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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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Thursday, 20 September 12
DRY BULK INCHES FORWARD AFTER WEEKS OF BELOW PAR PERFORMANCE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has started to revive from its ashed, as the past couple of days, traders have reported an increased activity from China, result ...
Wednesday, 19 September 12
CHURCHILL STRENGTHENS LITIGATION TEAM WITH APPOINTMENT OF NICHOLAS SMITH AS MANAGING DIRECTOR
COALspot.com - Churchill Mining PLC (AIM: CHL) has announced that, Mr Nicholas Smith has joined the board of the Company and has been appointed as t ...
Wednesday, 19 September 12
DRY BULK TERMINALS SINGAPORE
Press Release - Dry bulk terminals are used all around the world to handle large quantities of bulk materials, like minerals, grains, etc. In today& ...
Tuesday, 18 September 12
JORC CODE REVISION - EXPOSURE DRAFT RELEASED FOR COMMENT
COALspot.com - The Australasian Joint Ore Reserves Committee (JORC) has today released for public comment the exposure draft of the JORC Code (2012) ...
Monday, 17 September 12
YEAR TO DATE, BUMA PRODUCED 231.1 MILLION BCM OF OVERBURDEN
COALspot.com - PT. Delta Dunia Makmur Tbk has removed 31.5 million bcm (+6.0 percent YoY) overburden in August 2012 totaled 31.5 million bcm ( ...
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- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- Bhushan Steel Limited - India
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Australian Coal Association
- Videocon Industries ltd - India
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- SMC Global Power, Philippines
- Kapuas Tunggal Persada - Indonesia
- White Energy Company Limited
- Salva Resources Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Samtan Co., Ltd - South Korea
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Bahari Cakrawala Sebuku - Indonesia
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Africa Commodities Group - South Africa
- Intertek Mineral Services - Indonesia
- Aditya Birla Group - India
- Savvy Resources Ltd - HongKong
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- Mjunction Services Limited - India
- Essar Steel Hazira Ltd - India
- Energy Development Corp, Philippines
- Semirara Mining Corp, Philippines
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- OPG Power Generation Pvt Ltd - India
- Planning Commission, India
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- Sakthi Sugars Limited - India
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- Australian Commodity Traders Exchange
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Leighton Contractors Pty Ltd - Australia
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Eastern Coal Council - USA
- Therma Luzon, Inc, Philippines
- London Commodity Brokers - England
- Semirara Mining and Power Corporation, Philippines
- PTC India Limited - India
- Straits Asia Resources Limited - Singapore
- GN Power Mariveles Coal Plant, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- Bukit Asam (Persero) Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Pendopo Energi Batubara - Indonesia
- Attock Cement Pakistan Limited
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Lanco Infratech Ltd - India
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- PowerSource Philippines DevCo
- Gujarat Sidhee Cement - India
- Indo Tambangraya Megah - Indonesia
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- Oldendorff Carriers - Singapore
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- Manunggal Multi Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- SMG Consultants - Indonesia
- Orica Australia Pty. Ltd.
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- Bukit Baiduri Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Antam Resourcindo - Indonesia
- The University of Queensland
- Mintek Dendrill Indonesia
- Riau Bara Harum - Indonesia
- Thai Mozambique Logistica
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- CNBM International Corporation - China
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Kaltim Prima Coal - Indonesia
- Rio Tinto Coal - Australia
- Global Coal Blending Company Limited - Australia
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
- Cement Manufacturers Association - India
- Bhoruka Overseas - Indonesia
- Jaiprakash Power Ventures ltd
- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- Ambuja Cements Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Indika Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Carbofer General Trading SA - India
- Central Java Power - Indonesia
- SN Aboitiz Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- Directorate Of Revenue Intelligence - India
- Marubeni Corporation - India
- Bangladesh Power Developement Board
- Kalimantan Lumbung Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Barasentosa Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Electricity Authority, New Zealand
- ASAPP Information Group - India
- Parliament of New Zealand
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Xindia Steels Limited - India
- Global Green Power PLC Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Gujarat Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- Energy Link Ltd, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Gujarat Mineral Development Corp Ltd - India
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Deloitte Consulting - India
- Edison Trading Spa - Italy
- Holcim Trading Pte Ltd - Singapore
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- Offshore Bulk Terminal Pte Ltd, Singapore
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- Aboitiz Power Corporation - Philippines
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