COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Thursday, 30 April 09
SAN MIGUEL IN TALKS TO BUY STAKE IN ADARO - REUTERS


San Miguel Corp is in talks to buy a stake worth about $500 million in Adaro Energy , Indonesia's largest coal producer by market value, the Philippine conglomerate's president said on Wednesday.

It will be the second time that San Miguel has attempted to buy a stake in an Indonesian coal firm, after earlier talks to take a majority stake in the Southeast Asian country's top miner PT Bumi Resources  fizzled out.

"Yes, in talks with Goldman," San Miguel president Ramon Ang told Reuters when asked if Southeast Asia's biggest food and beverage firm was among possible buyers of the stake up for sale in Adaro.

Ang declined to say how big a stake San Miguel plans to buy.

Goldman Sachs, Citigroup and hedge fund Farallon were looking to sell around 17 percent of Adaro Energy to strategic investors, sources told Reuters earlier this month.

The sale was expected after a lockup period ended in March for financial sponsors, which included the three financial groups, which had participated in Adaro's $1.3 billion initial public offering last year, analysts had said.

Goldman Sachs, with a 9.94 percent stake in Adaro, is coordinating the sale of the shares, one source with direct knowledge of the matter said two weeks ago.

Goldman Sachs was adviser to San Miguel in the Manila-based conglomerate's ambitious diversification plan, which resulted in San Miguel's purchase of 27 percent of utility Manila Electric Co  last year, a planned telecommunications venture, and a pending purchase of majority of oil refiner Petron Corp.

San Miguel is diversifying away from its traditional food and beverage business to fuel future growth.

Analysts said investors may want to sell out of Adaro given the uncertainty over coal prices amid an economic downturn.

Source: http://in.reuters.com/article/innovationNews/idINTRE53S47R20090429?sp=true



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 19 October 11
ADARO ACQUIRES BUKIT ENIM ENERGI - INSIDER STORIES
Insider Stories reported that, Coal miner PT Adaro Energy Tbk, via its subsidiary dubbed PT Alam Tri Abadi, today revealed a 46% stake takeover of a ...


Tuesday, 18 October 11
INDONESIAN PRESIDENT APPOINTS JERO WACIK AS NEW MINISTER OF ENERGY & MINERAL RESOURCES
COALspot.com - Jero Wacik has been appointed as minister of energy and mineral resources of Indonesia replacing Darwin Saleh and Prof. Widjajono Par ...


Tuesday, 18 October 11
DELTA DUNIA MAKMUR HAS PRODUCED 3.0 MILLION TONS OF COAL LAST MONTH
COALspot.com - PT. Delta Dunia Makmur, wholly owned subsidiary, PT Bukit Makmur Mandiri Utama (BUMA), Delta Dunia Makmur has removed 1.4 million bcm ...


Monday, 17 October 11
KOWEPO TO BUY 260,000 MT BITUMINOUS COAL
COALspot.com - KOWEPO has issued a spot tender for 260,000MT of minimum 5,600kcal/kg NAR Bituminous Coal. The tender document also mentioned tha ...


Monday, 17 October 11
CAPESIZE SHIPPING COSTS CLIMB TO 10-MONTH HIGH ON ORE IMPORTS
The cost to hire capesize vessels climbed to a 10-month high as rising imports of iron ore to China boosted demand for the ships.Monthly iron-ore sh ...


   1004 1005 1006 1007 1008   
Showing 5026 to 5030 news of total 6871
News by Category
Popular News
 
