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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 $10 million. It has annual capacity of 4 million tonnes.
Mr Chanin also said the company's Jorong mine in Indonesia would resume operations in late September after being halted since February by the government because of forest encroachment. Authorities have been working with miners to clarify new operating rules.
"Indonesian coal mines are our major revenue contributor. The [total] coal sales target has been maintained at 23 million tonnes this year," he added.
CIMB-GK Securities (Thailand) has downgraded Banpu's 2010 net profit forecast by 1.4% to 14.6 billion baht following the revision of the Daning figures.
BANPU shares closed yesterday on the SET at 620 baht, down 10 baht, in trade worth 793.3 million baht.
Source: Bangkok Post
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Monday, 23 June 14
INDONESIAN COAL SWAP FOR Q3 DELIVERY LOST 8.60% Y-O-Y;4.80% M-O-M
COALspot.com: Indonesian coal swaps for average Q3’ 2014 lost on day, week and on month according to AsiaClear OTC coal swap's reports re ...
Monday, 23 June 14
COAL SWAPS DROPS FURTHER MONTH ON MONTH ON WEAK DEMAND
COALspot.com: API 8 CFR South China Coal swaps for average Q3 14 deliveries lost 6.91 percent month on month and closed at US$ 69.00 per mt a ...
Sunday, 22 June 14
THE PANAMAX COAL FREIGHT FROM INDONESIA TO INDIA SLIPPED THIS WEEK
COALspot.com: The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell slightly on Friday ...
Friday, 20 June 14
DRY BULK MARKET LOOKING FOR UPSIDE ON ROBUST SEABORNE IRON ORE TRADE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market hasn’t been able to justify the heightened expectations this year. Yesterday, the Baltic Dry Index managed to inch forwar ...
Friday, 20 June 14
US WEEKLY COAL PRODUCTION DROPS 1.8% WEEK ON WEEK
COALspot.com – United States the world's second largest coal producer, produced approximately 18.3 million short tons (mmst) of coal in a ...
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- Timah Investasi Mineral - Indoneisa
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- Borneo Indobara - Indonesia
- Power Finance Corporation Ltd., India
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- PowerSource Philippines DevCo
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- Global Green Power PLC Corporation, Philippines
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- Energy Link Ltd, New Zealand
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- Alfred C Toepfer International GmbH - Germany
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- Planning Commission, India
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- Siam City Cement - Thailand
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- Aditya Birla Group - India
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- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
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- Petron Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
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- Bharathi Cement Corporation - India
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- Georgia Ports Authority, United States
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- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Formosa Plastics Group - Taiwan
- Bhoruka Overseas - Indonesia
- Edison Trading Spa - Italy
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Sakthi Sugars Limited - India
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- Latin American Coal - Colombia
- Commonwealth Bank - Australia
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- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
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- Essar Steel Hazira Ltd - India
- Indo Tambangraya Megah - Indonesia
- Port Waratah Coal Services - Australia
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- Thai Mozambique Logistica
- Ceylon Electricity Board - Sri Lanka
- Makarim & Taira - Indonesia
- White Energy Company Limited
- Jorong Barutama Greston.PT - Indonesia
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- Parliament of New Zealand
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- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- Videocon Industries ltd - India
- CNBM International Corporation - China
- Singapore Mercantile Exchange
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- Heidelberg Cement - Germany
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
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- Thiess Contractors Indonesia
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
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- Maheswari Brothers Coal Limited - India
- Economic Council, Georgia
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- Minerals Council of Australia
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
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- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
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- Jaiprakash Power Ventures ltd
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- GAC Shipping (India) Pvt Ltd
- McConnell Dowell - Australia
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
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