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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, 15 September 16
INDONESIA MAY FACE A COAL CRISIS BY 2035!
COALspot.com: Indonesia is the world’s fourth-largest coal producer and the world’s largest thermal coal exporter may face a coal crisi ...
Thursday, 15 September 16
CAPESIZE: LAST WEEK ENDED ON A VERY STRONG NOTE MAINLY DRIVEN BY A ACTIVE BRAZIL MARKET - FEARNLYS
Supramax
With holidays in the eastern hemisphere beginning this week, the sentiment and activity level has been decreasing.
In the Pacific, ...
Wednesday, 14 September 16
THE DRY BULK MARKET REACHED LEVELS LAST SEEN BACK IN 2015 - INTERMODAL
In an earlier column we commented that we are undergoing “shipping’s new (ab)normal” with constrained financing, shift in demand ...
Wednesday, 14 September 16
THE PORT OF NEWCASTLE SHIPPED 12.48 MMT OF COAL IN AUGUST; AVERAGE SELLING PRICE WAS $AU 83.33
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port has shipped $AU $1,040.4 ...
Tuesday, 13 September 16
CAPESIZE: BIG STRENGTH SEEN IN THE MARKET THIS WEEK - ALLIED
Capesize - Big strength seen in the market this week, with an upbeat in sentiment amongst owners helping pull up rates fairly quickly and many hold ...
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- The State Trading Corporation of India Ltd
- Energy Link Ltd, New Zealand
- Salva Resources Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Planning Commission, India
- Sical Logistics Limited - India
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Intertek Mineral Services - Indonesia
- Medco Energi Mining Internasional
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Heidelberg Cement - Germany
- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Ministry of Mines - Canada
- SMG Consultants - Indonesia
- Uttam Galva Steels Limited - India
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
- Banpu Public Company Limited - Thailand
- Coalindo Energy - Indonesia
- Eastern Coal Council - USA
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Bhushan Steel Limited - India
- Anglo American - United Kingdom
- Xindia Steels Limited - India
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- Economic Council, Georgia
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- Billiton Holdings Pty Ltd - Australia
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- Ministry of Finance - Indonesia
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- Vizag Seaport Private Limited - India
- European Bulk Services B.V. - Netherlands
- Global Green Power PLC Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Singapore Mercantile Exchange
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Antam Resourcindo - Indonesia
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- TNB Fuel Sdn Bhd - Malaysia
- GAC Shipping (India) Pvt Ltd
- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Australia Pty. Ltd.
- Kapuas Tunggal Persada - Indonesia
- Aboitiz Power Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Siam City Cement - Thailand
- Bukit Makmur.PT - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
- Independent Power Producers Association of India
- Manunggal Multi Energi - Indonesia
- PTC India Limited - India
- Iligan Light & Power Inc, Philippines
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
- Dalmia Cement Bharat India
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- Sindya Power Generating Company Private Ltd
- ASAPP Information Group - India
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- Romanian Commodities Exchange
- Krishnapatnam Port Company Ltd. - India
- SMC Global Power, Philippines
- San Jose City I Power Corp, Philippines
- London Commodity Brokers - England
- Thiess Contractors Indonesia
- Jaiprakash Power Ventures ltd
- Star Paper Mills Limited - India
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Karaikal Port Pvt Ltd - India
- GMR Energy Limited - India
- Thai Mozambique Logistica
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- Interocean Group of Companies - India
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- Leighton Contractors Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- Eastern Energy - Thailand
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Minerals Council of Australia
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Ministry of Transport, Egypt
- Gujarat Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- IEA Clean Coal Centre - UK
- Indian Oil Corporation Limited
- The Treasury - Australian Government
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- White Energy Company Limited
- Tamil Nadu electricity Board
- Mintek Dendrill Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Sojitz Corporation - Japan
- Barasentosa Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Meralco Power Generation, Philippines
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Gujarat Sidhee Cement - India
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
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