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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, 10 August 16
THE INDONESIAN DRAFT NEW MINING LAW - AMENDMENTS TO THE 2009 MINING LAW
KNOWLEDGE TO ELEVATE
COALspot.com: A draft mining law published by Indonesia's Minister of Energy and Mineral Resources provides use ...
Tuesday, 09 August 16
CS50 COAL INDEX HITS NEW FIFTY-WEEKS HIGH
COALspot.com: Average 5000 GAR coal index of Indonesian origin rose 1.78% week over week to averaging $41.85 per ton this past week, shows CS (i) C ...
Tuesday, 09 August 16
HARD COAL PRODUCTION AND WORLD TRADE ON THE DECLINE FOR THE FIRST TIME IN YEARS - VDKI
Hard coal production and world trade on the decline for the first time in years – not a harbinger of a global energy turnaround
Worldwid ...
Tuesday, 09 August 16
BREXIT, BRITANNIA AND THE WAVES - TREVOR CROWE, CLARKSON RESEARCH
This week, the Bank of England put into place its action plan following the UK referendum on 23rd June, which indicated the British population&rsqu ...
Monday, 08 August 16
INDONESIA'S DRAFT MINING LAW HINTS AT FUTURE REGULATORY FRAMEWORK
KNOWLEDGE TO ELEVATE
COALspot.com: A draft mining law published by Indonesia's Minister of Energy and Mineral Resources provides use ...
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- Deloitte Consulting - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- San Jose City I Power Corp, Philippines
- McConnell Dowell - Australia
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Ambuja Cements Ltd - India
- Petron Corporation, Philippines
- Posco Energy - South Korea
- Bulk Trading Sa - Switzerland
- Aditya Birla Group - India
- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
- Central Electricity Authority - India
- Global Coal Blending Company Limited - Australia
- Indian Energy Exchange, India
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Minerals Council of Australia
- India Bulls Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coal and Oil Company - UAE
- SN Aboitiz Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- Jindal Steel & Power Ltd - India
- Kideco Jaya Agung - Indonesia
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- Mercuria Energy - Indonesia
- ICICI Bank Limited - India
- European Bulk Services B.V. - Netherlands
- Maheswari Brothers Coal Limited - India
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- Malabar Cements Ltd - India
- Dalmia Cement Bharat India
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- IHS Mccloskey Coal Group - USA
- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- Parliament of New Zealand
- Kumho Petrochemical, South Korea
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- TeaM Sual Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- Binh Thuan Hamico - Vietnam
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Agrawal Coal Company - India
- Merrill Lynch Commodities Europe
- Petrochimia International Co. Ltd.- Taiwan
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- Australian Coal Association
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Borneo Indobara - Indonesia
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- Commonwealth Bank - Australia
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Star Paper Mills Limited - India
- Bhatia International Limited - India
- Wood Mackenzie - Singapore
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- Orica Australia Pty. Ltd.
- Kohat Cement Company Ltd. - Pakistan
- International Coal Ventures Pvt Ltd - India
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- LBH Netherlands Bv - Netherlands
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Sojitz Corporation - Japan
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- Eastern Coal Council - USA
- IEA Clean Coal Centre - UK
- Indika Energy - Indonesia
- VISA Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Grasim Industreis Ltd - India
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- Bayan Resources Tbk. - Indonesia
- Rio Tinto Coal - Australia
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- Neyveli Lignite Corporation Ltd, - India
- OPG Power Generation Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Port Waratah Coal Services - Australia
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- Renaissance Capital - South Africa
- Oldendorff Carriers - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- Timah Investasi Mineral - Indoneisa
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- Attock Cement Pakistan Limited
- Planning Commission, India
- Central Java Power - Indonesia
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- The State Trading Corporation of India Ltd
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Maharashtra Electricity Regulatory Commission - India
- The University of Queensland
- Semirara Mining Corp, Philippines
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- PTC India Limited - India
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Essar Steel Hazira Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Alfred C Toepfer International GmbH - Germany
- Asmin Koalindo Tuhup - Indonesia
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- Miang Besar Coal Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Antam Resourcindo - Indonesia
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Larsen & Toubro Limited - India
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
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