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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, 06 September 10
DRY BULK MARKET GAINS 6.05% ON WEEK, BOOSTED BY CAPESIZE VESSELS
The dry bulk market is looking to capitalize last week’s gains of more than 6 percent in this week, as the capesize segment seems to be on a h ...
Sunday, 05 September 10
HARUM ENERGY EYES 7.4 MILION TONS OF COAL OUTPUT IN 2010
Indonesia's coal miner PT Harum Energy Tbk, controlled by Indonesian tycoon Kiki Barki, is eyeing 7.4 million tons of coal production in 2010, a 27 ...
Sunday, 05 September 10
THE FREIGHT MARKET WAS BIT VOLATILE WITH NO CLEAR INDICATION OF THE MARKET - CAPT REDDY
COALsopot.com: The freight market was bit volatile with no clear indication of the market.
However the BDI continued the upward trend mainly due ...
Sunday, 05 September 10
NOROCHCHOLAI POWER PLANT TO BE COMMISSIONED ON JANUARY 1
Daily news reported that, the Norochcholai coal power plant will be commissioned on January 1, 2011 adding 300 megawatts to the national power grid ...
Friday, 03 September 10
BANPU CUTS INDONESIAN HOLDING BUT ITM REMAINS KEY STRATEGIC UNIT - BANGKOK POST
"SET-listed Banpu Plc, Asean's largest coal miner, yesterday announced the sale of an 8.72% stake in its listed coalmining holding company in ...
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- Rio Tinto Coal - Australia
- Planning Commission, India
- Maharashtra Electricity Regulatory Commission - India
- PNOC Exploration Corporation - Philippines
- Orica Mining Services - Indonesia
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Chettinad Cement Corporation Ltd - India
- Oldendorff Carriers - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Central Electricity Authority - India
- Wilmar Investment Holdings
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- Eastern Coal Council - USA
- Bangladesh Power Developement Board
- Timah Investasi Mineral - Indoneisa
- Karbindo Abesyapradhi - Indoneisa
- Independent Power Producers Association of India
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Ambuja Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- White Energy Company Limited
- Indian Energy Exchange, India
- Thiess Contractors Indonesia
- Kepco SPC Power Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Tata Chemicals Ltd - India
- Vedanta Resources Plc - India
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- Altura Mining Limited, Indonesia
- LBH Netherlands Bv - Netherlands
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Mintek Dendrill Indonesia
- Videocon Industries ltd - India
- Minerals Council of Australia
- Sinarmas Energy and Mining - Indonesia
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Commonwealth Bank - Australia
- Pendopo Energi Batubara - Indonesia
- Essar Steel Hazira Ltd - India
- SN Aboitiz Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- The Treasury - Australian Government
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- SMC Global Power, Philippines
- Gujarat Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- Bulk Trading Sa - Switzerland
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Makarim & Taira - Indonesia
- Straits Asia Resources Limited - Singapore
- Karaikal Port Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- Thai Mozambique Logistica
- Latin American Coal - Colombia
- Banpu Public Company Limited - Thailand
- SMG Consultants - Indonesia
- The University of Queensland
- Parliament of New Zealand
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- Posco Energy - South Korea
- Energy Development Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- CNBM International Corporation - China
- Standard Chartered Bank - UAE
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sakthi Sugars Limited - India
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Malabar Cements Ltd - India
- Parry Sugars Refinery, India
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Star Paper Mills Limited - India
- Romanian Commodities Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- Africa Commodities Group - South Africa
- Sindya Power Generating Company Private Ltd
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- Bhoruka Overseas - Indonesia
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- Power Finance Corporation Ltd., India
- ASAPP Information Group - India
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
- Heidelberg Cement - Germany
- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Jaiprakash Power Ventures ltd
- Eastern Energy - Thailand
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Iligan Light & Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- PTC India Limited - India
- Energy Link Ltd, New Zealand
- Medco Energi Mining Internasional
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- Ceylon Electricity Board - Sri Lanka
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- Leighton Contractors Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Bhatia International Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- Meralco Power Generation, Philippines
- Price Waterhouse Coopers - Russia
- India Bulls Power Limited - India
- Therma Luzon, Inc, Philippines
- Economic Council, Georgia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Electricity Authority, New Zealand
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Kobexindo Tractors - Indoneisa
- Petron Corporation, Philippines
- GMR Energy Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Sarangani Energy Corporation, Philippines
- Deloitte Consulting - India
- Uttam Galva Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Simpson Spence & Young - Indonesia
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- Metalloyd Limited - United Kingdom
- South Luzon Thermal Energy Corporation
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