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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, 04 July 16
BDI ROSE ON STRONGER DEMAND ACROSS ALL VESSEL SEGMENTS
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose this past week. The BDI was up 11.16 percent from la ...
Friday, 01 July 16
BREXIT SET TO HURT SHIPPING IN THE LONG-TERM AS IT WILL TAKE ITS TOLL IN THE GLOBAL ECONOMY'S GROWTH - HELLENIC SHIPPING
Setting aside the short-term negative impact of the Brexit, in terms of stock market and currency volatility, it’s more than evident that the ...
Friday, 01 July 16
U.S'S COAL EXPORTS HAVE DECLINED FOR TWELVE QUARTERS IN A ROW - EIA
COALspot.com – U.S, world’s one of the largest coal producers has produced approximately totalled an estimated 13.7 million short t ...
Thursday, 30 June 16
CAPE - THIS WEEK'S FREIGHT AND ACTIVITY LEVEL HAVE KEPT STABLE - FEARNLEYS
Cape
This week’s freight and activity level have kept stable. It is support at the present levels and despite a volatile market the freight ...
Thursday, 30 June 16
OIL PRODUCT TANKERS EARNINGS DECLINE AS STOCKBUILDING SLOWS DOWN - BIMCO
BIMCO’s expectations remain as the oil product tanker fleet continues to grow with earnings at the lowest since Q3 in 2014. But there is stil ...
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- Ministry of Mines - Canada
- Wilmar Investment Holdings
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- Essar Steel Hazira Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- Central Electricity Authority - India
- Videocon Industries ltd - India
- Wood Mackenzie - Singapore
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Jaiprakash Power Ventures ltd
- Neyveli Lignite Corporation Ltd, - India
- Orica Mining Services - Indonesia
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- Sakthi Sugars Limited - India
- Eastern Energy - Thailand
- Rio Tinto Coal - Australia
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- MS Steel International - UAE
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- Tata Chemicals Ltd - India
- Central Java Power - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- Electricity Generating Authority of Thailand
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- Gujarat Electricity Regulatory Commission - India
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- Parliament of New Zealand
- Trasteel International SA, Italy
- Global Green Power PLC Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Maheswari Brothers Coal Limited - India
- McConnell Dowell - Australia
- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
- Indika Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- Commonwealth Bank - Australia
- Indo Tambangraya Megah - Indonesia
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- Sarangani Energy Corporation, Philippines
- The University of Queensland
- Bukit Makmur.PT - Indonesia
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Edison Trading Spa - Italy
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- Port Waratah Coal Services - Australia
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Heidelberg Cement - Germany
- Bukit Asam (Persero) Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Latin American Coal - Colombia
- Baramulti Group, Indonesia
- Coalindo Energy - Indonesia
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- Metalloyd Limited - United Kingdom
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- Bukit Baiduri Energy - Indonesia
- Anglo American - United Kingdom
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- Directorate Of Revenue Intelligence - India
- Goldman Sachs - Singapore
- GVK Power & Infra Limited - India
- Kumho Petrochemical, South Korea
- Australian Coal Association
- Kapuas Tunggal Persada - Indonesia
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- The State Trading Corporation of India Ltd
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Transport, Egypt
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Lanco Infratech Ltd - India
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- GAC Shipping (India) Pvt Ltd
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- Sindya Power Generating Company Private Ltd
- Singapore Mercantile Exchange
- Riau Bara Harum - Indonesia
- White Energy Company Limited
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- Aboitiz Power Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Dalmia Cement Bharat India
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- Kepco SPC Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Barasentosa Lestari - Indonesia
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Gujarat Sidhee Cement - India
- GN Power Mariveles Coal Plant, Philippines
- Chettinad Cement Corporation Ltd - India
- Aditya Birla Group - India
- Marubeni Corporation - India
- PTC India Limited - India
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- London Commodity Brokers - England
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- The Treasury - Australian Government
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bhushan Steel Limited - India
- Karbindo Abesyapradhi - Indoneisa
- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Semirara Mining and Power Corporation, Philippines
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