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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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Friday, 26 September 14
NEWCASTLMAXES ARE THE MOST SOUGHT AFTER VESSELS BY SHIP OWNERS TODAY SAYS VESSELS VALUE
KNOWLEDGE TO ELEVATE
Determining a ship’s fair value can be a very tricky business, especially when you’re the one paying. As such ...
Thursday, 25 September 14
LACK OF COAL BUSINESS PUSHING DOWN PANAMAX EARNINGS IN PACIFIC
Handy
In the Atlantic we see rates steady climbing upwards. More coal cargoes out of USG and USEC are helping the TA market which is up some USD ...
Wednesday, 24 September 14
ADARO AGREED TO REDUCE ITS CONCESSION AREA TO 31,379.8 HECTARES
COALspot.com: PT Adaro Energy Tbk (Adaro Energy) today announced that, PT Adaro Indonesia (AI), its wholly owned subsidiary, entered into a M ...
Wednesday, 24 September 14
CAPESIZE: ACTIVITY IN BOTH BASINS WAS UNIMPRESSIVE
COALspot.com: The end of the week prior seems to have marked the tone for the days that followed, with the Dry Bulk market giving up a significant ...
Tuesday, 23 September 14
MEDCO TO INCREASE ITS COAL PRODUCTION NEXT YEAR
COALspot.com: PT Medco Energi Internasional is looking to increase its coal production next year, supported by the launch of operations at its Duta ...
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- Thiess Contractors Indonesia
- Coal and Oil Company - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- London Commodity Brokers - England
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Formosa Plastics Group - Taiwan
- IEA Clean Coal Centre - UK
- Iligan Light & Power Inc, Philippines
- San Jose City I Power Corp, Philippines
- Mintek Dendrill Indonesia
- Singapore Mercantile Exchange
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ICICI Bank Limited - India
- Mjunction Services Limited - India
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- Barasentosa Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- Posco Energy - South Korea
- Latin American Coal - Colombia
- IHS Mccloskey Coal Group - USA
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- Parliament of New Zealand
- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
- Wilmar Investment Holdings
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bharathi Cement Corporation - India
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Wood Mackenzie - Singapore
- Jindal Steel & Power Ltd - India
- Australian Coal Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Coal Council - USA
- Sree Jayajothi Cements Limited - India
- New Zealand Coal & Carbon
- Miang Besar Coal Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- Bahari Cakrawala Sebuku - Indonesia
- Altura Mining Limited, Indonesia
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- Sinarmas Energy and Mining - Indonesia
- Indian Energy Exchange, India
- TNB Fuel Sdn Bhd - Malaysia
- Trasteel International SA, Italy
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
- The University of Queensland
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Sakthi Sugars Limited - India
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Xindia Steels Limited - India
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Parry Sugars Refinery, India
- Neyveli Lignite Corporation Ltd, - India
- Pendopo Energi Batubara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Leighton Contractors Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Indika Energy - Indonesia
- Simpson Spence & Young - Indonesia
- The Treasury - Australian Government
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- Bangladesh Power Developement Board
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- Planning Commission, India
- Jorong Barutama Greston.PT - Indonesia
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- Uttam Galva Steels Limited - India
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- VISA Power Limited - India
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Global Business Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Kideco Jaya Agung - Indonesia
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- LBH Netherlands Bv - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Central Java Power - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- Rio Tinto Coal - Australia
- Lanco Infratech Ltd - India
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Electricity Authority, New Zealand
- Bhatia International Limited - India
- South Luzon Thermal Energy Corporation
- Power Finance Corporation Ltd., India
- Central Electricity Authority - India
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indo Tambangraya Megah - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- GMR Energy Limited - India
- TeaM Sual Corporation - Philippines
- Siam City Cement PLC, Thailand
- Manunggal Multi Energi - Indonesia
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- SMG Consultants - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Riau Bara Harum - Indonesia
- OPG Power Generation Pvt Ltd - India
- Africa Commodities Group - South Africa
- Merrill Lynch Commodities Europe
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- Star Paper Mills Limited - India
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- Coalindo Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- Malabar Cements Ltd - India
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