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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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Wednesday, 27 May 09
NEWCASTLE PORT'S WEEKLY COAL EXPORTS INCREASE 3.6% - BLOOMBERG
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, rose 3.6 percent last week while the num ...
Wednesday, 27 May 09
EUROPEAN COAL PRICES FOR 2010 SETTLEMENT DROP TO 11-DAY LOW - BLOOMBERG
Benchmark European coal derivatives declined to an 11-day low as oil prices slumped.
Coal for delivery to Amsterdam, Rotterdam or Antwerp with se ...
Tuesday, 26 May 09
NEW MINING PERMITS TO BE OBTAINABLE WITHIN TWO WEEKS' TIME - MAJALAHTAMBANG
The Indonesian government is currently formulating a procedure for companies willing to obtain mining permits (IUP in its Indonesian abbreviation). ...
Tuesday, 26 May 09
KADIN CALLS FOR BIGGER RECOGNITION OF MINING SECTOR - MAJALAHTAMBANG
The Indonesian Chamber of Commerce and Industry (KADIN Indonesia) had called other sectors, particularly the forestry and the land administration se ...
Tuesday, 26 May 09
TUTICORIN PORT TO INVEST RS 700CR FOR COAL HANDLING FACILITIES
Business Standard reported that, The Tuticorin Port will develop coal handling facilities for state-run Neyveli Lignite Corporation (NLC) and Coasta ...
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- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- Vizag Seaport Private Limited - India
- Mintek Dendrill Indonesia
- Star Paper Mills Limited - India
- South Luzon Thermal Energy Corporation
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- SMC Global Power, Philippines
- The State Trading Corporation of India Ltd
- Binh Thuan Hamico - Vietnam
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Madhucon Powers Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Makarim & Taira - Indonesia
- Thiess Contractors Indonesia
- Latin American Coal - Colombia
- Videocon Industries ltd - India
- Planning Commission, India
- PNOC Exploration Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Kobexindo Tractors - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- ASAPP Information Group - India
- Kapuas Tunggal Persada - Indonesia
- McConnell Dowell - Australia
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- The University of Queensland
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- Semirara Mining and Power Corporation, Philippines
- Meenaskhi Energy Private Limited - India
- Sical Logistics Limited - India
- Energy Development Corp, Philippines
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Chamber of Mines of South Africa
- Cigading International Bulk Terminal - Indonesia
- Wood Mackenzie - Singapore
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Intertek Mineral Services - Indonesia
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- Sarangani Energy Corporation, Philippines
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- White Energy Company Limited
- Agrawal Coal Company - India
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- Malabar Cements Ltd - India
- GMR Energy Limited - India
- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Anglo American - United Kingdom
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- Xindia Steels Limited - India
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- Power Finance Corporation Ltd., India
- Petrochimia International Co. Ltd.- Taiwan
- Vedanta Resources Plc - India
- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- The Treasury - Australian Government
- Romanian Commodities Exchange
- GN Power Mariveles Coal Plant, Philippines
- Karaikal Port Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Mining Services - Indonesia
- Indian Energy Exchange, India
- Altura Mining Limited, Indonesia
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Iligan Light & Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Merrill Lynch Commodities Europe
- Singapore Mercantile Exchange
- Economic Council, Georgia
- Mercuria Energy - Indonesia
- Energy Link Ltd, New Zealand
- Gujarat Sidhee Cement - India
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
- Timah Investasi Mineral - Indoneisa
- Coalindo Energy - Indonesia
- Siam City Cement PLC, Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Australian Coal Association
- Mjunction Services Limited - India
- Commonwealth Bank - Australia
- Borneo Indobara - Indonesia
- Indika Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Bangladesh Power Developement Board
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- New Zealand Coal & Carbon
- Bukit Makmur.PT - Indonesia
- Coastal Gujarat Power Limited - India
- VISA Power Limited - India
- Sindya Power Generating Company Private Ltd
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Cement Manufacturers Association - India
- Georgia Ports Authority, United States
- Aditya Birla Group - India
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Salva Resources Pvt Ltd - India
- Eastern Energy - Thailand
- Standard Chartered Bank - UAE
- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- AsiaOL BioFuels Corp., Philippines
- Marubeni Corporation - India
- International Coal Ventures Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Renaissance Capital - South Africa
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- Essar Steel Hazira Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- Posco Energy - South Korea
- Maheswari Brothers Coal Limited - India
- Dalmia Cement Bharat India
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kepco SPC Power Corporation, Philippines
- CNBM International Corporation - China
- Asmin Koalindo Tuhup - Indonesia
- Trasteel International SA, Italy
- Kohat Cement Company Ltd. - Pakistan
- Bharathi Cement Corporation - India
- Electricity Generating Authority of Thailand
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- Straits Asia Resources Limited - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Coal Council - USA
- Toyota Tsusho Corporation, Japan
- Petron Corporation, Philippines
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- Banpu Public Company Limited - Thailand
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
- Indo Tambangraya Megah - Indonesia
- Miang Besar Coal Terminal - Indonesia
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