COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 21 July 10
CHARTER RATES FOR BIG SHIPS GO INTO FREEFALL
It is reported that concerns over the slowdown in the mainland construction sector posturing over ore price negotiations and a general summer slowdo ...


Wednesday, 21 July 10
FEWER SHIPS SOLD FOR SCRAP IN JUNE, ADDING PRESSURE TO FREIGHT RATES
The easing of vessel tonnage supply should be among the main concerns among ship owners, especially those active in dry bulk shipping. The reason is ...


Wednesday, 21 July 10
BUKIT ASAM SEALS RP900 BIO COAL DEAL
  Souce: Insider Stories Insider Stories reported that, State-Owned coal producer PT Tambang Batubara Bukit Asam Tbk (PTBA) have agreed t ...


Wednesday, 21 July 10
TUAH TURANGGA BUYS ABP US$ 15.9 MIO
  Source: Insider Stories   Insider Stories reported that, Komatsu heavy equipment PT United Tractors Tbk (UNTR) through its wh ...


Tuesday, 20 July 10
CHINA'S RELIANCE ON COAL TO DROP 7% BY 2015 - XINHUA NET
Xinhua Net reported that, China's coal consumption is likely to drop to 63 percent of total energy consumption by 2015, down from 70 percent last y ...


   1141 1142 1143 1144 1145   
Showing 5711 to 5715 news of total 6871
News by Category
Popular News
 
