We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Monday, 20 July 09
BANPU'S SECOND-HALF PROFIT MAY DROP ON COAL PRICES
 Bloomberg Reported that, Banpu Pcl, Thailand’s biggest coal producer, expects profit to decline in the second half from the first six months after the price of the fuel fell because of the global recession and on lower earnings from its power unit.
The company has contracted to sell coal from mines in China, Indonesia and Thailand at “slightly” more than $60 a metric ton on average in the six months to Dec. 31, Chief Executive Officer Chanin Vongkusolkit said in an interview in Bangkok today. That’s about 29 percent lower than $84 a ton in the first quarter. He didn’t give a figure for the April to June period.
Bangkok-based Banpu posted a record quarterly profit in the first three months of 2009 as it benefited from locking in supply contracts when prices surged to a record in July last year. Power-station coal at Australia’s Newcastle port, a benchmark for Asia, has slumped more than 60 percent in a year as the worst recession since World War II sapped energy demand.
“It’s hard to achieve those unprecedented earnings,” Chanin said in his office at Banpu’s headquarters. “Power plants will also need maintenance shutdowns in the second half after running ahead of output projections in the first six months.”
Unit BLCP Power Ltd. plans to shut its 1,400-megawatt plant in Rayong province, 200 kilometers (124 miles) east of Bangkok, for a month later this year, he said.
Banpu has climbed 46 percent this year in Bangkok trading, outpacing the 36 percent gain in Thailand’s benchmark SET Index. The stock was up 2.2 percent at 333 baht at 2:39 p.m. local time.
Profit, Acquisitions
Net income in the first quarter more than doubled from a year earlier to 4.8 billion baht ($141 million). Banpu, due to report earnings on Aug. 10, probably posted a profit of 3.14 billion baht in the second quarter, according to the median estimate of five analysts in a Bloomberg survey. That would bring first-half net income to 7.94 billion baht, an 82 percent increase from a year earlier.
Banpu, which has invested in the power business in countries such as China and Laos, is looking to acquire more coal mines and power plants, Chanin said. The recession offers buying opportunities because owners of unprofitable assets are more willing to negotiate, he said.
“The prices of mines and power plants are more reasonable after surging beyond reality last year,” Chanin said. “The company will swiftly make a decision as soon as there is a viable opportunity.”
Banpu on July 8 lost a bid to DMCI Holdings Inc. for a 600- megawatt coal-fired power plant in a Philippine government auction.
Sales Outlook
The company’s coal sales in 2010 may rise by at least 10 percent from an estimated 20.5 million tons this year on new mines in Indonesia, its biggest production base, and China, he said. Banpu mainly produces coal used in power stations and ships it to customers in Japan, South Korea and Taiwan.
Banpu locked in about 30 percent of next year’s estimated coal output through forward contracts and other derivatives, Chanin said. The average selling price was little changed from an average estimate of $72 a ton for 2008, he said.
Power station coal prices at Australia’s Newcastle port reached a record $194.79 a ton in July 2008 before tumbling to $76.23 a ton in the week ended July 17, according to globalCOAL NEWC Index.
Source: Bloomberg
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Thursday, 30 July 09
KOMIPO OFFERED 3 MILLION MT IN TENDER, TEN TIMES OVERSUBSCRIBED
Korea Midland has received offers for 3 million mt of bituminous steam coal in its latest tender despite the power utility seeking only 300,000 mt, ...
Thursday, 30 July 09
PNOC FORGES JOINT VENTURES AS STEPS UP COAL OPERATIONS
The Philippine National Oil Co.-Exploration Corp. has entered joint venture agreements with food and beverage conglomerate San Miguel and Filipinas ...
Thursday, 30 July 09
NAMANE OF SOUTH AFRICA IN SUDAN COAL DEAL, BUSINESS REPORT SAYS
Namane of South Africa in Sudan Coal Deal, Business Report Says
Namane Resources Ltd. of South Africa signed a coal-supply agreement with the Nat ...
Wednesday, 29 July 09
RP COAL DEMAND TO SURGE BY 2014 - PHILIPPINES UPDATE
CEBU, Philippines - With the entry of new coal-fired power generation plants in the Philippines, the Department of Energy (DOE) projected an increas ...
Wednesday, 29 July 09
INDIA HUNGRY FOR OUR COKING COAL ASSETS
The Australian reported that, INDIA is about to embark on a program of rapid coal sector acquisitions in Australia as it looks to plug a huge annual ...
|
|
|
Showing 6546 to 6550 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- Malabar Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Siam City Cement - Thailand
- Semirara Mining and Power Corporation, Philippines
- Bangladesh Power Developement Board
- White Energy Company Limited
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Meralco Power Generation, Philippines
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- Thai Mozambique Logistica
- Neyveli Lignite Corporation Ltd, - India
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Indogreen Group - Indonesia
- Indian Energy Exchange, India
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- Videocon Industries ltd - India
- Economic Council, Georgia
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sinarmas Energy and Mining - Indonesia
- SMC Global Power, Philippines
- Heidelberg Cement - Germany
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- Formosa Plastics Group - Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- Jindal Steel & Power Ltd - India
- Orica Mining Services - Indonesia
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- Altura Mining Limited, Indonesia
- Petron Corporation, Philippines
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Madhucon Powers Ltd - India
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Independent Power Producers Association of India
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- PTC India Limited - India
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Carbofer General Trading SA - India
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- Global Coal Blending Company Limited - Australia
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- The University of Queensland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- IEA Clean Coal Centre - UK
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- Minerals Council of Australia
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- Semirara Mining Corp, Philippines
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- Latin American Coal - Colombia
- Bharathi Cement Corporation - India
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indonesian Coal Mining Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- Ind-Barath Power Infra Limited - India
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- Sical Logistics Limited - India
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Global Business Power Corporation, Philippines
- Attock Cement Pakistan Limited
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Electricity Generating Authority of Thailand
- Planning Commission, India
- Kapuas Tunggal Persada - Indonesia
- Simpson Spence & Young - Indonesia
- TeaM Sual Corporation - Philippines
- Coalindo Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Edison Trading Spa - Italy
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- Ministry of Mines - Canada
- Central Electricity Authority - India
- Asmin Koalindo Tuhup - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Parliament of New Zealand
|
| |
| |
|
