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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, 25 September 09
INDONESIA STOCK EXCHANGE EXAMINES BUMI DEAL WITH CHINESE SOVEREIGN WEALTH FUND
The Jakarta globe reported that, The Indonesia Stock Exchange is looking into the $1.9 billion financing deal between PT Bumi Resources, the country ...
Friday, 25 September 09
FREIGHT RATE CUTS MAKING SOUTH AFRICAN COAL MORE COMPETITIVE IN ASIAN MARKETS
Mining Weekly reported that, Coaltrans South Africa MD Gerard Strahan highlighted the country’s sudden increase in coal exports to southern Ch ...
Friday, 25 September 09
XSTRATA TO BUILD ITS OWN RAIL CAPACITY TO SHIP AUSTRALIAN COAL
Bloomberg reported that, Xstrata Plc, the world’s largest exporter of coal used by power stations, will establish its own rail haulage capacit ...
Thursday, 24 September 09
INDIA CEMENT CO'S TO AWARD 200,000T COAL TENDER
Reuters reported that, India's biggest cement maker ACC Cement Ltd and Gujarat Ambuja will award on Thursday Sept 25 a tender for 100,000 tonnes ea ...
Thursday, 24 September 09
YUDEAN TO SIGN CO-OPERATION LETTER OF INTENT WITH RUSSIA COAL TRADE COMPANY
In the recent days, Gao Shiqiang, deputy manager of Yudean Group Co., Ltd. went and carried out the friendly talks with SUEK and inked the trade co- ...
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- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Bulk Trading Sa - Switzerland
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Jindal Steel & Power Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
- Kartika Selabumi Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Indian Energy Exchange, India
- Central Electricity Authority - India
- Sojitz Corporation - Japan
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- Mercuria Energy - Indonesia
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- SN Aboitiz Power Inc, Philippines
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- London Commodity Brokers - England
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Bukit Baiduri Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Kobexindo Tractors - Indoneisa
- Therma Luzon, Inc, Philippines
- Petron Corporation, Philippines
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bangladesh Power Developement Board
- The State Trading Corporation of India Ltd
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- PNOC Exploration Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
- Bhushan Steel Limited - India
- AsiaOL BioFuels Corp., Philippines
- Tamil Nadu electricity Board
- ASAPP Information Group - India
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Manunggal Multi Energi - Indonesia
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- Australian Commodity Traders Exchange
- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- Siam City Cement - Thailand
- Mjunction Services Limited - India
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- GMR Energy Limited - India
- CNBM International Corporation - China
- Electricity Generating Authority of Thailand
- Indo Tambangraya Megah - Indonesia
- Makarim & Taira - Indonesia
- Heidelberg Cement - Germany
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- White Energy Company Limited
- Kepco SPC Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Alfred C Toepfer International GmbH - Germany
- Malabar Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Iligan Light & Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- CIMB Investment Bank - Malaysia
- Orica Mining Services - Indonesia
- Semirara Mining Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Videocon Industries ltd - India
- Ind-Barath Power Infra Limited - India
- Vedanta Resources Plc - India
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- Ambuja Cements Ltd - India
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- Tata Chemicals Ltd - India
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- Port Waratah Coal Services - Australia
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- Directorate Of Revenue Intelligence - India
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- Medco Energi Mining Internasional
- TeaM Sual Corporation - Philippines
- Oldendorff Carriers - Singapore
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Lanco Infratech Ltd - India
- Gujarat Sidhee Cement - India
- Antam Resourcindo - Indonesia
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Aditya Birla Group - India
- Goldman Sachs - Singapore
- MS Steel International - UAE
- Indika Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Economic Council, Georgia
- Australian Coal Association
- Intertek Mineral Services - Indonesia
- Eastern Energy - Thailand
- ICICI Bank Limited - India
- Price Waterhouse Coopers - Russia
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- Marubeni Corporation - India
- Sakthi Sugars Limited - India
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Riau Bara Harum - Indonesia
- Orica Australia Pty. Ltd.
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- International Coal Ventures Pvt Ltd - India
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- South Luzon Thermal Energy Corporation
- Petrochimia International Co. Ltd.- Taiwan
- Kohat Cement Company Ltd. - Pakistan
- Sarangani Energy Corporation, Philippines
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- Singapore Mercantile Exchange
- Savvy Resources Ltd - HongKong
- Attock Cement Pakistan Limited
- Standard Chartered Bank - UAE
- Trasteel International SA, Italy
- Coal and Oil Company - UAE
- Bahari Cakrawala Sebuku - Indonesia
- Mintek Dendrill Indonesia
- Xindia Steels Limited - India
- Salva Resources Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Karaikal Port Pvt Ltd - India
- Star Paper Mills Limited - India
- Parliament of New Zealand
- Ministry of Transport, Egypt
- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- The University of Queensland
- Larsen & Toubro Limited - India
- Chettinad Cement Corporation Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Central Java Power - Indonesia
- The Treasury - Australian Government
- PetroVietnam Power Coal Import and Supply Company
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