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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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Tuesday, 02 June 09
ADARO MAY RAISE COAL SALES TO CHINA, INDIA PLANTS - THE JAKARTA GLOBE
PT Adaro Energy, the country’s second-largest coal producer, may increase sales of power-plant coal to China and India on signs of a global ec ...
Monday, 01 June 09
LAHAT RELIES ON COAL FOR GROWTH
Lahat regency in South Sumatra spans 6,618.27 square kilometers, encompasses 19 districts and covers 528 subdistricts and villages. It is inhabited ...
Monday, 01 June 09
LANDED COST OF IMPORTED COAL HAS INCREASED BY 10 - 15% COMPARE TO EARLY THIS YEAR - PAKISTAN TRADERS
COALspot.com (Pakistan): Due to visiting non commercial vessels occupied commercial berths in Karachi port, coal carrying vessels were sufferi ...
Monday, 01 June 09
LAHAT RELIES ON COAL FOR GROWTH - THE JAKARTA POST
Lahat regency in South Sumatra spans 6,618.27 square kilometers, encompasses 19 districts and covers 528 subdistricts and villages. It is inhabited ...
Saturday, 30 May 09
THE CHINESE IMPORTS OF IRON ORE,COAL AND NICKEL ORE SEEMED TO BE STEADY - VISTAAR SINGAPORE
COALspot.com (Singapore): VISTAAR Shipping Pte Limited, an experienced ship operator from Singapore,said, the Baltic index rally continued this week ...
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- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Kideco Jaya Agung - Indonesia
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- VISA Power Limited - India
- European Bulk Services B.V. - Netherlands
- Baramulti Group, Indonesia
- Indonesian Coal Mining Association
- LBH Netherlands Bv - Netherlands
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- Bhushan Steel Limited - India
- Indo Tambangraya Megah - Indonesia
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tata Chemicals Ltd - India
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- Merrill Lynch Commodities Europe
- Wilmar Investment Holdings
- Chettinad Cement Corporation Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- Meralco Power Generation, Philippines
- Barasentosa Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indogreen Group - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Tamil Nadu electricity Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhatia International Limited - India
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- Australian Coal Association
- Coastal Gujarat Power Limited - India
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- Interocean Group of Companies - India
- Attock Cement Pakistan Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Oldendorff Carriers - Singapore
- SN Aboitiz Power Inc, Philippines
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- GAC Shipping (India) Pvt Ltd
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Ministry of Mines - Canada
- Petron Corporation, Philippines
- ASAPP Information Group - India
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Indian Energy Exchange, India
- Star Paper Mills Limited - India
- Parliament of New Zealand
- Electricity Authority, New Zealand
- Essar Steel Hazira Ltd - India
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- Standard Chartered Bank - UAE
- Kapuas Tunggal Persada - Indonesia
- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- Chamber of Mines of South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- CIMB Investment Bank - Malaysia
- Latin American Coal - Colombia
- Manunggal Multi Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Georgia Ports Authority, United States
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Bulk Trading Sa - Switzerland
- Renaissance Capital - South Africa
- IHS Mccloskey Coal Group - USA
- Pendopo Energi Batubara - Indonesia
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- Planning Commission, India
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Kumho Petrochemical, South Korea
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- Siam City Cement - Thailand
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- Banpu Public Company Limited - Thailand
- Mintek Dendrill Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Kepco SPC Power Corporation, Philippines
- Edison Trading Spa - Italy
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Aditya Birla Group - India
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- The University of Queensland
- Thiess Contractors Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bangladesh Power Developement Board
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Aboitiz Power Corporation - Philippines
- ICICI Bank Limited - India
- Australian Commodity Traders Exchange
- Gujarat Sidhee Cement - India
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining Corp, Philippines
- Agrawal Coal Company - India
- Sical Logistics Limited - India
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- Coal and Oil Company - UAE
- Economic Council, Georgia
- Orica Mining Services - Indonesia
- Mercuria Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Salva Resources Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Romanian Commodities Exchange
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Vedanta Resources Plc - India
- Sarangani Energy Corporation, Philippines
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Xindia Steels Limited - India
- Larsen & Toubro Limited - India
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- Toyota Tsusho Corporation, Japan
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Rio Tinto Coal - Australia
- Port Waratah Coal Services - Australia
- Ind-Barath Power Infra Limited - India
- CNBM International Corporation - China
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- PowerSource Philippines DevCo
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- Simpson Spence & Young - Indonesia
- Heidelberg Cement - Germany
- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Indika Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Lanco Infratech Ltd - India
- McConnell Dowell - Australia
- Kohat Cement Company Ltd. - Pakistan
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