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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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Wednesday, 20 January 10
NALCO SEEKS CONSULTANT FOR $4 BILLION INDONESIAN SMELTER, PLANT
National Aluminium Co., India’s second-biggest producer of the metal, called for bids for a consultant on its proposed aluminum smelter and co ...
Wednesday, 20 January 10
NTPC PLANS TO SET UP ARM FOR ACQUIRING COAL ASSETS ABROAD
NTPC, the world’s second-largest independent power producer (IPP), plans to set up a new entity for acquiring coal assets abroad to secure fue ...
Wednesday, 20 January 10
CEMENT FIRMS TO BUY POWER PLANT COAL ASH
CEBU, Philippines - Cement companies in Cebu are interested to buy the coal ash that will be produced from the coal-fired power plant in Toledo City ...
Tuesday, 19 January 10
CHINA TO INCREASE THERMAL COAL IMPORTS - WEN
China's Premier Wen Jiabao said on Tuesday that China will appropriately increase imports of thermal coal to ease the country's power shortages.
...
Tuesday, 19 January 10
CESC TO BUY 100,000 MT OF INDONESIAN SUB BITUMINOUS COAL
COALspot.com (India): CESC, India’s one of the largest and oldest private power producer is expected to issue a closed tender any time this we ...
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- Global Business Power Corporation, Philippines
- Xindia Steels Limited - India
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- Holcim Trading Pte Ltd - Singapore
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- Kaltim Prima Coal - Indonesia
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- Asmin Koalindo Tuhup - Indonesia
- Star Paper Mills Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Indika Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Heidelberg Cement - Germany
- The University of Queensland
- Dalmia Cement Bharat India
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Posco Energy - South Korea
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- International Coal Ventures Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- Formosa Plastics Group - Taiwan
- Marubeni Corporation - India
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- Intertek Mineral Services - Indonesia
- Bangladesh Power Developement Board
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Bhushan Steel Limited - India
- Ministry of Finance - Indonesia
- Baramulti Group, Indonesia
- Aboitiz Power Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Kartika Selabumi Mining - Indonesia
- Petron Corporation, Philippines
- Indian Energy Exchange, India
- Kumho Petrochemical, South Korea
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Kalimantan Lumbung Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Semirara Mining Corp, Philippines
- Sojitz Corporation - Japan
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- The Treasury - Australian Government
- Larsen & Toubro Limited - India
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
- Australian Coal Association
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Central Electricity Authority - India
- Parliament of New Zealand
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- Deloitte Consulting - India
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- Coal and Oil Company - UAE
- Commonwealth Bank - Australia
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Miang Besar Coal Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Goldman Sachs - Singapore
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- Jindal Steel & Power Ltd - India
- Binh Thuan Hamico - Vietnam
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Georgia Ports Authority, United States
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Simpson Spence & Young - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- Metalloyd Limited - United Kingdom
- IHS Mccloskey Coal Group - USA
- Planning Commission, India
- Globalindo Alam Lestari - Indonesia
- Indian Oil Corporation Limited
- Sindya Power Generating Company Private Ltd
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- Vizag Seaport Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Link Ltd, New Zealand
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- OPG Power Generation Pvt Ltd - India
- Thiess Contractors Indonesia
- Trasteel International SA, Italy
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Australian Commodity Traders Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- Romanian Commodities Exchange
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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