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 $10 million. It has annual capacity of 4 million tonnes.
Mr Chanin also said the company's Jorong mine in Indonesia would resume operations in late September after being halted since February by the government because of forest encroachment. Authorities have been working with miners to clarify new operating rules.
"Indonesian coal mines are our major revenue contributor. The [total] coal sales target has been maintained at 23 million tonnes this year," he added.
CIMB-GK Securities (Thailand) has downgraded Banpu's 2010 net profit forecast by 1.4% to 14.6 billion baht following the revision of the Daning figures.
BANPU shares closed yesterday on the SET at 620 baht, down 10 baht, in trade worth 793.3 million baht.
Source: Bangkok Post
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 03 February 14
SUB-BIT INDONESIA COAL SWAP GAINED WEEK ON WEEK
COALspot.com – Swaps prices gained for thermal coal loading from Indonesia, the world’s largest exporter of the fuel, according SGX.
...
Monday, 03 February 14
API 8 CFR SOUTH CHINA COAL SWAP CONTRACTS FALL
COALspot.com: API 8 CFR South China Coal swaps for average Q1 14 delivery lost 4.71 percent month on month and closed at US$ 78.87 per mt as on Frid ...
Monday, 03 February 14
COAL FREIGHT RATES REMAIN UNDER PRESSURE
COALspot.com: The BDI is fell 50 pct over last one month which seems to be one of the lowest fall in last few years.
The BDI was down by 11 ...
Friday, 31 January 14
U.S. COAL PRODUCTION TOTALED APPROXIMATELY 19.2 MMST W-O-W
COALspot.com – United States the world’s second largest coal producer, produced approximately 19.2 million short tons (mmst) of coal in ...
Friday, 31 January 14
DRY BULK MARKET STILL ON A FALL, EXPECTED TO WORSEN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market is definitely in the doldrums since the start of the year, in what could only be described as a "lost" month for indus ...
|
|
|
Showing 3871 to 3875 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Banpu Public Company Limited - Thailand
- Africa Commodities Group - South Africa
- Wilmar Investment Holdings
- Parliament of New Zealand
- Vedanta Resources Plc - India
- Uttam Galva Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Malabar Cements Ltd - India
- Agrawal Coal Company - India
- Simpson Spence & Young - Indonesia
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Kumho Petrochemical, South Korea
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- Australian Coal Association
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- Jorong Barutama Greston.PT - Indonesia
- PTC India Limited - India
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- Sree Jayajothi Cements Limited - India
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
- Cement Manufacturers Association - India
- GAC Shipping (India) Pvt Ltd
- Bhatia International Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Marubeni Corporation - India
- Alfred C Toepfer International GmbH - Germany
- Goldman Sachs - Singapore
- Energy Development Corp, Philippines
- Electricity Authority, New Zealand
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Petron Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- GVK Power & Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- Bhushan Steel Limited - India
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- Indo Tambangraya Megah - Indonesia
- Planning Commission, India
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- ICICI Bank Limited - India
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Antam Resourcindo - Indonesia
- Global Coal Blending Company Limited - Australia
- Ambuja Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- Manunggal Multi Energi - Indonesia
- Anglo American - United Kingdom
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- IHS Mccloskey Coal Group - USA
- Ministry of Mines - Canada
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- Minerals Council of Australia
- The University of Queensland
- Intertek Mineral Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Central Java Power - Indonesia
- Chamber of Mines of South Africa
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- Dalmia Cement Bharat India
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Commonwealth Bank - Australia
- Posco Energy - South Korea
- Bharathi Cement Corporation - India
- Sakthi Sugars Limited - India
- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Jaiprakash Power Ventures ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Oldendorff Carriers - Singapore
- Maheswari Brothers Coal Limited - India
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- SN Aboitiz Power Inc, Philippines
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Straits Asia Resources Limited - Singapore
- London Commodity Brokers - England
- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
- Aditya Birla Group - India
- Tata Chemicals Ltd - India
- MS Steel International - UAE
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Orica Mining Services - Indonesia
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Eastern Coal Council - USA
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coal and Oil Company - UAE
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- Kalimantan Lumbung Energi - Indonesia
- Madhucon Powers Ltd - India
- Aboitiz Power Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Directorate Of Revenue Intelligence - India
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- VISA Power Limited - India
- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- OPG Power Generation Pvt Ltd - India
- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Larsen & Toubro Limited - India
- TeaM Sual Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Rashtriya Ispat Nigam Limited - India
- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Indonesian Coal Mining Association
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- Grasim Industreis Ltd - India
- Siam City Cement PLC, Thailand
- Ministry of Finance - Indonesia
- White Energy Company Limited
- Siam City Cement - Thailand
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- Videocon Industries ltd - India
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
|
| |
| |
|
