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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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Friday, 23 October 09
INDIAN GROUP INTERESTED IN MOZAMBICAN COAL
Mining Weekly reported that, India’s leading steelmaker, the Steel Authority of India Limited (Sail), has confirmed that it is seeking to acqu ...
Friday, 23 October 09
AUSTRALIA APPROVES CHINESE TAKEOVER OF FELIX RESOURCES
* Australia give conditional approval to China's Felix deal
* Chinese owner must list the assets on Australian exchange
Reuters reported that, ...
Friday, 23 October 09
IVANHOE TARGETING 20 MILLION TONS OF COAL OUTPUT IN MONGOLIA
Bloomberg reported that, Ivanhoe Mines Ltd., developing a $4 billion copper and gold mine in Mongolia with Rio Tinto Group, is targeting long-term c ...
Friday, 23 October 09
XSTRATA PLANS $1BN AUSTRALIAN COAL PORT
Xstrata Plc, the world's biggest exporter of steam coal, plans to build a new $1 billion coal port in Australia, it said.
The proposed Balaclava ...
Friday, 23 October 09
MEXICO'S CFE SEEKS 6.24 MLN T COAL FOR 2010-12
Reuters reported that, Mexico's state-owned power monopoly plans to award a tender for 6.24 million tonnes of steam coal in December, according to ...
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- OPG Power Generation Pvt Ltd - India
- Lanco Infratech Ltd - India
- Pendopo Energi Batubara - Indonesia
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Standard Chartered Bank - UAE
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mintek Dendrill Indonesia
- Essar Steel Hazira Ltd - India
- Siam City Cement PLC, Thailand
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- Energy Development Corp, Philippines
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- GMR Energy Limited - India
- Global Business Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- Kumho Petrochemical, South Korea
- Georgia Ports Authority, United States
- Ministry of Finance - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Ministry of Transport, Egypt
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- Xindia Steels Limited - India
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- Mercuria Energy - Indonesia
- Minerals Council of Australia
- IEA Clean Coal Centre - UK
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- Global Coal Blending Company Limited - Australia
- Directorate Of Revenue Intelligence - India
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- GN Power Mariveles Coal Plant, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- Kapuas Tunggal Persada - Indonesia
- Australian Coal Association
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Singapore Mercantile Exchange
- Baramulti Group, Indonesia
- PTC India Limited - India
- Deloitte Consulting - India
- Kaltim Prima Coal - Indonesia
- CNBM International Corporation - China
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- Antam Resourcindo - Indonesia
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- Sinarmas Energy and Mining - Indonesia
- Semirara Mining Corp, Philippines
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- Australian Commodity Traders Exchange
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- The University of Queensland
- Electricity Authority, New Zealand
- Wilmar Investment Holdings
- Metalloyd Limited - United Kingdom
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Dalmia Cement Bharat India
- Coalindo Energy - Indonesia
- Port Waratah Coal Services - Australia
- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Grasim Industreis Ltd - India
- Borneo Indobara - Indonesia
- Karaikal Port Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- Timah Investasi Mineral - Indoneisa
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Salva Resources Pvt Ltd - India
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- Sree Jayajothi Cements Limited - India
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- Mjunction Services Limited - India
- Parry Sugars Refinery, India
- Thiess Contractors Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Jaiprakash Power Ventures ltd
- Ind-Barath Power Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Commonwealth Bank - Australia
- Banpu Public Company Limited - Thailand
- SMG Consultants - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- VISA Power Limited - India
- New Zealand Coal & Carbon
- MS Steel International - UAE
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- South Luzon Thermal Energy Corporation
- GVK Power & Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- Mercator Lines Limited - India
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- Therma Luzon, Inc, Philippines
- London Commodity Brokers - England
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- Aditya Birla Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- SN Aboitiz Power Inc, Philippines
- Thai Mozambique Logistica
- Economic Council, Georgia
- The Treasury - Australian Government
- Trasteel International SA, Italy
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- Planning Commission, India
- Kepco SPC Power Corporation, Philippines
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Vizag Seaport Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Oldendorff Carriers - Singapore
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- Cement Manufacturers Association - India
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Kobexindo Tractors - Indoneisa
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
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