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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 $10 million. It has annual capacity of 4 million tonnes.
Mr Chanin also said the company's Jorong mine in Indonesia would resume operations in late September after being halted since February by the government because of forest encroachment. Authorities have been working with miners to clarify new operating rules.
"Indonesian coal mines are our major revenue contributor. The [total] coal sales target has been maintained at 23 million tonnes this year," he added.
CIMB-GK Securities (Thailand) has downgraded Banpu's 2010 net profit forecast by 1.4% to 14.6 billion baht following the revision of the Daning figures.
BANPU shares closed yesterday on the SET at 620 baht, down 10 baht, in trade worth 793.3 million baht.
Source: Bangkok Post
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Saturday, 19 June 10
STRONG DEMAND, RISING PRODUCTION SETTING SCENE FOR COAL BONANZA - THE JAKARTA GLOBE
The Jakarta globe rerported that, As the nation’s coal miners enjoy burgeoning demand from energy-hungry economies such as China and India, th ...
Saturday, 19 June 10
DRY BULK MARKET DOWN ON CHINESE SLOWDOWN FEARS
Dry bulk freight rates have been on a freefall for more than two weeks now, something which has caused the industry’s benchmark, the Baltic Dr ...
Saturday, 19 June 10
COAL INDIA KEEN ON BLOCK DEVELOPMENT IN INDONESIA - THE HINDU BUSINESS LINE
Expanding horizon
Agreement by the Indonesian Government is likely to help CIL gain foothold in India's largest sourcing point of thermal coal.
...
Friday, 18 June 10
THE PANAMAX MARKET CONTINUED ITS SOFTENING TREND - FEARNBULK
Handy
Flat Atlantic markets with most markets in ´slow mode´ due to holidays in China.
Supramax vessels open in the USG are achievi ...
Thursday, 17 June 10
INDONESIAN COAL PRICE REFERENCE FOR JUNE IS US$ 97.22/TON UP 5.59 PERCENT
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has been publishing a monthly coal price reference (HBA) to be us ...
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- SN Aboitiz Power Inc, Philippines
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- Singapore Mercantile Exchange
- Intertek Mineral Services - Indonesia
- Wilmar Investment Holdings
- GMR Energy Limited - India
- Vedanta Resources Plc - India
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Economic Council, Georgia
- Barasentosa Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Bhatia International Limited - India
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- Sojitz Corporation - Japan
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- Bukit Asam (Persero) Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Rio Tinto Coal - Australia
- Star Paper Mills Limited - India
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- Savvy Resources Ltd - HongKong
- White Energy Company Limited
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Banpu Public Company Limited - Thailand
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- SMG Consultants - Indonesia
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- ASAPP Information Group - India
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- Australian Coal Association
- Sakthi Sugars Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Deloitte Consulting - India
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- Sinarmas Energy and Mining - Indonesia
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- Siam City Cement - Thailand
- Rashtriya Ispat Nigam Limited - India
- Kideco Jaya Agung - Indonesia
- Planning Commission, India
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Coal and Oil Company - UAE
- Eastern Energy - Thailand
- Mercuria Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- Marubeni Corporation - India
- Global Coal Blending Company Limited - Australia
- Tamil Nadu electricity Board
- Sree Jayajothi Cements Limited - India
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Karaikal Port Pvt Ltd - India
- Larsen & Toubro Limited - India
- Xindia Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- Indonesian Coal Mining Association
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- Bharathi Cement Corporation - India
- PNOC Exploration Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- PowerSource Philippines DevCo
- The Treasury - Australian Government
- Global Green Power PLC Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Sarangani Energy Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Independent Power Producers Association of India
- The University of Queensland
- Coalindo Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- Maharashtra Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- Cigading International Bulk Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- Meenaskhi Energy Private Limited - India
- Parliament of New Zealand
- Timah Investasi Mineral - Indoneisa
- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
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