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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 $64.7 a tonne," Mr Chanin said.
The power business also reported sound results with sales of power and steam rising 13% to 5.16 billion baht. Thanks to lower coal costs and higher prices of electricity and steam in China, net profit at Banpu's three plants on the mainland rose to 591 million baht in 2009 from 160 million the year before.
BLCP, in which Banpu holds an equal share with Electricity Generating Plc (Egco), continued to run at high capacity and contributed 3.4 billion baht in equity income, a rise of 8% from 2008.
Earnings per share rose 54% to 52.36 baht from 33.96 baht in 2008.
Banpu also booked a "significant gain" of 2.87 billion baht from a coal swap, compared to a loss of 218 million loss the year before, said Mr Chanin.
BANPU shares closed yesterday on the SET at 536 baht, up 4 baht, in trade worth 770 million baht.
Source: Bangkok Post - Nareerat Wiriyapong
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Tuesday, 02 March 10
INDONESIA'S PROTECTED FORESTS NOW OPEN TO DEVELOPMENT
The Jakarta Globe reported that, President Susilo Bambang Yudhoyono has signed a decree to allow mining, power plants and other projects deemed stra ...
Monday, 01 March 10
166 MINING COMPANIES THREATEN ENVIRONMENT
Viva News reported that, the Indonesian Forum for the Environment (Walhi) of East Kalimantan reveals that 166 coal mining companies, which are curre ...
Monday, 01 March 10
IRON ORE PRICE NEGOTIATIONS - 80PCT HIKE SEEN BY CHINESE
China Knowledge quoted an insider from a large Chinese steel company said there will be a significant increase in steel prices in the next few month ...
Sunday, 28 February 10
SUPRAMAX CHARTER RATES FOR ONE YEAR IS AROUND US$ 19,000/20,000 PER DAY - VISTAAR SINGAPORE
COALspot.com : The freight market firmed up by almost 10 pct on Supramax and Handy size and about 7 pct on Panamax.
However it was interesting to ...
Sunday, 28 February 10
MINISTRY SEEKS TWO YEAR DELAY TO IMPLEMENT ENVIRONMENT LAW
The Jakarta Post reported that, The ministry of energy and mineral resources has proposed that the government postpone the implementation of the 200 ...
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Showing 5966 to 5970 news of total 6871 |
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- Gujarat Sidhee Cement - India
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- Australian Coal Association
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- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
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- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
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- Karbindo Abesyapradhi - Indoneisa
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- Minerals Council of Australia
- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
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- Electricity Generating Authority of Thailand
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- Heidelberg Cement - Germany
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- Miang Besar Coal Terminal - Indonesia
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
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- Star Paper Mills Limited - India
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- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
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- ASAPP Information Group - India
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
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- GMR Energy Limited - India
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- Bhoruka Overseas - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Price Waterhouse Coopers - Russia
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- Bharathi Cement Corporation - India
- Indo Tambangraya Megah - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- Eastern Coal Council - USA
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- SMC Global Power, Philippines
- Tamil Nadu electricity Board
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- Dalmia Cement Bharat India
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Indian Oil Corporation Limited
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- Edison Trading Spa - Italy
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
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- The University of Queensland
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- Deloitte Consulting - India
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- Petrochimia International Co. Ltd.- Taiwan
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- Global Coal Blending Company Limited - Australia
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- The State Trading Corporation of India Ltd
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- Medco Energi Mining Internasional
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- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
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- Trasteel International SA, Italy
- Straits Asia Resources Limited - Singapore
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- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
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- Jorong Barutama Greston.PT - Indonesia
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- Central Java Power - Indonesia
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- South Luzon Thermal Energy Corporation
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- Bulk Trading Sa - Switzerland
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- Sindya Power Generating Company Private Ltd
- Essar Steel Hazira Ltd - India
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- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Bangladesh Power Developement Board
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- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
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- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
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- IEA Clean Coal Centre - UK
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- Indian Energy Exchange, India
- Chamber of Mines of South Africa
- Parliament of New Zealand
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Orica Mining Services - Indonesia
- Maheswari Brothers Coal Limited - India
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- Orica Australia Pty. Ltd.
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
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- Siam City Cement PLC, Thailand
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- Cement Manufacturers Association - India
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