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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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Tuesday, 21 April 09
INDONESIAN GOVT TO ALLOW UNDERGROUND MINING IN PROTECTED FORESTS - THE JAKARTA POST
The government will issue a regulation allowing mining companies to carry out underground mining in protected forests.
"This regulation will ...
Tuesday, 21 April 09
INDONESIAN GOVT LIKELY TO MISS INVESTMENT TARGETS FOR ENERGY, MINING - THE JAKARTA POST
The total value of investments in energy and mining sectors by the end of the year is likely to be below the government’s target, as a result of ...
Monday, 20 April 09
INDONESIAN COAL MINING ASSOCIATION CALLED TO CONTROL MINERS - MAJALA TAMBANG
The Indonesian Coal Mining Association (ICMA) is called to expand its membership further in view of controlling the conduct of miners in the nationa ...
Monday, 20 April 09
BANPU PLANS TO SHIP 2 MLN T COAL TO CHINA IN 09 - REUTERS
Banpu, Thailand's largest coal miner, plans to increase coal shipments to China by about 30 percent to 2 million tonnes in 2009, company officials ...
Monday, 20 April 09
INDO TAMBANGRAYA 2009 OUTPUT TO GO UP 16% - THE JAKARTA POST
Indonesia's third largest coal producer, publicly listed PT Indo Tambangraya Megah (ITM), is targeting to raise production by 16 percent this year ...
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- SN Aboitiz Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- Jaiprakash Power Ventures ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Altura Mining Limited, Indonesia
- PowerSource Philippines DevCo
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Leighton Contractors Pty Ltd - Australia
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- Kartika Selabumi Mining - Indonesia
- MS Steel International - UAE
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Siam City Cement - Thailand
- Parliament of New Zealand
- Energy Development Corp, Philippines
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- New Zealand Coal & Carbon
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- Australian Coal Association
- GMR Energy Limited - India
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- Petrochimia International Co. Ltd.- Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Videocon Industries ltd - India
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- Posco Energy - South Korea
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Borneo Indobara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Mercator Lines Limited - India
- IEA Clean Coal Centre - UK
- Ceylon Electricity Board - Sri Lanka
- Coastal Gujarat Power Limited - India
- Vizag Seaport Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Bukit Makmur.PT - Indonesia
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- Karaikal Port Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Therma Luzon, Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Bukit Baiduri Energy - Indonesia
- Makarim & Taira - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- Ind-Barath Power Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- Petron Corporation, Philippines
- Bangladesh Power Developement Board
- Banpu Public Company Limited - Thailand
- Aboitiz Power Corporation - Philippines
- Planning Commission, India
- White Energy Company Limited
- Minerals Council of Australia
- The State Trading Corporation of India Ltd
- Port Waratah Coal Services - Australia
- Ministry of Transport, Egypt
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- Thiess Contractors Indonesia
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- Malabar Cements Ltd - India
- Global Business Power Corporation, Philippines
- Eastern Coal Council - USA
- The University of Queensland
- Samtan Co., Ltd - South Korea
- Madhucon Powers Ltd - India
- Chettinad Cement Corporation Ltd - India
- Wilmar Investment Holdings
- Sarangani Energy Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- VISA Power Limited - India
- Dalmia Cement Bharat India
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Formosa Plastics Group - Taiwan
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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