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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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Thursday, 21 January 10
HANDYMAX - SHORT PERIOD OWNERS IDEAS ARE AROUND MID/LOW 20S - FEARNLEYS AS
HANDY
The BSI moved in a downward direction since last Friday reflecting minor a ...
Thursday, 21 January 10
ASF GROUP TO COMMENCE COAL SALES TO CHINA BY FEBRUARY 2010
Sydney-based China energy and resource conduit, ASF Group has struck an agreement to supply coal to China.
In September 2009, ASF announced a ven ...
Thursday, 21 January 10
INDONESIA BUKIT ASAM AGREES ON LOWER COAL PRICE
Indonesian state coal miner PT Tambang Batubara Bukit Asam Tbk has agreed with a local power plant to set 2010 coal prices at 23 percent lower than ...
Thursday, 21 January 10
CABOTAGE POLICY POSTPONED
The Transportation Ministry has decided to postpone for one year the full enforcement of the cabotage principle – a maritime term for the proh ...
Thursday, 21 January 10
MEC IN TALKS WITH TATA POWER ON COAL - TRADE
The UAE's Middle East Coal is in talks to supply coal to Tata Power, India's biggest private sector power firm, from its new Indonesian operations ...
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- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Dalmia Cement Bharat India
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Manunggal Multi Energi - Indonesia
- Cement Manufacturers Association - India
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Minerals Council of Australia
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- VISA Power Limited - India
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Finance - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- Makarim & Taira - Indonesia
- Mercuria Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- Jindal Steel & Power Ltd - India
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Electricity Generating Authority of Thailand
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Chamber of Mines of South Africa
- Larsen & Toubro Limited - India
- Iligan Light & Power Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- PTC India Limited - India
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Meralco Power Generation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- Ambuja Cements Ltd - India
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Oldendorff Carriers - Singapore
- The University of Queensland
- IEA Clean Coal Centre - UK
- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- SMG Consultants - Indonesia
- Australian Coal Association
- Bhatia International Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Wood Mackenzie - Singapore
- Pendopo Energi Batubara - Indonesia
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- Gujarat Sidhee Cement - India
- Edison Trading Spa - Italy
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Kartika Selabumi Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- Metalloyd Limited - United Kingdom
- CNBM International Corporation - China
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Riau Bara Harum - Indonesia
- Singapore Mercantile Exchange
- Therma Luzon, Inc, Philippines
- Jaiprakash Power Ventures ltd
- GN Power Mariveles Coal Plant, Philippines
- Mintek Dendrill Indonesia
- Indo Tambangraya Megah - Indonesia
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- McConnell Dowell - Australia
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- London Commodity Brokers - England
- Coastal Gujarat Power Limited - India
- Price Waterhouse Coopers - Russia
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Anglo American - United Kingdom
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- Formosa Plastics Group - Taiwan
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Merrill Lynch Commodities Europe
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Lanco Infratech Ltd - India
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Independent Power Producers Association of India
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- The Treasury - Australian Government
- ASAPP Information Group - India
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- New Zealand Coal & Carbon
- Energy Link Ltd, New Zealand
- Global Green Power PLC Corporation, Philippines
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