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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, 26 February 10
BANPU PROFITS SURGE BY 54% TO RECORD B14BN ON BRISK SALES
Banpu Plc, Asean's largest coal miner, said its earnings surged to a record high of 14.23 billion baht last year, an increase of 54% on the previou ...
Thursday, 25 February 10
INDO / INDIA COAL TRIPS SUPRAS CAN ACHIEVE AROUND MID 10S - FEARNLEYS AS
Handy
The BSI regained positive momentum exactly a week ago and the Atlantic rema ...
Thursday, 25 February 10
STEEP RISE IN COAL IMPORTS REQUIRED TO POWER INDIA - MONEYLIFE
The power ministry has estimated coal imports of 48 million tonnes in FY10-11, sharply higher than the expected imports of 28mt in the current fisca ...
Wednesday, 24 February 10
CHINA IMPORTED 8.81 MLN TONS OF INDONESIAN COAL IN JANUARY 2010
COALspot.com: Indonesia, the world largest coal exporter, exported 24.38 million tons of coal last month, compared with 27.46 million tons in a ...
Tuesday, 23 February 10
TRENDS..... DRY BULK MARKET .... TRENDS
The dry bulk market was pulled along by the Capes this week, as fresh enquiry breathed temporary life back into the market. Short period rates also ...
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- Semirara Mining Corp, Philippines
- Cement Manufacturers Association - India
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Merrill Lynch Commodities Europe
- Karaikal Port Pvt Ltd - India
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Wood Mackenzie - Singapore
- Petron Corporation, Philippines
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Bukit Baiduri Energy - Indonesia
- Romanian Commodities Exchange
- Sindya Power Generating Company Private Ltd
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- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Minerals Council of Australia
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- Directorate General of MIneral and Coal - Indonesia
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- India Bulls Power Limited - India
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- PowerSource Philippines DevCo
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- Kalimantan Lumbung Energi - Indonesia
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- Tamil Nadu electricity Board
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- Asmin Koalindo Tuhup - Indonesia
- Bhushan Steel Limited - India
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- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- Orica Mining Services - Indonesia
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Vizag Seaport Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Indian Energy Exchange, India
- Semirara Mining and Power Corporation, Philippines
- Wilmar Investment Holdings
- Energy Link Ltd, New Zealand
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- IEA Clean Coal Centre - UK
- Price Waterhouse Coopers - Russia
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- VISA Power Limited - India
- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Uttam Galva Steels Limited - India
- Malabar Cements Ltd - India
- Latin American Coal - Colombia
- Coal and Oil Company - UAE
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
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- Economic Council, Georgia
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- SN Aboitiz Power Inc, Philippines
- Global Business Power Corporation, Philippines
- SMG Consultants - Indonesia
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- Timah Investasi Mineral - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
- Sarangani Energy Corporation, Philippines
- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Borneo Indobara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- The University of Queensland
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Independent Power Producers Association of India
- MS Steel International - UAE
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- Attock Cement Pakistan Limited
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
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- Chettinad Cement Corporation Ltd - India
- Thai Mozambique Logistica
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
- Deloitte Consulting - India
- Sakthi Sugars Limited - India
- Australian Coal Association
- Directorate Of Revenue Intelligence - India
- TNB Fuel Sdn Bhd - Malaysia
- LBH Netherlands Bv - Netherlands
- Formosa Plastics Group - Taiwan
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- Ministry of Mines - Canada
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Agrawal Coal Company - India
- Larsen & Toubro Limited - India
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- Anglo American - United Kingdom
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Planning Commission, India
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- Central Electricity Authority - India
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Iligan Light & Power Inc, Philippines
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- ICICI Bank Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- PNOC Exploration Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Bharathi Cement Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Kapuas Tunggal Persada - Indonesia
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- International Coal Ventures Pvt Ltd - India
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