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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, 30 June 11
DRY BULK MARKET SHOWS SIGNS OF FURTHER WEAKENING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market seems to be unable to shake off the additional supply of vessels, an oversupply issue of grave concern that would have occured e ...
Wednesday, 29 June 11
ANOTHER STRONG PERFORMANCE BY CAPESIZE - BRS
Another strong performance by the Capesize market this week, bringing the BCI up 8% to 1,974 points. However the Panamax market was penalised, losin ...
Monday, 27 June 11
THE IRON ORE IMPORTS BY CHINA SEEMED TO SLOW DOWN - VISTAAR
COALspot.com - The BDI was holding as previous week and was just up by 1 point and closed at 1424 points end of last week. The biggest gain was ...
Friday, 24 June 11
THE INDONESIAN GOVERNMENT WILL NOT EXTEND ALL EXPIRED MINING CONTRACTS - JAKARTA UPDATES
The Indonesian Government have decided not to extend all mining concessions under the scheme called Contract of Work and instead will take over the ...
Friday, 24 June 11
BERAU EYEING 70 PERCENT GROWTH IN EBITDA
Indonesia's coal producer PT Berau Coal Energy Tbk (BRAU) is eyeing a 60 -70 percent growth in EBITDA to US$ 560 million-US$595 million this year. ...
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Showing 5211 to 5215 news of total 6871 |
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- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement PLC, Thailand
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Indonesian Coal Mining Association
- Pipit Mutiara Jaya. PT, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- Meenaskhi Energy Private Limited - India
- Bulk Trading Sa - Switzerland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bahari Cakrawala Sebuku - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- Medco Energi Mining Internasional
- Sakthi Sugars Limited - India
- Sindya Power Generating Company Private Ltd
- Sical Logistics Limited - India
- Heidelberg Cement - Germany
- PetroVietnam Power Coal Import and Supply Company
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercuria Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- Kideco Jaya Agung - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Riau Bara Harum - Indonesia
- Kaltim Prima Coal - Indonesia
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- Ceylon Electricity Board - Sri Lanka
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- Billiton Holdings Pty Ltd - Australia
- The Treasury - Australian Government
- Cigading International Bulk Terminal - Indonesia
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- Coastal Gujarat Power Limited - India
- Attock Cement Pakistan Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- New Zealand Coal & Carbon
- Banpu Public Company Limited - Thailand
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- Latin American Coal - Colombia
- Maharashtra Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Videocon Industries ltd - India
- Edison Trading Spa - Italy
- Binh Thuan Hamico - Vietnam
- Larsen & Toubro Limited - India
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Coal and Oil Company - UAE
- Formosa Plastics Group - Taiwan
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- Global Green Power PLC Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Trasteel International SA, Italy
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- Sojitz Corporation - Japan
- Directorate Of Revenue Intelligence - India
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Jindal Steel & Power Ltd - India
- Central Electricity Authority - India
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- Ind-Barath Power Infra Limited - India
- MS Steel International - UAE
- Pendopo Energi Batubara - Indonesia
- Wood Mackenzie - Singapore
- PTC India Limited - India
- Port Waratah Coal Services - Australia
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Dalmia Cement Bharat India
- GAC Shipping (India) Pvt Ltd
- Semirara Mining and Power Corporation, Philippines
- Coalindo Energy - Indonesia
- SMC Global Power, Philippines
- Ministry of Finance - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bukit Makmur.PT - Indonesia
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- Marubeni Corporation - India
- Grasim Industreis Ltd - India
- SN Aboitiz Power Inc, Philippines
- Bharathi Cement Corporation - India
- Timah Investasi Mineral - Indoneisa
- Vedanta Resources Plc - India
- Uttam Galva Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- Deloitte Consulting - India
- Indian Energy Exchange, India
- Commonwealth Bank - Australia
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- Makarim & Taira - Indonesia
- Bhushan Steel Limited - India
- Price Waterhouse Coopers - Russia
- SMG Consultants - Indonesia
- Energy Development Corp, Philippines
- Straits Asia Resources Limited - Singapore
- The University of Queensland
- Goldman Sachs - Singapore
- Samtan Co., Ltd - South Korea
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- Essar Steel Hazira Ltd - India
- Orica Mining Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Mines - Canada
- Bangladesh Power Developement Board
- VISA Power Limited - India
- White Energy Company Limited
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
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