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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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Monday, 16 March 09
COAL MINER BUKIT ASAM RECORDS 135% GAIN IN NET PROFIT FOR 2008 - THE JAKARTA GLOBE
Indonesia's state-owned coal miner PT Tambang Batubara Bukit Asam Tbk said its net profit jumped 135 percent last year, having sold more coal at hi ...
Saturday, 14 March 09
NATIONAL ALUMINIUM TO IMPORT COAL NEXT MONTH TO EASE SHORTAGE - BLOOMBERG
Bloomberg reported that, National Aluminium Co., India’s biggest alumina maker, plans to import as much as 150,000 metric tons of coal next mo ...
Friday, 13 March 09
VIETNAM APPROVES TWO COAL-FIRED POWER PLANTS TO MEET DEMAND -THANHNIENNEWS
Thanhnien News reported that, The government has approved a proposal to build two 2,400-megawatt coal-fired power plants in the provinces of Nam Din ...
Friday, 13 March 09
INDONESIAN STATE-RUN COMPANIES PROFIT MAY FALL 10% THIS YEAR -THANHNIENNEWS
Tanhnien news reported that, Indonesian state-run companies’ profits may fall about 10 percent this year as commodity prices decline, cutting ...
Thursday, 12 March 09
INDONESIA'S CIREBON ELEC IN TALKS ON COAL SUPPLIES - REUTERS
Reuters reported that, Indonesia's PT Cirebon Electric Power, an independent power producer, is in talks with a number of coal suppliers to seek a ...
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- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Savvy Resources Ltd - HongKong
- Interocean Group of Companies - India
- Altura Mining Limited, Indonesia
- The University of Queensland
- Ministry of Finance - Indonesia
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- Kepco SPC Power Corporation, Philippines
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Mjunction Services Limited - India
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Salva Resources Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Port Waratah Coal Services - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Star Paper Mills Limited - India
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- Samtan Co., Ltd - South Korea
- Planning Commission, India
- Larsen & Toubro Limited - India
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- Kideco Jaya Agung - Indonesia
- Petron Corporation, Philippines
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Grasim Industreis Ltd - India
- Ministry of Transport, Egypt
- Sakthi Sugars Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- Minerals Council of Australia
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- India Bulls Power Limited - India
- GAC Shipping (India) Pvt Ltd
- White Energy Company Limited
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- London Commodity Brokers - England
- Madhucon Powers Ltd - India
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Thiess Contractors Indonesia
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Manunggal Multi Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- Bhushan Steel Limited - India
- Bukit Baiduri Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- Therma Luzon, Inc, Philippines
- Kumho Petrochemical, South Korea
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ambuja Cements Ltd - India
- Malabar Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement - Thailand
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Parliament of New Zealand
- Miang Besar Coal Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- Directorate General of MIneral and Coal - Indonesia
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Bangladesh Power Developement Board
- Toyota Tsusho Corporation, Japan
- Pendopo Energi Batubara - Indonesia
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- Borneo Indobara - Indonesia
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- AsiaOL BioFuels Corp., Philippines
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Makarim & Taira - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Goldman Sachs - Singapore
- Essar Steel Hazira Ltd - India
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- Posco Energy - South Korea
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- Indian Oil Corporation Limited
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- The Treasury - Australian Government
- Intertek Mineral Services - Indonesia
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
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