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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, 04 November 10
GVK TALKS WITH MEC FOR INDONESIAN MINES DEAL - DNA INDIA
As reported by DNA India, GVK Power and Infrastructure on Wednesday said it is in talks with Gulf-based MEC Coal to buy its coal mines in Indonesia, ...
Wednesday, 03 November 10
PANAMAX SIZE DRY-BULK CARRIER MARKET IS STRONG - GERSON LEHRMAN
Panamax class vessels have been part of the fluctuation of the broader current dry bulk market. They have experienced occasional steep movements, du ...
Tuesday, 02 November 10
ADDED VALUE REMAINS STAGNANT - MAJALAH TAMBANG
The improvement of added value of mining products in accordance with mandate of the mining law has not been visible. Minerals and coal are still exp ...
Saturday, 30 October 10
THE SUPRAMAX FREIGHT MARKET THIS WEEK REMAINED ALMOST AT LAST WEEK LEVELS - VISTAAR SINGAPORE
COALspot.com: The freight market this week remained almost at same levels except for Panamax index which was up by 191 points.
The feast/SE Asia ...
Friday, 29 October 10
CAPE MARKET STARTED TO BREAK THOUGH THE UPWARDS RESISTANCE LEVEL OF USD 40K DAILY FOR SPOT CARGOS - FEARNLEYS
HANDY
The Atlantic markets remain flat and lackluster. The expectations that the grain ...
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- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- Ministry of Mines - Canada
- Maheswari Brothers Coal Limited - India
- Globalindo Alam Lestari - Indonesia
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- Manunggal Multi Energi - Indonesia
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- Larsen & Toubro Limited - India
- Mercator Lines Limited - India
- IEA Clean Coal Centre - UK
- Mintek Dendrill Indonesia
- Gujarat Sidhee Cement - India
- Kartika Selabumi Mining - Indonesia
- Borneo Indobara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Samtan Co., Ltd - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Jindal Steel & Power Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Anglo American - United Kingdom
- Ambuja Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- PNOC Exploration Corporation - Philippines
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- ICICI Bank Limited - India
- Miang Besar Coal Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- Electricity Authority, New Zealand
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Sarangani Energy Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Altura Mining Limited, Indonesia
- Thai Mozambique Logistica
- Bhushan Steel Limited - India
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Madhucon Powers Ltd - India
- Semirara Mining Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- Attock Cement Pakistan Limited
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
- Bangladesh Power Developement Board
- Wilmar Investment Holdings
- Singapore Mercantile Exchange
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Karbindo Abesyapradhi - Indoneisa
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Romanian Commodities Exchange
- Planning Commission, India
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Meralco Power Generation, Philippines
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- CNBM International Corporation - China
- Iligan Light & Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- The University of Queensland
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- AsiaOL BioFuels Corp., Philippines
- Global Business Power Corporation, Philippines
- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- Deloitte Consulting - India
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- GMR Energy Limited - India
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- Kepco SPC Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- London Commodity Brokers - England
- White Energy Company Limited
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- MS Steel International - UAE
- Australian Coal Association
- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- PTC India Limited - India
- ASAPP Information Group - India
- Eastern Coal Council - USA
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Minerals Council of Australia
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parliament of New Zealand
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Tata Chemicals Ltd - India
- Rio Tinto Coal - Australia
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- Pendopo Energi Batubara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- Ind-Barath Power Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Cement Manufacturers Association - India
- Sakthi Sugars Limited - India
- Kapuas Tunggal Persada - Indonesia
- Latin American Coal - Colombia
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Thiess Contractors Indonesia
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