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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 $1.3 billion initial public offering last year, analysts had said.
Goldman Sachs, with a 9.94 percent stake in Adaro, is coordinating the sale of the shares, one source with direct knowledge of the matter said two weeks ago.
Goldman Sachs was adviser to San Miguel in the Manila-based conglomerate's ambitious diversification plan, which resulted in San Miguel's purchase of 27 percent of utility Manila Electric Co last year, a planned telecommunications venture, and a pending purchase of majority of oil refiner Petron Corp.
San Miguel is diversifying away from its traditional food and beverage business to fuel future growth.
Analysts said investors may want to sell out of Adaro given the uncertainty over coal prices amid an economic downturn.
Source: http://in.reuters.com/article/innovationNews/idINTRE53S47R20090429?sp=true
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Thursday, 29 October 09
MMTC AWARDED 12.5 MILLION TONS TO THREE INDIAN TRADERS
COALspot.com (India): State-run trading firm MMTC awarded tenders for the import of 12.5 million tonnes of coal for NTPC to three Indian coal trader ...
Thursday, 29 October 09
COAL OF AFRICA SEES VELE OUTPUT BY APRIL 2010
* First coal from Mooiplaats mined and sold
* Talks with Transnet on rail PPP on track
Reuters reported that, Coal of Africa (CoAL) said on Mond ...
Thursday, 29 October 09
UAE FUND EYES INDIA POWER FOR INDONESIAN COAL
Reuters reported that, the UAE's Middle East Coal (MEC) is in talks to buy equity stakes in India's power plants in exchange for long-term coal su ...
Thursday, 29 October 09
CESC POSTS RS 126 CRORE (US$ 26,655,178) NET PROFIT IN QUARTER TWO
Economic Times reported that, Energy major CESC posted a marginal increase in net profit at Rs 126 crore (US$ 26,655,178) for the quarter ended Sep ...
Thursday, 29 October 09
INDIA MMTC TENDER SET TO BOOST S.AFRICA COAL
The South African coal market is set to be boosted further by India's state-owned trading firm MMTC Ltd's tender for 12.5 million tonnes, Indian t ...
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- Australian Coal Association
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- The University of Queensland
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Bangladesh Power Developement Board
- Indogreen Group - Indonesia
- Makarim & Taira - Indonesia
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- San Jose City I Power Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- Edison Trading Spa - Italy
- Gujarat Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- Parliament of New Zealand
- Sakthi Sugars Limited - India
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Aboitiz Power Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- Merrill Lynch Commodities Europe
- Chettinad Cement Corporation Ltd - India
- Kideco Jaya Agung - Indonesia
- Toyota Tsusho Corporation, Japan
- Independent Power Producers Association of India
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- Global Coal Blending Company Limited - Australia
- Globalindo Alam Lestari - Indonesia
- Carbofer General Trading SA - India
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Borneo Indobara - Indonesia
- Bhoruka Overseas - Indonesia
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Vedanta Resources Plc - India
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Formosa Plastics Group - Taiwan
- LBH Netherlands Bv - Netherlands
- McConnell Dowell - Australia
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- Petrochimia International Co. Ltd.- Taiwan
- Tata Chemicals Ltd - India
- London Commodity Brokers - England
- Indian Energy Exchange, India
- White Energy Company Limited
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Vijayanagar Sugar Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Madhucon Powers Ltd - India
- Indian Oil Corporation Limited
- Malabar Cements Ltd - India
- Central Electricity Authority - India
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- Standard Chartered Bank - UAE
- Lanco Infratech Ltd - India
- Salva Resources Pvt Ltd - India
- Tamil Nadu electricity Board
- TeaM Sual Corporation - Philippines
- Posco Energy - South Korea
- Central Java Power - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Bhushan Steel Limited - India
- Coal and Oil Company - UAE
- European Bulk Services B.V. - Netherlands
- Medco Energi Mining Internasional
- Bulk Trading Sa - Switzerland
- Mjunction Services Limited - India
- Trasteel International SA, Italy
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- India Bulls Power Limited - India
- Rio Tinto Coal - Australia
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- Sical Logistics Limited - India
- ICICI Bank Limited - India
- Savvy Resources Ltd - HongKong
- Videocon Industries ltd - India
- Uttam Galva Steels Limited - India
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- Thai Mozambique Logistica
- SMC Global Power, Philippines
- Africa Commodities Group - South Africa
- Planning Commission, India
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- International Coal Ventures Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Star Paper Mills Limited - India
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Meralco Power Generation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Finance - Indonesia
- Metalloyd Limited - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Larsen & Toubro Limited - India
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- Latin American Coal - Colombia
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Attock Cement Pakistan Limited
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Altura Mining Limited, Indonesia
- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- The State Trading Corporation of India Ltd
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kumho Petrochemical, South Korea
- Banpu Public Company Limited - Thailand
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- PNOC Exploration Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Therma Luzon, Inc, Philippines
- Parry Sugars Refinery, India
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- Krishnapatnam Port Company Ltd. - India
- Energy Development Corp, Philippines
- Commonwealth Bank - Australia
- Minerals Council of Australia
- Mintek Dendrill Indonesia
- Kalimantan Lumbung Energi - Indonesia
- GMR Energy Limited - India
- PTC India Limited - India
- Wood Mackenzie - Singapore
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