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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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Friday, 19 August 16
U.S. YEAR-TO-DATE COAL PRODUCTION TOTALLED AN ESTIMATED 421.6 MMST
COALspot.com – U.S., the world’s second largest coal producers have produced approximately totalled an estimated 15.8 million short ton ...
Thursday, 18 August 16
CAPESIZE: AN EXTREMELY VOLATILE LAST WEEK, WHERE THE MAIN DRIVER HAS BEEN THE WEST AUSTRALIA MARKET
Supramax
The week has held up. After the most of the world is back at work there is some optimism again in the market. The Far East volume has in ...
Tuesday, 16 August 16
WEEKLY CS42 COAL INDEX SOARS 14.08% YEAR TO DATE AMID HIGH DEMAND
COALspot.com: Average 5000 GAR coal index of Indonesian origin rose 2.37% week over week to averaging $42.84 per ton this past week, shows CS (i) C ...
Monday, 15 August 16
DRY BULK: 2017 COULD MARK THE START OF LOWER SHIP DELIVERIES HELPING TONNAGE SUPPLY ISSUES IN THE MARKET, SAYS SHIPOWNER - HELLENIC SHIPPING NEWS
Dry bulk owner Pacific Basin, mainly active in the Handysize and Supramax trades appeared optimistic in its analysis of the prospects of the dry bu ...
Monday, 15 August 16
INDONESIAN COAL PRICES RALLYING; COAL OUTPUT REMAINS FLAT
COALspot.com: Global thermal coal prices, including Indonesian coal prices have risen sharply due to jump in imports from China as it curbs domesti ...
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Showing 2316 to 2320 news of total 6871 |
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- MS Steel International - UAE
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- Petrochimia International Co. Ltd.- Taiwan
- IEA Clean Coal Centre - UK
- Medco Energi Mining Internasional
- Gujarat Mineral Development Corp Ltd - India
- Vedanta Resources Plc - India
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- Meralco Power Generation, Philippines
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Borneo Indobara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- Bukit Baiduri Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Indian Energy Exchange, India
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
- Kaltim Prima Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petron Corporation, Philippines
- The University of Queensland
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- Mercator Lines Limited - India
- Energy Development Corp, Philippines
- Anglo American - United Kingdom
- Carbofer General Trading SA - India
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- Krishnapatnam Port Company Ltd. - India
- AsiaOL BioFuels Corp., Philippines
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Orica Mining Services - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Grasim Industreis Ltd - India
- Indian Oil Corporation Limited
- Parliament of New Zealand
- Minerals Council of Australia
- Price Waterhouse Coopers - Russia
- Savvy Resources Ltd - HongKong
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Gujarat Sidhee Cement - India
- Pipit Mutiara Jaya. PT, Indonesia
- Timah Investasi Mineral - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Billiton Holdings Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- Attock Cement Pakistan Limited
- Chettinad Cement Corporation Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Antam Resourcindo - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- McConnell Dowell - Australia
- Bangladesh Power Developement Board
- Planning Commission, India
- Jorong Barutama Greston.PT - Indonesia
- London Commodity Brokers - England
- Lanco Infratech Ltd - India
- Kepco SPC Power Corporation, Philippines
- SMG Consultants - Indonesia
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- Global Business Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Indika Energy - Indonesia
- Bhatia International Limited - India
- Aditya Birla Group - India
- Cigading International Bulk Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- PNOC Exploration Corporation - Philippines
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- Videocon Industries ltd - India
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Deloitte Consulting - India
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
- GAC Shipping (India) Pvt Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Siam City Cement - Thailand
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- White Energy Company Limited
- ASAPP Information Group - India
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- Larsen & Toubro Limited - India
- Cement Manufacturers Association - India
- Rashtriya Ispat Nigam Limited - India
- Thiess Contractors Indonesia
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
- PTC India Limited - India
- Ministry of Mines - Canada
- Coastal Gujarat Power Limited - India
- Iligan Light & Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Simpson Spence & Young - Indonesia
- CIMB Investment Bank - Malaysia
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- Meenaskhi Energy Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- GMR Energy Limited - India
- Metalloyd Limited - United Kingdom
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- Mercuria Energy - Indonesia
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- Wilmar Investment Holdings
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- The Treasury - Australian Government
- Bahari Cakrawala Sebuku - Indonesia
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Asmin Koalindo Tuhup - Indonesia
- ICICI Bank Limited - India
- Sinarmas Energy and Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- India Bulls Power Limited - India
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