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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 $10 million. It has annual capacity of 4 million tonnes.
Mr Chanin also said the company's Jorong mine in Indonesia would resume operations in late September after being halted since February by the government because of forest encroachment. Authorities have been working with miners to clarify new operating rules.
"Indonesian coal mines are our major revenue contributor. The [total] coal sales target has been maintained at 23 million tonnes this year," he added.
CIMB-GK Securities (Thailand) has downgraded Banpu's 2010 net profit forecast by 1.4% to 14.6 billion baht following the revision of the Daning figures.
BANPU shares closed yesterday on the SET at 620 baht, down 10 baht, in trade worth 793.3 million baht.
Source: Bangkok Post
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Monday, 02 February 15
INDONESIA'S ADARO ENERGY PRODUCED 56.21 MILLION TONNES OF COAL IN 2014; UP 8% Y-O-Y
COALspot.com: PT. Adaro Energy, Indonesia’s largest coal producer, has increased coal production by 8% to 56.21 million tonnes (Mt) from both ...
Monday, 02 February 15
API 8 CFR SOUTH CHINA COAL SWAP PICKS UP W-O-W
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery declined US$ 0.81 (-1.36%) per MT month over month and gained US$ 0.18&nb ...
Monday, 02 February 15
SOUTH KOREA'S KOMIPO INVITES BIDS FOR 280K MT OF SUB-BITUMINOUS COAL
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued an new tender to buy total 280,000 MT of Sub-bituminous coal coa ...
Sunday, 01 February 15
INDONESIA-TO-INDIA COAL FREIGHT RATES REMAIN WEAK NEXT WEEK
COALspot.com: The BDI continued its fall reached lowest levels since 1986 this week.
The BDI declined 15.55 pct to 608 points on Friday 30, Ja ...
Friday, 30 January 15
CONTANGO AND TANKERS - SKULD
KNOWLEDGE TO ELEVATE
Like an invitation to a dance, the word contango may have some people flustered, but for tanker owners this market phenome ...
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- Sarangani Energy Corporation, Philippines
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Sical Logistics Limited - India
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sindya Power Generating Company Private Ltd
- International Coal Ventures Pvt Ltd - India
- Romanian Commodities Exchange
- Eastern Coal Council - USA
- Deloitte Consulting - India
- White Energy Company Limited
- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Siam City Cement PLC, Thailand
- The Treasury - Australian Government
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Maharashtra Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Karaikal Port Pvt Ltd - India
- Coalindo Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- India Bulls Power Limited - India
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Indian Energy Exchange, India
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- Meenaskhi Energy Private Limited - India
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Uttam Galva Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Marubeni Corporation - India
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- Tamil Nadu electricity Board
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Parliament of New Zealand
- Singapore Mercantile Exchange
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Mercator Lines Limited - India
- Global Coal Blending Company Limited - Australia
- Kepco SPC Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- Baramulti Group, Indonesia
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- Australian Coal Association
- Sakthi Sugars Limited - India
- Global Green Power PLC Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- PTC India Limited - India
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- MS Steel International - UAE
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- Semirara Mining and Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- PetroVietnam Power Coal Import and Supply Company
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- The University of Queensland
- Manunggal Multi Energi - Indonesia
- New Zealand Coal & Carbon
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- PNOC Exploration Corporation - Philippines
- Borneo Indobara - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Coastal Gujarat Power Limited - India
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- ICICI Bank Limited - India
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
- Bhatia International Limited - India
- Tata Chemicals Ltd - India
- Eastern Energy - Thailand
- Maheswari Brothers Coal Limited - India
- Dalmia Cement Bharat India
- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Petrochimia International Co. Ltd.- Taiwan
- Central Java Power - Indonesia
- Medco Energi Mining Internasional
- Heidelberg Cement - Germany
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Chamber of Mines of South Africa
- GMR Energy Limited - India
- Vedanta Resources Plc - India
- Toyota Tsusho Corporation, Japan
- Kartika Selabumi Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- San Jose City I Power Corp, Philippines
- GVK Power & Infra Limited - India
- Intertek Mineral Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Renaissance Capital - South Africa
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- Salva Resources Pvt Ltd - India
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
- Mercuria Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- Posco Energy - South Korea
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- Star Paper Mills Limited - India
- Petron Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Africa Commodities Group - South Africa
- Pendopo Energi Batubara - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Energy Development Corp, Philippines
- Essar Steel Hazira Ltd - India
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- Lanco Infratech Ltd - India
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- VISA Power Limited - India
- Merrill Lynch Commodities Europe
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- Power Finance Corporation Ltd., India
- CNBM International Corporation - China
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Trasteel International SA, Italy
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- Wood Mackenzie - Singapore
- Aboitiz Power Corporation - Philippines
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