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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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Thursday, 18 June 15
MERCATOR'S KAMSARMAX FIXED WITH CLEARLAKE
COALspot.com: Mercator Lines (Singapore) Limited, a leading Indian-owned international dry bulk shipping company focused on markets such as India, ...
Wednesday, 17 June 15
PANAMAX RATE AVERAGED $22.82 PMT IN THE FIRST 10 DAYS OF JUNE FOR THE GRAIN ROUTE FROM SANTOS, BRAZIL, TO QINGDAO, CHINA - INTERMODAL
This year, Brazil will be exporting a record 96 million tons of soybean crop and starting in August the country will begin shipping a second corn c ...
Tuesday, 16 June 15
MERS: POTENTIAL CHARTERPARTY IMPLICATIONS - CLYDE & CO
KNOWLEDGE TO ELEVATE
South Korea's current outbreak of Middle East Respiratory Syndrome (MERS) has been the focus of much international at ...
Tuesday, 16 June 15
Q3 FOB INDONESIA COAL SWAP PRICE DOWN 50 CENTS OVER PAST WEEK
COALspot.com: Indonesian coal swap for delivery Q3 2015 gains month on month but declined week over week, this past week.
The Q3 swap was clim ...
Tuesday, 16 June 15
FOB RICHARDS BAY COAL SWAPS: PRICES MOVED UP ON THE WEEK
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q3' 2015 rose month over month and week over week.
The Q3 swap was up US$ 1.70 ...
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- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
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- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Sindya Power Generating Company Private Ltd
- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- SN Aboitiz Power Inc, Philippines
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Thai Mozambique Logistica
- Vijayanagar Sugar Pvt Ltd - India
- Central Java Power - Indonesia
- Siam City Cement PLC, Thailand
- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- Barasentosa Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Meenaskhi Energy Private Limited - India
- Semirara Mining Corp, Philippines
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Bayan Resources Tbk. - Indonesia
- Star Paper Mills Limited - India
- Bangladesh Power Developement Board
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- Marubeni Corporation - India
- Ambuja Cements Ltd - India
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Eastern Coal Council - USA
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- Gujarat Mineral Development Corp Ltd - India
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- London Commodity Brokers - England
- Energy Development Corp, Philippines
- Kumho Petrochemical, South Korea
- Edison Trading Spa - Italy
- Riau Bara Harum - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhatia International Limited - India
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- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Anglo American - United Kingdom
- Renaissance Capital - South Africa
- Global Business Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- Directorate Of Revenue Intelligence - India
- Neyveli Lignite Corporation Ltd, - India
- New Zealand Coal & Carbon
- Eastern Energy - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rio Tinto Coal - Australia
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Parliament of New Zealand
- Wood Mackenzie - Singapore
- Vizag Seaport Private Limited - India
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
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- Global Coal Blending Company Limited - Australia
- Power Finance Corporation Ltd., India
- Leighton Contractors Pty Ltd - Australia
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- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
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- Tamil Nadu electricity Board
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- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- Timah Investasi Mineral - Indoneisa
- India Bulls Power Limited - India
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
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- Simpson Spence & Young - Indonesia
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- Tata Chemicals Ltd - India
- Parry Sugars Refinery, India
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- AsiaOL BioFuels Corp., Philippines
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- Africa Commodities Group - South Africa
- ICICI Bank Limited - India
- Goldman Sachs - Singapore
- GMR Energy Limited - India
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- OPG Power Generation Pvt Ltd - India
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Bharathi Cement Corporation - India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
- Carbofer General Trading SA - India
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- Interocean Group of Companies - India
- Australian Coal Association
- Medco Energi Mining Internasional
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- Latin American Coal - Colombia
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- Intertek Mineral Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- VISA Power Limited - India
- Therma Luzon, Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Uttam Galva Steels Limited - India
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
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- Gujarat Sidhee Cement - India
- Wilmar Investment Holdings
- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- The University of Queensland
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- Mjunction Services Limited - India
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- Iligan Light & Power Inc, Philippines
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- Semirara Mining and Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Sinarmas Energy and Mining - Indonesia
- ASAPP Information Group - India
- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Sree Jayajothi Cements Limited - India
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- Singapore Mercantile Exchange
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- Price Waterhouse Coopers - Russia
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
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