COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Thursday, 24 September 09
ANGLO EYES DOUBLED METALLURGICAL COAL OUTPUT BY 2018
Mining group Anglo American could double its production of coal used for steel making by 2018 if all of its unapproved projects went ahead, the comp ...


Thursday, 24 September 09
S.KOREA HYUNDAI STEEL TO BUY COAL FROM SIBERIA
Reuters reported that, South Korea's Hyundai Steel said on Wednesday it will buy a maximum of 300,000 tonnes of coal per year from Siberian Anthrac ...


Thursday, 24 September 09
NO IMPORTED COAL-BASED UMPPS: TATA POWER
Will wait until policy environment becomes more favourable. Business Standard reported that, Tata Power Company (TPC), India’s largest priv ...


Thursday, 24 September 09
BUMI RAISES $1.9 BILLION SELLING DEBT TO CHINA'S CIC
Bloomberg reported that, PT Bumi Resources, Indonesia’s biggest coal producer, said it raised $1.9 billion selling debt to China’s sover ...


Thursday, 24 September 09
MACQUARIE DOWNGRADES U.S. COAL SECTOR TO NEUTRAL
Reuters reported that, Macquarie Research downgraded the U.S. coal sector to "neutral" from "overweight" as it believes that dem ...


   1279 1280 1281 1282 1283   
Showing 6401 to 6405 news of total 6871
News by Category
Popular News
 
