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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, 22 November 15
INDONESIA TO INDIA FREIGHT RATES TO REMAIN DULL NEXT WEEK
COALspot.com: The BDI was down to historical lows closing at 498 points which is down by almost 95.77 per cent compared to 11,800 points in 2008.
...
Sunday, 22 November 15
INDIA COULD PROVIDE SILVER LINING FOR SHIPPING INDUSTRY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The rise of India as a global player in the shipping market could be just a couple of years away, as the country has the potential to become a seco ...
Friday, 20 November 15
U.S. COAL PRODUCTION FOR THE WEEK ENDING NOVEMBER '14; NO CHANGE FROM LAST WEEK
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 16.5 million shor ...
Friday, 20 November 15
NO IMPROVEMENT SEEN IN NEAR-TERM COAL DEMAND; SWAPS CLOSE LOWER
COALspot.com: Indonesian coal swap for delivery Q1 2016 declined month on month and flat on week over week. Price of coal seen no improvements this ...
Friday, 20 November 15
CHANGING CRUDE SUPPLY TRENDS MAY HELP EUROPEAN REFINERS - FITCH RATINGS
COALspot.com: Changes in global oil supply trends, including high Russian production, the expected renewal of Iranian heavy crude exports and the p ...
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
- Vedanta Resources Plc - India
- Mercator Lines Limited - India
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Minerals Council of Australia
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- India Bulls Power Limited - India
- The University of Queensland
- Coalindo Energy - Indonesia
- Wood Mackenzie - Singapore
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- GN Power Mariveles Coal Plant, Philippines
- Bayan Resources Tbk. - Indonesia
- GVK Power & Infra Limited - India
- European Bulk Services B.V. - Netherlands
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- Aditya Birla Group - India
- Parry Sugars Refinery, India
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- Neyveli Lignite Corporation Ltd, - India
- Makarim & Taira - Indonesia
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Manunggal Multi Energi - Indonesia
- Straits Asia Resources Limited - Singapore
- Mintek Dendrill Indonesia
- Africa Commodities Group - South Africa
- Rashtriya Ispat Nigam Limited - India
- Central Electricity Authority - India
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- Thai Mozambique Logistica
- Interocean Group of Companies - India
- Economic Council, Georgia
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- Sinarmas Energy and Mining - Indonesia
- Parliament of New Zealand
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- Indonesian Coal Mining Association
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- McConnell Dowell - Australia
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Bhatia International Limited - India
- Timah Investasi Mineral - Indoneisa
- Videocon Industries ltd - India
- Holcim Trading Pte Ltd - Singapore
- Kumho Petrochemical, South Korea
- Tata Chemicals Ltd - India
- Romanian Commodities Exchange
- Cigading International Bulk Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Barasentosa Lestari - Indonesia
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- Vizag Seaport Private Limited - India
- Tamil Nadu electricity Board
- PTC India Limited - India
- Merrill Lynch Commodities Europe
- Planning Commission, India
- Electricity Authority, New Zealand
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- Lanco Infratech Ltd - India
- Riau Bara Harum - Indonesia
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- Australian Coal Association
- Vijayanagar Sugar Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Maheswari Brothers Coal Limited - India
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- White Energy Company Limited
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Bulk Trading Sa - Switzerland
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- Sakthi Sugars Limited - India
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- IEA Clean Coal Centre - UK
- VISA Power Limited - India
- Singapore Mercantile Exchange
- Bharathi Cement Corporation - India
- Rio Tinto Coal - Australia
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- Karaikal Port Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- Port Waratah Coal Services - Australia
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Essar Steel Hazira Ltd - India
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Deloitte Consulting - India
- GMR Energy Limited - India
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Xindia Steels Limited - India
- Indika Energy - Indonesia
- Georgia Ports Authority, United States
- Iligan Light & Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- Jaiprakash Power Ventures ltd
- LBH Netherlands Bv - Netherlands
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- Renaissance Capital - South Africa
- Eastern Energy - Thailand
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- Bhushan Steel Limited - India
- Directorate Of Revenue Intelligence - India
- Bukit Baiduri Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
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