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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, 07 October 09
COAL INDIA, SHIPPING CORP MAY FORM VENTURE TO IMPORT COAL
The venture may be on the lines of the firm that CIL plans with SAIL for coal imports in which both to hold 25%
Live Mint reported that, State-ru ...
Tuesday, 06 October 09
ASIA COAL-PRICE REBOUND TOWARDS $71 ON TENDER ACTIVITY
Reuters reported that, Prices of power-station coal in Australia, a benchmark for Asia, rose 4 percent in the latest week to near $71 a tonne, bolst ...
Tuesday, 06 October 09
BHARATHI CEMENT TO ADD 2.5 MT CAPACITY BY 2010
Business-Standard reported that, Bharathi Cement Corporation (BCC) commenced its commercial operations from its Nallalingayapalli manufacturing plan ...
Tuesday, 06 October 09
MOZAMBIQUE TO BUILD COAL RAILWAY
BBC reported that, Mozambique's government has announced that it has secured $500m (£313m) to build a new railway line. The transport ministe ...
Tuesday, 06 October 09
COAL INDIA AIMS TO BUY MINE ABROAD BY MARCH
*Coal India to issue its first coal import tender by Nov
*ArcelorMittal, 9 others in race to develop abandoned mines
*52 firms keen to partner coa ...
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- Kepco SPC Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- Parry Sugars Refinery, India
- Mercator Lines Limited - India
- Antam Resourcindo - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Agrawal Coal Company - India
- Gujarat Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Kaltim Prima Coal - Indonesia
- Orica Australia Pty. Ltd.
- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Neyveli Lignite Corporation Ltd, - India
- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- Latin American Coal - Colombia
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Heidelberg Cement - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- Indika Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- Eastern Energy - Thailand
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement - Thailand
- Global Coal Blending Company Limited - Australia
- VISA Power Limited - India
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- Romanian Commodities Exchange
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- Commonwealth Bank - Australia
- Petron Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Merrill Lynch Commodities Europe
- Simpson Spence & Young - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kalimantan Lumbung Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Planning Commission, India
- GMR Energy Limited - India
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Iligan Light & Power Inc, Philippines
- Star Paper Mills Limited - India
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Malabar Cements Ltd - India
- Ind-Barath Power Infra Limited - India
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coal and Oil Company - UAE
- Salva Resources Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Aditya Birla Group - India
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- European Bulk Services B.V. - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Madhucon Powers Ltd - India
- London Commodity Brokers - England
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- Central Electricity Authority - India
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Orica Mining Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- New Zealand Coal & Carbon
- Siam City Cement PLC, Thailand
- ICICI Bank Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- Standard Chartered Bank - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ASAPP Information Group - India
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- The University of Queensland
- IEA Clean Coal Centre - UK
- Formosa Plastics Group - Taiwan
- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- Maheswari Brothers Coal Limited - India
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- Thiess Contractors Indonesia
- Krishnapatnam Port Company Ltd. - India
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Interocean Group of Companies - India
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- San Jose City I Power Corp, Philippines
- Savvy Resources Ltd - HongKong
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- Videocon Industries ltd - India
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- TeaM Sual Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Bhushan Steel Limited - India
- Bukit Baiduri Energy - Indonesia
- Eastern Coal Council - USA
- South Luzon Thermal Energy Corporation
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- Asmin Koalindo Tuhup - Indonesia
- Sindya Power Generating Company Private Ltd
- Bhoruka Overseas - Indonesia
- Africa Commodities Group - South Africa
- SN Aboitiz Power Inc, Philippines
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Power Finance Corporation Ltd., India
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- Vedanta Resources Plc - India
- Oldendorff Carriers - Singapore
- Jaiprakash Power Ventures ltd
- Economic Council, Georgia
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- Bulk Trading Sa - Switzerland
- Barasentosa Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
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