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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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Sunday, 20 June 10
OUR COAL: ITS DEVELOPMENT AND CONTROVERSIAL ISSUES
Indonesia’s production of coal has been growing amazingly. In the mid 1980s, national coal production was less than 1 million tons per annum, ...
Saturday, 19 June 10
STRONG DEMAND, RISING PRODUCTION SETTING SCENE FOR COAL BONANZA - THE JAKARTA GLOBE
The Jakarta globe rerported that, As the nation’s coal miners enjoy burgeoning demand from energy-hungry economies such as China and India, th ...
Saturday, 19 June 10
DRY BULK MARKET DOWN ON CHINESE SLOWDOWN FEARS
Dry bulk freight rates have been on a freefall for more than two weeks now, something which has caused the industry’s benchmark, the Baltic Dr ...
Saturday, 19 June 10
COAL INDIA KEEN ON BLOCK DEVELOPMENT IN INDONESIA - THE HINDU BUSINESS LINE
Expanding horizon
Agreement by the Indonesian Government is likely to help CIL gain foothold in India's largest sourcing point of thermal coal.
...
Friday, 18 June 10
THE PANAMAX MARKET CONTINUED ITS SOFTENING TREND - FEARNBULK
Handy
Flat Atlantic markets with most markets in ´slow mode´ due to holidays in China.
Supramax vessels open in the USG are achievi ...
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- India Bulls Power Limited - India
- Meralco Power Generation, Philippines
- White Energy Company Limited
- Bharathi Cement Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Eastern Energy - Thailand
- Indian Energy Exchange, India
- Maharashtra Electricity Regulatory Commission - India
- Parry Sugars Refinery, India
- VISA Power Limited - India
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- IEA Clean Coal Centre - UK
- Bhatia International Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Mjunction Services Limited - India
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
- Aditya Birla Group - India
- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- Intertek Mineral Services - Indonesia
- Indika Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- CIMB Investment Bank - Malaysia
- Altura Mining Limited, Indonesia
- Siam City Cement PLC, Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Trasteel International SA, Italy
- Merrill Lynch Commodities Europe
- Kobexindo Tractors - Indoneisa
- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
- Semirara Mining Corp, Philippines
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- Directorate Of Revenue Intelligence - India
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Renaissance Capital - South Africa
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- Global Green Power PLC Corporation, Philippines
- Australian Coal Association
- Wilmar Investment Holdings
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Carbofer General Trading SA - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Latin American Coal - Colombia
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
- SN Aboitiz Power Inc, Philippines
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- Oldendorff Carriers - Singapore
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Therma Luzon, Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Orica Mining Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- Chamber of Mines of South Africa
- Jaiprakash Power Ventures ltd
- Cement Manufacturers Association - India
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- Semirara Mining and Power Corporation, Philippines
- Singapore Mercantile Exchange
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
- Dalmia Cement Bharat India
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- CNBM International Corporation - China
- Rashtriya Ispat Nigam Limited - India
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Toyota Tsusho Corporation, Japan
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Marubeni Corporation - India
- Attock Cement Pakistan Limited
- Straits Asia Resources Limited - Singapore
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Interocean Group of Companies - India
- SMC Global Power, Philippines
- Aboitiz Power Corporation - Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Makarim & Taira - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Grasim Industreis Ltd - India
- Karaikal Port Pvt Ltd - India
- Xindia Steels Limited - India
- IHS Mccloskey Coal Group - USA
- Uttam Galva Steels Limited - India
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Global Coal Blending Company Limited - Australia
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- Sree Jayajothi Cements Limited - India
- Krishnapatnam Port Company Ltd. - India
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- Electricity Authority, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- Ministry of Mines - Canada
- Salva Resources Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sojitz Corporation - Japan
- Global Business Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- The Treasury - Australian Government
- European Bulk Services B.V. - Netherlands
- Mercuria Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- South Luzon Thermal Energy Corporation
- Sindya Power Generating Company Private Ltd
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- Rio Tinto Coal - Australia
- Minerals Council of Australia
- Economic Council, Georgia
- Vedanta Resources Plc - India
- Malabar Cements Ltd - India
- Parliament of New Zealand
- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- Gujarat Sidhee Cement - India
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- Kartika Selabumi Mining - Indonesia
- Medco Energi Mining Internasional
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- Sinarmas Energy and Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Ministry of Finance - Indonesia
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