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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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Tuesday, 17 May 16
INDONESIAN COAL PRICE REFERENCE DECLINE AGAIN
COALspot.com: The Indonesia Coal Benchmark Price declined in May 2016.
The Director General of Mineral and Coal of Indonesia, the regulator of ...
Tuesday, 17 May 16
CHINA THERMAL-POWER OVERSUPPLY TO WORSEN - FITCH
COALspot.com: The overcapacity in thermal-power generation in China is likely to worsen in 2016 to 2017, Fitch Ratings says in a new report.
F ...
Tuesday, 17 May 16
ON YOUR MARKS: TRACKING CHINESE TRADE - CLARKSONS
One of the major drivers behind the challenges currently facing many of the shipping markets has been slower demand growth. World seaborne trade gr ...
Monday, 16 May 16
INDONESIAN WEEKLY COAL INDICES AT POSITIVE LEVELS - CS (I) COAL INDEX
COALspot.com: Average 5000 GAR coal index of Indonesian origin up 0.31 percent week over week to averaging $38.94 per ton this past week, shows CS ...
Monday, 16 May 16
OPEC SEES RIVAL OIL PRODUCTION DECLINING
Crude Oil Price Movements
The OPEC Reference Basket averaged $37.86/b in April, a gain of $3.21 or 9.3%. This was 40% higher than the lows reache ...
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- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Meenaskhi Energy Private Limited - India
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- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- New Zealand Coal & Carbon
- ASAPP Information Group - India
- Attock Cement Pakistan Limited
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Posco Energy - South Korea
- CIMB Investment Bank - Malaysia
- Wood Mackenzie - Singapore
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Makarim & Taira - Indonesia
- Sojitz Corporation - Japan
- South Luzon Thermal Energy Corporation
- Jorong Barutama Greston.PT - Indonesia
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Central Java Power - Indonesia
- Aditya Birla Group - India
- Rio Tinto Coal - Australia
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- ICICI Bank Limited - India
- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Anglo American - United Kingdom
- Edison Trading Spa - Italy
- SMG Consultants - Indonesia
- Central Electricity Authority - India
- Independent Power Producers Association of India
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- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- PTC India Limited - India
- Semirara Mining and Power Corporation, Philippines
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- Coal and Oil Company - UAE
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- Salva Resources Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- Marubeni Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Bhoruka Overseas - Indonesia
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
- GMR Energy Limited - India
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- The State Trading Corporation of India Ltd
- Straits Asia Resources Limited - Singapore
- Simpson Spence & Young - Indonesia
- Indo Tambangraya Megah - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- Parliament of New Zealand
- SMC Global Power, Philippines
- Energy Development Corp, Philippines
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- Planning Commission, India
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sree Jayajothi Cements Limited - India
- Ind-Barath Power Infra Limited - India
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Bhatia International Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Star Paper Mills Limited - India
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Oldendorff Carriers - Singapore
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Mining Services - Indonesia
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- Electricity Authority, New Zealand
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Therma Luzon, Inc, Philippines
- Electricity Generating Authority of Thailand
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
- CNBM International Corporation - China
- Mercator Lines Limited - India
- Toyota Tsusho Corporation, Japan
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- Semirara Mining Corp, Philippines
- Uttam Galva Steels Limited - India
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- Cement Manufacturers Association - India
- Bulk Trading Sa - Switzerland
- Asmin Koalindo Tuhup - Indonesia
- Indian Energy Exchange, India
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Bhushan Steel Limited - India
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- Petron Corporation, Philippines
- VISA Power Limited - India
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Krishnapatnam Port Company Ltd. - India
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
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