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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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Tuesday, 22 July 14
INDONESIA'S MINERAL EXPORT BAN: CHINA UNDER PRESSURE? - CLARKSONS
In January 2014, Indonesia introduced new regulations on exports of unprocessed minerals. Exports of some minerals have been heavily taxed, whilst ...
Tuesday, 22 July 14
ASIAN SUB-BITUMINOUS COAL USERS' GROUP CONFERENCE
Press Release: Registration Open for Fourth Annual Asian Sub-Bituminous Coal Users’ Group Conference
Register today for this year&r ...
Monday, 21 July 14
25% OF INDIA'S POWER PLANTS WERE HAVING SUPER CRITICAL COAL STOCK - COAL AND POWER MINISTER
25% of India’s power plants were having super critical coal stock; power utilities have also been advised to enhance the import of coal - Coa ...
Monday, 21 July 14
INDONESIA'S STATE CONTROLLED COAL MINER BUKIT ASAM ENJOYED HIGHER SELLING PRICE DURING THIS STORMY MARKET
COALspot.com: PT Bukit Asam, the Indonesian government controlled coal miner announced today that, the company has produced 7.70 million tons of co ...
Monday, 21 July 14
CFR SOUTH CHINA COAL Q3 DELIVERY SWAPS LOST 16% SINCE JANUARY 17, 2014
COALspot.com: Coal price falling is continues as the impact oversupply and lower demand. Market is not showing any positive trend in near future.
...
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- Jorong Barutama Greston.PT - Indonesia
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bhushan Steel Limited - India
- Altura Mining Limited, Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- South Luzon Thermal Energy Corporation
- TeaM Sual Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- Aboitiz Power Corporation - Philippines
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- Medco Energi Mining Internasional
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Parry Sugars Refinery, India
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- Electricity Generating Authority of Thailand
- Australian Coal Association
- GAC Shipping (India) Pvt Ltd
- Jaiprakash Power Ventures ltd
- Salva Resources Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Rio Tinto Coal - Australia
- Cement Manufacturers Association - India
- MS Steel International - UAE
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Kideco Jaya Agung - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Mjunction Services Limited - India
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- Sical Logistics Limited - India
- Miang Besar Coal Terminal - Indonesia
- Minerals Council of Australia
- Kepco SPC Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- GVK Power & Infra Limited - India
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- Bangladesh Power Developement Board
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Central Electricity Authority - India
- Banpu Public Company Limited - Thailand
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- Petrochimia International Co. Ltd.- Taiwan
- Kapuas Tunggal Persada - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Krishnapatnam Port Company Ltd. - India
- McConnell Dowell - Australia
- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- White Energy Company Limited
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- Manunggal Multi Energi - Indonesia
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- Mercator Lines Limited - India
- IEA Clean Coal Centre - UK
- Indo Tambangraya Megah - Indonesia
- Toyota Tsusho Corporation, Japan
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Sojitz Corporation - Japan
- Deloitte Consulting - India
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- Neyveli Lignite Corporation Ltd, - India
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Gujarat Sidhee Cement - India
- Commonwealth Bank - Australia
- Posco Energy - South Korea
- Romanian Commodities Exchange
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Eastern Coal Council - USA
- Ceylon Electricity Board - Sri Lanka
- Anglo American - United Kingdom
- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- Star Paper Mills Limited - India
- Siam City Cement - Thailand
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
- CNBM International Corporation - China
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Indian Energy Exchange, India
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Barasentosa Lestari - Indonesia
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- OPG Power Generation Pvt Ltd - India
- Trasteel International SA, Italy
- CIMB Investment Bank - Malaysia
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Planning Commission, India
- Heidelberg Cement - Germany
- Thai Mozambique Logistica
- Makarim & Taira - Indonesia
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indogreen Group - Indonesia
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Wilmar Investment Holdings
- Grasim Industreis Ltd - India
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- Dalmia Cement Bharat India
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- Cigading International Bulk Terminal - Indonesia
- Tamil Nadu electricity Board
- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- Ministry of Mines - Canada
- ASAPP Information Group - India
- Renaissance Capital - South Africa
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Globalindo Alam Lestari - Indonesia
- Bhatia International Limited - India
- Parliament of New Zealand
- Indika Energy - Indonesia
- Mintek Dendrill Indonesia
- Lanco Infratech Ltd - India
- International Coal Ventures Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Global Coal Blending Company Limited - Australia
- Meralco Power Generation, Philippines
- Tata Chemicals Ltd - India
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