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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 $1.3 billion initial public offering last year, analysts had said.
Goldman Sachs, with a 9.94 percent stake in Adaro, is coordinating the sale of the shares, one source with direct knowledge of the matter said two weeks ago.
Goldman Sachs was adviser to San Miguel in the Manila-based conglomerate's ambitious diversification plan, which resulted in San Miguel's purchase of 27 percent of utility Manila Electric Co last year, a planned telecommunications venture, and a pending purchase of majority of oil refiner Petron Corp.
San Miguel is diversifying away from its traditional food and beverage business to fuel future growth.
Analysts said investors may want to sell out of Adaro given the uncertainty over coal prices amid an economic downturn.
Source: http://in.reuters.com/article/innovationNews/idINTRE53S47R20090429?sp=true
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Wednesday, 21 July 10
CHARTER RATES FOR BIG SHIPS GO INTO FREEFALL
It is reported that concerns over the slowdown in the mainland construction sector posturing over ore price negotiations and a general summer slowdo ...
Wednesday, 21 July 10
FEWER SHIPS SOLD FOR SCRAP IN JUNE, ADDING PRESSURE TO FREIGHT RATES
The easing of vessel tonnage supply should be among the main concerns among ship owners, especially those active in dry bulk shipping. The reason is ...
Wednesday, 21 July 10
BUKIT ASAM SEALS RP900 BIO COAL DEAL
Souce: Insider Stories
Insider Stories reported that, State-Owned coal producer PT Tambang Batubara Bukit Asam Tbk (PTBA) have agreed t ...
Wednesday, 21 July 10
TUAH TURANGGA BUYS ABP US$ 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 ...
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- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- Indian Energy Exchange, India
- Bhatia International Limited - India
- Aditya Birla Group - 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
- Edison Trading Spa - Italy
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Singapore Mercantile Exchange
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Georgia Ports Authority, United States
- Manunggal Multi Energi - Indonesia
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Tata Chemicals Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kumho Petrochemical, South Korea
- Gujarat Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- White Energy Company Limited
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Bhoruka Overseas - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- Coal and Oil Company - UAE
- Kartika Selabumi Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- Kapuas Tunggal Persada - Indonesia
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Billiton Holdings Pty Ltd - Australia
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- PetroVietnam Power Coal Import and Supply Company
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- Sojitz Corporation - Japan
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Bharathi Cement Corporation - India
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- Oldendorff Carriers - Singapore
- Bangladesh Power Developement Board
- Sarangani Energy Corporation, Philippines
- 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
- PNOC Exploration Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dalmia Cement Bharat India
- Coastal Gujarat Power Limited - India
- South Luzon Thermal Energy Corporation
- Siam City Cement - Thailand
- 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
- Ministry of Transport, Egypt
- Barasentosa Lestari - Indonesia
- Commonwealth Bank - Australia
- Indian Oil Corporation Limited
- Mercator Lines Limited - India
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- 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
- 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
- Altura Mining Limited, Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- New Zealand Coal & Carbon
- VISA Power Limited - India
- Banpu Public Company Limited - Thailand
- The University of Queensland
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- Merrill Lynch Commodities Europe
- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- Global Green Power PLC Corporation, Philippines
- Parry Sugars Refinery, India
- TeaM Sual Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- Australian Commodity Traders Exchange
- Makarim & Taira - Indonesia
- Carbofer General Trading SA - India
- Deloitte Consulting - India
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- 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
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Attock Cement Pakistan Limited
- Samtan Co., Ltd - South Korea
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- Sindya Power Generating Company Private Ltd
- IHS Mccloskey Coal Group - USA
- Maharashtra Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Ambuja Cements Ltd - India
- Kaltim Prima Coal - Indonesia
- 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
- Jindal Steel & Power Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- 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
- Wilmar Investment Holdings
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Savvy Resources Ltd - HongKong
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
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