Total Members : 28,691
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Heidelberg Cement - Germany
  • Mitsubishi Corporation
  • Pinang Coal Indonesia
  • Ministry of Mines - Canada
  • Indian Energy Exchange, India
  • Bhatia International Limited - India
  • Aditya Birla Group - India
  • GHCL Limited - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • The State Trading Corporation of India Ltd
  • Energy Link Ltd, New Zealand
  • CNBM International Corporation - China
  • Bukit Baiduri Energy - Indonesia
  • Argus Media - Singapore
  • Edison Trading Spa - Italy
  • TNB Fuel Sdn Bhd - Malaysia
  • KOWEPO - South Korea
  • Inco-Indonesia
  • Cement Manufacturers Association - India
  • Gresik Semen - Indonesia
  • Central Electricity Authority - India
  • Shenhua Group - China
  • Chettinad Cement Corporation Ltd - India
  • Goldman Sachs - Singapore
  • MS Steel International - UAE
  • Singapore Mercantile Exchange
  • The India Cements Ltd
  • Thailand Anthracite
  • U S Energy Resources
  • Vale Mozambique
  • Australian Coal Association
  • Bukit Makmur.PT - Indonesia
  • CCIC - Indonesia
  • Formosa Plastics Group - Taiwan
  • Economic Council, Georgia
  • Energy Development Corp, Philippines
  • Cemex - Philippines
  • Georgia Ports Authority, United States
  • Manunggal Multi Energi - Indonesia
  • TNPL - India
  • Central Java Power - Indonesia
  • Meenaskhi Energy Private Limited - India
  • Coaltrans Conferences
  • Glencore India Pvt. Ltd
  • Vitol - Bahrain
  • Eastern Energy - Thailand
  • Idemitsu - Japan
  • Pendopo Energi Batubara - Indonesia
  • Thriveni
  • Adani Power Ltd - India
  • GVK Power & Infra Limited - India
  • Jatenergy - Australia
  • Tata Chemicals Ltd - India
  • Asmin Koalindo Tuhup - Indonesia
  • APGENCO India
  • Indorama - Singapore
  • Thiess Contractors Indonesia
  • Bahari Cakrawala Sebuku - Indonesia
  • Kumho Petrochemical, South Korea
  • ACC Limited - India
  • J M Baxi & Co - India
  • Sucofindo - Indonesia
  • Gujarat Electricity Regulatory Commission - India
  • Price Waterhouse Coopers - Russia
  • Agrawal Coal Company - India
  • Berau Coal - Indonesia
  • Xstrata Coal
  • DBS Bank - Singapore
  • Globalindo Alam Lestari - Indonesia
  • White Energy Company Limited
  • Coalindo Energy - Indonesia
  • Indian School of Mines
  • IBC Asia (S) Pte Ltd
  • Shree Cement - India
  • SMG Consultants - Indonesia
  • Bhoruka Overseas - Indonesia
  • Asia Cement - Taiwan
  • Krishnapatnam Port Company Ltd. - India
  • Kobexindo Tractors - Indoneisa
  • bp singapore
  • Arch Coal - USA
  • KPMG - USA
  • Eastern Coal Council - USA
  • Coal and Oil Company - UAE
  • Kartika Selabumi Mining - Indonesia
  • Aboitiz Power Corporation - Philippines
  • Independent Power Producers Association of India
  • Inspectorate - India
  • MEC Coal - Indonesia
  • Kapuas Tunggal Persada - Indonesia
  • Global Business Power Corporation, Philippines
  • Merrill Lynch Bank
  • Gujarat Mineral Development Corp Ltd - India
  • ING Bank NV - Singapore
  • Cebu Energy, Philippines
  • Larsen & Toubro Limited - India
  • Billiton Holdings Pty Ltd - Australia
  • Baramulti Group, Indonesia
  • Surastha Cement
  • SMC Global Power, Philippines
  • Latin American Coal - Colombia
  • KPCL - India
  • PetroVietnam Power Coal Import and Supply Company
  • EMO - The Netherlands
  • Mjunction Services Limited - India
  • Lanco Infratech Ltd - India
  • Bank of China, Malaysia
  • Japan Coal Energy Center
  • Sojitz Corporation - Japan
  • Peabody Energy - USA
  • CESC Limited - India
  • Enel Italy
  • Orica Mining Services - Indonesia
  • Mechel - Russia
  • Deutsche Bank - India
  • CIMB Investment Bank - Malaysia
  • Bharathi Cement Corporation - India
  • Arutmin Indonesia
  • Vedanta Resources Plc - India
  • Renaissance Capital - South Africa
  • Oldendorff Carriers - Singapore
  • Bangladesh Power Developement Board
  • Sarangani Energy Corporation, Philippines
  • World Coal - UK
  • Bank of America
  • Therma Luzon, Inc, Philippines
  • London Commodity Brokers - England
  • Alfred C Toepfer International GmbH - Germany
  • Kohat Cement Company Ltd. - Pakistan
  • Ministry of Finance - Indonesia
  • Indogreen Group - Indonesia
  • NTPC Limited - India
  • PNOC Exploration Corporation - Philippines
  • Qatrana Cement - Jordan
  • Intertek Mineral Services - Indonesia
  • Rudhra Energy - India
  • Chamber of Mines of South Africa
  • PLN - Indonesia
  • Britmindo - Indonesia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Dalmia Cement Bharat India
  • Cardiff University - UK
  • Infraline Energy - India
  • Coastal Gujarat Power Limited - India
  • Runge Indonesia
  • SUEK AG - Indonesia
  • Lafarge - France
  • Tanito Harum - Indonesia
  • South Luzon Thermal Energy Corporation
  • UBS Singapore
  • Siam City Cement - Thailand
  • JPMorgan - India
  • Mercuria Energy - Indonesia
  • Star Paper Mills Limited - India
  • Sinarmas Energy and Mining - Indonesia
  • Xindia Steels Limited - India
  • Planning Commission, India
  • Petron Corporation, Philippines
  • Sical Logistics Limited - India
  • Vizag Seaport Private Limited - India
  • Global Coal Blending Company Limited - Australia
  • Geoservices-GeoAssay Lab
  • Mitsui
  • Thermax Limited - India
  • Ministry of Transport, Egypt
  • Barasentosa Lestari - Indonesia
  • EIA - United States
  • Commonwealth Bank - Australia
  • Indian Oil Corporation Limited
  • Mercator Lines Limited - India
  • Madhucon Powers Ltd - India
  • LBH Netherlands Bv - Netherlands
  • Power Finance Corporation Ltd., India
  • TGV SRAAC LIMITED, India
  • Minerals Council of Australia
  • Indonesia Power. PT
  • Metalloyd Limited - United Kingdom
  • Maybank - Singapore
  • IEA Clean Coal Centre - UK
