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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, 04 November 09
BINANI HOPES TO BUY INDONESIAN COAL MINE IN 2-3 MONTHS
"We are still negotiating, but hope to conclude the deal in the next two to three months," Binani Cement Managing Director Vinod Juneja to ...
Tuesday, 03 November 09
CHINA TO BE NET COAL IMPORTER IN 2009
China is accelerating its importation of coal to cope with fallen output caused by the consolidation of small coalmines, and is likely to become a n ...
Monday, 02 November 09
RIO TINTO WARNS ON CHEAP MONGOLIAN COAL
The Age reported that, Mining giant Rio Tinto has warned that cheap coal from Mongolia as well as congestion at the Port of Newcastle in NSW could u ...
Monday, 02 November 09
ESSAR SEEKS COAL ASSETS IN SOUTH AFRICA
Paguntaka reported that, Essar Group plans to acquire coal assets in South Africa to help boost its power business in India. A senior executive of E ...
Sunday, 01 November 09
MINES REGULATION AMENDMENT BILL TO BE TABLED IN PARLIAMENT
Thaindia News reported that, A bill seeking to amend the Mines and Minerals Development Regulation Act, 1957, will be introduced in the winter sessi ...
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- Australian Commodity Traders Exchange
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Energy Development Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Kalimantan Lumbung Energi - Indonesia
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- Aboitiz Power Corporation - Philippines
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- Planning Commission, India
- SMC Global Power, Philippines
- ASAPP Information Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- Tata Chemicals Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- Anglo American - United Kingdom
- New Zealand Coal & Carbon
- Renaissance Capital - South Africa
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Vedanta Resources Plc - India
- Uttam Galva Steels Limited - India
- Attock Cement Pakistan Limited
- Gujarat Mineral Development Corp Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sojitz Corporation - Japan
- Mjunction Services Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- SMG Consultants - Indonesia
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Minerals Council of Australia
- GVK Power & Infra Limited - India
- Ambuja Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Electricity Generating Authority of Thailand
- Kartika Selabumi Mining - Indonesia
- Eastern Energy - Thailand
- GMR Energy Limited - India
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- PowerSource Philippines DevCo
- Semirara Mining and Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- TeaM Sual Corporation - Philippines
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- The Treasury - Australian Government
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- Indian Oil Corporation Limited
- Merrill Lynch Commodities Europe
- Malabar Cements Ltd - India
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- Economic Council, Georgia
- Billiton Holdings Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- Latin American Coal - Colombia
- Jaiprakash Power Ventures ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- White Energy Company Limited
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhushan Steel Limited - India
- Holcim Trading Pte Ltd - Singapore
- Indogreen Group - Indonesia
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- Sree Jayajothi Cements Limited - India
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Mintek Dendrill Indonesia
- VISA Power Limited - India
- Xindia Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- Deloitte Consulting - India
- Kapuas Tunggal Persada - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- Karbindo Abesyapradhi - Indoneisa
- Bhatia International Limited - India
- Altura Mining Limited, Indonesia
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
- Sical Logistics Limited - India
- Aditya Birla Group - India
- Manunggal Multi Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- Sakthi Sugars Limited - India
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- Sinarmas Energy and Mining - Indonesia
- Australian Coal Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Ministry of Finance - Indonesia
- Global Green Power PLC Corporation, Philippines
- ICICI Bank Limited - India
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
- Kideco Jaya Agung - Indonesia
- Wilmar Investment Holdings
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
- Ministry of Transport, Egypt
- CNBM International Corporation - China
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Global Business Power Corporation, Philippines
- Cement Manufacturers Association - India
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- Rio Tinto Coal - Australia
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
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