Total Members : 28,635
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Vitol - Bahrain
  • Arutmin Indonesia
  • Madhucon Powers Ltd - India
  • Pipit Mutiara Jaya. PT, Indonesia
  • Tanito Harum - Indonesia
  • Kobe Steel Ltd - Japan
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Indorama - Singapore
  • Geoservices-GeoAssay Lab
  • Meenaskhi Energy Private Limited - India
  • UBS Singapore
  • Dalmia Cement Bharat India
  • World Bank
  • Total Coal South Africa
  • ASAPP Information Group - India
  • Neyveli Lignite Corporation Ltd, - India
  • Cement Manufacturers Association - India
  • Cardiff University - UK
  • Asia Cement - Taiwan
  • Shree Cement - India
  • Agrawal Coal Company - India
  • Posco Energy - South Korea
  • Parry Sugars Refinery, India
  • Chamber of Mines of South Africa
  • Moodys - Singapore
  • Australian Coal Association
  • EIA - United States
  • Cemex - Philippines
  • ANZ Bank - Australia
  • TRAFIGURA, South Korea
  • SN Aboitiz Power Inc, Philippines
  • Humpuss - Indonesia
  • Power Finance Corporation Ltd., India
  • Jatenergy - Australia
  • Kalimantan Lumbung Energi - Indonesia
  • Sakthi Sugars Limited - India
  • CoalTek, United States
  • PLN Batubara - Indonesia
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • PTC India Limited - India
  • Fearnleys - India
  • Argus Media - Singapore
  • Thailand Anthracite
  • PetroVietnam Power Coal Import and Supply Company
  • Georgia Ports Authority, United States
  • Star Paper Mills Limited - India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Platts
  • Maruti Cements - India
  • GNFC Limited - India
  • Maheswari Brothers Coal Limited - India
  • SGS (Thailand) Limited
  • IEA Clean Coal Centre - UK
  • Gujarat Electricity Regulatory Commission - India
  • Ministry of Finance - Indonesia
  • AsiaOL BioFuels Corp., Philippines
  • Deloitte Consulting - India
  • OCBC - Singapore
  • Baramulti Group, Indonesia
  • Idemitsu - Japan
  • Intertek Mineral Services - Indonesia
  • The State Trading Corporation of India Ltd
  • Thomson Reuters GRC
  • Qatrana Cement - Jordan
  • Binh Thuan Hamico - Vietnam
  • Edison Trading Spa - Italy
  • PetroVietnam
  • Global Coal Blending Company Limited - Australia
  • Bank of China, Malaysia
  • Krishnapatnam Port Company Ltd. - India
  • Central Java Power - Indonesia
  • Trasteel International SA, Italy
  • Coal and Oil Company - UAE
  • Maharashtra Electricity Regulatory Commission - India
  • Eastern Coal Council - USA
  • GVK Power & Infra Limited - India
  • Jindal Steel & Power Ltd - India
  • PLN - Indonesia
  • IOL Indonesia
  • The Treasury - Australian Government
  • Port Waratah Coal Services - Australia
  • TGV SRAAC LIMITED, India
  • Barclays Capital - USA
  • Uttam Galva Steels Limited - India
  • Leighton Contractors Pty Ltd - Australia
  • Barasentosa Lestari - Indonesia
  • McConnell Dowell - Australia
  • Rudhra Energy - India
  • Thriveni
  • Renaissance Capital - South Africa
  • Vizag Seaport Private Limited - India
  • JPMorgan - India
  • RBS Sempra - UK
  • Energy Link Ltd, New Zealand
  • Toyota Tsusho Corporation, Japan
  • Russian Coal LLC
  • Bukit Baiduri Energy - Indonesia
  • Standard Chartered Bank - UAE
  • GMR Energy Limited - India
  • The University of Queensland
  • MS Steel International - UAE
  • APGENCO India
  • Bukit Asam (Persero) Tbk - Indonesia
  • Essar Steel Hazira Ltd - India
  • Mitsubishi Corporation
  • Kumho Petrochemical, South Korea
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Mitsui
  • Clarksons - UK
  • TNB Fuel Sdn Bhd - Malaysia
  • PowerSource Philippines DevCo
  • Bhatia International Limited - India
  • Coal Orbis AG
  • Timah Investasi Mineral - Indoneisa
  • Economic Council, Georgia
  • Attock Cement Pakistan Limited
  • Deutsche Bank - India
  • Kartika Selabumi Mining - Indonesia
  • Inspectorate - India
  • Bangladesh Power Developement Board
  • Indogreen Group - Indonesia
  • Carbofer General Trading SA - India
  • ACC Limited - India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Sarangani Energy Corporation, Philippines
  • Price Waterhouse Coopers - Russia
  • Directorate General of MIneral and Coal - Indonesia
  • ING Bank NV - Singapore
  • Indian School of Mines
  • BRS Brokers - Singapore
  • Sindya Power Generating Company Private Ltd
  • Makarim & Taira - Indonesia
  • Mercuria Energy - Indonesia
  • Sojitz Corporation - Japan
  • Pendopo Energi Batubara - Indonesia
  • Billiton Holdings Pty Ltd - Australia
  • WorleyParsons
  • Independent Power Producers Association of India
  • Globalindo Alam Lestari - Indonesia
  • Malco - India
  • Noble Europe Ltd - UK
  • Vale Mozambique
  • Cigading International Bulk Terminal - Indonesia
  • Global Business Power Corporation, Philippines
  • Semirara Mining and Power Corporation, Philippines
  • Lafarge - France
  • Planning Commission, India
  • JPower - Japan
  • Freeport Indonesia
  • KEPCO - South Korea
  • Bulk Trading Sa - Switzerland
  • Cargill India Pvt Ltd
  • CNBM International Corporation - China
  • Rio Tinto Coal - Australia
  • CCIC - Indonesia
  • South Luzon Thermal Energy Corporation
  • Panama Canal Authority
  • Petrochimia International Co. Ltd.- Taiwan
  • Indo Tambangraya Megah - Indonesia
  • Chettinad Cement Corporation Ltd - India
  • bp singapore
  • New Zealand Coal & Carbon
  • DBS Bank - Singapore
  • Parliament of New Zealand
  • Marubeni Corporation - India
  • Permata Bank - Indonesia
  • Bhushan Steel Limited - India
  • ETA - Dubai
  • Ambuja Cements Ltd - India
  • Manunggal Multi Energi - Indonesia
  • Kapuas Tunggal Persada - Indonesia
  • SRK Consulting
  • Larsen & Toubro Limited - India
