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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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Tuesday, 19 November 13
SHIP OWNER POUR MORE MONEY INTO DRY BULK CARRIER ACQUISITIONS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The recent dry bulk market's rally, coupled with an expected fall in oversupply and robust cargo demand has boosted ship owners' optimism on the l ...
Monday, 18 November 13
SUB-BIT INDONESIA COAL SWAP LOST ON WEEK; MARGINALLY GAINED ON DAY
COALspot.com – Sub-Bit Indonesia coal swap (FOB ) for average Q1’ 14 delivery gained $ 1.25 pmt month on month on Friday 15 Novemb ...
Sunday, 17 November 13
Q4' 14 API 8 CFR SOUTH CHINA COAL SWAP CLOSED $ 3.43 PMT (4.34 %) HIGHER THAN Q1' 14 SWAP
COALspot.com : API 8 CFR South China Coal swaps for average Q1’ 14 delivery gained 0.05 percept d-d on Friday 15 November 2013. The CFR South ...
Saturday, 16 November 13
INDONESIA TO INDIA SUPRAMAX FREIGHT RATES FIRM DUE TO STRONG COAL ACTIVITIES
COALspot.com: The Cape and Panamax index was down this week and pulling down the BDI by about 5 pct. BDI was closed at 1507 points on Friday 1 ...
Friday, 15 November 13
DRY BULK MARKET STILL LINGERING ON, DESPITE PREDICTIONS OF NEW IMMINENT RALLY PRIOR TO THE YEAR'S END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market hasn't yet managed to stage a new comeback after its retreat from the recent multiyear highs. Yesterday, the industry's benchm ...
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- Sree Jayajothi Cements Limited - India
- Anglo American - United Kingdom
- Minerals Council of Australia
- Energy Development Corp, Philippines
- VISA Power Limited - India
- Wilmar Investment Holdings
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- Indian Oil Corporation Limited
- Gujarat Electricity Regulatory Commission - India
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- Deloitte Consulting - India
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- McConnell Dowell - Australia
- Kumho Petrochemical, South Korea
- Meralco Power Generation, Philippines
- Globalindo Alam Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Ministry of Mines - Canada
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- LBH Netherlands Bv - Netherlands
- Economic Council, Georgia
- Coalindo Energy - Indonesia
- Eastern Coal Council - USA
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Medco Energi Mining Internasional
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Metalloyd Limited - United Kingdom
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Kartika Selabumi Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- Parry Sugars Refinery, India
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Kohat Cement Company Ltd. - Pakistan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- The University of Queensland
- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Edison Trading Spa - Italy
- Port Waratah Coal Services - Australia
- Bhatia International Limited - India
- The Treasury - Australian Government
- Grasim Industreis Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Goldman Sachs - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- GVK Power & Infra Limited - India
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Riau Bara Harum - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- Uttam Galva Steels Limited - India
- PTC India Limited - India
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Mercator Lines Limited - India
- Eastern Energy - Thailand
- Sojitz Corporation - Japan
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- Formosa Plastics Group - Taiwan
- Renaissance Capital - South Africa
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Cigading International Bulk Terminal - Indonesia
- Cement Manufacturers Association - India
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- London Commodity Brokers - England
- Parliament of New Zealand
- Maheswari Brothers Coal Limited - India
- Power Finance Corporation Ltd., India
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Oldendorff Carriers - Singapore
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Semirara Mining Corp, Philippines
- Indonesian Coal Mining Association
- Dalmia Cement Bharat India
- Makarim & Taira - Indonesia
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- Malabar Cements Ltd - India
- Central Electricity Authority - India
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- The State Trading Corporation of India Ltd
- Tata Chemicals Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Iligan Light & Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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