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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
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Monday, 10 October 11
MOZAMBIQUE CHANNEL TO BE THE NEW PIRACY HOTSPOT FOR THIS YEAR SAYS MARITIME SECURITY EXPERT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The Mozambique Channel, as well as the entrance to the Persian Gulf, are expected to become some of the new pirate hotspots for piracy, says Richard ...
Sunday, 09 October 11
FREIGHT MARKET ENDED WITH A POSITIVE DIRECTION - VISTAAR
COALspot.com - The market ended with a positive note with all the segments up except for handy size. The biggest gainer was Panamax index up by 11 p ...
Saturday, 08 October 11
INDONESIAN MINER PLANS $167M IPO TO FUEL SUMATRA COAL BOOM - JG
The Jakarta Globe reported that, coal miner Atlas Resources aims to raise as much as Rp 1.5 trillion ($167 million) in an initial public offering to ...
Friday, 07 October 11
MINING REGULATIONS , OBSTACLES AND GROWTH : INDIA VS INDONESIA - SUNIL K KUMBHAT
COALspot.com - The Govt of India has passed long pending Mines & Minerals (Regulation and Development) Bill, 2011, which seeks to replace ...
Friday, 07 October 11
$100M FOR EXPANSION INTO KALIMANTAN MINING: AKR
The Jakarta Globe, one of the leading English news paper in Indonesia reported that, AKR Corporindo, a fuel and chemical distributor, has set aside ...
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- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Anglo American - United Kingdom
- Power Finance Corporation Ltd., India
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- Malabar Cements Ltd - India
- TeaM Sual Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Karaikal Port Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- CNBM International Corporation - China
- Indika Energy - Indonesia
- Parliament of New Zealand
- Chamber of Mines of South Africa
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- Attock Cement Pakistan Limited
- Indian Energy Exchange, India
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- Siam City Cement - Thailand
- AsiaOL BioFuels Corp., Philippines
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Kaltim Prima Coal - Indonesia
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- Trasteel International SA, Italy
- Port Waratah Coal Services - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Minerals Council of Australia
- Heidelberg Cement - Germany
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Marubeni Corporation - India
- Siam City Cement PLC, Thailand
- Barasentosa Lestari - Indonesia
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sojitz Corporation - Japan
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Salva Resources Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- Bhatia International Limited - India
- Samtan Co., Ltd - South Korea
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Aditya Birla Group - India
- The Treasury - Australian Government
- Banpu Public Company Limited - Thailand
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Ambuja Cements Ltd - India
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Thiess Contractors Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- Georgia Ports Authority, United States
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Central Java Power - Indonesia
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Renaissance Capital - South Africa
- Straits Asia Resources Limited - Singapore
- Oldendorff Carriers - Singapore
- Jindal Steel & Power Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- PetroVietnam Power Coal Import and Supply Company
- Bukit Asam (Persero) Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Wilmar Investment Holdings
- Orica Australia Pty. Ltd.
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- Kumho Petrochemical, South Korea
- IEA Clean Coal Centre - UK
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- Ministry of Finance - Indonesia
- Vizag Seaport Private Limited - India
- Parry Sugars Refinery, India
- Iligan Light & Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- European Bulk Services B.V. - Netherlands
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- GMR Energy Limited - India
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