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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 $10 million. It has annual capacity of 4 million tonnes.
Mr Chanin also said the company's Jorong mine in Indonesia would resume operations in late September after being halted since February by the government because of forest encroachment. Authorities have been working with miners to clarify new operating rules.
"Indonesian coal mines are our major revenue contributor. The [total] coal sales target has been maintained at 23 million tonnes this year," he added.
CIMB-GK Securities (Thailand) has downgraded Banpu's 2010 net profit forecast by 1.4% to 14.6 billion baht following the revision of the Daning figures.
BANPU shares closed yesterday on the SET at 620 baht, down 10 baht, in trade worth 793.3 million baht.
Source: Bangkok Post
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Friday, 04 October 13
US COAL PRODUCTION UP 2.1% WEEK ON WEEK - EIA
COALspot.com – United States the world’s second largest coal producer produced approximately 19.70 million short tons (mmst) of coal in ...
Thursday, 03 October 13
INDONESIA AUGUST COAL EXPORTS FALL 12.90 % FROM JULY TO 30.71 MIL MT
COALspot.com: Indonesia, the 15th largest economy in world, 4th largest coal producer in world and world's largest multi grade coal exporter ...
Thursday, 03 October 13
TOP FOUR U.S. COAL COMPANIES SUPPLIED MORE THAN HALF OF U.S. COAL PRODUCTION IN 2011 - EIA
In the past two years, more than half of U.S. coal production was attributable to the top four coal producers, the result of changes in regional pro ...
Thursday, 03 October 13
HANDY: PERIOD MARKET STAND IN GOOD POSITION - FEARNRESEARCH
Handy
Nickel ore and Bauxite was active last week but slowed down now due to Chinese holidays. Ships opened in North China fixed at US$ 11-13k leve ...
Wednesday, 02 October 13
DRY BULK MARKET IS STILL MAINTAINING ITS UPWARD DIRECTION
Chartering (Wet: Stable- / Dry: Firm+)
Despite the fact that rates for Capes didn't continue their crazy ride this past week, the Dry Bulk market ...
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- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- Carbofer General Trading SA - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Bhatia International Limited - India
- Orica Australia Pty. Ltd.
- GMR Energy Limited - India
- Heidelberg Cement - Germany
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Thiess Contractors Indonesia
- Indo Tambangraya Megah - Indonesia
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Sical Logistics Limited - India
- Port Waratah Coal Services - Australia
- The University of Queensland
- Manunggal Multi Energi - Indonesia
- Indonesian Coal Mining Association
- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
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- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
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- Semirara Mining Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Kapuas Tunggal Persada - Indonesia
- Electricity Authority, New Zealand
- Georgia Ports Authority, United States
- Holcim Trading Pte Ltd - Singapore
- Ind-Barath Power Infra Limited - India
- Ambuja Cements Ltd - India
- McConnell Dowell - Australia
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Renaissance Capital - South Africa
- Borneo Indobara - Indonesia
- San Jose City I Power Corp, Philippines
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Aboitiz Power Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Siam City Cement PLC, Thailand
- New Zealand Coal & Carbon
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Planning Commission, India
- Independent Power Producers Association of India
- The Treasury - Australian Government
- Orica Mining Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Parliament of New Zealand
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- The State Trading Corporation of India Ltd
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- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Mercuria Energy - Indonesia
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Maheswari Brothers Coal Limited - India
- PTC India Limited - India
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
- CNBM International Corporation - China
- Therma Luzon, Inc, Philippines
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
- Malabar Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Romanian Commodities Exchange
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- Indian Energy Exchange, India
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- Rio Tinto Coal - Australia
- Dalmia Cement Bharat India
- Indogreen Group - Indonesia
- Commonwealth Bank - Australia
- Coalindo Energy - Indonesia
- ICICI Bank Limited - India
- Sojitz Corporation - Japan
- VISA Power Limited - India
- Global Business Power Corporation, Philippines
- Ministry of Transport, Egypt
- Central Java Power - Indonesia
- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
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- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
- Mintek Dendrill Indonesia
- IHS Mccloskey Coal Group - USA
- Australian Commodity Traders Exchange
- Wilmar Investment Holdings
- Ministry of Finance - Indonesia
- Bulk Trading Sa - Switzerland
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- Lanco Infratech Ltd - India
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Jindal Steel & Power Ltd - India
- ASAPP Information Group - India
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- Bukit Baiduri Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- Vizag Seaport Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
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- Meralco Power Generation, Philippines
- Kumho Petrochemical, South Korea
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhoruka Overseas - Indonesia
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- Anglo American - United Kingdom
- Siam City Cement - Thailand
- Coal and Oil Company - UAE
- Globalindo Alam Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- Electricity Generating Authority of Thailand
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- Petron Corporation, Philippines
- Videocon Industries ltd - India
- Coastal Gujarat Power Limited - India
- Australian Coal Association
- Marubeni Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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