  • Karaikal Port Pvt Ltd - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Pinang Coal Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • SUEK AG - Indonesia
  • Videocon Industries ltd - India
  • Berau Coal - Indonesia
  • Mechel - Russia
  • Jaiprakash Power Ventures ltd
  • Sical Logistics Limited - India
  • J M Baxi & Co - India
  • San Jose City I Power Corp, Philippines
  • Gujarat Sidhee Cement - India
  • Malabar Cements Ltd - India
  • Reliance Power - India
  • Ince & co LLP
  • Latin American Coal - Colombia
  • SASOL - South Africa
  • Altura Mining Limited, Indonesia
  • Ministry of Transport, Egypt
  • VISA Power Limited - India
  • Lanco Infratech Ltd - India
  • Coalindo Energy - Indonesia
  • Arch Coal - USA
  • Samsung - South Korea
  • Siam City Cement PLC, Thailand
  • Indian Energy Exchange, India
  • Jorong Barutama Greston.PT - Indonesia
  • PNOC Exploration Corporation - Philippines
  • Thai Mozambique Logistica
  • Bharathi Cement Corporation - India
  • Indian Oil Corporation Limited
  • Indika Energy - Indonesia
  • The India Cements Ltd
  • Gresik Semen - Indonesia
  • Wilmar Investment Holdings
  • Electricity Generating Authority of Thailand
  • World Coal - UK
  • globalCOAL - UK
  • Kideco Jaya Agung - Indonesia
  • CESC Limited - India
  • TNPL - India
  • European Bulk Services B.V. - Netherlands
  • Gujarat Mineral Development Corp Ltd - India
  • Xstrata Coal
  • Tata Power - India
  • Romanian Commodities Exchange
  • Coal India Limited
  • ICICI Bank Limited - India
  • UOB Asia (HK) Ltd
  • Vedanta Resources Plc - India
  • Savvy Resources Ltd - HongKong
  • Riau Bara Harum - Indonesia
  • Africa Commodities Group - South Africa
  • Salva Resources Pvt Ltd - India
  • Enel Italy
  • Tamil Nadu electricity Board
  • Bayan Resources Tbk. - Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • Mintek Dendrill Indonesia
  • Mjunction Services Limited - India
  • Bukit Makmur.PT - Indonesia
  • Heidelberg Cement - Germany
  • BNP Paribas - Singapore
  • Coaltrans Conferences
  • Alfred C Toepfer International GmbH - Germany
  • Maybank - Singapore
  • Mitra SK Pvt Ltd - India
  • McKinsey & Co - India
  • Adani Power Ltd - India
  • SMC Global Power, Philippines
  • Mercator Lines Limited - India
  • KOWEPO - South Korea
  • Interocean Group of Companies - India
  • NTPC Limited - India
  • Coastal Gujarat Power Limited - India
  • Therma Luzon, Inc, Philippines
  • Holcim Trading Pte Ltd - Singapore
  • Oldendorff Carriers - Singapore
  • GHCL Limited - India
  • Simpson Spence & Young - Indonesia
  • U S Energy Resources
  • Shenhua Group - China
  • Bangkok Bank PCL
  • Aditya Birla Group - India
  • Ministry of Mines - Canada
  • Sree Jayajothi Cements Limited - India
  • Vijayanagar Sugar Pvt Ltd - India
  • CIMB Investment Bank - Malaysia
  • Central Electricity Authority - India
  • Bank of America
  • LBH Netherlands Bv - Netherlands
  • MEC Coal - Indonesia
  • Platou - Singapore
  • Glencore India Pvt. Ltd
  • Global Green Power PLC Corporation, Philippines
  • Gupta Coal India Ltd
  • Kobexindo Tractors - Indoneisa
  • Formosa Plastics Group - Taiwan
  • Petrosea - Indonesia
  • Thiess Contractors Indonesia
  • Maersk Broker
  • Metalloyd Limited - United Kingdom
  • Britmindo - Indonesia
  • NALCO India
  • Orica Australia Pty. Ltd.
  • Aboitiz Power Corporation - Philippines
  • Coeclerici Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • Meralco Power Generation, Philippines
  • Kohat Cement Company Ltd. - Pakistan
  • Infraline Energy - India
  • IMC Shipping - Singapore
  • Sucofindo - Indonesia
  • Orica Mining Services - Indonesia
  • India Bulls Power Limited - India
  • Antam Resourcindo - Indonesia
  • KPMG - USA
  • Indonesia Power. PT
  • Kepco SPC Power Corporation, Philippines
  • Banpu Public Company Limited - Thailand
  • GAC Shipping (India) Pvt Ltd
  • Energy Development Corp, Philippines
  • HSBC - Hong Kong
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Indonesian Coal Mining Association
  • Grasim Industreis Ltd - India
  • Straits Asia Resources Limited - Singapore
  • Samtan Co., Ltd - South Korea
  • Inco-Indonesia
  • GB Group - China
  • Goldman Sachs - Singapore
  • International Coal Ventures Pvt Ltd - India
  • Commonwealth Bank - Australia
  • Iligan Light & Power Inc, Philippines
  • White Energy Company Limited
  • Anglo American - United Kingdom
  • Runge Indonesia
  • IHS Mccloskey Coal Group - USA
  • Borneo Indobara - Indonesia
  • Semirara Mining Corp, Philippines
  • Asmin Koalindo Tuhup - Indonesia
  • Credit Suisse - India
  • Petron Corporation, Philippines
  • Ind-Barath Power Infra Limited - India
  • Bhoruka Overseas - Indonesia
  • London Commodity Brokers - England
  • SMG Consultants - Indonesia
  • Directorate Of Revenue Intelligence - India
  • Asian Development Bank
  • Singapore Mercantile Exchange
  • Electricity Authority, New Zealand
  • Minerals Council of Australia
  • Thermax Limited - India
  • TANGEDCO India
  • Core Mineral Indonesia
  • Cebu Energy, Philippines
  • Merrill Lynch Commodities Europe
  • Adaro Indonesia
  • Japan Coal Energy Center
  • Eastern Energy - Thailand
  • Siam City Cement - Thailand
  • Karbindo Abesyapradhi - Indoneisa
  • Ernst & Young Pvt. Ltd.
  • Peabody Energy - USA
  • Bahari Cakrawala Sebuku - Indonesia
  • Kaltim Prima Coal - Indonesia
  • OPG Power Generation Pvt Ltd - India
  • Cosco
  • KPCL - India
  • Surastha Cement
  • Medco Energi Mining Internasional
  • IBC Asia (S) Pte Ltd
  • EMO - The Netherlands
  • Xindia Steels Limited - India
  • Tata Chemicals Ltd - India
  • Australian Commodity Traders Exchange
  • Rashtriya Ispat Nigam Limited - India
  • GN Power Mariveles Coal Plant, Philippines
  • TeaM Sual Corporation - Philippines
  • Wood Mackenzie - Singapore
  • Merrill Lynch Bank