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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 $10 million. It has annual capacity of 4 million tonnes.
Mr Chanin also said the company's Jorong mine in Indonesia would resume operations in late September after being halted since February by the government because of forest encroachment. Authorities have been working with miners to clarify new operating rules.
"Indonesian coal mines are our major revenue contributor. The [total] coal sales target has been maintained at 23 million tonnes this year," he added.
CIMB-GK Securities (Thailand) has downgraded Banpu's 2010 net profit forecast by 1.4% to 14.6 billion baht following the revision of the Daning figures.
BANPU shares closed yesterday on the SET at 620 baht, down 10 baht, in trade worth 793.3 million baht.
Source: Bangkok Post
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Saturday, 14 August 10
INDONESIAN THERMAL COAL PRICES EXPECTED TO MOVE UP IN SEPTEMBER 2010 - CHAIRMAN ICMA
COALspot.com: Indonesian Coal Mining Association is expecting, the Indonesian and international coal prices will increase, and will be reached ...
Thursday, 12 August 10
ETA STAR INDIA PUTS FORWARD COAL MINING PLAN FOR TETE, MOZAMBIQUE, IN 2011
ETA Star India Projects Pvt, which is carrying out coal prospecting and surveying work in the Moatize coal region, in Tete province, will present it ...
Thursday, 12 August 10
SUPRAS WERE FIXED IN THE MID/HIGH TEENS FOR INDO-INDIA TRIPS - FEARNBULK
Handy
Activity is gradually picking up in the Atlantic with more enquiries seen for short period tonnage for the end of August. With the grain sea ...
Thursday, 12 August 10
INDONESIAN COAL PRICE REFERENCE REACHED US$ 94.86 FOR AUGUST 2010 SUPPLIES
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Wednesday, 11 August 10
BRAZILIAN GIANT VALE LOOKING TO BOOST ITS COAL OUTPUT
BRAZILIAN mining giant Vale is not content with being the world's largest iron ore miner. The miner is banking on ambitious growth plans to see it ...
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- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- International Coal Ventures Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Electricity Generating Authority of Thailand
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Chettinad Cement Corporation Ltd - India
- Thiess Contractors Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- GMR Energy Limited - India
- Xindia Steels Limited - India
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
- Port Waratah Coal Services - Australia
- Ambuja Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- Georgia Ports Authority, United States
- Kaltim Prima Coal - Indonesia
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- Timah Investasi Mineral - Indoneisa
- Vedanta Resources Plc - India
- Eastern Coal Council - USA
- Minerals Council of Australia
- Thai Mozambique Logistica
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Marubeni Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- Anglo American - United Kingdom
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- Bukit Baiduri Energy - Indonesia
- Deloitte Consulting - India
- CNBM International Corporation - China
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Mercator Lines Limited - India
- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- TeaM Sual Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Borneo Indobara - Indonesia
- Ind-Barath Power Infra Limited - India
- Wood Mackenzie - Singapore
- Orica Australia Pty. Ltd.
- Dalmia Cement Bharat India
- The University of Queensland
- Australian Commodity Traders Exchange
- Meenaskhi Energy Private Limited - India
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Finance - Indonesia
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- Australian Coal Association
- Latin American Coal - Colombia
- Ceylon Electricity Board - Sri Lanka
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Gujarat Sidhee Cement - India
- Maharashtra Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- London Commodity Brokers - England
- Bulk Trading Sa - Switzerland
- Ministry of Mines - Canada
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- Sindya Power Generating Company Private Ltd
- Grasim Industreis Ltd - India
- Globalindo Alam Lestari - Indonesia
- Kideco Jaya Agung - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- Cigading International Bulk Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- Oldendorff Carriers - Singapore
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- Indogreen Group - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Renaissance Capital - South Africa
- India Bulls Power Limited - India
- Riau Bara Harum - Indonesia
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- Bhatia International Limited - India
- PTC India Limited - India
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- SMG Consultants - Indonesia
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Maheswari Brothers Coal Limited - India
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- Mintek Dendrill Indonesia
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GAC Shipping (India) Pvt Ltd
- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- Metalloyd Limited - United Kingdom
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- The Treasury - Australian Government
- Madhucon Powers Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Aboitiz Power Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- Central Java Power - Indonesia
- Baramulti Group, Indonesia
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- ICICI Bank Limited - India
- Bhoruka Overseas - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
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