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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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Wednesday, 15 October 14
SHIPOWNER NOT LIABLE FOR CARGO DAMAGE RESULTING FROM POOR STOWAGE - CLYDE & CO
KNOWLEDGE TO ELEVATE
Russian metal trading company Yuzhny Zavod Metall Profil (YZMP), the holder of a CONGEN 1994 bill of lading, took delivery o ...
Wednesday, 15 October 14
NEWCASTLE SHIPPED 13.96 MILLION TONS OF COAL IN SEPTEMBER; UP 5.72%
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port, has shipped $1,227.7 wor ...
Tuesday, 14 October 14
KING COAL UNDER ATTACK? - EVA TZIMA
With the last quarter of the year being well underway and with no strong signs that the Dry Bulk market could be ready for a big positive reversal, ...
Tuesday, 14 October 14
THE NEW CHINESE TRANSPORTATION TAX LAW: WHAT DOES IT MEAN FOR GREEK SHIPPING? - DELOITTE
China has recently promulgated a new law which imposes tax on profits from freights of inbound routes. The objective of the new tax law titled &ldq ...
Monday, 13 October 14
CHINESE COAL IMPORT TARIFFS YET ANOTHER BLOW TO AUSTRALIAN COAL EXPORTS - TIM BUCKLEY
COALspot.com: China’s unexpected move to reintroduce thermal coal import tariffs of 6% will have a materially negative impact on the viabilit ...
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- SMC Global Power, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- Renaissance Capital - South Africa
- Globalindo Alam Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bharathi Cement Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Barasentosa Lestari - Indonesia
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- Latin American Coal - Colombia
- Timah Investasi Mineral - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- Chamber of Mines of South Africa
- Semirara Mining and Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Indogreen Group - Indonesia
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Kalimantan Lumbung Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- PTC India Limited - India
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Standard Chartered Bank - UAE
- Sical Logistics Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Mjunction Services Limited - India
- European Bulk Services B.V. - Netherlands
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Orica Mining Services - Indonesia
- Economic Council, Georgia
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- Kideco Jaya Agung - Indonesia
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- Vedanta Resources Plc - India
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Siam City Cement PLC, Thailand
- Ceylon Electricity Board - Sri Lanka
- Merrill Lynch Commodities Europe
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Indian Oil Corporation Limited
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
- Borneo Indobara - Indonesia
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- Xindia Steels Limited - India
- Siam City Cement - Thailand
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- Orica Australia Pty. Ltd.
- MS Steel International - UAE
- Sakthi Sugars Limited - India
- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- Coalindo Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Finance - Indonesia
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
- Coastal Gujarat Power Limited - India
- Jaiprakash Power Ventures ltd
- Global Business Power Corporation, Philippines
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
- Ministry of Transport, Egypt
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- GVK Power & Infra Limited - India
- Rio Tinto Coal - Australia
- Petron Corporation, Philippines
- Deloitte Consulting - India
- Bukit Asam (Persero) Tbk - Indonesia
- Dalmia Cement Bharat India
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Planning Commission, India
- Uttam Galva Steels Limited - India
- Formosa Plastics Group - Taiwan
- Thai Mozambique Logistica
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Agrawal Coal Company - India
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Banpu Public Company Limited - Thailand
- Interocean Group of Companies - India
- Indian Energy Exchange, India
- Parliament of New Zealand
- Intertek Mineral Services - Indonesia
- Vizag Seaport Private Limited - India
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Gujarat Sidhee Cement - India
- Thiess Contractors Indonesia
- Malabar Cements Ltd - India
- New Zealand Coal & Carbon
- Central Java Power - Indonesia
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Kaltim Prima Coal - Indonesia
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
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