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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, 12 May 14
TAIPOWER TO IMPORT AROUND 1 MMT OF SUB-BITUMINOUS COAL DURING AUGUST 2014 THROUGH NOVEMBER 2014
COALspot.com - Taiwan Power Company intends to procure 1.050 million tons of sub-bituminous coal for Taipower thermal power plant through open t ...
Monday, 12 May 14
DRY BULK MARKET IS STILL STRUGGLING TO FIND FIRM FOOTING
COALspot.com: The freight market continued to be weak and the BDI closed slightly lower at 997 points or fell 1.96 pct week on week. The cape in ...
Friday, 09 May 14
RBCT SHIPPED 5.4 MMT OF COAL IN APRIL
COALspot.com: South Africa's Richards Bay Coal Terminal (RBCT) the single largest coal export terminal in the world, shipped 5.45 million to ...
Friday, 09 May 14
DRY BULK MARKET: BANKRUPTCY TONNAGE UNLEASHED
Drewry’s latest Dry Bulk Forecaster saw freight rates on most routes declined in 2014’s first quarter as the previous quarter’ ...
Friday, 09 May 14
UNITED STATES COAL PRODUCTION SLIGHTLY SLIDES TO 82.4 MMST IN APRIL
COALspot.com – United States the world's second largest coal producer, produced approximately 18.8 million short tons (mmst) of coal i ...
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- PowerSource Philippines DevCo
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- Meenaskhi Energy Private Limited - India
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- Commonwealth Bank - Australia
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- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
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- Kumho Petrochemical, South Korea
- GN Power Mariveles Coal Plant, Philippines
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- Merrill Lynch Commodities Europe
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- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- Eastern Energy - Thailand
- PNOC Exploration Corporation - Philippines
- McConnell Dowell - Australia
- Trasteel International SA, Italy
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- Indian Energy Exchange, India
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- ICICI Bank Limited - India
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- Central Electricity Authority - India
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- Bhoruka Overseas - Indonesia
- Orica Mining Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Bangladesh Power Developement Board
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- PetroVietnam Power Coal Import and Supply Company
- Georgia Ports Authority, United States
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- Indogreen Group - Indonesia
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- Electricity Authority, New Zealand
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- Pipit Mutiara Jaya. PT, Indonesia
- Indian Oil Corporation Limited
- Vedanta Resources Plc - India
- Rio Tinto Coal - Australia
- Billiton Holdings Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- Barasentosa Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
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- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
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- GMR Energy Limited - India
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- SMC Global Power, Philippines
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- Maharashtra Electricity Regulatory Commission - India
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- Petron Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- New Zealand Coal & Carbon
- Leighton Contractors Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- Carbofer General Trading SA - India
- TNB Fuel Sdn Bhd - Malaysia
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- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
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- Baramulti Group, Indonesia
- Economic Council, Georgia
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- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Toyota Tsusho Corporation, Japan
- Kepco SPC Power Corporation, Philippines
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
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- Ministry of Mines - Canada
- Bhatia International Limited - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Singapore Mercantile Exchange
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- Bukit Baiduri Energy - Indonesia
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- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
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- Standard Chartered Bank - UAE
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- Xindia Steels Limited - India
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- Parry Sugars Refinery, India
- MS Steel International - UAE
- Planning Commission, India
- GVK Power & Infra Limited - India
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- The Treasury - Australian Government
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- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
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- Parliament of New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
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- Africa Commodities Group - South Africa
- SMG Consultants - Indonesia
- Mercuria Energy - Indonesia
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- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- Sindya Power Generating Company Private Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Renaissance Capital - South Africa
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