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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, 17 November 11
DRY BULK MARKET INCHES FORWARD AND INTO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market edged higher yesterday, on the back of stronger demand for Capesize vessels and general improvement of sentiment on most of the ...
Thursday, 17 November 11
KOMIPO INVITES BIDS FOR 500K MT OF COAL
COALspot.com - Korea Midland Power Co. Ltd.(KOMIPO) is inviting bids for the supply of 500,000 Metric Tons of minimum 5700 kcal/kg coal of NAR bases ...
Thursday, 17 November 11
INDONESIAN GOVERNMENT PLANS TO ISSUE MORATORIUM ON COAL MINING LICENSE
COALspot.com - Energy and mineral resources ministry is plans to issue a moratorium on the issuance of coal mining licenses, after the anti-graft co ...
Wednesday, 16 November 11
KRISHNAPATNAM PORT BECOMES DEEPEST DRAFT PORT IN INDIA
COALspot.com - Krishnapatnam Port in its quest to be the best port in India has increased its draft to 17.5 meters, according to E-Mail statement fr ...
Wednesday, 16 November 11
CHINA'S INDONESIA COAL IMPORTS RISE IN OCTOBER
COALspot.com: Indonesia, the world largest coal exporter, shipped 31,162,688 MT of coal in October 2011.
China was a largest importer of Indonesi ...
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- Grasim Industreis Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Simpson Spence & Young - Indonesia
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- Orica Australia Pty. Ltd.
- Bukit Asam (Persero) Tbk - Indonesia
- Bukit Baiduri Energy - Indonesia
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Coalindo Energy - Indonesia
- Ministry of Finance - Indonesia
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- Bulk Trading Sa - Switzerland
- Jindal Steel & Power Ltd - India
- Vizag Seaport Private Limited - India
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maharashtra Electricity Regulatory Commission - India
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Mercuria Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- PowerSource Philippines DevCo
- Eastern Coal Council - USA
- Commonwealth Bank - Australia
- Samtan Co., Ltd - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Heidelberg Cement - Germany
- Trasteel International SA, Italy
- Bahari Cakrawala Sebuku - Indonesia
- Central Java Power - Indonesia
- Carbofer General Trading SA - India
- Kepco SPC Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Planning Commission, India
- Makarim & Taira - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Oldendorff Carriers - Singapore
- Bhatia International Limited - India
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- PNOC Exploration Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- London Commodity Brokers - England
- Gujarat Sidhee Cement - India
- India Bulls Power Limited - India
- South Luzon Thermal Energy Corporation
- ICICI Bank Limited - India
- European Bulk Services B.V. - Netherlands
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- Larsen & Toubro Limited - India
- Jaiprakash Power Ventures ltd
- Edison Trading Spa - Italy
- Binh Thuan Hamico - Vietnam
- Marubeni Corporation - India
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- Malabar Cements Ltd - India
- Uttam Galva Steels Limited - India
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- MS Steel International - UAE
- Indonesian Coal Mining Association
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
- Tamil Nadu electricity Board
- Posco Energy - South Korea
- Attock Cement Pakistan Limited
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Indian Oil Corporation Limited
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- Aboitiz Power Corporation - Philippines
- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Orica Mining Services - Indonesia
- Bhoruka Overseas - Indonesia
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Coal and Oil Company - UAE
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- Miang Besar Coal Terminal - Indonesia
- Altura Mining Limited, Indonesia
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- VISA Power Limited - India
- Coastal Gujarat Power Limited - India
- Port Waratah Coal Services - Australia
- Bayan Resources Tbk. - Indonesia
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Intertek Mineral Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Mercator Lines Limited - India
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- Bhushan Steel Limited - India
- Essar Steel Hazira Ltd - India
- Central Electricity Authority - India
- Gujarat Mineral Development Corp Ltd - India
- Petron Corporation, Philippines
- Australian Coal Association
- Australian Commodity Traders Exchange
- Directorate Of Revenue Intelligence - India
- Kobexindo Tractors - Indoneisa
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Minerals Council of Australia
- Latin American Coal - Colombia
- Mjunction Services Limited - India
- TeaM Sual Corporation - Philippines
- Chamber of Mines of South Africa
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Parliament of New Zealand
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Sree Jayajothi Cements Limited - India
- Price Waterhouse Coopers - Russia
- Parry Sugars Refinery, India
- Cement Manufacturers Association - India
- Power Finance Corporation Ltd., India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Goldman Sachs - Singapore
- Global Green Power PLC Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- GMR Energy Limited - India
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- Rio Tinto Coal - Australia
- Siam City Cement PLC, Thailand
- Karbindo Abesyapradhi - Indoneisa
- The State Trading Corporation of India Ltd
- Kaltim Prima Coal - Indonesia
- Indogreen Group - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bukit Makmur.PT - Indonesia
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- Energy Development Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- Therma Luzon, Inc, Philippines
- Borneo Indobara - Indonesia
- Wood Mackenzie - Singapore
- Standard Chartered Bank - UAE
- Medco Energi Mining Internasional
- Straits Asia Resources Limited - Singapore
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- Agrawal Coal Company - India
- Meenaskhi Energy Private Limited - India
- Cigading International Bulk Terminal - Indonesia
- Mintek Dendrill Indonesia
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