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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, 15 March 10
CIL BOARD CLEARS 10 PROPOSALS FOR STRATEGIC PARTNERSHIP OR JVS
Economic Times reported that, Towards achieving a global footprint, state-owned Coal India (CIL) is eyeing strategic partnership or joint ventures w ...
Sunday, 14 March 10
CHINESE COAL PRICE MAY RISE TO TRADE NEAR SPOT, MACQUARIE SAYS
Bloomberg reported that, Steel mills in China, the world’s biggest producer of the alloy, may pay more for domestic coking coal this year as d ...
Sunday, 14 March 10
THERE IS NO INDICATION OF SLOWING DOWN OF IRON ORE AND COAL IMPORTS BY CHINA - VISTAAR SINGAPORE
COALspot.com: The dry bulk freight market continued the upward trend and the BDI closed 8.14 pct this week.
The Cape index up by 10.32 pct ...
Saturday, 13 March 10
INDONESIA COAL EXPORTS DROP IN FEBRUARY
COALspot.com: Indonesia, the world largest coal exporter, exported 24.38 million tons in January 2010 which fell slightly to 22.89 mln ton of coal i ...
Saturday, 13 March 10
INDONESIA TELLS BUKIT ASAM TO DITCH PARTNER IN SUMATRA RAILWAY UNLESS PROJECT STARTS
The Jakarta Globe reported that, the Indonesian government has urged state-owned miner PT Tambang Batubara Bukit Asam to look for new partners to he ...
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Showing 5941 to 5945 news of total 6871 |
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- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Holcim Trading Pte Ltd - Singapore
- Mercuria Energy - Indonesia
- Ministry of Transport, Egypt
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- Toyota Tsusho Corporation, Japan
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- VISA Power Limited - India
- Planning Commission, India
- Anglo American - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Ceylon Electricity Board - Sri Lanka
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- Australian Coal Association
- Vizag Seaport Private Limited - India
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Simpson Spence & Young - Indonesia
- Port Waratah Coal Services - Australia
- Binh Thuan Hamico - Vietnam
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tamil Nadu electricity Board
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Pendopo Energi Batubara - Indonesia
- ASAPP Information Group - India
- Maharashtra Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Dalmia Cement Bharat India
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Indian Energy Exchange, India
- Central Java Power - Indonesia
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- Bhoruka Overseas - Indonesia
- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
- Vijayanagar Sugar Pvt Ltd - India
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- PTC India Limited - India
- Georgia Ports Authority, United States
- Bahari Cakrawala Sebuku - Indonesia
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- Electricity Generating Authority of Thailand
- Oldendorff Carriers - Singapore
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- Barasentosa Lestari - Indonesia
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Wood Mackenzie - Singapore
- OPG Power Generation Pvt Ltd - India
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- GVK Power & Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bukit Makmur.PT - Indonesia
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- Merrill Lynch Commodities Europe
- Vedanta Resources Plc - India
- SMC Global Power, Philippines
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
- Chamber of Mines of South Africa
- Indonesian Coal Mining Association
- Meralco Power Generation, Philippines
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Mjunction Services Limited - India
- Directorate Of Revenue Intelligence - India
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- The University of Queensland
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- Altura Mining Limited, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- Trasteel International SA, Italy
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- Eastern Energy - Thailand
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- Parliament of New Zealand
- Coastal Gujarat Power Limited - India
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- Grasim Industreis Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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