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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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Friday, 26 August 11
INTRACO EYES US$200 MIO COAL TAKEOVER - INSIDER STORIES
Heavy equipment distributor PT Intraco Penta Tbk, that was founded by Halex Halim, is scouting a coal acquisition with the valuation above US$200 mi ...
Thursday, 25 August 11
OPG EXPECTS COAL PRICES TO REMAIN FIRM IN THE SHORT TERM
COALspot.com - Revenue of OPG, the developer and operator of Group Captive power plants in India up 188% to £33.15m and Income from continuing ...
Thursday, 25 August 11
PAITON POWER LOOKING FOR 3.96 MILLION TONS OF COAL
COALspot.com - PT Pembangkit Jawa Bali (PJB) is looking for 3.96 million tons coal with calorific value 4,800 kcal/kg on as received basis. Accordin ...
Tuesday, 23 August 11
ICMA CALLS GOVERNMENT TO REVIEW EXPORT BAN REGULATION
COALspot.com - Chairman of the Indonesian Coal Mining Association (ICMA) Bob Kamandanu asks the government to review the regulation that being draft ...
Tuesday, 23 August 11
ADARO ENERGY ACQUIRES 75% STAKE OF PT MUSTIKA INDAH PERMAI FOR US$ 222.5 MILLION
COALspot.com - PT Alam Tri Abadi, a wholly owned subsidiary of PT Adaro Energy Tbk, signed a share purchase agreement to acquire a 75% stake of PT M ...
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- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
- Minerals Council of Australia
- Sree Jayajothi Cements Limited - India
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Therma Luzon, Inc, Philippines
- Electricity Authority, New Zealand
- Ind-Barath Power Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- New Zealand Coal & Carbon
- Sinarmas Energy and Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- Indogreen Group - Indonesia
- South Luzon Thermal Energy Corporation
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- ASAPP Information Group - India
- Cement Manufacturers Association - India
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Planning Commission, India
- Attock Cement Pakistan Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- Edison Trading Spa - Italy
- Vijayanagar Sugar Pvt Ltd - India
- Bhushan Steel Limited - India
- The University of Queensland
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Power Finance Corporation Ltd., India
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Kapuas Tunggal Persada - Indonesia
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Bharathi Cement Corporation - India
- Siam City Cement - Thailand
- Wilmar Investment Holdings
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- Chettinad Cement Corporation Ltd - India
- Coalindo Energy - Indonesia
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- Marubeni Corporation - India
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Indian Oil Corporation Limited
- Agrawal Coal Company - India
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- San Jose City I Power Corp, Philippines
- Ministry of Finance - Indonesia
- Iligan Light & Power Inc, Philippines
- Indonesian Coal Mining Association
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- Deloitte Consulting - India
- Gujarat Electricity Regulatory Commission - India
- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- McConnell Dowell - Australia
- Parliament of New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- Kepco SPC Power Corporation, Philippines
- Kumho Petrochemical, South Korea
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- Price Waterhouse Coopers - Russia
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Krishnapatnam Port Company Ltd. - India
- Mintek Dendrill Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
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