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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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Tuesday, 22 December 09
CHINA CONTRACTED COAL PRICE FOR 2010 SEES SLIGHT INCREASE
A number of coal and power enterprises have concluded their annual power-coal supply contracts for 2010, and the contracted coal price saw slight in ...
Tuesday, 22 December 09
NEWCASTLE COAL SHIP QUEUE LONGEST IN TWO YEARS AS EXPORTS SLOW
Bloomberg reported that, the queue of coal ships waiting at Australia’s Newcastle port, the world’s biggest export harbor for the fuel, ...
Monday, 21 December 09
INDONESIA HAS EXPORTED AROUND 195.303 MILLION TONS OF COAL TILL END OF NOVEMBER 2009
COALspot.com (Indonesia): China has been the largest single buyer of Indonesian coal in November 2009, by taking 28.69% of total exported quan ...
Monday, 21 December 09
RUSSIAN COAL MINER SUEK EYES '10 LONDON IPO
* Company valued at around $8-$9 bln - banking source
* IPO could take place in H1 - source
* May list 25 pct of share capital - report
Reuters ...
Monday, 21 December 09
IGCC OUTLOOK CHINA 2010 TO BE HELD IN APRIL 2010 IN SHANGHAI
COALspot.com (China): Press Release - Aiming at unveiling the growth area of IGCC polygeneration, IGCC Outlook China 2010 is planned to be hel ...
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- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- Kideco Jaya Agung - Indonesia
- Attock Cement Pakistan Limited
- CIMB Investment Bank - Malaysia
- Dalmia Cement Bharat India
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- VISA Power Limited - India
- Commonwealth Bank - Australia
- Therma Luzon, Inc, Philippines
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- Ind-Barath Power Infra Limited - India
- Bhushan Steel Limited - India
- Manunggal Multi Energi - Indonesia
- Mjunction Services Limited - India
- PTC India Limited - India
- Medco Energi Mining Internasional
- Orica Mining Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Riau Bara Harum - Indonesia
- Indian Oil Corporation Limited
- GVK Power & Infra Limited - India
- Jindal Steel & Power Ltd - India
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- Borneo Indobara - Indonesia
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Romanian Commodities Exchange
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- Karaikal Port Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- MS Steel International - UAE
- ICICI Bank Limited - India
- Semirara Mining Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- The State Trading Corporation of India Ltd
- San Jose City I Power Corp, Philippines
- Independent Power Producers Association of India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Heidelberg Cement - Germany
- Marubeni Corporation - India
- Energy Link Ltd, New Zealand
- Planning Commission, India
- Mintek Dendrill Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- Power Finance Corporation Ltd., India
- Salva Resources Pvt Ltd - India
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Timah Investasi Mineral - Indoneisa
- Anglo American - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Agrawal Coal Company - India
- Mercator Lines Limited - India
- Australian Coal Association
- Toyota Tsusho Corporation, Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- Bangladesh Power Developement Board
- Billiton Holdings Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Sojitz Corporation - Japan
- Holcim Trading Pte Ltd - Singapore
- Bharathi Cement Corporation - India
- Savvy Resources Ltd - HongKong
- Cement Manufacturers Association - India
- White Energy Company Limited
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- Formosa Plastics Group - Taiwan
- PNOC Exploration Corporation - Philippines
- Indonesian Coal Mining Association
- GN Power Mariveles Coal Plant, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- Indika Energy - Indonesia
- Gujarat Sidhee Cement - India
- Siam City Cement PLC, Thailand
- Bulk Trading Sa - Switzerland
- Videocon Industries ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- SMC Global Power, Philippines
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Essar Steel Hazira Ltd - India
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- Star Paper Mills Limited - India
- European Bulk Services B.V. - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Kaltim Prima Coal - Indonesia
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
- GMR Energy Limited - India
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Kohat Cement Company Ltd. - Pakistan
- Sarangani Energy Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- Indian Energy Exchange, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- Rashtriya Ispat Nigam Limited - India
- Globalindo Alam Lestari - Indonesia
- Metalloyd Limited - United Kingdom
- Jorong Barutama Greston.PT - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Georgia Ports Authority, United States
- Kartika Selabumi Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- Thai Mozambique Logistica
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- Banpu Public Company Limited - Thailand
- Ambuja Cements Ltd - India
- Bukit Baiduri Energy - Indonesia
- Kumho Petrochemical, South Korea
- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Merrill Lynch Commodities Europe
- Ceylon Electricity Board - Sri Lanka
- Malabar Cements Ltd - India
- Deloitte Consulting - India
- Kalimantan Lumbung Energi - Indonesia
- Lanco Infratech Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- Binh Thuan Hamico - Vietnam
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- Sinarmas Energy and Mining - Indonesia
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- Xindia Steels Limited - India
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- Edison Trading Spa - Italy
- McConnell Dowell - Australia
- Petron Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- OPG Power Generation Pvt Ltd - India
- The Treasury - Australian Government
- Ministry of Finance - Indonesia
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- Singapore Mercantile Exchange
- Economic Council, Georgia
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- Central Java Power - Indonesia
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- Port Waratah Coal Services - Australia
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
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