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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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Wednesday, 04 August 10
MALAYSIA'S AGATE GROUP TIES UP WITH INDIA'S ECOGREEN TO DEVELOP COAL BUSINESS
COALspot.com: "Malaysian based AGATE Group had entered into an agreement with India's EcoGreen to jointly develop coal business in India ...
Wednesday, 04 August 10
ADARO PRODUCED 21.62 MILLION TONS OF COAL IN 1H 2010
COALspot.com: “Adaro Energy’s production volume during the second quarter of 2010 was 10.26 million tones and for the first half of 2010 ...
Wednesday, 04 August 10
CIL TO TAKE UP NEW PROJECT TO MEET INCREASED DEMAND OF COAL
As part of Annual Plan 2010-11, Planning Commission has projected all India demand of coal 656.31 Million Tonnes against which the indigenous supply ...
Tuesday, 03 August 10
INDONESIA CONSIDERING RUPIAH DENOMINATION
The jakarta post reportd that, the central bank is deliberating a potential Rupiah denomination in light of decreasing exchange rate valuations agai ...
Monday, 02 August 10
DRY BULK MARKET NEEDS TO FIND ADDITIONAL SUPPORT IN AUGUST
The dry bulk market ended another week of rebounding, posting on Friday its 11th straight rise. Still, as analysts point out the rate of this rise h ...
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- Coalindo Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Timah Investasi Mineral - Indoneisa
- Port Waratah Coal Services - Australia
- Economic Council, Georgia
- Ambuja Cements Ltd - India
- Bhoruka Overseas - Indonesia
- Chamber of Mines of South Africa
- Standard Chartered Bank - UAE
- Asmin Koalindo Tuhup - Indonesia
- Mintek Dendrill Indonesia
- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- The University of Queensland
- Videocon Industries ltd - India
- Australian Coal Association
- India Bulls Power Limited - India
- European Bulk Services B.V. - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Bhushan Steel Limited - India
- Bulk Trading Sa - Switzerland
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- AsiaOL BioFuels Corp., Philippines
- Maharashtra Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- Sical Logistics Limited - India
- Kepco SPC Power Corporation, Philippines
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Deloitte Consulting - India
- Gujarat Mineral Development Corp Ltd - India
- Anglo American - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- GVK Power & Infra Limited - India
- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- Mjunction Services Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Directorate Of Revenue Intelligence - India
- Alfred C Toepfer International GmbH - Germany
- Indian Oil Corporation Limited
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- Jindal Steel & Power Ltd - India
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- Therma Luzon, Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- PTC India Limited - India
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Rio Tinto Coal - Australia
- Attock Cement Pakistan Limited
- Parry Sugars Refinery, India
- Cement Manufacturers Association - India
- Edison Trading Spa - Italy
- Kohat Cement Company Ltd. - Pakistan
- Renaissance Capital - South Africa
- Wilmar Investment Holdings
- Baramulti Group, Indonesia
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Tamil Nadu electricity Board
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- Ministry of Finance - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Karaikal Port Pvt Ltd - India
- Africa Commodities Group - South Africa
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- Larsen & Toubro Limited - India
- Star Paper Mills Limited - India
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- Malabar Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Eastern Energy - Thailand
- Kobexindo Tractors - Indoneisa
- Thiess Contractors Indonesia
- Manunggal Multi Energi - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Jaiprakash Power Ventures ltd
- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Planning Commission, India
- Global Business Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- Grasim Industreis Ltd - India
- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- Meenaskhi Energy Private Limited - India
- Salva Resources Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Kumho Petrochemical, South Korea
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- White Energy Company Limited
- Binh Thuan Hamico - Vietnam
- South Luzon Thermal Energy Corporation
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Borneo Indobara - Indonesia
- Siam City Cement - Thailand
- MS Steel International - UAE
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Eastern Coal Council - USA
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- Indo Tambangraya Megah - Indonesia
- SMG Consultants - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- Coal and Oil Company - UAE
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- London Commodity Brokers - England
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Energy Link Ltd, New Zealand
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Makarim & Taira - Indonesia
- Orica Australia Pty. Ltd.
- Toyota Tsusho Corporation, Japan
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Wood Mackenzie - Singapore
- VISA Power Limited - India
- Mercuria Energy - Indonesia
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Agrawal Coal Company - India
- Medco Energi Mining Internasional
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- Coastal Gujarat Power Limited - India
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- SMC Global Power, Philippines
- ASAPP Information Group - India
- TeaM Sual Corporation - Philippines
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- New Zealand Coal & Carbon
- GMR Energy Limited - India
- Orica Mining Services - Indonesia
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