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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, 23 April 13
INDONESIAN STATE OWNED COAL MINER SHIPPED 4 PERCENT MORE COAL IN 1Q
COALspot.com - PT. Bukit Asam, the Indonesian state owned coal miner shipped more coal in first quarter of this year compared to the same period in ...
Tuesday, 23 April 13
REALM CONTINUES AS 51% OWNER AND MANAGER OF THE KATINGAN RIA THERMAL COAL PROJECT
COALspot.com - Realm Resources Ltd. (ASX: RRP) has announced today that, the commercial way forward for the development of its 51% held Indonesian t ...
Tuesday, 23 April 13
TIGERS REALM COAL HAS SOME OF THE WORLD'S BEST UNDEVELOPED COKING COAL ASSETS - EXECUTIVE CHAIRMAN
COALspot.com - “ During 2012, your Company has made very significant progress towards meeting its stated objective of becoming a global player ...
Tuesday, 23 April 13
AUSTRALIA'S NEWCASTLE PORT COAL SHIPMENTS DROPPED BY 4.38 PERCENT W-O-W
COALspot.com - Newcastle port in Australia has loaded 2,434,336 tons of thermal and coking coal for week ended 0700 hours 22 April 2013, Newca ...
Sunday, 21 April 13
INDONESIA - INDIA COAL FREIGHT RATES ARE FIRMING UP - CAPT. REDDY
COALspot.com – The BDI was up by 1.40 pct closed at 888 points week ended 19 April 2013. The Cape index was down by 2.45 pct closing at 1234 p ...
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- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Bukit Makmur.PT - Indonesia
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- VISA Power Limited - India
- Kideco Jaya Agung - Indonesia
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Trasteel International SA, Italy
- Petron Corporation, Philippines
- Romanian Commodities Exchange
- Uttam Galva Steels Limited - India
- Kumho Petrochemical, South Korea
- Latin American Coal - Colombia
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Jaiprakash Power Ventures ltd
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- South Luzon Thermal Energy Corporation
- Indogreen Group - Indonesia
- CIMB Investment Bank - Malaysia
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- Wilmar Investment Holdings
- Standard Chartered Bank - UAE
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Star Paper Mills Limited - India
- McConnell Dowell - Australia
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Siam City Cement PLC, Thailand
- Orica Mining Services - Indonesia
- Chamber of Mines of South Africa
- Savvy Resources Ltd - HongKong
- Mintek Dendrill Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Samtan Co., Ltd - South Korea
- Economic Council, Georgia
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Salva Resources Pvt Ltd - India
- SMC Global Power, Philippines
- Agrawal Coal Company - India
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- Sakthi Sugars Limited - India
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kepco SPC Power Corporation, Philippines
- Malabar Cements Ltd - India
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- Intertek Mineral Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- ICICI Bank Limited - India
- The Treasury - Australian Government
- Mercator Lines Limited - India
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Makarim & Taira - Indonesia
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- TeaM Sual Corporation - Philippines
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Power Finance Corporation Ltd., India
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- Oldendorff Carriers - Singapore
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Coastal Gujarat Power Limited - India
- San Jose City I Power Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Thai Mozambique Logistica
- Borneo Indobara - Indonesia
- Banpu Public Company Limited - Thailand
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- Ceylon Electricity Board - Sri Lanka
- Deloitte Consulting - India
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Eastern Coal Council - USA
- New Zealand Coal & Carbon
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- ASAPP Information Group - India
- Sojitz Corporation - Japan
- Global Coal Blending Company Limited - Australia
- PTC India Limited - India
- Billiton Holdings Pty Ltd - Australia
- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Marubeni Corporation - India
- Central Electricity Authority - India
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Xindia Steels Limited - India
- Mercuria Energy - Indonesia
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Ministry of Transport, Egypt
- Indian Oil Corporation Limited
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- Bhatia International Limited - India
- Posco Energy - South Korea
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Electricity Generating Authority of Thailand
- Planning Commission, India
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- Bahari Cakrawala Sebuku - Indonesia
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
- PNOC Exploration Corporation - Philippines
- Wood Mackenzie - Singapore
- Sindya Power Generating Company Private Ltd
- Meralco Power Generation, Philippines
- Bhushan Steel Limited - India
- Pendopo Energi Batubara - Indonesia
- Port Waratah Coal Services - Australia
- Formosa Plastics Group - Taiwan
- Semirara Mining Corp, Philippines
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