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

Thursday, 29 April 10
SOUTH AFRICAN ROUNDS BACK TO INDIA SUPRAS CAN ACHIEVE AROUND MID 20S
Handy Atlantic  markets  remain  firm.  Supramaxes  open  in  USG  are  now  achieving low/mid&n ...


Thursday, 29 April 10
KANGAROO RESOURCES INKS KEY COAL EXPORT CONTRACT WITH YUDEAN FARNON - PROACTIVE INVESTORS
Proactive Investors reprted that, Kangaroo Resources has secured an initial export sales contract for coal from the company’s operating coal p ...


Wednesday, 28 April 10
UNITED TRACTORS FOCUSES ON MINING AS IT SEEKS TO DIVERSIFY REVENUE SOURCES - JG
The Jakarta globe reported that, PT United Tractors, Indonesia’s biggest heavy-equipment distributor and mining contractor, aims to have its m ...


Wednesday, 28 April 10
DRY BULK MARKET
After a prolonged period of anticipation and a stalled dry bulk market in terms of freight rates, the industry’s benchmark, the Baltic Dry Ind ...


Tuesday, 27 April 10
CAPESIZES UP, PANAMAXES DOWN - BRS
It was Capesizes up, Panamaxes down this week as the latter experienced a correction after its recent gains. Period rates for Panamaxes remain firm ...


   1170 1171 1172 1173 1174   
Showing 5856 to 5860 news of total 6871
News by Category
Popular News
 
Total Members : 28,654
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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