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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 $10 million. It has annual capacity of 4 million tonnes.
Mr Chanin also said the company's Jorong mine in Indonesia would resume operations in late September after being halted since February by the government because of forest encroachment. Authorities have been working with miners to clarify new operating rules.
"Indonesian coal mines are our major revenue contributor. The [total] coal sales target has been maintained at 23 million tonnes this year," he added.
CIMB-GK Securities (Thailand) has downgraded Banpu's 2010 net profit forecast by 1.4% to 14.6 billion baht following the revision of the Daning figures.
BANPU shares closed yesterday on the SET at 620 baht, down 10 baht, in trade worth 793.3 million baht.
Source: Bangkok Post
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Monday, 30 March 15
WORST IS OVER FOR THE DRY BULK MARKET, BUT THE PAIN WILL REMAIN FOR YEARS TO COME, SAYS BIMCO CHIEF ANALYST - HELLENIC SHIPPING
The current demise of the dry bulk market isn’t one to go away anytime soon. That doesn’t mean that it can’t improve, with all sh ...
Monday, 30 March 15
Q3' 15 CFR SOUTH CHINA COAL SWAP: DECLINED 8.7% M-M; 12.77% Y-TO-D
COALspot.com: API 8 CFR South China Coal swap for Q2’ 2015 delivery declined US$ 5.00 (-8.70%) per MT month over month and US$ 1.33 (-2 ...
Monday, 30 March 15
Q2' FOB NEWCASTLE COAL SWAP CLOSED 4.47% HIGHER THAN Q4' CLOSING PRICE
COALspot.com: API 5 FOB Newcastle Coal swap for Q2’ 2015 delivery declined US$ 5.42 per MT (-10.43%) month over month and US$ 1.60 (-3.32%) w ...
Sunday, 29 March 15
INDO - INDIA: SUPRAMAX & PANAMAX FREIGHT MARKET STEADY
COALspot.com: The freight market was almost stable as all segments slightly up except Panamax sector.
The BDI was up by just 0.85% week over w ...
Saturday, 28 March 15
IS NORTHERN EUROPE THE NEW MINING ELDORADO?
The Europe Mining 2015 Summit, organised by Global Summits organizer IRN on 17-18 June in Amsterdam, The Netherlands, will gather senior level repr ...
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- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- Economic Council, Georgia
- Bhatia International Limited - India
- Energy Development Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Latin American Coal - Colombia
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Orica Australia Pty. Ltd.
- India Bulls Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- PowerSource Philippines DevCo
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
- Bayan Resources Tbk. - Indonesia
- European Bulk Services B.V. - Netherlands
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Coalindo Energy - Indonesia
- Australian Coal Association
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- Chamber of Mines of South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
- Central Java Power - Indonesia
- Bukit Baiduri Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Electricity Generating Authority of Thailand
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Kumho Petrochemical, South Korea
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Savvy Resources Ltd - HongKong
- Star Paper Mills Limited - India
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Kartika Selabumi Mining - Indonesia
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Ministry of Transport, Egypt
- Jaiprakash Power Ventures ltd
- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Indian Oil Corporation Limited
- Global Coal Blending Company Limited - Australia
- Videocon Industries ltd - India
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Malabar Cements Ltd - India
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- Barasentosa Lestari - Indonesia
- CNBM International Corporation - China
- Globalindo Alam Lestari - Indonesia
- Trasteel International SA, Italy
- Bhoruka Overseas - Indonesia
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- Siam City Cement PLC, Thailand
- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
- The University of Queensland
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Grasim Industreis Ltd - India
- Karaikal Port Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Sree Jayajothi Cements Limited - India
- Interocean Group of Companies - India
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- Baramulti Group, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
- Tamil Nadu electricity Board
- Meralco Power Generation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Port Waratah Coal Services - Australia
- The Treasury - Australian Government
- Romanian Commodities Exchange
- VISA Power Limited - India
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- ASAPP Information Group - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Commonwealth Bank - Australia
- Uttam Galva Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- Parliament of New Zealand
- New Zealand Coal & Carbon
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Formosa Plastics Group - Taiwan
- Price Waterhouse Coopers - Russia
- Electricity Authority, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Eastern Coal Council - USA
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- PTC India Limited - India
- Indika Energy - Indonesia
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Miang Besar Coal Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Straits Asia Resources Limited - Singapore
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- Petron Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- Antam Resourcindo - Indonesia
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