We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 27 March 12
DRY BULK MARKET KEEP RISING FOLLOWING THE SAME TREND OF LAST WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept its upward momentum this week, on the same reasons of those last week. That is, the smaller ship types are still on the ris ...
Monday, 26 March 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The Baltic Dry Index follows its upward incline for fourth consecutive week by rising to more than 900 points, up by 37% from the bottom low in the ...
Monday, 26 March 12
GOLDEN MINES FY11 REVENUE JUMPS 209% - INSIDER STORIES
Insider Stories reported that, coal miner PT Golden Energy Mines Tbk (GEMS), that is controlled by Sinar Mas Group, recorded a 209% jump in revenue ...
Saturday, 24 March 12
AUSTRALIA'S MINERAL TAX : BENCHMARK FOR OTHER COUNTRIES - SUNIL K KUMBHAT
COALspot.com - Natural resources rich counties like Australia , Indonesia , South Africa , Brazil etc are going through a spectacular resources boom ...
Saturday, 24 March 12
THE AVERAGE CHARTER RATES WAS AT CAPESIZE $ 4,546 PER DAY VS SUPRAMAX / $ 10,819 PER DAY - VISTAAR
COALspot.com - The BDI crossed 900 points this week closing at 908 points up by 3.89 pct. All other sectors were up except for cape index whic ...
|
|
|
Showing 4791 to 4795 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- Indika Energy - Indonesia
- Madhucon Powers Ltd - India
- Sarangani Energy Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Planning Commission, India
- Posco Energy - South Korea
- Electricity Authority, New Zealand
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- Xindia Steels Limited - India
- Marubeni Corporation - India
- Merrill Lynch Commodities Europe
- Videocon Industries ltd - India
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Kumho Petrochemical, South Korea
- Rashtriya Ispat Nigam Limited - India
- Carbofer General Trading SA - India
- Commonwealth Bank - Australia
- Heidelberg Cement - Germany
- Bhushan Steel Limited - India
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Star Paper Mills Limited - India
- Global Business Power Corporation, Philippines
- GVK Power & Infra Limited - India
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- PetroVietnam Power Coal Import and Supply Company
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- Latin American Coal - Colombia
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- Siam City Cement - Thailand
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- Electricity Generating Authority of Thailand
- GN Power Mariveles Coal Plant, Philippines
- Coal and Oil Company - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Iligan Light & Power Inc, Philippines
- Sical Logistics Limited - India
- Banpu Public Company Limited - Thailand
- Orica Mining Services - Indonesia
- Gujarat Sidhee Cement - India
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- Directorate Of Revenue Intelligence - India
- Maharashtra Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- Anglo American - United Kingdom
- Economic Council, Georgia
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Deloitte Consulting - India
- MS Steel International - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Kepco SPC Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Romanian Commodities Exchange
- Central Electricity Authority - India
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- ASAPP Information Group - India
- Kalimantan Lumbung Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Sakthi Sugars Limited - India
- Straits Asia Resources Limited - Singapore
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- Georgia Ports Authority, United States
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- Riau Bara Harum - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Ministry of Transport, Egypt
- TNB Fuel Sdn Bhd - Malaysia
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Eastern Coal Council - USA
- CNBM International Corporation - China
- European Bulk Services B.V. - Netherlands
- Renaissance Capital - South Africa
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- Petron Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Neyveli Lignite Corporation Ltd, - India
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- Vizag Seaport Private Limited - India
- Mjunction Services Limited - India
- Simpson Spence & Young - Indonesia
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- SMC Global Power, Philippines
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- New Zealand Coal & Carbon
- Karaikal Port Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Eastern Energy - Thailand
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Jaiprakash Power Ventures ltd
- Rio Tinto Coal - Australia
- White Energy Company Limited
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- Wood Mackenzie - Singapore
- Kideco Jaya Agung - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indonesian Coal Mining Association
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- Bharathi Cement Corporation - India
- London Commodity Brokers - England
- Bulk Trading Sa - Switzerland
- VISA Power Limited - India
- Parliament of New Zealand
- Australian Commodity Traders Exchange
|
| |
| |
|
