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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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Monday, 30 November 09
INDIA UTILITIES MOVE TO COAL INDEX - PRICING
Indian state utilities are leading a switch to coal index-linked pricing from fixed prices to secure imports and to be visibly paying fair market pr ...
Monday, 30 November 09
RECAPITAL TO ACQUIRE BERAU COAL
Unlisted Indonesian coal producer Berau will redeem outstanding bonds before the acquisition by Recapital Advisers is completed by the end of this y ...
Friday, 27 November 09
IMPORTING LIGNITE INTO COAL RICH KOSOVO
Balkan Insight has discovered that one of Kosovo’s biggest firms is being forced to import lignite from Malaysia and Indonesia, despite estima ...
Friday, 27 November 09
SOUTH AFRICA STILL TOPS IN COAL EXPORT RANKINGS
Mining Weekly reported that, Despite significant coal-mining capacity recently discovered in the Southern African region, according to senior coal a ...
Friday, 27 November 09
BHP SEEKS VARIABLE COKING COAL PRICE IN JAPAN, NIKKEI SAYS
Bloomberg reproted that, BHP Billiton Ltd. has asked Japanese steelmakers to move to pricing of coking coal linked to spot rates rather than negotia ...
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- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- PTC India Limited - India
- Bayan Resources Tbk. - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Samtan Co., Ltd - South Korea
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement PLC, Thailand
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Aditya Birla Group - India
- Directorate Of Revenue Intelligence - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- Orica Mining Services - Indonesia
- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Trasteel International SA, Italy
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Wilmar Investment Holdings
- Economic Council, Georgia
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Videocon Industries ltd - India
- Essar Steel Hazira Ltd - India
- Mintek Dendrill Indonesia
- TeaM Sual Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Banpu Public Company Limited - Thailand
- Bharathi Cement Corporation - India
- Agrawal Coal Company - India
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- IEA Clean Coal Centre - UK
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- Parliament of New Zealand
- Port Waratah Coal Services - Australia
- Independent Power Producers Association of India
- Eastern Energy - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Jaiprakash Power Ventures ltd
- Sical Logistics Limited - India
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Thai Mozambique Logistica
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- The Treasury - Australian Government
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Riau Bara Harum - Indonesia
- Marubeni Corporation - India
- SMC Global Power, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- Kalimantan Lumbung Energi - Indonesia
- Globalindo Alam Lestari - Indonesia
- Edison Trading Spa - Italy
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- VISA Power Limited - India
- Tata Chemicals Ltd - India
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- Coalindo Energy - Indonesia
- Sojitz Corporation - Japan
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Georgia Ports Authority, United States
- Ministry of Finance - Indonesia
- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- Timah Investasi Mineral - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- Intertek Mineral Services - Indonesia
- Bangladesh Power Developement Board
- Anglo American - United Kingdom
- Gujarat Sidhee Cement - India
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Sinarmas Energy and Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Thiess Contractors Indonesia
- Indonesian Coal Mining Association
- Simpson Spence & Young - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- GVK Power & Infra Limited - India
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- The University of Queensland
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Chettinad Cement Corporation Ltd - India
- New Zealand Coal & Carbon
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- Jorong Barutama Greston.PT - Indonesia
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- Petron Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Indika Energy - Indonesia
- CNBM International Corporation - China
- GN Power Mariveles Coal Plant, Philippines
- Renaissance Capital - South Africa
- Ambuja Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Central Electricity Authority - India
- Indo Tambangraya Megah - Indonesia
- Rio Tinto Coal - Australia
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Global Coal Blending Company Limited - Australia
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- CIMB Investment Bank - Malaysia
- Bhushan Steel Limited - India
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Deloitte Consulting - India
- Star Paper Mills Limited - India
- Kideco Jaya Agung - Indonesia
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Carbofer General Trading SA - India
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
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