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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 $64.7 a tonne," Mr Chanin said.
The power business also reported sound results with sales of power and steam rising 13% to 5.16 billion baht. Thanks to lower coal costs and higher prices of electricity and steam in China, net profit at Banpu's three plants on the mainland rose to 591 million baht in 2009 from 160 million the year before.
BLCP, in which Banpu holds an equal share with Electricity Generating Plc (Egco), continued to run at high capacity and contributed 3.4 billion baht in equity income, a rise of 8% from 2008.
Earnings per share rose 54% to 52.36 baht from 33.96 baht in 2008.
Banpu also booked a "significant gain" of 2.87 billion baht from a coal swap, compared to a loss of 218 million loss the year before, said Mr Chanin.
BANPU shares closed yesterday on the SET at 536 baht, up 4 baht, in trade worth 770 million baht.
Source: Bangkok Post - Nareerat Wiriyapong
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Monday, 08 March 10
CHINA SHIPPING TO CARRY MORE COAL FOR SHENHUA
Hellenic Shipping News reported that, China Shipping (Group) Company will expect to ship 40 million tons of coal for Shenhua Group in 2010, Li Shaod ...
Sunday, 07 March 10
SHIPS WERE FIXED AT AROUND US$ 16,000 PER DAY FOR TRIP VIA INDONESIA TO INDIA - CAPT. REDDY
COALspot.com: The freight market was quite buoyant this week and BDI was up by 18 pct . The Cape index up by 23.60 pct and Panamax index was up by 1 ...
Saturday, 06 March 10
ESSAR TO BUY US COAL FIRM FOR $550-600 MN
Business-Standard reported that, the Essar Group is close to buying Trinity Coal, one of the top 10 coal producers in the US, in a deal worth $550-6 ...
Friday, 05 March 10
KARNATAKA POWER SEEKS 900,000 TONS STEAMING COAL OVER 9 MONTHS
Bloomberg reported that, Karnataka Power Corp., an Indian electricity generator, is seeking to import 900,000 metric tons of steaming coal over nine ...
Friday, 05 March 10
COAL RALLY ON CHINESE DEMAND SPARKS $59 ESTIMATES
Bloomberg reportd that, A rally that has boosted coal prices 21 percent from their lows last year may have further to go as the coldest U.S. winter ...
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Showing 5956 to 5960 news of total 6871 |
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- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
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- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- Tamil Nadu electricity Board
- London Commodity Brokers - England
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Agrawal Coal Company - India
- Billiton Holdings Pty Ltd - Australia
- Sical Logistics Limited - India
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Global Coal Blending Company Limited - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- Malabar Cements Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Trasteel International SA, Italy
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- CNBM International Corporation - China
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- Jorong Barutama Greston.PT - Indonesia
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- Indian Energy Exchange, India
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- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
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- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
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- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
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- The University of Queensland
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- Chamber of Mines of South Africa
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- Ministry of Mines - Canada
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- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- Bharathi Cement Corporation - India
- McConnell Dowell - Australia
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- PTC India Limited - India
- Bhatia International Limited - India
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
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- Coalindo Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Renaissance Capital - South Africa
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
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- Australian Coal Association
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parliament of New Zealand
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- Antam Resourcindo - Indonesia
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- Singapore Mercantile Exchange
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- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- Thiess Contractors Indonesia
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- Energy Link Ltd, New Zealand
- MS Steel International - UAE
- Planning Commission, India
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- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
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- Eastern Coal Council - USA
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- Directorate General of MIneral and Coal - Indonesia
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- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
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- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- Standard Chartered Bank - UAE
- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
- The State Trading Corporation of India Ltd
- GVK Power & Infra Limited - India
- Vizag Seaport Private Limited - India
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
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- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- Toyota Tsusho Corporation, Japan
- Independent Power Producers Association of India
- GAC Shipping (India) Pvt Ltd
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
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- Vedanta Resources Plc - India
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- Grasim Industreis Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Romanian Commodities Exchange
- Semirara Mining Corp, Philippines
- Straits Asia Resources Limited - Singapore
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
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- ICICI Bank Limited - India
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- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
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- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- Savvy Resources Ltd - HongKong
- Economic Council, Georgia
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