We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Wednesday, 11 August 10
BANPU SECURES TAKEOVER LOAN - BANGKOK POST
 Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, has secured loans worth US$2 billion from Thai and foreign banks to proceed with its takeover of Sydney-based Centennial Coal Co, which Banpu shareholders approved yesterday.
Chief executive Chanin Vongkusolkit said the company expected to complete its tender offer for the remaining 80.1% of Centennial by the end of September or early October at the cost of A$2.017 billion or 55.29 billion baht.
Banpu earlier acquired 19.9% of Centennial for A$380 million. On July 5, Banpu announced it would buy all of the ordinarily shares of the Australian company that it does not already control at the price of A$6.2 per share.
Mr Chanin said yesterday that the takeover would be completed after Australia's general election on Aug 21, adding that he expected the new Australian government would welcome the deal.
The company expected to book revenue contributions from Centennial in the fourth quarter of this year, he added.
Centennial, with 10 mines, has marketable coal reserves of 386 million tonnes as of June 30 this year. Banpu, which operates coal mines in Indonesia and China, has reserves of 318 million tonnes.
Shareholders yesterday also approved the management's plan to issue additional debentures worth up to 20 billion baht with maturities of up to 15 years.
Mr Chanin said Banpu would issue some debentures later this year in multiple tranches to either refinance debts or fund its acquisition of Centennial.
Banpu was confident that 2010 revenue would beat forecasts despite lower production at the Daning mine in Shanxi province due to a licence renewal delay.
The company on Monday revised down forecast production of the Chinese underground mine by 10%, resulting in expected lower net profit of $10 million. It has annual capacity of 4 million tonnes.
Mr Chanin also said the company's Jorong mine in Indonesia would resume operations in late September after being halted since February by the government because of forest encroachment. Authorities have been working with miners to clarify new operating rules.
"Indonesian coal mines are our major revenue contributor. The [total] coal sales target has been maintained at 23 million tonnes this year," he added.
CIMB-GK Securities (Thailand) has downgraded Banpu's 2010 net profit forecast by 1.4% to 14.6 billion baht following the revision of the Daning figures.
BANPU shares closed yesterday on the SET at 620 baht, down 10 baht, in trade worth 793.3 million baht.
Source: Bangkok Post
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Wednesday, 26 October 11
PWCS GLOBAL SHIPPING BENCHMARKING ANALYSIS: RECOVERY IN 2010 BUT GREAT UNCERTAINLY FOR 2011
The recovery of global trade in 2010 to the same levels as 2008 led to an improvement in the overall performance of shipping companies in 2010 compa ...
Wednesday, 26 October 11
INDIAN MARKET WAS REMAINED TIGHT THE WHOLE LAST WEEK - BRS
The market once more seems to be at a crossroads. The indices last week remained fairly stable (except for the Panamax sector), ending the week as f ...
Tuesday, 25 October 11
DRY BULK MARKET STEADY, ANALYSTS LOOKING FOR ADDED PRESSURE ON THE MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was unchanged on Monday, with the industry’s benchmark, the BDI (Baltic Dry Index) ending the session at 2,153 points, exa ...
Monday, 24 October 11
NEW HEAD OF INDONESIA'S MINING MINISTRY GETS RAKED OVER THE COALS - JOSEPH KIRSCHKE
COALspot.com - Following Indonesia’s presidential cabinet shakeup last week, many are questioning the qualifications of Energy and Mineral Res ...
Monday, 24 October 11
CHINA QINHUANGDAO COAL PRICE RISES TO HIGHEST IN THREE YEARS - BUSINESSWEEK
Business week reported that, China’s power-station coal price rose to the highest level in three years as power stations and central heating p ...
|
|
|
Showing 5011 to 5015 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- San Jose City I Power Corp, Philippines
- Coal and Oil Company - UAE
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement - Thailand
- Kepco SPC Power Corporation, Philippines
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- Commonwealth Bank - Australia
- PetroVietnam Power Coal Import and Supply Company
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
- Karbindo Abesyapradhi - Indoneisa
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- SMC Global Power, Philippines
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bhushan Steel Limited - India
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- Ministry of Transport, Egypt
- Sarangani Energy Corporation, Philippines
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- Parry Sugars Refinery, India
- Aboitiz Power Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Interocean Group of Companies - India
- Central Java Power - Indonesia
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Australian Coal Association
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- Malabar Cements Ltd - India
- Vizag Seaport Private Limited - India
- Madhucon Powers Ltd - India
- Antam Resourcindo - Indonesia
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- Jaiprakash Power Ventures ltd
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- Grasim Industreis Ltd - India
- ASAPP Information Group - India
- Kartika Selabumi Mining - Indonesia
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Renaissance Capital - South Africa
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
- Port Waratah Coal Services - Australia
- Petron Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- Cement Manufacturers Association - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Essar Steel Hazira Ltd - India
- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Baramulti Group, Indonesia
- OPG Power Generation Pvt Ltd - India
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Manunggal Multi Energi - Indonesia
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- Electricity Generating Authority of Thailand
- Wilmar Investment Holdings
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ICICI Bank Limited - India
- Miang Besar Coal Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Bhatia International Limited - India
- Georgia Ports Authority, United States
- Cigading International Bulk Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- Videocon Industries ltd - India
- Star Paper Mills Limited - India
- Coalindo Energy - Indonesia
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- Toyota Tsusho Corporation, Japan
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- PowerSource Philippines DevCo
- Romanian Commodities Exchange
- Kumho Petrochemical, South Korea
- PTC India Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Xindia Steels Limited - India
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Parliament of New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Mercator Lines Limited - India
- Latin American Coal - Colombia
- Salva Resources Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- Australian Commodity Traders Exchange
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Independent Power Producers Association of India
- Orica Mining Services - Indonesia
- Orica Australia Pty. Ltd.
- Vijayanagar Sugar Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- Kalimantan Lumbung Energi - Indonesia
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Tata Chemicals Ltd - India
- Standard Chartered Bank - UAE
- Ceylon Electricity Board - Sri Lanka
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- Indogreen Group - Indonesia
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- LBH Netherlands Bv - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Aditya Birla Group - India
- The Treasury - Australian Government
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
|
| |
| |
|
