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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 $10 million. It has annual capacity of 4 million tonnes.
Mr Chanin also said the company's Jorong mine in Indonesia would resume operations in late September after being halted since February by the government because of forest encroachment. Authorities have been working with miners to clarify new operating rules.
"Indonesian coal mines are our major revenue contributor. The [total] coal sales target has been maintained at 23 million tonnes this year," he added.
CIMB-GK Securities (Thailand) has downgraded Banpu's 2010 net profit forecast by 1.4% to 14.6 billion baht following the revision of the Daning figures.
BANPU shares closed yesterday on the SET at 620 baht, down 10 baht, in trade worth 793.3 million baht.
Source: Bangkok Post
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Saturday, 23 July 11
FAR EAST /SE ASIA ROUTE GAINED US$ 3000 HIGHER THAN LAST WEEK - VISTAAR
COALspot.com - The BDI further softened to by 2.22 pct and closed at 1323 points. The Cape and Panamax index also softened and closed at 1841 points ...
Saturday, 23 July 11
PANAMAX MARKET FACED A LIMITED ACTIVITY IN ALL BASINS
Handy
Atlantic softening across all segments with little fresh enquiry ex Bsea/Cont/USG and ECSA. Trips to Far east remain healthy. More cargoes ex ...
Friday, 22 July 11
MARUBENI ACQUIRING 42.86% SHARE OF YTL JAWA POWER HOLDINGS
COALspot.com - Japan’s Marubeni Corporation acquisition 42.86% stake in YTL Jawa Power Holdings BV, which owns a 35% equity interest in Indone ...
Thursday, 21 July 11
INDIA IMPORTS 36.033 MILLION TONS OF INDONESIAN COAL TILL JUNE
COALspot.com - Indonesia shipped 28.27 Million tons of coal in June 2011, a 2.3 percent lesser than May export of about 28.962 million tons, I ...
Thursday, 21 July 11
COAL PRICES ARE AT US$ 120 A TONNE
COALspot.com - Indonesian coal production in 2011 is expected to reach 360 million tons or 5.8 percent higher than government's forecasts. The incr ...
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- Merrill Lynch Commodities Europe
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- MS Steel International - UAE
- Wilmar Investment Holdings
- Energy Development Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
- CIMB Investment Bank - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Cigading International Bulk Terminal - Indonesia
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- Tata Chemicals Ltd - India
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Chettinad Cement Corporation Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- SMC Global Power, Philippines
- Tamil Nadu electricity Board
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Power Finance Corporation Ltd., India
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- New Zealand Coal & Carbon
- Krishnapatnam Port Company Ltd. - India
- SN Aboitiz Power Inc, Philippines
- CNBM International Corporation - China
- Barasentosa Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- Kepco SPC Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Asmin Koalindo Tuhup - Indonesia
- Savvy Resources Ltd - HongKong
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Australian Coal Association
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- Bhoruka Overseas - Indonesia
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Parliament of New Zealand
- Interocean Group of Companies - India
- Latin American Coal - Colombia
- PTC India Limited - India
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Deloitte Consulting - India
- Chamber of Mines of South Africa
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Georgia Ports Authority, United States
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Indika Energy - Indonesia
- SMG Consultants - Indonesia
- Siam City Cement - Thailand
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Sakthi Sugars Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- Carbofer General Trading SA - India
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- San Jose City I Power Corp, Philippines
- Singapore Mercantile Exchange
- Meenaskhi Energy Private Limited - India
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- India Bulls Power Limited - India
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- OPG Power Generation Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Independent Power Producers Association of India
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- ASAPP Information Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Bhatia International Limited - India
- Essar Steel Hazira Ltd - India
- Standard Chartered Bank - UAE
- McConnell Dowell - Australia
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Electricity Authority, New Zealand
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Altura Mining Limited, Indonesia
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- Ambuja Cements Ltd - India
- Antam Resourcindo - Indonesia
- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- GAC Shipping (India) Pvt Ltd
- Billiton Holdings Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Kumho Petrochemical, South Korea
- Bayan Resources Tbk. - Indonesia
- Star Paper Mills Limited - India
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Port Waratah Coal Services - Australia
- Global Coal Blending Company Limited - Australia
- Minerals Council of Australia
- Heidelberg Cement - Germany
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
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