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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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Wednesday, 27 June 12
DIRECTORATE GENERAL OF MINERAL AND COAL OF INDONESIA INTRODUCES ON-LINE SYSTEM FOR MINING PRODUCTS EXPORT APPROVAL
COALspot.com - Directorate General of Mineral and Coal of Indonesia has released "Clear and Clean" certificate for another 33 coal miners ...
Monday, 25 June 12
RIO TINTO MAKES FIRST COAL SHIPMENT FROM MOZAMBIQUE
Rio Tinto has started exporting premium hard coking coal from its Benga Mine in the Moatize Basin in Mozambique. The first shipment of 34,000 tonnes ...
Sunday, 24 June 12
SUPRAMAX FREIGHT MARKET FIRMED UP FROM INDONESIA TO INDIA - VISTAAR
COALspot.com - This week all the segments gained and marked was firm in the Supramax and Handy size sector, where as the Cape and Panamax inde ...
Saturday, 23 June 12
COAL PRICES APPETITE FOR ROLLER-COASTER RIDES
COALspot.com - SGX AsiaClear OTC Coal Swaps have suffered something of a roller-coaster ride in terms of prices during this week. SGX’s Indone ...
Friday, 22 June 12
PRESENT SPOT WEAKNESS IS TEMPORARY, SEASONAL AND RISE AS WINTER APPROACHES - BUMI
COALspot.com - PT Bumi Resources Tbk, the world’s one of the largest coal producer and Indonesia’s largest multi grade coal miner has no ...
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- Salva Resources Pvt Ltd - India
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- Planning Commission, India
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- CIMB Investment Bank - Malaysia
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- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
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- Independent Power Producers Association of India
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- MS Steel International - UAE
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- Miang Besar Coal Terminal - Indonesia
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- Thiess Contractors Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Meenaskhi Energy Private Limited - India
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- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Savvy Resources Ltd - HongKong
- Trasteel International SA, Italy
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- Singapore Mercantile Exchange
- Ministry of Mines - Canada
- South Luzon Thermal Energy Corporation
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- London Commodity Brokers - England
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- Energy Link Ltd, New Zealand
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
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- Leighton Contractors Pty Ltd - Australia
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- New Zealand Coal & Carbon
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- Samtan Co., Ltd - South Korea
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- Jindal Steel & Power Ltd - India
- Oldendorff Carriers - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Africa Commodities Group - South Africa
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Holcim Trading Pte Ltd - Singapore
- Parliament of New Zealand
- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- McConnell Dowell - Australia
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
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- Jorong Barutama Greston.PT - Indonesia
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- Bukit Makmur.PT - Indonesia
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- IEA Clean Coal Centre - UK
- Orica Mining Services - Indonesia
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- Cement Manufacturers Association - India
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- Ministry of Transport, Egypt
- Lanco Infratech Ltd - India
- Semirara Mining Corp, Philippines
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- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
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- The University of Queensland
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- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
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- Energy Development Corp, Philippines
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- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Heidelberg Cement - Germany
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
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- Semirara Mining and Power Corporation, Philippines
- Minerals Council of Australia
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- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- PTC India Limited - India
- PNOC Exploration Corporation - Philippines
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- Krishnapatnam Port Company Ltd. - India
- Mercuria Energy - Indonesia
- Marubeni Corporation - India
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- Banpu Public Company Limited - Thailand
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- The State Trading Corporation of India Ltd
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- Asmin Koalindo Tuhup - Indonesia
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- Parry Sugars Refinery, India
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- Tamil Nadu electricity Board
- Ambuja Cements Ltd - India
- Australian Coal Association
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- Binh Thuan Hamico - Vietnam
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Dalmia Cement Bharat India
- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
- India Bulls Power Limited - India
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- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Indika Energy - Indonesia
- Commonwealth Bank - Australia
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
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