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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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Friday, 16 July 10
CHINA EXPORTS 10.14 MILLION TONNES OF COAL IN H1 OF 2010
China exported 10.14 million tonnes of coal in the first half of this year, down 13.1% compared with the corresponding period of last year, accordin ...
Thursday, 15 July 10
SMC TO PURSUE MINDANAO COAL MINING PROJECTS
Philippine Daily Inquirer reported that, DIVERSIFYING CONGLOMERATE San Miguel Corp. is inclined to pursue its coal mining projects in Mindanao ...
Thursday, 15 July 10
ADANI ENTERPRISES WILL BUY $1 BILLION COAL MINE FROM LINC ENERGY - TOP NEWS
Top News reported that, Adani Enterprises has almost managed to obtain a coal mine from Linc Energy for $1 billion in Queensland, Australia. This mi ...
Thursday, 15 July 10
ADANI TO DEVELOP COAL EXPORT TERMINAL IN AUSTRALIA - BUSINESS STANDARD
Business-Standard reported that, The Adani Group, promoter of Mundra Port and Special Economic Zone (MPSEZ), today said it has been selected as the ...
Thursday, 15 July 10
NO IMPROVEMENT IN THE DRY BULK MARKET - INTERMODAL
Broker’s insight
With the Baltic Dry Index today (13/7/2010) standing at 1,790 points - the lowest point since early May 2009 - ...
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- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Malabar Cements Ltd - India
- Vedanta Resources Plc - India
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- Bulk Trading Sa - Switzerland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Dalmia Cement Bharat India
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
- Mintek Dendrill Indonesia
- Straits Asia Resources Limited - Singapore
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMG Consultants - Indonesia
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- Salva Resources Pvt Ltd - India
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- SN Aboitiz Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- Sojitz Corporation - Japan
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Sindya Power Generating Company Private Ltd
- Indogreen Group - Indonesia
- Intertek Mineral Services - Indonesia
- Petron Corporation, Philippines
- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- Videocon Industries ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- Jaiprakash Power Ventures ltd
- Rio Tinto Coal - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- Bhushan Steel Limited - India
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- The University of Queensland
- Parliament of New Zealand
- India Bulls Power Limited - India
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Formosa Plastics Group - Taiwan
- Altura Mining Limited, Indonesia
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sinarmas Energy and Mining - Indonesia
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Meralco Power Generation, Philippines
- Antam Resourcindo - Indonesia
- Coal and Oil Company - UAE
- Minerals Council of Australia
- Sical Logistics Limited - India
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Ministry of Transport, Egypt
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Indonesian Coal Mining Association
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Attock Cement Pakistan Limited
- Directorate General of MIneral and Coal - Indonesia
- ASAPP Information Group - India
- Independent Power Producers Association of India
- New Zealand Coal & Carbon
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sakthi Sugars Limited - India
- Ind-Barath Power Infra Limited - India
- Bhoruka Overseas - Indonesia
- Deloitte Consulting - India
- Bhatia International Limited - India
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement - Thailand
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Aboitiz Power Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Planning Commission, India
- Tamil Nadu electricity Board
- Therma Luzon, Inc, Philippines
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- Kartika Selabumi Mining - Indonesia
- Price Waterhouse Coopers - Russia
- Lanco Infratech Ltd - India
- Mercuria Energy - Indonesia
- PTC India Limited - India
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- Borneo Indobara - Indonesia
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
- The Treasury - Australian Government
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- Mjunction Services Limited - India
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Samtan Co., Ltd - South Korea
- Indo Tambangraya Megah - Indonesia
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- Semirara Mining Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- PNOC Exploration Corporation - Philippines
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
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