We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Saturday, 07 November 09
THE STEAM COAL MOVEMENT FROM INDONESIA TO INDIA REMAINED QUITE STRONG - CAPT. REDDY
COALspot.com (Singapore): The BDI continued rising this week and was up by 290 points up by almost 9 pct and the index closed at 3,393 points.
B ...
Friday, 06 November 09
COAL INDIA ABANDONS PLAN TO BUY ASSET IN AUSTRALIA
Coal India’s efforts to acquire a mid-sized virgin thermal coal block from a private party in Australia have drawn a blank.
The effort was ...
Friday, 06 November 09
NEW ASSETS WILL INCREASE COKING AND THERMAL COAL PRODUCTION
Coal and metals processing company Coal of Africa Limited (CoAL) aims to produce 10-million tons a year of coking coal and two-million tons a year o ...
Friday, 06 November 09
NTPC TO APPOINT MERCHANT BANKER FOR S AFRICA COAL MINE
State-run power producer NTPC, which is eyeing coal mines in South Africa to meet the gap in domestic fuel supply, will appoint a merchant banker ne ...
Thursday, 05 November 09
MERCATOR LINES AIMS TO BECOME A $5 BILLION COMPANY
Mercator Lines, India’s second largest private sector shipping line, plans to invest and expand, riding India’s next wave of growth, the ...
|
|
|
Showing 6266 to 6270 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Attock Cement Pakistan Limited
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Central Java Power - Indonesia
- London Commodity Brokers - England
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Parliament of New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Malabar Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- VISA Power Limited - India
- Wood Mackenzie - Singapore
- Rashtriya Ispat Nigam Limited - India
- Wilmar Investment Holdings
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Indogreen Group - Indonesia
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- Kalimantan Lumbung Energi - Indonesia
- SMG Consultants - Indonesia
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Sical Logistics Limited - India
- Intertek Mineral Services - Indonesia
- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- India Bulls Power Limited - India
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- Anglo American - United Kingdom
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Eastern Coal Council - USA
- Tamil Nadu electricity Board
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- Bharathi Cement Corporation - India
- Miang Besar Coal Terminal - Indonesia
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- Baramulti Group, Indonesia
- Xindia Steels Limited - India
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- New Zealand Coal & Carbon
- Trasteel International SA, Italy
- Port Waratah Coal Services - Australia
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- Australian Commodity Traders Exchange
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- The University of Queensland
- Orica Australia Pty. Ltd.
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Bhushan Steel Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- Georgia Ports Authority, United States
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- Global Coal Blending Company Limited - Australia
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- Thai Mozambique Logistica
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Power Finance Corporation Ltd., India
- Krishnapatnam Port Company Ltd. - India
- Aditya Birla Group - India
- Mercuria Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Medco Energi Mining Internasional
- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Coal and Oil Company - UAE
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Indian Energy Exchange, India
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- Madhucon Powers Ltd - India
- Indonesian Coal Mining Association
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Indian Oil Corporation Limited
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- Barasentosa Lestari - Indonesia
- Rio Tinto Coal - Australia
- Borneo Indobara - Indonesia
- White Energy Company Limited
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PowerSource Philippines DevCo
- Electricity Authority, New Zealand
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- Bulk Trading Sa - Switzerland
- Sojitz Corporation - Japan
- Riau Bara Harum - Indonesia
- Formosa Plastics Group - Taiwan
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Australian Coal Association
- Aboitiz Power Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- Minerals Council of Australia
- Oldendorff Carriers - Singapore
- Banpu Public Company Limited - Thailand
- Sakthi Sugars Limited - India
- Antam Resourcindo - Indonesia
- Siam City Cement PLC, Thailand
- Mjunction Services Limited - India
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Sarangani Energy Corporation, Philippines
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Chamber of Mines of South Africa
- Central Electricity Authority - India
- Pipit Mutiara Jaya. PT, Indonesia
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
|
| |
| |
|
