We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 12 October 15
DRY BULK SHIPPING: MARKETS ARE SLOWLY IMPROVING FROM A VERY LOW LEVEL AS THE DEMAND SIDE FALTERS - HELLENIC SHIPPING NEWS
The dry bulk market is in the midst of a shift in demand patterns, which coupled with a tonnage supply overhang, has been facing headwinds over the ...
Monday, 12 October 15
BDI WEIGHED DOWN BY CAPE
COALspot.com: The BDI (Baltic Dry Index) has come back down again this week. The BDI is a benchmark index used to assess the overall cost of moving ...
Sunday, 11 October 15
TANKER SHIPPING: MORE OPTIMISM IN SIGHT FOR TANKERS IN THE WINTER SEASON - BIMCO
Demand:
2015 has been the year of the tanker. The fundamental improvements with slow supply-side growth for some years coupled with low oil pri ...
Friday, 09 October 15
US WEEKLY COAL OUTPUT UP 1.2 PERCENT TO 17.7 MMST
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 17.7 million shor ...
Thursday, 08 October 15
CAPESIZE: MOST PEOPLE AGREE A SPIKE IN RATES WILL HAPPEN; WHEN, HOW LONG AND HOW SUBSTANTIAL? - FEARNLEYS
Cape
Depressives start of the fourth quarter, with c3 approaching USD 12 pmt and c5 presently in the mind 5's. According to Fearnleys ship br ...
|
|
|
Showing 2776 to 2780 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Alfred C Toepfer International GmbH - Germany
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Minerals Council of Australia
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Renaissance Capital - South Africa
- Kepco SPC Power Corporation, Philippines
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Kumho Petrochemical, South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- MS Steel International - UAE
- Coal and Oil Company - UAE
- Baramulti Group, Indonesia
- Karaikal Port Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- Chamber of Mines of South Africa
- The University of Queensland
- Meralco Power Generation, Philippines
- Africa Commodities Group - South Africa
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Bhushan Steel Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kaltim Prima Coal - Indonesia
- Videocon Industries ltd - India
- Sakthi Sugars Limited - India
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- PTC India Limited - India
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- Coalindo Energy - Indonesia
- Borneo Indobara - Indonesia
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Sree Jayajothi Cements Limited - India
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- White Energy Company Limited
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Lanco Infratech Ltd - India
- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- Salva Resources Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Medco Energi Mining Internasional
- Parry Sugars Refinery, India
- Bukit Makmur.PT - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ambuja Cements Ltd - India
- VISA Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Tata Chemicals Ltd - India
- Semirara Mining Corp, Philippines
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Indian Energy Exchange, India
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Samtan Co., Ltd - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Cigading International Bulk Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Sarangani Energy Corporation, Philippines
- India Bulls Power Limited - India
- Oldendorff Carriers - Singapore
- Planning Commission, India
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- GAC Shipping (India) Pvt Ltd
- Electricity Generating Authority of Thailand
- PNOC Exploration Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Mercuria Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Essar Steel Hazira Ltd - India
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Kideco Jaya Agung - Indonesia
- Indo Tambangraya Megah - Indonesia
- Central Electricity Authority - India
- Heidelberg Cement - Germany
- Star Paper Mills Limited - India
- Krishnapatnam Port Company Ltd. - India
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- Economic Council, Georgia
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Romanian Commodities Exchange
- Formosa Plastics Group - Taiwan
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- Siam City Cement - Thailand
- Australian Coal Association
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Rio Tinto Coal - Australia
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vedanta Resources Plc - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Transport, Egypt
- ASAPP Information Group - India
- Antam Resourcindo - Indonesia
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- Marubeni Corporation - India
- Georgia Ports Authority, United States
- Ceylon Electricity Board - Sri Lanka
- Siam City Cement PLC, Thailand
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- The State Trading Corporation of India Ltd
- Jorong Barutama Greston.PT - Indonesia
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- Bhoruka Overseas - Indonesia
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Maheswari Brothers Coal Limited - India
- Mercator Lines Limited - India
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Deloitte Consulting - India
- Parliament of New Zealand
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- Coastal Gujarat Power Limited - India
|
| |
| |
|
