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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, 07 January 10
INDONESIAS COAL OUTPUT MAY RISE TO 309 MILLION TONS IN 2014 - BLOOMBERG
Indonesia’s coal production may rise to 309 million tons by 2014 from an estimated 250 million tons this year, Bambang Setiawan, director-gene ...
Wednesday, 06 January 10
RICHARDS BAY SAYS 46% OF COAL EXPORTS WENT TO EUROPE
Richards Bay Coal Terminal, through which almost all of South Africa’s coal exports are routed, said 46 percent of the coal it exported in 200 ...
Wednesday, 06 January 10
CHINA-AUSTRALIA INVESTMENT TIES SEEN IMPROVING IN 2010
Australia and China showed a united front in a bid to improve investment ties as they signed a $3-billion coal deal on Wednesday, following a rocky ...
Wednesday, 06 January 10
INVESTMENT IN MINING TO TOP $2.5B IN 2010
The government plans to invest US$2.5 billion in the mining sector, an official said Tuesday.
Bambang Setiawan, the director general of mineral r ...
Wednesday, 06 January 10
SAS 2009 COAL EXPORTS THROUGH RBCT FLAT AT 61MT
Exports through South Africa’s Richards Bay Coal Terminal (RBCT) remained flat in 2009, as the terminal faced “critical business challen ...
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- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- Chettinad Cement Corporation Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Anglo American - United Kingdom
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- Coastal Gujarat Power Limited - India
- Trasteel International SA, Italy
- Carbofer General Trading SA - India
- Indika Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thiess Contractors Indonesia
- Essar Steel Hazira Ltd - India
- Cigading International Bulk Terminal - Indonesia
- London Commodity Brokers - England
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Globalindo Alam Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Central Electricity Authority - India
- Larsen & Toubro Limited - India
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Borneo Indobara - Indonesia
- White Energy Company Limited
- MS Steel International - UAE
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
- Kartika Selabumi Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- CNBM International Corporation - China
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Directorate Of Revenue Intelligence - India
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Goldman Sachs - Singapore
- Bukit Baiduri Energy - Indonesia
- Mercuria Energy - Indonesia
- Intertek Mineral Services - Indonesia
- Xindia Steels Limited - India
- Ministry of Transport, Egypt
- Gujarat Sidhee Cement - India
- Videocon Industries ltd - India
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Planning Commission, India
- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Deloitte Consulting - India
- Power Finance Corporation Ltd., India
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- Wood Mackenzie - Singapore
- PTC India Limited - India
- Bayan Resources Tbk. - Indonesia
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- Mjunction Services Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- Ministry of Mines - Canada
- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- ICICI Bank Limited - India
- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- Minerals Council of Australia
- Baramulti Group, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Formosa Plastics Group - Taiwan
- Oldendorff Carriers - Singapore
- Bhatia International Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Toyota Tsusho Corporation, Japan
- Indo Tambangraya Megah - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Global Business Power Corporation, Philippines
- The Treasury - Australian Government
- Asmin Koalindo Tuhup - Indonesia
- GAC Shipping (India) Pvt Ltd
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- Lanco Infratech Ltd - India
- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- VISA Power Limited - India
- Agrawal Coal Company - India
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Dalmia Cement Bharat India
- Kalimantan Lumbung Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- The University of Queensland
- Vizag Seaport Private Limited - India
- Grasim Industreis Ltd - India
- SN Aboitiz Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Sojitz Corporation - Japan
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- SMG Consultants - Indonesia
- Africa Commodities Group - South Africa
- Aditya Birla Group - India
- Madhucon Powers Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Central Java Power - Indonesia
- Mintek Dendrill Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- Therma Luzon, Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Parliament of New Zealand
- Miang Besar Coal Terminal - Indonesia
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