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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, 07 July 12
EXCESS SUPPLY & WEAK DEMAND KEEP COAL PRICES LOW
COALspot.com - SGX AsiaClear OTC Coal Swaps for August and Q4 deliveries slipped slightly this week. SGX’s Indonesian sub-bituminous coal swap ...
Saturday, 07 July 12
BALTIC INDEX UP ON STRONG CAPE, PANAMAX RATES - VISTAAR
COALspot.com - This week all the segments were firmed up with BDI up by 15.23 pct (up by 153 points) closing at 1,157 points.
The cape index also ...
Saturday, 07 July 12
DRY BULK MARKET NOT ABLE TO FIND SOLID GROUND SAY EXPERTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the second half of each, traditionally looking the most active one, especially in terms of newbuildings being delivered, it's highly unlikely ...
Thursday, 05 July 12
GOVT GETS READY FOR $1.8B SUIT - THE JAKARTA POST
The Jakarta Post, one of the leading Indonesian English new papers reported that, several ministries and the Attorney General’s Office held a ...
Thursday, 05 July 12
DRY BULK MARKET MOVES FURTHER UP THE HILL - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept its growth momentum by the middle of the week, as the BDI (Baltic Dry Index) rose by an additional 40 points to 1,103 p ...
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- Intertek Mineral Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- Economic Council, Georgia
- Pendopo Energi Batubara - Indonesia
- Planning Commission, India
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- Port Waratah Coal Services - Australia
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Borneo Indobara - Indonesia
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- Price Waterhouse Coopers - Russia
- Banpu Public Company Limited - Thailand
- New Zealand Coal & Carbon
- Kideco Jaya Agung - Indonesia
- Lanco Infratech Ltd - India
- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
- Renaissance Capital - South Africa
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Mercator Lines Limited - India
- Uttam Galva Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- Sree Jayajothi Cements Limited - India
- Alfred C Toepfer International GmbH - Germany
- Romanian Commodities Exchange
- Global Business Power Corporation, Philippines
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Petrochimia International Co. Ltd.- Taiwan
- Maharashtra Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- Cigading International Bulk Terminal - Indonesia
- Thai Mozambique Logistica
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Salva Resources Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Mercuria Energy - Indonesia
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- GAC Shipping (India) Pvt Ltd
- Malabar Cements Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Grasim Industreis Ltd - India
- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GVK Power & Infra Limited - India
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- Mjunction Services Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Aditya Birla Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- San Jose City I Power Corp, Philippines
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Rio Tinto Coal - Australia
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Baramulti Group, Indonesia
- Metalloyd Limited - United Kingdom
- Cement Manufacturers Association - India
- Bhushan Steel Limited - India
- Miang Besar Coal Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Deloitte Consulting - India
- Gujarat Sidhee Cement - India
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- CNBM International Corporation - China
- Orica Mining Services - Indonesia
- Parry Sugars Refinery, India
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- Commonwealth Bank - Australia
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- PowerSource Philippines DevCo
- Essar Steel Hazira Ltd - India
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Ministry of Transport, Egypt
- Krishnapatnam Port Company Ltd. - India
- Therma Luzon, Inc, Philippines
- The State Trading Corporation of India Ltd
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Georgia Ports Authority, United States
- Bhatia International Limited - India
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- Indogreen Group - Indonesia
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- Straits Asia Resources Limited - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
- European Bulk Services B.V. - Netherlands
- Formosa Plastics Group - Taiwan
- Star Paper Mills Limited - India
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- Electricity Generating Authority of Thailand
- Meralco Power Generation, Philippines
- Indian Oil Corporation Limited
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Pipit Mutiara Jaya. PT, Indonesia
- Minerals Council of Australia
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- Agrawal Coal Company - India
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
- Edison Trading Spa - Italy
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- Indian Energy Exchange, India
- Meenaskhi Energy Private Limited - India
- Kaltim Prima Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Ind-Barath Power Infra Limited - India
- Aboitiz Power Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Independent Power Producers Association of India
- Marubeni Corporation - India
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- Indika Energy - Indonesia
- Makarim & Taira - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- Sojitz Corporation - Japan
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- Heidelberg Cement - Germany
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