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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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Wednesday, 10 February 10
ANGLO AMERICAN TIPS COAL PRICE RISE AFTER RAIN, AUSTRALIAN SAYS
Anglo American Plc expects coking coal contract prices to rise after weeks of heavy rain in Queensland state cut output by as much as 10 million met ...
Wednesday, 10 February 10
KANGAROO RESOURCES COMMENCES MINING AT MAMAHAK COKING COAL PROJECT
International coal producer Kangaroo Resources has kicked off mining at its second Indonesian coal operation, the Mamahak Coking Coal Project in Eas ...
Wednesday, 10 February 10
CHINA DENIES CLIVE PALMER'S COAL DEAL
ONE of China's biggest government-owned companies yesterday repudiated mining billionaire Clive Palmer for overstating what he said was Australia' ...
Tuesday, 09 February 10
INDIANS SAY SEEKING COAL BARGAINS VIA INDEX PRICES
* Indonesian cheaper than S.African - traders
* End-users wait for price falls before tendering
Indian coal traders responsible for the bulk of ...
Tuesday, 09 February 10
EURO COAL-PROMPT SLIDES WITH OIL PRICES
* April S.African cargo trades at $83.50/T FOB, unchanged
* April DES cargo trades at $74.75 a tonne, down $1/T
* Russia's Kuzbassrazrezugol sees ...
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Showing 6011 to 6015 news of total 6871 |
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- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- IHS Mccloskey Coal Group - USA
- Madhucon Powers Ltd - India
- Minerals Council of Australia
- Baramulti Group, Indonesia
- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Jaiprakash Power Ventures ltd
- Alfred C Toepfer International GmbH - Germany
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Intertek Mineral Services - Indonesia
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Energy Link Ltd, New Zealand
- Videocon Industries ltd - India
- Bhoruka Overseas - Indonesia
- McConnell Dowell - Australia
- Essar Steel Hazira Ltd - India
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Iligan Light & Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Vizag Seaport Private Limited - India
- Coal and Oil Company - UAE
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
- Indo Tambangraya Megah - Indonesia
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Petron Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- Renaissance Capital - South Africa
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Eastern Energy - Thailand
- Kepco SPC Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Medco Energi Mining Internasional
- Ministry of Mines - Canada
- Larsen & Toubro Limited - India
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- Tata Chemicals Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Parry Sugars Refinery, India
- Central Java Power - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- VISA Power Limited - India
- Parliament of New Zealand
- Uttam Galva Steels Limited - India
- Bulk Trading Sa - Switzerland
- Oldendorff Carriers - Singapore
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Tamil Nadu electricity Board
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- Maharashtra Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- Kartika Selabumi Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- Kobexindo Tractors - Indoneisa
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- Planning Commission, India
- Independent Power Producers Association of India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Salva Resources Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- PetroVietnam Power Coal Import and Supply Company
- Global Business Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Central Electricity Authority - India
- London Commodity Brokers - England
- SMC Global Power, Philippines
- Samtan Co., Ltd - South Korea
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
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