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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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Thursday, 15 December 11
DRY BULK RATES TO REMAIN AT CURRENT LEVELS FOR THE MOST PART IN THE COMING MONTHS SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In its latest research note, BIMCO said that the Capesize Time Charter Average will remain at USD 20,000-30,000 per day but the tonnage oversupply w ...
Wednesday, 14 December 11
MINER TOBA BARA SEJAHTRA PLANS IPO IN 1ST HALF OF 2012 - THE JAKARTA GLOBE
The Jakarta Globe reported that, Coal miner Toba Bara Sejahtra is aiming high next year, hoping to capitalize on renewed bullish sentiment in the lo ...
Wednesday, 14 December 11
TIMAH PLANS TO BOOST ITS COAL PRODUCTION TO TWO MILLION TONS PER ANNUM - SOURCES
COALspot.com - Timah plans to boost its coal production to two million tons per annum. The company also expects to acquire coal concession with mini ...
Wednesday, 14 December 11
BORNEO RESOURCE INVESTMENTS LTD. FINALIZES ACQUISITION OF INTEGRA PRIMA
COALspot.com - Borneo Resource Investments Ltd., announced that it has finalized the acquisition of an additional 1,300 hectare coal mining concessi ...
Tuesday, 13 December 11
BERAU COAL SCOUTS US$1.61 BIO SALES - INSIDER STORIES
Insider Stories reported that, coal mining company PT Berau Coal Energy Tbk (BRAU), that is 85% owned by London-listed company Bumi Plc, estimates a ...
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining and Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Leighton Contractors Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Thiess Contractors Indonesia
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Commonwealth Bank - Australia
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- Antam Resourcindo - Indonesia
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Tata Chemicals Ltd - India
- The University of Queensland
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- Ministry of Finance - Indonesia
- Essar Steel Hazira Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Mercuria Energy - Indonesia
- Anglo American - United Kingdom
- Eastern Energy - Thailand
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- Planning Commission, India
- Krishnapatnam Port Company Ltd. - India
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- Straits Asia Resources Limited - Singapore
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- Romanian Commodities Exchange
- Power Finance Corporation Ltd., India
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- MS Steel International - UAE
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- GAC Shipping (India) Pvt Ltd
- Ind-Barath Power Infra Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Generating Authority of Thailand
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Parliament of New Zealand
- Coal and Oil Company - UAE
- Parry Sugars Refinery, India
- Minerals Council of Australia
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Gujarat Mineral Development Corp Ltd - India
- Timah Investasi Mineral - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- Energy Link Ltd, New Zealand
- SMG Consultants - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- Jindal Steel & Power Ltd - India
- Economic Council, Georgia
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Standard Chartered Bank - UAE
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- Uttam Galva Steels Limited - India
- Siam City Cement - Thailand
- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- Star Paper Mills Limited - India
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- Salva Resources Pvt Ltd - India
- CNBM International Corporation - China
- Indogreen Group - Indonesia
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Independent Power Producers Association of India
- Bayan Resources Tbk. - Indonesia
- Mjunction Services Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Petron Corporation, Philippines
- Kumho Petrochemical, South Korea
- Coalindo Energy - Indonesia
- Australian Coal Association
- LBH Netherlands Bv - Netherlands
- Dalmia Cement Bharat India
- Global Coal Blending Company Limited - Australia
- Meenaskhi Energy Private Limited - India
- Trasteel International SA, Italy
- Riau Bara Harum - Indonesia
- ICICI Bank Limited - India
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Indian Oil Corporation Limited
- Indonesian Coal Mining Association
- Goldman Sachs - Singapore
- Central Electricity Authority - India
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Kepco SPC Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Business Power Corporation, Philippines
- India Bulls Power Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Semirara Mining Corp, Philippines
- Ministry of Mines - Canada
- Port Waratah Coal Services - Australia
- Bharathi Cement Corporation - India
- Renaissance Capital - South Africa
- Intertek Mineral Services - Indonesia
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- SMC Global Power, Philippines
- Siam City Cement PLC, Thailand
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- Bhushan Steel Limited - India
- Karaikal Port Pvt Ltd - India
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Wood Mackenzie - Singapore
- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- GVK Power & Infra Limited - India
- Edison Trading Spa - Italy
- Makarim & Taira - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sical Logistics Limited - India
- Aditya Birla Group - India
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