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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, 21 August 09
HUANENG YIMIN TO HIKE COAL OUTPUT
China Daily, the largest English portal in China reported that, China's first large coal-electricity joint project, Huaneng Yimin Coal Electricity ...
Thursday, 20 August 09
INDONESIA'S DELTA DUNIA BUYS COAL FIRM FOR $550 MLN
* Delta Dunia to acquire BUMA for $550 million
* Expect to complete the deal in the fourth quarter of 2009
* Delta Dunia has appointed Barclays Ca ...
Thursday, 20 August 09
MUNDRA PORT BAGS MORMUGAO PORT COAL TERMINAL DEVELOPMENT CONCESSIONS
NDTV reported that, Mundra Port and Special Economic Zone (Mundra Port) the largest private port in India has won the bid for the development of coa ...
Thursday, 20 August 09
INDONESIA'S BUKIT ASAM SET FOR MINE ACQUISITIONS
* Allocates $150 million for coal mine acquisitions
* Expects one deal to be completed by the end of 2009
Reuters world's largest international ...
Thursday, 20 August 09
INDONESIAN COAL EXPORT LESSENS IN FIRST SEMESTER
Domestic coal use has grown by five million tons.
Viva News reported that, Domestic coal export up until the first half of 2009 decreased by four ...
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- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Timah Investasi Mineral - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Deloitte Consulting - India
- Interocean Group of Companies - India
- Madhucon Powers Ltd - India
- Banpu Public Company Limited - Thailand
- McConnell Dowell - Australia
- Medco Energi Mining Internasional
- Uttam Galva Steels Limited - India
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Rio Tinto Coal - Australia
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coalindo Energy - Indonesia
- Indian Energy Exchange, India
- Vijayanagar Sugar Pvt Ltd - India
- Energy Link Ltd, New Zealand
- PNOC Exploration Corporation - Philippines
- Sojitz Corporation - Japan
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- Power Finance Corporation Ltd., India
- Carbofer General Trading SA - India
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Bangladesh Power Developement Board
- Tata Chemicals Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Karaikal Port Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Finance - Indonesia
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Kideco Jaya Agung - Indonesia
- Sakthi Sugars Limited - India
- PTC India Limited - India
- PowerSource Philippines DevCo
- Sinarmas Energy and Mining - Indonesia
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Mintek Dendrill Indonesia
- Maheswari Brothers Coal Limited - India
- Mercator Lines Limited - India
- The Treasury - Australian Government
- Tamil Nadu electricity Board
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- Sree Jayajothi Cements Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Altura Mining Limited, Indonesia
- Larsen & Toubro Limited - India
- Indika Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bank of Tokyo Mitsubishi UFJ Ltd
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Makarim & Taira - Indonesia
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Jorong Barutama Greston.PT - Indonesia
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- Jindal Steel & Power Ltd - India
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Kartika Selabumi Mining - Indonesia
- Mercuria Energy - Indonesia
- Ambuja Cements Ltd - India
- Wood Mackenzie - Singapore
- Marubeni Corporation - India
- Sical Logistics Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
- Chettinad Cement Corporation Ltd - India
- New Zealand Coal & Carbon
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Australian Coal Association
- SMG Consultants - Indonesia
- Coal and Oil Company - UAE
- Planning Commission, India
- Thiess Contractors Indonesia
- Simpson Spence & Young - Indonesia
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- Economic Council, Georgia
- Indonesian Coal Mining Association
- Antam Resourcindo - Indonesia
- VISA Power Limited - India
- Iligan Light & Power Inc, Philippines
- Borneo Indobara - Indonesia
- The University of Queensland
- Lanco Infratech Ltd - India
- Kobexindo Tractors - Indoneisa
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- Bhatia International Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Global Green Power PLC Corporation, Philippines
- Africa Commodities Group - South Africa
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- Chamber of Mines of South Africa
- IEA Clean Coal Centre - UK
- Orica Australia Pty. Ltd.
- Independent Power Producers Association of India
- Metalloyd Limited - United Kingdom
- Vizag Seaport Private Limited - India
- IHS Mccloskey Coal Group - USA
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
- Central Electricity Authority - India
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- Vedanta Resources Plc - India
- Bulk Trading Sa - Switzerland
- Heidelberg Cement - Germany
- Bhoruka Overseas - Indonesia
- Videocon Industries ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Mines - Canada
- Samtan Co., Ltd - South Korea
- ASAPP Information Group - India
- Romanian Commodities Exchange
- Krishnapatnam Port Company Ltd. - India
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- PetroVietnam Power Coal Import and Supply Company
- Neyveli Lignite Corporation Ltd, - India
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Riau Bara Harum - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Bhushan Steel Limited - India
- International Coal Ventures Pvt Ltd - India
- Siam City Cement - Thailand
- Indian Oil Corporation Limited
- Electricity Generating Authority of Thailand
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- Holcim Trading Pte Ltd - Singapore
- GAC Shipping (India) Pvt Ltd
- Binh Thuan Hamico - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Posco Energy - South Korea
- GVK Power & Infra Limited - India
- White Energy Company Limited
- Central Java Power - Indonesia
- Therma Luzon, Inc, Philippines
- Eastern Energy - Thailand
- Minerals Council of Australia
- CIMB Investment Bank - Malaysia
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
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