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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, 01 September 10
JAKARTA TO HOST MAJOR INTERNATIONAL MINING EVENT
COALspot.com: (Press Release) In October 2010, the Indonesian Mining Association (IMA) and the Indonesian Coal Mining Association (APBI) will host t ...
Tuesday, 31 August 10
CIL MAY SET UP POWER PLANT TO UTILIZE EXCESS COAL
The Economic Times reported that, the world's largest coal producer Coal India Ltd (CIL) said it may consider setting up power plants in the countr ...
Tuesday, 31 August 10
NALCO SEEKS STAKES IN INDONESIAN COAL MINES
Economic Times reported that, National Aluminium Co. Ltd said on Tuesday it wants to buy stakes in Indonesian coal mines to secure supplies fo ...
Tuesday, 31 August 10
CAPESIZE RATES ON VOLATILE MOVEMENT
With Monday a holiday for London’s stockmarket (Bank Holiday), the dry bulk market took a breather before presenting ship owners and charterer ...
Monday, 30 August 10
MUNDRA PORT BEGINS OPERATIONS AT NEW TERMINAL IN GUJARAT
Economic Times reported that, Adani group firm Mundra Port has commenced operations at its 20-million tonnes port at Dahej in Gujarat, the company s ...
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- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- Anglo American - United Kingdom
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Vijayanagar Sugar Pvt Ltd - India
- Standard Chartered Bank - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- Pendopo Energi Batubara - Indonesia
- Minerals Council of Australia
- Economic Council, Georgia
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Savvy Resources Ltd - HongKong
- Bukit Baiduri Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
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- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Oldendorff Carriers - Singapore
- Manunggal Multi Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
- Sarangani Energy Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Timah Investasi Mineral - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Merrill Lynch Commodities Europe
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- Semirara Mining Corp, Philippines
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- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
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- Makarim & Taira - Indonesia
- Heidelberg Cement - Germany
- McConnell Dowell - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- London Commodity Brokers - England
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- Sical Logistics Limited - India
- Malabar Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- Chettinad Cement Corporation Ltd - India
- Kartika Selabumi Mining - Indonesia
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- Cement Manufacturers Association - India
- Karaikal Port Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Videocon Industries ltd - India
- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
- TNB Fuel Sdn Bhd - Malaysia
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Indika Energy - Indonesia
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- Coalindo Energy - Indonesia
- Bhushan Steel Limited - India
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Coal and Oil Company - UAE
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
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- The University of Queensland
- IHS Mccloskey Coal Group - USA
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Global Business Power Corporation, Philippines
- Planning Commission, India
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- Bhoruka Overseas - Indonesia
- Altura Mining Limited, Indonesia
- Wilmar Investment Holdings
- Georgia Ports Authority, United States
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Energy Link Ltd, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Bangladesh Power Developement Board
- Africa Commodities Group - South Africa
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Tata Chemicals Ltd - India
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- Indogreen Group - Indonesia
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- Bhatia International Limited - India
- Sinarmas Energy and Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Energy Development Corp, Philippines
- Latin American Coal - Colombia
- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- Australian Coal Association
- Electricity Generating Authority of Thailand
- Kobexindo Tractors - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Toyota Tsusho Corporation, Japan
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