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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 $10 million. It has annual capacity of 4 million tonnes.
Mr Chanin also said the company's Jorong mine in Indonesia would resume operations in late September after being halted since February by the government because of forest encroachment. Authorities have been working with miners to clarify new operating rules.
"Indonesian coal mines are our major revenue contributor. The [total] coal sales target has been maintained at 23 million tonnes this year," he added.
CIMB-GK Securities (Thailand) has downgraded Banpu's 2010 net profit forecast by 1.4% to 14.6 billion baht following the revision of the Daning figures.
BANPU shares closed yesterday on the SET at 620 baht, down 10 baht, in trade worth 793.3 million baht.
Source: Bangkok Post
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Monday, 26 May 14
SUB-BIT FOB INDO COAL SWAP Q1' 15 DELIVERIES CLOSED AT US$ 59.40 PER MT
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, 26 May 14
Q3 14 CFR SOUTH CHINA COAL SWAPS LOST 2.24% MONTH ON MONTH
COALspot.com: API 8 CFR South China Coal swaps for average Q3 14 deliveries lost 2.24 percent month on month and closed at US$ 73.88 per mt as on F ...
Monday, 26 May 14
NEWBUILDING ORDERING ACTIVITY RISES BY 78% IN DWT TONNAGE OVER THE FIRST 4 MONTHS OF THE YEARS, AS OWNERS INVEST$40.5 BN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Ship owners have plunged into newbuilding orders during the first four months of the year, as overall newbuilding business ended for the first four ...
Sunday, 25 May 14
FREIGHT RATES FROM SOUTH KALIMANTAN TO EAST COAST INDIAN PORTS WERE ASSESSED AT $9.50/MT
COALspot.com: The BDI was closed at 964 points down by 6.13 pct week on week. The Cape Index was lost 172 points or 11.24% week on week and closing ...
Saturday, 24 May 14
DRY BULK MARKET'S RECOVERY IS JUST AROUND THE CORNER SAYS SHIPOWNER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Despite the weaker than expected market sentiment in the dry bulk market over the course of the past few months, analysts and shipowners alike appe ...
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- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- Meenaskhi Energy Private Limited - India
- Xindia Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- PTC India Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- TeaM Sual Corporation - Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- The State Trading Corporation of India Ltd
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- Vedanta Resources Plc - India
- Star Paper Mills Limited - India
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Kaltim Prima Coal - Indonesia
- The Treasury - Australian Government
- Romanian Commodities Exchange
- Rio Tinto Coal - Australia
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Antam Resourcindo - Indonesia
- Thiess Contractors Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- Georgia Ports Authority, United States
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Essar Steel Hazira Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Maheswari Brothers Coal Limited - India
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- Gujarat Electricity Regulatory Commission - India
- The University of Queensland
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- SMC Global Power, Philippines
- Bhushan Steel Limited - India
- Electricity Authority, New Zealand
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Coalindo Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- Anglo American - United Kingdom
- GVK Power & Infra Limited - India
- Posco Energy - South Korea
- PNOC Exploration Corporation - Philippines
- Wilmar Investment Holdings
- GMR Energy Limited - India
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Economic Council, Georgia
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- Planning Commission, India
- Orica Australia Pty. Ltd.
- Agrawal Coal Company - India
- Meralco Power Generation, Philippines
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Baramulti Group, Indonesia
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Karbindo Abesyapradhi - Indoneisa
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- South Luzon Thermal Energy Corporation
- Global Green Power PLC Corporation, Philippines
- Videocon Industries ltd - India
- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- Edison Trading Spa - Italy
- Australian Coal Association
- White Energy Company Limited
- Minerals Council of Australia
- Price Waterhouse Coopers - Russia
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Electricity Generating Authority of Thailand
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Therma Luzon, Inc, Philippines
- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- Grasim Industreis Ltd - India
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- Petron Corporation, Philippines
- Power Finance Corporation Ltd., India
- Straits Asia Resources Limited - Singapore
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Indika Energy - Indonesia
- Central Electricity Authority - India
- Trasteel International SA, Italy
- Heidelberg Cement - Germany
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- Bukit Baiduri Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- SMG Consultants - Indonesia
- Manunggal Multi Energi - Indonesia
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Lanco Infratech Ltd - India
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- San Jose City I Power Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Medco Energi Mining Internasional
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- AsiaOL BioFuels Corp., Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Business Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- India Bulls Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Uttam Galva Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Alfred C Toepfer International GmbH - Germany
- Parliament of New Zealand
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Mjunction Services Limited - India
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Directorate Of Revenue Intelligence - India
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