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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, 29 September 14
INDONESIAN COAL EXPORT VOLUME FALL IN AUGUST
COALspot.com: Indonesia, one of the world's largest coal producers and the global leading multi grade coal exporter shipped around $1.50 ...
Monday, 29 September 14
INDONESIAN COAL SWAPS LOST WEEK ON WEEK AND MONTH OVER MONTH
COALspot.com: Indonesian coal swaps for average November 2014 flat day on day and lost US$ 0.85 (-1.66%) per mt week on week. The swap also lost US ...
Monday, 29 September 14
CFR SOUTH CHINA COAL LOST AROUND 5% MONTH ON MONTH
COALspot.com: API 8 CFR South China Coal swap for delivery in November 2014 decreased US$ 3.55 (-5.10%) month over month and flat week over week.
...
Sunday, 28 September 14
FREIGHT RATES FROM INDONESIA TO INDIA IS EXPECTED TO BE FIRM NEXT WEEK - CAPT. REDDY
COALspot.com: The freight market shows a bit weak trend this week.
The BDI was lost 2.42% week on week and closed at 1049 points on 26 Se ...
Sunday, 28 September 14
BERAU AGREES DEAL WITH GOVT, MINING AREA REDUCED - THE JAKARTA POST
Coal miner PT Berau Coal, a subsidiary of Jakarta-listed PT Berau Coal Energy (BRAU), has signed a memorandum of understanding (MoU) with the gover ...
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- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- Thai Mozambique Logistica
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Mintek Dendrill Indonesia
- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Kepco SPC Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- London Commodity Brokers - England
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Krishnapatnam Port Company Ltd. - India
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- Global Business Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Indonesian Coal Mining Association
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- VISA Power Limited - India
- Ministry of Finance - Indonesia
- Karaikal Port Pvt Ltd - India
- Malabar Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- India Bulls Power Limited - India
- GMR Energy Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Georgia Ports Authority, United States
- Sakthi Sugars Limited - India
- Antam Resourcindo - Indonesia
- The University of Queensland
- Coalindo Energy - Indonesia
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sical Logistics Limited - India
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining Corp, Philippines
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Bangladesh Power Developement Board
- Rashtriya Ispat Nigam Limited - India
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Semirara Mining and Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- CNBM International Corporation - China
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- Rio Tinto Coal - Australia
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- Metalloyd Limited - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Vedanta Resources Plc - India
- PowerSource Philippines DevCo
- CIMB Investment Bank - Malaysia
- Chamber of Mines of South Africa
- PTC India Limited - India
- Wilmar Investment Holdings
- SMC Global Power, Philippines
- Kartika Selabumi Mining - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sindya Power Generating Company Private Ltd
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- Kideco Jaya Agung - Indonesia
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Asmin Koalindo Tuhup - Indonesia
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- Energy Development Corp, Philippines
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- Therma Luzon, Inc, Philippines
- MS Steel International - UAE
- Petron Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- Deloitte Consulting - India
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- Jindal Steel & Power Ltd - India
- Australian Coal Association
- Heidelberg Cement - Germany
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- Independent Power Producers Association of India
- Siam City Cement - Thailand
- Sojitz Corporation - Japan
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- ICICI Bank Limited - India
- Miang Besar Coal Terminal - Indonesia
- ASAPP Information Group - India
- Indian Energy Exchange, India
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Trasteel International SA, Italy
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- Bharathi Cement Corporation - India
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Binh Thuan Hamico - Vietnam
- The Treasury - Australian Government
- Kobexindo Tractors - Indoneisa
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- Singapore Mercantile Exchange
- Indo Tambangraya Megah - Indonesia
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