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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, 21 January 15
PANAMAX MARKET MOVED SIDEWAYS OVERALL LAST WEEK - INTERMODAL
COALspot.com: The positive sentiment in which the week prior ended carried on through-out last week as well, the end of which marked the first posi ...
Wednesday, 21 January 15
SHIFT IN INTERNATIONAL COAL TRADE TO THE PACIFIC BASIN WILL CONTINUE - IMF
COALspot.com: The shift in international coal trade to the Pacific Basin will continue, IMF said in its latest Medium-Term Coal Market Report.
...
Wednesday, 21 January 15
MARKET INSIGHT - VASSILIS LOGOTHETIS, INTERMODAL
The World Bank has lowered its forecast for global growth in 2015 to 3% down from its previous level of 3.4% amid rising concerns over the economic ...
Wednesday, 21 January 15
THERMAL COAL PRICE OUTLOOK DEPENDENT ON INDIAN IMPORT DEMAND - MATTHEW BOYLE, CRU
COALspot.com: Supply and demand side developments in India will be an important determinant of future market dynamics and prices for thermal coal a ...
Wednesday, 21 January 15
PORT OF NEWCASTLE COAL EXPORTS JUMP 16.19% ON MONTH TO 15.80 MIL MT IN DECEMBER' 14
COALspot.com: The Port of Newcastle, Australia’s major trading ports and the world’s largest coal export port, has shipped $1.136 billi ...
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- Bahari Cakrawala Sebuku - Indonesia
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Baramulti Group, Indonesia
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Parliament of New Zealand
- Metalloyd Limited - United Kingdom
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- GMR Energy Limited - India
- European Bulk Services B.V. - Netherlands
- Oldendorff Carriers - Singapore
- Minerals Council of Australia
- White Energy Company Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- LBH Netherlands Bv - Netherlands
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- Eastern Energy - Thailand
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- SMC Global Power, Philippines
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
- Interocean Group of Companies - India
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Bulk Trading Sa - Switzerland
- Sarangani Energy Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- Georgia Ports Authority, United States
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- SMG Consultants - Indonesia
- Ministry of Finance - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Savvy Resources Ltd - HongKong
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- PTC India Limited - India
- Tamil Nadu electricity Board
- Gujarat Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- PNOC Exploration Corporation - Philippines
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- Vizag Seaport Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Indian Energy Exchange, India
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- MS Steel International - UAE
- Energy Development Corp, Philippines
- The University of Queensland
- Kaltim Prima Coal - Indonesia
- Mjunction Services Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Ind-Barath Power Infra Limited - India
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- Iligan Light & Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- Carbofer General Trading SA - India
- Port Waratah Coal Services - Australia
- Mercator Lines Limited - India
- VISA Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Energy Link Ltd, New Zealand
- Coalindo Energy - Indonesia
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- Ministry of Mines - Canada
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- Mintek Dendrill Indonesia
- Ministry of Transport, Egypt
- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
- Attock Cement Pakistan Limited
- ICICI Bank Limited - India
- Simpson Spence & Young - Indonesia
- Australian Coal Association
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- Bhatia International Limited - India
- Bharathi Cement Corporation - India
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bhushan Steel Limited - India
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bangladesh Power Developement Board
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- GVK Power & Infra Limited - India
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Borneo Indobara - Indonesia
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- Orica Australia Pty. Ltd.
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Indonesian Coal Mining Association
- Malabar Cements Ltd - India
- Sree Jayajothi Cements Limited - India
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- Bayan Resources Tbk. - Indonesia
- London Commodity Brokers - England
- Aditya Birla Group - India
- Leighton Contractors Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Miang Besar Coal Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- Krishnapatnam Port Company Ltd. - India
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Edison Trading Spa - Italy
- Karbindo Abesyapradhi - Indoneisa
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- Standard Chartered Bank - UAE
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- Indogreen Group - Indonesia
- Meralco Power Generation, Philippines
- Planning Commission, India
- Heidelberg Cement - Germany
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Larsen & Toubro Limited - India
- TeaM Sual Corporation - Philippines
- Mercuria Energy - Indonesia
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