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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 $1.3 billion initial public offering last year, analysts had said.
Goldman Sachs, with a 9.94 percent stake in Adaro, is coordinating the sale of the shares, one source with direct knowledge of the matter said two weeks ago.
Goldman Sachs was adviser to San Miguel in the Manila-based conglomerate's ambitious diversification plan, which resulted in San Miguel's purchase of 27 percent of utility Manila Electric Co last year, a planned telecommunications venture, and a pending purchase of majority of oil refiner Petron Corp.
San Miguel is diversifying away from its traditional food and beverage business to fuel future growth.
Analysts said investors may want to sell out of Adaro given the uncertainty over coal prices amid an economic downturn.
Source: http://in.reuters.com/article/innovationNews/idINTRE53S47R20090429?sp=true
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Thursday, 15 September 11
INDIAN GOVT PLANS TO DEVELOP 9 NEW MAJOR PORTS BY 2016 - INVEST MONEY / HELLENIC SHIPPING
The government has announced to make a investment of more than Rs 22,000 crore (approximately US$ 4,623,791,331) to develop nine new major ...
Thursday, 15 September 11
BOTSWANA COAL AND ENERGY CONFERENCE 2011
Press Release - Botswana Coal and Energy Conference 2011 | 29-30 November 2011 | Gaborone. Botswana represents Africa’s exciting new coal and ...
Thursday, 15 September 11
DRY BULK MARKET EDGING FURTHER UP THE SCALE, CLOSING IN ON 2,000 POINTS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was up once again yesterday, reaching 1,927 points, or 1.375 higher on the day. Thus, it has kept its rising trend established d ...
Wednesday, 14 September 11
INDO STRAITS BAGS 2.4 MILLION TON COAL TRANSPORTATION CONTRACT FROM ARUTMIN
COALspot.com - PT Indo Straits Tbk (PTIS) bagged a contract to tranship about 2.40 million tons of coal over an initial period of 6 months fro ...
Wednesday, 14 September 11
DUTA PERTIWI DISCOVERS COAL RESERVE - INSIDER STORIES
Insider Stories reported that, PT Duta Pertiwi Nusantara Tbk (DPNS) yesterday steeply jumped 24.56% to Rp710 a share after the company discove ...
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- Economic Council, Georgia
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Mercuria Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Chamber of Mines of South Africa
- IHS Mccloskey Coal Group - USA
- Intertek Mineral Services - Indonesia
- Kobexindo Tractors - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Merrill Lynch Commodities Europe
- Wood Mackenzie - Singapore
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- The University of Queensland
- Vizag Seaport Private Limited - India
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- Gujarat Electricity Regulatory Commission - India
- PTC India Limited - India
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- TeaM Sual Corporation - Philippines
- Krishnapatnam Port Company Ltd. - India
- Eastern Coal Council - USA
- Latin American Coal - Colombia
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Videocon Industries ltd - India
- Sojitz Corporation - Japan
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Metalloyd Limited - United Kingdom
- Gujarat Mineral Development Corp Ltd - India
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- Africa Commodities Group - South Africa
- Attock Cement Pakistan Limited
- Thai Mozambique Logistica
- New Zealand Coal & Carbon
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Siam City Cement PLC, Thailand
- GN Power Mariveles Coal Plant, Philippines
- Kumho Petrochemical, South Korea
- Planning Commission, India
- ASAPP Information Group - India
- GVK Power & Infra Limited - India
- VISA Power Limited - India
- Rio Tinto Coal - Australia
- Indogreen Group - Indonesia
- Barasentosa Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Medco Energi Mining Internasional
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Coal and Oil Company - UAE
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- ICICI Bank Limited - India
- Parliament of New Zealand
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Binh Thuan Hamico - Vietnam
- Baramulti Group, Indonesia
- Ministry of Transport, Egypt
- AsiaOL BioFuels Corp., Philippines
- Standard Chartered Bank - UAE
- PNOC Exploration Corporation - Philippines
- Coalindo Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Xindia Steels Limited - India
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Heidelberg Cement - Germany
- Indian Energy Exchange, India
- Indian Oil Corporation Limited
- CNBM International Corporation - China
- Toyota Tsusho Corporation, Japan
- LBH Netherlands Bv - Netherlands
- Australian Coal Association
- Petron Corporation, Philippines
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- Power Finance Corporation Ltd., India
- Electricity Generating Authority of Thailand
- Makarim & Taira - Indonesia
- Coastal Gujarat Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- CIMB Investment Bank - Malaysia
- Vijayanagar Sugar Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Star Paper Mills Limited - India
- Directorate Of Revenue Intelligence - India
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- Meralco Power Generation, Philippines
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- Independent Power Producers Association of India
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- Singapore Mercantile Exchange
- Globalindo Alam Lestari - Indonesia
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- PowerSource Philippines DevCo
- Asmin Koalindo Tuhup - Indonesia
- Mjunction Services Limited - India
- GMR Energy Limited - India
- Trasteel International SA, Italy
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Port Waratah Coal Services - Australia
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- The State Trading Corporation of India Ltd
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Lanco Infratech Ltd - India
- White Energy Company Limited
- Wilmar Investment Holdings
- Price Waterhouse Coopers - Russia
- Holcim Trading Pte Ltd - Singapore
- McConnell Dowell - Australia
- Minerals Council of Australia
- London Commodity Brokers - England
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- Sarangani Energy Corporation, Philippines
- Tata Chemicals Ltd - India
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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