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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, 03 August 16
SHIP TRADING AND ORDERING CLOSE TO A STALEMATE AS SUMMER LULL KICKS IN
With newbuilding activity already at a near standstill since the start of the year, most of 2016’s trading activity in shipping was evident i ...
Tuesday, 02 August 16
INDONESIAN CS COAL INDICES STAY POSITIVE
COALspot.com: Average 5000 GAR coal index of Indonesian origin rose 0.71% week over week to averaging $41.12 per ton this past week, shows CS (i) C ...
Monday, 01 August 16
4200 GAR INDONESIAN COAL PRICE MAY TOUCH $ 32/33 A TON LEVELS SOON
COALspot.com: Indonesian coal prices are likely surge further in 2016 as the recent price movement in Indonesian coal markets suggests that the mar ...
Monday, 01 August 16
BALTIC INDEX ENDED NEGATIVE NOTE THIS PAST WEEK ON WEAKER RATES ACROSS ALL LARGE VESSEL SEGMENTS
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities slide slightly as Cape, Panamax and Supramax segments end ...
Friday, 29 July 16
U.S. COAL OUTPUT SLIPS SLIGHTLY WEEK OVER WEEK
COALspot.com – U.S., the world’s second largest coal producers has produced approximately totalled an estimated 15 million short tons ( ...
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- Aboitiz Power Corporation - Philippines
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- Indian Energy Exchange, India
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- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- Bangladesh Power Developement Board
- The Treasury - Australian Government
- Rio Tinto Coal - Australia
- Indo Tambangraya Megah - Indonesia
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Alfred C Toepfer International GmbH - Germany
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- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- Jaiprakash Power Ventures ltd
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
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- Sarangani Energy Corporation, Philippines
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- Latin American Coal - Colombia
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
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- The State Trading Corporation of India Ltd
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- Independent Power Producers Association of India
- Gujarat Sidhee Cement - India
- Africa Commodities Group - South Africa
- MS Steel International - UAE
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- Indogreen Group - Indonesia
- Sindya Power Generating Company Private Ltd
- Parliament of New Zealand
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- Power Finance Corporation Ltd., India
- Economic Council, Georgia
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- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
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- Directorate General of MIneral and Coal - Indonesia
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
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- Wood Mackenzie - Singapore
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- Coalindo Energy - Indonesia
- Bhushan Steel Limited - India
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- Price Waterhouse Coopers - Russia
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- Eastern Coal Council - USA
- Indian Oil Corporation Limited
- ASAPP Information Group - India
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- Bulk Trading Sa - Switzerland
- Bhatia International Limited - India
- Attock Cement Pakistan Limited
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- Sakthi Sugars Limited - India
- IEA Clean Coal Centre - UK
- Meralco Power Generation, Philippines
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- Bhoruka Overseas - Indonesia
- Semirara Mining and Power Corporation, Philippines
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- Planning Commission, India
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
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- Goldman Sachs - Singapore
- OPG Power Generation Pvt Ltd - India
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- Ministry of Mines - Canada
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- Minerals Council of Australia
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- Electricity Authority, New Zealand
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- Makarim & Taira - Indonesia
- Orica Australia Pty. Ltd.
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- Maheswari Brothers Coal Limited - India
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
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- Ministry of Finance - Indonesia
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