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

Friday, 28 August 09
COAL MINE BUYERS DUST OFF THEIR CASH ( ANALYZED BY REUTERS)
* Coal asset buyers give up waiting for bargains * Mining majors expected to buy not sell * South Africa a target, Indonesia less so By Jackie ...


Friday, 28 August 09
JSW MAY BUY AFRICAN MINE FOR US$ 350
The Economic Times Reported that, The Sajjan Jindal-owned JSW Group is in advanced talks to acquire a coal mine in Swaziland, Africa, at an estimate ...


Friday, 28 August 09
COAL INDIA ALLOWED TO IMPORT COKING COAL
The government Thursday allowed the state-owned Coal India to import coking coal and high grade ash thermal coal by acquiring coal properties abroad ...


Thursday, 27 August 09
CIL TO SPEND US$ 1 - 1.5 BN TO ACQUIRE ASSETS IN 4 COUNTRIES
Business Standard reported that, "Coal India is looking to spend $1-1.5 billion in acquiring mining assets in Australia, Indonesia, South Afric ...


Wednesday, 26 August 09
INDIA'S JSW TO DOUBLE JAIGARH PORT CAPACITY TO 20 MT
Sea Trade Asia reported that, JSW Jaigarh Port, a wholly owned subsidiary of JSW Infrastructure & Logistics, plans to double cargo handling capa ...


   1292 1293 1294 1295 1296   
Showing 6466 to 6470 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 ...

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