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Friday, 28 August 15
BANPU STRENGTHENS GROWTH PLAN
 Coal Business: Asia-Pacific Synergies Increase Competitiveness for Premium Export Market.
Banpu Public Company Limited (BANPU) strengthens its growth towards sustainability, and creates added value for all stakeholders with business expansions covering a range of conventional and renewable energies across the Asia-Pacific. In the first half of 2015, the company’s sales revenues totaled USD 1,291 million (approximately THB 42,534 million*).
According to company’s note posted on company’s website, leveraging on its regional presence, the company fills the demand gap of high-quality coal with premium-grade blends based on its Indonesian and Australian reserves. In a broader perspective, Banpu has recently invested in multiple Japanese solar power projects, along with increasing the generating capacity of its power plants in China. As the Hongsa Power Project (HPC) begins to turn profits and will be at full capacity from Q2/2016 onwards, Banpu will also look for opportunities to invest in diverse power projects in the region.
“Thanks to our company-wide cost control effort and efficient cash flow management, the total cost of sales in the first half of 2015 reduced by 17 percent year on year, a saving of USD 171 million (approx. THB 5,233 million), to USD 865 million (approx. THB 28,494 million). So we are progressing into the second half with reliable growth. All projects are developing as planned,” said Ms. Somruedee Chaimongkol, Chief Executive Officer, Banpu Public Company Limited.
According to the note, the Banpu continues growing its power assets portfolio to cover a wider range of advanced conventional and renewable energies. The focus is on striking a balance considering economics, reliability, and environmental concerns. Banpu has invested in Japanese solar farms spread across the northern and central parts of the country with a total power generating capacity of 37 megawatts, equity-based.
“We are evaluating investment and acquisition opportunities in renewables throughout the Asia-Pacific, including China, India, and other ASEAN countries. These types of projects offer the advantage of a short lead time, plus short payback period. Banpu expects to scale up renewable power generation to 200 megawatts within a 3-year timeframe,” added Ms. Somruedee.
Over the course of the year, Banpu will continue its emphasis on improving productivity and reducing operating costs of its coal operations in Indonesia, Australia, and China, at the same time managing for price competitiveness and developing custom-quality blends for premium markets. By year-end 2015, Banpu expects its coal production output from Indonesia, Australia, and China to reach 48.5 million tonnes.
In the first half of 2015, Banpu’s coal production output from Indonesia reached 13.7 million tonnes. Australia’s Centennial Coal Co., Ltd., in which Banpu holds 100 percent equity, produced 7.4 million tonnes despite some mines undergoing care & maintenance schedules. Gaohe mine and Hebi mine in China, together produced 2.3 million tonnes, equity basis.
In China, Banpu’s coal operation productivity has been transformed over the past few years by leveraging the expertise of Centennial Coal’s knowledge and advance technology, resulting in a continuously improved annual production rate. Gaohe mine, for example, now produces as much as 10 million tonnes of coal a year, compared to six million tonnes in years earlier.
During the first half of 2015, coal business has generated gross revenue of USD 1,192 million (approx. THB 39,266 million), equivalent to 93 percent of the company’s total gross revenue. The company’s average selling price (ASP) was at USD 56.41 per tonne (approx. THB 1,851 per tonne).
“Banpu’s saleable reserves from all countries amount to approximately 600 million tonnes. We are ready to capture maximum value from price recovery, and continue exploring potential acquisitions in Indonesia and Australia to increase our reserves. A major determining factor is securing resources with the right fit to match our current product and marketing strategy as we aim to export to markets in need of high-quality blends, such as Japan, Korea, and Taiwan,” concluded Ms. Somruedee. (*Exchange Rate of USD 1 = THB 32.95)
About Banpu
Banpu is a coal-mining and power generation group with a presence in eight countries across the Asia-Pacific region: Thailand, Lao PDR, Indonesia, Singapore, Australia, China, Mongolia and Japan. As at 30 June 2015, Banpu’s assets totaled USD 6,657 million (approximately THB 224,863 million) while total liabilities were USD 4,329 million (approximately THB 148,339 million).
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Tuesday, 25 August 15
INDONESIA MINERS' NPLS TO RISE FURTHER, BANK RISKS BUILD - FITCH
The NPLs of Indonesian mine and mine services companies are likely to rise further in the short term, says Fitch Ratings, after reaching multi-year ...
Tuesday, 25 August 15
MINER'S EARNINGS DROP ON FALLING COAL PRICES; Q2'16 FOB RICHARDS BAY COAL SWAP CLOSED AT $ 52.23 A TON
COALspot.com: API4 FOB Richards Bay Coal swap for delivery 4Q' 2015 declined month over month and week over week.
The 4Q swap was down US$ ...
Monday, 24 August 15
FOB NEWCASTLE COAL SWAPS HIT FRESH LOW, DIPPING BELOW $42 A TON
COALspot.com: API 5 FOB Newcastle Coal swap for 4Q’ 2015 delivery down $ 2.20 per MT (-5.01%) month over month to US$ 41.70 per mt. The swap ...
Monday, 24 August 15
Q1'16 CFR SOUTH CHINA COAL SWAP CLOSED AT $ 48.65 PMT
COALspot.com: API 8 CFR South China Coal swap for 4Q’ 2015 delivery declined just US$ 1.89 (3.74%) per MT month over month.
A commodity ...
Monday, 24 August 15
IS CHINA'S STEEL EXPORTS ENOUGH TO SUPPORT THE FREIGHT MARKET? - BIMCO
No, it’s not enough, you will need lower Chinese iron ore production too in order to keep growing imports of iron ore into China that will su ...
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- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- India Bulls Power Limited - India
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Tamil Nadu electricity Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- Planning Commission, India
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- The University of Queensland
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- Siam City Cement PLC, Thailand
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Price Waterhouse Coopers - Russia
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Anglo American - United Kingdom
- Posco Energy - South Korea
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Xindia Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Parliament of New Zealand
- Chettinad Cement Corporation Ltd - India
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Wilmar Investment Holdings
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ASAPP Information Group - India
- Minerals Council of Australia
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- Central Electricity Authority - India
- Independent Power Producers Association of India
- Latin American Coal - Colombia
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- London Commodity Brokers - England
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- Iligan Light & Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- Karbindo Abesyapradhi - Indoneisa
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Borneo Indobara - Indonesia
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- Bhushan Steel Limited - India
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bhatia International Limited - India
- Eastern Energy - Thailand
- LBH Netherlands Bv - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- Simpson Spence & Young - Indonesia
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- Directorate Of Revenue Intelligence - India
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- Larsen & Toubro Limited - India
- Africa Commodities Group - South Africa
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- Global Business Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- Jorong Barutama Greston.PT - Indonesia
- Kumho Petrochemical, South Korea
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Savvy Resources Ltd - HongKong
- Banpu Public Company Limited - Thailand
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
- PTC India Limited - India
- Heidelberg Cement - Germany
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Interocean Group of Companies - India
- Directorate General of MIneral and Coal - Indonesia
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