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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, 08 April 10
NAPOCOR GETS ONE OFFER AT COAL TENDER - ABS CBN
ABS- CBN News reported that, Philippine power producer National Power Corp. (Napocor) is likely to buy 50,000 tons of steam coal from PT Berau Coal ...
Wednesday, 07 April 10
DRY BULK MARKET LOOKING FOR DIRECTION
The dry bulk market has kept a low profile during the past week, as evidenced by the small changes of a usually rather turbulent Baltic Dry Index (B ...
Tuesday, 06 April 10
NEWCASTLE COAL EXPORTS RISE 24%, SHIP QUEUE SHORTENS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in power st ...
Tuesday, 06 April 10
UAE STEEL TRADERS FEAR LOSSES ON GLOBAL HIKE
A sudden spurt in the price of iron ore in the international market has caught local steel traders and manufacturers and a host of other steel-depen ...
Tuesday, 06 April 10
ASIAN INVESTORS EYE NIGERIA MARITIME INDUSTRY
Investors from the Asian region are considering investing in the Nigerian maritime sector, which has huge opportunities and potential. One of such p ...
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- New Zealand Coal & Carbon
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- SMC Global Power, Philippines
- Sical Logistics Limited - India
- Mercuria Energy - Indonesia
- Agrawal Coal Company - India
- IHS Mccloskey Coal Group - USA
- Essar Steel Hazira Ltd - India
- Marubeni Corporation - India
- MS Steel International - UAE
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- Therma Luzon, Inc, Philippines
- Interocean Group of Companies - India
- Coal and Oil Company - UAE
- Economic Council, Georgia
- Pendopo Energi Batubara - Indonesia
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- McConnell Dowell - Australia
- Simpson Spence & Young - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- Indian Oil Corporation Limited
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Samtan Co., Ltd - South Korea
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- PowerSource Philippines DevCo
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- Binh Thuan Hamico - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- Orica Australia Pty. Ltd.
- The University of Queensland
- Ministry of Transport, Egypt
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Indika Energy - Indonesia
- Bhushan Steel Limited - India
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Coastal Gujarat Power Limited - India
- Bukit Makmur.PT - Indonesia
- Trasteel International SA, Italy
- White Energy Company Limited
- Heidelberg Cement - Germany
- Global Business Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Power Finance Corporation Ltd., India
- Straits Asia Resources Limited - Singapore
- Semirara Mining Corp, Philippines
- The State Trading Corporation of India Ltd
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Energy Link Ltd, New Zealand
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- ASAPP Information Group - India
- Wilmar Investment Holdings
- Antam Resourcindo - Indonesia
- Sree Jayajothi Cements Limited - India
- Ind-Barath Power Infra Limited - India
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- GVK Power & Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Aditya Birla Group - India
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- Riau Bara Harum - Indonesia
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- LBH Netherlands Bv - Netherlands
- Posco Energy - South Korea
- Medco Energi Mining Internasional
- Jindal Steel & Power Ltd - India
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Petron Corporation, Philippines
- IEA Clean Coal Centre - UK
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Orica Mining Services - Indonesia
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- SMG Consultants - Indonesia
- PNOC Exploration Corporation - Philippines
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- Toyota Tsusho Corporation, Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- Minerals Council of Australia
- Meenaskhi Energy Private Limited - India
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