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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, 27 January 14
Q3 2014 SUB-BIT INDONESIA COAL SWAP LOST GROUND, ENDS AT $60 PMT
COALspot.com – Sub-Bit Indonesia coal swap (FOB) for average Q1’ 14 delivery lost 2.29% pmt month on month on Friday 24 January 2014. Th ...
Sunday, 26 January 14
FREIGHT RATES FALL FURTHER ON LACK OF CARGOES - SOLYM CARRIERS
COALspot.com: The freight market has continued to soften further this week with BDI down by 12.31 pct. BDI was closed at 1,246 points week ended 24 ...
Friday, 24 January 14
US COAL PRODUCTION UP 3.9% ON WEEK IN WEEK ENDED SATURDAY - EIA
COALspot.com – United States the world’s second largest coal producer, produced approximately 19.1 million short tons (mmst) of coal in ...
Friday, 24 January 14
DRY BULK MARKET STRUGGLING TO FIND FIRM FOOTING IN START OF 2014 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market has been faltering since the start of 2014, struggling to hold its ground as low seasonal demand has hindered further growth in ...
Thursday, 23 January 14
PANAMAX : THIS WEEK THE ACTIVITY CAME DOWN DRAMATICALLY - FEARNRESEARCH
Handy
With the Chinese New Year approaching the activity and rate levels are sliding in both hemispheres. Rates in the Atlantic have knocked off so ...
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- Price Waterhouse Coopers - Russia
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Jindal Steel & Power Ltd - India
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Sinarmas Energy and Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- Makarim & Taira - Indonesia
- Mintek Dendrill Indonesia
- IEA Clean Coal Centre - UK
- Petrochimia International Co. Ltd.- Taiwan
- PetroVietnam Power Coal Import and Supply Company
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- Edison Trading Spa - Italy
- Krishnapatnam Port Company Ltd. - India
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- ASAPP Information Group - India
- PTC India Limited - India
- SN Aboitiz Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- GMR Energy Limited - India
- Indonesian Coal Mining Association
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bulk Trading Sa - Switzerland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Development Corp, Philippines
- Bhatia International Limited - India
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- Antam Resourcindo - Indonesia
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- Indogreen Group - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Coastal Gujarat Power Limited - India
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
- Cement Manufacturers Association - India
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Sindya Power Generating Company Private Ltd
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- Independent Power Producers Association of India
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- Gujarat Sidhee Cement - India
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Formosa Plastics Group - Taiwan
- Ambuja Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Georgia Ports Authority, United States
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
- Parry Sugars Refinery, India
- Sarangani Energy Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Gujarat Electricity Regulatory Commission - India
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Orica Mining Services - Indonesia
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- India Bulls Power Limited - India
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Bhoruka Overseas - Indonesia
- Port Waratah Coal Services - Australia
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- Central Java Power - Indonesia
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- Cigading International Bulk Terminal - Indonesia
- Latin American Coal - Colombia
- Renaissance Capital - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- South Luzon Thermal Energy Corporation
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Romanian Commodities Exchange
- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- Energy Link Ltd, New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- Sree Jayajothi Cements Limited - India
- McConnell Dowell - Australia
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- London Commodity Brokers - England
- Ministry of Mines - Canada
- Bukit Baiduri Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Minerals Council of Australia
- Kumho Petrochemical, South Korea
- Straits Asia Resources Limited - Singapore
- Star Paper Mills Limited - India
- Manunggal Multi Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- The University of Queensland
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- Vizag Seaport Private Limited - India
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Heidelberg Cement - Germany
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- Economic Council, Georgia
- Global Coal Blending Company Limited - Australia
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
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