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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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Monday, 20 June 11
KPCL SETS ALL INDIA & POSSIBLY A WORLD RECORD FOR COAL DISCHARGING
COALspot.com - Krishnapatnam Port has set an all India record for discharging 95,528 tons of steam coal in just 24 hrs using the conventional unload ...
Monday, 20 June 11
5TH ASIA PACIFIC COAL TRADING & INVESTMENT OUTLOOK 2011 IS ON THE WAY
Press Release - Since the beginning of 2011, international commodity price has been in a high level, resulting in “TENSION” of energy co ...
Sunday, 19 June 11
S6 AND S7 ROUTES LIKELY TO BE SOFT NEXT WEEK - VISTAAR
COALspot.com - The freight market seemed to be stabilizing and the BDI and Cape index was up marginally and closed at 1,423 points and 1,824 points ...
Sunday, 19 June 11
BUMI 1Q NET PROFIT INCREASES 16.5 PERCENT
PT Bumi Resources Tbk (BUMI), Indonesia's largest coal exporter that is 25% owned by London-listed Vallar Plc, reported a16.49% increase in net pro ...
Friday, 17 June 11
DRY BULK BREATHES SIGH OF RELEAF ON RENEWED CAPESIZE DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has caught a sign of relief from the middle of the week onwards, as the BDI (Baltic Dry Index) increased once again yesterday, t ...
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- GVK Power & Infra Limited - India
- Vizag Seaport Private Limited - India
- PowerSource Philippines DevCo
- Sindya Power Generating Company Private Ltd
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sarangani Energy Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Agrawal Coal Company - India
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Cigading International Bulk Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
- Parliament of New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Uttam Galva Steels Limited - India
- Planning Commission, India
- Antam Resourcindo - Indonesia
- Marubeni Corporation - India
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Petrochimia International Co. Ltd.- Taiwan
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Mercator Lines Limited - India
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- Indika Energy - Indonesia
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- Oldendorff Carriers - Singapore
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- Energy Development Corp, Philippines
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- PNOC Exploration Corporation - Philippines
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- OPG Power Generation Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Essar Steel Hazira Ltd - India
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Bahari Cakrawala Sebuku - Indonesia
- Ind-Barath Power Infra Limited - India
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- Indogreen Group - Indonesia
- Timah Investasi Mineral - Indoneisa
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Renaissance Capital - South Africa
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- Chettinad Cement Corporation Ltd - India
- The University of Queensland
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Minerals Council of Australia
- South Luzon Thermal Energy Corporation
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Thiess Contractors Indonesia
- VISA Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Anglo American - United Kingdom
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- Maharashtra Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Attock Cement Pakistan Limited
- Sinarmas Energy and Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Latin American Coal - Colombia
- Formosa Plastics Group - Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Riau Bara Harum - Indonesia
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Bhushan Steel Limited - India
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Deloitte Consulting - India
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- Therma Luzon, Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
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