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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 September 10
INDONESIAN COAL FOR POWER PLANT - LANKA GAZETTE
Lanka Gazette reported that, A cargo vessel with coal on board to generate electricity for the Norochcholai Coal Power Plant will arrive in Sri Lank ...
Thursday, 30 September 10
DRY BULK MARKET HEADS SOUTH ONCE MORE WITH MARKET SENTIMENT TAKING A CAUTIOUS APPROACH - HELLENIC SHIPPING
The dry bulk market didn’t manage to maintain the slightly upward momentum it had established during the first two session of the week, with t ...
Wednesday, 29 September 10
MOZAMBIQUE: COAL IN THREE MORE TETE DISTRICTS
All africa reported that, Coal deposits have been confirmed in the districts of Changara, Cahora Bassa and Magoe, in the western Mozambican province ...
Tuesday, 28 September 10
MMTC TO AWARD CONTRACT TO CEPL AND KNOWLEDGE TO SUPPLY 0.835 MILLION TONS OF IMPORTED COAL
COALspot.com: MMTC, India’s state owned trading company has opened three coal purchase tenders today.
According to our market sources, Coas ...
Monday, 27 September 10
DRY BULK: FREIGHT RATES CONTINUE TO FALL ON LOW ACTIVITY - HELLENIC SHIPPING
The dry bulk market didn’t manage to change its fortunes during the past week, with holidays across many Asian countries, predominantly China, ...
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- Jorong Barutama Greston.PT - Indonesia
- IEA Clean Coal Centre - UK
- Wilmar Investment Holdings
- Therma Luzon, Inc, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- Independent Power Producers Association of India
- Savvy Resources Ltd - HongKong
- Directorate Of Revenue Intelligence - India
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Parry Sugars Refinery, India
- Petron Corporation, Philippines
- Deloitte Consulting - India
- European Bulk Services B.V. - Netherlands
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- PNOC Exploration Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bulk Trading Sa - Switzerland
- Bukit Makmur.PT - Indonesia
- Mercuria Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- Essar Steel Hazira Ltd - India
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Bhushan Steel Limited - India
- PTC India Limited - India
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- ASAPP Information Group - India
- Jindal Steel & Power Ltd - India
- Aditya Birla Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Wood Mackenzie - Singapore
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- The University of Queensland
- Baramulti Group, Indonesia
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Finance - Indonesia
- Vizag Seaport Private Limited - India
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- Edison Trading Spa - Italy
- GMR Energy Limited - India
- Ambuja Cements Ltd - India
- Marubeni Corporation - India
- Coastal Gujarat Power Limited - India
- Minerals Council of Australia
- AsiaOL BioFuels Corp., Philippines
- Indian Energy Exchange, India
- Meralco Power Generation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Gujarat Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Indonesian Coal Mining Association
- Bhatia International Limited - India
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- Vijayanagar Sugar Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Jaiprakash Power Ventures ltd
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- Commonwealth Bank - Australia
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- ICICI Bank Limited - India
- The Treasury - Australian Government
- London Commodity Brokers - England
- Sakthi Sugars Limited - India
- Planning Commission, India
- PetroVietnam Power Coal Import and Supply Company
- CIMB Investment Bank - Malaysia
- Sindya Power Generating Company Private Ltd
- Karbindo Abesyapradhi - Indoneisa
- White Energy Company Limited
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Kepco SPC Power Corporation, Philippines
- Ministry of Transport, Egypt
- Tamil Nadu electricity Board
- Manunggal Multi Energi - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Coalindo Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- Port Waratah Coal Services - Australia
- Agrawal Coal Company - India
- Africa Commodities Group - South Africa
- Tata Chemicals Ltd - India
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- Star Paper Mills Limited - India
- Rio Tinto Coal - Australia
- Electricity Generating Authority of Thailand
- Australian Coal Association
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Mjunction Services Limited - India
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- Malabar Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Indo Tambangraya Megah - Indonesia
- Indian Oil Corporation Limited
- Maheswari Brothers Coal Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Indika Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
- Banpu Public Company Limited - Thailand
- Kobexindo Tractors - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Orica Australia Pty. Ltd.
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Power Finance Corporation Ltd., India
- Electricity Authority, New Zealand
- Riau Bara Harum - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Ministry of Mines - Canada
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- Renaissance Capital - South Africa
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- Interocean Group of Companies - India
- CNBM International Corporation - China
- Chettinad Cement Corporation Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- Trasteel International SA, Italy
- Posco Energy - South Korea
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
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