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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, 22 December 10
PEABODY ENERGY TO SOURCE INDONESIAN COAL FROM PT SUPRA BARA ENERGI (SBE) - COAL GEOLOGY
Coal Geology reported that, Peabody Energy has entered into an agreement to source coal from PT Supra Bara Energi (SBE), which will be sold on the e ...
Wednesday, 22 December 10
INDONESIAN COAL LOAD PORT WEATHER CONDITION AND DELAYS
COALspot.com - The several leading shipping agents in Indonesia, said due to rainy season in Indonesia, loading activities in coal loading ports hav ...
Wednesday, 22 December 10
COAL INDIA CLOSE TO BUYING 15% STAKE IN AUSTRALIAN MINE - ECONOMIC TIMES
Economic Times reported that, Coal India (CIL) is close to buying a stake between 10% to 15% in an Australian mine owned by Peabody, a US company.
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Wednesday, 22 December 10
CAPESIZE FUTURES MARKET RATES ARE EXPECTED TO CONTINUE THEIR DRIFT DOWN IN 2011 - BRS
Nearly two months of weekly declines in the Baltic Capesize Index were finally halted last week with a small 1% increase Friday-to-Friday. The impro ...
Wednesday, 22 December 10
DRY BULK MARKET LOOKING FOR DIRECTION AMID HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market isn’t exhibiting a “festive” behavior, thus cheering ship owners and investors alike. Instead, the industry&rs ...
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- Parry Sugars Refinery, India
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Grasim Industreis Ltd - India
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Australian Coal Association
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- Energy Link Ltd, New Zealand
- Sojitz Corporation - Japan
- PTC India Limited - India
- Pendopo Energi Batubara - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- VISA Power Limited - India
- Orica Mining Services - Indonesia
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- TNB Fuel Sdn Bhd - Malaysia
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- Indika Energy - Indonesia
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- Wilmar Investment Holdings
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- Kobexindo Tractors - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Kideco Jaya Agung - Indonesia
- Jindal Steel & Power Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Sinarmas Energy and Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Thai Mozambique Logistica
- Rio Tinto Coal - Australia
- Deloitte Consulting - India
- Sree Jayajothi Cements Limited - India
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- SMC Global Power, Philippines
- Directorate Of Revenue Intelligence - India
- Pipit Mutiara Jaya. PT, Indonesia
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- Globalindo Alam Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Malabar Cements Ltd - India
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- Banpu Public Company Limited - Thailand
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Minerals Council of Australia
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- Chamber of Mines of South Africa
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Dalmia Cement Bharat India
- Cigading International Bulk Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- Petron Corporation, Philippines
- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Orica Australia Pty. Ltd.
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- ASAPP Information Group - India
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Chettinad Cement Corporation Ltd - India
- Medco Energi Mining Internasional
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Toyota Tsusho Corporation, Japan
- Simpson Spence & Young - Indonesia
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- Semirara Mining and Power Corporation, Philippines
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- London Commodity Brokers - England
- Georgia Ports Authority, United States
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
- Commonwealth Bank - Australia
- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- McConnell Dowell - Australia
- Merrill Lynch Commodities Europe
- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Manunggal Multi Energi - Indonesia
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Indian Oil Corporation Limited
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
- Interocean Group of Companies - India
- TeaM Sual Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- OPG Power Generation Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Renaissance Capital - South Africa
- White Energy Company Limited
- Antam Resourcindo - Indonesia
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
- Videocon Industries ltd - India
- Latin American Coal - Colombia
- Xindia Steels Limited - India
- Bangladesh Power Developement Board
- Kepco SPC Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Thiess Contractors Indonesia
- SMG Consultants - Indonesia
- Romanian Commodities Exchange
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