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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, 14 November 09
ASIA'S POWER SECTOR IS INVESTING IN COALMINES TO SECURE SUPPLIES
COALspot.com (Press Release): Asia Coal Power conference in Jakarta pinpoints growing power demand in Asia & Power sector investments in Indones ...
Friday, 13 November 09
API4 IGNORES LOW COAL TRADES - SWISS SINGAPORE
* Jan, Feb S.Africa coal prices hit 12-month highs
* Indian trader says deals done dollars below index
Reuters reported that, the physical coal ...
Thursday, 12 November 09
INDONESIA'S BUMI COAL PRODUCTION TO INCREASE
The sale is predicted to jump 14 percent to 58 million tons.
Viva News reported that, PT Bumi Resources Tbk. (BUMI) projected that the company's ...
Thursday, 12 November 09
INDIA'S BHEL IS IN INDONESIA NOW WITH THE COST EFFECTIVE CFBC BASED BOILER TURBINE PACKAGES
COALspot.com(Indonesia): BHEL, the largest engineering and manufacturing enterprise in India in the energy-related / infrastructure sector, is now f ...
Thursday, 12 November 09
NTPC FARAKKA AND KAHALGAON UNITS SHUT DOWN ON COAL SHORTAGE
Operations at two units each of power major NTPC Ltd’s 1600 MW Farakka and the 2340 MW Kahalgaon stations have ground to a halt due to an acut ...
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- AsiaOL BioFuels Corp., Philippines
- Australian Commodity Traders Exchange
- Kobexindo Tractors - Indoneisa
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aditya Birla Group - India
- Sree Jayajothi Cements Limited - India
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- Agrawal Coal Company - India
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Tata Chemicals Ltd - India
- Chettinad Cement Corporation Ltd - India
- Cement Manufacturers Association - India
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Business Power Corporation, Philippines
- Barasentosa Lestari - Indonesia
- IEA Clean Coal Centre - UK
- Mjunction Services Limited - India
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- Electricity Generating Authority of Thailand
- Coastal Gujarat Power Limited - India
- MS Steel International - UAE
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Coal and Oil Company - UAE
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Baramulti Group, Indonesia
- Altura Mining Limited, Indonesia
- Bayan Resources Tbk. - Indonesia
- Essar Steel Hazira Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Holcim Trading Pte Ltd - Singapore
- Trasteel International SA, Italy
- Lanco Infratech Ltd - India
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- SMG Consultants - Indonesia
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- Globalindo Alam Lestari - Indonesia
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- Madhucon Powers Ltd - India
- Indian Energy Exchange, India
- Ministry of Mines - Canada
- Malabar Cements Ltd - India
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- Posco Energy - South Korea
- Independent Power Producers Association of India
- OPG Power Generation Pvt Ltd - India
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- Semirara Mining Corp, Philippines
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- TeaM Sual Corporation - Philippines
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- New Zealand Coal & Carbon
- ASAPP Information Group - India
- Sakthi Sugars Limited - India
- Mercator Lines Limited - India
- Sarangani Energy Corporation, Philippines
- Thiess Contractors Indonesia
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Ministry of Transport, Egypt
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Romanian Commodities Exchange
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Maheswari Brothers Coal Limited - India
- Planning Commission, India
- SMC Global Power, Philippines
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- Aboitiz Power Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- Eastern Energy - Thailand
- GAC Shipping (India) Pvt Ltd
- Chamber of Mines of South Africa
- Bhoruka Overseas - Indonesia
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Eastern Coal Council - USA
- VISA Power Limited - India
- Power Finance Corporation Ltd., India
- IHS Mccloskey Coal Group - USA
- Sical Logistics Limited - India
- Iligan Light & Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Mining Services - Indonesia
- Economic Council, Georgia
- Singapore Mercantile Exchange
- Interocean Group of Companies - India
- San Jose City I Power Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Australian Coal Association
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Karaikal Port Pvt Ltd - India
- Heidelberg Cement - Germany
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- Billiton Holdings Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bangladesh Power Developement Board
- Timah Investasi Mineral - Indoneisa
- Binh Thuan Hamico - Vietnam
- Therma Luzon, Inc, Philippines
- Bhushan Steel Limited - India
- Formosa Plastics Group - Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Anglo American - United Kingdom
- Latin American Coal - Colombia
- International Coal Ventures Pvt Ltd - India
- Africa Commodities Group - South Africa
- Metalloyd Limited - United Kingdom
- Kideco Jaya Agung - Indonesia
- Port Waratah Coal Services - Australia
- Makarim & Taira - Indonesia
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Gujarat Sidhee Cement - India
- Miang Besar Coal Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- Medco Energi Mining Internasional
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- ICICI Bank Limited - India
- Jindal Steel & Power Ltd - India
- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- The Treasury - Australian Government
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- GN Power Mariveles Coal Plant, Philippines
- Tamil Nadu electricity Board
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
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