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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, 26 July 15
INDO-INDIA OCEAN COAL FREIGHT RATES REMAIN STEADY
COALspot.com: The freight market continued lost steam towards end of the week and all indices were showing downward trend.
The BDI was up by 3 ...
Friday, 24 July 15
U.S PRODUCED 17.2 MMST OF COAL FOR THE WEEK ENDED JULY 18; FELL 11.5% YEAR ON YEAR
COALspot.com – United States the world’s second largest coal producer has produced approximately totaled an estimated 17.2 million shor ...
Friday, 24 July 15
THE IMPACT OF COLLAPSING CHINESE COAL IMPORTS - CLARKSONS
Global seaborne coal trade is currently projected to drop 1% y-o-y in 2015, which would be the first annual decline in almost three decades. The dr ...
Thursday, 23 July 15
ELEVEN NEW NICKEL SMELTERS ARE TO BE BUILT IN INDONESIA OVER THE NEXT TWO YEARS AT A COST OF $1.4 BILLION
Indonesia’s Most Reputable Nickel Event
Eleven new nickel smelters are to be built in Indonesia over the next two years at a cost of $1. ...
Thursday, 23 July 15
THE CAPESIZE SEGMENT KEPT FOUNDING SUPPORT ON INCREASED DEMAND FROM CHINESE STEEL MILLS - INTERMODAL
The Dry Bulk market closed off on Friday (17July 2015) noting substantial gains and the BDI surpassing the 1,000 points level for the first time af ...
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- Simpson Spence & Young - Indonesia
- Grasim Industreis Ltd - India
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sinarmas Energy and Mining - Indonesia
- Latin American Coal - Colombia
- McConnell Dowell - Australia
- Africa Commodities Group - South Africa
- Semirara Mining and Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Timah Investasi Mineral - Indoneisa
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- International Coal Ventures Pvt Ltd - India
- Agrawal Coal Company - India
- Videocon Industries ltd - India
- MS Steel International - UAE
- White Energy Company Limited
- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- Sojitz Corporation - Japan
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Planning Commission, India
- Posco Energy - South Korea
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
- Bharathi Cement Corporation - India
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Lanco Infratech Ltd - India
- Marubeni Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Straits Asia Resources Limited - Singapore
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Ambuja Cements Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- Medco Energi Mining Internasional
- Australian Coal Association
- Energy Development Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CNBM International Corporation - China
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Price Waterhouse Coopers - Russia
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- Electricity Generating Authority of Thailand
- Jorong Barutama Greston.PT - Indonesia
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- The University of Queensland
- India Bulls Power Limited - India
- The Treasury - Australian Government
- Global Green Power PLC Corporation, Philippines
- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- Sarangani Energy Corporation, Philippines
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- Economic Council, Georgia
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- Bukit Baiduri Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
- Parry Sugars Refinery, India
- Carbofer General Trading SA - India
- TNB Fuel Sdn Bhd - Malaysia
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Indian Energy Exchange, India
- CIMB Investment Bank - Malaysia
- Renaissance Capital - South Africa
- Kideco Jaya Agung - Indonesia
- Wood Mackenzie - Singapore
- GMR Energy Limited - India
- Trasteel International SA, Italy
- Electricity Authority, New Zealand
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- Leighton Contractors Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Maharashtra Electricity Regulatory Commission - India
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- Indika Energy - Indonesia
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
- Bhatia International Limited - India
- Siam City Cement PLC, Thailand
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- Petrochimia International Co. Ltd.- Taiwan
- PNOC Exploration Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Sindya Power Generating Company Private Ltd
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- Parliament of New Zealand
- Thai Mozambique Logistica
- GVK Power & Infra Limited - India
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- Riau Bara Harum - Indonesia
- Metalloyd Limited - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- Standard Chartered Bank - UAE
- Miang Besar Coal Terminal - Indonesia
- Central Java Power - Indonesia
- Rio Tinto Coal - Australia
- Commonwealth Bank - Australia
- Independent Power Producers Association of India
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