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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 $10 million. It has annual capacity of 4 million tonnes.
Mr Chanin also said the company's Jorong mine in Indonesia would resume operations in late September after being halted since February by the government because of forest encroachment. Authorities have been working with miners to clarify new operating rules.
"Indonesian coal mines are our major revenue contributor. The [total] coal sales target has been maintained at 23 million tonnes this year," he added.
CIMB-GK Securities (Thailand) has downgraded Banpu's 2010 net profit forecast by 1.4% to 14.6 billion baht following the revision of the Daning figures.
BANPU shares closed yesterday on the SET at 620 baht, down 10 baht, in trade worth 793.3 million baht.
Source: Bangkok Post
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Tuesday, 09 June 15
FOB RICHARDS BAY COAL SWAPS DECLINED M-O-M, W-O-W
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q3' 2015 declined month over month and week over week.
The Q3 swap was fell US$ ...
Monday, 08 June 15
SHIPPING FLEET GROWTH HAS STARTED TO SLOW DOWN, AS NEWBUILDINGS AMOUNT TO JUST 329 SHIPS OF ALL TYPES SINCE THE START OF 2015 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Challenging market conditions have led to the inevitable reconsideration of ship owners’ priorities. Uncertainty has been the norm over the p ...
Monday, 08 June 15
API 5 FOB NEWCASTLE COAL SWAPS ADVANCED M-O-M AND W-O-W
COALspot.com: API 5 FOB Newcastle Coal swap for Q3’ 2015 delivery increased US$ 0.65 per MT (1.44%) month over month to US$ 45.65 per mt. The ...
Monday, 08 June 15
Q3'15 CFR SOUTH CHINA COAL SWAP ADVANCED 3.51% TO $52.48 PMT THIS PAST WEEK
COALspot.com: API 8 CFR South China Coal swap for Q3’ 2015 delivery rose US$ 1.78 (3.51%) per MT month over month.
A commodity swap is a ...
Sunday, 07 June 15
PANAMAX INDEX ROSE OVER 13% THIS WEEK
COALspot.com: The freight market was up on all segments this past week. The BDI was advanced 3.56% and closed at 610 points. The Cape Index was cli ...
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- CIMB Investment Bank - Malaysia
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Tamil Nadu electricity Board
- London Commodity Brokers - England
- Siam City Cement - Thailand
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Ministry of Mines - Canada
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ambuja Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMG Consultants - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining Corp, Philippines
- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- Formosa Plastics Group - Taiwan
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
- Pendopo Energi Batubara - Indonesia
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Medco Energi Mining Internasional
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Coal and Oil Company - UAE
- Orica Mining Services - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate Of Revenue Intelligence - India
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- SN Aboitiz Power Inc, Philippines
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Larsen & Toubro Limited - India
- Marubeni Corporation - India
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- Australian Commodity Traders Exchange
- Intertek Mineral Services - Indonesia
- New Zealand Coal & Carbon
- Gujarat Sidhee Cement - India
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Kepco SPC Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Ind-Barath Power Infra Limited - India
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- TeaM Sual Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Samtan Co., Ltd - South Korea
- Malabar Cements Ltd - India
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- India Bulls Power Limited - India
- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- GVK Power & Infra Limited - India
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- Banpu Public Company Limited - Thailand
- Australian Coal Association
- Baramulti Group, Indonesia
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- Central Java Power - Indonesia
- Power Finance Corporation Ltd., India
- GAC Shipping (India) Pvt Ltd
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- Aditya Birla Group - India
- Latin American Coal - Colombia
- Sindya Power Generating Company Private Ltd
- Sree Jayajothi Cements Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Agrawal Coal Company - India
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- PTC India Limited - India
- White Energy Company Limited
- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- Kalimantan Lumbung Energi - Indonesia
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- Timah Investasi Mineral - Indoneisa
- Jindal Steel & Power Ltd - India
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- MS Steel International - UAE
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Indika Energy - Indonesia
- Planning Commission, India
- Siam City Cement PLC, Thailand
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Cigading International Bulk Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Mjunction Services Limited - India
- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Energy Link Ltd, New Zealand
- Mintek Dendrill Indonesia
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
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