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Thursday, 28 August 14
BANPU REPORTS HIGHER FIRST-HALF YEAR RESULTS FOR 2014
 COALspot.com: Banpu Public Company Limited (BANPU) reports higher first half-year financial results for 2014 having its gross profit increasing 3 percent to USD 513 million (THB 16.706 billion) compared to the same period a year ago of USD 500 million (THB 14.920 billion). According to press release of Banpu, this is largely due to consistent revenues from its power business, success in cost reduction and profits from coal swaps.
Banpu CEO Mr. Chanin Vongkusolkit said that during the first half-year of 2014 (January 1-June 30), although total sales revenues were down 8 percent to USD 1.549 billion (THB 50.447 billion) from the same period the previous year, thanks to effective Company management, Banpu recorded a better performance. USD 1.442 billion was generated from coal sales which accounted of 93 per cent of the total income. Coal sales from Indonesia amounted to USD 981 million while the remaining USD 461 million were from Australian mines. Meanwhile, Banpu also generated USD 92 million from sales of power and steam, accounting for 6 per cent of its total revenues.
Banpu's press release furhter said that, the first half-year financial results were satisfactory as they were largely driven by efficient sales. A total of 22.8 million tons of coal from the three countries of Indonesia, Australia and China had been sold. The majority of coal volume sold came from Banpu’s production bases in Indonesia and Australia which represented 13.8 million tons and 7.1 million tons, respectively. When combining with revenue expansion from its power business, Banpu’s overall performance was as anticipated. This year, Banpu expects to sell approximately 48 million tons of coal from its mines in the three countries.
CEO Chanin Vongkusolkit added that “production and sales volumes of coal from Banpu’s Australian sites during the first half year progressed according to plan as a result of new machine replacement at Mandalong Mine and resumption of coal production at Airly Mine after a temporary shutdown. Together with measures to improve productivity, our coal business in Australia was able to operate more efficiently which contributed to the growth of our gross profit,” he said.
Overall, the average selling price (ASP) of coal during the first half of 2014 fell 9 per cent to USD 68.1 per ton from USD 71.1 per ton a year earlier which corresponded with the downturn of the coal price in the world market where the ASP of Indonesian and Australian coal were USD 69.6 per ton and USD 71.58 per ton, respectively.
Banpu continued as planned to tighten its production costs while enhancing its operation efficacy This mitigated the effect from falling coal prices. Compared to the first half year of 2013, Indonesian coal mines were able to reduce their production costs by 14.6 percent while Australian mines witnessed their costs trimmed by 3.4 per cent. Similarly, the power business also reported a strong financial result as Thailand’s BLCP Power Plant had recognized USD 50.6 million revenue up 12 percent year on year. Meanwhile, construction of the Hongsa Power Plant in Laos PDR is now 90 per cent complete as planned and expects to kick off its commercial operation in mid-2015.
About Banpu
Banpu Public Company Limited is a pan-Asian energy company which manages coal and related businesses clustered in six countries, namely Thailand, Indonesia, China, Australia, Laos PDR and Mongolia.
As of June 30, 2014, Banpu’s assets totaled USD 7.256 billion (equivalent to THB 235.510 billion) while total liabilities were USD 4.609 billion (equivalent to THB 149.606 billion).
The Net Debt to Equity ratio as of June 30, 2014 was 1.09 times as compared to 1.10 times as of December 31, 2013; the Earnings per Share (EPS) was at US$ 0.008 per share (equivalent to THB 0.2654 per share) as compared to USD 0.005 per share (THB 0.160 per share) a year ago.
Source: Banpu
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Sunday, 19 October 14
LOW DEMAND PUSHES DOWN COAL FREIGHT RATES; VOLATILITY CONTINUES
COALspot.com: This week all the segments softened including BDI except for Panamax index.
The BDI was down by1.70 pct and clsoed at 944 points ...
Friday, 17 October 14
INTERNATIONAL COAL PRICES ARE AT LOWEST LEVEL; COAL STOCKS AT INDIAN POWER PLANTS ARE ALSO AT LOWEST LEVEL
International coal prices as well as coal freights are falling and reaching to its lowest levels. According to PTI, fuel stockpiles at the thermal ...
Friday, 17 October 14
U.S. COAL PRODUCTION UP BY 3.6% WEEK - ON - WEEK
COALspot.com – United States the world's one of largest coal producers, produced approximately 19.20 million short tons (mmst) of coal in ...
Friday, 17 October 14
DRY BULK SHIPPING'S OUTLOOK NOW SHIFTING TO A LESS PROMISING ONE, SHIP PRICES EXPECTED TO FOLLOW SOON - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
China’s and other Asian countries’ return to the dry bulk market last week, didn’t trigger the hoped support towards the dry bulk ...
Thursday, 16 October 14
KOREA MIDLAND POWER TO BUY 490K MT OF LCV COAL FOR 1Q 2015
COALspot.com : Korea Midland Power Co., Ltd. has invited bids through International open bidding for 490,000 Metric Tons (MT) of LCV (Sub) Bitumino ...
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- Leighton Contractors Pty Ltd - Australia
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Central Electricity Authority - India
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Borneo Indobara - Indonesia
- Indogreen Group - Indonesia
- Grasim Industreis Ltd - India
- Savvy Resources Ltd - HongKong
- Parry Sugars Refinery, India
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- Georgia Ports Authority, United States
- Timah Investasi Mineral - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Latin American Coal - Colombia
- Bahari Cakrawala Sebuku - Indonesia
- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- The Treasury - Australian Government
- PTC India Limited - India
- Ministry of Mines - Canada
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Oldendorff Carriers - Singapore
- Salva Resources Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Siam City Cement PLC, Thailand
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- White Energy Company Limited
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- Uttam Galva Steels Limited - India
- San Jose City I Power Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- Africa Commodities Group - South Africa
- Standard Chartered Bank - UAE
- Aditya Birla Group - India
- Renaissance Capital - South Africa
- Kaltim Prima Coal - Indonesia
- GVK Power & Infra Limited - India
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Vizag Seaport Private Limited - India
- Interocean Group of Companies - India
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- Parliament of New Zealand
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Indika Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- Global Business Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- Thai Mozambique Logistica
- Kartika Selabumi Mining - Indonesia
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- Eastern Energy - Thailand
- Holcim Trading Pte Ltd - Singapore
- Independent Power Producers Association of India
- TNB Fuel Sdn Bhd - Malaysia
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Indo Tambangraya Megah - Indonesia
- Toyota Tsusho Corporation, Japan
- Meenaskhi Energy Private Limited - India
- South Luzon Thermal Energy Corporation
- Simpson Spence & Young - Indonesia
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- Ind-Barath Power Infra Limited - India
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- MS Steel International - UAE
- Tamil Nadu electricity Board
- AsiaOL BioFuels Corp., Philippines
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- Port Waratah Coal Services - Australia
- The State Trading Corporation of India Ltd
- Kumho Petrochemical, South Korea
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Vedanta Resources Plc - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Authority, New Zealand
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- Sojitz Corporation - Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Coal Association
- Singapore Mercantile Exchange
- LBH Netherlands Bv - Netherlands
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Romanian Commodities Exchange
- New Zealand Coal & Carbon
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- Kobexindo Tractors - Indoneisa
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- Ceylon Electricity Board - Sri Lanka
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