We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 09 March 10
STRONG REBOUND IN ALL THE DRY BULK SEGMENTS THIS WEEK
There was a strong rebound in all the dry bulk segments this week, leading to an 18% jump in the Baltic Dry Index.
The Cape and Panamax markets s ...
Tuesday, 09 March 10
L&T POWER EYEING COAL MINES IN AUS, INDONESIA
L&T Power Development Company, a part of the Larsen & Tubro Group, plans to acquire coal mines in Australia and Indonesia, a top company off ...
Tuesday, 09 March 10
BHP AGREES SHORTER-TERM COAL DEALS WITH EUROPEAN, ASIAN CUSTOMERS
Diversified miner BHP Billiton on Monday reported that it had reached sales terms for a significant portion of its hard coking coal volumes for 2010 ...
Monday, 08 March 10
KPCL TO IMPORT 0.9 MILLION TON OF 6000 GCV COAL
COALspot.com: India's Karnataka Power Corporation Ltd is seeking to import 0.9 million metric tons of 6000 kcal/kg (adb) Gross Calorific Value stea ...
Monday, 08 March 10
CHINA SHIPPING TO CARRY MORE COAL FOR SHENHUA
Hellenic Shipping News reported that, China Shipping (Group) Company will expect to ship 40 million tons of coal for Shenhua Group in 2010, Li Shaod ...
|
|
|
Showing 5951 to 5955 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- The Treasury - Australian Government
- Miang Besar Coal Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Renaissance Capital - South Africa
- MS Steel International - UAE
- Meenaskhi Energy Private Limited - India
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- Medco Energi Mining Internasional
- Jorong Barutama Greston.PT - Indonesia
- ASAPP Information Group - India
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Global Coal Blending Company Limited - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- CNBM International Corporation - China
- Interocean Group of Companies - India
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- Tata Chemicals Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- SN Aboitiz Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Merrill Lynch Commodities Europe
- Leighton Contractors Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Kaltim Prima Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Vedanta Resources Plc - India
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- PTC India Limited - India
- Indonesian Coal Mining Association
- Electricity Generating Authority of Thailand
- SMG Consultants - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Mjunction Services Limited - India
- Trasteel International SA, Italy
- Globalindo Alam Lestari - Indonesia
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Maharashtra Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- Rio Tinto Coal - Australia
- Meralco Power Generation, Philippines
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Kartika Selabumi Mining - Indonesia
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Makarim & Taira - Indonesia
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Planning Commission, India
- Price Waterhouse Coopers - Russia
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
- Dalmia Cement Bharat India
- Chettinad Cement Corporation Ltd - India
- Binh Thuan Hamico - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Baramulti Group, Indonesia
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Latin American Coal - Colombia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- GVK Power & Infra Limited - India
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Coal and Oil Company - UAE
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- PowerSource Philippines DevCo
- Jaiprakash Power Ventures ltd
- Central Java Power - Indonesia
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- GMR Energy Limited - India
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- Orica Australia Pty. Ltd.
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- Aditya Birla Group - India
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- Directorate Of Revenue Intelligence - India
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Borneo Indobara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Pendopo Energi Batubara - Indonesia
- Maheswari Brothers Coal Limited - India
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- Economic Council, Georgia
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indian Oil Corporation Limited
- Bayan Resources Tbk. - Indonesia
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- Gujarat Sidhee Cement - India
- Sakthi Sugars Limited - India
- McConnell Dowell - Australia
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- The University of Queensland
|
| |
| |
|
