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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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Sunday, 28 November 10
FREIGHT MARKET SEEMS TO BE NERVOUS - VISTAAR
COALspot.com - The freight market continued to remain uncertain even though only cape index was down by 8.31 pct.
Overall the market seems to be ...
Friday, 26 November 10
INDIA WILL IMPORT 100 MLN TONS OF COAL BY 2012 - LAKSHMINARAYANA
COALspot.com – “India’s coal shortfall will reach 100 million mt by 2011-12”, said Lakshminarayana, Vice Preside ...
Friday, 26 November 10
CHINAS COAL INVENTORY STAYS HIGH FOR 22 MONTHS AT 220 MLN T, ASSOCIATION
Xinhua News Agency reported that, China’s coal inventory has stayed high and unchanged for 22 months to be around 220 million tonnes, reflecti ...
Friday, 26 November 10
DR WOLFGANG CIESLIK TO HEAD GERMAN COAL IMPORTERS ASSOCIATION
COALspot.com – (Press Release): The Management Board of the German Coal Importers Association (Verein der Kohlenimporteure e.V.) has elected D ...
Thursday, 25 November 10
ANALYSIS: COAL SECTOR: VALUE EMERGENCE - THE JAKARTA POST
Coal demand will remain firm due to a build-up of coal-fired power plants in India, China and Indonesia. As a result, we have upgraded our coal pric ...
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- Karaikal Port Pvt Ltd - India
- Siam City Cement - Thailand
- Goldman Sachs - Singapore
- Metalloyd Limited - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- GVK Power & Infra Limited - India
- ASAPP Information Group - India
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- PTC India Limited - India
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
- Lanco Infratech Ltd - India
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mintek Dendrill Indonesia
- Iligan Light & Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- The Treasury - Australian Government
- Sindya Power Generating Company Private Ltd
- Indian Oil Corporation Limited
- Marubeni Corporation - India
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- Attock Cement Pakistan Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Ministry of Transport, Egypt
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chamber of Mines of South Africa
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bangladesh Power Developement Board
- Bahari Cakrawala Sebuku - Indonesia
- PNOC Exploration Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining Corp, Philippines
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- Mjunction Services Limited - India
- Central Java Power - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Gujarat Sidhee Cement - India
- Planning Commission, India
- Oldendorff Carriers - Singapore
- Simpson Spence & Young - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- The University of Queensland
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- Bharathi Cement Corporation - India
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- Gujarat Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Pipit Mutiara Jaya. PT, Indonesia
- Directorate Of Revenue Intelligence - India
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Deloitte Consulting - India
- IHS Mccloskey Coal Group - USA
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- GMR Energy Limited - India
- Dalmia Cement Bharat India
- Banpu Public Company Limited - Thailand
- Altura Mining Limited, Indonesia
- Sakthi Sugars Limited - India
- Coastal Gujarat Power Limited - India
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- Baramulti Group, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- Global Coal Blending Company Limited - Australia
- AsiaOL BioFuels Corp., Philippines
- Minerals Council of Australia
- The State Trading Corporation of India Ltd
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Toyota Tsusho Corporation, Japan
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Agrawal Coal Company - India
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Heidelberg Cement - Germany
- Meralco Power Generation, Philippines
- Global Green Power PLC Corporation, Philippines
- Salva Resources Pvt Ltd - India
- ICICI Bank Limited - India
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Interocean Group of Companies - India
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Jaiprakash Power Ventures ltd
- Essar Steel Hazira Ltd - India
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- Borneo Indobara - Indonesia
- Anglo American - United Kingdom
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Australian Coal Association
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- Videocon Industries ltd - India
- Indonesian Coal Mining Association
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