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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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Thursday, 27 February 14
SHIPPING LOANS WORTH $5 BILLION HAVE CHANGED HANDS OVER THE PAST YEAR, AS FUNDS INVEST IN SHIPPING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Funds investing in shipping has been the "talk of the town" over the past couple of years, as institutional investors, private equity and ...
Thursday, 27 February 14
NEWCASTLE COAL EXPORTS SLIP 26.68 PERCENT WEEK ON WEEK
COALspot.com: In the week ended 24 February 2014, power plant and semi-soft coking coal shipments from the port of Newcastle in Queensland, total 2. ...
Wednesday, 26 February 14
SMALLER SIZE SEGMENTS HOLDING ON TO THEIR LEVELS; CAPES CORRECTING UPWARDS - INTERMODAL
Chartering (Wet: Stable- / Dry: Stable+)
The Dry Bulk market continued to improve this past week, on the back of rates for the smaller size s ...
Tuesday, 25 February 14
GBCE, A COAL UPGRADING TECHNOLOGY DEVELOPER, APPOINTS RICHARD BULMAN AS PROJECT DIRECTOR
Press Release: GB Clean Energy Ltd. (GBCE) announced today the appointment of Richard Bulman as Project Director. In this capacity Mr. Bulman ...
Tuesday, 25 February 14
ULTRAMAXES ARE THE 'WEAPON OF CHOICE' FOR DRY BULK SHIP OWNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
It's been a busy start in 2014, as the first month of the year was a rather active in terms of second hand vessel purchases and newbuilding orderin ...
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- Attock Cement Pakistan Limited
- Mercuria Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Meralco Power Generation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- Australian Coal Association
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- White Energy Company Limited
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Bank of Tokyo Mitsubishi UFJ Ltd
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Madhucon Powers Ltd - India
- The University of Queensland
- Bahari Cakrawala Sebuku - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Vizag Seaport Private Limited - India
- PTC India Limited - India
- Directorate Of Revenue Intelligence - India
- Latin American Coal - Colombia
- Karbindo Abesyapradhi - Indoneisa
- Therma Luzon, Inc, Philippines
- Thai Mozambique Logistica
- Central Electricity Authority - India
- Karaikal Port Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- Georgia Ports Authority, United States
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Australian Commodity Traders Exchange
- Gujarat Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Global Business Power Corporation, Philippines
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Iligan Light & Power Inc, Philippines
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
- London Commodity Brokers - England
- Savvy Resources Ltd - HongKong
- Lanco Infratech Ltd - India
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Independent Power Producers Association of India
- Kohat Cement Company Ltd. - Pakistan
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Power Finance Corporation Ltd., India
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- PowerSource Philippines DevCo
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- ICICI Bank Limited - India
- Parliament of New Zealand
- Kepco SPC Power Corporation, Philippines
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- Baramulti Group, Indonesia
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Grasim Industreis Ltd - India
- MS Steel International - UAE
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- Indonesian Coal Mining Association
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Barasentosa Lestari - Indonesia
- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Tata Chemicals Ltd - India
- Formosa Plastics Group - Taiwan
- Sical Logistics Limited - India
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining and Power Corporation, Philippines
- Mercator Lines Limited - India
- Electricity Generating Authority of Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- IHS Mccloskey Coal Group - USA
- ASAPP Information Group - India
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- Standard Chartered Bank - UAE
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- Ministry of Mines - Canada
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Romanian Commodities Exchange
- Orica Australia Pty. Ltd.
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Commonwealth Bank - Australia
- Bukit Makmur.PT - Indonesia
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bulk Trading Sa - Switzerland
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Aditya Birla Group - India
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- New Zealand Coal & Carbon
- Bhoruka Overseas - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Neyveli Lignite Corporation Ltd, - India
- Orica Mining Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Indian Oil Corporation Limited
- Bangladesh Power Developement Board
- Star Paper Mills Limited - India
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- Chettinad Cement Corporation Ltd - India
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