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Friday, 26 February 10
BANPU PROFITS SURGE BY 54% TO RECORD B14BN ON BRISK SALES
 Banpu Plc, Asean's largest coal miner, said its earnings surged to a record high of 14.23 billion baht last year, an increase of 54% on the previous year.
Higher-than-expected coal sales and solid results in the power sector helped create the record profits, said chief executive Chanin Vongkusolkit.
Coal sales totalled 21.09 million tonnes last year, up 14% and beating the company's forecast of 20.5 million, he said.
Banpu's average selling price was $71.70 per tonne, on par with the $72 quoted the previous year. Even though the average benchmark coal price dropped by 44% during the year, the company started fixing prices for coal contracts from mid-2008 when the market price was strong, he said.
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“ The new Indominco East Block also began production, resulting in 14% higher output to 12.16 million tonnes at Banpu's biggest mine. As well, the Kitadin-Embalut mine resumed operations after being shut down for a few years, contributing 610,000 tonnes”
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"Lower rainfall allowed better Indonesian coal output," said Mr Chanin. "China coal operations reported solid performance and favourable coal prices as a reflection of sustained domestic consumption."
All of the company's mines in Kalimantan, in Indonesia, operated with higher efficiency. Trubaindo and Jurong ran at full capacities of 5.13 million and 2.96 million tonnes, respectively.
The new Indominco East Block also began production, resulting in 14% higher output to 12.16 million tonnes at Banpu's biggest mine. As well, the Kitadin-Embalut mine resumed operations after being shut down for a few years, contributing 610,000 tonnes.
Coal revenue rose 15% to 52.7 billion baht, or 91% of Banpu's total sales of 57.86 billion, which also rose by 15% year-on-year, he said.
"The coal business performed in line with our projection in the final quarter of last year with shipments of 7.2 million tonnes, up 35% from the previous quarter. This helped offset the 7% quarter-on-quarter decrease in coal prices to $64.7 a tonne," Mr Chanin said.
The power business also reported sound results with sales of power and steam rising 13% to 5.16 billion baht. Thanks to lower coal costs and higher prices of electricity and steam in China, net profit at Banpu's three plants on the mainland rose to 591 million baht in 2009 from 160 million the year before.
BLCP, in which Banpu holds an equal share with Electricity Generating Plc (Egco), continued to run at high capacity and contributed 3.4 billion baht in equity income, a rise of 8% from 2008.
Earnings per share rose 54% to 52.36 baht from 33.96 baht in 2008.
Banpu also booked a "significant gain" of 2.87 billion baht from a coal swap, compared to a loss of 218 million loss the year before, said Mr Chanin.
BANPU shares closed yesterday on the SET at 536 baht, up 4 baht, in trade worth 770 million baht.
Source: Bangkok Post - Nareerat Wiriyapong
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Monday, 12 April 10
INDIA'S NALCO TO INVEST BIG IN INDONESIA'S ALUMINIUM PROJECT - BERNAMA
Bernama reported that, India's state- owned National Aluminium Company Ltd (Nalco) is to pump in massive investment to set up a aluminium smelter a ...
Saturday, 10 April 10
VESSELS OPEN N. CHINA WERE SEEN FIXED AT HIGH TEENS FOR TRIP VIA INDONESIA TO INDIA - VISTAAR SINGAPORE
COALspot.com: The BDI indices was almost at same levels was down by only 2.6 pct.
The cape index was down by almost 13 pct, which appears to be s ...
Saturday, 10 April 10
KRISHNAPATNAM PORT GROWS BY ALMOST 100% IN ITS SECOND YEAR OF OPERATIONS
COALspot.com ( Press Release): It has been a year of setting numerous records for Krishnapatnam Port. Krishnapatnam Port is only in its second year ...
Saturday, 10 April 10
TRANS-ASIA SEEKS SEMIRARA, INDO SUPPLIERS FOR COAL POWER PLANT - MANILA STANDARD TODAY
Manila Standard Today reported that, Trans-Asia Oil & Energy Development Corp., a unit of the Phinma Group, will tap Semirara Mining Corp. ...
Thursday, 08 April 10
THE FAR EAST SHIPPING MARKET FIRMING SINCE THE LAST WEEK
Handy
Little fresh interest early this week after the holidays. The BSI saw yest ...
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Showing 5891 to 5895 news of total 6871 |
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- GMR Energy Limited - India
- International Coal Ventures Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Therma Luzon, Inc, Philippines
- San Jose City I Power Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- Bayan Resources Tbk. - Indonesia
- Petron Corporation, Philippines
- Thiess Contractors Indonesia
- Indogreen Group - Indonesia
- Indonesian Coal Mining Association
- Indo Tambangraya Megah - Indonesia
- Carbofer General Trading SA - India
- Mercator Lines Limited - India
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Heidelberg Cement - Germany
- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- GAC Shipping (India) Pvt Ltd
- Price Waterhouse Coopers - Russia
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Riau Bara Harum - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Central Electricity Authority - India
- Mjunction Services Limited - India
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- PNOC Exploration Corporation - Philippines
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indian Energy Exchange, India
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Jorong Barutama Greston.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Ministry of Mines - Canada
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Wood Mackenzie - Singapore
- Oldendorff Carriers - Singapore
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Tata Chemicals Ltd - India
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Interocean Group of Companies - India
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Attock Cement Pakistan Limited
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Mercuria Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- Star Paper Mills Limited - India
- Videocon Industries ltd - India
- Borneo Indobara - Indonesia
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Deloitte Consulting - India
- Minerals Council of Australia
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Indian Oil Corporation Limited
- Australian Coal Association
- GVK Power & Infra Limited - India
- Semirara Mining Corp, Philippines
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Antam Resourcindo - Indonesia
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Wilmar Investment Holdings
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Siam City Cement - Thailand
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- Planning Commission, India
- Central Java Power - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- Orica Mining Services - Indonesia
- SMC Global Power, Philippines
- Ambuja Cements Ltd - India
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Latin American Coal - Colombia
- Jindal Steel & Power Ltd - India
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- Cement Manufacturers Association - India
- Lanco Infratech Ltd - India
- Banpu Public Company Limited - Thailand
- ASAPP Information Group - India
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Georgia Ports Authority, United States
- Maheswari Brothers Coal Limited - India
- Malabar Cements Ltd - India
- VISA Power Limited - India
- Romanian Commodities Exchange
- Kumho Petrochemical, South Korea
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chamber of Mines of South Africa
- Indika Energy - Indonesia
- Merrill Lynch Commodities Europe
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- Formosa Plastics Group - Taiwan
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