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

Wednesday, 01 July 09
COAL INDIA SEEKS FASTER APPROVALS, IMPORTS, OVERSEAS MINERS
Coal India Ltd., the world’s biggest coal producer, wants mining approvals sped up to help it boost production to meet a widening supply short ...


Tuesday, 30 June 09
ARCELORMITTAL, RIO, 8 OTHERS VIE FOR COAL INDIA MINES
Coal India Ltd. short-listed ArcelorMittal, Rio Tinto Group and eight other companies to develop its abandoned mines to help ease a shortage of coal ...


Monday, 29 June 09
INDONESIA PLANS 20 PCT FOREIGN MINING SALE LAW
Indonesia plans to require foreign investors in mining firms to gradually divest shares starting from the fifth year of commercial production, but m ...


Monday, 29 June 09
CHINA ENJOYS STABLE COAL ECONOMY IN THE FIRST FIVE MONTHS OF 2009
In the first five months of the year, China's raw coal production had continued to rise, and coal market stayed in a balance in terms of supply-dem ...


Monday, 29 June 09
GOVERNMENT FINE TUNES MINING LAW
The government is planning to require all foreign-owned mining companies to divest 20 percent of their businesses to local entities after five years ...


   1327 1328 1329 1330 1331   
Showing 6641 to 6645 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 ...

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