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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, 05 September 13
DRY BULK MARKET ON A HIGH ROLL, MAINLY THANKS TO CAPESIZE APPETITE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Capesize owners have been rejoycing on the back of renewed optimism for the further rise in the dry bulk market's freight rates, especially when on ...
Wednesday, 04 September 13
RBCT SHIPPED 16.18 PERCENT MORE COAL IN JULY
COALspot.com - Richards Bay Coal Terminal (RBCT) is the single largest coal export terminal South African as well as in the world has shipped 6,162, ...
Wednesday, 04 September 13
SUPRAS AND HANDIES : INDONESIAN COAL CARGOES ARE SUPPORTING HEALTHY ACTIVITY LEVELS - INTERMODAL
The Dry Bulk market has pooled back a bit this week after firming for two weeks in a row. The BDI is s holding above 1,100 points and despite the sm ...
Tuesday, 03 September 13
AUSTRALIA'S NEWCASTLE PORT SHIPPED 22.93 PER CENT MORE COAL W-O-W
COALspot.com: Power plant and semi-soft coking coal shipments from Australia's Newcastle port up 22.93 per cent week on week to 3.39 million mt for ...
Sunday, 01 September 13
COAL SWAP SHOWS MIXED TREND
COALspot.com – Sub-Bit Indonesia coal swaps (FOB ) for average Q4 2013 delivery 1.25 percent up month on month. The swap was moved posit ...
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- Tata Chemicals Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Manunggal Multi Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Interocean Group of Companies - India
- Australian Coal Association
- Orica Mining Services - Indonesia
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- VISA Power Limited - India
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- Bukit Makmur.PT - Indonesia
- Toyota Tsusho Corporation, Japan
- GVK Power & Infra Limited - India
- White Energy Company Limited
- Maharashtra Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Gujarat Mineral Development Corp Ltd - India
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- Global Green Power PLC Corporation, Philippines
- Independent Power Producers Association of India
- Mintek Dendrill Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- Parliament of New Zealand
- Port Waratah Coal Services - Australia
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- PTC India Limited - India
- Thiess Contractors Indonesia
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- LBH Netherlands Bv - Netherlands
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- Metalloyd Limited - United Kingdom
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Cement Manufacturers Association - India
- SMG Consultants - Indonesia
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Siam City Cement PLC, Thailand
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
- Kepco SPC Power Corporation, Philippines
- Medco Energi Mining Internasional
- Videocon Industries ltd - India
- Gujarat Sidhee Cement - India
- TeaM Sual Corporation - Philippines
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- Planning Commission, India
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Central Electricity Authority - India
- Formosa Plastics Group - Taiwan
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- Star Paper Mills Limited - India
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Jorong Barutama Greston.PT - Indonesia
- OPG Power Generation Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- Sical Logistics Limited - India
- Kideco Jaya Agung - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Savvy Resources Ltd - HongKong
- AsiaOL BioFuels Corp., Philippines
- Mercator Lines Limited - India
- Bhatia International Limited - India
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
- New Zealand Coal & Carbon
- Orica Australia Pty. Ltd.
- The University of Queensland
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- Commonwealth Bank - Australia
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Economic Council, Georgia
- Ministry of Finance - Indonesia
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- Minerals Council of Australia
- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
- Goldman Sachs - Singapore
- Attock Cement Pakistan Limited
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- Africa Commodities Group - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thai Mozambique Logistica
- Deloitte Consulting - India
- Altura Mining Limited, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Meralco Power Generation, Philippines
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- Mercuria Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- Eastern Energy - Thailand
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- CIMB Investment Bank - Malaysia
- Coalindo Energy - Indonesia
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Kobexindo Tractors - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- Trasteel International SA, Italy
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- Malabar Cements Ltd - India
- Jaiprakash Power Ventures ltd
- GAC Shipping (India) Pvt Ltd
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- Essar Steel Hazira Ltd - India
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Standard Chartered Bank - UAE
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Global Coal Blending Company Limited - Australia
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