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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 $10 million. It has annual capacity of 4 million tonnes.
Mr Chanin also said the company's Jorong mine in Indonesia would resume operations in late September after being halted since February by the government because of forest encroachment. Authorities have been working with miners to clarify new operating rules.
"Indonesian coal mines are our major revenue contributor. The [total] coal sales target has been maintained at 23 million tonnes this year," he added.
CIMB-GK Securities (Thailand) has downgraded Banpu's 2010 net profit forecast by 1.4% to 14.6 billion baht following the revision of the Daning figures.
BANPU shares closed yesterday on the SET at 620 baht, down 10 baht, in trade worth 793.3 million baht.
Source: Bangkok Post
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Monday, 25 January 10
MINING GROUPS MAY SEEK JUDICIAL REVIEW OF 2009 LAW
Indonesia’s mining associations said on Wednesday that they planned to seek a judicial review of the 2009 Mining Law this year if they are una ...
Monday, 25 January 10
INDONESIAN GOVERNMENT TO ISSUE REGULATION FOR IMPLEMENTATION OF MINERAL AND COAL MINING BUSINESS ACTIVITIES LAW NO.4 / 2009 SOON
COALspot.com (Indonesia): The government regulation concerning implementation of mineral and coal mining business activities Law no.4 / 2009 is expe ...
Monday, 25 January 10
DUQM IWPP'S COAL REQUIREMENTS PROJECTED AT 3MT PER YEAR
Oman's first coal-fired Independent Water and Power Project (IWPP) planned at Duqm is envisaged to have a feedstock requirement of around 3 million ...
Monday, 25 January 10
THE FUTURES FOR CAPE, PANAMAX AND SUPRAMAX FOR THREE YEARS (2010 - 2012) WAS AT AROUND US$ 32,000, US$ 20,000 AND US$ 17,000 PER DAY RESPECTIVELY
COALspot.com ( Singapore): The freight market remained flat this week the market slight soft.
BDI INDEX
The BDI was down by 95 points and closed ...
Saturday, 23 January 10
COAL CAMARADERIE
Union coal minister Shriprakash Jaiswal feels Asian countries should join hands in developing minerals, particularly coal.
At the third Asian Min ...
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- Ministry of Transport, Egypt
- Bhatia International Limited - India
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Indo Tambangraya Megah - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- Rashtriya Ispat Nigam Limited - India
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bharathi Cement Corporation - India
- Ambuja Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- Vedanta Resources Plc - India
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- Star Paper Mills Limited - India
- VISA Power Limited - India
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Mjunction Services Limited - India
- Altura Mining Limited, Indonesia
- Marubeni Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Aboitiz Power Corporation - Philippines
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- Indogreen Group - Indonesia
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Merrill Lynch Commodities Europe
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- Directorate Of Revenue Intelligence - India
- Minerals Council of Australia
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Anglo American - United Kingdom
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- International Coal Ventures Pvt Ltd - India
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Price Waterhouse Coopers - Russia
- Jaiprakash Power Ventures ltd
- ICICI Bank Limited - India
- Rio Tinto Coal - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- GMR Energy Limited - India
- Kumho Petrochemical, South Korea
- Tamil Nadu electricity Board
- The State Trading Corporation of India Ltd
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Sindya Power Generating Company Private Ltd
- Global Business Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Intertek Mineral Services - Indonesia
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Straits Asia Resources Limited - Singapore
- Toyota Tsusho Corporation, Japan
- Planning Commission, India
- Wood Mackenzie - Singapore
- Australian Coal Association
- PTC India Limited - India
- Central Electricity Authority - India
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- SMC Global Power, Philippines
- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- PowerSource Philippines DevCo
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement - Thailand
- Oldendorff Carriers - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- Energy Link Ltd, New Zealand
- MS Steel International - UAE
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Edison Trading Spa - Italy
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Bukit Baiduri Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- Bangladesh Power Developement Board
- Romanian Commodities Exchange
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- Mercator Lines Limited - India
- Electricity Generating Authority of Thailand
- Karaikal Port Pvt Ltd - India
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Riau Bara Harum - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- Power Finance Corporation Ltd., India
- The University of Queensland
- Vizag Seaport Private Limited - India
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Ministry of Mines - Canada
- Trasteel International SA, Italy
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