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Friday, 03 September 10
BANPU CUTS INDONESIAN HOLDING BUT ITM REMAINS KEY STRATEGIC UNIT - BANGKOK POST
 "SET-listed Banpu Plc, Asean's largest coal miner, yesterday announced the sale of an 8.72% stake in its listed coalmining holding company in Indonesia, the company's largest coal operations, for US$395 million (12.3 billion baht)", Bangkok Post reported.
Bangkok post further said that, Under the terms of the transaction, Banpu Minerals (Singapore) Pte (BMS) sold 98.5 million shares in its PT Indo Tambangraya Megah (ITM) subsidiary for 36,150 rupiah apiece.
The divestment was made via a market placement to Indonesian and foreign institutional investors and is expected to close next Tuesday, Banpu said in a filing with the Stock Exchange of Thailand.
After the transaction, Banpu will remain the largest shareholder with 65% ownership of ITM, which owns five mines in Indonesia with an overall maximum annual capacity of 28.5 million tonnes. However, this year's planned output is only 23 million tonnes.
The main goal of the divestment is to strengthen Banpu's consolidated balance sheet, and the company's business stance in Indonesia will not change, said Somruedee Chaimongkol, the chief financial officer.
"The transaction will generate about $395 million in proceeds for BMS, helping to reinforce Banpu's balance sheet and establish a strong platform for the implementation of our five-year strategic plan," said Ms Somruedee.
Banpu has earmarked $189 million for investment in Indonesian mines from 2010-15.
"The reduction of our shareholding in ITM is minimal. This will not cause any change in our commitment to ITM or our proactive search for growth opportunities in Indonesia," said Ms Somruedee. "Our Indonesian coal business is still very much at the heart of Banpu's business strategy."
Listed on the Indonesian stock exchange, ITM is a profitable company with net cash, generating a net profit of about 6-7 billion baht a year for Banpu.
ITM's total output is set to rise by 17% to about 27 million tonnes next year with two new mines to become operational later this year and early next, said Kitichan Sirisukarcha, an analyst at Kim Eng Securities.
This will lift Banpu's capacity to cash in on rising coal prices, he said.
Kiatnakin Securities said tight supply and strong demand in Asia, especially from China, is projected to drive coal prices to $92-95 a tonne later this month from $90.60 at present, already a 10- week high.
Shares of Banpu closed yesterday on the Stock Exchange of Thailand at 626 baht, up six baht, in heavy trade worth 3.49 billion baht.
Source: Bangkok Post
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Saturday, 25 September 10
INDONESIA HAS EXPORTED 187.656 MILLION TONNES OF COAL IN EIGHT MONTHS
COALspot.com: Indonesia, the world largest coal exporter has exported 187.656 million tons of coal for the period January – August this ...
Saturday, 25 September 10
PRESSURE ON S6 AND S7 ROUTES SEEMS TO BE CONTINUED NEXT WEEK CAPT. REDDY
COALspot.com: The freight market has been flat this week due to holidays in China and low activity saw all sectors down and soft.
The BDI was dow ...
Thursday, 23 September 10
CHURCHILL MINING SHARES JUMP ON EAST KUTAI COAL PROJECT FEASIBILITY RESULTS - STOCKOPEDIA
AIM listed mining group Churchill Mining (LON:CHL) and its Indonesian partners the Ridlatama Group, have completed a feasibility study on the 2.73bn ...
Thursday, 23 September 10
DRY BULK RATES EXPECTEDLY FALL TO ONE MONTH LOWS - HELLENIC SHIPPING
With of the Far East trade routes closed this week on various national holidays, demand for ocean transportation of raw materials has been significa ...
Wednesday, 22 September 10
INDIA TO BE BIGGEST BUYER OF INDONESIAN COAL BY 2011 - BUSINESS STANDARD
India will pass Japan to be the biggest buyer of Indonesian coal by 2011, said Bob Kamandanu, chairman of the Indonesian Coal Mining Association.
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- Karaikal Port Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Thiess Contractors Indonesia
- Marubeni Corporation - India
- IEA Clean Coal Centre - UK
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Cement Manufacturers Association - India
- GVK Power & Infra Limited - India
- Miang Besar Coal Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- Jaiprakash Power Ventures ltd
- Madhucon Powers Ltd - India
- Romanian Commodities Exchange
- PowerSource Philippines DevCo
- ICICI Bank Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Aboitiz Power Corporation - Philippines
- Oldendorff Carriers - Singapore
- Bukit Baiduri Energy - Indonesia
- Tamil Nadu electricity Board
- Gujarat Mineral Development Corp Ltd - India
- Indo Tambangraya Megah - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Sidhee Cement - India
- Kobexindo Tractors - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Manunggal Multi Energi - Indonesia
- PNOC Exploration Corporation - Philippines
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Maheswari Brothers Coal Limited - India
- Altura Mining Limited, Indonesia
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
- Central Java Power - Indonesia
- Central Electricity Authority - India
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- Sical Logistics Limited - India
- Neyveli Lignite Corporation Ltd, - India
- OPG Power Generation Pvt Ltd - India
- Malabar Cements Ltd - India
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- Coal and Oil Company - UAE
- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Edison Trading Spa - Italy
- Vijayanagar Sugar Pvt Ltd - India
- Interocean Group of Companies - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- White Energy Company Limited
- Parry Sugars Refinery, India
- Indika Energy - Indonesia
- Riau Bara Harum - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Bhatia International Limited - India
- Iligan Light & Power Inc, Philippines
- Savvy Resources Ltd - HongKong
- CNBM International Corporation - China
- Renaissance Capital - South Africa
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Commonwealth Bank - Australia
- Bharathi Cement Corporation - India
- Indonesian Coal Mining Association
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Anglo American - United Kingdom
- Attock Cement Pakistan Limited
- Straits Asia Resources Limited - Singapore
- Semirara Mining Corp, Philippines
- PTC India Limited - India
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- CIMB Investment Bank - Malaysia
- Thai Mozambique Logistica
- Baramulti Group, Indonesia
- IHS Mccloskey Coal Group - USA
- Coastal Gujarat Power Limited - India
- Essar Steel Hazira Ltd - India
- Antam Resourcindo - Indonesia
- Goldman Sachs - Singapore
- Petron Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Ind-Barath Power Infra Limited - India
- McConnell Dowell - Australia
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Salva Resources Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Vedanta Resources Plc - India
- Intertek Mineral Services - Indonesia
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- Bulk Trading Sa - Switzerland
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- Star Paper Mills Limited - India
- Gujarat Electricity Regulatory Commission - India
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Port Waratah Coal Services - Australia
- Georgia Ports Authority, United States
- Jindal Steel & Power Ltd - India
- The Treasury - Australian Government
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Parliament of New Zealand
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- Mercator Lines Limited - India
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- Petrochimia International Co. Ltd.- Taiwan
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Electricity Generating Authority of Thailand
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- Posco Energy - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sarangani Energy Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- AsiaOL BioFuels Corp., Philippines
- Latin American Coal - Colombia
- Wilmar Investment Holdings
- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- The University of Queensland
- Kumho Petrochemical, South Korea
- Therma Luzon, Inc, Philippines
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Xindia Steels Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Price Waterhouse Coopers - Russia
- Lanco Infratech Ltd - India
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Kaltim Prima Coal - Indonesia
- Ambuja Cements Ltd - India
- South Luzon Thermal Energy Corporation
- Kapuas Tunggal Persada - Indonesia
- Standard Chartered Bank - UAE
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