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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 $10 million. It has annual capacity of 4 million tonnes.
Mr Chanin also said the company's Jorong mine in Indonesia would resume operations in late September after being halted since February by the government because of forest encroachment. Authorities have been working with miners to clarify new operating rules.
"Indonesian coal mines are our major revenue contributor. The [total] coal sales target has been maintained at 23 million tonnes this year," he added.
CIMB-GK Securities (Thailand) has downgraded Banpu's 2010 net profit forecast by 1.4% to 14.6 billion baht following the revision of the Daning figures.
BANPU shares closed yesterday on the SET at 620 baht, down 10 baht, in trade worth 793.3 million baht.
Source: Bangkok Post
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Sunday, 13 October 13
API 8 CFR SOUTH CHINA COAL - AVERAGE Q4 2013 DELIVERY FELL 0.30 PERCEPT ON WEEK
COALspot.com : API 8 CFR South China Coal swaps for average Q4 2013 delivery fell 0.30 percept week on week on Friday 11 October 2013. The CFR South ...
Saturday, 12 October 13
PANAMAX: OWNERS ARE AT US$ 17-18.5K PER DAY; CHARTERERS ARE AT US$ 15.5-16K - CAPT. REDDY
COALspot.com - The futures market was heavily down on the cape size vessels and the physical average charterer rates on cape size vessels dropped by ...
Friday, 11 October 13
DRY BULK FREIGHT RATE POSITIVE MOMENTUM TO BE SUPPORTED BY HIGHER DEMAND SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
BIMCO released its latest short term research on the shipping markets, estimating that the elevated level of Capesize TC average rates i ...
Friday, 11 October 13
US COAL PRODUCTION FALLS 7.70% IN SEPTEMBER
COALspot.com – United States the world’s second largest coal producer produced approximately 17.70 million short tons (mmst) of coal in ...
Thursday, 10 October 13
NPC AUSTRALIA SHIPPED 2.99 MILLION TONS OF COAL W-O-W
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port up 12.04 per cent week on week to 2.99 million mt for ...
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- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- Bhatia International Limited - India
- Parliament of New Zealand
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Deloitte Consulting - India
- CIMB Investment Bank - Malaysia
- Independent Power Producers Association of India
- IEA Clean Coal Centre - UK
- Agrawal Coal Company - India
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
- Simpson Spence & Young - Indonesia
- The University of Queensland
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Meralco Power Generation, Philippines
- Power Finance Corporation Ltd., India
- Grasim Industreis Ltd - India
- Bulk Trading Sa - Switzerland
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- GN Power Mariveles Coal Plant, Philippines
- Essar Steel Hazira Ltd - India
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Thiess Contractors Indonesia
- Chamber of Mines of South Africa
- Uttam Galva Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- Central Java Power - Indonesia
- Riau Bara Harum - Indonesia
- Karaikal Port Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Sical Logistics Limited - India
- CNBM International Corporation - China
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- Minerals Council of Australia
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Barasentosa Lestari - Indonesia
- Attock Cement Pakistan Limited
- Kepco SPC Power Corporation, Philippines
- Indian Energy Exchange, India
- Coal and Oil Company - UAE
- Cigading International Bulk Terminal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Intertek Mineral Services - Indonesia
- Renaissance Capital - South Africa
- Oldendorff Carriers - Singapore
- Larsen & Toubro Limited - India
- Standard Chartered Bank - UAE
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Ministry of Finance - Indonesia
- India Bulls Power Limited - India
- Electricity Authority, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Carbofer General Trading SA - India
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- SN Aboitiz Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- Xindia Steels Limited - India
- Borneo Indobara - Indonesia
- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- SMC Global Power, Philippines
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Australia Pty. Ltd.
- Parry Sugars Refinery, India
- Manunggal Multi Energi - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Goldman Sachs - Singapore
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- Vedanta Resources Plc - India
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- Australian Coal Association
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Banpu Public Company Limited - Thailand
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- Siam City Cement - Thailand
- Indo Tambangraya Megah - Indonesia
- Singapore Mercantile Exchange
- SMG Consultants - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ceylon Electricity Board - Sri Lanka
- Kalimantan Lumbung Energi - Indonesia
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Edison Trading Spa - Italy
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Videocon Industries ltd - India
- Central Electricity Authority - India
- Straits Asia Resources Limited - Singapore
- AsiaOL BioFuels Corp., Philippines
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- South Luzon Thermal Energy Corporation
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- MS Steel International - UAE
- Asmin Koalindo Tuhup - Indonesia
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- VISA Power Limited - India
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Sinarmas Energy and Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- Africa Commodities Group - South Africa
- Maheswari Brothers Coal Limited - India
- Lanco Infratech Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- GMR Energy Limited - India
- Pendopo Energi Batubara - Indonesia
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Offshore Bulk Terminal Pte Ltd, Singapore
- Latin American Coal - Colombia
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- Petrochimia International Co. Ltd.- Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- Merrill Lynch Commodities Europe
- Star Paper Mills Limited - India
- Energy Development Corp, Philippines
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
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