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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, 30 May 16
BCI ENDING AT 830 POINTS, DOWN 4.6 PER CENT W/W
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities decline this week. The freight market was weak this past ...
Friday, 27 May 16
PET-COKE IMPORTS TO FACE PRESSURE IN INDIA
COALspot.com: An Indian environmental activist moved the National Green Tribunal seeking ban on the use of all forms of petroleum coke, also called ...
Friday, 27 May 16
US COAL PRODUCTION ROSE 2.9% WOW, ACCORDING TO EIA
COALspot.com – U.S the world’s second largest coal producer has produced approximately totaled an estimated 11.7 million short tons (mm ...
Thursday, 26 May 16
GIANT ORE CARRIERS SET TO PLAY A BIGGER ROLE IN THE GLOBAL SHIPPING FLEET: CHINA EMBRACES VALEMAXES - RICHARD SCOTT
Another phase of the giant ships era is approaching. Chinese shipowners placed orders recently for 30 huge ‘valemax’ ore carriers. Thes ...
Wednesday, 25 May 16
MEDIATION AS A WAY TO RESOLVE DISPUTES IN THE SHIPPING INDUSTRY - LANA JACOBS
KNOWLEDGE TO ELEVATE
The shipping market is currently experiencing a serious recession with the Baltic Dry Index and Baltic Capesize Index bot ...
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Showing 2416 to 2420 news of total 6871 |
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- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Singapore Mercantile Exchange
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
- Marubeni Corporation - India
- Energy Development Corp, Philippines
- Central Java Power - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- Planning Commission, India
- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- Miang Besar Coal Terminal - Indonesia
- Tata Chemicals Ltd - India
- CNBM International Corporation - China
- White Energy Company Limited
- SN Aboitiz Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- Karaikal Port Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Anglo American - United Kingdom
- Central Electricity Authority - India
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Krishnapatnam Port Company Ltd. - India
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- GVK Power & Infra Limited - India
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- Parry Sugars Refinery, India
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- Rio Tinto Coal - Australia
- Interocean Group of Companies - India
- GMR Energy Limited - India
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Savvy Resources Ltd - HongKong
- Samtan Co., Ltd - South Korea
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- MS Steel International - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- Indonesian Coal Mining Association
- Jaiprakash Power Ventures ltd
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- Vizag Seaport Private Limited - India
- Trasteel International SA, Italy
- Australian Coal Association
- Bhushan Steel Limited - India
- Asmin Koalindo Tuhup - Indonesia
- GAC Shipping (India) Pvt Ltd
- The State Trading Corporation of India Ltd
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- Thiess Contractors Indonesia
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Kepco SPC Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- San Jose City I Power Corp, Philippines
- New Zealand Coal & Carbon
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- International Coal Ventures Pvt Ltd - India
- Indogreen Group - Indonesia
- Intertek Mineral Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Baramulti Group, Indonesia
- Posco Energy - South Korea
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- Bhoruka Overseas - Indonesia
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Riau Bara Harum - Indonesia
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Georgia Ports Authority, United States
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- Essar Steel Hazira Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Goldman Sachs - Singapore
- The University of Queensland
- Videocon Industries ltd - India
- Latin American Coal - Colombia
- Xindia Steels Limited - India
- Heidelberg Cement - Germany
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- PTC India Limited - India
- Ministry of Mines - Canada
- Aboitiz Power Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Sindya Power Generating Company Private Ltd
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Mercuria Energy - Indonesia
- Mintek Dendrill Indonesia
- Sakthi Sugars Limited - India
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- Global Coal Blending Company Limited - Australia
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Rashtriya Ispat Nigam Limited - India
- Ind-Barath Power Infra Limited - India
- Price Waterhouse Coopers - Russia
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Indika Energy - Indonesia
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- ASAPP Information Group - India
- LBH Netherlands Bv - Netherlands
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bangladesh Power Developement Board
- Oldendorff Carriers - Singapore
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