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.
|
|
Thursday, 11 April 13
TNEB HAS OPENED 4.2 MILLION TONS IMPORTED COAL TENDER
COALspot.com - TANGEDCO, the state run utility TANGEDCO (formerly known as TNEB), Tamil Nadu state owned electricity company has opened bids to purc ...
Wednesday, 10 April 13
US COAL CONSUMPTION TO INCREASE FROM 889 MMST IN 2012 TO 948 MMST IN 2013 AND 957 MMST IN 2014 - EIA
Based on estimates for the first quarter of 2013, American coal production has continued to decline.
Total production is down 9.9 million short t ...
Wednesday, 10 April 13
DRY BULK FREIGHT RATES SEEN MOSTLY STABLE IN THE COMING WEEKS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS WORLDWIDE
In its latest report, BIMCO forecast that for the coming six weeks, Capesize time charter average rates will remain subdued around $4,500-8,500 per ...
Monday, 08 April 13
SUB-BIT INDONESIA COAL SWAPS: UPWARD TREND
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for average Q2’ 2013 delivery has gained 2.71 percent and CFR South China coal shipment&nbs ...
Sunday, 07 April 13
CHARTER RATES ARE UNDER PRESSURE DUE TO DECLINING DEMAND - VISTAAR
COALspot.com - The freight market continued to fall further with all the indices down.
The BDI was down by 5.38 pct closing at 861 points and the ...
|
|
|
Showing 4321 to 4325 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Salva Resources Pvt Ltd - India
- New Zealand Coal & Carbon
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- Lanco Infratech Ltd - India
- Xindia Steels Limited - India
- Rashtriya Ispat Nigam Limited - India
- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- AsiaOL BioFuels Corp., Philippines
- Kobexindo Tractors - Indoneisa
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- Grasim Industreis Ltd - India
- Africa Commodities Group - South Africa
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Chettinad Cement Corporation Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- Bukit Makmur.PT - Indonesia
- Oldendorff Carriers - Singapore
- Bayan Resources Tbk. - Indonesia
- Sical Logistics Limited - India
- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
- Eastern Coal Council - USA
- Barasentosa Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- Videocon Industries ltd - India
- Planning Commission, India
- The Treasury - Australian Government
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Alfred C Toepfer International GmbH - Germany
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- IHS Mccloskey Coal Group - USA
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Billiton Holdings Pty Ltd - Australia
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Dalmia Cement Bharat India
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Bukit Baiduri Energy - Indonesia
- Star Paper Mills Limited - India
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- Marubeni Corporation - India
- Bahari Cakrawala Sebuku - Indonesia
- Meenaskhi Energy Private Limited - India
- Uttam Galva Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- Interocean Group of Companies - India
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Directorate Of Revenue Intelligence - India
- Pendopo Energi Batubara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- Mintek Dendrill Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- Minerals Council of Australia
- IEA Clean Coal Centre - UK
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- Bulk Trading Sa - Switzerland
- Global Green Power PLC Corporation, Philippines
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Cigading International Bulk Terminal - Indonesia
- Heidelberg Cement - Germany
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Siam City Cement PLC, Thailand
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- Kaltim Prima Coal - Indonesia
- Central Java Power - Indonesia
- Simpson Spence & Young - Indonesia
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Economic Council, Georgia
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bhatia International Limited - India
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Baramulti Group, Indonesia
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- Sojitz Corporation - Japan
- Metalloyd Limited - United Kingdom
- Edison Trading Spa - Italy
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- VISA Power Limited - India
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- Indian Energy Exchange, India
- Renaissance Capital - South Africa
- Karaikal Port Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indogreen Group - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Indian Oil Corporation Limited
- Kepco SPC Power Corporation, Philippines
- Energy Development Corp, Philippines
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- London Commodity Brokers - England
- White Energy Company Limited
- Standard Chartered Bank - UAE
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- Semirara Mining Corp, Philippines
- Anglo American - United Kingdom
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
|
| |
| |
|
