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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, 18 November 10
MUNDRA PORT AWARDED BEST PRIVATE PORT - COMMODITY ONLINE / HELLENIC SHIPPING
Adani Group owned, Mundra Port has been awarded the Annual Indian Maritime Gateway Award for the Best Private Port of the Year for the third consecu ...
Wednesday, 17 November 10
DRY BULK MARKET LOOKING FOR SUPPORT IN COAL TRADES AND INDIAN IRON ORE EXPORTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Nikos Roussanoglou, Hellenic Shipping reported that, the dry bulk market is lacking support to end its 13-day slide, as evidenced by Monday’s ...
Tuesday, 16 November 10
'VALLAR PLC' TO BECOME 'BUMI PLC' POST DEAL - THE JAKARTA POST
The Jakarta Post reported that, The United Kingdom’s Vallar Plc will change its name to Bumi Plc following a cash and stock transaction with t ...
Tuesday, 16 November 10
ROTHSCHILD BUYS INDONESIAN COAL STAKES FOR $3 BILLION - BLOOMBERG
Bloomberg reported that, Nathaniel Rothschild, the only son of U.K. financier Jacob Rothschild, agreed to invest $3 billion in two Indonesian coal c ...
Sunday, 14 November 10
THE FREIGHT MARKET CONTINUED ITS DOWN FALL - VISTAAR SINGAPORE
COALspot.com: The freight market continued its down fall with BDI down by 7.29 pct and closed at 2,313 points.
All other segments were also under ...
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- Energy Link Ltd, New Zealand
- Pendopo Energi Batubara - Indonesia
- Renaissance Capital - South Africa
- Bhushan Steel Limited - India
- Coal and Oil Company - UAE
- Jorong Barutama Greston.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Krishnapatnam Port Company Ltd. - India
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- Indo Tambangraya Megah - Indonesia
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- SMC Global Power, Philippines
- Jindal Steel & Power Ltd - India
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Antam Resourcindo - Indonesia
- Banpu Public Company Limited - Thailand
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Siam City Cement - Thailand
- Parry Sugars Refinery, India
- Bukit Makmur.PT - Indonesia
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- PowerSource Philippines DevCo
- Lanco Infratech Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- VISA Power Limited - India
- Indian Oil Corporation Limited
- Petrochimia International Co. Ltd.- Taiwan
- Heidelberg Cement - Germany
- Australian Coal Association
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- Siam City Cement PLC, Thailand
- GAC Shipping (India) Pvt Ltd
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- ASAPP Information Group - India
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Australian Commodity Traders Exchange
- Therma Luzon, Inc, Philippines
- Jaiprakash Power Ventures ltd
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- Anglo American - United Kingdom
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Binh Thuan Hamico - Vietnam
- Marubeni Corporation - India
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Indian Energy Exchange, India
- Tata Chemicals Ltd - India
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Uttam Galva Steels Limited - India
- Economic Council, Georgia
- Central Java Power - Indonesia
- SN Aboitiz Power Inc, Philippines
- Ministry of Finance - Indonesia
- Eastern Coal Council - USA
- Bukit Baiduri Energy - Indonesia
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Sakthi Sugars Limited - India
- Coastal Gujarat Power Limited - India
- Interocean Group of Companies - India
- CNBM International Corporation - China
- The Treasury - Australian Government
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- Indika Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- Savvy Resources Ltd - HongKong
- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- McConnell Dowell - Australia
- Ministry of Mines - Canada
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- Globalindo Alam Lestari - Indonesia
- The University of Queensland
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- GMR Energy Limited - India
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- Agrawal Coal Company - India
- Kaltim Prima Coal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- Star Paper Mills Limited - India
- Wilmar Investment Holdings
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- Videocon Industries ltd - India
- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- Sical Logistics Limited - India
- Baramulti Group, Indonesia
- Bayan Resources Tbk. - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Central Electricity Authority - India
- Oldendorff Carriers - Singapore
- Commonwealth Bank - Australia
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- International Coal Ventures Pvt Ltd - India
- Ambuja Cements Ltd - India
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PTC India Limited - India
- IEA Clean Coal Centre - UK
- Orica Mining Services - Indonesia
- Cement Manufacturers Association - India
- Vijayanagar Sugar Pvt Ltd - India
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Bukit Asam (Persero) Tbk - Indonesia
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