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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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Tuesday, 12 July 11
INDONESIAN MINERS PLAN $70M INVESTMENT TO UPGRADE QUALITY OF COAL - THE JAKARTA GLOBE
One of the leading english language news paper in indonesia, the Jakarta globe reported that, as the government implements a ban on the export of po ...
Tuesday, 12 July 11
DRY BULK MARKET BEGINS WEEK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
As was evident by the end of the previous week, the dry bulk market’s growth momentum was about to lose steam, something proven yesterday, whe ...
Monday, 11 July 11
REFLECTIONS ON THE FLEET REACHING ONE BILLION TONNES - CLARKSONS / HELLENIC SHIPPING
“A billion gross tonnes of shipping” has a nice ring to it. It presents the industry as a business of substance, with its 85,000 ships w ...
Sunday, 10 July 11
UNTR PROVIDES US$100 MIO TO TTA - INSIDER STORIES
PT United Tractors Tbk (UNTR) agreed to allocate US$100 million to its coal subsidiary dubbed PT Tuah Turangga Agung (TTA).The US$100 million was pa ...
Sunday, 10 July 11
HARDLY ANY CARGO FROM WC INDIA UNTIL END OF MONSOONS - VISTAAR
COALspot.com - The BDI continued to hold last week and firmed up by 27 points with cape and panama index supporting the BDI.
The BDI closed at 1, ...
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- Gujarat Mineral Development Corp Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Iligan Light & Power Inc, Philippines
- Vedanta Resources Plc - India
- Central Electricity Authority - India
- Aditya Birla Group - India
- Trasteel International SA, Italy
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Standard Chartered Bank - UAE
- White Energy Company Limited
- Intertek Mineral Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- Heidelberg Cement - Germany
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Coalindo Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- Vizag Seaport Private Limited - India
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- Parliament of New Zealand
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Planning Commission, India
- Malabar Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Cigading International Bulk Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Romanian Commodities Exchange
- Makarim & Taira - Indonesia
- Miang Besar Coal Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
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- GMR Energy Limited - India
- Xindia Steels Limited - India
- PowerSource Philippines DevCo
- Indo Tambangraya Megah - Indonesia
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- Binh Thuan Hamico - Vietnam
- Posco Energy - South Korea
- Cement Manufacturers Association - India
- Kartika Selabumi Mining - Indonesia
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- Timah Investasi Mineral - Indoneisa
- San Jose City I Power Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- Antam Resourcindo - Indonesia
- ICICI Bank Limited - India
- Uttam Galva Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Anglo American - United Kingdom
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Straits Asia Resources Limited - Singapore
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- Minerals Council of Australia
- Jindal Steel & Power Ltd - India
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- Australian Coal Association
- Riau Bara Harum - Indonesia
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
- Mercuria Energy - Indonesia
- Electricity Authority, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- Meenaskhi Energy Private Limited - India
- Indika Energy - Indonesia
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Bharathi Cement Corporation - India
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- PNOC Exploration Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- Chamber of Mines of South Africa
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- Lanco Infratech Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- Vijayanagar Sugar Pvt Ltd - India
- PTC India Limited - India
- AsiaOL BioFuels Corp., Philippines
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- VISA Power Limited - India
- GVK Power & Infra Limited - India
- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Tamil Nadu electricity Board
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Kepco SPC Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Deloitte Consulting - India
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
- Larsen & Toubro Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- Eastern Coal Council - USA
- Carbofer General Trading SA - India
- Energy Link Ltd, New Zealand
- Electricity Generating Authority of Thailand
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
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