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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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Monday, 13 July 15
THE DRY BULK MARKET CLOSED ON A POSITIVE TONE THIS PAST WEEK
COALspot.com: Despite Greece crisis and turmoil in the stock market across the world , the freight market overall was firm and up in all segments t ...
Sunday, 12 July 15
SHIPYARD NOT LIABLE FOR ENGINE ROOM FIRE CAUSED BY OIL LEAKAGE - BIRCH WINDAHL
KNOWLEDGE TO ELEVATE
A Danish vessel owner requested a Danish shipyard to undertake repairs and maintenance works on its vessel. An agreement ...
Saturday, 11 July 15
MAJOR IRANIAN GAS EXPORTS WILL TAKE AT LEAST FIVE YEARS - FITCH
Iran has the long-term potential to become one of the world's top gas producers, thanks to its 34 trillion cubic meters (tcm) of natural gas re ...
Friday, 10 July 15
DRY BULK MARKET KEEPS POSITIVE MOMENTUM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept its positive momentum over the course of the past few days, thanks to Panamax gains. During yesterday’s session ...
Friday, 10 July 15
U.S PRODUCED APPROXIMATELY TOTALED AN ESTIMATED 14.1 MMST WEEK OVER WEEK - EIA
COALspot.com – United States the second largest coal producer in the world has produced approximately totaled an estimated 14.1 million short ...
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- Manunggal Multi Energi - Indonesia
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rashtriya Ispat Nigam Limited - India
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- Kartika Selabumi Mining - Indonesia
- Independent Power Producers Association of India
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- Cement Manufacturers Association - India
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- Ceylon Electricity Board - Sri Lanka
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- PTC India Limited - India
- Iligan Light & Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Bulk Trading Sa - Switzerland
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- Toyota Tsusho Corporation, Japan
- India Bulls Power Limited - India
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Eastern Energy - Thailand
- International Coal Ventures Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- Ministry of Transport, Egypt
- Meralco Power Generation, Philippines
- New Zealand Coal & Carbon
- Bhatia International Limited - India
- Central Electricity Authority - India
- The University of Queensland
- Gujarat Sidhee Cement - India
- Global Coal Blending Company Limited - Australia
- Bhoruka Overseas - Indonesia
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- Georgia Ports Authority, United States
- Coal and Oil Company - UAE
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- Leighton Contractors Pty Ltd - Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Makarim & Taira - Indonesia
- Central Java Power - Indonesia
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- Bharathi Cement Corporation - India
- Metalloyd Limited - United Kingdom
- Sakthi Sugars Limited - India
- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- Therma Luzon, Inc, Philippines
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- Electricity Generating Authority of Thailand
- Semirara Mining Corp, Philippines
- Uttam Galva Steels Limited - India
- Eastern Coal Council - USA
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Globalindo Alam Lestari - Indonesia
- Larsen & Toubro Limited - India
- Anglo American - United Kingdom
- Wilmar Investment Holdings
- Lanco Infratech Ltd - India
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- McConnell Dowell - Australia
- Aditya Birla Group - India
- IEA Clean Coal Centre - UK
- Romanian Commodities Exchange
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Orica Mining Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Posco Energy - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
- South Luzon Thermal Energy Corporation
- Coalindo Energy - Indonesia
- Standard Chartered Bank - UAE
- Bhushan Steel Limited - India
- Videocon Industries ltd - India
- Marubeni Corporation - India
- Port Waratah Coal Services - Australia
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- Indonesian Coal Mining Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- San Jose City I Power Corp, Philippines
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- Agrawal Coal Company - India
- Thiess Contractors Indonesia
- The Treasury - Australian Government
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Minerals Council of Australia
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- MS Steel International - UAE
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- SMC Global Power, Philippines
- Ind-Barath Power Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- Renaissance Capital - South Africa
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Vijayanagar Sugar Pvt Ltd - India
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- Antam Resourcindo - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
- Siam City Cement - Thailand
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- Interocean Group of Companies - India
- White Energy Company Limited
- Formosa Plastics Group - Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- Global Green Power PLC Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Savvy Resources Ltd - HongKong
- Petron Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Star Paper Mills Limited - India
- Heidelberg Cement - Germany
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Sinarmas Energy and Mining - Indonesia
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