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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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Monday, 06 August 12
3RD ANNUAL INDONESIA POWER
Press Release - 3rd Annual Indonesia Power is Indonesia’s premier power event, where commercial opportunities and new projects are identified. ...
Monday, 06 August 12
COAL EXPORTS COULD ADD $2B TO $6B ANNUALLY TO U.S. ECONOMY - HELLENIC SHIPPING
Business groups backing Pacific Northwest coal export proposals on Thursday lauded a new report that claims increased U.S. coal exports could bring ...
Sunday, 05 August 12
SUB-BIT INDONESIA COAL SWAPS ARE WAY UP
COALspot.com - Sub-Bit Indonesia coal swaps (FOB ) for September 2012 delivery gain 1.36 percent on Friday (3 August 2012) closing W-o-W but gained& ...
Sunday, 05 August 12
INDONESIA'S ADARO TRIMS PRODUCTION FORECAST, CITES BAD ECONOMY - THE JAKARTA GLOBE
The Jakarta globe reported that, Adaro Energy, the country’s second-largest coal producer, has cut its annual production forecast to between ...
Sunday, 05 August 12
DRY BULK FREIGHT MARKET TO STAY WEAK NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com - The freight market continued to soften further in all segments.
The BDI was down by 8.68 pct closing at 852 points. The cape index ...
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- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indika Energy - Indonesia
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- Tamil Nadu electricity Board
- Kapuas Tunggal Persada - Indonesia
- Aditya Birla Group - India
- Directorate General of MIneral and Coal - Indonesia
- Makarim & Taira - Indonesia
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- Gujarat Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- PTC India Limited - India
- Intertek Mineral Services - Indonesia
- Sindya Power Generating Company Private Ltd
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercator Lines Limited - India
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Mineral Development Corp Ltd - India
- Timah Investasi Mineral - Indoneisa
- Sarangani Energy Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- Kideco Jaya Agung - Indonesia
- Ambuja Cements Ltd - India
- Independent Power Producers Association of India
- Meenaskhi Energy Private Limited - India
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- The University of Queensland
- Interocean Group of Companies - India
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- Holcim Trading Pte Ltd - Singapore
- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- Barasentosa Lestari - Indonesia
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- GMR Energy Limited - India
- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- Alfred C Toepfer International GmbH - Germany
- SMC Global Power, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Mintek Dendrill Indonesia
- The State Trading Corporation of India Ltd
- Maheswari Brothers Coal Limited - India
- Ministry of Finance - Indonesia
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- Parry Sugars Refinery, India
- CIMB Investment Bank - Malaysia
- McConnell Dowell - Australia
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- SN Aboitiz Power Inc, Philippines
- Mjunction Services Limited - India
- The Treasury - Australian Government
- Bahari Cakrawala Sebuku - Indonesia
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- Cement Manufacturers Association - India
- VISA Power Limited - India
- Bhoruka Overseas - Indonesia
- Power Finance Corporation Ltd., India
- Jorong Barutama Greston.PT - Indonesia
- Baramulti Group, Indonesia
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Chettinad Cement Corporation Ltd - India
- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- Salva Resources Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- White Energy Company Limited
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Uttam Galva Steels Limited - India
- Jindal Steel & Power Ltd - India
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
- Planning Commission, India
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- GVK Power & Infra Limited - India
- Indian Oil Corporation Limited
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- Port Waratah Coal Services - Australia
- Tata Chemicals Ltd - India
- Parliament of New Zealand
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- Sree Jayajothi Cements Limited - India
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Simpson Spence & Young - Indonesia
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
- Borneo Indobara - Indonesia
- Singapore Mercantile Exchange
- Marubeni Corporation - India
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- Lanco Infratech Ltd - India
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
- Altura Mining Limited, Indonesia
- Jaiprakash Power Ventures ltd
- Australian Coal Association
- Ceylon Electricity Board - Sri Lanka
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Global Green Power PLC Corporation, Philippines
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement - Thailand
- Manunggal Multi Energi - Indonesia
- Larsen & Toubro Limited - India
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
- New Zealand Coal & Carbon
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
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