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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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Wednesday, 13 April 11
CAPESIZE VESSELS ARE DELIVERED AT A PACE OF ONE NEW VESSEL EVERY SECOND DAY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In a clear sign that it will take a significant rise in global seaborne dry bulk trade in order to be able to absorb the flurry of new building tonn ...
Sunday, 10 April 11
SOFT FREIGHT MARKET TREND LIKELY TO BE CONTINUED - VISTAAR SHIPPING
COALspot.com - The freight market continued to soften further with the BDI breaking the 1,500 points and closing at 1376 points down by almost 10 pc ...
Thursday, 07 April 11
HANDY RATES SLIDING NOW - FEARNBULK
Handy
Slowly softening rates as more tonnage is accumulating in the Atlantic basin.The trans-Atlantic round is around $15k pd with trips to ...
Thursday, 07 April 11
DRY BULK MARKET PLUNGING EVEN FURTHER ON LOW CARGO DEMAND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has continued its falling pattern this week, with every day proving to be painful for ship owners, especially those of the large ...
Thursday, 07 April 11
INDIKA BUYS MITRABAHTERA AT US$ 0.183
PT Indika Energy Tbk (INDY), integrated energy company, today has exercised an option agreement to acquire 51% shareholding in newly listed coal tug ...
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- Salva Resources Pvt Ltd - India
- White Energy Company Limited
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- South Luzon Thermal Energy Corporation
- Parliament of New Zealand
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- Sical Logistics Limited - India
- Parry Sugars Refinery, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Directorate Of Revenue Intelligence - India
- New Zealand Coal & Carbon
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- Medco Energi Mining Internasional
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Oldendorff Carriers - Singapore
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Tata Chemicals Ltd - India
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- SMG Consultants - Indonesia
- Sakthi Sugars Limited - India
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- CNBM International Corporation - China
- IEA Clean Coal Centre - UK
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- PTC India Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- Sarangani Energy Corporation, Philippines
- London Commodity Brokers - England
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- Globalindo Alam Lestari - Indonesia
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- Romanian Commodities Exchange
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- Orica Mining Services - Indonesia
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- Posco Energy - South Korea
- Billiton Holdings Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Australian Coal Association
- Pipit Mutiara Jaya. PT, Indonesia
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Bukit Asam (Persero) Tbk - Indonesia
- Xindia Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Wilmar Investment Holdings
- Africa Commodities Group - South Africa
- Marubeni Corporation - India
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- GVK Power & Infra Limited - India
- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- Therma Luzon, Inc, Philippines
- Larsen & Toubro Limited - India
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Trasteel International SA, Italy
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
- Latin American Coal - Colombia
- The University of Queensland
- Chamber of Mines of South Africa
- Baramulti Group, Indonesia
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- Rio Tinto Coal - Australia
- Videocon Industries ltd - India
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Sree Jayajothi Cements Limited - India
- Gujarat Sidhee Cement - India
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Manunggal Multi Energi - Indonesia
- ICICI Bank Limited - India
- Uttam Galva Steels Limited - India
- Cement Manufacturers Association - India
- Interocean Group of Companies - India
- Metalloyd Limited - United Kingdom
- MS Steel International - UAE
- Altura Mining Limited, Indonesia
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
- Vedanta Resources Plc - India
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Deloitte Consulting - India
- TNB Fuel Sdn Bhd - Malaysia
- Aboitiz Power Corporation - Philippines
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Pendopo Energi Batubara - Indonesia
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Jaiprakash Power Ventures ltd
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- PetroVietnam Power Coal Import and Supply Company
- Simpson Spence & Young - Indonesia
- Indonesian Coal Mining Association
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Planning Commission, India
- Mercator Lines Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- Kaltim Prima Coal - Indonesia
- VISA Power Limited - India
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kumho Petrochemical, South Korea
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Savvy Resources Ltd - HongKong
- Kobexindo Tractors - Indoneisa
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