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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 $64.7 a tonne," Mr Chanin said.
The power business also reported sound results with sales of power and steam rising 13% to 5.16 billion baht. Thanks to lower coal costs and higher prices of electricity and steam in China, net profit at Banpu's three plants on the mainland rose to 591 million baht in 2009 from 160 million the year before.
BLCP, in which Banpu holds an equal share with Electricity Generating Plc (Egco), continued to run at high capacity and contributed 3.4 billion baht in equity income, a rise of 8% from 2008.
Earnings per share rose 54% to 52.36 baht from 33.96 baht in 2008.
Banpu also booked a "significant gain" of 2.87 billion baht from a coal swap, compared to a loss of 218 million loss the year before, said Mr Chanin.
BANPU shares closed yesterday on the SET at 536 baht, up 4 baht, in trade worth 770 million baht.
Source: Bangkok Post - Nareerat Wiriyapong
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Thursday, 01 April 10
OWNERS WERE STILL BULLISH ON SHORT PERIOD NUMBERS, BUT CHARTERERS IN GENERAL WERE NOT READY TO PAY - BRS
SUPRA / HANDY
After several weeks of a rising market, the BSI lost 9% last week to close on Friday at US$ 27,677 per day for the TC routes. ...
Thursday, 01 April 10
PROFIT AT TWO INDONESIAN COAL MINERS SOARS AS RECOVERY STIRS GREATER DEMAND, HIGHER PRICES - THE JAKARTA GLOBE
The Jakarta Globe reported that, Two of the country’s biggest coal producers enjoyed a surge in profit last year as prices rose and demand pic ...
Thursday, 01 April 10
BHP BILLITON TO SELL STAKE IN MARUWAI TO ADARO - THE JAKARTA POST
The Jakarta Posted reported that, BHP Billiton has agreed to sell 25 percent of its stake in the Maruwai Coal Project in Kalimantan to Indonesia&rsq ...
Thursday, 01 April 10
AUSTRALIAN COAL PRODUCER REJECTS $3 BILLION PEABODY OFFER - STL TODAY
STL today reported that, Australian coal producer Macarthur Coal Ltd. rejected a $3 billion cash takeover bid from Peabody Energy Corp., which seeks ...
Thursday, 01 April 10
TATA POWER EYES MORE COAL FROM INDONESIA FOR ITS FUTURE PLANTS - FINANCIAL EXPRESS
Financial Expressreported that, Tata Power, one of the largest private sector power utilities in the country with interests in generation, transmiss ...
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Showing 5906 to 5910 news of total 6871 |
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- Bhushan Steel Limited - India
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Sinarmas Energy and Mining - Indonesia
- Mercuria Energy - Indonesia
- Vedanta Resources Plc - India
- Kaltim Prima Coal - Indonesia
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Xindia Steels Limited - India
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- Coal and Oil Company - UAE
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Ministry of Finance - Indonesia
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- SMG Consultants - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Romanian Commodities Exchange
- Jaiprakash Power Ventures ltd
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- PowerSource Philippines DevCo
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- Interocean Group of Companies - India
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Bulk Trading Sa - Switzerland
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Bhoruka Overseas - Indonesia
- International Coal Ventures Pvt Ltd - India
- Lanco Infratech Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- TeaM Sual Corporation - Philippines
- Africa Commodities Group - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Cement Manufacturers Association - India
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Altura Mining Limited, Indonesia
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sarangani Energy Corporation, Philippines
- VISA Power Limited - India
- Orica Australia Pty. Ltd.
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Billiton Holdings Pty Ltd - Australia
- Singapore Mercantile Exchange
- Eastern Energy - Thailand
- White Energy Company Limited
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Therma Luzon, Inc, Philippines
- Videocon Industries ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Electricity Authority, New Zealand
- San Jose City I Power Corp, Philippines
- Wilmar Investment Holdings
- Medco Energi Mining Internasional
- Parliament of New Zealand
- Indika Energy - Indonesia
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- Kohat Cement Company Ltd. - Pakistan
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Leighton Contractors Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- The State Trading Corporation of India Ltd
- CIMB Investment Bank - Malaysia
- Indonesian Coal Mining Association
- Indian Energy Exchange, India
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- Trasteel International SA, Italy
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- European Bulk Services B.V. - Netherlands
- Parry Sugars Refinery, India
- Eastern Coal Council - USA
- Tata Chemicals Ltd - India
- Orica Mining Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- McConnell Dowell - Australia
- Tamil Nadu electricity Board
- Thai Mozambique Logistica
- Minerals Council of Australia
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Coalindo Energy - Indonesia
- Merrill Lynch Commodities Europe
- Planning Commission, India
- Oldendorff Carriers - Singapore
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- London Commodity Brokers - England
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- Central Java Power - Indonesia
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Mintek Dendrill Indonesia
- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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