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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, 12 June 09
MERCATOR LINES TARGETS 30 MILLION TONNE FROM MOZAMBIQUE COAL MINE - STEEL GURU
India’s second largest private shipping company Mercator Lines has targeted production of 30 million tonnes of coal from its Mozambique mine o ...
Friday, 12 June 09
THERMAL COAL PRICE REMAINS STABLE IN SHANXI - STEEL GURU
It is reported that coming into June, no major changes are seen in coal supply-demand relations in Shanxi province. Statistics of Qinhuangdao port, ...
Thursday, 11 June 09
PT NALCO PLANS TO CONSTRUCT COAL-FIRED POWER PLANT IN SOUTH SUMATRA - ENERGY BUSINESS REVIEW
PT Nalco (National Aluminium Company Limited), an Indian-based company, plans to construct a coal-fired power plant in South Sumatra. The company in ...
Thursday, 11 June 09
COAL PRODUCERS TO SEE BOOST IN DEMAND FROM ASIA PACIFIC - JAKARTA POST
The Jakarta Post reported that, at the recent 15th Coaltrans conference in Bali, we noted concerns related to rising oil prices at a faster pace tha ...
Wednesday, 10 June 09
BHP TO CUT 450 JOBS AT INDONESIAN COAL PROJECT - REUTERS
Reuters reported that, BHP Billiton Ltd will lay off all 450 workers at its Indonesian coal project after deciding not to go ahead with the pr ...
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- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- Sinarmas Energy and Mining - Indonesia
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- Posco Energy - South Korea
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Oldendorff Carriers - Singapore
- GVK Power & Infra Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Australian Coal Association
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Marubeni Corporation - India
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- Samtan Co., Ltd - South Korea
- London Commodity Brokers - England
- International Coal Ventures Pvt Ltd - India
- Makarim & Taira - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Goldman Sachs - Singapore
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- Ambuja Cements Ltd - India
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Commonwealth Bank - Australia
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- Eastern Coal Council - USA
- Orica Mining Services - Indonesia
- Deloitte Consulting - India
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Toyota Tsusho Corporation, Japan
- SMC Global Power, Philippines
- Cigading International Bulk Terminal - Indonesia
- McConnell Dowell - Australia
- Romanian Commodities Exchange
- ASAPP Information Group - India
- Grasim Industreis Ltd - India
- New Zealand Coal & Carbon
- Petron Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Edison Trading Spa - Italy
- Latin American Coal - Colombia
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- Star Paper Mills Limited - India
- Simpson Spence & Young - Indonesia
- Energy Link Ltd, New Zealand
- Central Electricity Authority - India
- Tata Chemicals Ltd - India
- Savvy Resources Ltd - HongKong
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
- Kartika Selabumi Mining - Indonesia
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Larsen & Toubro Limited - India
- Bhushan Steel Limited - India
- Sree Jayajothi Cements Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Meralco Power Generation, Philippines
- LBH Netherlands Bv - Netherlands
- Renaissance Capital - South Africa
- White Energy Company Limited
- ICICI Bank Limited - India
- Bukit Makmur.PT - Indonesia
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Singapore Mercantile Exchange
- Port Waratah Coal Services - Australia
- Karbindo Abesyapradhi - Indoneisa
- Minerals Council of Australia
- The State Trading Corporation of India Ltd
- Indian Energy Exchange, India
- Coalindo Energy - Indonesia
- Ministry of Finance - Indonesia
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- Georgia Ports Authority, United States
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Semirara Mining and Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Jorong Barutama Greston.PT - Indonesia
- Power Finance Corporation Ltd., India
- TNB Fuel Sdn Bhd - Malaysia
- Altura Mining Limited, Indonesia
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Eastern Energy - Thailand
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- Maheswari Brothers Coal Limited - India
- Chettinad Cement Corporation Ltd - India
- San Jose City I Power Corp, Philippines
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Carbofer General Trading SA - India
- Energy Development Corp, Philippines
- Uttam Galva Steels Limited - India
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Sakthi Sugars Limited - India
- Mjunction Services Limited - India
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- The University of Queensland
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
- Anglo American - United Kingdom
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- Merrill Lynch Commodities Europe
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Economic Council, Georgia
- European Bulk Services B.V. - Netherlands
- Semirara Mining Corp, Philippines
- Australian Commodity Traders Exchange
- Jaiprakash Power Ventures ltd
- Aditya Birla Group - India
- Interocean Group of Companies - India
- Kohat Cement Company Ltd. - Pakistan
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Kideco Jaya Agung - Indonesia
- Antam Resourcindo - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bharathi Cement Corporation - India
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- Formosa Plastics Group - Taiwan
- Gujarat Sidhee Cement - India
- Bulk Trading Sa - Switzerland
- Indogreen Group - Indonesia
- Planning Commission, India
- Meenaskhi Energy Private Limited - India
- Therma Luzon, Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Coal and Oil Company - UAE
- CNBM International Corporation - China
- Bhatia International Limited - India
- Xindia Steels Limited - India
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- Global Green Power PLC Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Vizag Seaport Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- IEA Clean Coal Centre - UK
- Sarangani Energy Corporation, Philippines
- Thai Mozambique Logistica
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