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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, 10 February 14
Q1 2015, API 8 CFR SOUTH CHINA COAL SWAP CLOSED AROUND $ 2 HIGHER THAN Q2 14 PRICE
COALspot.com: API 8 CFR South China Coal swaps for average Q2 14 delivery lost 2.61 percent month on month and closed at US$ 77.28 per mt as on Frid ...
Monday, 10 February 14
SUPRAMAX STILL AT AROUND US$ 5K + BB 50K DELIVERY KALIMANTAN FOR A TRIP TO INDIA - CAPT. REDDY
COALspot.com: The BDI was down by 1.71 pct and closed at 1091 points week ended 7 February 2014. The BDI seemed to reach the bottom as the cape inde ...
Saturday, 08 February 14
U.S PRODUCED 84.5 MMMST OF COAL IN JANUARY; 2.05% UP MONTH ON MONTH, EIA SAYS
COALspot.com – United States the world’s second largest coal producer, produced approximately 18.8 million short tons (mmst) of coal in ...
Friday, 07 February 14
DRY BULK MARKET ON ' REVERSE' MODE DUE TO CHINESE HOLIDAYS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has kept its uninspiring mood throughout yet another week, with the Baltic Dry Index (BDI) hovering slightly above the 1,000-poi ...
Thursday, 06 February 14
INDONESIA'S BAN ON THE EXPORT OF RAW MINERAL ORES COMES INTO FORCE - INCE & CO
COALspot.com: On 12 January 2014, the ban on the export of unprocessed mineral ores came into effect in Indonesia. This ban enforces the Mining Law ...
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- Central Electricity Authority - India
- Sical Logistics Limited - India
- Indogreen Group - Indonesia
- Bukit Makmur.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Bhatia International Limited - India
- Deloitte Consulting - India
- Makarim & Taira - Indonesia
- Metalloyd Limited - United Kingdom
- Sakthi Sugars Limited - India
- Interocean Group of Companies - India
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
- The University of Queensland
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
- Indian Energy Exchange, India
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
- Cement Manufacturers Association - India
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Energy Link Ltd, New Zealand
- ICICI Bank Limited - India
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Aboitiz Power Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Cigading International Bulk Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kaltim Prima Coal - Indonesia
- Siam City Cement PLC, Thailand
- Medco Energi Mining Internasional
- Posco Energy - South Korea
- Savvy Resources Ltd - HongKong
- MS Steel International - UAE
- Goldman Sachs - Singapore
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- ASAPP Information Group - India
- Maharashtra Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- Thiess Contractors Indonesia
- Romanian Commodities Exchange
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- SMG Consultants - Indonesia
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Bayan Resources Tbk. - Indonesia
- Jindal Steel & Power Ltd - India
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- Mintek Dendrill Indonesia
- Malabar Cements Ltd - India
- Barasentosa Lestari - Indonesia
- New Zealand Coal & Carbon
- GN Power Mariveles Coal Plant, Philippines
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- Larsen & Toubro Limited - India
- Port Waratah Coal Services - Australia
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Edison Trading Spa - Italy
- Wood Mackenzie - Singapore
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- Economic Council, Georgia
- London Commodity Brokers - England
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Sindya Power Generating Company Private Ltd
- Chettinad Cement Corporation Ltd - India
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- TeaM Sual Corporation - Philippines
- Dalmia Cement Bharat India
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
- Electricity Authority, New Zealand
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- Aditya Birla Group - India
- Mjunction Services Limited - India
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Krishnapatnam Port Company Ltd. - India
- Bahari Cakrawala Sebuku - Indonesia
- Grasim Industreis Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Attock Cement Pakistan Limited
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- Parry Sugars Refinery, India
- Standard Chartered Bank - UAE
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- Thai Mozambique Logistica
- Meralco Power Generation, Philippines
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- LBH Netherlands Bv - Netherlands
- Sree Jayajothi Cements Limited - India
- Minerals Council of Australia
- India Bulls Power Limited - India
- Essar Steel Hazira Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Central Java Power - Indonesia
- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- PowerSource Philippines DevCo
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- Samtan Co., Ltd - South Korea
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- Rio Tinto Coal - Australia
- Vedanta Resources Plc - India
- Vizag Seaport Private Limited - India
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Singapore Mercantile Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Oldendorff Carriers - Singapore
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- Orica Mining Services - Indonesia
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- Mercuria Energy - Indonesia
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