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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 $10 million. It has annual capacity of 4 million tonnes.
Mr Chanin also said the company's Jorong mine in Indonesia would resume operations in late September after being halted since February by the government because of forest encroachment. Authorities have been working with miners to clarify new operating rules.
"Indonesian coal mines are our major revenue contributor. The [total] coal sales target has been maintained at 23 million tonnes this year," he added.
CIMB-GK Securities (Thailand) has downgraded Banpu's 2010 net profit forecast by 1.4% to 14.6 billion baht following the revision of the Daning figures.
BANPU shares closed yesterday on the SET at 620 baht, down 10 baht, in trade worth 793.3 million baht.
Source: Bangkok Post
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Monday, 15 February 10
INDONESIA IN TALKS TO RESOLVE BANPU MINE CLOSURE
Indonesia is seeking to resolve a land permiting problem resulting in the closure of a coal mine in Kalimantan operated by a unit of Thailand's top ...
Monday, 15 February 10
PVT ENTRY IN COAL MINING TO BE DELAYED
Entry of private players in coal mining will be delayed. Contrary to expectations, the coal ministry will not move in the Budget session a bill that ...
Sunday, 14 February 10
NEWCASTLE STEAM COAL TRADES AT US$ 91 TO US$ 92
Reuters reported that prompt cargo prices for coal delivered into Europe were largely unchanged recently after a day of subdued trading.
European ...
Saturday, 13 February 10
THE FREIGHT MARKET CONTINUED TO BE WEAK THIS WEEK - CAPT. REDDY
COALspot.com (Singapore): The freight market continued to be weak this week. There have been quite a few spot vessels open Far east and have been fo ...
Saturday, 13 February 10
INDONESIA ISSUES NEW MINING REGULATIONS
Indonesia has issued two new regulations under its mining law to allow firms to start obtaining mining permits, in a move that should increase certa ...
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- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Grasim Industreis Ltd - India
- IEA Clean Coal Centre - UK
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- Renaissance Capital - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vizag Seaport Private Limited - India
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
- McConnell Dowell - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Trasteel International SA, Italy
- Mjunction Services Limited - India
- Bhatia International Limited - India
- The University of Queensland
- Sree Jayajothi Cements Limited - India
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- Indian Energy Exchange, India
- Siam City Cement - Thailand
- Siam City Cement PLC, Thailand
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- Globalindo Alam Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Aditya Birla Group - India
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Economic Council, Georgia
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Bhushan Steel Limited - India
- GVK Power & Infra Limited - India
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- Medco Energi Mining Internasional
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Africa Commodities Group - South Africa
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Aboitiz Power Corporation - Philippines
- Electricity Generating Authority of Thailand
- TeaM Sual Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- SMC Global Power, Philippines
- Therma Luzon, Inc, Philippines
- Mercator Lines Limited - India
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- Indika Energy - Indonesia
- Edison Trading Spa - Italy
- Bayan Resources Tbk. - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Mercuria Energy - Indonesia
- Merrill Lynch Commodities Europe
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Ceylon Electricity Board - Sri Lanka
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Iligan Light & Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- Oldendorff Carriers - Singapore
- Vedanta Resources Plc - India
- Jorong Barutama Greston.PT - Indonesia
- Antam Resourcindo - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- White Energy Company Limited
- Central Electricity Authority - India
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- South Luzon Thermal Energy Corporation
- MS Steel International - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Planning Commission, India
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- Coalindo Energy - Indonesia
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- Power Finance Corporation Ltd., India
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