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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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Thursday, 18 November 10
MUNDRA PORT AWARDED BEST PRIVATE PORT - COMMODITY ONLINE / HELLENIC SHIPPING
Adani Group owned, Mundra Port has been awarded the Annual Indian Maritime Gateway Award for the Best Private Port of the Year for the third consecu ...
Wednesday, 17 November 10
DRY BULK MARKET LOOKING FOR SUPPORT IN COAL TRADES AND INDIAN IRON ORE EXPORTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Nikos Roussanoglou, Hellenic Shipping reported that, the dry bulk market is lacking support to end its 13-day slide, as evidenced by Monday’s ...
Tuesday, 16 November 10
'VALLAR PLC' TO BECOME 'BUMI PLC' POST DEAL - THE JAKARTA POST
The Jakarta Post reported that, The United Kingdom’s Vallar Plc will change its name to Bumi Plc following a cash and stock transaction with t ...
Tuesday, 16 November 10
ROTHSCHILD BUYS INDONESIAN COAL STAKES FOR $3 BILLION - BLOOMBERG
Bloomberg reported that, Nathaniel Rothschild, the only son of U.K. financier Jacob Rothschild, agreed to invest $3 billion in two Indonesian coal c ...
Sunday, 14 November 10
THE FREIGHT MARKET CONTINUED ITS DOWN FALL - VISTAAR SINGAPORE
COALspot.com: The freight market continued its down fall with BDI down by 7.29 pct and closed at 2,313 points.
All other segments were also under ...
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- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- Directorate General of MIneral and Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Sakthi Sugars Limited - India
- Salva Resources Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- Gujarat Electricity Regulatory Commission - India
- Bukit Asam (Persero) Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Agrawal Coal Company - India
- Kobexindo Tractors - Indoneisa
- Sarangani Energy Corporation, Philippines
- Orica Australia Pty. Ltd.
- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- San Jose City I Power Corp, Philippines
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Meralco Power Generation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- Essar Steel Hazira Ltd - India
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Bharathi Cement Corporation - India
- Tamil Nadu electricity Board
- McConnell Dowell - Australia
- Central Electricity Authority - India
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- Grasim Industreis Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- Semirara Mining Corp, Philippines
- Parliament of New Zealand
- Videocon Industries ltd - India
- Timah Investasi Mineral - Indoneisa
- Ministry of Mines - Canada
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- PTC India Limited - India
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- Aboitiz Power Corporation - Philippines
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Ministry of Transport, Egypt
- Antam Resourcindo - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Malabar Cements Ltd - India
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
- Banpu Public Company Limited - Thailand
- Price Waterhouse Coopers - Russia
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Eastern Energy - Thailand
- Tata Chemicals Ltd - India
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Simpson Spence & Young - Indonesia
- SMC Global Power, Philippines
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- AsiaOL BioFuels Corp., Philippines
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- Wilmar Investment Holdings
- Bahari Cakrawala Sebuku - Indonesia
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- GVK Power & Infra Limited - India
- Makarim & Taira - Indonesia
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- Interocean Group of Companies - India
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Bhatia International Limited - India
- Australian Coal Association
- Renaissance Capital - South Africa
- Kepco SPC Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- Minerals Council of Australia
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- European Bulk Services B.V. - Netherlands
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
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