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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
PTC INDIA UNIT CHASES 2.5 MTPA INDONESIAN COAL
Reuters reported that, PTC Energy is in talks with an Indonesian firm to source 2.5 million tonnes per annum (MTPA) coal for its 350-400 MW power to ...
Thursday, 29 October 09
CHINA MAY SEEK THERMAL COAL ELSEWHERE IF AUSTRALIAN EXPORT COSTS RISE, SAYS REPORT
The Australian reported that, CHINA is likely to turn to alternative markets for thermal coal if the cost and availability of Australia's exports a ...
Thursday, 29 October 09
CURRENCIES, ASIA DEMAND TO LIFT EUROPE COAL PRICE
Supportive currency movements and strong Asian demand mean the price of coal delivered into Europe is poised to rise more than 30 percent to above $ ...
Wednesday, 28 October 09
AUSTRALIAN POWER STATION COAL PRICE TOPPED USD 73 A TONNE
Reuters reported that prices of power station coal in Australia, a benchmark for Asia, crept up for the fourth week and topped USD 73 a tonne, as a ...
Wednesday, 28 October 09
MIDDLE EAST COAL EYEING INDIAN POWER PLANTS IN EXCHANGE FOR LONG TERM COAL SUPPLY
Reuters reported that UAE's Middle East Coal is in talks to buy equity stakes in India's power plants in exchange for long term coal supply.
ME ...
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- Miang Besar Coal Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Salva Resources Pvt Ltd - India
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Bahari Cakrawala Sebuku - Indonesia
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- MS Steel International - UAE
- ASAPP Information Group - India
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
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- PowerSource Philippines DevCo
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- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Karaikal Port Pvt Ltd - India
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- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Merrill Lynch Commodities Europe
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- Gujarat Sidhee Cement - India
- Baramulti Group, Indonesia
- CNBM International Corporation - China
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- Barasentosa Lestari - Indonesia
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- Planning Commission, India
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- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- GMR Energy Limited - India
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Samtan Co., Ltd - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Maheswari Brothers Coal Limited - India
- Mercuria Energy - Indonesia
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Australian Coal Association
- Dalmia Cement Bharat India
- Maharashtra Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- The Treasury - Australian Government
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Simpson Spence & Young - Indonesia
- IHS Mccloskey Coal Group - USA
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Australian Commodity Traders Exchange
- Central Electricity Authority - India
- PTC India Limited - India
- Bharathi Cement Corporation - India
- Therma Luzon, Inc, Philippines
- Tamil Nadu electricity Board
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- Kartika Selabumi Mining - Indonesia
- Sree Jayajothi Cements Limited - India
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- Asmin Koalindo Tuhup - Indonesia
- Billiton Holdings Pty Ltd - Australia
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- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
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- Intertek Mineral Services - Indonesia
- Sakthi Sugars Limited - India
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- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- Mintek Dendrill Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Altura Mining Limited, Indonesia
- Gujarat Electricity Regulatory Commission - India
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- Straits Asia Resources Limited - Singapore
- Global Coal Blending Company Limited - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- Mjunction Services Limited - India
- India Bulls Power Limited - India
- Aditya Birla Group - India
- Eastern Coal Council - USA
- PNOC Exploration Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Carbofer General Trading SA - India
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Indian Energy Exchange, India
- Malabar Cements Ltd - India
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- Videocon Industries ltd - India
- White Energy Company Limited
- Ministry of Transport, Egypt
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- McConnell Dowell - Australia
- Edison Trading Spa - Italy
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- Energy Link Ltd, New Zealand
- Binh Thuan Hamico - Vietnam
- London Commodity Brokers - England
- Oldendorff Carriers - Singapore
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- Thai Mozambique Logistica
- Orica Mining Services - Indonesia
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
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- Georgia Ports Authority, United States
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- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
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