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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, 17 December 09
THE 6TH CLEAN ENERGY FORUM - CLEAN COAL 2010
COALspot.com (China) - Press Release: The 6th Clean Energy Forum--Clean Coal 2010 January 27-29, 2010 Renaissance Tianjin Teda Hotel And Conven ...
Thursday, 17 December 09
JFE STEEL INVESTS $555 MILLION IN AUSTRALIA COAL MINE
JFE Steel Corp., Japan’s second- largest producer, will invest 50 billion yen ($555 million) in a coal mine in Queensland, Australia, includin ...
Thursday, 17 December 09
CHINA, INDIA DEMAND MAY BOOST THERMAL COAL PRICE, JPMORGAN SAYS
Demand for thermal coal from China and India may boost prices of the fuel to $80 a metric ton next year amid reduced supplies and lower inventories, ...
Thursday, 17 December 09
RBCT PROBLEMS TO CAUSE STEAM COAL PRICE SPIKE IN Q1
Bugs in the new computer system at South Africa's Richards Bay Coal Terminal and persistent rail problems will make it impossible for exporters to ...
Thursday, 17 December 09
CIL TO IMPORT 4 MILLION TONNES COAL FOR NTPC
The country's largest coal miner Coal India Ltd (CIL) will import 4 million tonnes of coal for state-run power company NTPC.
"Earlier, ther ...
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- Formosa Plastics Group - Taiwan
- Toyota Tsusho Corporation, Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
- Leighton Contractors Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- India Bulls Power Limited - India
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Global Coal Blending Company Limited - Australia
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- Riau Bara Harum - Indonesia
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Mercator Lines Limited - India
- Kepco SPC Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
- Sarangani Energy Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Salva Resources Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- Goldman Sachs - Singapore
- Kapuas Tunggal Persada - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Indian Energy Exchange, India
- Wood Mackenzie - Singapore
- Deloitte Consulting - India
- International Coal Ventures Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- Australian Coal Association
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Coalindo Energy - Indonesia
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- Romanian Commodities Exchange
- Vizag Seaport Private Limited - India
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- Semirara Mining Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- Binh Thuan Hamico - Vietnam
- Sree Jayajothi Cements Limited - India
- Karaikal Port Pvt Ltd - India
- Central Electricity Authority - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Attock Cement Pakistan Limited
- Gujarat Sidhee Cement - India
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Kaltim Prima Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Ind-Barath Power Infra Limited - India
- Agrawal Coal Company - India
- Coal and Oil Company - UAE
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- Sakthi Sugars Limited - India
- Siam City Cement PLC, Thailand
- Bayan Resources Tbk. - Indonesia
- Energy Development Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- Minerals Council of Australia
- Miang Besar Coal Terminal - Indonesia
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- The Treasury - Australian Government
- Orica Mining Services - Indonesia
- Singapore Mercantile Exchange
- Madhucon Powers Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Therma Luzon, Inc, Philippines
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Intertek Mineral Services - Indonesia
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- PTC India Limited - India
- Planning Commission, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- Mjunction Services Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Videocon Industries ltd - India
- London Commodity Brokers - England
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- SMC Global Power, Philippines
- Lanco Infratech Ltd - India
- Posco Energy - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- Altura Mining Limited, Indonesia
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- Latin American Coal - Colombia
- Bangladesh Power Developement Board
- Barasentosa Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Energy Link Ltd, New Zealand
- Petron Corporation, Philippines
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- Neyveli Lignite Corporation Ltd, - India
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