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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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Monday, 27 December 10
HUNT FOR OVERSEAS COAL ASSETS TO INTENSIFY - FINANCIAL EXPRESS
Financial Express reported that, With the Indian economy back on the track after the slowdown, merger and acquisition (M&A) activities in the re ...
Monday, 27 December 10
RIO TINTO EYES AUSTRALIAN COAL MINER - RTE NEWS
Global resources giant Rio Tinto has made a $3.9 billion bid for Australian coal miner Riversdale.
RTE News reported that, Global resources giant ...
Sunday, 26 December 10
ANGLO SELLS AUSTRALIAN COAL ASSETS - BARCELONA NEWS
Barcelona News reported that, Anglo American has sold off undeveloped Australia coal assets for $577 million.
The global resources giant ha ...
Saturday, 25 December 10
FREIGHT MARKET - LOWEST FIXTURES REPORTED SINCE MID 2009 - CAPT. REDDY
COALspot.com - We wish you a Merry Christmas and a Happy New Year 2011.
The holiday season seems to have severely affected the fr ...
Friday, 24 December 10
CIL SHORTLISTS 21 FIRMS TO IMPORT 250 MT COAL - THE HINDU
The Hindu reported that, Coal India plans to import about 250 million tonnes (mt) over the next 10 years to meet the country's growing requirement. ...
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- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- PNOC Exploration Corporation - Philippines
- Petron Corporation, Philippines
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- Coal and Oil Company - UAE
- GMR Energy Limited - India
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Kaltim Prima Coal - Indonesia
- Renaissance Capital - South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Posco Energy - South Korea
- Global Green Power PLC Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rio Tinto Coal - Australia
- Indonesian Coal Mining Association
- PTC India Limited - India
- Africa Commodities Group - South Africa
- LBH Netherlands Bv - Netherlands
- Bhoruka Overseas - Indonesia
- Kepco SPC Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- Samtan Co., Ltd - South Korea
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- The University of Queensland
- ICICI Bank Limited - India
- Kumho Petrochemical, South Korea
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- PetroVietnam Power Coal Import and Supply Company
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- Standard Chartered Bank - UAE
- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
- Sindya Power Generating Company Private Ltd
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Sojitz Corporation - Japan
- Bukit Makmur.PT - Indonesia
- TeaM Sual Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Eastern Energy - Thailand
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ind-Barath Power Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- Tamil Nadu electricity Board
- Barasentosa Lestari - Indonesia
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- Gujarat Sidhee Cement - India
- Karaikal Port Pvt Ltd - India
- Eastern Coal Council - USA
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vizag Seaport Private Limited - India
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Directorate General of MIneral and Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Anglo American - United Kingdom
- Wood Mackenzie - Singapore
- Ceylon Electricity Board - Sri Lanka
- Alfred C Toepfer International GmbH - Germany
- Global Coal Blending Company Limited - Australia
- Siam City Cement - Thailand
- Gujarat Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Marubeni Corporation - India
- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- ASAPP Information Group - India
- International Coal Ventures Pvt Ltd - India
- London Commodity Brokers - England
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- Directorate Of Revenue Intelligence - India
- Deloitte Consulting - India
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- Minerals Council of Australia
- Petrochimia International Co. Ltd.- Taiwan
- Dalmia Cement Bharat India
- Toyota Tsusho Corporation, Japan
- PowerSource Philippines DevCo
- Coalindo Energy - Indonesia
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- Indian Oil Corporation Limited
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Makarim & Taira - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bulk Trading Sa - Switzerland
- Sinarmas Energy and Mining - Indonesia
- Uttam Galva Steels Limited - India
- SN Aboitiz Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Malabar Cements Ltd - India
- Bhatia International Limited - India
- Manunggal Multi Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Binh Thuan Hamico - Vietnam
- Globalindo Alam Lestari - Indonesia
- Chamber of Mines of South Africa
- Altura Mining Limited, Indonesia
- Semirara Mining Corp, Philippines
- Baramulti Group, Indonesia
- Larsen & Toubro Limited - India
- Iligan Light & Power Inc, Philippines
- SMG Consultants - Indonesia
- SMC Global Power, Philippines
- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- VISA Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- Australian Commodity Traders Exchange
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- OPG Power Generation Pvt Ltd - India
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- Mercuria Energy - Indonesia
- Energy Development Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Antam Resourcindo - Indonesia
- GVK Power & Infra Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Mines - Canada
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- GN Power Mariveles Coal Plant, Philippines
- Merrill Lynch Commodities Europe
- Global Business Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
- Trasteel International SA, Italy
- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
- Meralco Power Generation, Philippines
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- Bhushan Steel Limited - India
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