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Tuesday, 18 August 09
BANPU TO FOCUS ON CORE BUSINESS
Banpu, the country's leading energy firm, expects to conclude its four-year strategic plan next month, resulting in a strengthening of its core businesses by acquiring power plants and coal mines in Indonesia, Australia and China.
The revised plan will cover the period from 2010 to 2013.
The Nation, Thailand's one of th eleading new paper reported that, Chief executive officer Chanin Vongkusolkit said yesterday that as a result of the global economic crisis, many multinational firms had shifted their focus to core businesses. Some of them have been forced to sell all or some of their investments in this region.
"This is an opportunity for Banpu to acquire power plants and coal mines in the region in order to strengthen its existing power and coal-mining business," he said.
Like other firms, Banpu has revised its strategic plan since the outbreak of the world economic crisis by focusing on its core competency rather than diversifying into other businesses.
"We expect our revised business plan will be in line with the economic recovery," said Chanin.
Banpu yesterday revealed a second-half net profit of Bt8.78 billion, up 101 per cent from the same period last year.
The power business generated Bt6.47 billion and the remainder came from coal-mining.
The company posted Bt26.56 billion in sales revenue, up 34.75 per cent from Bt19.71 billion in the same period last year.
"The reason for posting a doubling of net profit in the first half is having booked selling prices, which were higher than those in the same period last year," said Chanin.
In addition, he said the revenue-sharing of coal business in China was favourable, as coal prices there were still at a high level.
Chanin said that in the first half of this year Banpu had delivered 8.6 million tonnes of coal to Indonesia. Its target for the full year is 20.5 million tonnes.
"However, the company expects its results in this year's second half will not be as good as the first half because of lower coal prices," he said.
He added that the earnings contribution from its subsidiary BLCP's power plant in the second half would be lower than in the first period, as it would have to stop operations for maintenance.
Source: The Nation
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Tuesday, 08 September 09
SOUTH AFRICAN COAL EXPORTS MAY RISE ON SALES TO INDIA
Bloomberg reported that, South African coal exports may rise to 100 million metric tons a year by 2020 and India may become the biggest destination ...
Monday, 07 September 09
VALE SPENT $300 MILLION AT MOZAMBIQUE COAL MINE
Bloomberg rported that, Vale SA, the world’s biggest iron- ore producer, has so far spent about $300 million of the $1.3 billion investment in ...
Monday, 07 September 09
INDIA MAY BOOST COAL IMPORTS FROM INDONESIA - PLAN JVS
WSJ reported taht, India agreed to study setting up joint ventures with Indonesian companies to acquire coal assets, and look at other means of impo ...
Monday, 07 September 09
INDIAN COAL MAY NOT POWER NEW UMPPS
The Economic Times reported that, bidders for new ultra mega power projects (UMPP) may not get assured coal supplies from domestic mines. As per the ...
Saturday, 05 September 09
THE ECI / CHINA (S7) ROUTE SOFTENED BY ALMOST 12% AND THE CHARTER HIRE WAS AT US$ 16,346 PER DAY - VISTAAR
COALspot.com (Singapore): The dry bulk market continued to be stable with the BDI almost same as last week at 2,415 points.The Panamax index went up b ...
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- Indo Tambangraya Megah - Indonesia
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- VISA Power Limited - India
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- Australian Coal Association
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- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
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- Formosa Plastics Group - Taiwan
- European Bulk Services B.V. - Netherlands
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
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- Heidelberg Cement - Germany
- Indogreen Group - Indonesia
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- Sarangani Energy Corporation, Philippines
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- Power Finance Corporation Ltd., India
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- Coal and Oil Company - UAE
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- Holcim Trading Pte Ltd - Singapore
- Planning Commission, India
- Larsen & Toubro Limited - India
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- Uttam Galva Steels Limited - India
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Deloitte Consulting - India
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Rio Tinto Coal - Australia
- Gujarat Electricity Regulatory Commission - India
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- Ministry of Finance - Indonesia
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- Sindya Power Generating Company Private Ltd
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
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- Metalloyd Limited - United Kingdom
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- The University of Queensland
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- Anglo American - United Kingdom
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- Bahari Cakrawala Sebuku - Indonesia
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
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- Electricity Generating Authority of Thailand
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- Gujarat Sidhee Cement - India
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- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
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- Carbofer General Trading SA - India
- CNBM International Corporation - China
- Bayan Resources Tbk. - Indonesia
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Posco Energy - South Korea
- Kobexindo Tractors - Indoneisa
- Manunggal Multi Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
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- PNOC Exploration Corporation - Philippines
- Altura Mining Limited, Indonesia
- Ministry of Mines - Canada
- Semirara Mining and Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Australian Commodity Traders Exchange
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- Commonwealth Bank - Australia
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- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
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- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Makarim & Taira - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
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- Bhoruka Overseas - Indonesia
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- Thai Mozambique Logistica
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