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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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Saturday, 09 January 10
IMPORTED, LOCAL COAL TO BE MIXED IN POWER DRIVE
The government is likely to create a pool price of coal, wherein imported coal and Indian coal could be mixed, making the imported coal becomes more ...
Friday, 08 January 10
SA COAL PRICES TO SPIKE ON RESUMED INDIA BUYING
South African coal prices are set for another price surge to over $100 a ton FOB as Indian and Chinese buyers compete for limited prompt supply, pro ...
Friday, 08 January 10
COLOMBIAN COAL STARTS TO MOVE TO CHINA - TRADERS
* Producer sells cape cargo Colombian coal to China
* Firm bids in freight market
* More shipments expected
Colombian coal is starting to move ...
Thursday, 07 January 10
PT. BUKIT ASAM TO BUILD NEW COAL LOADING TERMINAL AND COAL LOADER
COALspot.com (Indonesia): PT Bukit Asam (Persero) Tbk, Indonesia’s state owned coal mining company, is planning to build an additi ...
Thursday, 07 January 10
RAMKY PLANS COAL MINING IN INDONESIA
Ramky Infrastructure Limited, a Hyderabad-based integrated infrastructure construction and development management company with strategic emphasis on ...
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Showing 6106 to 6110 news of total 6871 |
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- Essar Steel Hazira Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- LBH Netherlands Bv - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- Kapuas Tunggal Persada - Indonesia
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- Planning Commission, India
- Indika Energy - Indonesia
- Africa Commodities Group - South Africa
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Intertek Mineral Services - Indonesia
- Mintek Dendrill Indonesia
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Larsen & Toubro Limited - India
- Simpson Spence & Young - Indonesia
- Eastern Coal Council - USA
- Trasteel International SA, Italy
- San Jose City I Power Corp, Philippines
- Parliament of New Zealand
- Commonwealth Bank - Australia
- Meralco Power Generation, Philippines
- Tata Chemicals Ltd - India
- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- Marubeni Corporation - India
- GVK Power & Infra Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- Kohat Cement Company Ltd. - Pakistan
- AsiaOL BioFuels Corp., Philippines
- India Bulls Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wilmar Investment Holdings
- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- Agrawal Coal Company - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- Medco Energi Mining Internasional
- GMR Energy Limited - India
- Holcim Trading Pte Ltd - Singapore
- Standard Chartered Bank - UAE
- Sojitz Corporation - Japan
- Edison Trading Spa - Italy
- Indian Energy Exchange, India
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- Australian Coal Association
- Central Java Power - Indonesia
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- McConnell Dowell - Australia
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Heidelberg Cement - Germany
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Carbofer General Trading SA - India
- Toyota Tsusho Corporation, Japan
- Ministry of Finance - Indonesia
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Mercuria Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Romanian Commodities Exchange
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Bulk Trading Sa - Switzerland
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- Oldendorff Carriers - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- Kepco SPC Power Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Coalindo Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Sindya Power Generating Company Private Ltd
- Sical Logistics Limited - India
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- Mercator Lines Limited - India
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Green Power PLC Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- Barasentosa Lestari - Indonesia
- Ministry of Mines - Canada
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- Sakthi Sugars Limited - India
- Bhushan Steel Limited - India
- Gujarat Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- Star Paper Mills Limited - India
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Uttam Galva Steels Limited - India
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Economic Council, Georgia
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- Riau Bara Harum - Indonesia
- Latin American Coal - Colombia
- Jindal Steel & Power Ltd - India
- Siam City Cement PLC, Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Energy - Thailand
- Parry Sugars Refinery, India
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