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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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Friday, 24 April 15
CHINA IRON ORE MINE CLOSURES TO SLOW ON GOVERNMENT SUPPORT - FITCH
Fitch Ratings expects fewer Chinese iron ore mine closures in 2015 as the government takes steps to support the industry, which has been struggling ...
Friday, 24 April 15
IS INDIA THE 'NEW CHINA' WHEN IT COMES TO THE DRY BULK MARKET? - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been feeling the “heat” of China’s slowdown and together with the industry’s own failings, with ove ...
Friday, 24 April 15
GLOBAL STEEL PRODUCTION OUTSIDE OF CHINA CONTINUES TO FARE VERY POORLY - JEFFREY LANDSBERG
COALspot.com: Data released this week showed that global crude steel production totaled approximately 138.05 million tons in March.
Wha ...
Friday, 24 April 15
WEEKLY U.S. COAL PRODUCTION ESTIMATE FALLS 5.7% FROM LAST WEEK
COALspot.com – United States the second largest coal producer in the world has produced approximately totaled an estimated 17.0 million short ...
Wednesday, 22 April 15
PANAMAX : ATLANTIC HOLDING ON TO THE GAINS OF THE PREVIOUS WEEK; PACIFIC BUSINESS SLID QUIETLY
COALspot.com: The Dry Bulk market managed to close off the week on a positive note last Friday, while as opposed to what we have been used to, it w ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- Bhoruka Overseas - Indonesia
- CIMB Investment Bank - Malaysia
- Romanian Commodities Exchange
- PTC India Limited - India
- Indian Energy Exchange, India
- Sojitz Corporation - Japan
- Kepco SPC Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Aditya Birla Group - India
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- Bukit Baiduri Energy - Indonesia
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Sical Logistics Limited - India
- Bharathi Cement Corporation - India
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Formosa Plastics Group - Taiwan
- The University of Queensland
- SN Aboitiz Power Inc, Philippines
- New Zealand Coal & Carbon
- White Energy Company Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Petron Corporation, Philippines
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- Georgia Ports Authority, United States
- Bhushan Steel Limited - India
- Toyota Tsusho Corporation, Japan
- Kapuas Tunggal Persada - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- Cigading International Bulk Terminal - Indonesia
- Singapore Mercantile Exchange
- Ministry of Transport, Egypt
- Merrill Lynch Commodities Europe
- Siam City Cement - Thailand
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Mercator Lines Limited - India
- Globalindo Alam Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Barasentosa Lestari - Indonesia
- Orica Australia Pty. Ltd.
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Australian Coal Association
- Bahari Cakrawala Sebuku - Indonesia
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- Mjunction Services Limited - India
- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Karbindo Abesyapradhi - Indoneisa
- Bulk Trading Sa - Switzerland
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- VISA Power Limited - India
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- Central Java Power - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- ASAPP Information Group - India
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- Energy Link Ltd, New Zealand
- Parliament of New Zealand
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- SMG Consultants - Indonesia
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Orica Mining Services - Indonesia
- Anglo American - United Kingdom
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- Tata Chemicals Ltd - India
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Uttam Galva Steels Limited - India
- Banpu Public Company Limited - Thailand
- Malabar Cements Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- AsiaOL BioFuels Corp., Philippines
- GAC Shipping (India) Pvt Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Wilmar Investment Holdings
- Manunggal Multi Energi - Indonesia
- Simpson Spence & Young - Indonesia
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- Jaiprakash Power Ventures ltd
- Attock Cement Pakistan Limited
- Cement Manufacturers Association - India
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- Bhatia International Limited - India
- Binh Thuan Hamico - Vietnam
- Bukit Makmur.PT - Indonesia
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- Madhucon Powers Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- ICICI Bank Limited - India
- Gujarat Mineral Development Corp Ltd - India
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