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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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Thursday, 04 February 10
INDIA`S APPETITE FOR COAL EXPECTED TO RISE SHARPLY
Coal powers more than half of India's electricity plants and demand for the commodity is expected to rise sharply as the third-largest Asian econom ...
Thursday, 04 February 10
COAL PRODUCTION EXPECTED TO REACH 280 MILLION METRIC TONS - INDONESIA UPDATE
Indonesia`s coal production target for 2010 has been set at 275 million to 280 million metric tons, according to the Association of Indonesian Coal ...
Thursday, 04 February 10
MASSEY CEO 'NOT EXCITED' ABOUT PROSPECT OF QUARTERLY COAL PRICING
US coal producer Massey Energy is not in favour of switching to a quarterly pricing schedule for metallurgical coal, from the current annual price b ...
Thursday, 04 February 10
BUKIT ASAM GOES SHOPPING FOR MORE COAL MINES
State-owned coal miner PT Tambang Batubara Bukit Asam has set aside Rp 1.5 trillion ($162 million) to acquire two coal mines in East Kalimantan, pre ...
Thursday, 04 February 10
PTT EYES OVERSEAS COAL
Revenue could reachUS$600 million a year
PTT Plc, Thailand's largest energy company, aims to raise the annual revenue from its overseas coal bus ...
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Showing 6026 to 6030 news of total 6871 |
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- Ind-Barath Power Infra Limited - India
- Deloitte Consulting - India
- Bahari Cakrawala Sebuku - Indonesia
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- Kideco Jaya Agung - Indonesia
- Maheswari Brothers Coal Limited - India
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Savvy Resources Ltd - HongKong
- Jaiprakash Power Ventures ltd
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Ministry of Mines - Canada
- Krishnapatnam Port Company Ltd. - India
- LBH Netherlands Bv - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Central Java Power - Indonesia
- European Bulk Services B.V. - Netherlands
- Bukit Makmur.PT - Indonesia
- Coal and Oil Company - UAE
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Bhushan Steel Limited - India
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- Electricity Authority, New Zealand
- Semirara Mining Corp, Philippines
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- Medco Energi Mining Internasional
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Global Business Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Interocean Group of Companies - India
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- Agrawal Coal Company - India
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- Grasim Industreis Ltd - India
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Kohat Cement Company Ltd. - Pakistan
- Chamber of Mines of South Africa
- Australian Coal Association
- Posco Energy - South Korea
- Indika Energy - Indonesia
- Makarim & Taira - Indonesia
- Antam Resourcindo - Indonesia
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Romanian Commodities Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Baiduri Energy - Indonesia
- PTC India Limited - India
- ASAPP Information Group - India
- Karbindo Abesyapradhi - Indoneisa
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- Singapore Mercantile Exchange
- Directorate General of MIneral and Coal - Indonesia
- The State Trading Corporation of India Ltd
- Malabar Cements Ltd - India
- Metalloyd Limited - United Kingdom
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- Kapuas Tunggal Persada - Indonesia
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
- Samtan Co., Ltd - South Korea
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Wood Mackenzie - Singapore
- Gujarat Sidhee Cement - India
- Miang Besar Coal Terminal - Indonesia
- ICICI Bank Limited - India
- Carbofer General Trading SA - India
- Ambuja Cements Ltd - India
- GAC Shipping (India) Pvt Ltd
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- Madhucon Powers Ltd - India
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
- OPG Power Generation Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Thiess Contractors Indonesia
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- Tamil Nadu electricity Board
- Mercuria Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Timah Investasi Mineral - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Merrill Lynch Commodities Europe
- Essar Steel Hazira Ltd - India
- Xindia Steels Limited - India
- Parry Sugars Refinery, India
- Economic Council, Georgia
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- New Zealand Coal & Carbon
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- Ceylon Electricity Board - Sri Lanka
- Straits Asia Resources Limited - Singapore
- Price Waterhouse Coopers - Russia
- Kalimantan Lumbung Energi - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Port Waratah Coal Services - Australia
- SN Aboitiz Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Georgia Ports Authority, United States
- Indo Tambangraya Megah - Indonesia
- Australian Commodity Traders Exchange
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- SMC Global Power, Philippines
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Marubeni Corporation - India
- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Standard Chartered Bank - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The University of Queensland
- Sojitz Corporation - Japan
- GN Power Mariveles Coal Plant, Philippines
- Eastern Coal Council - USA
- Gujarat Mineral Development Corp Ltd - India
- PowerSource Philippines DevCo
- Bhatia International Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- Siam City Cement - Thailand
- Wilmar Investment Holdings
- Commonwealth Bank - Australia
- Bayan Resources Tbk. - Indonesia
- Indogreen Group - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Attock Cement Pakistan Limited
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- PNOC Exploration Corporation - Philippines
- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
- Sree Jayajothi Cements Limited - India
- Alfred C Toepfer International GmbH - Germany
- Kobexindo Tractors - Indoneisa
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- GVK Power & Infra Limited - India
- Anglo American - United Kingdom
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
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