  • Siam City Cement PLC, Thailand
  • Straits Asia Resources Limited - Singapore
  • Platts
  • Fearnleys - India
  • Total Coal South Africa
  • Cargill India Pvt Ltd
  • Parliament of New Zealand
  • Adaro Indonesia
  • Panama Canal Authority
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • GNFC Limited - India
  • Videocon Industries ltd - India
  • European Bulk Services B.V. - Netherlands
  • Bayan Resources Tbk. - Indonesia
  • Cigading International Bulk Terminal - Indonesia
  • Sree Jayajothi Cements Limited - India
  • McConnell Dowell - Australia
  • Semirara Mining Corp, Philippines
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Petrosea - Indonesia
  • GAC Shipping (India) Pvt Ltd
  • Karaikal Port Pvt Ltd - India
  • Gujarat Sidhee Cement - India
  • Leighton Contractors Pty Ltd - Australia
  • Riau Bara Harum - Indonesia
  • Trasteel International SA, Italy
  • Core Mineral Indonesia
  • ETA - Dubai
  • Altura Mining Limited, Indonesia
  • Asian Development Bank
  • Vijayanagar Sugar Pvt Ltd - India
  • New Zealand Coal & Carbon
  • VISA Power Limited - India
  • Bangkok Bank PCL
  • Banpu Public Company Limited - Thailand
  • The University of Queensland
  • SN Aboitiz Power Inc, Philippines
  • Thai Mozambique Logistica
  • Noble Europe Ltd - UK
  • Malco - India
  • McKinsey & Co - India
  • WorleyParsons
  • Mintek Dendrill Indonesia
  • Medco Energi Mining Internasional
  • Merrill Lynch Commodities Europe
  • Indika Energy - Indonesia
  • Port Waratah Coal Services - Australia
  • Africa Commodities Group - South Africa
  • PLN Batubara - Indonesia
  • AsiaOL BioFuels Corp., Philippines
  • PowerSource Philippines DevCo
  • Ince & co LLP
  • Global Green Power PLC Corporation, Philippines
  • Parry Sugars Refinery, India
  • TeaM Sual Corporation - Philippines
  • Iligan Light & Power Inc, Philippines
  • SASOL - South Africa
  • Uttam Galva Steels Limited - India
  • globalCOAL - UK
  • Tamil Nadu electricity Board
  • Jaiprakash Power Ventures ltd
  • UOB Asia (HK) Ltd
  • Electricity Authority, New Zealand
  • Indonesian Coal Mining Association
  • Timah Investasi Mineral - Indoneisa
  • Thomson Reuters GRC
  • Binh Thuan Hamico - Vietnam
  • Kalimantan Lumbung Energi - Indonesia
  • NALCO India
  • IMC Shipping - Singapore
  • CoalTek, United States
  • Borneo Indobara - Indonesia
  • Electricity Generating Authority of Thailand
  • Australian Commodity Traders Exchange
  • GB Group - China
  • Tata Power - India
  • TANGEDCO India
  • Makarim & Taira - Indonesia
  • Carbofer General Trading SA - India
  • Deloitte Consulting - India
  • Kideco Jaya Agung - Indonesia
  • Platou - Singapore
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Bulk Trading Sa - Switzerland
  • Maruti Cements - India
  • Posco Energy - South Korea
  • RBS Sempra - UK
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • ASAPP Information Group - India
  • Salva Resources Pvt Ltd - India
  • Rio Tinto Coal - Australia
  • GMR Energy Limited - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • Kobe Steel Ltd - Japan
  • Directorate Of Revenue Intelligence - India
  • Toyota Tsusho Corporation, Japan
  • Ernst & Young Pvt. Ltd.
  • Russian Coal LLC
  • Orica Australia Pty. Ltd.
  • Rashtriya Ispat Nigam Limited - India
  • Mitra SK Pvt Ltd - India
  • Attock Cement Pakistan Limited
  • IOL Indonesia
  • SGS (Thailand) Limited
  • Samtan Co., Ltd - South Korea
  • Samsung - South Korea
  • Interocean Group of Companies - India
  • World Bank
  • Standard Chartered Bank - UAE
  • Barclays Capital - USA
  • Sindya Power Generating Company Private Ltd
  • IHS Mccloskey Coal Group - USA
  • OCBC - Singapore
  • Maharashtra Electricity Regulatory Commission - India
  • Meralco Power Generation, Philippines
  • Holcim Trading Pte Ltd - Singapore
  • Petrochimia International Co. Ltd.- Taiwan
  • Ambuja Cements Ltd - India
  • BNP Paribas - Singapore
  • Kaltim Prima Coal - Indonesia
  • ANZ Bank - Australia
  • Neyveli Lignite Corporation Ltd, - India
  • Simpson Spence & Young - Indonesia
  • The Treasury - Australian Government
  • Bhushan Steel Limited - India
  • Antam Resourcindo - Indonesia
  • Grasim Industreis Ltd - India
  • PTC India Limited - India
  • Romanian Commodities Exchange
  • San Jose City I Power Corp, Philippines
  • Credit Suisse - India
  • Jindal Steel & Power Ltd - India
  • Jorong Barutama Greston.PT - Indonesia
  • Coeclerici Indonesia
  • Ind-Barath Power Infra Limited - India
  • HSBC - Hong Kong
  • Marubeni Corporation - India
  • Directorate General of MIneral and Coal - Indonesia
  • ICICI Bank Limited - India
  • Wood Mackenzie - Singapore
  • Indo Tambangraya Megah - Indonesia
  • Maheswari Brothers Coal Limited - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Permata Bank - Indonesia
  • TRAFIGURA, South Korea
  • Wilmar Investment Holdings
  • Cosco
  • Gupta Coal India Ltd
  • OPG Power Generation Pvt Ltd - India
  • SRK Consulting
  • Miang Besar Coal Terminal - Indonesia
  • JPower - Japan
  • International Coal Ventures Pvt Ltd - India
  • Coal India Limited
  • Karbindo Abesyapradhi - Indoneisa
  • Semirara Mining and Power Corporation, Philippines
  • Freeport Indonesia
  • GN Power Mariveles Coal Plant, Philippines
  • Savvy Resources Ltd - HongKong
  • Anglo American - United Kingdom
  • Malabar Cements Ltd - India
  • Kepco SPC Power Corporation, Philippines
  • Maersk Broker
  • India Bulls Power Limited - India
  • Clarksons - UK
  • Moodys - Singapore
  • Humpuss - Indonesia
  • Sakthi Sugars Limited - India
  • Coal Orbis AG
  • Ceylon Electricity Board - Sri Lanka
  • Essar Steel Hazira Ltd - India
  • BRS Brokers - Singapore
  • PetroVietnam
  • KEPCO - South Korea
  • Reliance Power - India