Total Members : 28,694
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Gupta Coal India Ltd
  • PLN - Indonesia
  • Sakthi Sugars Limited - India
  • LBH Netherlands Bv - Netherlands
  • DBS Bank - Singapore
  • Dalmia Cement Bharat India
  • Ministry of Mines - Canada
  • Deloitte Consulting - India
  • Core Mineral Indonesia
  • MS Steel International - UAE
  • Tamil Nadu electricity Board
  • Noble Europe Ltd - UK
  • Electricity Generating Authority of Thailand
  • Cement Manufacturers Association - India
  • Shree Cement - India
  • Deutsche Bank - India
  • Riau Bara Harum - Indonesia
  • PTC India Limited - India
  • Kumho Petrochemical, South Korea
  • Barasentosa Lestari - Indonesia
  • Credit Suisse - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • GAC Shipping (India) Pvt Ltd
  • Gujarat Mineral Development Corp Ltd - India
  • CIMB Investment Bank - Malaysia
  • TRAFIGURA, South Korea
  • Directorate General of MIneral and Coal - Indonesia
  • AsiaOL BioFuels Corp., Philippines
  • Manunggal Multi Energi - Indonesia
  • Indonesian Coal Mining Association
  • Coal and Oil Company - UAE
  • Maruti Cements - India
  • Thermax Limited - India
  • Latin American Coal - Colombia
  • Mercator Lines Limited - India
  • Shenhua Group - China
  • NALCO India
  • EIA - United States
  • IMC Shipping - Singapore
  • Panama Canal Authority
  • Indika Energy - Indonesia
  • Bhoruka Overseas - Indonesia
  • San Jose City I Power Corp, Philippines
  • Berau Coal - Indonesia
  • globalCOAL - UK
  • Central Java Power - Indonesia
  • Mechel - Russia
  • Samsung - South Korea
  • Russian Coal LLC
  • Coeclerici Indonesia
  • Samtan Co., Ltd - South Korea
  • Formosa Plastics Group - Taiwan
  • Bahari Cakrawala Sebuku - Indonesia
  • Aditya Birla Group - India
  • PowerSource Philippines DevCo
  • Standard Chartered Bank - UAE
  • Coal Orbis AG
  • Inspectorate - India
  • TANGEDCO India
  • Edison Trading Spa - Italy
  • Coal India Limited
  • IBC Asia (S) Pte Ltd
  • Mitra SK Pvt Ltd - India
  • Eastern Coal Council - USA
  • Global Business Power Corporation, Philippines
  • Mintek Dendrill Indonesia
  • Bank of China, Malaysia
  • Simpson Spence & Young - Indonesia
  • Antam Resourcindo - Indonesia
  • Anglo American - United Kingdom
  • Bhushan Steel Limited - India
  • Cargill India Pvt Ltd
  • Bangladesh Power Developement Board
  • Glencore India Pvt. Ltd
  • SGS (Thailand) Limited
  • JPower - Japan
  • Baramulti Group, Indonesia
  • Bukit Makmur.PT - Indonesia
  • Romanian Commodities Exchange
  • Geoservices-GeoAssay Lab
  • Jatenergy - Australia
  • Xstrata Coal
  • PetroVietnam
  • Indian School of Mines
  • Merrill Lynch Bank
  • Africa Commodities Group - South Africa
  • Minerals Council of Australia
  • Billiton Holdings Pty Ltd - Australia
  • bp singapore
  • White Energy Company Limited
  • Kalimantan Lumbung Energi - Indonesia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • McConnell Dowell - Australia
  • Thailand Anthracite
  • KEPCO - South Korea
  • GHCL Limited - India
  • UOB Asia (HK) Ltd
  • Mitsui
  • Cigading International Bulk Terminal - Indonesia
  • Sucofindo - Indonesia
  • Xindia Steels Limited - India
  • Economic Council, Georgia
  • Maybank - Singapore
  • Maharashtra Electricity Regulatory Commission - India
  • Cardiff University - UK
  • Intertek Mineral Services - Indonesia
  • Pinang Coal Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • Holcim Trading Pte Ltd - Singapore
  • Ministry of Transport, Egypt
  • Sarangani Energy Corporation, Philippines
  • Kobe Steel Ltd - Japan
  • Cosco
  • Grasim Industreis Ltd - India
  • PetroVietnam Power Coal Import and Supply Company
  • Trasteel International SA, Italy
  • Directorate Of Revenue Intelligence - India
  • Independent Power Producers Association of India
  • SASOL - South Africa
