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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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Saturday, 09 January 10
THE FAR EAST MARKET STARTED TO STABILIZE - FEARNLEYS
Handy
The FEAST market started to stabilize after the quite holidays and we saw growing activity fed by Chinese coal and iron ore imports and Indi ...
Saturday, 09 January 10
IMPORTED, LOCAL COAL TO BE MIXED IN POWER DRIVE
The government is likely to create a pool price of coal, wherein imported coal and Indian coal could be mixed, making the imported coal becomes more ...
Friday, 08 January 10
SA COAL PRICES TO SPIKE ON RESUMED INDIA BUYING
South African coal prices are set for another price surge to over $100 a ton FOB as Indian and Chinese buyers compete for limited prompt supply, pro ...
Friday, 08 January 10
COLOMBIAN COAL STARTS TO MOVE TO CHINA - TRADERS
* Producer sells cape cargo Colombian coal to China
* Firm bids in freight market
* More shipments expected
Colombian coal is starting to move ...
Thursday, 07 January 10
PT. BUKIT ASAM TO BUILD NEW COAL LOADING TERMINAL AND COAL LOADER
COALspot.com (Indonesia): PT Bukit Asam (Persero) Tbk, Indonesia’s state owned coal mining company, is planning to build an additi ...
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- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Gujarat Mineral Development Corp Ltd - India
- Aditya Birla Group - India
- Meralco Power Generation, Philippines
- Jaiprakash Power Ventures ltd
- Medco Energi Mining Internasional
- Wilmar Investment Holdings
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- Marubeni Corporation - India
- Siam City Cement PLC, Thailand
- IEA Clean Coal Centre - UK
- Bayan Resources Tbk. - Indonesia
- Mjunction Services Limited - India
- Port Waratah Coal Services - Australia
- Ambuja Cements Ltd - India
- Oldendorff Carriers - Singapore
- Antam Resourcindo - Indonesia
- New Zealand Coal & Carbon
- Indika Energy - Indonesia
- Mercuria Energy - Indonesia
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- Singapore Mercantile Exchange
- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
- Sarangani Energy Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Parliament of New Zealand
- Kideco Jaya Agung - Indonesia
- Sical Logistics Limited - India
- Merrill Lynch Commodities Europe
- Eastern Coal Council - USA
- Riau Bara Harum - Indonesia
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- OPG Power Generation Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- TeaM Sual Corporation - Philippines
- Coalindo Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- GVK Power & Infra Limited - India
- Bukit Makmur.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- South Luzon Thermal Energy Corporation
- Madhucon Powers Ltd - India
- International Coal Ventures Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Iligan Light & Power Inc, Philippines
- McConnell Dowell - Australia
- Lanco Infratech Ltd - India
- Intertek Mineral Services - Indonesia
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- Posco Energy - South Korea
- PowerSource Philippines DevCo
- Agrawal Coal Company - India
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- IHS Mccloskey Coal Group - USA
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Deloitte Consulting - India
- AsiaOL BioFuels Corp., Philippines
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- PTC India Limited - India
- Videocon Industries ltd - India
- Thai Mozambique Logistica
- Mercator Lines Limited - India
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Cement Manufacturers Association - India
- GMR Energy Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
- Rio Tinto Coal - Australia
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Krishnapatnam Port Company Ltd. - India
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- Leighton Contractors Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- VISA Power Limited - India
- Wood Mackenzie - Singapore
- Carbofer General Trading SA - India
- Indian Oil Corporation Limited
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- Bhatia International Limited - India
- Trasteel International SA, Italy
- Interocean Group of Companies - India
- Kepco SPC Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Kobexindo Tractors - Indoneisa
- Banpu Public Company Limited - Thailand
- Borneo Indobara - Indonesia
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Global Business Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Bhushan Steel Limited - India
- Heidelberg Cement - Germany
- Tamil Nadu electricity Board
- Sinarmas Energy and Mining - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Jindal Steel & Power Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- Coastal Gujarat Power Limited - India
- Cigading International Bulk Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
- Xindia Steels Limited - India
- GAC Shipping (India) Pvt Ltd
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- The University of Queensland
- Aboitiz Power Corporation - Philippines
- Dalmia Cement Bharat India
- ASAPP Information Group - India
- Petron Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Australian Coal Association
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- Mintek Dendrill Indonesia
- Central Electricity Authority - India
- Binh Thuan Hamico - Vietnam
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Mining Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- Indonesian Coal Mining Association
- Samtan Co., Ltd - South Korea
- Asmin Koalindo Tuhup - Indonesia
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