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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
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Thursday, 09 July 09
COAL AND OIL GROUP TO INVEST $300 MN TO BUY SHIPS AND ACQUIRE COAL MINE
Coal & Oil Group is planning to invest around $300 million (around Rs 1,500 crore) to buy new ships and to acquire coal mines. The company is pl ...
Thursday, 09 July 09
NO TRADE ON AUSTRALIA'S ASX COAL FUTURES DEBUT
*ASX's deliverable thermal coal futures debut without trade
*ASX says futures could present new arbitrage opportunities
The debut of Australia ...
Wednesday, 08 July 09
GERMAN COAL PRODUCTION DECREASED BY 31% TO ROUND 3.4 MILLION TON IN 1Q 2009 - COAL IMPORTERS ASSOCIATION, HAMBURG
COALspot.com (Germany):
World Coal Market
According to analysis of VEREIN DER KOHLENIMPORTEURE E.V. , On a quantity basis the s ...
Wednesday, 08 July 09
HUADIAN POWER BUYS INTO COAL MINERS
Huadian Power International Corporation - China's largest independent power producerCannounced Tuesday in a filing to the Shanghai Stock Exchange ...
Tuesday, 07 July 09
RICHARDS BAY TERMINAL COAL EXPORTS ROSE 7.2% IN JUNE
Richards Bay Coal Terminal Ltd., Africa’s largest coal-export facility, said shipments rose 7.2 percent in June from a year earlier.
Export ...
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- GAC Shipping (India) Pvt Ltd
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- TeaM Sual Corporation - Philippines
- Wood Mackenzie - Singapore
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- Sarangani Energy Corporation, Philippines
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Orica Australia Pty. Ltd.
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- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
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- Energy Development Corp, Philippines
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- Marubeni Corporation - India
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- Globalindo Alam Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
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- Petrochimia International Co. Ltd.- Taiwan
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- Electricity Generating Authority of Thailand
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- Offshore Bulk Terminal Pte Ltd, Singapore
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- VISA Power Limited - India
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- PowerSource Philippines DevCo
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Mintek Dendrill Indonesia
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
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- Planning Commission, India
- Indonesian Coal Mining Association
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- Merrill Lynch Commodities Europe
- IHS Mccloskey Coal Group - USA
- Thiess Contractors Indonesia
- Sojitz Corporation - Japan
- Asmin Koalindo Tuhup - Indonesia
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- New Zealand Coal & Carbon
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- Intertek Mineral Services - Indonesia
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- Georgia Ports Authority, United States
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- MS Steel International - UAE
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- Power Finance Corporation Ltd., India
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- Kumho Petrochemical, South Korea
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- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
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- Sree Jayajothi Cements Limited - India
- ASAPP Information Group - India
- Ind-Barath Power Infra Limited - India
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- Maharashtra Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Manunggal Multi Energi - Indonesia
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- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
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- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- Price Waterhouse Coopers - Russia
- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
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- Eastern Energy - Thailand
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- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
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- Economic Council, Georgia
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- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
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- PTC India Limited - India
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- Banpu Public Company Limited - Thailand
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- Wilmar Investment Holdings
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- Posco Energy - South Korea
- Makarim & Taira - Indonesia
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- Electricity Authority, New Zealand
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- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
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