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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, 29 August 16
THE 5000 GAR THERMAL COAL INDEX HAS STRENGTHENED BY 9.90% SINCE JANUARY
COALspot.com: A rally in thermal coal prices over the past few months, after years of decline, is still continuing upward and it is expected to ral ...
Monday, 29 August 16
THE FREIGHT MARKET WAS STEADY AND FIRM THIS PAST WEEK; BCI ROSE 18.74%
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose and ending in a positive note this past week except ...
Friday, 26 August 16
WEEKLY US COAL OUTPUT UP 0.7% W/W TO 16 MMST: EIA
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 16 million short tons ...
Thursday, 25 August 16
SUPRAMAXES ARE BEING FIXED IN REGION OF $9000
Supramax
Due to Chinese coal imports which continues to source much of the tonnage in SE Asia combined with a good flow of mineral exports ex Aus ...
Wednesday, 24 August 16
MARKET INSIGHT
Brazil and the world bid farewell on Sunday to the first Olympic Games in South America in the midst of a finale meant to be both one last bash and ...
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Showing 2306 to 2310 news of total 6871 |
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- Thai Mozambique Logistica
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- Bhatia International Limited - India
- Sical Logistics Limited - India
- Sarangani Energy Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- SMC Global Power, Philippines
- CNBM International Corporation - China
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- Global Green Power PLC Corporation, Philippines
- Meralco Power Generation, Philippines
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- Heidelberg Cement - Germany
- Romanian Commodities Exchange
- Bukit Baiduri Energy - Indonesia
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Posco Energy - South Korea
- Price Waterhouse Coopers - Russia
- Bhoruka Overseas - Indonesia
- Independent Power Producers Association of India
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- Vedanta Resources Plc - India
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
- Semirara Mining and Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- ASAPP Information Group - India
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Intertek Mineral Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Therma Luzon, Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Borneo Indobara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- McConnell Dowell - Australia
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- Medco Energi Mining Internasional
- MS Steel International - UAE
- Eastern Energy - Thailand
- South Luzon Thermal Energy Corporation
- PTC India Limited - India
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Baramulti Group, Indonesia
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Parry Sugars Refinery, India
- Coal and Oil Company - UAE
- Africa Commodities Group - South Africa
- Kobexindo Tractors - Indoneisa
- Ministry of Transport, Egypt
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- Energy Development Corp, Philippines
- Indian Energy Exchange, India
- GVK Power & Infra Limited - India
- The University of Queensland
- Vizag Seaport Private Limited - India
- Orica Mining Services - Indonesia
- Renaissance Capital - South Africa
- Sojitz Corporation - Japan
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Directorate Of Revenue Intelligence - India
- IHS Mccloskey Coal Group - USA
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Samtan Co., Ltd - South Korea
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Agrawal Coal Company - India
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- GAC Shipping (India) Pvt Ltd
- Bharathi Cement Corporation - India
- Mintek Dendrill Indonesia
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Madhucon Powers Ltd - India
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Bayan Resources Tbk. - Indonesia
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- Jindal Steel & Power Ltd - India
- Videocon Industries ltd - India
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- Formosa Plastics Group - Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- CIMB Investment Bank - Malaysia
- Lanco Infratech Ltd - India
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- Sree Jayajothi Cements Limited - India
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- AsiaOL BioFuels Corp., Philippines
- Ministry of Mines - Canada
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- GMR Energy Limited - India
- Leighton Contractors Pty Ltd - Australia
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