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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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Thursday, 24 March 11
INDIA'S CHETTINAD INTERNATIONAL COAL TERMINAL'S PERMISSIBLE DRAFT HAS INCREASED TO 13.5 M
COALspot.com - Chettinad International Coal Terminal in Ennore port has the berth with draft 13.5 Meters now, according to E-Mail statement received ...
Thursday, 24 March 11
DRY BULK MARKET RISES, CAPESIZES GAIN BUT REMAIN LOW EARNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market posted modest gains on Wednesday, with the Baltic Dry Index rising to 1,565 points, up by 1.43 percent on the day, led by gains ...
Wednesday, 23 March 11
INDIAS TNPL RECEIVED 1.120 MMTS OF COAL AGAINST ITS 160K MT INQUIRY
COALspot.com - Tamil Nadu Newsprint and Papers Ltd. has closed its inquiry today.
Seven Indian coal traders have submitted price bid to sup ...
Tuesday, 22 March 11
MONNET ISPAT & ENERGY LIMITED ACQUIRES INDONESIAN COAL COMPANY THROUGH ITS SUBSIDIARY MONNET GLOBAL LIMITED
Monnet Global Limited (MGL) acquires PT Sarwa Sembada Karya Bumi, Sumatra & on part exploration the reserves of 65 million tonne on Thermal Coal ...
Tuesday, 22 March 11
RI COAL EXPORTS TO JAPAN MAY BE DIVERTED TO OTHER COUNTRIES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s coal exports to Japan will likely be diverted to other countries for several months after the rece ...
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- Power Finance Corporation Ltd., India
- Straits Asia Resources Limited - Singapore
- Planning Commission, India
- Salva Resources Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- SMC Global Power, Philippines
- CNBM International Corporation - China
- Trasteel International SA, Italy
- Kideco Jaya Agung - Indonesia
- CIMB Investment Bank - Malaysia
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- Formosa Plastics Group - Taiwan
- Maheswari Brothers Coal Limited - India
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- GN Power Mariveles Coal Plant, Philippines
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Independent Power Producers Association of India
- Aboitiz Power Corporation - Philippines
- Riau Bara Harum - Indonesia
- Bukit Makmur.PT - Indonesia
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- Banpu Public Company Limited - Thailand
- Economic Council, Georgia
- Central Electricity Authority - India
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Wilmar Investment Holdings
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Siam City Cement PLC, Thailand
- ASAPP Information Group - India
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- The University of Queensland
- Mintek Dendrill Indonesia
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Malabar Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
- Indo Tambangraya Megah - Indonesia
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Romanian Commodities Exchange
- PTC India Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Kepco SPC Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Madhucon Powers Ltd - India
- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- Eastern Coal Council - USA
- Medco Energi Mining Internasional
- Jaiprakash Power Ventures ltd
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- New Zealand Coal & Carbon
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- Sical Logistics Limited - India
- Marubeni Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Energy Link Ltd, New Zealand
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Vizag Seaport Private Limited - India
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
- Agrawal Coal Company - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- ICICI Bank Limited - India
- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Australian Coal Association
- Orica Mining Services - Indonesia
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
- GMR Energy Limited - India
- VISA Power Limited - India
- Bangladesh Power Developement Board
- Bhushan Steel Limited - India
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