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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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Sunday, 06 December 15
DRY BULK MARKET ON REVERSE MODE, SET TO BREAK NEW ALL-TIME LOWS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been the negative “star” of the shipping industry for quite some time. In fact if it wasn’t for the boomi ...
Sunday, 06 December 15
DESPITE TEMPTING NEWBUILDING PRICES, CONTRACTING IN DRY BULK REMAINS LOW - BIMCO
The current newbuilding prices for dry bulk ships has dropped so much that they just passed the lows of 2012 heading downwards and are now at the l ...
Friday, 04 December 15
FOB INDONESIA COAL SWAPS ARE ALMOST FLAT OVER WEAK DEMAND
COALspot.com: Indonesian coal swaps for delivery Q1 2016 declined month on month and rose slightly week over week. Coal prices seen very margi ...
Friday, 04 December 15
COAL PRODUCTION IN THE U.S. FOR W/E NOVEMBER 28TH FELL SLIGHTLY FROM THE PREVIOUS WEEK
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 15.0 million shor ...
Friday, 04 December 15
MINING OUTLOOK WEAKENS FURTHER ON FALLING CHINESE DEMAND - FITCH
COALspot.com: Fitch Ratings' outlook for the global mining sector in 2016 is firmly negative, reflecting our view that Chinese demand will cont ...
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- Sindya Power Generating Company Private Ltd
- Maheswari Brothers Coal Limited - India
- Planning Commission, India
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- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- CNBM International Corporation - China
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
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- Economic Council, Georgia
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- Binh Thuan Hamico - Vietnam
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- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
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- Iligan Light & Power Inc, Philippines
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- Altura Mining Limited, Indonesia
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- Power Finance Corporation Ltd., India
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Standard Chartered Bank - UAE
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- Commonwealth Bank - Australia
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
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- Coal and Oil Company - UAE
- Merrill Lynch Commodities Europe
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- The Treasury - Australian Government
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- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- Eastern Coal Council - USA
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Bhushan Steel Limited - India
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
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- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Metalloyd Limited - United Kingdom
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- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
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- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Medco Energi Mining Internasional
- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- Trasteel International SA, Italy
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- ICICI Bank Limited - India
- Indo Tambangraya Megah - Indonesia
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Dalmia Cement Bharat India
- Oldendorff Carriers - Singapore
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- Price Waterhouse Coopers - Russia
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Manunggal Multi Energi - Indonesia
- Electricity Authority, New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Indian Energy Exchange, India
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
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- Mercuria Energy - Indonesia
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- Pipit Mutiara Jaya. PT, Indonesia
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- Neyveli Lignite Corporation Ltd, - India
- European Bulk Services B.V. - Netherlands
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
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- Singapore Mercantile Exchange
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
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- Rashtriya Ispat Nigam Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- Straits Asia Resources Limited - Singapore
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- Global Green Power PLC Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Kaltim Prima Coal - Indonesia
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Directorate Of Revenue Intelligence - India
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- Gujarat Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
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