We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 12 May 10
BANPU'S Q1 PROFIT SLIDES 43% TO B2.71BN - BANGKOK POST
 The Bangkokpost reported that, Banpu Plc posted a first-quarter net profit of 2.71 billion baht, down by 43% from the same period last year.
The company, Asean's largest coal miner, blamed the worse-than-expected results on a drop in coal prices, higher fuel costs and the baht's appreciation over the past year.
CEO Chanin Vongkusolkit said the decline in net profit for the quarter ending in March reflected a lower-than-expected average selling price of US$66.27 per tonne, down by 21% from $84.20 a year earlier.
The fall in price was triggered by a poorer market environment in mid-2009, when the company's coal contracts for this quarter were priced.
In line with coal's price volatility, Mr Chanin said Banpu would maintain its yearly sales target at 57 million baht, as in 2009, even though its coal production is targeted to rise to 23 million tonnes from 21 million tonnes last year.
"We target an average selling price of between $65 and $70 per tonne," said Mr Chanin.
But net profit from the power business rose by 11% year-on-year to 1.26 billion baht in the first quarter, thanks to a significant improvement in the company's power operations led by the BLCP Power plant, which resumed operation after an annual shutdown for maintenance late last year.
Despite lower profit, Banpu's total sales rose by 12% year-on-year to 15.2 billion baht, with coal operations providing 89% and the power business 11%.Coal sales were driven by an expansion in Indonesian coal mines in 2009. The company operates five coal mines in Indonesia and has equity in coal and combined-heat power plants in China.
Banpu's Chinese coal business performed well, with sales up 100% from the previous quarter to 1 billion baht, but down 8% year-on-year, he added.
The company recently acquired 14.9% of Sydney-based Centennial Coal Co, a mining company in Australia valued by analysts at about 8.3 billion baht.
Mr Chanin described the investment as a strategic move that takes into account a new tariff for coal mining introduced by Australia's government on environmental grounds.
"Australia is still the major coal exporting country with an advanced, transparent regulatory framework. The investment in Australia fits in well with Banpu's portfolio on top of our coal operations in Indonesia and China," he said.
Despite its lower net income, analysts expect Banpu's second-quarter earnings to improve from the first quarter as stronger demand raises coal sales.
BLCP's contribution should also gain from higher power demand in line with record demand this year. The investment in Centennial should contribute dividend income to Banpu of about 170-200 million baht a year, or about 1.2% to 1.4% of net profit in 2010.
Shares of Banpu closed yesterday on the SET at 626 baht, down by 12 baht, in trade worth 1.4 billion baht.
Source: Bangkokpost (By:Yuthana Praiwan )
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 24 May 10
INDONESIAN COAL PRICE REFERENCE (HBA) FOR MAY 2010 REACHES US$ 92.07 PER TON FOB VESSEL
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has released Indonesian coal price reference (HBA) for Month of M ...
Monday, 24 May 10
PAMA TO CLOSE COALS ACQUISITION IN 2010
Insider Stories reported that, Indonesia's largest coal mining contractor PT Pamapersada Nusantara, subsidiary of PT United Tractors Tbk (UNTR), wi ...
Sunday, 23 May 10
SINGARENI LEVIES PREMIUM TO BALANCE COAL DEMAND - BUSINESS STANDARD
Business-Standard reported that, In view of the rising demand for coal, Singareni Collieries Company Limited has recently levied a premium on c ...
Saturday, 22 May 10
THE BRENT CRUDE PRICES WAS SHARPLY DOWN AT US$ 71.72 PER BARREL - VISTAAR SHIPPING
COALspot.com: The freight market was under pressure with the caps size index down by 10 pct with uncertainty in Europe crisis continuing.
The BD ...
Saturday, 22 May 10
PORT CONGESTION IN AUSTRALIA HELPING RATES CHINA COAL IMPORT BOOM TO CUSHION FREIGHT RATES
China's record coal imports this year will provide some support to freight rates but growing pressure from fleet oversupply is set to limit gains. ...
|
|
|
Showing 5821 to 5825 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- London Commodity Brokers - England
- Aditya Birla Group - India
- Central Java Power - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- Makarim & Taira - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Marubeni Corporation - India
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- The University of Queensland
- PNOC Exploration Corporation - Philippines
- Indika Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Salva Resources Pvt Ltd - India
- CNBM International Corporation - China
- Manunggal Multi Energi - Indonesia
- ICICI Bank Limited - India
- Gujarat Sidhee Cement - India
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- Thiess Contractors Indonesia
- Ambuja Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- Miang Besar Coal Terminal - Indonesia
- Coal and Oil Company - UAE
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Mercator Lines Limited - India
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- Meenaskhi Energy Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Sojitz Corporation - Japan
- Jorong Barutama Greston.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- SMG Consultants - Indonesia
- PTC India Limited - India
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- Karaikal Port Pvt Ltd - India
- Parliament of New Zealand
- Savvy Resources Ltd - HongKong
- Billiton Holdings Pty Ltd - Australia
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Jindal Steel & Power Ltd - India
- San Jose City I Power Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- Eastern Energy - Thailand
- Barasentosa Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- Planning Commission, India
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Xindia Steels Limited - India
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- VISA Power Limited - India
- White Energy Company Limited
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Antam Resourcindo - Indonesia
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Wood Mackenzie - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- Star Paper Mills Limited - India
- Larsen & Toubro Limited - India
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- SN Aboitiz Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Port Waratah Coal Services - Australia
- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- Gujarat Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Bank of Tokyo Mitsubishi UFJ Ltd
- Australian Commodity Traders Exchange
|
| |
| |
|
