power Corporation, Philippines
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- Parliament of New Zealand
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Power Finance Corporation Ltd., India
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- Indika Energy - Indonesia
- Thiess Contractors Indonesia
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Borneo Indobara - Indonesia
- Australian Coal Association
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- ICICI Bank Limited - India
- IEA Clean Coal Centre - UK
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- Sical Logistics Limited - India
- Samtan Co., Ltd - South Korea
- Sindya Power Generating Company Private Ltd
- Vedanta Resources Plc - India
- Bayan Resources Tbk. - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- Bhoruka Overseas - Indonesia
- Star Paper Mills Limited - India
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- Thai Mozambique Logistica
- Planning Commission, India
- Heidelberg Cement - Germany
- Parry Sugars Refinery, India
- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- Siam City Cement - Thailand
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Antam Resourcindo - Indonesia
- Jaiprakash Power Ventures ltd
- VISA Power Limited - India
- Agrawal Coal Company - India
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Grasim Industreis Ltd - India
- PTC India Limited - India
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
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