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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, 23 May 09
THE SPOT SUPRAMAX CONTINUED TO BE FIRM - VISTAAR SINGAPORE
COALspot.com (Singapore) : VISTAAR Shipping Pte Limited, an experienced ship operator from Singapore, said, the beginning of the week continued ...
Saturday, 23 May 09
INDONESIA'S COAL OUTPUT SLUMPS IN Q1 ON LOWER PRICES, FALLING DEMAND - THE JAKARTA GLOBE
Falling international coal prices, bad weather and other problems cut first-quarter coal output by 50 percent to 30 million tons against an initial ...
Saturday, 23 May 09
INDIAN GOVT PLANS TO BUILD FIVE COAL-BASED POWER PLANTS AT $3.5B TO END CRISIS - THE FINANCIAL EXPRESS
The government has started working on a plan to set up five coal-based power plants with combined capacity of 2,500 mega watt to solve the country' ...
Saturday, 23 May 09
INTERNATIONAL COAL VENTURES PVT LTD FORMED - INDIA SERVER
National Thermal Power Corporation Limited (NTPC Ltd), the largest thermal power generating company of India, has entered into a joint venture with ...
Friday, 22 May 09
CHURCHILL DOUBLES INDONESIAN COAL PROJECT RESOURCE ESTIMATE - STEEL GURU
Mining Weekly quoted Churchill Mining as saying that the resource at its East Kutai coal project in Indonesia has more than doubled to 3.18 billion ...
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- Meralco Power Generation, Philippines
- Chamber of Mines of South Africa
- Orica Australia Pty. Ltd.
- Energy Link Ltd, New Zealand
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- Holcim Trading Pte Ltd - Singapore
- The State Trading Corporation of India Ltd
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- Xindia Steels Limited - India
- London Commodity Brokers - England
- Australian Coal Association
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- Latin American Coal - Colombia
- Planning Commission, India
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Agrawal Coal Company - India
- Indo Tambangraya Megah - Indonesia
- Jaiprakash Power Ventures ltd
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- Deloitte Consulting - India
- ICICI Bank Limited - India
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- Borneo Indobara - Indonesia
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Banpu Public Company Limited - Thailand
- Binh Thuan Hamico - Vietnam
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- Iligan Light & Power Inc, Philippines
- Ministry of Mines - Canada
- New Zealand Coal & Carbon
- Bahari Cakrawala Sebuku - Indonesia
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- TeaM Sual Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kapuas Tunggal Persada - Indonesia
- Salva Resources Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- Kumho Petrochemical, South Korea
- MS Steel International - UAE
- TNB Fuel Sdn Bhd - Malaysia
- LBH Netherlands Bv - Netherlands
- Indika Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- Malabar Cements Ltd - India
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Sojitz Corporation - Japan
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- Wilmar Investment Holdings
- Anglo American - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Ministry of Transport, Egypt
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- Tamil Nadu electricity Board
- Thai Mozambique Logistica
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Coal Council - USA
- Renaissance Capital - South Africa
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Parliament of New Zealand
- Rio Tinto Coal - Australia
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Coastal Gujarat Power Limited - India
- Sree Jayajothi Cements Limited - India
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Ceylon Electricity Board - Sri Lanka
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Sical Logistics Limited - India
- Power Finance Corporation Ltd., India
- PTC India Limited - India
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Minerals Council of Australia
- Kohat Cement Company Ltd. - Pakistan
- India Bulls Power Limited - India
- Baramulti Group, Indonesia
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Tata Chemicals Ltd - India
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- Grasim Industreis Ltd - India
- Mercator Lines Limited - India
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
- Vedanta Resources Plc - India
- Indonesian Coal Mining Association
- GN Power Mariveles Coal Plant, Philippines
- PowerSource Philippines DevCo
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- VISA Power Limited - India
- Parry Sugars Refinery, India
- Kaltim Prima Coal - Indonesia
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Directorate General of MIneral and Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- ASAPP Information Group - India
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