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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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Wednesday, 31 March 10
DRY BULK MARKET STILL MODERATELY FALLING, BUT POSITIVE SIGNS APPEAR ON THE HORIZON - HELLENIC SHIPPING
The irregularities of the current dry bulk market have been more than evident in the fact that panamax vessels today earn more than their larger cap ...
Wednesday, 31 March 10
INDIKA ENERGYS PROFIT HIT BY FOREX LOSS AND CABOTAGE - THE JAKARTA GLOBE
The Jakarta Globe reportd that, PT Indika Energy posted a 30 percent drop in 2009 net profit due to a foreign exchange loss and impairment of intang ...
Wednesday, 31 March 10
ITMG TO UP COAL OUTPUT DESPITE PERMIT PROBLEMS - THE JAKARTA POST
The Jakarta Post reported that, the country’s third largest coal producer PT Indo Tambang Raya Megah (ITMG) said it can raise output although ...
Tuesday, 30 March 10
ANALYST SEES BDI LIFT, SUGGESTS DRY BULK SHORT SQUEEZE
Analysts at Credit Suisse are bullish on Diana and see a potential short squeeze elsewhere in the sector. The Baltic Dry Index (BDI) -- an industry ...
Tuesday, 30 March 10
CHINA'S DROUGHT RAISES COAL PRICES, LOWERS HYDROPOWER
Bloomberg reported that, Benchmark coal prices at Qinhuangdao, China’s largest port handling the fuel, rose for the first time in 10 weeks aft ...
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- VISA Power Limited - India
- Aboitiz Power Corporation - Philippines
- Attock Cement Pakistan Limited
- Wood Mackenzie - Singapore
- Bukit Baiduri Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Samtan Co., Ltd - South Korea
- Sarangani Energy Corporation, Philippines
- Indogreen Group - Indonesia
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- SMG Consultants - Indonesia
- Romanian Commodities Exchange
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- PTC India Limited - India
- Malabar Cements Ltd - India
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- IHS Mccloskey Coal Group - USA
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Savvy Resources Ltd - HongKong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thai Mozambique Logistica
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Rio Tinto Coal - Australia
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining Corp, Philippines
- Mercuria Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- Standard Chartered Bank - UAE
- Parliament of New Zealand
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Planning Commission, India
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- Kepco SPC Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Altura Mining Limited, Indonesia
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Indika Energy - Indonesia
- Merrill Lynch Commodities Europe
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
- Gujarat Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Grasim Industreis Ltd - India
- IEA Clean Coal Centre - UK
- The Treasury - Australian Government
- Sakthi Sugars Limited - India
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- Siam City Cement - Thailand
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Renaissance Capital - South Africa
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- Petron Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Ind-Barath Power Infra Limited - India
- Ministry of Transport, Egypt
- MS Steel International - UAE
- Directorate Of Revenue Intelligence - India
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Therma Luzon, Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Mines - Canada
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- Bhatia International Limited - India
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- Economic Council, Georgia
- Pendopo Energi Batubara - Indonesia
- Globalindo Alam Lestari - Indonesia
- Carbofer General Trading SA - India
- Marubeni Corporation - India
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- CNBM International Corporation - China
- New Zealand Coal & Carbon
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Chamber of Mines of South Africa
- Kobexindo Tractors - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Coalindo Energy - Indonesia
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- Borneo Indobara - Indonesia
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Maheswari Brothers Coal Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- Cigading International Bulk Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- Jaiprakash Power Ventures ltd
- ASAPP Information Group - India
- Trasteel International SA, Italy
- Kapuas Tunggal Persada - Indonesia
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bulk Trading Sa - Switzerland
- Kohat Cement Company Ltd. - Pakistan
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- Vedanta Resources Plc - India
- Ministry of Finance - Indonesia
- The University of Queensland
- Larsen & Toubro Limited - India
- Indo Tambangraya Megah - Indonesia
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