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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 $10 million. It has annual capacity of 4 million tonnes.
Mr Chanin also said the company's Jorong mine in Indonesia would resume operations in late September after being halted since February by the government because of forest encroachment. Authorities have been working with miners to clarify new operating rules.
"Indonesian coal mines are our major revenue contributor. The [total] coal sales target has been maintained at 23 million tonnes this year," he added.
CIMB-GK Securities (Thailand) has downgraded Banpu's 2010 net profit forecast by 1.4% to 14.6 billion baht following the revision of the Daning figures.
BANPU shares closed yesterday on the SET at 620 baht, down 10 baht, in trade worth 793.3 million baht.
Source: Bangkok Post
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Thursday, 15 September 11
INDIAN GOVT PLANS TO DEVELOP 9 NEW MAJOR PORTS BY 2016 - INVEST MONEY / HELLENIC SHIPPING
The government has announced to make a investment of more than Rs 22,000 crore (approximately US$ 4,623,791,331) to develop nine new major ...
Thursday, 15 September 11
BOTSWANA COAL AND ENERGY CONFERENCE 2011
Press Release - Botswana Coal and Energy Conference 2011 | 29-30 November 2011 | Gaborone. Botswana represents Africa’s exciting new coal and ...
Thursday, 15 September 11
DRY BULK MARKET EDGING FURTHER UP THE SCALE, CLOSING IN ON 2,000 POINTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was up once again yesterday, reaching 1,927 points, or 1.375 higher on the day. Thus, it has kept its rising trend established d ...
Wednesday, 14 September 11
INDO STRAITS BAGS 2.4 MILLION TON COAL TRANSPORTATION CONTRACT FROM ARUTMIN
COALspot.com - PT Indo Straits Tbk (PTIS) bagged a contract to tranship about 2.40 million tons of coal over an initial period of 6 months fro ...
Wednesday, 14 September 11
DUTA PERTIWI DISCOVERS COAL RESERVE - INSIDER STORIES
Insider Stories reported that, PT Duta Pertiwi Nusantara Tbk (DPNS) yesterday steeply jumped 24.56% to Rp710 a share after the company discove ...
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- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Maharashtra Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- MS Steel International - UAE
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- Aditya Birla Group - India
- Banpu Public Company Limited - Thailand
- Intertek Mineral Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- Economic Council, Georgia
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Riau Bara Harum - Indonesia
- The University of Queensland
- Indogreen Group - Indonesia
- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- VISA Power Limited - India
- Siam City Cement PLC, Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- Cement Manufacturers Association - India
- Mjunction Services Limited - India
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- Planning Commission, India
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Orica Australia Pty. Ltd.
- Uttam Galva Steels Limited - India
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- Gujarat Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- PTC India Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- Aboitiz Power Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- Independent Power Producers Association of India
- Merrill Lynch Commodities Europe
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- Vedanta Resources Plc - India
- Globalindo Alam Lestari - Indonesia
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- Eastern Coal Council - USA
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement - Thailand
- Posco Energy - South Korea
- Africa Commodities Group - South Africa
- Electricity Generating Authority of Thailand
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- Savvy Resources Ltd - HongKong
- Dalmia Cement Bharat India
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- Malabar Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- Parliament of New Zealand
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
- Bhushan Steel Limited - India
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- Petron Corporation, Philippines
- Larsen & Toubro Limited - India
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Anglo American - United Kingdom
- Makarim & Taira - Indonesia
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Madhucon Powers Ltd - India
- Kepco SPC Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Authority, New Zealand
- Wilmar Investment Holdings
- Mercator Lines Limited - India
- Medco Energi Mining Internasional
- Formosa Plastics Group - Taiwan
- Xindia Steels Limited - India
- Chamber of Mines of South Africa
- Jindal Steel & Power Ltd - India
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- GVK Power & Infra Limited - India
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- SN Aboitiz Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Antam Resourcindo - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- SMG Consultants - Indonesia
- Romanian Commodities Exchange
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
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