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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, 29 July 10
BALTIC INDEXES ARE POSITIVE SINCE A FEW DAYS
Handy
Baltic indexes are positive since a few days which could mean that markets have bottomed out (as we correctly predicted in our report of las ...
Wednesday, 28 July 10
INDONESIA'S MERUKH SECURES US$200 MLN INVESTMENT FROM SAN MIGUEL
Trading Market Reported that, Indonesian mining company Merukh Enterprises said it has secured an investment commitment of US$200 million from the P ...
Wednesday, 28 July 10
RIZAL RISJAD MAY OWN 10% BERAU ENERGY
Rizal Risjad, son of Indonesian tycoon Ibrahim Risjad, might own 10% stakes in PT Berau Coal Energy Tbk (BRAU), parent company of Indonesia's fifth ...
Wednesday, 28 July 10
UNUSUAL RAINS TO HIT COAL EXPORTS
COALspot.com: Heavy rains in South and East Kalimantan have compelled coal exporters to delay or cancel coal exports. PT Bayan and PT. TIA hav ...
Tuesday, 27 July 10
INDIA HAS IMPORTED 1.5 MILLION TONS OF COAL LAST WEEK
COALspot.com: Coal imports in Indian ports have reached over 1.5 million tons for the week ended 25 July 2010. According to port agents, aroun ...
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- Siam City Cement - Thailand
- Ministry of Mines - Canada
- CNBM International Corporation - China
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- Salva Resources Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Tamil Nadu electricity Board
- Tata Chemicals Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- White Energy Company Limited
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Leighton Contractors Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indian Energy Exchange, India
- PowerSource Philippines DevCo
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- McConnell Dowell - Australia
- Electricity Generating Authority of Thailand
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Global Business Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Energy Development Corp, Philippines
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- Carbofer General Trading SA - India
- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Mjunction Services Limited - India
- Xindia Steels Limited - India
- Meenaskhi Energy Private Limited - India
- Interocean Group of Companies - India
- India Bulls Power Limited - India
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- GN Power Mariveles Coal Plant, Philippines
- Bangladesh Power Developement Board
- Vedanta Resources Plc - India
- GMR Energy Limited - India
- Economic Council, Georgia
- Global Coal Blending Company Limited - Australia
- IHS Mccloskey Coal Group - USA
- Sindya Power Generating Company Private Ltd
- Central Electricity Authority - India
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- PTC India Limited - India
- Attock Cement Pakistan Limited
- Meralco Power Generation, Philippines
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- Planning Commission, India
- Indogreen Group - Indonesia
- Parliament of New Zealand
- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Kobexindo Tractors - Indoneisa
- Ind-Barath Power Infra Limited - India
- Australian Coal Association
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- Ambuja Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Riau Bara Harum - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Global Green Power PLC Corporation, Philippines
- Deloitte Consulting - India
- SN Aboitiz Power Inc, Philippines
- Mintek Dendrill Indonesia
- Miang Besar Coal Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- Bukit Asam (Persero) Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Wilmar Investment Holdings
- Goldman Sachs - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- Toyota Tsusho Corporation, Japan
- Romanian Commodities Exchange
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- Ceylon Electricity Board - Sri Lanka
- Agrawal Coal Company - India
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
- Maheswari Brothers Coal Limited - India
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- London Commodity Brokers - England
- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- ICICI Bank Limited - India
- Minerals Council of Australia
- The University of Queensland
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Marubeni Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- SMC Global Power, Philippines
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- Singapore Mercantile Exchange
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