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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, 18 March 10
INDONESIAN COAL PRODUCTION EXPECTED TO BEAT EARLIER FORECAST
The Jakarta Globe reported that, the government expects coal output this year to exceed its initial projection of 250 million metric tons as the dri ...
Thursday, 18 March 10
COAL PILING UP AT EAST COAST PORTS ON RAKE SHORTAGE
Business Line reported that, more than three million tonnes (mt) of imported coal are awaiting evacuation at the east coast ports of Paradip, Visakh ...
Tuesday, 16 March 10
INDONESIA ROUND VOYAGES WERE GETTING BETWEEN HIGH TEENS - BRS
Another strong week for the bulk market and rates in all segments are now back above pre-Chinese New Year levels. Atlantic volumes remain robust, an ...
Tuesday, 16 March 10
MADHUCON GETS MINING LICENSE IN INDONESIA
Business-Standard reported that, PT Madhucon Indonesia, a subsidiary of the Hyderabad-based infrastructure company Madhucon Projects Ltd, has been g ...
Monday, 15 March 10
BOB KAMANDANU ON INDONESIAS PEAK COAL PRODUCTION, ENERGY SECURITY AND EXPORTS TO INDIA
Bob Kamandanu, the chairman of Indonesian Coal Producers Association (APBI), said the country has an estimated 50 to 70 years of coal reserves.
T ...
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- Commonwealth Bank - Australia
- White Energy Company Limited
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- Oldendorff Carriers - Singapore
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bangladesh Power Developement Board
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Indonesian Coal Mining Association
- Coastal Gujarat Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Bharathi Cement Corporation - India
- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- Standard Chartered Bank - UAE
- Minerals Council of Australia
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- Georgia Ports Authority, United States
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- SN Aboitiz Power Inc, Philippines
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- Larsen & Toubro Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Finance - Indonesia
- Price Waterhouse Coopers - Russia
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
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- Chamber of Mines of South Africa
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Binh Thuan Hamico - Vietnam
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- CNBM International Corporation - China
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
- Indian Oil Corporation Limited
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- Semirara Mining and Power Corporation, Philippines
- Indogreen Group - Indonesia
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- Pendopo Energi Batubara - Indonesia
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- Central Java Power - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- South Luzon Thermal Energy Corporation
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- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- Latin American Coal - Colombia
- Ceylon Electricity Board - Sri Lanka
- GAC Shipping (India) Pvt Ltd
- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Parry Sugars Refinery, India
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- Independent Power Producers Association of India
- Simpson Spence & Young - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- ASAPP Information Group - India
- Tamil Nadu electricity Board
- Orica Australia Pty. Ltd.
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Karaikal Port Pvt Ltd - India
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
- Vedanta Resources Plc - India
- Lanco Infratech Ltd - India
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
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- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Bayan Resources Tbk. - Indonesia
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Australian Commodity Traders Exchange
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- The University of Queensland
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- Altura Mining Limited, Indonesia
- Mercator Lines Limited - India
- Merrill Lynch Commodities Europe
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
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- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Australian Coal Association
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- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- VISA Power Limited - India
- Baramulti Group, Indonesia
- Uttam Galva Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- Ind-Barath Power Infra Limited - India
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
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- Riau Bara Harum - Indonesia
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Coal and Oil Company - UAE
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Star Paper Mills Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Electricity Generating Authority of Thailand
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Madhucon Powers Ltd - India
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
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