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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, 03 September 14
KOREA MIDLAND POWER CO. LTD INVITES BIDS FOR 1 MMT OF BITUMINOUS & SUB-BITUMINOUS COAL FOR BORYEONG POWER PLANT
COALspot.com: KOMIPO again in the market for 1 million tons of 5700 NAR and 4600 NAR coal for Jan – March 2015. South Korean state-owned util ...
Wednesday, 03 September 14
CFR S.CHINA COAL SWAP FOR JAN 2015 DELIVERY CLOSED AT $ 68.30 PMT; DOWN 2.43% W-O-W
COALspot.com: API 8 CFR South China Coal swap for delivery in October 2014 decreased US$ 0.95 (-1.39%) day on day and US$ 1.40 (-2.03%) week on wee ...
Tuesday, 02 September 14
BERAU COAL HAS AWARDED A CONTRACT EXTENSION TO BUMA FOR 647 MLN BCM OVERBURDEN REMOVAL
COALspot.com: PT Delta Dunia Makmur Tbk (“DOID”) has announced that its primary operating subsidiary, PT Bukit Makmur Mandiri Utama (&l ...
Monday, 01 September 14
GLOBALCOAL WELCOMES TWO NEW MARKET MEMBERS
COALspot.com: globalCOAL® announced today that two Market Members have joined its trading community. Both new Market Members are from the India ...
Sunday, 31 August 14
COAL FREIGHT RATES INTO INDIA FROM INDONESIA FIRM
COALspot.com: The freight market continued to firm this week. BDI up 5.42 percent week ended 29 August and closed at 1147 points while the Ca ...
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- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
- CIMB Investment Bank - Malaysia
- Petron Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Uttam Galva Steels Limited - India
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- Romanian Commodities Exchange
- Cigading International Bulk Terminal - Indonesia
- Malabar Cements Ltd - India
- Mercuria Energy - Indonesia
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- International Coal Ventures Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- PTC India Limited - India
- Posco Energy - South Korea
- Economic Council, Georgia
- MS Steel International - UAE
- Orica Australia Pty. Ltd.
- Bukit Makmur.PT - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Simpson Spence & Young - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Indogreen Group - Indonesia
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- Central Java Power - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
- Leighton Contractors Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- London Commodity Brokers - England
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maharashtra Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Grasim Industreis Ltd - India
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- Global Coal Blending Company Limited - Australia
- Rashtriya Ispat Nigam Limited - India
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Cement Manufacturers Association - India
- Commonwealth Bank - Australia
- Billiton Holdings Pty Ltd - Australia
- Asmin Koalindo Tuhup - Indonesia
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- India Bulls Power Limited - India
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Metalloyd Limited - United Kingdom
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- Intertek Mineral Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Thai Mozambique Logistica
- Agrawal Coal Company - India
- Electricity Generating Authority of Thailand
- Salva Resources Pvt Ltd - India
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Kaltim Prima Coal - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- ICICI Bank Limited - India
- GVK Power & Infra Limited - India
- White Energy Company Limited
- Indonesian Coal Mining Association
- Borneo Indobara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- Coal and Oil Company - UAE
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bangladesh Power Developement Board
- Energy Link Ltd, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- Goldman Sachs - Singapore
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