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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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Saturday, 26 November 11
THE FREIGHT MARKETS EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - The market were down probably with the sentiments of global financial markets and all segments were down.
The BDI was up down by 4 ...
Friday, 25 November 11
DISPUTE BETWEEN GIANT MINING FIRMS ENDS IN LAHAT - THE JAKARTA POST
The Jakarta Post reported that, prolonged dispute taking place in the South Sumatra regency of Lahat and involving two giant mining companies PT Buk ...
Friday, 25 November 11
DRY BULK MARKET LOSING STEAM, FAST - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
It’s been a week of falls for the dry bulk market this one, leaving ship owners with a sour taste in their mouths, as evidence of a recovery i ...
Thursday, 24 November 11
INDONESIA/INDIA SPMX TC AROUND $ 7/8K AND AROUND $ 12/13.00 PMTS ON VOYAGE BASIS - FEARNLEYS
Handy
Last week ended on a positive note in the Atlantic however the activity levels are somewhat reduced. Owners are asking in excess of USD ...
Thursday, 24 November 11
DRY BULK MARKET KEEPS LOSING STEAM - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was lower once again on Wednesday, with the industry’s benchmark, the Baltic Dry Index (BDI) ending the session down by 1. ...
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- Mercuria Energy - Indonesia
- Energy Development Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Maheswari Brothers Coal Limited - India
- GVK Power & Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Makarim & Taira - Indonesia
- Intertek Mineral Services - Indonesia
- Wood Mackenzie - Singapore
- Kaltim Prima Coal - Indonesia
- MS Steel International - UAE
- Kideco Jaya Agung - Indonesia
- Essar Steel Hazira Ltd - India
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- Bukit Asam (Persero) Tbk - Indonesia
- PowerSource Philippines DevCo
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Semirara Mining Corp, Philippines
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- Central Electricity Authority - India
- Indogreen Group - Indonesia
- Rio Tinto Coal - Australia
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- Latin American Coal - Colombia
- IHS Mccloskey Coal Group - USA
- Australian Coal Association
- PetroVietnam Power Coal Import and Supply Company
- Binh Thuan Hamico - Vietnam
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
- Malabar Cements Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- Bayan Resources Tbk. - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Leighton Contractors Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Sinarmas Energy and Mining - Indonesia
- SMG Consultants - Indonesia
- Indonesian Coal Mining Association
- Savvy Resources Ltd - HongKong
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Videocon Industries ltd - India
- The University of Queensland
- Vizag Seaport Private Limited - India
- Vedanta Resources Plc - India
- Petrochimia International Co. Ltd.- Taiwan
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Global Green Power PLC Corporation, Philippines
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- Singapore Mercantile Exchange
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
- Mercator Lines Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Bulk Trading Sa - Switzerland
- Barasentosa Lestari - Indonesia
- Parliament of New Zealand
- Bhatia International Limited - India
- ICICI Bank Limited - India
- Oldendorff Carriers - Singapore
- Gujarat Electricity Regulatory Commission - India
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Rashtriya Ispat Nigam Limited - India
- PTC India Limited - India
- Sarangani Energy Corporation, Philippines
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Petron Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Romanian Commodities Exchange
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Samtan Co., Ltd - South Korea
- Toyota Tsusho Corporation, Japan
- Bharathi Cement Corporation - India
- CIMB Investment Bank - Malaysia
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- White Energy Company Limited
- Goldman Sachs - Singapore
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- VISA Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- Power Finance Corporation Ltd., India
- Trasteel International SA, Italy
- Independent Power Producers Association of India
- Jaiprakash Power Ventures ltd
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Dalmia Cement Bharat India
- Aditya Birla Group - India
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Sidhee Cement - India
- Central Java Power - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Tata Chemicals Ltd - India
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- Timah Investasi Mineral - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Miang Besar Coal Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Tamil Nadu electricity Board
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Iligan Light & Power Inc, Philippines
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Baramulti Group, Indonesia
- International Coal Ventures Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Altura Mining Limited, Indonesia
- Star Paper Mills Limited - India
- Electricity Authority, New Zealand
- LBH Netherlands Bv - Netherlands
- AsiaOL BioFuels Corp., Philippines
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Eastern Coal Council - USA
- Cement Manufacturers Association - India
- Planning Commission, India
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