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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, 08 February 10
BLACK RIDGE MINING APPOINTS INDEPENDENT CONSULTANT
Australian-listed Black Ridge Mining has announced the appointment of David Tuit as an independent consultant to assist with the assessment of the c ...
Monday, 08 February 10
SOUTH AFRICAN EXPORT COAL RISES FOR FIRST TIME IN FOUR WEEKS
Prices for coal shipped from South Africa’s Richards Bay, the continent’s biggest export facility for the fuel, posted their first gain ...
Monday, 08 February 10
NTPC HOPES TO START ON 500-MW PROJECT IN SRI LANKA BY FEB-END
NTPC sources told Business Standard, “All formalities from our government and NTPC have been completed.
The opinion of the Sri Lankan atto ...
Sunday, 07 February 10
AN AUSTRALIAN FIRM HAS SIGNED A $60BN DEAL TO SUPPLY COAL TO CHINESE POWER STATIONS
Clive Palmer, chairman of the company, Resourcehouse, said it was Australia's "biggest ever export contract".
Under the deal, the firm ...
Saturday, 06 February 10
FREIGHT WOULD CONTINUE TO BE SOFT NEXT WEEK - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week including the stock markets. The main reason seems to be Chinese ne ...
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- Pipit Mutiara Jaya. PT, Indonesia
- Wilmar Investment Holdings
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Ministry of Transport, Egypt
- Binh Thuan Hamico - Vietnam
- Baramulti Group, Indonesia
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Commonwealth Bank - Australia
- Chamber of Mines of South Africa
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining and Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- Central Java Power - Indonesia
- PNOC Exploration Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- Planning Commission, India
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Makarim & Taira - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- London Commodity Brokers - England
- Bahari Cakrawala Sebuku - Indonesia
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- European Bulk Services B.V. - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- Global Green Power PLC Corporation, Philippines
- Latin American Coal - Colombia
- The Treasury - Australian Government
- The University of Queensland
- Tamil Nadu electricity Board
- Bayan Resources Tbk. - Indonesia
- Interocean Group of Companies - India
- Eastern Energy - Thailand
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Miang Besar Coal Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Sakthi Sugars Limited - India
- SMC Global Power, Philippines
- Mintek Dendrill Indonesia
- Pendopo Energi Batubara - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Mjunction Services Limited - India
- Minerals Council of Australia
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- Australian Commodity Traders Exchange
- Directorate General of MIneral and Coal - Indonesia
- Grasim Industreis Ltd - India
- Independent Power Producers Association of India
- Rashtriya Ispat Nigam Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Global Coal Blending Company Limited - Australia
- Kaltim Prima Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- CNBM International Corporation - China
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- Semirara Mining Corp, Philippines
- India Bulls Power Limited - India
- Parry Sugars Refinery, India
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Heidelberg Cement - Germany
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- Larsen & Toubro Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parliament of New Zealand
- Jaiprakash Power Ventures ltd
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Coastal Gujarat Power Limited - India
- VISA Power Limited - India
- Karaikal Port Pvt Ltd - India
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- McConnell Dowell - Australia
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Oldendorff Carriers - Singapore
- Globalindo Alam Lestari - Indonesia
- Salva Resources Pvt Ltd - India
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- Anglo American - United Kingdom
- Indika Energy - Indonesia
- Mercator Lines Limited - India
- Kideco Jaya Agung - Indonesia
- Banpu Public Company Limited - Thailand
- Marubeni Corporation - India
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Sarangani Energy Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Edison Trading Spa - Italy
- Simpson Spence & Young - Indonesia
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- Aditya Birla Group - India
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
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