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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, 27 May 09
EUROPEAN COAL PRICES FOR 2010 SETTLEMENT DROP TO 11-DAY LOW - BLOOMBERG
Benchmark European coal derivatives declined to an 11-day low as oil prices slumped.
Coal for delivery to Amsterdam, Rotterdam or Antwerp with se ...
Tuesday, 26 May 09
NEW MINING PERMITS TO BE OBTAINABLE WITHIN TWO WEEKS' TIME - MAJALAHTAMBANG
The Indonesian government is currently formulating a procedure for companies willing to obtain mining permits (IUP in its Indonesian abbreviation). ...
Tuesday, 26 May 09
KADIN CALLS FOR BIGGER RECOGNITION OF MINING SECTOR - MAJALAHTAMBANG
The Indonesian Chamber of Commerce and Industry (KADIN Indonesia) had called other sectors, particularly the forestry and the land administration se ...
Tuesday, 26 May 09
TUTICORIN PORT TO INVEST RS 700CR FOR COAL HANDLING FACILITIES
Business Standard reported that, The Tuticorin Port will develop coal handling facilities for state-run Neyveli Lignite Corporation (NLC) and Coasta ...
Monday, 25 May 09
MMTC TO IMPORT 12.5 MN TN COAL FOR NTPC
India's State-run trading firm MMTC Ltd will import 12.5 million tonnes of coal this fiscal for the country’s largest power producer, NTPC. M ...
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- Attock Cement Pakistan Limited
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
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- Sinarmas Energy and Mining - Indonesia
- Siam City Cement PLC, Thailand
- Savvy Resources Ltd - HongKong
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- Kepco SPC Power Corporation, Philippines
- Star Paper Mills Limited - India
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- Economic Council, Georgia
- Tamil Nadu electricity Board
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- Karaikal Port Pvt Ltd - India
- Mercuria Energy - Indonesia
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- Wilmar Investment Holdings
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- Aboitiz Power Corporation - Philippines
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- IHS Mccloskey Coal Group - USA
- Kohat Cement Company Ltd. - Pakistan
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- Global Business Power Corporation, Philippines
- Central Electricity Authority - India
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- Petrochimia International Co. Ltd.- Taiwan
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
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- New Zealand Coal & Carbon
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- Kartika Selabumi Mining - Indonesia
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- Malabar Cements Ltd - India
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- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- The Treasury - Australian Government
- VISA Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Sarangani Energy Corporation, Philippines
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- CIMB Investment Bank - Malaysia
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- Posco Energy - South Korea
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- Semirara Mining and Power Corporation, Philippines
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- GMR Energy Limited - India
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
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- Ministry of Mines - Canada
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
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- GN Power Mariveles Coal Plant, Philippines
- Kobexindo Tractors - Indoneisa
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Chamber of Mines of South Africa
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- Banpu Public Company Limited - Thailand
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- Bhushan Steel Limited - India
- Thiess Contractors Indonesia
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- Meenaskhi Energy Private Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Eastern Coal Council - USA
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Semirara Mining Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- European Bulk Services B.V. - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Dalmia Cement Bharat India
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- ASAPP Information Group - India
- McConnell Dowell - Australia
- Orica Australia Pty. Ltd.
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Essar Steel Hazira Ltd - India
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- Bulk Trading Sa - Switzerland
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Binh Thuan Hamico - Vietnam
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Medco Energi Mining Internasional
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- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
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- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Energy Development Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- Riau Bara Harum - Indonesia
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Xindia Steels Limited - India
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- Coal and Oil Company - UAE
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- PNOC Exploration Corporation - Philippines
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- Alfred C Toepfer International GmbH - Germany
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- Singapore Mercantile Exchange
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- Planning Commission, India
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