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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 $1.3 billion initial public offering last year, analysts had said.
Goldman Sachs, with a 9.94 percent stake in Adaro, is coordinating the sale of the shares, one source with direct knowledge of the matter said two weeks ago.
Goldman Sachs was adviser to San Miguel in the Manila-based conglomerate's ambitious diversification plan, which resulted in San Miguel's purchase of 27 percent of utility Manila Electric Co last year, a planned telecommunications venture, and a pending purchase of majority of oil refiner Petron Corp.
San Miguel is diversifying away from its traditional food and beverage business to fuel future growth.
Analysts said investors may want to sell out of Adaro given the uncertainty over coal prices amid an economic downturn.
Source: http://in.reuters.com/article/innovationNews/idINTRE53S47R20090429?sp=true
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Monday, 13 December 10
ICE FUTURES EUROPE TO LAUNCH IHS MCCLOSKEY INDONESIAN SUB-BITUMINOUS FOB MARKER COAL CONTRACTS - MONDOVISIONE
Mondovisione reported that, IntercontinentalExchange (NYSE: ICE), a leading operator of global regulated futures exchanges, clearing houses and over ...
Monday, 13 December 10
NALCO TO START WORK ON RS 18K CR ($ 4,010,695,091) INDONESIAN PROJECT BY JUNE - MSN
MSN reported that, State-owned NALCO today said it has selected UAE-based RAK Minerals as JV partner for its Rs 18,000 crore (US$ 4,010,695,091 ...
Monday, 13 December 10
DEUTSCHE BANK RAISES COAL FORECASTS ON MARKET SHORTAGE - BLOOMBERG
Deutsche Bank AG raised price forecasts for thermal coal by as much as 17 percent on expectations that a shortage of the fuel will widen over the ne ...
Monday, 13 December 10
K SERA SERA TO SPEND RS325CR TO BUY COAL,OIL & GAS FIRMS STAKE - LIVE MINT
The company might have to dole out around Rs 225 crore (US$ 50,122,522) for picking up the majority stake in the coal mine in Indonesia and around R ...
Thursday, 09 December 10
OVERSUPPLY OF SHIPS BOUND TO KEEP DRY BULK FREIGHT RATES SUBDUED DURING 2011 SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
An oversupply of vessels is expected to keep freight rates from flying as high as in recent years said a relative shipping report from BIMCO’s ...
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- Anglo American - United Kingdom
- Energy Development Corp, Philippines
- Mjunction Services Limited - India
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Romanian Commodities Exchange
- Xindia Steels Limited - India
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- Petron Corporation, Philippines
- Commonwealth Bank - Australia
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Posco Energy - South Korea
- Barasentosa Lestari - Indonesia
- Aditya Birla Group - India
- Directorate Of Revenue Intelligence - India
- Dalmia Cement Bharat India
- Coal and Oil Company - UAE
- Global Coal Blending Company Limited - Australia
- Orica Australia Pty. Ltd.
- Maheswari Brothers Coal Limited - India
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Carbofer General Trading SA - India
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Borneo Indobara - Indonesia
- Planning Commission, India
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Meenaskhi Energy Private Limited - India
- Electricity Authority, New Zealand
- Straits Asia Resources Limited - Singapore
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Madhucon Powers Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- Eastern Energy - Thailand
- Gujarat Mineral Development Corp Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Alfred C Toepfer International GmbH - Germany
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- New Zealand Coal & Carbon
- Billiton Holdings Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Siam City Cement PLC, Thailand
- London Commodity Brokers - England
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- Ministry of Finance - Indonesia
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- Coalindo Energy - Indonesia
- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- Georgia Ports Authority, United States
- Ceylon Electricity Board - Sri Lanka
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
- IEA Clean Coal Centre - UK
- Neyveli Lignite Corporation Ltd, - India
- Formosa Plastics Group - Taiwan
- Jorong Barutama Greston.PT - Indonesia
- McConnell Dowell - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jindal Steel & Power Ltd - India
- Meralco Power Generation, Philippines
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- IHS Mccloskey Coal Group - USA
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Kobexindo Tractors - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Makarim & Taira - Indonesia
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- GAC Shipping (India) Pvt Ltd
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Star Paper Mills Limited - India
- Gujarat Sidhee Cement - India
- Vijayanagar Sugar Pvt Ltd - India
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Uttam Galva Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- Deloitte Consulting - India
- ASAPP Information Group - India
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Sarangani Energy Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Antam Resourcindo - Indonesia
- Manunggal Multi Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Parry Sugars Refinery, India
- South Luzon Thermal Energy Corporation
- Maharashtra Electricity Regulatory Commission - India
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- San Jose City I Power Corp, Philippines
- MS Steel International - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- Samtan Co., Ltd - South Korea
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- Ind-Barath Power Infra Limited - India
- Jaiprakash Power Ventures ltd
- Cement Manufacturers Association - India
- CNBM International Corporation - China
- LBH Netherlands Bv - Netherlands
- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- Baramulti Group, Indonesia
- Thiess Contractors Indonesia
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Heidelberg Cement - Germany
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- GMR Energy Limited - India
- The University of Queensland
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- Oldendorff Carriers - Singapore
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bharathi Cement Corporation - India
- Wood Mackenzie - Singapore
- Central Electricity Authority - India
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Iligan Light & Power Inc, Philippines
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- Intertek Mineral Services - Indonesia
- Essar Steel Hazira Ltd - India
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