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Friday, 12 November 10
BANPU'S NET PROFIT HAS INCREASED 249 PERCENT IN 3Q 2010 COMPARED TO THE SAME PERIOD LAST YEAR
 COALspot.com: Banpu Public Company Limited (BANPU) reports its financial performance for the third quarter 2010, posting a net profit of THB 13,293 million, an increase of 249 percent from the same period last year as a result of gain from the divestment of its Indonesian subsidiary, according to Banpu's offical website.
The website firther said, Mr. Chanin Vongkusolkit, Chief Executive Officer of Banpu said that a higher than two times increase of net profit in the third quarter compared to the same period last year was mainly due to a gain from the divestment of 8.72 percent shares in the Indonesian listed subsidiary, PT Indo Tambangraya Megah (ITM), accountable for 88 percent of the total net income.
The core business performance in the third quarter, he said, was marginally lower than the same quarter last year. The Company’s total sales revenue was THB 13,688 million, a decrease of THB 193 million or 1 percent compared to the same period last year. Coal sales revenue, accountable for 92 percent of total sales revenue, was THB 12,607 million while sales of power and steam from the three combined heat and power plants in China, representing 8 percent of total sales revenue, was THB 1,081 million.
The Indonesian coal operations recorded a total coal sales volume of 5.05 million tonnes in the third quarter, weakened by 5 percent from the same period last year and 6 percent from the second quarter this year. This was due to the unseasonal rainfall in Kalimantan during the third quarter which affected production at Indominco and Trubaindo. Jorong mine’s production of this quarter was lower than its normal output since it was granted with forestry permit to resume the operation in August. Meanwhile, the Chinese coal business contributed an equity income of THB 130 million, declining substantially from THB 618 million or 79 percent from the same period last year and THB 1,492 million or 92 percent from the second quarter this year. This was a result of the operational stoppage of Daning mine due to a delay of mining permit renewal which lowered its production to 0.54 million tonnes in the third quarter. With a flat diesel price at USD 0.71 per litre, gross profit margin of coal business, therefore, remained firm at 47 percent.
The average coal selling price in this quarter, however, held up well at USD 87.18 per tonne, increasing 13 percent from the same period last year and 1 percent from the previous quarter as a result of the favorable market situation.
“As coal prices in the international market are favorable, we expect the average selling price for this year to be higher than that of last year at USD 71.7 per tonne. The coal sales volume target for this year will be a little bit lower than 23 million tonnes while total sales revenue is expected to be close to last year at around THB 58 billion” added Mr. Chanin.
The power business generated a sound performance in the third quarter when BLCP contributed a stable equity income of THB 1,128 (including foreign exchange gain of THB 311 million resulted from the appreciation of Thai Baht against US Dollar during the period.) The three combined heat and power plants in China continued to face with high coal price situation, resulting in a modest net profit profit of THB 24 million or 77 percent lower than the same period last year.
Banpu Public Company is one of leading energy companies in Asia-Pacific. As of 30 September 2010, Banpu’s assets totaled THB 185,753 million, an increase of THB 84,336 million or 88 percent compared to those of 31 December 2009. The Company recorded total liabilities of THB 109,207 million, an increase of THB 63,742 million or 140 percent. Net Debt to Equity ratio as of 30 September 2010 was 0.24 times compared to 0.16 times as of 31 December 2009. The third quarter’s earning per share (EPS) was THB 48.92 a share, an increase of 248 percent when compared to THB 14.02 a share of the same period last year.
For more details about Banpu visit official website of Banpu
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Sunday, 21 November 10
THE FREIGHT MARKET MAY SLIGHTLY FIRM UP NEXT WEEK - CAPT. REDDY
COALspot.com: The freight market continued its down fall with BDI down by 6.83 pct and closed at 2,155 points.
According to Vistaar Shipping of S ...
Saturday, 20 November 10
ITALIAN STEAM COAL MARKET HAS RECOVERED - ITALIAN COAL ASSOCIATION
Press Release - This year Italy will import 17 million tons of steam coal, up 3% from 2009, and 5.5 million tons of coking coal and PCI, up 37% over ...
Friday, 19 November 10
WE'LL THINK ABOUT COAL TOMORROW - ANALYSIS
The future of coal generation in Russia is in question. The largest energy companies have abandoned their initial plans to switch their therma ...
Friday, 19 November 10
DRY BULK MARKET ON THE ROPES WITH BDI PLUNGING TO 2,164 POINTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the panamax markets suffering the most this week, but a ray of hope for the capesize market, which appears to be stabilizing after days of fall ...
Thursday, 18 November 10
WORLD COAL ASSOCIATION WELCOMES NEW CHAIRMAN & SHENHUA GROUP AS NEW MEMBER 17 NOVEMBER 2010
Press Release – The premier global coal industry association marks its 25th anniversary with a new Chairman and welcomes China’s lar ...
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- Toyota Tsusho Corporation, Japan
- Formosa Plastics Group - Taiwan
- Lanco Infratech Ltd - India
- Bhushan Steel Limited - India
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- PTC India Limited - India
- Kepco SPC Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Renaissance Capital - South Africa
- Binh Thuan Hamico - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
- McConnell Dowell - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Xindia Steels Limited - India
- VISA Power Limited - India
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- Bulk Trading Sa - Switzerland
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Karbindo Abesyapradhi - Indoneisa
- Australian Coal Association
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
- Trasteel International SA, Italy
- TNB Fuel Sdn Bhd - Malaysia
- Aboitiz Power Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Bangladesh Power Developement Board
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Videocon Industries ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Vizag Seaport Private Limited - India
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- White Energy Company Limited
- Bukit Baiduri Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- Sojitz Corporation - Japan
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- TeaM Sual Corporation - Philippines
- Madhucon Powers Ltd - India
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Thai Mozambique Logistica
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- The University of Queensland
- Mjunction Services Limited - India
- Indian Energy Exchange, India
- Planning Commission, India
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Goldman Sachs - Singapore
- Parliament of New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- Kaltim Prima Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- Bhoruka Overseas - Indonesia
- ASAPP Information Group - India
- Indika Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Parry Sugars Refinery, India
- GAC Shipping (India) Pvt Ltd
- Siam City Cement PLC, Thailand
- Posco Energy - South Korea
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
- Salva Resources Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Banpu Public Company Limited - Thailand
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
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