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, 28 September 11
ATLAS RESOURCES TO SELL 25% STAKE IN IPO - INSIDER STORIES
Insider Stories reported that, coal producer PT Atlas Resources Tbk, that is controlled by Indonesian businessman Andre Abdi, plans to sell 783.33 m ...


Tuesday, 27 September 11
A STRONG REBOUND FOR THE CAPE MARKET - BRS
A strong rebound for the Cape market, as cargoes continued to flow into the market and tonnage remained tight in the Atlantic, according to Barry Ro ...


Tuesday, 27 September 11
INTRACO SEALS US$25.3 MIO ORDER - INSIDER STORIES
Insider Stories reported that, Heavy equipment distributor PT Intraco Penta Tbk (INTA) obtained a US$25.3 million order on hand of heavy equipments ...


Sunday, 25 September 11
THE CHARTER RATES FOR INDONESIA TO INDIA WAS FIRM - VISTAAR
COALspot.com - The freight market moved up sharply with the cape Index up by 11 pct  pushing the BDI by almost 6 pct and closing at 1,920 point ...


Saturday, 24 September 11
GOVT PLANS TO RENEGOTIATE ALL CONTRACTS INCLUDING FREEPORT - JP
The Jakarta Post reported that, the Energy and Mineral Resources Ministry has confirmed plans to renegotiate all mining contracts including those wi ...


   1011 1012 1013 1014 1015   
Showing 5061 to 5065 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 ...

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