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Tuesday, 12 May 09
BANPU'S PROFIT DOUBLES TO RECORD AFTER SALES JUMP - BLOOMBERG
 BANPU Pcl, Thailand’s biggest coal producer, reported first-quarter profit more than doubled to a record after higher prices for the fuel boosted sales.
Net income in the three months ended March 31 climbed to 4.8 billion baht ($139 million), or 17.65 baht a share, from 2.07 billion baht, or 7.63 baht a share, a year earlier, the company said today in a filing to the stock exchange. That exceeded the 3.38 billion-baht median profit estimate of 13 analysts surveyed by Bloomberg.
Bangkok-based Banpu, which has mines in China, Indonesia and Thailand, benefited from locking in contracts as prices surged to a record in July.
“Banpu is one of the few companies with solid earnings growth in 2009,” said Avin Sony, an analyst at ABN Amro Securities Co. in Bangkok. “Coal prices are also expected to be robust in the second quarter.”
Banpu’s shares gained as much as 2.3 percent to 318 baht and traded at 316 baht as of 10:14 a.m. local time, heading for its highest close since Sept. 26.
Sales rose 58 percent to 13.6 billion baht, according to Banpu’s statement. Coal shipments dropped 10 percent to 4.08 million metric tons in the quarter as the company closed a port in Indonesia for a week in February for maintenance, it said in separate statement.
Fuel Costs
The company’s average selling price of coal in the period surged 71 percent from a year earlier to $84.23 a ton as it signed forward contracts and increased the proportion of high- quality coal, it said.
Spot prices at Newcastle port in Australia, a benchmark for Asia, touched a record $194.79 a metric ton in July. The weekly price index gained 2.3 percent to $63.70 a ton last week, according to the globalCOAL NEWC index. Banpu gets almost all its coal from Indonesia, where it acquired its first mine in 1997.
The gross profit margin from its coal business widened to 55 percent in the first quarter from 37 percent in the same period last year on higher selling prices and lower fuel costs, the company said. The average diesel price was at 44 U.S. cents in the quarter, 52 percent lower than a year earlier, it said.
The profit increase was achieved by locking in contracts “when coal prices in the world were soaring,” Chief Executive Officer Chanin Vongkusolkit said in an e-mailed statement today. “The production cost at Indonesian coal mines also decreased due to lower diesel prices.”
Coal Swap
The company also booked a gain of 793.6 million baht from “the settlement of coal swap contracts” in the quarter, compared with a loss of 142 million baht from transactions in the same period last year, it said.
Coal sales in 2009 may rise 13 percent from the previous year to 20.5 million tons, Chanin said today, reiterating the forecast he made March 6. About 57 percent of the output this year was sold in advance at an average price of about $72 a ton, little changed from 2008, according to his statement in March.
The profit contribution from units in the first quarter climbed 34 percent to 2.06 billion baht, boosted by its coal business in China, the company said.
Banpu paid $420 million last June to buy the shares it didn’t already own in Asian American Coal Inc., which holds a 56 percent stake in China’s Shanxi Asian American-Daning Energy Co. Shanxi Asian has operated a mine in Shanxi province since 2006 under a 25-year concession. The mine has reserves of 88 million tons and produces 4 million tons a year, Banpu said at the time of the purchase.
Source: http://www.bloomberg.com/apps/news?pid=20601080&sid=aBESbuMUBPMY&refer=asia
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Tuesday, 12 May 09
INDIKA EXPECTS TO INCREASE COAL PRODUCTION BY 12.68% IN 2010 - THE JAKARTA POST
Energy and infrastructure company PT Indika Energy, the parent company of Indonesia's third largest coal producer PT Kideco Jaya Agung, expects its ...
Tuesday, 12 May 09
COAL IN PLACE, GMR PLANS 2,000-MW THERMAL PLANT - BUSINESS-STANDARD
GMR ENERGY, a subsidiary of Bangalore-based infrastructure company GMR Infrastructure Ltd, is planning to set up a 2,000-Mw thermal power plant near ...
Monday, 11 May 09
SOUTH AFRICA PROBLEMS SLOW INDIA COAL BUYING - MINE WEB
Indian imports of South African coal are likely to be close to 12 million tonnes in 2009, up from 10 million last year.
Indian coal buyers were a ...
Saturday, 09 May 09
THE WEEK SAW BIT OF HECTIC ACTIVITY IN THE FREIGHT MARKET - VISTAAR SHIPPING
COALspot.com (Singapore) : VISTAAR Shipping Pte Limited, one of the experienced ship operator in Singapore, said, the week saw bit of hectic ac ...
Saturday, 09 May 09
CHINA PLANS TO BUILD COAL STOCKPILE BASES IN SHANDONG - BLOOMBERG
China, the world’s largest coal producer and consumer, plans to build stockpiles of the fuel in the eastern province of Shandong to ensure sup ...
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- Ambuja Cements Ltd - India
- GMR Energy Limited - India
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Singapore Mercantile Exchange
- Lanco Infratech Ltd - India
- Renaissance Capital - South Africa
- Sakthi Sugars Limited - India
- Bhoruka Overseas - Indonesia
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- Indogreen Group - Indonesia
- Central Java Power - Indonesia
- Heidelberg Cement - Germany
- SMC Global Power, Philippines
- Thiess Contractors Indonesia
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- Kobexindo Tractors - Indoneisa
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- The University of Queensland
- London Commodity Brokers - England
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- CNBM International Corporation - China
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Latin American Coal - Colombia
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- CIMB Investment Bank - Malaysia
- PTC India Limited - India
- Wilmar Investment Holdings
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- Star Paper Mills Limited - India
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- SMG Consultants - Indonesia
- Iligan Light & Power Inc, Philippines
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- Riau Bara Harum - Indonesia
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- Sree Jayajothi Cements Limited - India
- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Chettinad Cement Corporation Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Kaltim Prima Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Merrill Lynch Commodities Europe
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Salva Resources Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- Deloitte Consulting - India
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Malabar Cements Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- Miang Besar Coal Terminal - Indonesia
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- Coalindo Energy - Indonesia
- Anglo American - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- GVK Power & Infra Limited - India
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- Intertek Mineral Services - Indonesia
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Altura Mining Limited, Indonesia
- Sindya Power Generating Company Private Ltd
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Energy Link Ltd, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- LBH Netherlands Bv - Netherlands
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
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