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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, 25 May 16
DRY BULK SNP MARKET DISPLAYS SIGNS OF STRENGTH - GEORGE ILIOPOULOS
Only a couple of weeks away from the world’s most prominent maritime event, the market for tankers displays an evident lack of confidence in ...
Tuesday, 24 May 16
WEEKLY CS COAL INDICES NEGATIVE FOR ALL TYPES OF COAL EXCEPT 3800 GAR COAL
COALspot.com: Average 5000 GAR coal index of Indonesian origin was down 0.10 percent week over week to averaging $38.90 per ton this past week, sho ...
Monday, 23 May 16
A PERFECT STORM FOR INDONESIAN STEAM COAL EXPORTS - CLARKSON RESEARCH
Indonesia is the world’s leading steam coal exporter, accounting for over 40% of global seaborne steam coal exports since 2010. However in 20 ...
Monday, 23 May 16
THE PANAMAX INDEX WAS UP 17 POINTS W/W
COALspot.com: The Baltic Exchange, tracking rates for ships carrying dry bulk commodities rose this week.
The freight market was firm and all ...
Friday, 20 May 16
SHIPBUILDING CONTRACTS: CAN I CANCEL? SHOULD I CANCEL? - THE SHIPOWNER CLUB
KNOWLEDGE TO ELEVATE
There are many circumstances in which a buyer of a new-build vessel might want to terminate or cancel their contract with ...
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Showing 2421 to 2425 news of total 6871 |
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- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- Gujarat Mineral Development Corp Ltd - India
- Vizag Seaport Private Limited - India
- Dalmia Cement Bharat India
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- Georgia Ports Authority, United States
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining Corp, Philippines
- Deloitte Consulting - India
- Iligan Light & Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Energy Link Ltd, New Zealand
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Vedanta Resources Plc - India
- Wood Mackenzie - Singapore
- Gujarat Sidhee Cement - India
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Pendopo Energi Batubara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Commonwealth Bank - Australia
- Sarangani Energy Corporation, Philippines
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- Energy Development Corp, Philippines
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Metalloyd Limited - United Kingdom
- Standard Chartered Bank - UAE
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Bayan Resources Tbk. - Indonesia
- Essar Steel Hazira Ltd - India
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- Indogreen Group - Indonesia
- PTC India Limited - India
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- Electricity Generating Authority of Thailand
- OPG Power Generation Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Price Waterhouse Coopers - Russia
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- India Bulls Power Limited - India
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Renaissance Capital - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- Thiess Contractors Indonesia
- Global Business Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- VISA Power Limited - India
- Planning Commission, India
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- Madhucon Powers Ltd - India
- Tata Chemicals Ltd - India
- South Luzon Thermal Energy Corporation
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- Tamil Nadu electricity Board
- Globalindo Alam Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Jaiprakash Power Ventures ltd
- Sindya Power Generating Company Private Ltd
- London Commodity Brokers - England
- SMG Consultants - Indonesia
- Bukit Makmur.PT - Indonesia
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Mintek Dendrill Indonesia
- Bhushan Steel Limited - India
- Leighton Contractors Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Sojitz Corporation - Japan
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Star Paper Mills Limited - India
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- Maharashtra Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- New Zealand Coal & Carbon
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Simpson Spence & Young - Indonesia
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- Minerals Council of Australia
- Indika Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Coalindo Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- GMR Energy Limited - India
- Videocon Industries ltd - India
- Sinarmas Energy and Mining - Indonesia
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- Gujarat Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- IHS Mccloskey Coal Group - USA
- Port Waratah Coal Services - Australia
- Medco Energi Mining Internasional
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Mjunction Services Limited - India
- Bulk Trading Sa - Switzerland
- Attock Cement Pakistan Limited
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- PowerSource Philippines DevCo
- Africa Commodities Group - South Africa
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
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