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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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Sunday, 09 December 12
LOW DEMAND PUSHES CHARTER RATES TOWARDS DOWN - VISTAAR
COALspot.com - The freight market has softened and BDI, The Baltic Dry Index, a measure of shipping costs for dry bulk goods, plunged below 10 ...
Friday, 07 December 12
A NEW PHASE FOR AUSTRALIAN RESOURCES - A FITCH STREET INTERVIEW
This week Matt Jamieson spoke with Andrew Colquhoun in Fitch's Asian sovereign rating team, and Vicky Melbourne, Fitch's commodity analyst based i ...
Friday, 07 December 12
SHIPPING INDUSTRY LOOKING ON YET ANOTHER TOUGH YEAR AS WE APPROACH 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With shipping finance "on the ropes" as traditional lenders appear to be cutting their losses and tonnage oversupply still the most import ...
Thursday, 06 December 12
PANAMAX : THE POSITIVE VIBES IN THE ATLANTIC REMAINS - FEARNLEYS AS
Handy
The Atlantic market is still depressed with dearth of cargoes and more ships. The trips from Continent to Feast fixed around USD 12k. Trips f ...
Thursday, 06 December 12
STRONG CHINESE DEMAND FOR DRY BULK COMMODITIES EXPECTED FOR 2013 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
A new analysis from BIMCO released yesterday suggests that 2013 is expected to be a stronger year in terms of China's "hunger" for commod ...
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- Eastern Energy - Thailand
- Standard Chartered Bank - UAE
- Sakthi Sugars Limited - India
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Borneo Indobara - Indonesia
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- IHS Mccloskey Coal Group - USA
- Alfred C Toepfer International GmbH - Germany
- Ind-Barath Power Infra Limited - India
- Jindal Steel & Power Ltd - India
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- TNB Fuel Sdn Bhd - Malaysia
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- Australian Commodity Traders Exchange
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Sojitz Corporation - Japan
- Deloitte Consulting - India
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- PTC India Limited - India
- Romanian Commodities Exchange
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- Central Electricity Authority - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Intertek Mineral Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
- Cement Manufacturers Association - India
- Price Waterhouse Coopers - Russia
- Billiton Holdings Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Maheswari Brothers Coal Limited - India
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- ICICI Bank Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Indian Oil Corporation Limited
- Planning Commission, India
- Mintek Dendrill Indonesia
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Essar Steel Hazira Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Mercator Lines Limited - India
- PowerSource Philippines DevCo
- Sical Logistics Limited - India
- Simpson Spence & Young - Indonesia
- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Karaikal Port Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- White Energy Company Limited
- Bayan Resources Tbk. - Indonesia
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- MS Steel International - UAE
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Power Finance Corporation Ltd., India
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- VISA Power Limited - India
- GMR Energy Limited - India
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- Merrill Lynch Commodities Europe
- Petron Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Indika Energy - Indonesia
- Georgia Ports Authority, United States
- Rio Tinto Coal - Australia
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Star Paper Mills Limited - India
- Bukit Makmur.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Port Waratah Coal Services - Australia
- Interocean Group of Companies - India
- Jaiprakash Power Ventures ltd
- Directorate Of Revenue Intelligence - India
- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- Minerals Council of Australia
- Bangladesh Power Developement Board
- Pendopo Energi Batubara - Indonesia
- Oldendorff Carriers - Singapore
- Chettinad Cement Corporation Ltd - India
- Ministry of Transport, Egypt
- London Commodity Brokers - England
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- Thai Mozambique Logistica
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Renaissance Capital - South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Xindia Steels Limited - India
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- Bhatia International Limited - India
- SMC Global Power, Philippines
- OPG Power Generation Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Commonwealth Bank - Australia
- Australian Coal Association
- Global Business Power Corporation, Philippines
- Tamil Nadu electricity Board
- Economic Council, Georgia
- Gujarat Electricity Regulatory Commission - India
- Kobexindo Tractors - Indoneisa
- Indian Energy Exchange, India
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Wood Mackenzie - Singapore
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- International Coal Ventures Pvt Ltd - India
- Medco Energi Mining Internasional
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- Petrochimia International Co. Ltd.- Taiwan
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