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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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Saturday, 02 May 09
COAL PRICES TO RISE ON CHINESE SUPPLY, INDIAN DEMAND, UBS SAYS
Peter Hickson, an analyst with UBS AG in London, comments on prices for thermal coal, burned to generate power. He commented in a report today.
& ...
Friday, 01 May 09
DEUTSCHE, BECKKETT CLAIMING ADARO WIN - THE JAKARTA GLOBE
Both Deutsche Bank AG and Beckkett, an investment firm controlled by Indonesian tycoon Sukanto Tanoto, claimed victory on Tuesday after Singapore&rs ...
Thursday, 30 April 09
SAN MIGUEL IN TALKS TO BUY STAKE IN ADARO - REUTERS
San Miguel Corp is in talks to buy a stake worth about $500 million in Adaro Energy , Indonesia's largest coal producer by market value, the Philip ...
Wednesday, 29 April 09
BAYAN READY TO OPERATE WORLD'S LARGEST COAL QUALITY IMPROVEMENT FACILITY - MAJALAH TAMBANG
PT. Bayan Resources Tbk. (hereinafter referred to as Bayan), an Indonesian coal manufacturer, announced that they are ready to operate the world's ...
Wednesday, 29 April 09
NEW GOV'T REGULATION SHOULD INCORPORATE CONFLICT SETTLEMENT BODY - ICMA (MAJALAH TAMBANG)
A draft government regulation on mineral and coal is currently in a process of completion. The Indonesian Coal Mining Association (ICMA) proposed th ...
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- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- GMR Energy Limited - India
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- SMG Consultants - Indonesia
- Indika Energy - Indonesia
- Energy Link Ltd, New Zealand
- Salva Resources Pvt Ltd - India
- Ministry of Mines - Canada
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
- Central Java Power - Indonesia
- MS Steel International - UAE
- Port Waratah Coal Services - Australia
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- Ind-Barath Power Infra Limited - India
- Global Business Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Lanco Infratech Ltd - India
- Deloitte Consulting - India
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- Kalimantan Lumbung Energi - Indonesia
- CIMB Investment Bank - Malaysia
- The University of Queensland
- Independent Power Producers Association of India
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- Vizag Seaport Private Limited - India
- Gujarat Sidhee Cement - India
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- Attock Cement Pakistan Limited
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Parry Sugars Refinery, India
- Meralco Power Generation, Philippines
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- CNBM International Corporation - China
- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Videocon Industries ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- Indo Tambangraya Megah - Indonesia
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Minerals Council of Australia
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Singapore Mercantile Exchange
- Planning Commission, India
- Merrill Lynch Commodities Europe
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- Maheswari Brothers Coal Limited - India
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- Pipit Mutiara Jaya. PT, Indonesia
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Mercator Lines Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Dalmia Cement Bharat India
- Larsen & Toubro Limited - India
- Intertek Mineral Services - Indonesia
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Mercuria Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- Petron Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- Siam City Cement PLC, Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Eastern Coal Council - USA
- White Energy Company Limited
- Eastern Energy - Thailand
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- PTC India Limited - India
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Indogreen Group - Indonesia
- Directorate Of Revenue Intelligence - India
- Ministry of Transport, Egypt
- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Bayan Resources Tbk. - Indonesia
- Sakthi Sugars Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parliament of New Zealand
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- Jorong Barutama Greston.PT - Indonesia
- London Commodity Brokers - England
- Global Coal Blending Company Limited - Australia
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
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