  • World Bank
  • TNPL - India
  • Bangkok Bank PCL
  • KPCL - India
  • Coastal Gujarat Power Limited - India
  • Neyveli Lignite Corporation Ltd, - India
  • Global Coal Blending Company Limited - Australia
  • Petron Corporation, Philippines
  • Carbofer General Trading SA - India
  • Posco Energy - South Korea
  • Georgia Ports Authority, United States
  • Runge Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Coaltrans Conferences
  • OCBC - Singapore
  • The State Trading Corporation of India Ltd
  • Siam City Cement PLC, Thailand
  • The Treasury - Australian Government
  • Kapuas Tunggal Persada - Indonesia
  • Sojitz Corporation - Japan
  • KPMG - USA
  • Makarim & Taira - Indonesia
  • Enel Italy
  • European Bulk Services B.V. - Netherlands
  • ASAPP Information Group - India
  • Thriveni
  • SRK Consulting
  • Karaikal Port Pvt Ltd - India
  • Parliament of New Zealand
  • Power Finance Corporation Ltd., India
  • ANZ Bank - Australia
  • KOWEPO - South Korea
  • Gujarat Sidhee Cement - India
  • Maersk Broker
  • Renaissance Capital - South Africa
  • Gresik Semen - Indonesia
  • Malco - India
  • World Coal - UK
  • Bank of America
  • SN Aboitiz Power Inc, Philippines
  • Energy Link Ltd, New Zealand
  • Electricity Authority, New Zealand
  • Heidelberg Cement - Germany
  • Kideco Jaya Agung - Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • Idemitsu - Japan
  • RBS Sempra - UK
  • SUEK AG - Indonesia
  • Arch Coal - USA
  • Ministry of Finance - Indonesia
  • Larsen & Toubro Limited - India
  • Vitol - Bahrain
  • Surastha Cement
  • Videocon Industries ltd - India
  • ETA - Dubai
  • Ind-Barath Power Infra Limited - India
  • Borneo Indobara - Indonesia
  • Iligan Light & Power Inc, Philippines
  • Goldman Sachs - Singapore
  • Indian Oil Corporation Limited
  • Freeport Indonesia
  • Tata Power - India
  • Timah Investasi Mineral - Indoneisa
  • Australian Coal Association
  • Bulk Trading Sa - Switzerland
  • Pendopo Energi Batubara - Indonesia
  • The University of Queensland
  • Permata Bank - Indonesia
  • Attock Cement Pakistan Limited
  • SMC Global Power, Philippines
  • Thiess Contractors Indonesia
  • Lafarge - France
  • Indogreen Group - Indonesia
  • Port Waratah Coal Services - Australia
  • Price Waterhouse Coopers - Russia
  • HSBC - Hong Kong
  • Ince & co LLP
  • Vijayanagar Sugar Pvt Ltd - India
  • Merrill Lynch Commodities Europe
  • Coalindo Energy - Indonesia
  • Thai Mozambique Logistica
  • Qatrana Cement - Jordan
  • Kobexindo Tractors - Indoneisa
  • Petrosea - Indonesia
  • Argus Media - Singapore
  • Asmin Koalindo Tuhup - Indonesia
  • Leighton Contractors Pty Ltd - Australia
  • International Coal Ventures Pvt Ltd - India
  • Mercuria Energy - Indonesia
  • Vizag Seaport Private Limited - India
  • Siam City Cement - Thailand
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • U S Energy Resources
  • IHS Mccloskey Coal Group - USA
  • Tanito Harum - Indonesia
  • SMG Consultants - Indonesia
  • Energy Development Corp, Philippines
  • J M Baxi & Co - India
  • ICICI Bank Limited - India
  • Indian Energy Exchange, India
  • Asia Cement - Taiwan
  • Peabody Energy - USA
  • Gujarat Electricity Regulatory Commission - India
  • Clarksons - UK
  • GN Power Mariveles Coal Plant, Philippines
  • McKinsey & Co - India
  • Binh Thuan Hamico - Vietnam
  • Kohat Cement Company Ltd. - Pakistan
  • Star Paper Mills Limited - India
  • BNP Paribas - Singapore
  • Globalindo Alam Lestari - Indonesia
  • Straits Asia Resources Limited - Singapore
  • Sindya Power Generating Company Private Ltd
  • Ernst & Young Pvt. Ltd.
  • Meenaskhi Energy Private Limited - India
  • Bharathi Cement Corporation - India
  • Therma Luzon, Inc, Philippines
  • Uttam Galva Steels Limited - India
  • BRS Brokers - Singapore
  • Meralco Power Generation, Philippines
