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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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Saturday, 24 October 09
ADANI, MMTC IN RACE TO SUPPLY COAL TO GSECL
Business-Standard reported that, as many as five companies are in fray to supply 15 lakh (1.5 million) metric tonnes of non-coking steam (ther ...
Saturday, 24 October 09
INDONESIA STATE POWER FIRM PLANS TO DELAY COAL SUPPLIES
Indonesia's state-controlled electricity company is negotiating with two coal producing firms to delay plans to supply coal to a power plant in Wes ...
Friday, 23 October 09
MONGOLIA LISTS 8 POTENTIAL BIDDERS FOR COAL PROJECT
Reuters reported that, Mongolia has shortlisted eight potential partners for its huge Tavan Tolgoi coking coal project, according to Temuulen Ganzor ...
Friday, 23 October 09
2010 WILL BE 'BRIDGE YEAR' FOR COAL - CONSOL CHIEF
Mining Weekly reported that, After a difficult 2009, 2010 will likely be a “bridge” year for the US coal industry, followed by improved ...
Friday, 23 October 09
INDIAN GROUP INTERESTED IN MOZAMBICAN COAL
Mining Weekly reported that, India’s leading steelmaker, the Steel Authority of India Limited (Sail), has confirmed that it is seeking to acqu ...
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- Tata Chemicals Ltd - India
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Aditya Birla Group - India
- PTC India Limited - India
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- Manunggal Multi Energi - Indonesia
- Grasim Industreis Ltd - India
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Parry Sugars Refinery, India
- Borneo Indobara - Indonesia
- Energy Development Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Indonesian Coal Mining Association
- Kartika Selabumi Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- Karaikal Port Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Link Ltd, New Zealand
- OPG Power Generation Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- International Coal Ventures Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- Wood Mackenzie - Singapore
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Sree Jayajothi Cements Limited - India
- Goldman Sachs - Singapore
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- ICICI Bank Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Kobexindo Tractors - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CIMB Investment Bank - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Orica Australia Pty. Ltd.
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mintek Dendrill Indonesia
- Standard Chartered Bank - UAE
- MS Steel International - UAE
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bangladesh Power Developement Board
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- Trasteel International SA, Italy
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- Rio Tinto Coal - Australia
- Eastern Coal Council - USA
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- Jindal Steel & Power Ltd - India
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Electricity Authority, New Zealand
- Marubeni Corporation - India
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- Romanian Commodities Exchange
- Anglo American - United Kingdom
- Petron Corporation, Philippines
- White Energy Company Limited
- Mjunction Services Limited - India
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- LBH Netherlands Bv - Netherlands
- Central Java Power - Indonesia
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- Thiess Contractors Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Formosa Plastics Group - Taiwan
- Georgia Ports Authority, United States
- Cement Manufacturers Association - India
- Billiton Holdings Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Binh Thuan Hamico - Vietnam
- Central Electricity Authority - India
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- Semirara Mining Corp, Philippines
- Latin American Coal - Colombia
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Medco Energi Mining Internasional
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- Sinarmas Energy and Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- Miang Besar Coal Terminal - Indonesia
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- Economic Council, Georgia
- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Videocon Industries ltd - India
- Metalloyd Limited - United Kingdom
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- Planning Commission, India
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
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