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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, 18 August 14
SUB-BIT FOB INDONESIA COAL SWAP CLOSED AT $58.60 FOR SEPTEMBER 2015; UP $4 FROM SEPTEMBER 2014 CLOSING
COALspot.com: Indonesian coal swaps for average September 2014 decreased US$ 0.15 (-0.27%) day on day and US$ 0.75 (-1.36%) per mt week on week. Th ...
Monday, 18 August 14
CFR SOUTH CHINA COAL SWAP PERFORMED WELL THIS PAST WEEK
COALspot.com: API 8 CFR South China Coal swap for delivery in September 2014 increased US$ 0.45 (+0.66%) day on day and US$ 0.30 (+0.44%)&nbs ...
Saturday, 16 August 14
HIGH DEMAND OF IRON ORE SHIPMENTS PUSHED CAPE INDEX UPWARDS
COALspot.com: This week's freight market was buoyant with Cape and panamax index seeing a big jump pushing the BDI above 1,000 points week on c ...
Friday, 15 August 14
5TH ANNUAL POWER AND ELECTRICITY INDONESIA
5TH ANNUAL POWER AND ELECTRICITY INDONESIA
13-16 October 2014
Grand Hyatt Jakarta, Indonesia
Web Site
The country’s definitive ...
Thursday, 14 August 14
U.S. STEAM COAL IMPORTS REMAIN DOWN SHARPLY FROM HISTORIC HIGH IN 2007, SAYS EIA
COALspot.com: U.S. steam coal imports at power plants have fallen significantly from their peak level of more than 30 million tons in 2007 to less ...
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- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- Antam Resourcindo - Indonesia
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- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- Goldman Sachs - Singapore
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- Ministry of Transport, Egypt
- Lanco Infratech Ltd - India
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- Trasteel International SA, Italy
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
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- Bulk Trading Sa - Switzerland
- Ministry of Finance - Indonesia
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- Metalloyd Limited - United Kingdom
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- Samtan Co., Ltd - South Korea
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Renaissance Capital - South Africa
- The State Trading Corporation of India Ltd
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- Chamber of Mines of South Africa
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- Siam City Cement PLC, Thailand
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- The University of Queensland
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- Planning Commission, India
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- Petron Corporation, Philippines
- Mjunction Services Limited - India
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- Agrawal Coal Company - India
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- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- Straits Asia Resources Limited - Singapore
- Kepco SPC Power Corporation, Philippines
- Eastern Coal Council - USA
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Cigading International Bulk Terminal - Indonesia
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- Sojitz Corporation - Japan
- Coalindo Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
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- Carbofer General Trading SA - India
- Cement Manufacturers Association - India
- Directorate General of MIneral and Coal - Indonesia
- Therma Luzon, Inc, Philippines
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- Semirara Mining and Power Corporation, Philippines
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- Merrill Lynch Commodities Europe
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
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- Australian Coal Association
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- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Mines - Canada
- Larsen & Toubro Limited - India
- TNB Fuel Sdn Bhd - Malaysia
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- PowerSource Philippines DevCo
- PetroVietnam Power Coal Import and Supply Company
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- Banpu Public Company Limited - Thailand
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- Petrochimia International Co. Ltd.- Taiwan
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- Energy Link Ltd, New Zealand
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- Holcim Trading Pte Ltd - Singapore
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Siam City Cement - Thailand
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- Bangladesh Power Developement Board
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- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
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- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
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- Orica Australia Pty. Ltd.
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- Electricity Authority, New Zealand
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- South Luzon Thermal Energy Corporation
- Maheswari Brothers Coal Limited - India
- Bhoruka Overseas - Indonesia
- Wood Mackenzie - Singapore
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
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- MS Steel International - UAE
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Interocean Group of Companies - India
- Minerals Council of Australia
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