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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 $1.3 billion initial public offering last year, analysts had said.
Goldman Sachs, with a 9.94 percent stake in Adaro, is coordinating the sale of the shares, one source with direct knowledge of the matter said two weeks ago.
Goldman Sachs was adviser to San Miguel in the Manila-based conglomerate's ambitious diversification plan, which resulted in San Miguel's purchase of 27 percent of utility Manila Electric Co last year, a planned telecommunications venture, and a pending purchase of majority of oil refiner Petron Corp.
San Miguel is diversifying away from its traditional food and beverage business to fuel future growth.
Analysts said investors may want to sell out of Adaro given the uncertainty over coal prices amid an economic downturn.
Source: http://in.reuters.com/article/innovationNews/idINTRE53S47R20090429?sp=true
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Monday, 08 March 10
CHINA SHIPPING TO CARRY MORE COAL FOR SHENHUA
Hellenic Shipping News reported that, China Shipping (Group) Company will expect to ship 40 million tons of coal for Shenhua Group in 2010, Li Shaod ...
Sunday, 07 March 10
SHIPS WERE FIXED AT AROUND US$ 16,000 PER DAY FOR TRIP VIA INDONESIA TO INDIA - CAPT. REDDY
COALspot.com: The freight market was quite buoyant this week and BDI was up by 18 pct . The Cape index up by 23.60 pct and Panamax index was up by 1 ...
Saturday, 06 March 10
ESSAR TO BUY US COAL FIRM FOR $550-600 MN
Business-Standard reported that, the Essar Group is close to buying Trinity Coal, one of the top 10 coal producers in the US, in a deal worth $550-6 ...
Friday, 05 March 10
KARNATAKA POWER SEEKS 900,000 TONS STEAMING COAL OVER 9 MONTHS
Bloomberg reported that, Karnataka Power Corp., an Indian electricity generator, is seeking to import 900,000 metric tons of steaming coal over nine ...
Friday, 05 March 10
COAL RALLY ON CHINESE DEMAND SPARKS $59 ESTIMATES
Bloomberg reportd that, A rally that has boosted coal prices 21 percent from their lows last year may have further to go as the coldest U.S. winter ...
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- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- Australian Commodity Traders Exchange
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Interocean Group of Companies - India
- Xindia Steels Limited - India
- Videocon Industries ltd - India
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- Eastern Energy - Thailand
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- GAC Shipping (India) Pvt Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Larsen & Toubro Limited - India
- Marubeni Corporation - India
- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Mercator Lines Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Georgia Ports Authority, United States
- White Energy Company Limited
- Bhoruka Overseas - Indonesia
- Agrawal Coal Company - India
- Vijayanagar Sugar Pvt Ltd - India
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Carbofer General Trading SA - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ceylon Electricity Board - Sri Lanka
- SMC Global Power, Philippines
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- LBH Netherlands Bv - Netherlands
- London Commodity Brokers - England
- Binh Thuan Hamico - Vietnam
- Anglo American - United Kingdom
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vedanta Resources Plc - India
- Altura Mining Limited, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sakthi Sugars Limited - India
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- Planning Commission, India
- Parliament of New Zealand
- Electricity Generating Authority of Thailand
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- Indian Oil Corporation Limited
- GVK Power & Infra Limited - India
- India Bulls Power Limited - India
- VISA Power Limited - India
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Sarangani Energy Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Mintek Dendrill Indonesia
- Bharathi Cement Corporation - India
- New Zealand Coal & Carbon
- Maharashtra Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercuria Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Posco Energy - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- Global Green Power PLC Corporation, Philippines
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- Meenaskhi Energy Private Limited - India
- Port Waratah Coal Services - Australia
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- Latin American Coal - Colombia
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Coal and Oil Company - UAE
- Singapore Mercantile Exchange
- OPG Power Generation Pvt Ltd - India
- The Treasury - Australian Government
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Toyota Tsusho Corporation, Japan
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Central Electricity Authority - India
- Bayan Resources Tbk. - Indonesia
- Kaltim Prima Coal - Indonesia
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Bhatia International Limited - India
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Aboitiz Power Corporation - Philippines
- Deloitte Consulting - India
- Iligan Light & Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- Coastal Gujarat Power Limited - India
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- Leighton Contractors Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Krishnapatnam Port Company Ltd. - India
- McConnell Dowell - Australia
- Banpu Public Company Limited - Thailand
- Siam City Cement - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Antam Resourcindo - Indonesia
- ASAPP Information Group - India
- Maheswari Brothers Coal Limited - India
- South Luzon Thermal Energy Corporation
- ICICI Bank Limited - India
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Ministry of Transport, Egypt
- Energy Link Ltd, New Zealand
- Sree Jayajothi Cements Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- TeaM Sual Corporation - Philippines
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Meralco Power Generation, Philippines
- Bhushan Steel Limited - India
- Baramulti Group, Indonesia
- Riau Bara Harum - Indonesia
- Tamil Nadu electricity Board
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- Heidelberg Cement - Germany
- Australian Coal Association
- Pendopo Energi Batubara - Indonesia
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