MARKETS

Banpu close to acquiring Centennial

THAI energy giant Banpu is within 5% of reaching a 90% stake in Centennial Coal - the level that ...

Blair Price
Banpu close to acquiring Centennial

As of yesterday, Banpu’s share of Centennial was 85.07%.

Banpu’s $6.20 per share cash offer to Centennial shareholders expires today.

In preparation of the takeover, S&P Indices will remove Centennial from its S&P-ASX indices as of Friday.

Riversdale Mining will replace Centennial in the ASX 100, Sandfire Resources will replace Centennial in the ASX 200, and Resolute Mining will replace the company in the All Australian 200.

Banpu aims to export at least 40 million tonnes per annum in the Asia-Pacific region by the end of 2015.

The company holds a total of $US2.6 billion in cash reserves and credit facility finance to fund the Centennial takeover.

Centennial shares closed down 4c to $6.12 yesterday.

TOPICS:

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Monthly Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production