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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 $10 million. It has annual capacity of 4 million tonnes.
Mr Chanin also said the company's Jorong mine in Indonesia would resume operations in late September after being halted since February by the government because of forest encroachment. Authorities have been working with miners to clarify new operating rules.
"Indonesian coal mines are our major revenue contributor. The [total] coal sales target has been maintained at 23 million tonnes this year," he added.
CIMB-GK Securities (Thailand) has downgraded Banpu's 2010 net profit forecast by 1.4% to 14.6 billion baht following the revision of the Daning figures.
BANPU shares closed yesterday on the SET at 620 baht, down 10 baht, in trade worth 793.3 million baht.
Source: Bangkok Post
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Saturday, 14 August 10
INDONESIAN THERMAL COAL PRICES EXPECTED TO MOVE UP IN SEPTEMBER 2010 - CHAIRMAN ICMA
COALspot.com: Indonesian Coal Mining Association is expecting, the Indonesian and international coal prices will increase, and will be reached ...
Thursday, 12 August 10
ETA STAR INDIA PUTS FORWARD COAL MINING PLAN FOR TETE, MOZAMBIQUE, IN 2011
ETA Star India Projects Pvt, which is carrying out coal prospecting and surveying work in the Moatize coal region, in Tete province, will present it ...
Thursday, 12 August 10
SUPRAS WERE FIXED IN THE MID/HIGH TEENS FOR INDO-INDIA TRIPS - FEARNBULK
Handy
Activity is gradually picking up in the Atlantic with more enquiries seen for short period tonnage for the end of August. With the grain sea ...
Thursday, 12 August 10
INDONESIAN COAL PRICE REFERENCE REACHED US$ 94.86 FOR AUGUST 2010 SUPPLIES
COALspot.com: The Directorate General of Mineral, Coal and Geothermal of Indonesia has been publishing a monthly coal price reference (HBA) since Fe ...
Wednesday, 11 August 10
BRAZILIAN GIANT VALE LOOKING TO BOOST ITS COAL OUTPUT
BRAZILIAN mining giant Vale is not content with being the world's largest iron ore miner. The miner is banking on ambitious growth plans to see it ...
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- Aditya Birla Group - India
- Dalmia Cement Bharat India
- Trasteel International SA, Italy
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- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- Baramulti Group, Indonesia
- Bharathi Cement Corporation - India
- Cigading International Bulk Terminal - Indonesia
- India Bulls Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
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- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Aboitiz Power Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
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- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- New Zealand Coal & Carbon
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- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
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- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- GAC Shipping (India) Pvt Ltd
- Australian Commodity Traders Exchange
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- European Bulk Services B.V. - Netherlands
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- Directorate Of Revenue Intelligence - India
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- Marubeni Corporation - India
- LBH Netherlands Bv - Netherlands
- Wilmar Investment Holdings
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- AsiaOL BioFuels Corp., Philippines
- Attock Cement Pakistan Limited
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- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- Bukit Makmur.PT - Indonesia
- London Commodity Brokers - England
- Merrill Lynch Commodities Europe
- Mercator Lines Limited - India
- Coalindo Energy - Indonesia
- PTC India Limited - India
- White Energy Company Limited
- Chamber of Mines of South Africa
- Electricity Generating Authority of Thailand
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Medco Energi Mining Internasional
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- Bhatia International Limited - India
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- Karbindo Abesyapradhi - Indoneisa
- Renaissance Capital - South Africa
- Meralco Power Generation, Philippines
- IHS Mccloskey Coal Group - USA
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Tata Chemicals Ltd - India
- Interocean Group of Companies - India
- Agrawal Coal Company - India
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- Indonesian Coal Mining Association
- SMG Consultants - Indonesia
- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Sical Logistics Limited - India
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- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
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- Ministry of Transport, Egypt
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Simpson Spence & Young - Indonesia
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Sojitz Corporation - Japan
- Australian Coal Association
- TeaM Sual Corporation - Philippines
- Uttam Galva Steels Limited - India
- CNBM International Corporation - China
- Timah Investasi Mineral - Indoneisa
- Central Electricity Authority - India
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- Rashtriya Ispat Nigam Limited - India
- Ind-Barath Power Infra Limited - India
- Central Java Power - Indonesia
- VISA Power Limited - India
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
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- International Coal Ventures Pvt Ltd - India
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- Minerals Council of Australia
- Alfred C Toepfer International GmbH - Germany
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- The University of Queensland
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- Coal and Oil Company - UAE
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- ICICI Bank Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Eastern Energy - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Videocon Industries ltd - India
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- MS Steel International - UAE
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- Petron Corporation, Philippines
- Indian Oil Corporation Limited
- Economic Council, Georgia
- Bhoruka Overseas - Indonesia
- Billiton Holdings Pty Ltd - Australia
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- Mintek Dendrill Indonesia
- Ministry of Finance - Indonesia
- Goldman Sachs - Singapore
- Siam City Cement PLC, Thailand
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
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