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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 $10 million. It has annual capacity of 4 million tonnes.
Mr Chanin also said the company's Jorong mine in Indonesia would resume operations in late September after being halted since February by the government because of forest encroachment. Authorities have been working with miners to clarify new operating rules.
"Indonesian coal mines are our major revenue contributor. The [total] coal sales target has been maintained at 23 million tonnes this year," he added.
CIMB-GK Securities (Thailand) has downgraded Banpu's 2010 net profit forecast by 1.4% to 14.6 billion baht following the revision of the Daning figures.
BANPU shares closed yesterday on the SET at 620 baht, down 10 baht, in trade worth 793.3 million baht.
Source: Bangkok Post
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Monday, 05 January 15
CFR SOUTH CHINA COAL SWAPS GAINED WEEK OVER WEEK, SGX DATA SHOWS
COALspot.com: API 8 CFR South China Coal swap for Q1’ 2015 delivery has decreased by US$ 2.50 (-4.02%) month over month and gained US$ 0.20 ( ...
Monday, 05 January 15
FIVE ENERGY SURPRISES FOR 2015: THE POSSIBLE AND THE IMPROBABLE - KURT COBB
The coming year is likely to be as full of surprises in the field of energy as 2014 was. We just don't know which surprises! I am not predictin ...
Monday, 05 January 15
THE SHIPPING MARKET IN 2014 AND LOOKING FORWARD - BIMCO
2014 started with plenty of optimism for a considerably better global economy and an improved shipping market. Things turned out somewhat different ...
Monday, 05 January 15
API 5 FOB NEWCASTLE COAL SWAP FOR Q1'15 DELIVERY CLOSED US$ 0.45 HIGHER COMPARED TO Q2'15 CLOSING
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery lost US$ 0.60 per MT (-1.15%) month over month and gained US$ 0.02 (+0.04%) ...
Sunday, 04 January 15
BALTIC DRY INDEX CONTINUES ITS DECLINE IN 2015
Wish you all a very Happy New Year 2015. The last report was dated 19th Dec 2014 and due to Christmas and new year holidays no reports were publish ...
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- SMC Global Power, Philippines
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- Sarangani Energy Corporation, Philippines
- Planning Commission, India
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- The State Trading Corporation of India Ltd
- IEA Clean Coal Centre - UK
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- Energy Development Corp, Philippines
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- Tata Chemicals Ltd - India
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- Power Finance Corporation Ltd., India
- Parliament of New Zealand
- Kartika Selabumi Mining - Indonesia
- PNOC Exploration Corporation - Philippines
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- Ministry of Mines - Canada
- AsiaOL BioFuels Corp., Philippines
- Sical Logistics Limited - India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
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- Romanian Commodities Exchange
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- Sakthi Sugars Limited - India
- The Treasury - Australian Government
- Economic Council, Georgia
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- Baramulti Group, Indonesia
- Alfred C Toepfer International GmbH - Germany
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- Global Business Power Corporation, Philippines
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- Jorong Barutama Greston.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Electricity Generating Authority of Thailand
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- Interocean Group of Companies - India
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- Bhatia International Limited - India
- Latin American Coal - Colombia
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- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
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- India Bulls Power Limited - India
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- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bukit Makmur.PT - Indonesia
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- Medco Energi Mining Internasional
- Antam Resourcindo - Indonesia
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- Mercuria Energy - Indonesia
- Eastern Energy - Thailand
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
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- OPG Power Generation Pvt Ltd - India
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- Edison Trading Spa - Italy
- PTC India Limited - India
- Standard Chartered Bank - UAE
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- Kaltim Prima Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Grasim Industreis Ltd - India
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- European Bulk Services B.V. - Netherlands
- Banpu Public Company Limited - Thailand
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Straits Asia Resources Limited - Singapore
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- Eastern Coal Council - USA
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Carbofer General Trading SA - India
- Energy Link Ltd, New Zealand
- The University of Queensland
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- Australian Commodity Traders Exchange
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- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Makarim & Taira - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Deloitte Consulting - India
- Petrochimia International Co. Ltd.- Taiwan
- Binh Thuan Hamico - Vietnam
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- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- Iligan Light & Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- Minerals Council of Australia
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
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- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- Karaikal Port Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- Bulk Trading Sa - Switzerland
- GAC Shipping (India) Pvt Ltd
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- Singapore Mercantile Exchange
- LBH Netherlands Bv - Netherlands
- Indian Oil Corporation Limited
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- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
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