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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, 15 September 10
VIETNAM TO IMPORT UP TO 15 MLN TONS COAL/YR BY 2015 - VIETNAM BUSINESS
Vietnam Business reported that, Vietnam will need to import 3 million to 15 million tons of coal a year by 2015, rising to 21 million to 40 million ...
Tuesday, 14 September 10
MID HIGH TEENS FROM WCI, AND HIGH TEENS FROM ECI TO CHINA - BRS
A fairly flat market for the dry bulk segments this week, although the Panamaxes jumped on the back of strong grain exports in the Atlantic. It ...
Tuesday, 14 September 10
HIGH CHARTERING ACTIVITY NEEDS TO KEEP UP FOR DRY BULK RATES TO REMAIN HIGH
Last week’s increase of spot chartering activity pushed dry bulk freight rates to new highs, after a less than lackluster summer. As a result, ...
Monday, 13 September 10
GLENCORE BUYS STAKE IN MINER BUMI
The Jakarta globe reported that, Switzerland-based Glencore International, the world’s largest commodities trader, has quietly acquired a $200 ...
Monday, 13 September 10
IT'S JAI INDONESIA FOR OUR POWER FIRMS
Indian power producers have been compelled to look abroad for fuel to run upcoming facilities, as domestic generation is unlikely to be able to meet ...
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Showing 5611 to 5615 news of total 6871 |
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- Indian Oil Corporation Limited
- The Treasury - Australian Government
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Borneo Indobara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Rashtriya Ispat Nigam Limited - India
- Banpu Public Company Limited - Thailand
- San Jose City I Power Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- Toyota Tsusho Corporation, Japan
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- Minerals Council of Australia
- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coastal Gujarat Power Limited - India
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- Electricity Generating Authority of Thailand
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- Gujarat Mineral Development Corp Ltd - India
- Kartika Selabumi Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- Power Finance Corporation Ltd., India
- Directorate General of MIneral and Coal - Indonesia
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Heidelberg Cement - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
- Orica Mining Services - Indonesia
- Savvy Resources Ltd - HongKong
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- TeaM Sual Corporation - Philippines
- Mercator Lines Limited - India
- Coalindo Energy - Indonesia
- Energy Development Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- Madhucon Powers Ltd - India
- India Bulls Power Limited - India
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
- CNBM International Corporation - China
- Sakthi Sugars Limited - India
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Eastern Coal Council - USA
- Kobexindo Tractors - Indoneisa
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Parliament of New Zealand
- Pendopo Energi Batubara - Indonesia
- Orica Australia Pty. Ltd.
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- SMG Consultants - Indonesia
- Antam Resourcindo - Indonesia
- Baramulti Group, Indonesia
- Chamber of Mines of South Africa
- Timah Investasi Mineral - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Tata Chemicals Ltd - India
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- The State Trading Corporation of India Ltd
- Neyveli Lignite Corporation Ltd, - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Indonesian Coal Mining Association
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Essar Steel Hazira Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- Africa Commodities Group - South Africa
- Planning Commission, India
- Economic Council, Georgia
- Kohat Cement Company Ltd. - Pakistan
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- Ministry of Finance - Indonesia
- GMR Energy Limited - India
- Sarangani Energy Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- PowerSource Philippines DevCo
- Maheswari Brothers Coal Limited - India
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
- VISA Power Limited - India
- Aditya Birla Group - India
- GN Power Mariveles Coal Plant, Philippines
- Wilmar Investment Holdings
- Intertek Mineral Services - Indonesia
- Meenaskhi Energy Private Limited - India
- Australian Coal Association
- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- Riau Bara Harum - Indonesia
- Anglo American - United Kingdom
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- Mintek Dendrill Indonesia
- Aboitiz Power Corporation - Philippines
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- Indika Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- The University of Queensland
- Samtan Co., Ltd - South Korea
- Trasteel International SA, Italy
- Standard Chartered Bank - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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