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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, 16 December 09
INDONESIA'S FIRST PRIVATE RAILWAY TO BOOST RAK'S MINING INTERESTS
MEC infra to invest $1b in construction of 130-km transport link
A 130-kilometre railway that will ease the transport of raw materials and finish ...
Tuesday, 15 December 09
KOMIPO HAS ISSUED A NEW TENDER FOR 30000 MT OF 5200 NAR KCAL/KG COAL
COALspot.com (South Korea): South Korean state-owned utility Korea Midland Power (KOMIPO) has issued an new tender for prompt supply of 30000 M ...
Tuesday, 15 December 09
CHINA CUTS IMPORT DUTIES ON COAL, RAISES FOR OTHERS
China will lower import duties on more than 600 products next year, including coal, naphtha and phosphate ore, the Finance Ministry said on Tuesday. ...
Tuesday, 15 December 09
NTPC'S COAL WOES UNLIKELY TO END SOON
State-owned power producer NTPC’s woes over shortages of coal may not end soon. Though the company is importing 12.5 million tonnes of coal&nb ...
Monday, 14 December 09
RICHARDS BAY COAL TO FINISH EXPANSION IN 1ST QUARTER
Richards Bay Coal Terminal, which ships more than a quarter of Europe’s energy coal, said it will complete its Phase 5 expansion project in th ...
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- Salva Resources Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- GVK Power & Infra Limited - India
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- Sojitz Corporation - Japan
- Latin American Coal - Colombia
- Thai Mozambique Logistica
- Wood Mackenzie - Singapore
- Ambuja Cements Ltd - India
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IHS Mccloskey Coal Group - USA
- Eastern Coal Council - USA
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- Global Business Power Corporation, Philippines
- PTC India Limited - India
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- Semirara Mining and Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Ind-Barath Power Infra Limited - India
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- GAC Shipping (India) Pvt Ltd
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- Carbofer General Trading SA - India
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- The Treasury - Australian Government
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Marubeni Corporation - India
- San Jose City I Power Corp, Philippines
- White Energy Company Limited
- Tata Chemicals Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Romanian Commodities Exchange
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- Makarim & Taira - Indonesia
- Deloitte Consulting - India
- Leighton Contractors Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Aditya Birla Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ministry of Mines - Canada
- Mercator Lines Limited - India
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Trasteel International SA, Italy
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Petrochimia International Co. Ltd.- Taiwan
- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- Kartika Selabumi Mining - Indonesia
- ICICI Bank Limited - India
- Directorate Of Revenue Intelligence - India
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bhoruka Overseas - Indonesia
- Jaiprakash Power Ventures ltd
- Billiton Holdings Pty Ltd - Australia
- Oldendorff Carriers - Singapore
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- Antam Resourcindo - Indonesia
- MS Steel International - UAE
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- International Coal Ventures Pvt Ltd - India
- Economic Council, Georgia
- Holcim Trading Pte Ltd - Singapore
- Simpson Spence & Young - Indonesia
- Pendopo Energi Batubara - Indonesia
- Kumho Petrochemical, South Korea
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- Central Java Power - Indonesia
- Karaikal Port Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- Independent Power Producers Association of India
- Kideco Jaya Agung - Indonesia
- Siam City Cement - Thailand
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Manunggal Multi Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Georgia Ports Authority, United States
- Indika Energy - Indonesia
- Dalmia Cement Bharat India
- Renaissance Capital - South Africa
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- Energy Development Corp, Philippines
- Africa Commodities Group - South Africa
- Cement Manufacturers Association - India
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- Bhatia International Limited - India
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- Parry Sugars Refinery, India
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- ASAPP Information Group - India
- Orica Australia Pty. Ltd.
- India Bulls Power Limited - India
- Formosa Plastics Group - Taiwan
- Miang Besar Coal Terminal - Indonesia
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Barasentosa Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Borneo Indobara - Indonesia
- Indogreen Group - Indonesia
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- LBH Netherlands Bv - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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