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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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Thursday, 13 November 14
MODERN DRY BULK SHIPS' PRICES START FIRMING UP - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
While the main story of the past few weeks has been the rebound of the dry bulk market, which has been a result of increased Chinese iron ore impor ...
Wednesday, 12 November 14
PANAMAX: WITNESSED A FAIRLY STABLE MARKET IN THE ATLANTIC
COALspot.com: Despite the fact that the Dry Bulk market noted another weekly increase, clouds of uncertainty returned mid-week onwards, as the mini ...
Wednesday, 12 November 14
SHIPPING MARKET INSIGHT - CHRISTOPHER T. WHITTY
COALspot.com: The fight continues between the low-cost iron ore producers and the big three: Vale, Rio Tinto and BHP Billiton. We are moving into a ...
Tuesday, 11 November 14
FACING CHALLENGES AND MEETING OPPORTUNITIES - INTERNATIONAL EPC CONFERENCE & EXHIBITION
Press Release: SKYCONNECTION and TRANSEVENT, which is fully supported by the Institution of Engineers Indonesia and Ministry of Industry of the Rep ...
Tuesday, 11 November 14
NEWCASTLE COAL SWAP CLOSED AT $ 52.65 FOR Q1' 15 DELIVERY
COALspot.com: API 5 FOB Newcastle Coal swap for Q1’ 2015 delivery decreased US$ 2.83 (-5.10%) month over month and US$ 1.35 (-2.50%) week ove ...
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- VISA Power Limited - India
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- The Treasury - Australian Government
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Toyota Tsusho Corporation, Japan
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- Standard Chartered Bank - UAE
- Carbofer General Trading SA - India
- Timah Investasi Mineral - Indoneisa
- Semirara Mining Corp, Philippines
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Bukit Makmur.PT - Indonesia
- Bhushan Steel Limited - India
- MS Steel International - UAE
- GMR Energy Limited - India
- Videocon Industries ltd - India
- Power Finance Corporation Ltd., India
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- Billiton Holdings Pty Ltd - Australia
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Eastern Energy - Thailand
- Posco Energy - South Korea
- SMC Global Power, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Georgia Ports Authority, United States
- Indo Tambangraya Megah - Indonesia
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Ministry of Finance - Indonesia
- Pendopo Energi Batubara - Indonesia
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- Kepco SPC Power Corporation, Philippines
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- Electricity Authority, New Zealand
- Bhatia International Limited - India
- Banpu Public Company Limited - Thailand
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Malabar Cements Ltd - India
- Indian Energy Exchange, India
- Kideco Jaya Agung - Indonesia
- PNOC Exploration Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Grasim Industreis Ltd - India
- Thiess Contractors Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- Gujarat Sidhee Cement - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- CIMB Investment Bank - Malaysia
- Sakthi Sugars Limited - India
- Binh Thuan Hamico - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bulk Trading Sa - Switzerland
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Economic Council, Georgia
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- Global Business Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- European Bulk Services B.V. - Netherlands
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- Vizag Seaport Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Mercuria Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Agrawal Coal Company - India
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- Indogreen Group - Indonesia
- Africa Commodities Group - South Africa
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- India Bulls Power Limited - India
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- Sical Logistics Limited - India
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- The University of Queensland
- ASAPP Information Group - India
- ICICI Bank Limited - India
- Krishnapatnam Port Company Ltd. - India
- Deloitte Consulting - India
- Planning Commission, India
- Sarangani Energy Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- Parry Sugars Refinery, India
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Simpson Spence & Young - Indonesia
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Indonesian Coal Mining Association
- Energy Link Ltd, New Zealand
- Kumho Petrochemical, South Korea
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- San Jose City I Power Corp, Philippines
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
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