  • CoalTek, United States
  • Rudhra Energy - India
  • TGV SRAAC LIMITED, India
  • South Luzon Thermal Energy Corporation
  • GVK Power & Infra Limited - India
  • Essar Steel Hazira Ltd - India
  • Altura Mining Limited, Indonesia
  • WorleyParsons
  • Moodys - Singapore
  • Bayan Resources Tbk. - Indonesia
  • Adani Power Ltd - India
  • IOL Indonesia
  • Commonwealth Bank - Australia
  • NTPC Limited - India
  • Orica Mining Services - Indonesia
  • Mitsubishi Corporation
  • Tata Chemicals Ltd - India
  • Wilmar Investment Holdings
  • Kartika Selabumi Mining - Indonesia
  • PNOC Exploration Corporation - Philippines
  • Global Green Power PLC Corporation, Philippines
  • EMO - The Netherlands
  • GMR Energy Limited - India
  • Agrawal Coal Company - India
  • PLN Batubara - Indonesia
  • Jorong Barutama Greston.PT - Indonesia
  • Kepco SPC Power Corporation, Philippines
  • Malabar Cements Ltd - India
  • Reliance Power - India
  • GNFC Limited - India
  • Toyota Tsusho Corporation, Japan
  • Eastern Energy - Thailand
  • Bukit Asam (Persero) Tbk - Indonesia
  • The India Cements Ltd
  • Jaiprakash Power Ventures ltd
  • India Bulls Power Limited - India
  • Bukit Baiduri Energy - Indonesia
  • Maheswari Brothers Coal Limited - India
  • Chettinad Cement Corporation Ltd - India
  • Humpuss - Indonesia
  • Total Coal South Africa
  • Arutmin Indonesia
  • Mjunction Services Limited - India
  • Marubeni Corporation - India
  • Rashtriya Ispat Nigam Limited - India
  • Aboitiz Power Corporation - Philippines
  • Platts
  • Asian Development Bank
  • Barclays Capital - USA
  • Savvy Resources Ltd - HongKong
  • Pipit Mutiara Jaya. PT, Indonesia
  • TeaM Sual Corporation - Philippines
  • CNBM International Corporation - China
  • Sree Jayajothi Cements Limited - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • UBS Singapore
  • Sical Logistics Limited - India
  • Oldendorff Carriers - Singapore
  • Platou - Singapore
  • Singapore Mercantile Exchange
  • Wood Mackenzie - Singapore
  • Interocean Group of Companies - India
  • Jindal Steel & Power Ltd - India
  • ING Bank NV - Singapore
  • Britmindo - Indonesia
  • Madhucon Powers Ltd - India
  • Bhatia International Limited - India
  • VISA Power Limited - India
  • Lanco Infratech Ltd - India
  • New Zealand Coal & Carbon
  • Kaltim Prima Coal - Indonesia
  • JPMorgan - India
  • Orica Australia Pty. Ltd.
  • Semirara Mining and Power Corporation, Philippines
  • Petrochimia International Co. Ltd.- Taiwan
  • Fearnleys - India
  • CESC Limited - India
  • London Commodity Brokers - England
  • Adaro Indonesia
  • OPG Power Generation Pvt Ltd - India
  • Salva Resources Pvt Ltd - India
  • Metalloyd Limited - United Kingdom
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Indorama - Singapore
  • CCIC - Indonesia
  • Chamber of Mines of South Africa
  • Vedanta Resources Plc - India
  • GB Group - China
  • Banpu Public Company Limited - Thailand
  • Alfred C Toepfer International GmbH - Germany
  • Indo Tambangraya Megah - Indonesia
  • Semirara Mining Corp, Philippines
  • Inco-Indonesia
  • Planning Commission, India
  • Japan Coal Energy Center
  • Infraline Energy - India
  • Parry Sugars Refinery, India
  • Ambuja Cements Ltd - India
  • Vale Mozambique
  • Cebu Energy, Philippines
  • Krishnapatnam Port Company Ltd. - India
  • Australian Commodity Traders Exchange
  • Cemex - Philippines
  • Thomson Reuters GRC
  • MEC Coal - Indonesia
  • APGENCO India
  • Indonesia Power. PT
  • Miang Besar Coal Terminal - Indonesia
  • Central Electricity Authority - India
  • Rio Tinto Coal - Australia
  • TNB Fuel Sdn Bhd - Malaysia
  • ACC Limited - India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • IEA Clean Coal Centre - UK
  • Medco Energi Mining Internasional
  • Karbindo Abesyapradhi - Indoneisa