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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 $10 million. It has annual capacity of 4 million tonnes.
Mr Chanin also said the company's Jorong mine in Indonesia would resume operations in late September after being halted since February by the government because of forest encroachment. Authorities have been working with miners to clarify new operating rules.
"Indonesian coal mines are our major revenue contributor. The [total] coal sales target has been maintained at 23 million tonnes this year," he added.
CIMB-GK Securities (Thailand) has downgraded Banpu's 2010 net profit forecast by 1.4% to 14.6 billion baht following the revision of the Daning figures.
BANPU shares closed yesterday on the SET at 620 baht, down 10 baht, in trade worth 793.3 million baht.
Source: Bangkok Post
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Wednesday, 22 October 14
CAPESIZE MARKET REMAINED UNDER PRESSURE
COALspot.com: The Dry Bulk market closed on the red for yet another week although following Friday sentiment has started to improve on the back of ...
Tuesday, 21 October 14
INDIA'S DIESEL DEREGULATION POSITIVE FOR OIL COMPANIES - FITCH
The Indian government's 18 October decision to deregulate diesel prices will have a positive effect on the national oil marketing companies tha ...
Tuesday, 21 October 14
LOW DEMAND PUTTING COAL SWAPS UNDER PRESSURE
COALspot.com: Indonesian coal swaps for delivery Q4' 2014 lost on day, week and month.
The swap has lost US$ 1.57 (-3.04%) month on month ...
Monday, 20 October 14
CHINA'S ENVIRONMENTAL POLICIES DO NOT SPELL THE END FOR COAL - WOOD MACKENZIE
China's environmental policies do not spell the end for coal Analysis across energy commodities show coal still accounting for 64% of power mix ...
Monday, 20 October 14
CFR SOUTH CHINA COAL SWAPS FAILED TO PERFORM POSITIVE
COALspot.com: API 8 CFR South China Coal swap for Q4’ 2014 delivery decreased US$ 3.04 (-4.57%) month over month and US$ 1.75 (-2.68%) week o ...
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- Anglo American - United Kingdom
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- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Ministry of Transport, Egypt
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- Energy Development Corp, Philippines
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- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
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- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- The Treasury - Australian Government
- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Africa Commodities Group - South Africa
- GMR Energy Limited - India
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- Pendopo Energi Batubara - Indonesia
- CNBM International Corporation - China
- Bhushan Steel Limited - India
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- Heidelberg Cement - Germany
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- Ministry of Mines - Canada
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- Wood Mackenzie - Singapore
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- Maheswari Brothers Coal Limited - India
- Gujarat Electricity Regulatory Commission - India
- Aboitiz Power Corporation - Philippines
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- San Jose City I Power Corp, Philippines
- Power Finance Corporation Ltd., India
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- Planning Commission, India
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- Kepco SPC Power Corporation, Philippines
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- Independent Power Producers Association of India
- Electricity Authority, New Zealand
- SMG Consultants - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Mercuria Energy - Indonesia
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
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- SN Aboitiz Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
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- Jaiprakash Power Ventures ltd
- Bayan Resources Tbk. - Indonesia
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- Mercator Lines Limited - India
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
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- Trasteel International SA, Italy
- Formosa Plastics Group - Taiwan
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- Tamil Nadu electricity Board
- Mjunction Services Limited - India
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Indogreen Group - Indonesia
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
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- PTC India Limited - India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
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- White Energy Company Limited
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Kideco Jaya Agung - Indonesia
- Thiess Contractors Indonesia
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- Bukit Asam (Persero) Tbk - Indonesia
- Bhatia International Limited - India
- Commonwealth Bank - Australia
- Indonesian Coal Mining Association
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- Singapore Mercantile Exchange
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- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
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- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Port Waratah Coal Services - Australia
- Timah Investasi Mineral - Indoneisa
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Bharathi Cement Corporation - India
- Edison Trading Spa - Italy
- Malabar Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
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- Bukit Baiduri Energy - Indonesia
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- MS Steel International - UAE
- Meenaskhi Energy Private Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Makarim & Taira - Indonesia
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- Petron Corporation, Philippines
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- International Coal Ventures Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
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- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- ASAPP Information Group - India
- Intertek Mineral Services - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Asmin Koalindo Tuhup - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
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- Salva Resources Pvt Ltd - India
- Ministry of Finance - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Romanian Commodities Exchange
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- Bukit Makmur.PT - Indonesia
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- Grasim Industreis Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
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- Krishnapatnam Port Company Ltd. - India
- Samtan Co., Ltd - South Korea
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- Chamber of Mines of South Africa
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- Eastern Energy - Thailand
- VISA Power Limited - India
- Global Coal Blending Company Limited - Australia
- Directorate Of Revenue Intelligence - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Larsen & Toubro Limited - India
- Indian Energy Exchange, India
- The University of Queensland
- CIMB Investment Bank - Malaysia
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
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- Baramulti Group, Indonesia
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