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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, 09 November 12
SHIP OWNERS TURN TO SECOND HAND VESSELS, WHICH COME AT ATTRACTIVE PRICES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
The attractiveness of modern second hand vessels, which are often priced aggressively can't be ignored by cash-rich ship owners, who are taking adv ...
Thursday, 08 November 12
LARGE ECO SUPRA : INDO - INDIA NOW FIXED AT USD 11K FOR DELIVERY SINGAPORE - FEARNLEYS
Handy
The Atlantic market continues to remain weak with rates further softening on FH. Rates from USG to Feast were around USD 14k and Black Sea to ...
Thursday, 08 November 12
DRY BULK MARKET RETREATS AGAIN ON HIGHER SHIP SUPPLY - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
In further evidence of a latest round of dry bulk shipping misery, the industry's benchmark fell for the 11th straight session yesterday, as the in ...
Thursday, 08 November 12
JOIN CHINA STEAM COAL SUPPLY - DEMAND FORUM
Join China Steam Coal Supply-Demand Forum & Visit Shenhua Yudean Zhuhai Port Coal Terminal
Press Release - Organized by CBI BIZ and suppo ...
Wednesday, 07 November 12
NEWBUILDING ORDERING ACTIVITY ON A STEADY PACE PRIOR TO THE END OF THE YEAR - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
Newbuilding orders, which to many involved in the shipping industry, are the main reason of today's low freight rates and subsequent financial prob ...
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Showing 4511 to 4515 news of total 6871 |
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Interocean Group of Companies - India
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- Ceylon Electricity Board - Sri Lanka
- Coalindo Energy - Indonesia
- Xindia Steels Limited - India
- Merrill Lynch Commodities Europe
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Sarangani Energy Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Directorate General of MIneral and Coal - Indonesia
- Agrawal Coal Company - India
- Medco Energi Mining Internasional
- Energy Development Corp, Philippines
- Bharathi Cement Corporation - India
- Parliament of New Zealand
- Indika Energy - Indonesia
- Orica Mining Services - Indonesia
- Mercator Lines Limited - India
- Sical Logistics Limited - India
- Straits Asia Resources Limited - Singapore
- Alfred C Toepfer International GmbH - Germany
- GMR Energy Limited - India
- Sakthi Sugars Limited - India
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kideco Jaya Agung - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Lanco Infratech Ltd - India
- Aboitiz Power Corporation - Philippines
- Semirara Mining Corp, Philippines
- Videocon Industries ltd - India
- Indogreen Group - Indonesia
- Savvy Resources Ltd - HongKong
- Binh Thuan Hamico - Vietnam
- Thiess Contractors Indonesia
- Larsen & Toubro Limited - India
- Siam City Cement PLC, Thailand
- Indian Energy Exchange, India
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Latin American Coal - Colombia
- PowerSource Philippines DevCo
- London Commodity Brokers - England
- Pendopo Energi Batubara - Indonesia
- The University of Queensland
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- PTC India Limited - India
- Bukit Makmur.PT - Indonesia
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Rashtriya Ispat Nigam Limited - India
- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Toyota Tsusho Corporation, Japan
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- Wilmar Investment Holdings
- Sinarmas Energy and Mining - Indonesia
- IEA Clean Coal Centre - UK
- PNOC Exploration Corporation - Philippines
- Goldman Sachs - Singapore
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Vedanta Resources Plc - India
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Samtan Co., Ltd - South Korea
- Vizag Seaport Private Limited - India
- The Treasury - Australian Government
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- Marubeni Corporation - India
- Singapore Mercantile Exchange
- Ministry of Transport, Egypt
- LBH Netherlands Bv - Netherlands
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- Indian Oil Corporation Limited
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- ICICI Bank Limited - India
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Malabar Cements Ltd - India
- SMG Consultants - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- ASAPP Information Group - India
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- Central Java Power - Indonesia
- Baramulti Group, Indonesia
- Banpu Public Company Limited - Thailand
- Bhushan Steel Limited - India
- VISA Power Limited - India
- Oldendorff Carriers - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Chamber of Mines of South Africa
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- Jaiprakash Power Ventures ltd
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- Kobexindo Tractors - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- The State Trading Corporation of India Ltd
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Trasteel International SA, Italy
- Jorong Barutama Greston.PT - Indonesia
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- Ministry of Finance - Indonesia
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- San Jose City I Power Corp, Philippines
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- Bukit Baiduri Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- Essar Steel Hazira Ltd - India
- Manunggal Multi Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Orica Australia Pty. Ltd.
- Australian Coal Association
- Economic Council, Georgia
- Simpson Spence & Young - Indonesia
- GAC Shipping (India) Pvt Ltd
- Krishnapatnam Port Company Ltd. - India
- PetroVietnam Power Coal Import and Supply Company
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