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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, 05 May 09
NEWCASTLE PORT'S WEEKLY COAL EXPORTS INCREASE - BLOOMBERG
COAL shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, rose 18 percent last week while the numb ...
Tuesday, 05 May 09
INDONESIA'S ADARO PAYS $78.6 MLN FOR COAL-BARGING FIRM - REUTERS
INDONESIA's largest coal producer by market value, PT Adaro Energy Tbk, said late on Monday it paid $78.6 million for a 74 percent stake in Orchard ...
Tuesday, 05 May 09
PHILIPPINES SEMIRARA STILL EXPECTS HIKE IN COAL SALES - BUSINESS MIRROR
DESPITE the anticipated soft demand resulting from the prevailing global financial crisis, the country’s largest coal producer Semirara Mining ...
Monday, 04 May 09
VISTAAR SINGAPORE SAYS, THIS MONTH DRY BULK FREIGHT LIKELY TO COME DOWN
COALspot.com (Singapore) - VISTAAR shipping Services Pte Limited of Singapore, said, the beginning of last week started with bit of weakness an ...
Monday, 04 May 09
PNOC-EC TO GROW COAL OPERATIONS - PHILIPPINE DAILY INQUIRER
LISTED firm Philippine National Oil Co.-Exploration Corp. plans to expand its operations this year to ensure the steady supply of coal and fur ...
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- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- Bharathi Cement Corporation - India
- Parry Sugars Refinery, India
- Parliament of New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- Samtan Co., Ltd - South Korea
- Trasteel International SA, Italy
- SN Aboitiz Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Dalmia Cement Bharat India
- MS Steel International - UAE
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Agrawal Coal Company - India
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- Marubeni Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- Globalindo Alam Lestari - Indonesia
- Australian Coal Association
- Chettinad Cement Corporation Ltd - India
- Energy Development Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- Wilmar Investment Holdings
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- Salva Resources Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- Manunggal Multi Energi - Indonesia
- Thiess Contractors Indonesia
- Holcim Trading Pte Ltd - Singapore
- Siam City Cement - Thailand
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Directorate Of Revenue Intelligence - India
- TeaM Sual Corporation - Philippines
- Goldman Sachs - Singapore
- Indian Oil Corporation Limited
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- The University of Queensland
- Global Coal Blending Company Limited - Australia
- Essar Steel Hazira Ltd - India
- The Treasury - Australian Government
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- Bayan Resources Tbk. - Indonesia
- PNOC Exploration Corporation - Philippines
- Lanco Infratech Ltd - India
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- Karaikal Port Pvt Ltd - India
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- Madhucon Powers Ltd - India
- Timah Investasi Mineral - Indoneisa
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Latin American Coal - Colombia
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Kumho Petrochemical, South Korea
- GVK Power & Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- Central Java Power - Indonesia
- Savvy Resources Ltd - HongKong
- Semirara Mining and Power Corporation, Philippines
- Videocon Industries ltd - India
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Power Finance Corporation Ltd., India
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Eastern Coal Council - USA
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Economic Council, Georgia
- Mercator Lines Limited - India
- Ministry of Mines - Canada
- Malabar Cements Ltd - India
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- Gujarat Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- The State Trading Corporation of India Ltd
- Barasentosa Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- White Energy Company Limited
- Port Waratah Coal Services - Australia
- Bhushan Steel Limited - India
- ICICI Bank Limited - India
- Sree Jayajothi Cements Limited - India
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Electricity Generating Authority of Thailand
- Mercuria Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Edison Trading Spa - Italy
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- Siam City Cement PLC, Thailand
- Antam Resourcindo - Indonesia
- CNBM International Corporation - China
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Mintek Dendrill Indonesia
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- Krishnapatnam Port Company Ltd. - India
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
- Maharashtra Electricity Regulatory Commission - India
- Oldendorff Carriers - Singapore
- Energy Link Ltd, New Zealand
- Maheswari Brothers Coal Limited - India
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- Xindia Steels Limited - India
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Simpson Spence & Young - Indonesia
- Semirara Mining Corp, Philippines
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- CIMB Investment Bank - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Jindal Steel & Power Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- Georgia Ports Authority, United States
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