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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 $10 million. It has annual capacity of 4 million tonnes.
Mr Chanin also said the company's Jorong mine in Indonesia would resume operations in late September after being halted since February by the government because of forest encroachment. Authorities have been working with miners to clarify new operating rules.
"Indonesian coal mines are our major revenue contributor. The [total] coal sales target has been maintained at 23 million tonnes this year," he added.
CIMB-GK Securities (Thailand) has downgraded Banpu's 2010 net profit forecast by 1.4% to 14.6 billion baht following the revision of the Daning figures.
BANPU shares closed yesterday on the SET at 620 baht, down 10 baht, in trade worth 793.3 million baht.
Source: Bangkok Post
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Friday, 05 August 11
RIO TINTO SIGNS MOU WITH JINDAL STEEL AND POWER ON ADVANCING HISMELT TECHNOLOGY
Press Release - Rio Tinto has signed a Memorandum of Understanding (MoU) with Jindal Steel and Power Limited (JSPL) to take the next step in g ...
Friday, 05 August 11
THE WORLDS LARGEST COAL MINER TO INVEST IN INDO MINES
COALspot.com - Golden Energy Mines (GEMS) might go for initial public offering (IPO) by the end of September 2011. The company is planning to off lo ...
Friday, 05 August 11
DRY BULK MARKET FINALLY TAKES A BREATHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market at last caught a break mid-week after a constant fall which saw the industry’s benchmark, the BDI (Baltic Dry Index) falli ...
Thursday, 04 August 11
THE HBA CONTINUES TO FALL IN AUGUST
COALspot.com - Ministry of Energy and Mineral Resources of Indonesia has set the August 2011 coal reference price at US$ 117.21 per ton slightly low ...
Wednesday, 03 August 11
DEWA RETURNS TO US$2.65 MIO NET PROFIT - INSIDER STORIES
Coal mining contractor PT Darma Henwa Tbk (DEWA), that most of its revenue is contributed by Kaltim Prima Coal and Arutmin Indonesia, returned to ne ...
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- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- Videocon Industries ltd - India
- Ministry of Transport, Egypt
- Australian Coal Association
- Bukit Baiduri Energy - Indonesia
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- Aditya Birla Group - India
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Sindya Power Generating Company Private Ltd
- Timah Investasi Mineral - Indoneisa
- Salva Resources Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Aboitiz Power Corporation - Philippines
- Sojitz Corporation - Japan
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Indika Energy - Indonesia
- Sakthi Sugars Limited - India
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bhushan Steel Limited - India
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- Indian Energy Exchange, India
- Parliament of New Zealand
- Eastern Coal Council - USA
- Global Coal Blending Company Limited - Australia
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- Billiton Holdings Pty Ltd - Australia
- India Bulls Power Limited - India
- Larsen & Toubro Limited - India
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Coalindo Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Global Business Power Corporation, Philippines
- Star Paper Mills Limited - India
- Planning Commission, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Borneo Indobara - Indonesia
- Coastal Gujarat Power Limited - India
- Economic Council, Georgia
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- OPG Power Generation Pvt Ltd - India
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- Sree Jayajothi Cements Limited - India
- The State Trading Corporation of India Ltd
- MS Steel International - UAE
- Bangladesh Power Developement Board
- New Zealand Coal & Carbon
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- VISA Power Limited - India
- Thiess Contractors Indonesia
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Central Electricity Authority - India
- Bukit Asam (Persero) Tbk - Indonesia
- Latin American Coal - Colombia
- Marubeni Corporation - India
- PowerSource Philippines DevCo
- Metalloyd Limited - United Kingdom
- GVK Power & Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- ASAPP Information Group - India
- Thai Mozambique Logistica
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Central Java Power - Indonesia
- Sarangani Energy Corporation, Philippines
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Mercuria Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Makarim & Taira - Indonesia
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- Oldendorff Carriers - Singapore
- Kobexindo Tractors - Indoneisa
- Simpson Spence & Young - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Tamil Nadu electricity Board
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- LBH Netherlands Bv - Netherlands
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Iligan Light & Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Cement Manufacturers Association - India
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- GAC Shipping (India) Pvt Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Kartika Selabumi Mining - Indonesia
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
- Eastern Energy - Thailand
- Gujarat Sidhee Cement - India
- PetroVietnam Power Coal Import and Supply Company
- Bank of Tokyo Mitsubishi UFJ Ltd
- Wood Mackenzie - Singapore
- Xindia Steels Limited - India
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
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