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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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Friday, 06 April 12
DRY BULK MARKET SWIFT TO HALT FALL ON RENEWED DEMAND FOR CAPESIZES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk managed to put a stop to the recent falls, which came as a result of a lacklustre demand for smaller vessel sizes. Although this trend ...
Thursday, 05 April 12
COAL EXPORT TAX: MATTER OF CONCERN FOR INDIA - SUNIL K KUMBHAT
COALspot.com - Since the issuance of Indonesian Mining law in 2009, miners have increased their activities in exploring , ex ...
Thursday, 05 April 12
AKR COAL FIRST EXPORT SHIPMENT OF COAL SEABORNE
PT Anugrah Karya Raya (AKR Coal) subsidiary of PT AKR Corporindo Tbk., Indonesia’s leading integrated supply chain solutions provider and larg ...
Thursday, 05 April 12
DRY BULK MARKET STALLS AS TREND IS REVERSED - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has halted its month-long rally, with the BDI (Baltic Dry Index) retreating yesterday for a second consecutive session. Industry ...
Wednesday, 04 April 12
OIL MAY JUMP TO $150PB IF IRAN ATTACKED: EXPERT - KUNA / HELLENIC SHIPPING
Prices of oil will not drop below level of $100 per barrel and may jump to $150 pb in the coming two months, according to the prominent Kuwaiti expe ...
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- Pendopo Energi Batubara - Indonesia
- PowerSource Philippines DevCo
- Riau Bara Harum - Indonesia
- Economic Council, Georgia
- Australian Coal Association
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Standard Chartered Bank - UAE
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Ind-Barath Power Infra Limited - India
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- Sree Jayajothi Cements Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- Global Green Power PLC Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- Bharathi Cement Corporation - India
- London Commodity Brokers - England
- Siam City Cement - Thailand
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- Latin American Coal - Colombia
- Jindal Steel & Power Ltd - India
- GAC Shipping (India) Pvt Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- Central Electricity Authority - India
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
- IEA Clean Coal Centre - UK
- Metalloyd Limited - United Kingdom
- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
- Gujarat Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Planning Commission, India
- ICICI Bank Limited - India
- Ministry of Finance - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Mjunction Services Limited - India
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- White Energy Company Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Link Ltd, New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- SMC Global Power, Philippines
- GVK Power & Infra Limited - India
- Thiess Contractors Indonesia
- Coal and Oil Company - UAE
- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- SN Aboitiz Power Inc, Philippines
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Tata Chemicals Ltd - India
- Australian Commodity Traders Exchange
- Aboitiz Power Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Indo Tambangraya Megah - Indonesia
- Barasentosa Lestari - Indonesia
- Indian Oil Corporation Limited
- Kideco Jaya Agung - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bhatia International Limited - India
- Ambuja Cements Ltd - India
- Ministry of Mines - Canada
- Medco Energi Mining Internasional
- Kepco SPC Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- VISA Power Limited - India
- Agrawal Coal Company - India
- Bukit Makmur.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Grasim Industreis Ltd - India
- Sakthi Sugars Limited - India
- Holcim Trading Pte Ltd - Singapore
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Therma Luzon, Inc, Philippines
- PNOC Exploration Corporation - Philippines
- PTC India Limited - India
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- Altura Mining Limited, Indonesia
- European Bulk Services B.V. - Netherlands
- Indonesian Coal Mining Association
- Semirara Mining and Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- Iligan Light & Power Inc, Philippines
- Bhushan Steel Limited - India
- OPG Power Generation Pvt Ltd - India
- Indogreen Group - Indonesia
- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- Independent Power Producers Association of India
- Carbofer General Trading SA - India
- Sarangani Energy Corporation, Philippines
- Posco Energy - South Korea
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- Uttam Galva Steels Limited - India
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Minerals Council of Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petron Corporation, Philippines
- Sojitz Corporation - Japan
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- Orica Australia Pty. Ltd.
- Bukit Asam (Persero) Tbk - Indonesia
- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
- New Zealand Coal & Carbon
- Indika Energy - Indonesia
- Rio Tinto Coal - Australia
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Jorong Barutama Greston.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- San Jose City I Power Corp, Philippines
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Neyveli Lignite Corporation Ltd, - India
- Edison Trading Spa - Italy
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Directorate Of Revenue Intelligence - India
- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Mercuria Energy - Indonesia
- Vedanta Resources Plc - India
- Sinarmas Energy and Mining - Indonesia
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Kumho Petrochemical, South Korea
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Thai Mozambique Logistica
- Borneo Indobara - Indonesia
- Georgia Ports Authority, United States
- The University of Queensland
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Alfred C Toepfer International GmbH - Germany
- Bulk Trading Sa - Switzerland
- Lanco Infratech Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
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