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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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Wednesday, 20 May 15
TANKER MARKET INSIGHT - JOHN N. COTZIAS
Since Early October 2014 the tanker market has been experiencing a very positive momentum and has continued its strong performance so far in 2015. ...
Wednesday, 20 May 15
FOB RICHARDS BAY COAL SWAPS GAINED M-O-M, W-O-W
COALspot.com: API4 FOB Richards Bay Coal swap for delivery Q3' 2015 increased month over month and week over week.
The Q3 swap has increas ...
Wednesday, 20 May 15
BUKIT ASAM'S AVERAGE EXPORT PRICE WAS UNDER PRESSURE DURING Q1
COALspot.com: Indonesia’s state owned coal producer saw their profits fall in the first quarter of the year compared to the same period last ...
Wednesday, 20 May 15
IRON ORE PRICES TO REMAIN WEAK ON LOW DEMAND, HIGH OUTPUT - FITCH
Iron ore prices will stay low for several years due to increasing supply, weak demand growth in China and the slower-than-expected closure of high- ...
Tuesday, 19 May 15
KOMIPO IS SEEKING TOTAL 2.34 MMT OF HCV AND LCV COAL FOR 2015 - 2017
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued an new tender to buy total 2.34 million Metric Tons (MT) of HCV ...
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- CNBM International Corporation - China
- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- Savvy Resources Ltd - HongKong
- AsiaOL BioFuels Corp., Philippines
- Heidelberg Cement - Germany
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Meenaskhi Energy Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Mintek Dendrill Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- GVK Power & Infra Limited - India
- OPG Power Generation Pvt Ltd - India
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Bhatia International Limited - India
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- International Coal Ventures Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Price Waterhouse Coopers - Russia
- Ministry of Transport, Egypt
- New Zealand Coal & Carbon
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Port Waratah Coal Services - Australia
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Thiess Contractors Indonesia
- Therma Luzon, Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Carbofer General Trading SA - India
- Energy Link Ltd, New Zealand
- PTC India Limited - India
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Merrill Lynch Commodities Europe
- Asmin Koalindo Tuhup - Indonesia
- Siam City Cement PLC, Thailand
- Makarim & Taira - Indonesia
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- Salva Resources Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Electricity Generating Authority of Thailand
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Chamber of Mines of South Africa
- Deloitte Consulting - India
- Mjunction Services Limited - India
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- Star Paper Mills Limited - India
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- White Energy Company Limited
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- IEA Clean Coal Centre - UK
- Bukit Makmur.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Vizag Seaport Private Limited - India
- PowerSource Philippines DevCo
- India Bulls Power Limited - India
- Kobexindo Tractors - Indoneisa
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Lanco Infratech Ltd - India
- Pendopo Energi Batubara - Indonesia
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- Economic Council, Georgia
- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- Directorate Of Revenue Intelligence - India
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- PNOC Exploration Corporation - Philippines
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Ambuja Cements Ltd - India
- Parliament of New Zealand
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
- Iligan Light & Power Inc, Philippines
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Bhoruka Overseas - Indonesia
- MS Steel International - UAE
- Simpson Spence & Young - Indonesia
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Indika Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Jindal Steel & Power Ltd - India
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- Kaltim Prima Coal - Indonesia
- Australian Coal Association
- Barasentosa Lestari - Indonesia
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- Indogreen Group - Indonesia
- Vedanta Resources Plc - India
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- Aboitiz Power Corporation - Philippines
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Eastern Coal Council - USA
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- Grasim Industreis Ltd - India
- Jaiprakash Power Ventures ltd
- Mercator Lines Limited - India
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- Karbindo Abesyapradhi - Indoneisa
- Sical Logistics Limited - India
- Leighton Contractors Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Alfred C Toepfer International GmbH - Germany
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- Trasteel International SA, Italy
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