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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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Friday, 30 November 12
IS INDONESIAN COAL INDUSTRY DEPENDS HEAVILY ON INDIA AND CHINA?
COALspot.com: Indonesia, the world largest multi grade coal exporter, shipped 35,143,587* tons of coal in October 2012. October exports are 19 ...
Thursday, 29 November 12
BUMI TO PRODUCE 100 MILLION TONS OF COAL BY 2014
COALspot.com - Expansions on both BUMI’ s subsidiaries, PT Kaltim Prima Coal (KPC) and PT Arutmin Indonesia ( Arutmin) , are ...
Thursday, 29 November 12
PANAMAX : A FAIRLY STEADY MARKET WITH USD 8.5-9K/DAY FOR 2 LADEN LEGS IN ATLANTIC - FEARNLEYS
Handy
The Atlantic market continues to remain quiet due to more supply of ships. Rates from USG to Far East were around USD 18k and Black Sea to Fa ...
Thursday, 29 November 12
DRY BULK MARKET SLIGHTLY HIGHER DESPITE LULL ACTIVITY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The dry bulk market was marginally higher yesterday, according to the industry's benchmark, the Baltic Dry Index (BDI), which rose by 7 points to 1 ...
Wednesday, 28 November 12
NEWBUILDING ORDERING PICKS UP AS SHIP OWNERS LOOK TO CLOSE DEALS BEFORE THE END OF THE YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Ship owners are active once again in the newbuilding ordering market, as they look to clinch deals ahead of the end of the year. Once again their fo ...
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- Australian Coal Association
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Straits Asia Resources Limited - Singapore
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- PTC India Limited - India
- Sakthi Sugars Limited - India
- Alfred C Toepfer International GmbH - Germany
- Riau Bara Harum - Indonesia
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- Indogreen Group - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Coastal Gujarat Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Binh Thuan Hamico - Vietnam
- Dalmia Cement Bharat India
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Energy Development Corp, Philippines
- Siam City Cement PLC, Thailand
- Neyveli Lignite Corporation Ltd, - India
- Eastern Energy - Thailand
- Essar Steel Hazira Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- The University of Queensland
- Pipit Mutiara Jaya. PT, Indonesia
- Mercator Lines Limited - India
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- Singapore Mercantile Exchange
- Altura Mining Limited, Indonesia
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- Samtan Co., Ltd - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parliament of New Zealand
- Ministry of Transport, Egypt
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- ICICI Bank Limited - India
- Kepco SPC Power Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- The Treasury - Australian Government
- Power Finance Corporation Ltd., India
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- Intertek Mineral Services - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Bulk Trading Sa - Switzerland
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- India Bulls Power Limited - India
- Bhoruka Overseas - Indonesia
- Antam Resourcindo - Indonesia
- Orica Australia Pty. Ltd.
- VISA Power Limited - India
- White Energy Company Limited
- Cement Manufacturers Association - India
- European Bulk Services B.V. - Netherlands
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Port Waratah Coal Services - Australia
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- Salva Resources Pvt Ltd - India
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Goldman Sachs - Singapore
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Oldendorff Carriers - Singapore
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- Anglo American - United Kingdom
- Marubeni Corporation - India
- Borneo Indobara - Indonesia
- San Jose City I Power Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Sarangani Energy Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Lanco Infratech Ltd - India
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- Planning Commission, India
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Grasim Industreis Ltd - India
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bharathi Cement Corporation - India
- Billiton Holdings Pty Ltd - Australia
- Trasteel International SA, Italy
- Edison Trading Spa - Italy
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Heidelberg Cement - Germany
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Aboitiz Power Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Gujarat Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Indika Energy - Indonesia
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- Petron Corporation, Philippines
- GMR Energy Limited - India
- Latin American Coal - Colombia
- Electricity Authority, New Zealand
- The State Trading Corporation of India Ltd
- Global Green Power PLC Corporation, Philippines
- Sical Logistics Limited - India
- Mercuria Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Karaikal Port Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Attock Cement Pakistan Limited
- SN Aboitiz Power Inc, Philippines
- Semirara Mining Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
- Minerals Council of Australia
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Sree Jayajothi Cements Limited - India
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Global Business Power Corporation, Philippines
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- Rio Tinto Coal - Australia
- Posco Energy - South Korea
- Malabar Cements Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- Maheswari Brothers Coal Limited - India
- Semirara Mining and Power Corporation, Philippines
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- Jorong Barutama Greston.PT - Indonesia
- Central Java Power - Indonesia
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
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