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Friday, 26 February 10
BANPU PROFITS SURGE BY 54% TO RECORD B14BN ON BRISK SALES
 Banpu Plc, Asean's largest coal miner, said its earnings surged to a record high of 14.23 billion baht last year, an increase of 54% on the previous year.
Higher-than-expected coal sales and solid results in the power sector helped create the record profits, said chief executive Chanin Vongkusolkit.
Coal sales totalled 21.09 million tonnes last year, up 14% and beating the company's forecast of 20.5 million, he said.
Banpu's average selling price was $71.70 per tonne, on par with the $72 quoted the previous year. Even though the average benchmark coal price dropped by 44% during the year, the company started fixing prices for coal contracts from mid-2008 when the market price was strong, he said.
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“ The new Indominco East Block also began production, resulting in 14% higher output to 12.16 million tonnes at Banpu's biggest mine. As well, the Kitadin-Embalut mine resumed operations after being shut down for a few years, contributing 610,000 tonnes”
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"Lower rainfall allowed better Indonesian coal output," said Mr Chanin. "China coal operations reported solid performance and favourable coal prices as a reflection of sustained domestic consumption."
All of the company's mines in Kalimantan, in Indonesia, operated with higher efficiency. Trubaindo and Jurong ran at full capacities of 5.13 million and 2.96 million tonnes, respectively.
The new Indominco East Block also began production, resulting in 14% higher output to 12.16 million tonnes at Banpu's biggest mine. As well, the Kitadin-Embalut mine resumed operations after being shut down for a few years, contributing 610,000 tonnes.
Coal revenue rose 15% to 52.7 billion baht, or 91% of Banpu's total sales of 57.86 billion, which also rose by 15% year-on-year, he said.
"The coal business performed in line with our projection in the final quarter of last year with shipments of 7.2 million tonnes, up 35% from the previous quarter. This helped offset the 7% quarter-on-quarter decrease in coal prices to $64.7 a tonne," Mr Chanin said.
The power business also reported sound results with sales of power and steam rising 13% to 5.16 billion baht. Thanks to lower coal costs and higher prices of electricity and steam in China, net profit at Banpu's three plants on the mainland rose to 591 million baht in 2009 from 160 million the year before.
BLCP, in which Banpu holds an equal share with Electricity Generating Plc (Egco), continued to run at high capacity and contributed 3.4 billion baht in equity income, a rise of 8% from 2008.
Earnings per share rose 54% to 52.36 baht from 33.96 baht in 2008.
Banpu also booked a "significant gain" of 2.87 billion baht from a coal swap, compared to a loss of 218 million loss the year before, said Mr Chanin.
BANPU shares closed yesterday on the SET at 536 baht, up 4 baht, in trade worth 770 million baht.
Source: Bangkok Post - Nareerat Wiriyapong
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Thursday, 25 March 10
INDIAS MAHARASHTRA SEEKS TO IMPORT 3.35 MILLION TONS OF COAL - BLOOMBERG
Bloomberg reported that, Maharashtra State Power Generation Co., a provider of electricity to India’s commercial hub Mumbai, is seeking 3.35 m ...
Thursday, 25 March 10
THE INDIAN MARKET IS STILL FIRM - FEARNLEYS AS
Handy
A sluggish start to the week in the Atlantic with little fresh busin ...
Tuesday, 23 March 10
NINE COMPANIES WIN 20-YEAR COAL CONTRACTS - TEMPO
Tempo Interactive reported that, State Eletricity Company (Perusahaan Listrik Negara) revealed four joint ventures and one company winning coa ...
Monday, 22 March 10
INDONESIA`S MERUKH WINS US$3 BLN SWISS CONTRACT TO SUPPLY COAL - ANTARA
Antara Reported that, Indonesia's PT Merukh Enterprises said it has secured a 30-year contract to supply coal to Swiss buyer Glencore International ...
Monday, 22 March 10
INDIA TO IMPORT COLOMBIAN COAL FOR FIRST TIME AS DEMAND SURGES - BLOOMBERG
Bloomberg reported that, Adani Enterprises Ltd., India’s biggest coal importer, agreed to buy thermal coal from Colombia for the first t ...
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Showing 5926 to 5930 news of total 6871 |
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- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Orica Mining Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- Kobexindo Tractors - Indoneisa
- Coastal Gujarat Power Limited - India
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Aditya Birla Group - India
- The University of Queensland
- Chamber of Mines of South Africa
- Makarim & Taira - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- Kumho Petrochemical, South Korea
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- VISA Power Limited - India
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- Therma Luzon, Inc, Philippines
- Siam City Cement PLC, Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- San Jose City I Power Corp, Philippines
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- South Luzon Thermal Energy Corporation
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- Posco Energy - South Korea
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- Renaissance Capital - South Africa
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- GMR Energy Limited - India
- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining and Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- Carbofer General Trading SA - India
- Trasteel International SA, Italy
- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
- Savvy Resources Ltd - HongKong
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indogreen Group - Indonesia
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Independent Power Producers Association of India
- Parliament of New Zealand
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- SMC Global Power, Philippines
- Kideco Jaya Agung - Indonesia
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Dalmia Cement Bharat India
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sinarmas Energy and Mining - Indonesia
- Edison Trading Spa - Italy
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- MS Steel International - UAE
- Bhatia International Limited - India
- India Bulls Power Limited - India
- Cement Manufacturers Association - India
- Kaltim Prima Coal - Indonesia
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Planning Commission, India
- New Zealand Coal & Carbon
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- Vizag Seaport Private Limited - India
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Barasentosa Lestari - Indonesia
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Mercator Lines Limited - India
- Electricity Generating Authority of Thailand
- Eastern Coal Council - USA
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- White Energy Company Limited
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
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