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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, 04 March 10
BANPU KEEPS JORONG OUTPUT AT 2M TONNES
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is maintaining an output target of 2 million tonnes this year from its Jorong mi ...
Thursday, 04 March 10
THE INDIAN MARKET WAS STILL STRONG - FEARNRESEARCH
HANDY
Activity has gradually improved in the Atlantic throughout the week. All areas&n ...
Thursday, 04 March 10
GLOBAL COAL PRICES GETS SUPPORT FROM EM DEMAND
Commodity Online reported that, AP12 coal prices look well supported in 2010 thanks to positive outlook for Chinese coal demand whereas coal demand ...
Thursday, 04 March 10
THREE NEW GLOBAL PRICES INDEXES FOR COKING COAL
Commodity Online reported that, On February 26, Energy Publishing Co. broke new ground in the coal-marketing industry when it began publishing three ...
Tuesday, 02 March 10
INDIA WAS AGAIN THE WINNER IN THE EAST, WITH SUPRAMAXES FIXING CLOSE TO US$40,000/DAY FROM THE WEST COAST
There was little movement in the BDI this week but behind the scenes, the Supramax and Handy size segments posted significant gains, correcting the ...
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- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Romanian Commodities Exchange
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Vijayanagar Sugar Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
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- Chamber of Mines of South Africa
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- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
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- Indian Oil Corporation Limited
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- AsiaOL BioFuels Corp., Philippines
- Jorong Barutama Greston.PT - Indonesia
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- GMR Energy Limited - India
- Global Coal Blending Company Limited - Australia
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- Petron Corporation, Philippines
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- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- Goldman Sachs - Singapore
- Commonwealth Bank - Australia
- Australian Commodity Traders Exchange
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- CNBM International Corporation - China
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- Kohat Cement Company Ltd. - Pakistan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- San Jose City I Power Corp, Philippines
- GVK Power & Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Planning Commission, India
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- Videocon Industries ltd - India
- Bayan Resources Tbk. - Indonesia
- Xindia Steels Limited - India
- Wood Mackenzie - Singapore
- The University of Queensland
- Neyveli Lignite Corporation Ltd, - India
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- Attock Cement Pakistan Limited
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- Pendopo Energi Batubara - Indonesia
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- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
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- Altura Mining Limited, Indonesia
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- Marubeni Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
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- Makarim & Taira - Indonesia
- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Price Waterhouse Coopers - Russia
- Medco Energi Mining Internasional
- Georgia Ports Authority, United States
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- Central Java Power - Indonesia
- Coastal Gujarat Power Limited - India
- Energy Link Ltd, New Zealand
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- Independent Power Producers Association of India
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- New Zealand Coal & Carbon
- Merrill Lynch Commodities Europe
- LBH Netherlands Bv - Netherlands
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- McConnell Dowell - Australia
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Global Green Power PLC Corporation, Philippines
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- Parry Sugars Refinery, India
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- Indonesian Coal Mining Association
- Economic Council, Georgia
- Ministry of Finance - Indonesia
- Minerals Council of Australia
- Coalindo Energy - Indonesia
- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- Essar Steel Hazira Ltd - India
- Energy Development Corp, Philippines
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Antam Resourcindo - Indonesia
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Eastern Energy - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Star Paper Mills Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
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