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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 $10 million. It has annual capacity of 4 million tonnes.
Mr Chanin also said the company's Jorong mine in Indonesia would resume operations in late September after being halted since February by the government because of forest encroachment. Authorities have been working with miners to clarify new operating rules.
"Indonesian coal mines are our major revenue contributor. The [total] coal sales target has been maintained at 23 million tonnes this year," he added.
CIMB-GK Securities (Thailand) has downgraded Banpu's 2010 net profit forecast by 1.4% to 14.6 billion baht following the revision of the Daning figures.
BANPU shares closed yesterday on the SET at 620 baht, down 10 baht, in trade worth 793.3 million baht.
Source: Bangkok Post
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Thursday, 09 December 10
INDONESIAN COAL PRICE REFERENCE REACHED US$ 103.41 PMT FOR DECEMBER DELIVERY
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Thursday, 09 December 10
DRY BULK MARKET LOOKING FOR DIRECTION THIS WEEK, AS CAPESIZE SHIPS END THEIR MISFORTUNES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk has began the week on a positive note capitalizing on the positive sentiment which finally prevailed during the last days of the previo ...
Monday, 06 December 10
NTPC MAY OPT FOR INDONESIA OVER AFRICA, OZ FOR COAL MINES
Country's largest power producer NTPC, which is scouting for coal properties abroad to fuel its power plants back home, may zero in on Indonesia fo ...
Saturday, 04 December 10
INDONESIA TO INDIA AND CHINA SEA FREIGHT UP BY ABOUT US$ 2.50 PMT - CAPT. REDDY
COALspot.com - The freight market even though remained weak, but towards end of the week the market seemed to firm up.
The BDI was almost at sam ...
Saturday, 04 December 10
OFF WEST COAST OF INDIA TONNAGE IS SEEMINGLY QUITE SPARSE - FEARNBULK
Handy
The Atlantic markets are weak and remained unusually calm after the Thanksgiving ...
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- Iligan Light & Power Inc, Philippines
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- Cement Manufacturers Association - India
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- Meralco Power Generation, Philippines
- Madhucon Powers Ltd - India
- Planning Commission, India
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
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- Global Green Power PLC Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- SMC Global Power, Philippines
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- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
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- CIMB Investment Bank - Malaysia
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- McConnell Dowell - Australia
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- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Wood Mackenzie - Singapore
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- Billiton Holdings Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Romanian Commodities Exchange
- New Zealand Coal & Carbon
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- Alfred C Toepfer International GmbH - Germany
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- Global Business Power Corporation, Philippines
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- Edison Trading Spa - Italy
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- Orica Australia Pty. Ltd.
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- Posco Energy - South Korea
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- London Commodity Brokers - England
- Heidelberg Cement - Germany
- Indogreen Group - Indonesia
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Minerals Council of Australia
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Ambuja Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
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- Siam City Cement PLC, Thailand
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- Vijayanagar Sugar Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- LBH Netherlands Bv - Netherlands
- Savvy Resources Ltd - HongKong
- Baramulti Group, Indonesia
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Kideco Jaya Agung - Indonesia
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
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- Indonesian Coal Mining Association
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- International Coal Ventures Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
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- Kumho Petrochemical, South Korea
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- Merrill Lynch Commodities Europe
- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
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- Indian Oil Corporation Limited
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- Tamil Nadu electricity Board
- Ceylon Electricity Board - Sri Lanka
- Interocean Group of Companies - India
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- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- Thiess Contractors Indonesia
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- Wilmar Investment Holdings
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- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
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- Sinarmas Energy and Mining - Indonesia
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- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- Straits Asia Resources Limited - Singapore
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Independent Power Producers Association of India
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- White Energy Company Limited
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- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
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- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Trasteel International SA, Italy
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Karbindo Abesyapradhi - Indoneisa
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Makarim & Taira - Indonesia
- Mjunction Services Limited - India
- Maheswari Brothers Coal Limited - India
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- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
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