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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, 30 September 09
COKING COAL PRICES MAY TOUCH $200/TN IN 2010-11
Business Standard reported that, Driven by surge in imports of coking coal by China, growth in Japanese steel output and signs of recovery in the In ...
Wednesday, 30 September 09
PURNOMO BIDS 'GOODBYE' TO ENERGY MINISTRY
The Jakarta globe reported that, In what could be construed as a resignation speech from a government official — but perhaps wasn’t &mda ...
Tuesday, 29 September 09
MINING AND ENERGY DAY 2009
The Minister of Energy and Mineral Resources, Purnomo Yusgiantoro led the ceremony marking 2009 Mining and Energy Day celebrations, held at the Depa ...
Tuesday, 29 September 09
BUKIT ASAM REDUCES ITS SALES TARGET
Tempo Interactive reported that, PT Tambang Batubara Bukit Asam Tbk has decided to reduce its sales target this year from 14.5 million tons of coal ...
Monday, 28 September 09
INDONESIA UNLIKELY TO PASS NEW MINING RULES IN 2009
Reuters reported that, Indonesia is unlikely to complete final regulations attached to a new mining and coal law this year, an official said on Mond ...
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- OPG Power Generation Pvt Ltd - India
- ASAPP Information Group - India
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
- Global Green Power PLC Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Romanian Commodities Exchange
- Chettinad Cement Corporation Ltd - India
- Gujarat Sidhee Cement - India
- Essar Steel Hazira Ltd - India
- Singapore Mercantile Exchange
- Indian Oil Corporation Limited
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- London Commodity Brokers - England
- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Simpson Spence & Young - Indonesia
- Electricity Authority, New Zealand
- VISA Power Limited - India
- Kobexindo Tractors - Indoneisa
- Indogreen Group - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Vizag Seaport Private Limited - India
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- McConnell Dowell - Australia
- Videocon Industries ltd - India
- ICICI Bank Limited - India
- The University of Queensland
- Ministry of Mines - Canada
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Billiton Holdings Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- Energy Link Ltd, New Zealand
- Ind-Barath Power Infra Limited - India
- Vedanta Resources Plc - India
- Port Waratah Coal Services - Australia
- Coastal Gujarat Power Limited - India
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Neyveli Lignite Corporation Ltd, - India
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- Karaikal Port Pvt Ltd - India
- Eastern Energy - Thailand
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- PowerSource Philippines DevCo
- Sojitz Corporation - Japan
- Iligan Light & Power Inc, Philippines
- Wilmar Investment Holdings
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- Star Paper Mills Limited - India
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Oldendorff Carriers - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- The State Trading Corporation of India Ltd
- Kapuas Tunggal Persada - Indonesia
- SMC Global Power, Philippines
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Africa Commodities Group - South Africa
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- Ministry of Transport, Egypt
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Thiess Contractors Indonesia
- Coal and Oil Company - UAE
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- Planning Commission, India
- Agrawal Coal Company - India
- Rio Tinto Coal - Australia
- Cement Manufacturers Association - India
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- Parry Sugars Refinery, India
- Bharathi Cement Corporation - India
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Attock Cement Pakistan Limited
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- TNB Fuel Sdn Bhd - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Lanco Infratech Ltd - India
- Australian Coal Association
- Medco Energi Mining Internasional
- India Bulls Power Limited - India
- Meralco Power Generation, Philippines
- Mercuria Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- PTC India Limited - India
- Deloitte Consulting - India
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- Borneo Indobara - Indonesia
- TeaM Sual Corporation - Philippines
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
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