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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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Saturday, 31 October 15
ADARO ENERGY'S CORE EARNINGS DECLINE 21 PER CENT FOR THE NINE MONTHS PERIOD TO SEPTEMBER 2015
COALspot.com: Adaro Energy's core earnings decline 21% to US$228 Million for first 9months of this year compared to the same period last year. ...
Friday, 30 October 15
INDONESIA'S COAL EXPORTS DROP ON LOW PRICES - THE JAKARTA POST
Indonesia's coal exports significantly dropped in the first nine months of the year as coal companies continued to suffer from low prices in ad ...
Friday, 30 October 15
CHINESE MINERAL IMPORTS: MOVING ON FROM INDONESIA? - CLARKSONS
China has accounted for almost 90% of global imports of nickel ore and bauxite in recent years and was therefore heavily hit by the Indonesian mine ...
Friday, 30 October 15
COAL PRODUCTION IN THE UNITED STATES INCREASED THIS WEEK - EIA
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 17.5 million shor ...
Thursday, 29 October 15
IRAN'S RETURN TO OIL MARKETS WILL HAVE TEMPERED IMPACT FOR THE TANKER SHIPPING INDUSTRY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
While many analysts appear to be fearful of a potential incremental rise in tanker ships’ supply, as a result of the imminent return of Iran ...
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- Merrill Lynch Commodities Europe
- Formosa Plastics Group - Taiwan
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Vedanta Resources Plc - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The Treasury - Australian Government
- Kapuas Tunggal Persada - Indonesia
- Cement Manufacturers Association - India
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- Gujarat Mineral Development Corp Ltd - India
- Globalindo Alam Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Miang Besar Coal Terminal - Indonesia
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- Orica Mining Services - Indonesia
- Holcim Trading Pte Ltd - Singapore
- MS Steel International - UAE
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- Mjunction Services Limited - India
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
- South Luzon Thermal Energy Corporation
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Therma Luzon, Inc, Philippines
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Gujarat Sidhee Cement - India
- Eastern Coal Council - USA
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- Heidelberg Cement - Germany
- White Energy Company Limited
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Directorate Of Revenue Intelligence - India
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- SMG Consultants - Indonesia
- The University of Queensland
- Agrawal Coal Company - India
- Coastal Gujarat Power Limited - India
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- Binh Thuan Hamico - Vietnam
- Salva Resources Pvt Ltd - India
- Madhucon Powers Ltd - India
- Anglo American - United Kingdom
- VISA Power Limited - India
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- Riau Bara Harum - Indonesia
- Meenaskhi Energy Private Limited - India
- Kideco Jaya Agung - Indonesia
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- Latin American Coal - Colombia
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Ministry of Mines - Canada
- Australian Coal Association
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Leighton Contractors Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- TeaM Sual Corporation - Philippines
- Bhatia International Limited - India
- Indonesian Coal Mining Association
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- CNBM International Corporation - China
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- Krishnapatnam Port Company Ltd. - India
- Kaltim Prima Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- Electricity Authority, New Zealand
- Global Green Power PLC Corporation, Philippines
- Lanco Infratech Ltd - India
- Economic Council, Georgia
- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- Singapore Mercantile Exchange
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Standard Chartered Bank - UAE
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
- Thiess Contractors Indonesia
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Coal and Oil Company - UAE
- Planning Commission, India
- Deloitte Consulting - India
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Posco Energy - South Korea
- Larsen & Toubro Limited - India
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
- India Bulls Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- Attock Cement Pakistan Limited
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- Altura Mining Limited, Indonesia
- AsiaOL BioFuels Corp., Philippines
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Aboitiz Power Corporation - Philippines
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