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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, 03 February 10
INDONESIA BUKIT ASAM SEES DOUBLE DIGIT 2010 REV GROWTH
* 2009 net profit rose an estimated 50 pct
* Sees opportunities for overseas acquisitions
Indonesian state-owned coal miner Bukit Asam saw 2009 ...
Wednesday, 03 February 10
RECOVERY IN INDONESIAN MINING SECTOR EXPECTED TO BOOST SALES, UNITED TRACTORS SAYS
PT United Tractors, the country’s biggest supplier of heavy equipment, said on Tuesday that it expected sales to increase 15 percent this year ...
Tuesday, 02 February 10
THAI BANPU SAYS HIGHER COSTS TO HIT COAL PROFITS
Thailand's top coal miner, expects profits from its coal business in 2010 to be lower than last year due to higher costs, but its chief executive i ...
Monday, 01 February 10
CIL PLANS TO INVEST IN OVERSEAS COAL MINES
Over the next 10 years, CIL expects to import from these mines at least 500 million tonnes of thermal coal, a variety used by power plants
The bo ...
Sunday, 31 January 10
AUSTRALIA NEWCASTLE THERMAL COAL FALLS 0.7 PERCENT TO $ 98.53
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 0.7 percent, falling for the first time in four weeks. ...
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Showing 6036 to 6040 news of total 6871 |
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- Coalindo Energy - Indonesia
- CNBM International Corporation - China
- Offshore Bulk Terminal Pte Ltd, Singapore
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- Attock Cement Pakistan Limited
- Medco Energi Mining Internasional
- Goldman Sachs - Singapore
- Heidelberg Cement - Germany
- GN Power Mariveles Coal Plant, Philippines
- Jaiprakash Power Ventures ltd
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- Therma Luzon, Inc, Philippines
- South Luzon Thermal Energy Corporation
- Sinarmas Energy and Mining - Indonesia
- Latin American Coal - Colombia
- Globalindo Alam Lestari - Indonesia
- Indonesian Coal Mining Association
- Asmin Koalindo Tuhup - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- Videocon Industries ltd - India
- International Coal Ventures Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Mercator Lines Limited - India
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- Economic Council, Georgia
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- GMR Energy Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Krishnapatnam Port Company Ltd. - India
- Sarangani Energy Corporation, Philippines
- Lanco Infratech Ltd - India
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- Kalimantan Lumbung Energi - Indonesia
- Manunggal Multi Energi - Indonesia
- Rio Tinto Coal - Australia
- Vizag Seaport Private Limited - India
- Gujarat Sidhee Cement - India
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Indian Oil Corporation Limited
- The Treasury - Australian Government
- Bayan Resources Tbk. - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Renaissance Capital - South Africa
- Planning Commission, India
- Leighton Contractors Pty Ltd - Australia
- PTC India Limited - India
- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Deloitte Consulting - India
- European Bulk Services B.V. - Netherlands
- Intertek Mineral Services - Indonesia
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Orica Mining Services - Indonesia
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- Kapuas Tunggal Persada - Indonesia
- Timah Investasi Mineral - Indoneisa
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- Uttam Galva Steels Limited - India
- Agrawal Coal Company - India
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- OPG Power Generation Pvt Ltd - India
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Barasentosa Lestari - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Mintek Dendrill Indonesia
- The University of Queensland
- White Energy Company Limited
- Cement Manufacturers Association - India
- Wood Mackenzie - Singapore
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- McConnell Dowell - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
- Xindia Steels Limited - India
- Eastern Energy - Thailand
- Dalmia Cement Bharat India
- Bhushan Steel Limited - India
- Marubeni Corporation - India
- Kumho Petrochemical, South Korea
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- Minerals Council of Australia
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- Antam Resourcindo - Indonesia
- PowerSource Philippines DevCo
- Malabar Cements Ltd - India
- IEA Clean Coal Centre - UK
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- ASAPP Information Group - India
- MS Steel International - UAE
- Chamber of Mines of South Africa
- Meenaskhi Energy Private Limited - India
- Central Java Power - Indonesia
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Sindya Power Generating Company Private Ltd
- Directorate General of MIneral and Coal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- Indika Energy - Indonesia
- Mercuria Energy - Indonesia
- Coastal Gujarat Power Limited - India
- Maheswari Brothers Coal Limited - India
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Bangladesh Power Developement Board
- Sree Jayajothi Cements Limited - India
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Ceylon Electricity Board - Sri Lanka
- Riau Bara Harum - Indonesia
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- Vedanta Resources Plc - India
- India Bulls Power Limited - India
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- PNOC Exploration Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- Carbofer General Trading SA - India
- Simpson Spence & Young - Indonesia
- Formosa Plastics Group - Taiwan
- Australian Coal Association
- Ministry of Mines - Canada
- Toyota Tsusho Corporation, Japan
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
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