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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 $10 million. It has annual capacity of 4 million tonnes.
Mr Chanin also said the company's Jorong mine in Indonesia would resume operations in late September after being halted since February by the government because of forest encroachment. Authorities have been working with miners to clarify new operating rules.
"Indonesian coal mines are our major revenue contributor. The [total] coal sales target has been maintained at 23 million tonnes this year," he added.
CIMB-GK Securities (Thailand) has downgraded Banpu's 2010 net profit forecast by 1.4% to 14.6 billion baht following the revision of the Daning figures.
BANPU shares closed yesterday on the SET at 620 baht, down 10 baht, in trade worth 793.3 million baht.
Source: Bangkok Post
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Wednesday, 09 April 14
DRY BULK MARKET STRUGGLED THROUGHOUT THE WEEK - INTERMODAL
The Dry Bulk market struggled throughout the week but the poor performance across the board didn't allow for any positive reversal, pushing ...
Tuesday, 08 April 14
PORT OF NEWCASTLE SHIPPED 2.90 MMT OF POWER PLANT AND SEMI-SOFT COKING COAL IN A WEEK
COALspot.com: In the week ended 07:00 hours 7 April 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensla ...
Tuesday, 08 April 14
RBCT SHIPPED 53.79% MORE COAL IN MARCH 2014
COALspot.com: South Africa's Richards Bay Coal Terminal (RBCT) the single largest export coal terminal in the world, shipped 6.90 million to ...
Tuesday, 08 April 14
APRIL 2014 INDONESIAN COAL PRICE REFERENCE DROPS TO LOWEST SINCE JANUARY 2010
COALspot.com - The Ministry of Energy & Mineral Resources of Indonesia has revised down again the coal bench mark price by US$ 2.20 / MT to ...
Tuesday, 08 April 14
TALKING ABOUT A ONE-HORSE RACE - GEORGE LAZARIDIS
Ever since the onslaught of the financial crisis, China along with the other BRIICs, have played a pivotal role in supporting global economic gr ...
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- Renaissance Capital - South Africa
- Uttam Galva Steels Limited - India
- Eastern Energy - Thailand
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- Posco Energy - South Korea
- New Zealand Coal & Carbon
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- Thiess Contractors Indonesia
- Electricity Authority, New Zealand
- Aboitiz Power Corporation - Philippines
- Salva Resources Pvt Ltd - India
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- European Bulk Services B.V. - Netherlands
- Wilmar Investment Holdings
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- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- Bangladesh Power Developement Board
- Tata Chemicals Ltd - India
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- GAC Shipping (India) Pvt Ltd
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- Indonesian Coal Mining Association
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- Metalloyd Limited - United Kingdom
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- Kumho Petrochemical, South Korea
- Mercator Lines Limited - India
- Ministry of Finance - Indonesia
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- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
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- CIMB Investment Bank - Malaysia
- MS Steel International - UAE
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
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- LBH Netherlands Bv - Netherlands
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- Power Finance Corporation Ltd., India
- Petron Corporation, Philippines
- Vizag Seaport Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
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- Mintek Dendrill Indonesia
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- Australian Coal Association
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- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- Lanco Infratech Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- PTC India Limited - India
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- Interocean Group of Companies - India
- Port Waratah Coal Services - Australia
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- GVK Power & Infra Limited - India
- Simpson Spence & Young - Indonesia
- Africa Commodities Group - South Africa
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- CNBM International Corporation - China
- Economic Council, Georgia
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- Samtan Co., Ltd - South Korea
- Gujarat Mineral Development Corp Ltd - India
- White Energy Company Limited
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- The University of Queensland
- Minerals Council of Australia
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- Kaltim Prima Coal - Indonesia
- Australian Commodity Traders Exchange
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Agrawal Coal Company - India
- Barasentosa Lestari - Indonesia
- Thai Mozambique Logistica
- Goldman Sachs - Singapore
- Price Waterhouse Coopers - Russia
- Edison Trading Spa - Italy
- International Coal Ventures Pvt Ltd - India
- Heidelberg Cement - Germany
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- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Directorate General of MIneral and Coal - Indonesia
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- SN Aboitiz Power Inc, Philippines
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- IEA Clean Coal Centre - UK
- Sojitz Corporation - Japan
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- Merrill Lynch Commodities Europe
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- Independent Power Producers Association of India
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Directorate Of Revenue Intelligence - India
- Coal and Oil Company - UAE
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- Siam City Cement PLC, Thailand
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- Kohat Cement Company Ltd. - Pakistan
- Pipit Mutiara Jaya. PT, Indonesia
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