We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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 $10 million. It has annual capacity of 4 million tonnes.
Mr Chanin also said the company's Jorong mine in Indonesia would resume operations in late September after being halted since February by the government because of forest encroachment. Authorities have been working with miners to clarify new operating rules.
"Indonesian coal mines are our major revenue contributor. The [total] coal sales target has been maintained at 23 million tonnes this year," he added.
CIMB-GK Securities (Thailand) has downgraded Banpu's 2010 net profit forecast by 1.4% to 14.6 billion baht following the revision of the Daning figures.
BANPU shares closed yesterday on the SET at 620 baht, down 10 baht, in trade worth 793.3 million baht.
Source: Bangkok Post
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 24 March 14
SGX'S Q2'14 CFR SOUTH CHINA COAL SWAP CLOSES SLIGHTLY HIGHER W-O-W
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 deliveries lost 1.81 percent month on month and closed at US$ 74.82 per mt as o ...
Sunday, 23 March 14
THE COAL FREIGHT RATES SEEN SLIGHTLY FIRMING UP THIS WEEK - REDDY
COALspot.com: The freight market firmed up this week. BDI was up 8.26 pct week on week and index was closed at 1599 points. The Cape index was u ...
Saturday, 22 March 14
SHIP OWNERS INVEST $15 BILLION FOR NEWBUILDINGS AND SECONDHAND VESSELS DURING FEBRUARY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Ship owners have kept on their aggressive stance in the investment scene both for newbuildings, as well as for secondhand vessels globally durin ...
Friday, 21 March 14
DRY BULK MARKET STAYS ON RECOVERY MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has reached new year heighs, as a result of renewed Capesize demand. The Baltic Dry Index (BDI) ended yesterday's sessio ...
Friday, 21 March 14
US COAL PRODUCTION UP 1.5%; WEST MISSISSIPPI COAL PRODUCTION DOWN 1.85% WEEK ON WEEK
COALspot.com – United States the world's second largest coal producer, produced approximately 19.0 million short tons (mmst) of coal i ...
|
|
|
Showing 3786 to 3790 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- PTC India Limited - India
- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Chamber of Mines of South Africa
- Samtan Co., Ltd - South Korea
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Manunggal Multi Energi - Indonesia
- Commonwealth Bank - Australia
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Sojitz Corporation - Japan
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- International Coal Ventures Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Parry Sugars Refinery, India
- San Jose City I Power Corp, Philippines
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- Anglo American - United Kingdom
- Intertek Mineral Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- South Luzon Thermal Energy Corporation
- Metalloyd Limited - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Tata Chemicals Ltd - India
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Ind-Barath Power Infra Limited - India
- Indika Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMG Consultants - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- Aditya Birla Group - India
- Marubeni Corporation - India
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Bukit Baiduri Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- Borneo Indobara - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Deloitte Consulting - India
- Meenaskhi Energy Private Limited - India
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- Lanco Infratech Ltd - India
- Trasteel International SA, Italy
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- Vijayanagar Sugar Pvt Ltd - India
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Bhushan Steel Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Ambuja Cements Ltd - India
- Georgia Ports Authority, United States
- Planning Commission, India
- Videocon Industries ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Central Java Power - Indonesia
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Madhucon Powers Ltd - India
- Bangladesh Power Developement Board
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Coastal Gujarat Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Kapuas Tunggal Persada - Indonesia
- LBH Netherlands Bv - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Vedanta Resources Plc - India
- Heidelberg Cement - Germany
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
- Pipit Mutiara Jaya. PT, Indonesia
- Carbofer General Trading SA - India
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Grasim Industreis Ltd - India
- Malabar Cements Ltd - India
- Tamil Nadu electricity Board
- India Bulls Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- Mercator Lines Limited - India
- GVK Power & Infra Limited - India
- Siam City Cement - Thailand
- White Energy Company Limited
- VISA Power Limited - India
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- Bharathi Cement Corporation - India
- Barasentosa Lestari - Indonesia
- Port Waratah Coal Services - Australia
- Semirara Mining and Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Australian Commodity Traders Exchange
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- Indian Energy Exchange, India
- Petrochimia International Co. Ltd.- Taiwan
- Central Electricity Authority - India
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- Altura Mining Limited, Indonesia
- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- Formosa Plastics Group - Taiwan
- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Thai Mozambique Logistica
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
|
| |
| |
|
