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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, 16 October 12
DRY BULK FREIGHT RATES COULD IMPROVE ON CHINESE STIMULUS AND WINTER CARGO DEMAND SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING NEWS
BIMCO has given out its forecast for the next six weeks, in terms of freight rates for dry bulk carriers. According to them, Capesize TC Average rat ...
Monday, 15 October 12
IT'S STRICTLY COME CHARTERING - CLARKSON RESEARCH SERVICES
The charter market is a bit of a dance between ship owner and charterer: one leader, one follower; one step, two steps, turn... The dance is symbiot ...
Sunday, 14 October 12
SUB-BIT INDONESIA COAL AND CFR SOUTH CHINA COAL SWAPS: SOFT
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for December 2012 delivery lost 0.329 percent w- w but gained 0.248 percent d-d on Friday, 12 Oct ...
Sunday, 14 October 12
SUPRAMAX FREIGHT STEADY: PANAMAX FREIGHTS FIRM - VISTAAR
COALspot.com - The shipping market saw some hectic activity in the Cape and panamax sector and quite a lot of fixtures reported.
The BDI was up b ...
Friday, 12 October 12
HOW REAL IS THE THREAT OF PIRACY? - BIMCO
The threat of modern piracy remains serious, regardless of its seasonal variations and the fact that it is chiefly confined to the Indian Ocean, Gul ...
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Showing 4536 to 4540 news of total 6871 |
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- Bharathi Cement Corporation - India
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- SN Aboitiz Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- Dalmia Cement Bharat India
- Savvy Resources Ltd - HongKong
- Essar Steel Hazira Ltd - India
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- The University of Queensland
- Bukit Asam (Persero) Tbk - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
- Ministry of Transport, Egypt
- Mercuria Energy - Indonesia
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- Energy Link Ltd, New Zealand
- Straits Asia Resources Limited - Singapore
- Madhucon Powers Ltd - India
- Price Waterhouse Coopers - Russia
- OPG Power Generation Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
- Xindia Steels Limited - India
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- Bangladesh Power Developement Board
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Central Electricity Authority - India
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- Chettinad Cement Corporation Ltd - India
- Electricity Generating Authority of Thailand
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Edison Trading Spa - Italy
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Orica Mining Services - Indonesia
- Commonwealth Bank - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- Malabar Cements Ltd - India
- Rio Tinto Coal - Australia
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- Orica Australia Pty. Ltd.
- Kepco SPC Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Agrawal Coal Company - India
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Thai Mozambique Logistica
- Kobexindo Tractors - Indoneisa
- New Zealand Coal & Carbon
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- Renaissance Capital - South Africa
- Economic Council, Georgia
- Salva Resources Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- SMG Consultants - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
- Marubeni Corporation - India
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- Alfred C Toepfer International GmbH - Germany
- Mercator Lines Limited - India
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Coastal Gujarat Power Limited - India
- Rashtriya Ispat Nigam Limited - India
- Gujarat Mineral Development Corp Ltd - India
- International Coal Ventures Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- Posco Energy - South Korea
- Semirara Mining Corp, Philippines
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- Leighton Contractors Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Georgia Ports Authority, United States
- Australian Coal Association
- PTC India Limited - India
- Sindya Power Generating Company Private Ltd
- Kaltim Prima Coal - Indonesia
- Larsen & Toubro Limited - India
- Bhoruka Overseas - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Kideco Jaya Agung - Indonesia
- Formosa Plastics Group - Taiwan
- Lanco Infratech Ltd - India
- Iligan Light & Power Inc, Philippines
- Indogreen Group - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Samtan Co., Ltd - South Korea
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- Indonesian Coal Mining Association
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- Videocon Industries ltd - India
- Independent Power Producers Association of India
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- Karbindo Abesyapradhi - Indoneisa
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
- ASAPP Information Group - India
- European Bulk Services B.V. - Netherlands
- Global Business Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Coal and Oil Company - UAE
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Aditya Birla Group - India
- Sakthi Sugars Limited - India
- Singapore Mercantile Exchange
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