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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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Tuesday, 17 August 10
HANDIES AND SUPRAS WOKE UP AGAIN AFTER SEVERAL WEEKS OF LETHARGY - BRS
A spectacular increase in Cape size rates pushed the BDI up more than 20% this week, with demand for prompt tonnage in the Pacific causing a major s ...
Monday, 16 August 10
INDIA'S TNPL TO SUPPORT TNEB WITH COAL SUPPLIES
COALspot.com: TNPL to award 300,000 MT of coal supply contract to Nehel General Trading of India. Tamil Nadu state undertaking , Tamil N ...
Monday, 16 August 10
INDONESIA'S PLN SECURED COAL SUPPLIES, LESS IMPACT BY RAINS
COALspot.com: Indonesian State Electricity Company, PT Perusahaan Listrik Negara (PLN), has secured coal supplies for all of its power plants except ...
Sunday, 15 August 10
THE FREIGHT MARKET IS EXPECTED TO REMAIN FIRM - CAPT REDDY
COALspot.com: The BDI rose by almost 22 pct despite peak holiday season which is usually quite market , where as the BCI up sharply by 46 pct which ...
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 ...
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- Manunggal Multi Energi - Indonesia
- Romanian Commodities Exchange
- Riau Bara Harum - Indonesia
- International Coal Ventures Pvt Ltd - India
- Anglo American - United Kingdom
- Bhatia International Limited - India
- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Global Coal Blending Company Limited - Australia
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- Renaissance Capital - South Africa
- GVK Power & Infra Limited - India
- Bharathi Cement Corporation - India
- Planning Commission, India
- PowerSource Philippines DevCo
- Petrochimia International Co. Ltd.- Taiwan
- Grasim Industreis Ltd - India
- Siam City Cement - Thailand
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Australian Coal Association
- SMC Global Power, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Borneo Indobara - Indonesia
- Eastern Coal Council - USA
- Kalimantan Lumbung Energi - Indonesia
- Indonesian Coal Mining Association
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Jindal Steel & Power Ltd - India
- Videocon Industries ltd - India
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- Xindia Steels Limited - India
- Latin American Coal - Colombia
- Indian Energy Exchange, India
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- Vedanta Resources Plc - India
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Kaltim Prima Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Mines - Canada
- Barasentosa Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- Metalloyd Limited - United Kingdom
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- Port Waratah Coal Services - Australia
- Gujarat Sidhee Cement - India
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Sojitz Corporation - Japan
- Karaikal Port Pvt Ltd - India
- LBH Netherlands Bv - Netherlands
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- Global Business Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- The University of Queensland
- Mjunction Services Limited - India
- Ministry of Transport, Egypt
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Marubeni Corporation - India
- Semirara Mining Corp, Philippines
- IEA Clean Coal Centre - UK
- Wood Mackenzie - Singapore
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Bulk Trading Sa - Switzerland
- Ceylon Electricity Board - Sri Lanka
- Karbindo Abesyapradhi - Indoneisa
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Chamber of Mines of South Africa
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- South Luzon Thermal Energy Corporation
- Standard Chartered Bank - UAE
- Bukit Baiduri Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Dalmia Cement Bharat India
- Deloitte Consulting - India
- Antam Resourcindo - Indonesia
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- Energy Link Ltd, New Zealand
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- Tata Chemicals Ltd - India
- AsiaOL BioFuels Corp., Philippines
- ASAPP Information Group - India
- The Treasury - Australian Government
- London Commodity Brokers - England
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- Independent Power Producers Association of India
- Wilmar Investment Holdings
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Central Java Power - Indonesia
- Uttam Galva Steels Limited - India
- Therma Luzon, Inc, Philippines
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- Trasteel International SA, Italy
- Carbofer General Trading SA - India
- Interocean Group of Companies - India
- Intertek Mineral Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Madhucon Powers Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
- Star Paper Mills Limited - India
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Economic Council, Georgia
- Rashtriya Ispat Nigam Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMG Consultants - Indonesia
- Sree Jayajothi Cements Limited - India
- Agrawal Coal Company - India
- Attock Cement Pakistan Limited
- Rio Tinto Coal - Australia
- Ind-Barath Power Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Binh Thuan Hamico - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- PTC India Limited - India
- Medco Energi Mining Internasional
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- Energy Development Corp, Philippines
- The State Trading Corporation of India Ltd
- TeaM Sual Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Iligan Light & Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- Sical Logistics Limited - India
- Essar Steel Hazira Ltd - India
- Aditya Birla Group - India
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
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