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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 )
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Monday, 17 May 10
INDONESIA SHIPPED 15.51 PERCENT LESS COAL IN APRIL THAN A MONTH EARLIER
COALspot.com: Indonesia, the world largest coal exporter, shipped 23,331,542 MT of coal in April 2010, compare to 27.61 million tons in ...
Monday, 17 May 10
S. AFRICA CUTS EUROPE COAL SUPPLY, ASIA SALES RISE, TRADER SAYS - BLOOMBERG
Bloomberg reported that, South Africa’s Richards Bay Coal Terminal, Europe’s biggest source of the fuel burned for power, cut shipments ...
Monday, 17 May 10
GREEK CRISIS TO SEE FREIGHT RATES FALL BANGKOK POST
The Greek debt crisis will likely cause shipping rates to fall this quarter enabling SET-listed Precious Shipping Plc to buy second-hand vessels at ...
Monday, 17 May 10
NEWCASTLE COAL QUEUES COULD BE HISTORY - THE HERALD
NEWCASTLE'S infamous coal queues could be a thing of the past if a plan to have the ships anchor over the horizon succeeds against the doubts of it ...
Sunday, 16 May 10
THREE FIRMS SHORTLISTED FOR CIL'S $ 2BN OVERSEAS PROJECTS - ECONOMIC TIMES
Economic Times reported that, State-owned Coal India Ltd (CIL) has shortlisted US firms Massey Energy and Peabody Energy, besides Indonesian Novem/S ...
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- Bhatia International Limited - India
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- New Zealand Coal & Carbon
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- Indian Energy Exchange, India
- Petron Corporation, Philippines
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- Essar Steel Hazira Ltd - India
- GMR Energy Limited - India
- Economic Council, Georgia
- Tamil Nadu electricity Board
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- The University of Queensland
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Deloitte Consulting - India
- McConnell Dowell - Australia
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- Karbindo Abesyapradhi - Indoneisa
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- Savvy Resources Ltd - HongKong
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- SN Aboitiz Power Inc, Philippines
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- Sree Jayajothi Cements Limited - India
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- GN Power Mariveles Coal Plant, Philippines
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- Banpu Public Company Limited - Thailand
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- MS Steel International - UAE
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
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- Standard Chartered Bank - UAE
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
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- Posco Energy - South Korea
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- Billiton Holdings Pty Ltd - Australia
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
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- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
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- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Coal and Oil Company - UAE
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- Malabar Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Commonwealth Bank - Australia
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
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- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
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- GVK Power & Infra Limited - India
- Cement Manufacturers Association - India
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- European Bulk Services B.V. - Netherlands
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Renaissance Capital - South Africa
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- Indonesian Coal Mining Association
- Kumho Petrochemical, South Korea
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
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- White Energy Company Limited
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- Romanian Commodities Exchange
- Australian Coal Association
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- ICICI Bank Limited - India
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- South Luzon Thermal Energy Corporation
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- Electricity Authority, New Zealand
- Kalimantan Lumbung Energi - Indonesia
- Mercator Lines Limited - India
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- CIMB Investment Bank - Malaysia
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
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- Maheswari Brothers Coal Limited - India
- VISA Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Latin American Coal - Colombia
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- Edison Trading Spa - Italy
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Madhucon Powers Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Kaltim Prima Coal - Indonesia
- Anglo American - United Kingdom
- Energy Link Ltd, New Zealand
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
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- Kobexindo Tractors - Indoneisa
- Xindia Steels Limited - India
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- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- Planning Commission, India
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
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