We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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 $10 million. It has annual capacity of 4 million tonnes.
Mr Chanin also said the company's Jorong mine in Indonesia would resume operations in late September after being halted since February by the government because of forest encroachment. Authorities have been working with miners to clarify new operating rules.
"Indonesian coal mines are our major revenue contributor. The [total] coal sales target has been maintained at 23 million tonnes this year," he added.
CIMB-GK Securities (Thailand) has downgraded Banpu's 2010 net profit forecast by 1.4% to 14.6 billion baht following the revision of the Daning figures.
BANPU shares closed yesterday on the SET at 620 baht, down 10 baht, in trade worth 793.3 million baht.
Source: Bangkok Post
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Sunday, 07 July 13
COAL PRICES REMAIN UNDER PRESSURE
COALspot.com – Coal swaps for the year 2014 indicate that, the pressure on coal prices will continue at least until next year. Ave ...
Friday, 05 July 13
THE DRY BULK MARKET IS GOING FROM STRENGTH TO STRENGTH - INTERMODAL
The Capesize sector has been one that has gone through a wild rollercoaster of emotions this past decade, ranging from the exuberance witnessed duri ...
Thursday, 04 July 13
CHALLENGER SIGNS FORMAL EXCLUSIVE MINING AND MARKETING AGREEMENT FOR ABBR PROJECT IN CENTRAL KALIMANTAN
COALspot.com - Challenger Deep Resources Corp., through its subsidiary PT Bestindo Energy has signed the formal exclusive Mining and Marketing agree ...
Thursday, 04 July 13
ASX LISTED QBL TO ACQUIRE INTERESTS IN MOZAMBIQUE COAL EXPLORATION LICENSES
- QBL to acquire interests in two Mozambique exploration licences prospective for coal
- Licenses located in the highly prospective Zambezi basin, ...
Thursday, 04 July 13
HANDY : INDO/CHINA, CHARTERERS RATING AROUND US$ 10,000 - FEARNLEYS AS
Handy
The Feast market firmed slightly up as mid-July cargos entered the market, but charterers seems not in hurry to cover them and looking for ch ...
|
|
|
Showing 4221 to 4225 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- SN Aboitiz Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Standard Chartered Bank - UAE
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Energy Development Corp, Philippines
- CIMB Investment Bank - Malaysia
- White Energy Company Limited
- Metalloyd Limited - United Kingdom
- Baramulti Group, Indonesia
- Bhushan Steel Limited - India
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- Vizag Seaport Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- Lanco Infratech Ltd - India
- The State Trading Corporation of India Ltd
- Carbofer General Trading SA - India
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Straits Asia Resources Limited - Singapore
- South Luzon Thermal Energy Corporation
- The Treasury - Australian Government
- Independent Power Producers Association of India
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- Madhucon Powers Ltd - India
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Parliament of New Zealand
- Therma Luzon, Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Gujarat Mineral Development Corp Ltd - India
- San Jose City I Power Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Siam City Cement - Thailand
- Videocon Industries ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Indika Energy - Indonesia
- Coalindo Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
- Mintek Dendrill Indonesia
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Africa Commodities Group - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Bulk Trading Sa - Switzerland
- Binh Thuan Hamico - Vietnam
- Banpu Public Company Limited - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- Iligan Light & Power Inc, Philippines
- Chamber of Mines of South Africa
- Intertek Mineral Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- Directorate General of MIneral and Coal - Indonesia
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Sojitz Corporation - Japan
- Coastal Gujarat Power Limited - India
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- Bukit Makmur.PT - Indonesia
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- MS Steel International - UAE
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- CNBM International Corporation - China
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- Salva Resources Pvt Ltd - India
- Agrawal Coal Company - India
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- Bharathi Cement Corporation - India
- Essar Steel Hazira Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Medco Energi Mining Internasional
- Gujarat Electricity Regulatory Commission - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Sarangani Energy Corporation, Philippines
- The University of Queensland
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
- Australian Coal Association
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- Tamil Nadu electricity Board
- Kobexindo Tractors - Indoneisa
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- GVK Power & Infra Limited - India
- Planning Commission, India
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- Sree Jayajothi Cements Limited - India
- Electricity Generating Authority of Thailand
- Thai Mozambique Logistica
- Kartika Selabumi Mining - Indonesia
- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Samtan Co., Ltd - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- GAC Shipping (India) Pvt Ltd
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Vedanta Resources Plc - India
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- Meenaskhi Energy Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Mercuria Energy - Indonesia
- Meralco Power Generation, Philippines
- TeaM Sual Corporation - Philippines
- Trasteel International SA, Italy
- Wilmar Investment Holdings
- Ind-Barath Power Infra Limited - India
- Kumho Petrochemical, South Korea
- Kaltim Prima Coal - Indonesia
- Borneo Indobara - Indonesia
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Sidhee Cement - India
- Latin American Coal - Colombia
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- Edison Trading Spa - Italy
- Aboitiz Power Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- IHS Mccloskey Coal Group - USA
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Makarim & Taira - Indonesia
- Directorate Of Revenue Intelligence - India
- Siam City Cement PLC, Thailand
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- Petron Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Central Java Power - Indonesia
- VISA Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
|
| |
| |
|
