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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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Thursday, 21 August 14
PREDICTIONS FROM VARIOUS SHIPPERS AND MINING INDUSTRY FOR 2ND HALF YEAR AND ESPECIALLY Q4 IS POSITIVE
Handy
The activity has increased in both hemispheres this week and we see rates edging up on all trades. TA´s are now paying around 8k whic ...
Thursday, 21 August 14
SHIP OWNERS KEEP SHYING AWAY FOR NEW SHIP INVESTMENTS, OVERALL TREND IS DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Ship owners have remained in the sidelines of the Sale & Purchasing market for second hand vessels, during most of August, while they also slow ...
Wednesday, 20 August 14
DRY BULK MARKET TO REBOUND IN THE FOURTH QUARTER, OR NOT....- NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The projected rebound of the dry bulk market is still an elusive trend and shipbrokers and analysts are looking to identify the timing of the loomi ...
Monday, 18 August 14
CAPESIZE RATES TO RISE TO MUCH HIGHER LEVELS THIS YEAR - JEFFREY LANDSBERG
COALspot.com: Capesize rates ended last week at $15,561/day, which marked a week-on-week increase of $6,167 (66%). Capesize rates have been a ...
Monday, 18 August 14
SUB-BIT FOB INDONESIA COAL SWAP CLOSED AT $58.60 FOR SEPTEMBER 2015; UP $4 FROM SEPTEMBER 2014 CLOSING
COALspot.com: Indonesian coal swaps for average September 2014 decreased US$ 0.15 (-0.27%) day on day and US$ 0.75 (-1.36%) per mt week on week. Th ...
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- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- Aditya Birla Group - India
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Eastern Energy - Thailand
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- Attock Cement Pakistan Limited
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- Deloitte Consulting - India
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- Carbofer General Trading SA - India
- Billiton Holdings Pty Ltd - Australia
- Tamil Nadu electricity Board
- Gujarat Electricity Regulatory Commission - India
- Economic Council, Georgia
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- Oldendorff Carriers - Singapore
- Kapuas Tunggal Persada - Indonesia
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- Jaiprakash Power Ventures ltd
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Lanco Infratech Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- Mercator Lines Limited - India
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Binh Thuan Hamico - Vietnam
- SN Aboitiz Power Inc, Philippines
- Larsen & Toubro Limited - India
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- Offshore Bulk Terminal Pte Ltd, Singapore
- Power Finance Corporation Ltd., India
- SMC Global Power, Philippines
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Mineral Development Corp Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- Essar Steel Hazira Ltd - India
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- Medco Energi Mining Internasional
- Timah Investasi Mineral - Indoneisa
- Eastern Coal Council - USA
- Thiess Contractors Indonesia
- Indika Energy - Indonesia
- Australian Coal Association
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- VISA Power Limited - India
- Thai Mozambique Logistica
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Goldman Sachs - Singapore
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Bharathi Cement Corporation - India
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- Ministry of Finance - Indonesia
- LBH Netherlands Bv - Netherlands
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- Sakthi Sugars Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- PowerSource Philippines DevCo
- Parry Sugars Refinery, India
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- The University of Queensland
- Maheswari Brothers Coal Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Anglo American - United Kingdom
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- The Treasury - Australian Government
- Ministry of Mines - Canada
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- Global Coal Blending Company Limited - Australia
- Energy Development Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- Standard Chartered Bank - UAE
- Mercuria Energy - Indonesia
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- India Bulls Power Limited - India
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- OPG Power Generation Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- Bangladesh Power Developement Board
- Planning Commission, India
- Sical Logistics Limited - India
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- Georgia Ports Authority, United States
- South Luzon Thermal Energy Corporation
- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
- Bhushan Steel Limited - India
- Global Business Power Corporation, Philippines
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