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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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Wednesday, 28 October 09
MIDDLE EAST COAL EYEING INDIAN POWER PLANTS IN EXCHANGE FOR LONG TERM COAL SUPPLY
Reuters reported that UAE's Middle East Coal is in talks to buy equity stakes in India's power plants in exchange for long term coal supply.
ME ...
Wednesday, 28 October 09
INVESTMENT IN MINING SECTOR HAMPERED BY LATE REGULATIONS
The Jakarta Post reported that, Indonesia may have to wait for a potential massive inflow of new investment into the mining sector due to delays in ...
Tuesday, 27 October 09
CHINA'S SEPT. COAL IMPORTS RISE AS ECONOMY RECOVERS
Bloomberg reported that, China, the world’s largest coal user and producer, increased imports of the fuel in September to meet rising domest ...
Monday, 26 October 09
DARWIN EYES PRIVATE INVESTMENT
The Jakarta Post reported that, the new energy and ministerial resources minister, Darwin Zahedy Saleh, has set his sights on accelerating the reali ...
Sunday, 25 October 09
THE FUTURE FREIGHT MARKET IS EXPECTED TO HAVE POSITIVE DIRECTION - VISTAAR
COALspot.com (Singapore): According to Vistaar Shipping an experienced ship operator in Singapore, the BDI shot up this week (19-24 October) by abou ...
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- Grasim Industreis Ltd - India
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Eastern Energy - Thailand
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
- Bhushan Steel Limited - India
- Miang Besar Coal Terminal - Indonesia
- Indonesian Coal Mining Association
- MS Steel International - UAE
- Minerals Council of Australia
- Wilmar Investment Holdings
- London Commodity Brokers - England
- Romanian Commodities Exchange
- Economic Council, Georgia
- Tata Chemicals Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Iligan Light & Power Inc, Philippines
- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
- CIMB Investment Bank - Malaysia
- Aditya Birla Group - India
- Parry Sugars Refinery, India
- PTC India Limited - India
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Thiess Contractors Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Kartika Selabumi Mining - Indonesia
- Deloitte Consulting - India
- SN Aboitiz Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Power Finance Corporation Ltd., India
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- ICICI Bank Limited - India
- Mintek Dendrill Indonesia
- Carbofer General Trading SA - India
- Aboitiz Power Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- International Coal Ventures Pvt Ltd - India
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Metalloyd Limited - United Kingdom
- Vedanta Resources Plc - India
- Vizag Seaport Private Limited - India
- Banpu Public Company Limited - Thailand
- Edison Trading Spa - Italy
- White Energy Company Limited
- Semirara Mining Corp, Philippines
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Sojitz Corporation - Japan
- Bharathi Cement Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- SMG Consultants - Indonesia
- Uttam Galva Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- Ministry of Finance - Indonesia
- Bulk Trading Sa - Switzerland
- Neyveli Lignite Corporation Ltd, - India
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Directorate General of MIneral and Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Maheswari Brothers Coal Limited - India
- Trasteel International SA, Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- Karaikal Port Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Offshore Bulk Terminal Pte Ltd, Singapore
- Videocon Industries ltd - India
- Sarangani Energy Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Marubeni Corporation - India
- Attock Cement Pakistan Limited
- Bukit Baiduri Energy - Indonesia
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Chettinad Cement Corporation Ltd - India
- Meenaskhi Energy Private Limited - India
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- Alfred C Toepfer International GmbH - Germany
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- Standard Chartered Bank - UAE
- Borneo Indobara - Indonesia
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- Renaissance Capital - South Africa
- Altura Mining Limited, Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- Straits Asia Resources Limited - Singapore
- Intertek Mineral Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Bayan Resources Tbk. - Indonesia
- Central Electricity Authority - India
- Eastern Coal Council - USA
- The Treasury - Australian Government
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Planning Commission, India
- Sical Logistics Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Timah Investasi Mineral - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Independent Power Producers Association of India
- Anglo American - United Kingdom
- Pendopo Energi Batubara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- PNOC Exploration Corporation - Philippines
- Bangladesh Power Developement Board
- OPG Power Generation Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Leighton Contractors Pty Ltd - Australia
- Kepco SPC Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- Singapore Mercantile Exchange
- Siam City Cement PLC, Thailand
- Thai Mozambique Logistica
- Petrochimia International Co. Ltd.- Taiwan
- Indian Energy Exchange, India
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- Price Waterhouse Coopers - Russia
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Indogreen Group - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Global Coal Blending Company Limited - Australia
- Latin American Coal - Colombia
- LBH Netherlands Bv - Netherlands
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- Billiton Holdings Pty Ltd - Australia
- Chamber of Mines of South Africa
- Interocean Group of Companies - India
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Coastal Gujarat Power Limited - India
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- Jaiprakash Power Ventures ltd
- Indian Oil Corporation Limited
- Mercuria Energy - Indonesia
- Oldendorff Carriers - Singapore
- Petron Corporation, Philippines
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
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