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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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Wednesday, 21 September 11
2ND ANNUAL SHALE GAS SUMMIT
2nd Annual Shale Gas Summit 31 October – 3 November 2011 JW Marriott Hotel, Hong Kong
According to a recent EI ...
Tuesday, 20 September 11
MTD INAUGURATES ITS COAL TERMINAL IN JAVA ISLAND
Press Release – MTD Group of Malaysia, one of prominent key players in the development of infrastructure in Malaysia, today inaugurated their ...
Tuesday, 20 September 11
DRY BULK MARKET LOSING ITS EDGE, RETREATING AT THE START OF THE WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
After a surge during the past couple of weeks, which saw Capesize earnings boosted and the BDI (Baltic Dry Index) reaching levels of year high and c ...
Monday, 19 September 11
CHINA IMPORTS MORE THAN 10 MMT INDO COAL IN AUGUST 2011
COALspot.com - Indonesian coal exports dropped 1.642 million tons in August compared to July exports. Indonesia exports 29.662 million tons of coal ...
Monday, 19 September 11
INDOMOBIL ENTERING INTO COAL MINING BUSINESS
COALspot.Com- PT Indomobil Sukses Internasional Tbk, part of, one of Indonesia's largest conglomerates, to enter into mining industry ac ...
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- SN Aboitiz Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Star Paper Mills Limited - India
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- Cigading International Bulk Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- Ambuja Cements Ltd - India
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Merrill Lynch Commodities Europe
- Grasim Industreis Ltd - India
- Ceylon Electricity Board - Sri Lanka
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Chamber of Mines of South Africa
- PetroVietnam Power Coal Import and Supply Company
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- Savvy Resources Ltd - HongKong
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
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- Anglo American - United Kingdom
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- Intertek Mineral Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- Orica Australia Pty. Ltd.
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
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- Thiess Contractors Indonesia
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- OPG Power Generation Pvt Ltd - India
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- Meralco Power Generation, Philippines
- Siam City Cement - Thailand
- Thai Mozambique Logistica
- Electricity Generating Authority of Thailand
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- Minerals Council of Australia
- Africa Commodities Group - South Africa
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- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- New Zealand Coal & Carbon
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- SMC Global Power, Philippines
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- London Commodity Brokers - England
- Cement Manufacturers Association - India
- Posco Energy - South Korea
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- Siam City Cement PLC, Thailand
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- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
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- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- Latin American Coal - Colombia
- Vijayanagar Sugar Pvt Ltd - India
- Economic Council, Georgia
- Coalindo Energy - Indonesia
- Singapore Mercantile Exchange
- Romanian Commodities Exchange
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
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- Indika Energy - Indonesia
- Medco Energi Mining Internasional
- Kumho Petrochemical, South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ministry of Mines - Canada
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Planning Commission, India
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Banpu Public Company Limited - Thailand
- Essar Steel Hazira Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Xindia Steels Limited - India
- Samtan Co., Ltd - South Korea
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- Altura Mining Limited, Indonesia
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- Power Finance Corporation Ltd., India
- Parry Sugars Refinery, India
- Bhushan Steel Limited - India
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- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
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- Independent Power Producers Association of India
- Kepco SPC Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- Marubeni Corporation - India
- Indonesian Coal Mining Association
- Goldman Sachs - Singapore
- Dalmia Cement Bharat India
- MS Steel International - UAE
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Georgia Ports Authority, United States
- Sinarmas Energy and Mining - Indonesia
- VISA Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Indo Tambangraya Megah - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
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