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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 $10 million. It has annual capacity of 4 million tonnes.
Mr Chanin also said the company's Jorong mine in Indonesia would resume operations in late September after being halted since February by the government because of forest encroachment. Authorities have been working with miners to clarify new operating rules.
"Indonesian coal mines are our major revenue contributor. The [total] coal sales target has been maintained at 23 million tonnes this year," he added.
CIMB-GK Securities (Thailand) has downgraded Banpu's 2010 net profit forecast by 1.4% to 14.6 billion baht following the revision of the Daning figures.
BANPU shares closed yesterday on the SET at 620 baht, down 10 baht, in trade worth 793.3 million baht.
Source: Bangkok Post
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Thursday, 12 November 09
FOREIGN INVESTMENT IN RUSSIAN COAL SECTOR
Reuters reported that, Russia's coal mines, particularly in the Arctic and Far East, are attracting interest from foreign investors as commodity pr ...
Thursday, 12 November 09
BANPU TO INVEST US$ 466 M
Plan targets 33.5m tonnes of coal per year
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is planning capital investments of ...
Wednesday, 11 November 09
NORTHSTAR TAKES 40 PER CENT OF INDONESIAN MINING COMPANY
AltAssets reported that, PT Northstar Pacific Partners, the Indonesian affiliate of US private equity firm TPG, has taken a 40 per cent stake in Ind ...
Wednesday, 11 November 09
INDONESIAN COAL MINERS SOLD BIG VOLUMES OF 2010 TO CHINA
* China has scooped up large volumes of Indonesian coal
* Total exports to China in 2010 seen to exceed 20 million T
* Chinese, Indian demand may ...
Wednesday, 11 November 09
INDIAN COAL IMPORT FROM SA IN OCTOBER
Reuters reported that India imported 2.4 million tonnes of coal from South Africa's Richards Bay Coal Terminal in October 2009, 35% of the total of ...
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- OPG Power Generation Pvt Ltd - India
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- Kobexindo Tractors - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
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- TNB Fuel Sdn Bhd - Malaysia
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
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- Sojitz Corporation - Japan
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- GMR Energy Limited - India
- Commonwealth Bank - Australia
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- Interocean Group of Companies - India
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- Thai Mozambique Logistica
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- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Mines - Canada
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- Maheswari Brothers Coal Limited - India
- Uttam Galva Steels Limited - India
- Indika Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
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- Karaikal Port Pvt Ltd - India
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- Parliament of New Zealand
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- Global Coal Blending Company Limited - Australia
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- The University of Queensland
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- Australian Coal Association
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- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
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- Straits Asia Resources Limited - Singapore
- Karbindo Abesyapradhi - Indoneisa
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- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Bangladesh Power Developement Board
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- Medco Energi Mining Internasional
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- Gujarat Mineral Development Corp Ltd - India
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
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- Rashtriya Ispat Nigam Limited - India
- London Commodity Brokers - England
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Offshore Bulk Terminal Pte Ltd, Singapore
- VISA Power Limited - India
- Merrill Lynch Commodities Europe
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Bulk Trading Sa - Switzerland
- Wood Mackenzie - Singapore
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Coastal Gujarat Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- CIMB Investment Bank - Malaysia
- GAC Shipping (India) Pvt Ltd
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- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
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- Anglo American - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Binh Thuan Hamico - Vietnam
- Antam Resourcindo - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Energy Link Ltd, New Zealand
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- Holcim Trading Pte Ltd - Singapore
- Baramulti Group, Indonesia
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- Minerals Council of Australia
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- PTC India Limited - India
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- Edison Trading Spa - Italy
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
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