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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 $1.3 billion initial public offering last year, analysts had said.
Goldman Sachs, with a 9.94 percent stake in Adaro, is coordinating the sale of the shares, one source with direct knowledge of the matter said two weeks ago.
Goldman Sachs was adviser to San Miguel in the Manila-based conglomerate's ambitious diversification plan, which resulted in San Miguel's purchase of 27 percent of utility Manila Electric Co last year, a planned telecommunications venture, and a pending purchase of majority of oil refiner Petron Corp.
San Miguel is diversifying away from its traditional food and beverage business to fuel future growth.
Analysts said investors may want to sell out of Adaro given the uncertainty over coal prices amid an economic downturn.
Source: http://in.reuters.com/article/innovationNews/idINTRE53S47R20090429?sp=true
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Sunday, 20 December 09
GLOBAL COAL MAJORS MAKE THEIR PRESENTATIONS
Major energy companies from four countries, including the U.S., Indonesia and South Africa, have completed detailed presentations before a committee ...
Saturday, 19 December 09
THE FUTURES FOR 2010 - 2012 FIRMED UP COMPARED TO LAST WEEK AND WAS AT AROUND CAPE US$ 28,000 PER DAY - VISTAAR
COALspot.com (Singapore): The freight market continued to soften this week with major drop in the cape size index by almost 21 pct and Panamax , Sup ...
Friday, 18 December 09
CARGOTEC WINS IBJ'S BEST SHIP LOADING / UNLOADING SYSTEM AWARD WITH SIWERTELL
Cargotec’s Siwertell ship unloader has recently won International Bulk Journal’s best ship loading/unloading system award for 2009; out ...
Friday, 18 December 09
THERMAL COAL PROJECT MOVES AHEAD
A proposal for Australia's largest thermal coal project in Queensland's central west has taken a step forward.
Hancock Prospecting is proposing ...
Friday, 18 December 09
CHURCHILL MINING COMPLETES FEASIBILITY STUDY FOR EAST KUTAI COAL PROJECT
Churchill Mining Plc has announced the completion of the feasibility study for its flagship project, the 75% held East Kutai coal project in Indones ...
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- PNOC Exploration Corporation - Philippines
- Deloitte Consulting - India
- Bhatia International Limited - India
- Kartika Selabumi Mining - Indonesia
- Coastal Gujarat Power Limited - India
- Jindal Steel & Power Ltd - India
- Independent Power Producers Association of India
- European Bulk Services B.V. - Netherlands
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- Indonesian Coal Mining Association
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Mintek Dendrill Indonesia
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Edison Trading Spa - Italy
- GVK Power & Infra Limited - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- Bharathi Cement Corporation - India
- Leighton Contractors Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Wood Mackenzie - Singapore
- Mercuria Energy - Indonesia
- Semirara Mining Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- The Treasury - Australian Government
- Australian Coal Association
- Siam City Cement - Thailand
- Dalmia Cement Bharat India
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- Ministry of Transport, Egypt
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Uttam Galva Steels Limited - India
- ICICI Bank Limited - India
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- The University of Queensland
- Indian Energy Exchange, India
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Bhushan Steel Limited - India
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- International Coal Ventures Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Holcim Trading Pte Ltd - Singapore
- Timah Investasi Mineral - Indoneisa
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Gujarat Sidhee Cement - India
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- ASAPP Information Group - India
- AsiaOL BioFuels Corp., Philippines
- Central Java Power - Indonesia
- Price Waterhouse Coopers - Russia
- Iligan Light & Power Inc, Philippines
- Central Electricity Authority - India
- Ministry of Mines - Canada
- Samtan Co., Ltd - South Korea
- Coal and Oil Company - UAE
- LBH Netherlands Bv - Netherlands
- Electricity Authority, New Zealand
- Indian Oil Corporation Limited
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Georgia Ports Authority, United States
- Medco Energi Mining Internasional
- India Bulls Power Limited - India
- Port Waratah Coal Services - Australia
- Tamil Nadu electricity Board
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- Karbindo Abesyapradhi - Indoneisa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- New Zealand Coal & Carbon
- Bangladesh Power Developement Board
- Chamber of Mines of South Africa
- Baramulti Group, Indonesia
- PTC India Limited - India
- Posco Energy - South Korea
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- London Commodity Brokers - England
- Kumho Petrochemical, South Korea
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Billiton Holdings Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Marubeni Corporation - India
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Savvy Resources Ltd - HongKong
- Gujarat Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- Sakthi Sugars Limited - India
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- Xindia Steels Limited - India
- MS Steel International - UAE
- CNBM International Corporation - China
- Directorate Of Revenue Intelligence - India
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- Orica Mining Services - Indonesia
- Global Business Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coalindo Energy - Indonesia
- Petron Corporation, Philippines
- Salva Resources Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- San Jose City I Power Corp, Philippines
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Star Paper Mills Limited - India
- Barasentosa Lestari - Indonesia
- Planning Commission, India
- GMR Energy Limited - India
- Carbofer General Trading SA - India
- Bukit Baiduri Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Renaissance Capital - South Africa
- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- Kaltim Prima Coal - Indonesia
- Heidelberg Cement - Germany
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- Grasim Industreis Ltd - India
- Therma Luzon, Inc, Philippines
- Agrawal Coal Company - India
- The State Trading Corporation of India Ltd
- Africa Commodities Group - South Africa
- Interocean Group of Companies - India
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- Meralco Power Generation, Philippines
- Videocon Industries ltd - India
- Attock Cement Pakistan Limited
- Makarim & Taira - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- Sarangani Energy Corporation, Philippines
- Borneo Indobara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Thai Mozambique Logistica
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Mjunction Services Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- IHS Mccloskey Coal Group - USA
- Orica Australia Pty. Ltd.
- Romanian Commodities Exchange
- Sree Jayajothi Cements Limited - India
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Kepco SPC Power Corporation, Philippines
- Commonwealth Bank - Australia
- Asmin Koalindo Tuhup - Indonesia
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