We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 02 August 10
LINC, ADANI COMPLETE THEIR COAL CONNECTION
"THE much-speculated deal between underground coal gasification company Linc Energy and India's Adani Enterprises is set to be signed tomorrow ...
Saturday, 31 July 10
TABONEO ANCHORAGE TO LOAD 1.5 MLN TON OR MORE COAL IN H1 AUGUST
COALspot.com: Eighty five ocean going vessels and barges have been nominated by coal buyers to their respective suppliers in Indonesia to load about ...
Saturday, 31 July 10
SEEMS THE FREIGHT MARKET WOULD BE FAIRLY STABLE FOR H2 2010 - VISTAAR
COALspot.com: The BDI continued moving up since 16th July and rise by 14 pct almost touching 2000 points.
The BDI was up by 7.72 pct last week wh ...
Friday, 30 July 10
DRY BULK MARKET BACK ON THE ROAD TO RECOVERY
Freight rates for dry bulk carriers have continued to edge higher this week, with the industry’s main benchmark, the Baltic Dry Index (BDI) ga ...
Thursday, 29 July 10
GOVT TOO OPTIMISTIC ON IRON, COAL PRICE
Federal government forecasts of continued strength in iron ore and coal prices, which underpin revenue expectations for the proposed new mining tax, ...
|
|
|
Showing 5686 to 5690 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Timah Investasi Mineral - Indoneisa
- Aboitiz Power Corporation - Philippines
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Australian Coal Association
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- Coal and Oil Company - UAE
- The University of Queensland
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Standard Chartered Bank - UAE
- Jindal Steel & Power Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- Star Paper Mills Limited - India
- Wood Mackenzie - Singapore
- Chettinad Cement Corporation Ltd - India
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
- GVK Power & Infra Limited - India
- Videocon Industries ltd - India
- Leighton Contractors Pty Ltd - Australia
- Georgia Ports Authority, United States
- Orica Mining Services - Indonesia
- Wilmar Investment Holdings
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- Sarangani Energy Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Siam City Cement - Thailand
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- Minerals Council of Australia
- Riau Bara Harum - Indonesia
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Holcim Trading Pte Ltd - Singapore
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- Mercator Lines Limited - India
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Antam Resourcindo - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- Sakthi Sugars Limited - India
- CIMB Investment Bank - Malaysia
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Orica Australia Pty. Ltd.
- Bulk Trading Sa - Switzerland
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Xindia Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Simpson Spence & Young - Indonesia
- San Jose City I Power Corp, Philippines
- Savvy Resources Ltd - HongKong
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- SN Aboitiz Power Inc, Philippines
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Attock Cement Pakistan Limited
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- Australian Commodity Traders Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Merrill Lynch Commodities Europe
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Parry Sugars Refinery, India
- GAC Shipping (India) Pvt Ltd
- India Bulls Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Mines - Canada
- The Treasury - Australian Government
- Larsen & Toubro Limited - India
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- Romanian Commodities Exchange
- Petron Corporation, Philippines
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Semirara Mining and Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Aditya Birla Group - India
- Coastal Gujarat Power Limited - India
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- Sree Jayajothi Cements Limited - India
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- MS Steel International - UAE
- Edison Trading Spa - Italy
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- PowerSource Philippines DevCo
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- Interocean Group of Companies - India
- Therma Luzon, Inc, Philippines
- VISA Power Limited - India
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- PTC India Limited - India
- Intertek Mineral Services - Indonesia
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Samtan Co., Ltd - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Malabar Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Formosa Plastics Group - Taiwan
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- Makarim & Taira - Indonesia
- Karaikal Port Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Bhatia International Limited - India
- Latin American Coal - Colombia
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
- PNOC Exploration Corporation - Philippines
- Bhushan Steel Limited - India
- Africa Commodities Group - South Africa
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- Directorate Of Revenue Intelligence - India
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- Thiess Contractors Indonesia
- Trasteel International SA, Italy
- Uttam Galva Steels Limited - India
- SMC Global Power, Philippines
- Price Waterhouse Coopers - Russia
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Carbofer General Trading SA - India
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
|
| |
| |
|
