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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, 23 January 14
30 DAYS LEFT TO REGISTER FOR PACIFIC BASIN COAL CONFERENCE
COALspot.com: (Press Release) : IHS Inc. (NYSE: IHS), the leading global source of information and analysis, will host the Pacific Basin Coal Confer ...
Wednesday, 22 January 14
HANDY/SMAX: TALK OF RATES INDICATES A STEADY TO FIRMING TREND - INTERMODAL
Last week closed off on the red once more for the Dry Bulk market, which continues to see freight rates trying to get steady feet. Nonetheless, with ...
Wednesday, 22 January 14
EXPORT BAN ON UNPROCESSED MINERALS EFFECTIVE 12 JANUARY 2014 - THREE - YEAR REPRIEVE FOR SOME, BUT UNCERTAINTY REMAINS: PWC
COALspot.com: On 11 January 2014, only hours before a long-debated ban on the export of unprocessed minerals was to come into effect, the Government ...
Wednesday, 22 January 14
DRY SECTOR: SENTIMENT REMAINS STRONG - INTERMODAL
As we have now entered 2014 and the Chinese are soon entering their Year of the Horse (sit tight for the ride!), it is a great opportunity to see ho ...
Wednesday, 22 January 14
SGX SUCCESSFULLY LAUNCHED FREIGHT FUTURES
COALspot.com: Singapore exchanged announced that, SGX Freight Futures were successfully launched on 20 January 2014, and the first trade ...
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- Mintek Dendrill Indonesia
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Larsen & Toubro Limited - India
- Karaikal Port Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Vedanta Resources Plc - India
- Attock Cement Pakistan Limited
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- Timah Investasi Mineral - Indoneisa
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- Commonwealth Bank - Australia
- Ambuja Cements Ltd - India
- International Coal Ventures Pvt Ltd - India
- Indogreen Group - Indonesia
- Maheswari Brothers Coal Limited - India
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- Kaltim Prima Coal - Indonesia
- Independent Power Producers Association of India
- IEA Clean Coal Centre - UK
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- PTC India Limited - India
- Sojitz Corporation - Japan
- South Luzon Thermal Energy Corporation
- Bharathi Cement Corporation - India
- San Jose City I Power Corp, Philippines
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- Economic Council, Georgia
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- The Treasury - Australian Government
- Simpson Spence & Young - Indonesia
- Kartika Selabumi Mining - Indonesia
- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- Sinarmas Energy and Mining - Indonesia
- Rio Tinto Coal - Australia
- OPG Power Generation Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- Cement Manufacturers Association - India
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- Miang Besar Coal Terminal - Indonesia
- Electricity Authority, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Madhucon Powers Ltd - India
- Bhushan Steel Limited - India
- White Energy Company Limited
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Ind-Barath Power Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Energy - Thailand
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Goldman Sachs - Singapore
- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Maharashtra Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Neyveli Lignite Corporation Ltd, - India
- Mercuria Energy - Indonesia
- The State Trading Corporation of India Ltd
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- Meenaskhi Energy Private Limited - India
- Carbofer General Trading SA - India
- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- New Zealand Coal & Carbon
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- Bhatia International Limited - India
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- Wilmar Investment Holdings
- Antam Resourcindo - Indonesia
- Kideco Jaya Agung - Indonesia
- Indonesian Coal Mining Association
- Siam City Cement PLC, Thailand
- Planning Commission, India
- Africa Commodities Group - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- Trasteel International SA, Italy
- Orica Mining Services - Indonesia
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- Global Coal Blending Company Limited - Australia
- Australian Coal Association
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Wood Mackenzie - Singapore
- GN Power Mariveles Coal Plant, Philippines
- PowerSource Philippines DevCo
- Marubeni Corporation - India
- Interocean Group of Companies - India
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- Agrawal Coal Company - India
- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- Pendopo Energi Batubara - Indonesia
- GMR Energy Limited - India
- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement - Thailand
- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
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