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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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Monday, 14 September 09
BOOM FORECAST FOR COAL OUTPUT
SMH.com reported that, A COAL investment boom is driving Australian production to new peaks even as our biggest export markets shift towards cleaner ...
Sunday, 13 September 09
COAL INDIA MAY ACQUIRE ASSETS OF RIO TINTO
Coal India’s plan to acquire overseas mining assets is gathering steam. After a breakthrough in Mozambique, the coal behemoth has received&nbs ...
Saturday, 12 September 09
THE INDIA / FAR EAST SEEMS WILL CONTINUE TO BE SOFT UNTIL THE IRON ORE MOVEMENTS PICKS UP - CAPT. REDDY
COALspot.com (Singapore): The dry bulk market continued to be stable at almost as same levels as last week and the BDI was at 2,468 points.
...
Saturday, 12 September 09
GOVT REQUESTS MORE TIME TO ACQUIRE 21% SHARES IN NNT
The Jakarta Post reported that, the government plans to request a postponement for the acquisition of 21 percent shares in PT Newmont Nusa Tenggara ...
Saturday, 12 September 09
INDONESIAN CO KEEN ON TRADING COAL FOR EQUITY IN POWER PROJECTS
Though most large power project promoters have their own mines in Indonesia, MEC is confident of convincing Indian companies as its price is quite a ...
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- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- Bangladesh Power Developement Board
- Chamber of Mines of South Africa
- Alfred C Toepfer International GmbH - Germany
- Indika Energy - Indonesia
- The University of Queensland
- Electricity Authority, New Zealand
- SN Aboitiz Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Africa Commodities Group - South Africa
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- Orica Mining Services - Indonesia
- SMC Global Power, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- Central Electricity Authority - India
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- White Energy Company Limited
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- Lanco Infratech Ltd - India
- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Mjunction Services Limited - India
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
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- ICICI Bank Limited - India
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- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- Star Paper Mills Limited - India
- Economic Council, Georgia
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- Xindia Steels Limited - India
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- Semirara Mining Corp, Philippines
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- SMG Consultants - Indonesia
- Power Finance Corporation Ltd., India
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PetroVietnam Power Coal Import and Supply Company
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- Sinarmas Energy and Mining - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
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- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- Globalindo Alam Lestari - Indonesia
- The State Trading Corporation of India Ltd
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- Jaiprakash Power Ventures ltd
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
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- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Planning Commission, India
- Videocon Industries ltd - India
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Ministry of Transport, Egypt
- Marubeni Corporation - India
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- Mintek Dendrill Indonesia
- Tata Chemicals Ltd - India
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- VISA Power Limited - India
- Salva Resources Pvt Ltd - India
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- Renaissance Capital - South Africa
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
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- Bayan Resources Tbk. - Indonesia
- Aditya Birla Group - India
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- Asmin Koalindo Tuhup - Indonesia
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- Parliament of New Zealand
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- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
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- Antam Resourcindo - Indonesia
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- Wood Mackenzie - Singapore
- Orica Australia Pty. Ltd.
- Gujarat Sidhee Cement - India
- Coalindo Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- London Commodity Brokers - England
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
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- Straits Asia Resources Limited - Singapore
- GAC Shipping (India) Pvt Ltd
- Cement Manufacturers Association - India
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- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
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- South Luzon Thermal Energy Corporation
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- Global Green Power PLC Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Neyveli Lignite Corporation Ltd, - India
- Leighton Contractors Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Singapore Mercantile Exchange
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- Coal and Oil Company - UAE
- Semirara Mining and Power Corporation, Philippines
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Australian Coal Association
- Mercator Lines Limited - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- TNB Fuel Sdn Bhd - Malaysia
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