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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 $10 million. It has annual capacity of 4 million tonnes.
Mr Chanin also said the company's Jorong mine in Indonesia would resume operations in late September after being halted since February by the government because of forest encroachment. Authorities have been working with miners to clarify new operating rules.
"Indonesian coal mines are our major revenue contributor. The [total] coal sales target has been maintained at 23 million tonnes this year," he added.
CIMB-GK Securities (Thailand) has downgraded Banpu's 2010 net profit forecast by 1.4% to 14.6 billion baht following the revision of the Daning figures.
BANPU shares closed yesterday on the SET at 620 baht, down 10 baht, in trade worth 793.3 million baht.
Source: Bangkok Post
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Thursday, 29 October 09
COAL OF AFRICA SEES VELE OUTPUT BY APRIL 2010
* First coal from Mooiplaats mined and sold
* Talks with Transnet on rail PPP on track
Reuters reported that, Coal of Africa (CoAL) said on Mond ...
Thursday, 29 October 09
UAE FUND EYES INDIA POWER FOR INDONESIAN COAL
Reuters reported that, the UAE's Middle East Coal (MEC) is in talks to buy equity stakes in India's power plants in exchange for long-term coal su ...
Thursday, 29 October 09
CESC POSTS RS 126 CRORE (US$ 26,655,178) NET PROFIT IN QUARTER TWO
Economic Times reported that, Energy major CESC posted a marginal increase in net profit at Rs 126 crore (US$ 26,655,178) for the quarter ended Sep ...
Thursday, 29 October 09
INDIA MMTC TENDER SET TO BOOST S.AFRICA COAL
The South African coal market is set to be boosted further by India's state-owned trading firm MMTC Ltd's tender for 12.5 million tonnes, Indian t ...
Thursday, 29 October 09
INDIA CEMENTS SET TO ACQUIRE COAL MINE IN INDONESIA
Business-Standard reported that, India Cements is set to acquire a coal mine in Indonesia for around $20 million (around Rs 100 crore). The company ...
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- Carbofer General Trading SA - India
- White Energy Company Limited
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Sidhee Cement - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- VISA Power Limited - India
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- Simpson Spence & Young - Indonesia
- Georgia Ports Authority, United States
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Marubeni Corporation - India
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Minerals Council of Australia
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Savvy Resources Ltd - HongKong
- Cement Manufacturers Association - India
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Videocon Industries ltd - India
- Tamil Nadu electricity Board
- Riau Bara Harum - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Star Paper Mills Limited - India
- Ambuja Cements Ltd - India
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Chamber of Mines of South Africa
- Kumho Petrochemical, South Korea
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- Agrawal Coal Company - India
- Kideco Jaya Agung - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Krishnapatnam Port Company Ltd. - India
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- Sojitz Corporation - Japan
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Aditya Birla Group - India
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- PowerSource Philippines DevCo
- Leighton Contractors Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Central Electricity Authority - India
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Standard Chartered Bank - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- Independent Power Producers Association of India
- India Bulls Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Renaissance Capital - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Tata Chemicals Ltd - India
- Aboitiz Power Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- Straits Asia Resources Limited - Singapore
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Anglo American - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- Heidelberg Cement - Germany
- Sindya Power Generating Company Private Ltd
- Pendopo Energi Batubara - Indonesia
- Parliament of New Zealand
- McConnell Dowell - Australia
- Economic Council, Georgia
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- South Luzon Thermal Energy Corporation
- Globalindo Alam Lestari - Indonesia
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Kobexindo Tractors - Indoneisa
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- Coalindo Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Eastern Energy - Thailand
- Essar Steel Hazira Ltd - India
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- Posco Energy - South Korea
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- Energy Link Ltd, New Zealand
- Banpu Public Company Limited - Thailand
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Therma Luzon, Inc, Philippines
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Interocean Group of Companies - India
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
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