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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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Saturday, 06 June 09
IS THE RECESSION OVER ? - CAPT. REDDY, VISTAAR SHIPPING
COALspot.com (Singapore): Is the recession over, that is what most analysts think and seems so from the Baltic Index rally and firm commodity ...
Saturday, 06 June 09
COAL PRICE HIT RECORD ON STRONG CHINA DEMAND - INVESTMENT WATCH
Investment watch reported that, “Coal price hit a new high of over $72 a tonne at Australia’s Newcastle Port, a benchmark for Asia, spur ...
Friday, 05 June 09
CEMENT INDUSTRY NEEDS POLICY ON FLY ASH
H.M. Bangur, President of Cement Manufacturers' Association, on the objectives and economic impact of the proposed national policy on utilisation o ...
Thursday, 04 June 09
PAKISTAN TO IMPORT MORE COAL FROM INDONESIA - SEATRADE
COALspot.com (Pakistan): Richards bay to Pakistan sea freight has touched US$ 20.00 for 40,000/10 pct steam size in June 2009. South African c ...
Thursday, 04 June 09
CHINA'S SHANXI PROVINCE CONSIDERS COAL FUTURES BOURSE - MINE WEB
Mine Web reported that, China hopes to establish a coal futures exchange to obtain more rights on international pricing.
China's largest coal pr ...
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- PTC India Limited - India
- Eastern Energy - Thailand
- SN Aboitiz Power Inc, Philippines
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- Merrill Lynch Commodities Europe
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- Trasteel International SA, Italy
- Wilmar Investment Holdings
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- Bank of Tokyo Mitsubishi UFJ Ltd
- Thiess Contractors Indonesia
- Energy Link Ltd, New Zealand
- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- Tata Chemicals Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Deloitte Consulting - India
- Sree Jayajothi Cements Limited - India
- Sojitz Corporation - Japan
- Star Paper Mills Limited - India
- Mercator Lines Limited - India
- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- Renaissance Capital - South Africa
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Economic Council, Georgia
- Baramulti Group, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Jorong Barutama Greston.PT - Indonesia
- Bhoruka Overseas - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
- Pendopo Energi Batubara - Indonesia
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Sindya Power Generating Company Private Ltd
- Kobexindo Tractors - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Meralco Power Generation, Philippines
- Aboitiz Power Corporation - Philippines
- The University of Queensland
- ICICI Bank Limited - India
- Aditya Birla Group - India
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Neyveli Lignite Corporation Ltd, - India
- IEA Clean Coal Centre - UK
- Rashtriya Ispat Nigam Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- AsiaOL BioFuels Corp., Philippines
- Central Java Power - Indonesia
- Global Business Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- South Luzon Thermal Energy Corporation
- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
- GN Power Mariveles Coal Plant, Philippines
- Leighton Contractors Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- SMC Global Power, Philippines
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Holcim Trading Pte Ltd - Singapore
- Grasim Industreis Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GVK Power & Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Xindia Steels Limited - India
- Electricity Authority, New Zealand
- Indogreen Group - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- Indian Energy Exchange, India
- TeaM Sual Corporation - Philippines
- Indian Oil Corporation Limited
- VISA Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Jaiprakash Power Ventures ltd
- The State Trading Corporation of India Ltd
- Parliament of New Zealand
- Siam City Cement - Thailand
- Billiton Holdings Pty Ltd - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Kohat Cement Company Ltd. - Pakistan
- Bukit Baiduri Energy - Indonesia
- Carbofer General Trading SA - India
- San Jose City I Power Corp, Philippines
- Kideco Jaya Agung - Indonesia
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- Anglo American - United Kingdom
- Goldman Sachs - Singapore
- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Directorate Of Revenue Intelligence - India
- Australian Commodity Traders Exchange
- Bhatia International Limited - India
- Sakthi Sugars Limited - India
- Iligan Light & Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- Dalmia Cement Bharat India
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- Interocean Group of Companies - India
- Vizag Seaport Private Limited - India
- Antam Resourcindo - Indonesia
- Banpu Public Company Limited - Thailand
- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- Price Waterhouse Coopers - Russia
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- New Zealand Coal & Carbon
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Planning Commission, India
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- Borneo Indobara - Indonesia
- Electricity Generating Authority of Thailand
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Meenaskhi Energy Private Limited - India
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Karaikal Port Pvt Ltd - India
- Mercuria Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- Videocon Industries ltd - India
- Riau Bara Harum - Indonesia
- Kepco SPC Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kartika Selabumi Mining - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
- Makarim & Taira - Indonesia
- Tamil Nadu electricity Board
- Larsen & Toubro Limited - India
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Uttam Galva Steels Limited - India
- Samtan Co., Ltd - South Korea
- Timah Investasi Mineral - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Bukit Makmur.PT - Indonesia
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- GAC Shipping (India) Pvt Ltd
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