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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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Friday, 19 August 11
AUSTRALIAS' ATH TO ACQUIRE 60% OF APUAH COAL MINE IN INDONESIA
COALspot.com - Australian listed company, Atech Holdings Limited (ATH) has entered into a conditional binding term sheet to acquire 60 percent stake ...
Friday, 19 August 11
INDIA IMPORTS LESS INDONESIAN COAL THAN CHINA IN JULY
COALspot.com - Indonesia shipped 31.30 Million tons of coal in July 2011, up by 10.69 percent compared to June's export of about 28.27 ...
Thursday, 18 August 11
INDONESIAS PROPOSED LOW GRADE COAL EXPORT BAN WILL NOT HAVE A SIGNIFICANT IMPACT ON INDIA - MISWIN MAHESH
COALspot.com - The Indonesian government is currently in the process of drafting a new regulation that could ban the export of low-grade coal by Jan ...
Thursday, 18 August 11
MARUBENI ACQUIRED 42.86% OF YTL JAWA POWER
COALspot.com - Marubeni Corporation (Marubeni) has completed the acquisition of 42.86 percent of the shares of YTL Jawa Power Holdings BV from YTL P ...
Wednesday, 17 August 11
CME LAUNCHES ARGUS COKING COAL SWAP FUTURES
COALspot.com - Argus media reported that, leading exchange CME Group will list an Australian coking coal swap futures contract for trading on the Ny ...
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- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- Standard Chartered Bank - UAE
- Sojitz Corporation - Japan
- Semirara Mining Corp, Philippines
- Gujarat Sidhee Cement - India
- South Luzon Thermal Energy Corporation
- PTC India Limited - India
- Planning Commission, India
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- Parliament of New Zealand
- Krishnapatnam Port Company Ltd. - India
- Lanco Infratech Ltd - India
- Indian Energy Exchange, India
- AsiaOL BioFuels Corp., Philippines
- Central Java Power - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Malabar Cements Ltd - India
- Medco Energi Mining Internasional
- Indika Energy - Indonesia
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- International Coal Ventures Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Electricity Authority, New Zealand
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- Baramulti Group, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Kepco SPC Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Antam Resourcindo - Indonesia
- Minerals Council of Australia
- Bangladesh Power Developement Board
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
- Orica Mining Services - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- TeaM Sual Corporation - Philippines
- Attock Cement Pakistan Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Dalmia Cement Bharat India
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- Bukit Baiduri Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- Salva Resources Pvt Ltd - India
- Economic Council, Georgia
- Chettinad Cement Corporation Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Singapore Mercantile Exchange
- Mercuria Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- ICICI Bank Limited - India
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- Kartika Selabumi Mining - Indonesia
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
- Interocean Group of Companies - India
- Renaissance Capital - South Africa
- Coastal Gujarat Power Limited - India
- The Treasury - Australian Government
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- SMG Consultants - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- PNOC Exploration Corporation - Philippines
- Rio Tinto Coal - Australia
- Parry Sugars Refinery, India
- Bhoruka Overseas - Indonesia
- Siam City Cement - Thailand
- Intertek Mineral Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Sindya Power Generating Company Private Ltd
- Binh Thuan Hamico - Vietnam
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
- Indogreen Group - Indonesia
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Central Electricity Authority - India
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Wilmar Investment Holdings
- GAC Shipping (India) Pvt Ltd
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Indian Oil Corporation Limited
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- Carbofer General Trading SA - India
- Deloitte Consulting - India
- Petron Corporation, Philippines
- GVK Power & Infra Limited - India
- Electricity Generating Authority of Thailand
- Power Finance Corporation Ltd., India
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- MS Steel International - UAE
- CIMB Investment Bank - Malaysia
- IEA Clean Coal Centre - UK
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- White Energy Company Limited
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- Bharathi Cement Corporation - India
- Global Green Power PLC Corporation, Philippines
- Borneo Indobara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Barasentosa Lestari - Indonesia
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Orica Australia Pty. Ltd.
- Merrill Lynch Commodities Europe
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- Eastern Coal Council - USA
- Bahari Cakrawala Sebuku - Indonesia
- European Bulk Services B.V. - Netherlands
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Vizag Seaport Private Limited - India
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- IHS Mccloskey Coal Group - USA
- Mintek Dendrill Indonesia
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Vijayanagar Sugar Pvt Ltd - India
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- Africa Commodities Group - South Africa
- Therma Luzon, Inc, Philippines
- Mjunction Services Limited - India
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Jaiprakash Power Ventures ltd
- PowerSource Philippines DevCo
- Madhucon Powers Ltd - India
- Goldman Sachs - Singapore
- Bhatia International Limited - India
- Energy Development Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- Australian Coal Association
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Independent Power Producers Association of India
- Indonesian Coal Mining Association
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- SMC Global Power, Philippines
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- Global Business Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- ASAPP Information Group - India
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
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