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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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Saturday, 08 September 12
INDO INDIA ROUTE FREIGHT FOR SUPRAMAX REMAINS STRONG - CAPT. REDDY
COALspot.com - The freight market overall remained weak and except for cape index all other sectors were down. The biggest drop was in the Panamax s ...
Saturday, 08 September 12
RIO TINTO COMPLETES ACQUISITION OF BHP BILLITON'S INTERESTS IN RICHARDS BAY MINERALS
Rio Tinto has doubled its holding in Richards Bay Minerals (RBM) following the completion of its acquisition of BHP Billiton’s entire inte ...
Friday, 07 September 12
HBA GAINS $ 1.56 PER MT IN SEPTEMBER
COALspot.com - The Indonesian government’s declared coal reference price has gained US$ 1.56 per MT M-o-M. This is the first gain ...
Thursday, 06 September 12
SOME ANCHORED PANAMAX VESSELS WAITING FOR CARGOS TO COME
Handy
According to Fearnleys weekly report, in the smaller segments Fearnleys sees little to no changes since last week. There are still entering s ...
Thursday, 06 September 12
DRY BULK CARRIERS STILL IN HIGH DEMAND AMONG SHIP OWNERS, BUT NEWBUILDING ACTIVITY SLIDES IN AUGUST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The slide of the dry bulk market this year hasn't abated ship owners' appetite for dry bulk carriers, as evidenced by the steady interest expresse ...
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- Bahari Cakrawala Sebuku - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- Bharathi Cement Corporation - India
- Kepco SPC Power Corporation, Philippines
- Economic Council, Georgia
- Meralco Power Generation, Philippines
- Indonesian Coal Mining Association
- Price Waterhouse Coopers - Russia
- Australian Coal Association
- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- Indogreen Group - Indonesia
- Simpson Spence & Young - Indonesia
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Barasentosa Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- Makarim & Taira - Indonesia
- PTC India Limited - India
- Central Electricity Authority - India
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- ASAPP Information Group - India
- IHS Mccloskey Coal Group - USA
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The State Trading Corporation of India Ltd
- Latin American Coal - Colombia
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- The Treasury - Australian Government
- IEA Clean Coal Centre - UK
- Karaikal Port Pvt Ltd - India
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- Meenaskhi Energy Private Limited - India
- Altura Mining Limited, Indonesia
- Banpu Public Company Limited - Thailand
- Jaiprakash Power Ventures ltd
- Central Java Power - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- Posco Energy - South Korea
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Global Business Power Corporation, Philippines
- SMG Consultants - Indonesia
- Mercator Lines Limited - India
- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
- Goldman Sachs - Singapore
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- Anglo American - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Thai Mozambique Logistica
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- Ministry of Transport, Egypt
- Agrawal Coal Company - India
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- Parliament of New Zealand
- Coastal Gujarat Power Limited - India
- Heidelberg Cement - Germany
- Savvy Resources Ltd - HongKong
- GN Power Mariveles Coal Plant, Philippines
- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- Holcim Trading Pte Ltd - Singapore
- Rashtriya Ispat Nigam Limited - India
- Mintek Dendrill Indonesia
- Formosa Plastics Group - Taiwan
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- Videocon Industries ltd - India
- Semirara Mining Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- Kartika Selabumi Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Romanian Commodities Exchange
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Borneo Indobara - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jindal Steel & Power Ltd - India
- Baramulti Group, Indonesia
- Wilmar Investment Holdings
- Electricity Authority, New Zealand
- Cigading International Bulk Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Kapuas Tunggal Persada - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- Energy Development Corp, Philippines
- Singapore Mercantile Exchange
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- ICICI Bank Limited - India
- Thiess Contractors Indonesia
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- Oldendorff Carriers - Singapore
- Planning Commission, India
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Independent Power Producers Association of India
- Rio Tinto Coal - Australia
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- Siam City Cement - Thailand
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Star Paper Mills Limited - India
- Eastern Energy - Thailand
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Asmin Koalindo Tuhup - Indonesia
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Xindia Steels Limited - India
- CIMB Investment Bank - Malaysia
- VISA Power Limited - India
- Carbofer General Trading SA - India
- London Commodity Brokers - England
- Malabar Cements Ltd - India
- Larsen & Toubro Limited - India
- Indian Energy Exchange, India
- Ambuja Cements Ltd - India
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Coal and Oil Company - UAE
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
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