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Thursday, 28 August 14
BANPU REPORTS HIGHER FIRST-HALF YEAR RESULTS FOR 2014
 COALspot.com: Banpu Public Company Limited (BANPU) reports higher first half-year financial results for 2014 having its gross profit increasing 3 percent to USD 513 million (THB 16.706 billion) compared to the same period a year ago of USD 500 million (THB 14.920 billion). According to press release of Banpu, this is largely due to consistent revenues from its power business, success in cost reduction and profits from coal swaps.
Banpu CEO Mr. Chanin Vongkusolkit said that during the first half-year of 2014 (January 1-June 30), although total sales revenues were down 8 percent to USD 1.549 billion (THB 50.447 billion) from the same period the previous year, thanks to effective Company management, Banpu recorded a better performance. USD 1.442 billion was generated from coal sales which accounted of 93 per cent of the total income. Coal sales from Indonesia amounted to USD 981 million while the remaining USD 461 million were from Australian mines. Meanwhile, Banpu also generated USD 92 million from sales of power and steam, accounting for 6 per cent of its total revenues.
Banpu's press release furhter said that, the first half-year financial results were satisfactory as they were largely driven by efficient sales. A total of 22.8 million tons of coal from the three countries of Indonesia, Australia and China had been sold. The majority of coal volume sold came from Banpu’s production bases in Indonesia and Australia which represented 13.8 million tons and 7.1 million tons, respectively. When combining with revenue expansion from its power business, Banpu’s overall performance was as anticipated. This year, Banpu expects to sell approximately 48 million tons of coal from its mines in the three countries.
CEO Chanin Vongkusolkit added that “production and sales volumes of coal from Banpu’s Australian sites during the first half year progressed according to plan as a result of new machine replacement at Mandalong Mine and resumption of coal production at Airly Mine after a temporary shutdown. Together with measures to improve productivity, our coal business in Australia was able to operate more efficiently which contributed to the growth of our gross profit,” he said.
Overall, the average selling price (ASP) of coal during the first half of 2014 fell 9 per cent to USD 68.1 per ton from USD 71.1 per ton a year earlier which corresponded with the downturn of the coal price in the world market where the ASP of Indonesian and Australian coal were USD 69.6 per ton and USD 71.58 per ton, respectively.
Banpu continued as planned to tighten its production costs while enhancing its operation efficacy This mitigated the effect from falling coal prices. Compared to the first half year of 2013, Indonesian coal mines were able to reduce their production costs by 14.6 percent while Australian mines witnessed their costs trimmed by 3.4 per cent. Similarly, the power business also reported a strong financial result as Thailand’s BLCP Power Plant had recognized USD 50.6 million revenue up 12 percent year on year. Meanwhile, construction of the Hongsa Power Plant in Laos PDR is now 90 per cent complete as planned and expects to kick off its commercial operation in mid-2015.
About Banpu
Banpu Public Company Limited is a pan-Asian energy company which manages coal and related businesses clustered in six countries, namely Thailand, Indonesia, China, Australia, Laos PDR and Mongolia.
As of June 30, 2014, Banpu’s assets totaled USD 7.256 billion (equivalent to THB 235.510 billion) while total liabilities were USD 4.609 billion (equivalent to THB 149.606 billion).
The Net Debt to Equity ratio as of June 30, 2014 was 1.09 times as compared to 1.10 times as of December 31, 2013; the Earnings per Share (EPS) was at US$ 0.008 per share (equivalent to THB 0.2654 per share) as compared to USD 0.005 per share (THB 0.160 per share) a year ago.
Source: Banpu
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Wednesday, 12 June 24
CHINA ACCOUNTS FOR 16.3% OF AUSTRALIA'S COAL EXPORTS, FOLLOWED BY INDIA 14.4% - BANCHERO COSTA
Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels says Banchero Costa in its latest report.
...
Wednesday, 12 June 24
LNG NEWBUILDING VALUES AT RECORD HIGH: 78 NEWBUILD ORDERS PLACED IN 2024, DOUBLING 2023 - VESON NAUTICAL
The number of LNG newbuilding orders have more than doubled from the same period last year where 34 orders were placed, compared to 78 in the first ...
Monday, 10 June 24
CHINA'S MAY COAL IMPORTS RISE 11% ON LOWER DOMESTIC OUTPUT - REUTERS
China’s imports of coal rose 11% in May from a year earlier, customs data and Reuters records showed on Friday, as lower domestic output this ...
Tuesday, 04 June 24
HOW DO WESTERN SANCTIONS ON RUSSIA IMPACT THE GLOBAL METALS, MINING AND COAL MARKETS - WOOD MACKENZIE
The geopolitical landscape for Russia, as a major supplier of various commodities, has undergone a dramatic transformation since the invasion of Uk ...
Friday, 22 March 24
CASE STUDY: DANGERS OF COAL CARGO - SKULD
Recently, a bulk cargo vessel carrying coal from South Africa to Singapore suffered a fatal accident, resulting in the deaths of three crew members ...
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- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- Binh Thuan Hamico - Vietnam
- Parliament of New Zealand
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Metalloyd Limited - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Krishnapatnam Port Company Ltd. - India
- VISA Power Limited - India
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- CIMB Investment Bank - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- IEA Clean Coal Centre - UK
- SMG Consultants - Indonesia
- Mercuria Energy - Indonesia
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Orica Mining Services - Indonesia
- The University of Queensland
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Kaltim Prima Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- ASAPP Information Group - India
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- GMR Energy Limited - India
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parry Sugars Refinery, India
- Ambuja Cements Ltd - India
- Independent Power Producers Association of India
- Indogreen Group - Indonesia
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- MS Steel International - UAE
- Malabar Cements Ltd - India
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- Barasentosa Lestari - Indonesia
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
- Directorate General of MIneral and Coal - Indonesia
- Coalindo Energy - Indonesia
- PTC India Limited - India
- Thai Mozambique Logistica
- Electricity Generating Authority of Thailand
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
- Leighton Contractors Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Deloitte Consulting - India
- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- Petron Corporation, Philippines
- Minerals Council of Australia
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Videocon Industries ltd - India
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Alfred C Toepfer International GmbH - Germany
- Rashtriya Ispat Nigam Limited - India
- IHS Mccloskey Coal Group - USA
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Eastern Energy - Thailand
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Romanian Commodities Exchange
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- Iligan Light & Power Inc, Philippines
- The Treasury - Australian Government
- Savvy Resources Ltd - HongKong
- Neyveli Lignite Corporation Ltd, - India
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- White Energy Company Limited
- GVK Power & Infra Limited - India
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- Semirara Mining and Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Kumho Petrochemical, South Korea
- Altura Mining Limited, Indonesia
- Essar Steel Hazira Ltd - India
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Price Waterhouse Coopers - Russia
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Posco Energy - South Korea
- Singapore Mercantile Exchange
- Marubeni Corporation - India
- Aditya Birla Group - India
- Port Waratah Coal Services - Australia
- Simpson Spence & Young - Indonesia
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