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

Wednesday, 27 January 10
ASIA'S 2010 STEAM COAL IMPORTS TO REACH 460 MLN T
* China to import up to 100 mln T of steam coal in 2010 * China, India seen investing in southern Africa assets Asian imports of steam coal will ...


Wednesday, 27 January 10
PEABODY ENERGY EYES 'RED HOT' ASIAN COAL DEMAND
US miner Peabody Energy has seen already-strong Asian markets become “red hot”, as demand for metallurgical and thermal coal strains sup ...


Wednesday, 27 January 10
KOLKOTTA BASED POWER UTILITY CESC LOOKING FOR 100,000 MT OF COAL FOR MAY & JUNE DELIVERY
COALspot.com (India): Kolkotta based power utility CESC, the flagship company of the diversified RPG group of India, has issued a closed tender to b ...


Tuesday, 26 January 10
FREIGHT COST ERODES INDIA CEMENTS NET
"Freight cost increased from an average of around 14% of sales in the previous quarters to around 20% in the third quarter" The Decembe ...


Tuesday, 26 January 10
VITOL BUYS EXPORT SPACE AT COLOMBIA SANTA MARTA PORT
Global energy trader Vitol has signed a four-year deal to take export capacity at Colombia's 3 million tonnes a year Carbonsan port in Santa Marta, ...


   1209 1210 1211 1212 1213   
Showing 6051 to 6055 news of total 6871
News by Category
Popular News
 
Total Members : 28,635
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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