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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, 09 March 12
SHIP OWNERS LOOKING TO CHINA FOR REVIVAL, WHILE THEY KEEP SELLING OLD SHIPS FOR SCRAP - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With China’s economic policy plan for the future on every ship owner’s mind, at least those involved in the dry bulk industry, the lates ...
Thursday, 08 March 12
INDONESIA'S COAL SECTOR CAN BENEFIT FROM CLEARER REGULATIONS - FITCH RATINGS
Fitch Ratings says Indonesia's coal mining sector should continue to see strong growth prospects but can benefit from clearer and more predictable ...
Thursday, 08 March 12
DRY BULK MARKET ON THE RISE; CHINAS COAL IMPORTS COULD INCREASE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept on rising back to healthier levels yesterday, with the BDI (Baltic Dry Index) the industry’s benchmark, marking its 8 ...
Wednesday, 07 March 12
INDONESIA COAL BENCHMARK PRICE GAINS FOR SECOND MONTH
COALspot.com - Indonesia raised the monthly coal reference price for sales in March by 1.15 percent, the second increase since February.
The Mini ...
Wednesday, 07 March 12
INDONESIA TO LIMIT FOREIGN OWNERSHIP IN MINES TO 49 PERCENT WITHIN 10 YEARS OF PRODUCTION
COALspot.com - Foreign holders of mining licenses in Indonesia have to divert 51% of their stakes to Indonesian government or domestic entitie ...
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Showing 4816 to 4820 news of total 6871 |
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- Bhoruka Overseas - Indonesia
- Minerals Council of Australia
- Timah Investasi Mineral - Indoneisa
- Indian Energy Exchange, India
- Australian Coal Association
- Sarangani Energy Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Tamil Nadu electricity Board
- Ministry of Transport, Egypt
- Bukit Asam (Persero) Tbk - Indonesia
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Wood Mackenzie - Singapore
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Interocean Group of Companies - India
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- Power Finance Corporation Ltd., India
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Indo Tambangraya Megah - Indonesia
- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
- Kartika Selabumi Mining - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PNOC Exploration Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- Parliament of New Zealand
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- Neyveli Lignite Corporation Ltd, - India
- OPG Power Generation Pvt Ltd - India
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- Lanco Infratech Ltd - India
- Iligan Light & Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Vedanta Resources Plc - India
- Global Green Power PLC Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Mercuria Energy - Indonesia
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- Indogreen Group - Indonesia
- Kumho Petrochemical, South Korea
- Goldman Sachs - Singapore
- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- Pendopo Energi Batubara - Indonesia
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Wilmar Investment Holdings
- Vizag Seaport Private Limited - India
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- Savvy Resources Ltd - HongKong
- India Bulls Power Limited - India
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Coalindo Energy - Indonesia
- Agrawal Coal Company - India
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Planning Commission, India
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- Latin American Coal - Colombia
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Renaissance Capital - South Africa
- Manunggal Multi Energi - Indonesia
- Samtan Co., Ltd - South Korea
- Borneo Indobara - Indonesia
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- Commonwealth Bank - Australia
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- Gujarat Electricity Regulatory Commission - India
- Australian Commodity Traders Exchange
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- ASAPP Information Group - India
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- Medco Energi Mining Internasional
- Eastern Coal Council - USA
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Sidhee Cement - India
- SN Aboitiz Power Inc, Philippines
- Thiess Contractors Indonesia
- Indian Oil Corporation Limited
- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- Sinarmas Energy and Mining - Indonesia
- Siam City Cement - Thailand
- Bangladesh Power Developement Board
- GMR Energy Limited - India
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- Metalloyd Limited - United Kingdom
- International Coal Ventures Pvt Ltd - India
- CNBM International Corporation - China
- SMC Global Power, Philippines
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- Sojitz Corporation - Japan
- Mintek Dendrill Indonesia
- Leighton Contractors Pty Ltd - Australia
- Cement Manufacturers Association - India
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- Siam City Cement PLC, Thailand
- Aboitiz Power Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Indika Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Antam Resourcindo - Indonesia
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bhatia International Limited - India
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- Meralco Power Generation, Philippines
- Indonesian Coal Mining Association
- Economic Council, Georgia
- Petron Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Kaltim Prima Coal - Indonesia
- Star Paper Mills Limited - India
- Price Waterhouse Coopers - Russia
- Semirara Mining Corp, Philippines
- Ministry of Mines - Canada
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining and Power Corporation, Philippines
- Central Java Power - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
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