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Tuesday, 12 May 09
BANPU'S PROFIT DOUBLES TO RECORD AFTER SALES JUMP - BLOOMBERG
 BANPU Pcl, Thailand’s biggest coal producer, reported first-quarter profit more than doubled to a record after higher prices for the fuel boosted sales.
Net income in the three months ended March 31 climbed to 4.8 billion baht ($139 million), or 17.65 baht a share, from 2.07 billion baht, or 7.63 baht a share, a year earlier, the company said today in a filing to the stock exchange. That exceeded the 3.38 billion-baht median profit estimate of 13 analysts surveyed by Bloomberg.
Bangkok-based Banpu, which has mines in China, Indonesia and Thailand, benefited from locking in contracts as prices surged to a record in July.
“Banpu is one of the few companies with solid earnings growth in 2009,” said Avin Sony, an analyst at ABN Amro Securities Co. in Bangkok. “Coal prices are also expected to be robust in the second quarter.”
Banpu’s shares gained as much as 2.3 percent to 318 baht and traded at 316 baht as of 10:14 a.m. local time, heading for its highest close since Sept. 26.
Sales rose 58 percent to 13.6 billion baht, according to Banpu’s statement. Coal shipments dropped 10 percent to 4.08 million metric tons in the quarter as the company closed a port in Indonesia for a week in February for maintenance, it said in separate statement.
Fuel Costs
The company’s average selling price of coal in the period surged 71 percent from a year earlier to $84.23 a ton as it signed forward contracts and increased the proportion of high- quality coal, it said.
Spot prices at Newcastle port in Australia, a benchmark for Asia, touched a record $194.79 a metric ton in July. The weekly price index gained 2.3 percent to $63.70 a ton last week, according to the globalCOAL NEWC index. Banpu gets almost all its coal from Indonesia, where it acquired its first mine in 1997.
The gross profit margin from its coal business widened to 55 percent in the first quarter from 37 percent in the same period last year on higher selling prices and lower fuel costs, the company said. The average diesel price was at 44 U.S. cents in the quarter, 52 percent lower than a year earlier, it said.
The profit increase was achieved by locking in contracts “when coal prices in the world were soaring,” Chief Executive Officer Chanin Vongkusolkit said in an e-mailed statement today. “The production cost at Indonesian coal mines also decreased due to lower diesel prices.”
Coal Swap
The company also booked a gain of 793.6 million baht from “the settlement of coal swap contracts” in the quarter, compared with a loss of 142 million baht from transactions in the same period last year, it said.
Coal sales in 2009 may rise 13 percent from the previous year to 20.5 million tons, Chanin said today, reiterating the forecast he made March 6. About 57 percent of the output this year was sold in advance at an average price of about $72 a ton, little changed from 2008, according to his statement in March.
The profit contribution from units in the first quarter climbed 34 percent to 2.06 billion baht, boosted by its coal business in China, the company said.
Banpu paid $420 million last June to buy the shares it didn’t already own in Asian American Coal Inc., which holds a 56 percent stake in China’s Shanxi Asian American-Daning Energy Co. Shanxi Asian has operated a mine in Shanxi province since 2006 under a 25-year concession. The mine has reserves of 88 million tons and produces 4 million tons a year, Banpu said at the time of the purchase.
Source: http://www.bloomberg.com/apps/news?pid=20601080&sid=aBESbuMUBPMY&refer=asia
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Wednesday, 18 March 09
MANILA'S NAPOCOR SAYS BIDDING FOR 100,000T COAL FAILS - REUTERS
Top Philippine electricityproducer National Power Corp (Napocor) was unable to secure 100,000 tonnes of local coal for one of its power plantsfollow ...
Wednesday, 18 March 09
INDONESIA'S PLN APPOINTS KPC TO SUPPLY COAL - REUTERS
State electricity firm Perusahaan Listrik Negara (PLN) appointed PT Kaltim Prima Coal to supply 1 million tonnes of coal per annum to Tanjung Jati B ...
Monday, 16 March 09
TATA POWER HAS NO PLAN TO SELL STAKE IN INDONESIA BUMI MINES - BLOOMBERG
Tata Power Co., India’s biggest electricity generator outside state control, said it has “no intention” to sell its stake in two I ...
Monday, 16 March 09
ANTAM SELECTS PARTNERS FOR POMALAA POWER PLANT - THE JAKARTA POST
PT Aneka Tambang Tbk, Indonesia’s second-largest nickel producer, said it intended to develop a $300 million coal-fired plant in Pomalaa, Sout ...
Monday, 16 March 09
ADARO TO BOLSTER SUPPLY CHAIN THROUGH ACQUISITIONS - THE JAKARTA POST
PT Adaro Energy Tbk, Indonesia's second-largest coal producer, plans to acquire a coal barging and transshipment company to improve its supply chai ...
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- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- Thai Mozambique Logistica
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- Indo Tambangraya Megah - Indonesia
- Tamil Nadu electricity Board
- Standard Chartered Bank - UAE
- CIMB Investment Bank - Malaysia
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- Mjunction Services Limited - India
- AsiaOL BioFuels Corp., Philippines
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- Maheswari Brothers Coal Limited - India
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Central Electricity Authority - India
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- Mintek Dendrill Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Coastal Gujarat Power Limited - India
- ASAPP Information Group - India
- Australian Coal Association
- Singapore Mercantile Exchange
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Jorong Barutama Greston.PT - Indonesia
- Kumho Petrochemical, South Korea
- Bukit Baiduri Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Port Waratah Coal Services - Australia
- Antam Resourcindo - Indonesia
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- Banpu Public Company Limited - Thailand
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- International Coal Ventures Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Bhoruka Overseas - Indonesia
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- Kartika Selabumi Mining - Indonesia
- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- The State Trading Corporation of India Ltd
- Larsen & Toubro Limited - India
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- London Commodity Brokers - England
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- India Bulls Power Limited - India
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Wood Mackenzie - Singapore
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- Attock Cement Pakistan Limited
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Indonesian Coal Mining Association
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
- Siam City Cement PLC, Thailand
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- Madhucon Powers Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Marubeni Corporation - India
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Krishnapatnam Port Company Ltd. - India
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- The Treasury - Australian Government
- White Energy Company Limited
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- Romanian Commodities Exchange
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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