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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, 21 April 14
DRY BULK MARKET UPS AND - MOST RECENTLY - DOWNS OFFERS NO ROOM FOR RELAXING AMONG DRY BULK SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market's latest demise, with the market retrating once again, since the end of March, has come at a time, when most ship owners ...
Sunday, 20 April 14
FREIGHT RATES END WEEK ON WEAK NOTE - VISTAAR
Wish you all Happy Easter.
The freight market continued to its downwards as BDI was fell 7.187 percent to 930 points week on week.
The ...
Friday, 18 April 14
US WEEKLY COAL PRODUCTION DECLINED BY 1% TO 18.9 MMST
COALspot.com – United States the world's second largest coal producer, produced approximately 18.9 million short tons (mmst) of coal i ...
Thursday, 17 April 14
DRY BULK MARKET ON RETREAT MODE, WHILE NEWBUILDING ORDERING ACTIVITY STALLS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has kept on retreating this week, a pattern which emerged since late March. Yesterday the BDI (Baltic Dry Index) ended yet a ...
Wednesday, 16 April 14
INDONESIA'S FEBRUARY 2014 COAL EXPORT VOLUME FELL 2.41%
COALspot.com: Indonesia, the world 4th largest coal producer and the global largest multi grade coal exporter shipped around $1.77* billio ...
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- Baramulti Group, Indonesia
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- Borneo Indobara - Indonesia
- Toyota Tsusho Corporation, Japan
- Global Green Power PLC Corporation, Philippines
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Altura Mining Limited, Indonesia
- Uttam Galva Steels Limited - India
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
- Salva Resources Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- Indonesian Coal Mining Association
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- Coalindo Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
- Karaikal Port Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- The University of Queensland
- Tamil Nadu electricity Board
- International Coal Ventures Pvt Ltd - India
- Vedanta Resources Plc - India
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- Trasteel International SA, Italy
- Energy Link Ltd, New Zealand
- Australian Coal Association
- London Commodity Brokers - England
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- VISA Power Limited - India
- GMR Energy Limited - India
- ASAPP Information Group - India
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Grasim Industreis Ltd - India
- Mjunction Services Limited - India
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Alfred C Toepfer International GmbH - Germany
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- PTC India Limited - India
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Economic Council, Georgia
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- Indogreen Group - Indonesia
- Dalmia Cement Bharat India
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Energy Development Corp, Philippines
- Star Paper Mills Limited - India
- Central Electricity Authority - India
- Rashtriya Ispat Nigam Limited - India
- MS Steel International - UAE
- Petron Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Asmin Koalindo Tuhup - Indonesia
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- Madhucon Powers Ltd - India
- Port Waratah Coal Services - Australia
- The Treasury - Australian Government
- Indian Oil Corporation Limited
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Essar Steel Hazira Ltd - India
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- Electricity Generating Authority of Thailand
- Savvy Resources Ltd - HongKong
- SMG Consultants - Indonesia
- Malabar Cements Ltd - India
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- Medco Energi Mining Internasional
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- Billiton Holdings Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- Gujarat Electricity Regulatory Commission - India
- Georgia Ports Authority, United States
- Marubeni Corporation - India
- Metalloyd Limited - United Kingdom
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Kalimantan Lumbung Energi - Indonesia
- McConnell Dowell - Australia
- Indika Energy - Indonesia
- Bharathi Cement Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chamber of Mines of South Africa
- Heidelberg Cement - Germany
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- Independent Power Producers Association of India
- Kumho Petrochemical, South Korea
- Bukit Makmur.PT - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- Orica Australia Pty. Ltd.
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- Merrill Lynch Commodities Europe
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- Deloitte Consulting - India
- AsiaOL BioFuels Corp., Philippines
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- Siam City Cement PLC, Thailand
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- Ministry of Transport, Egypt
- San Jose City I Power Corp, Philippines
- Manunggal Multi Energi - Indonesia
- Australian Commodity Traders Exchange
- White Energy Company Limited
- Cement Manufacturers Association - India
- European Bulk Services B.V. - Netherlands
- PowerSource Philippines DevCo
- GAC Shipping (India) Pvt Ltd
- PetroVietnam Power Coal Import and Supply Company
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining Corp, Philippines
- Romanian Commodities Exchange
- Parliament of New Zealand
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Vizag Seaport Private Limited - India
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