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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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Thursday, 18 June 09
GERMAN COAL BUYERS SEE LOWER IMPORTS, PRICES
* Coal imports and prices fall as steel industry slumps
* Coal industry grapples with carbon polluter image
German imports of hard coal are like ...
Thursday, 18 June 09
INDIKA GETS APPROVAL ON PETROSEA ACQUISITION
PT Indika Energy, the country’s third-biggest miner, said on Wednesday that its shareholders had approved its plan to acquire an 81.95 percent ...
Thursday, 18 June 09
MORE FUNDS FOR COAL VIDESH ASSET BUY
The government plans to let Coal Videsh, a subsidiary of Coal India, have more than Rs 1,000 crore at its disposal to shop for assets abroad.
&ld ...
Wednesday, 17 June 09
MINE EXPLOSION'S DEATH TOLL HITS 30 - (UPDATE 1 )
Search and rescue workers have discovered the bodies of 30 miners who were killed in a coal mine explosion in the West Sumatra regency of Sawahlunto ...
Wednesday, 17 June 09
S.KOREA UTILITIES INK '09 COAL CONTRACTS WITH CHINA
* S.Korea to buy 3 mln tonnes of coal from China at $78.50/T
* Talks between individual power firms and miners ongoing
South Korean utilities ...
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- Star Paper Mills Limited - India
- Cigading International Bulk Terminal - Indonesia
- Directorate Of Revenue Intelligence - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kohat Cement Company Ltd. - Pakistan
- Timah Investasi Mineral - Indoneisa
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- VISA Power Limited - India
- Parliament of New Zealand
- Rio Tinto Coal - Australia
- McConnell Dowell - Australia
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Jaiprakash Power Ventures ltd
- Kideco Jaya Agung - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- London Commodity Brokers - England
- Leighton Contractors Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Sidhee Cement - India
- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Sree Jayajothi Cements Limited - India
- Indika Energy - Indonesia
- Grasim Industreis Ltd - India
- International Coal Ventures Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Energy Link Ltd, New Zealand
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- Ministry of Finance - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Banpu Public Company Limited - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Standard Chartered Bank - UAE
- Anglo American - United Kingdom
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- Economic Council, Georgia
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- Bangladesh Power Developement Board
- Karaikal Port Pvt Ltd - India
- Singapore Mercantile Exchange
- Australian Commodity Traders Exchange
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Coal Council - USA
- Trasteel International SA, Italy
- Thiess Contractors Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- Price Waterhouse Coopers - Russia
- Uttam Galva Steels Limited - India
- ASAPP Information Group - India
- Larsen & Toubro Limited - India
- Thai Mozambique Logistica
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Rashtriya Ispat Nigam Limited - India
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
- Mercuria Energy - Indonesia
- Minerals Council of Australia
- PTC India Limited - India
- Globalindo Alam Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Attock Cement Pakistan Limited
- Kalimantan Lumbung Energi - Indonesia
- IHS Mccloskey Coal Group - USA
- Port Waratah Coal Services - Australia
- Oldendorff Carriers - Singapore
- Planning Commission, India
- Petron Corporation, Philippines
- Makarim & Taira - Indonesia
- Chamber of Mines of South Africa
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- Energy Development Corp, Philippines
- Semirara Mining Corp, Philippines
- Riau Bara Harum - Indonesia
- Global Green Power PLC Corporation, Philippines
- Jindal Steel & Power Ltd - India
- South Luzon Thermal Energy Corporation
- Africa Commodities Group - South Africa
- SMC Global Power, Philippines
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Sarangani Energy Corporation, Philippines
- Malabar Cements Ltd - India
- Australian Coal Association
- Semirara Mining and Power Corporation, Philippines
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- Electricity Authority, New Zealand
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Georgia Ports Authority, United States
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- Coal and Oil Company - UAE
- GMR Energy Limited - India
- The Treasury - Australian Government
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- Indo Tambangraya Megah - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Tamil Nadu electricity Board
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bayan Resources Tbk. - Indonesia
- Borneo Indobara - Indonesia
- Aditya Birla Group - India
- Central Java Power - Indonesia
- Posco Energy - South Korea
- Ministry of Transport, Egypt
- Gujarat Electricity Regulatory Commission - India
- Kaltim Prima Coal - Indonesia
- PowerSource Philippines DevCo
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- Iligan Light & Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Power Finance Corporation Ltd., India
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- Bukit Baiduri Energy - Indonesia
- Simpson Spence & Young - Indonesia
- TeaM Sual Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- Billiton Holdings Pty Ltd - Australia
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- India Bulls Power Limited - India
- CNBM International Corporation - China
- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- LBH Netherlands Bv - Netherlands
- Mercator Lines Limited - India
- Aboitiz Power Corporation - Philippines
- Mintek Dendrill Indonesia
- Wood Mackenzie - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Essar Steel Hazira Ltd - India
- ICICI Bank Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ambuja Cements Ltd - India
- CIMB Investment Bank - Malaysia
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- GVK Power & Infra Limited - India
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- Therma Luzon, Inc, Philippines
- Coalindo Energy - Indonesia
- MS Steel International - UAE
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- Sindya Power Generating Company Private Ltd
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
- PNOC Exploration Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
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