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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, 02 May 09
BUMI'S FIRST-QUARTER PROFIT RISES 21% ON COAL PRICE - BLOOMBERG
PT BUMI RESOURCES, Asia’s biggest exporter of power-station coal, said first-quarter profit rose 21 percent after it earned higher prices for ...
Saturday, 02 May 09
COAL PRICES TO RISE ON CHINESE SUPPLY, INDIAN DEMAND, UBS SAYS
Peter Hickson, an analyst with UBS AG in London, comments on prices for thermal coal, burned to generate power. He commented in a report today.
& ...
Friday, 01 May 09
DEUTSCHE, BECKKETT CLAIMING ADARO WIN - THE JAKARTA GLOBE
Both Deutsche Bank AG and Beckkett, an investment firm controlled by Indonesian tycoon Sukanto Tanoto, claimed victory on Tuesday after Singapore&rs ...
Wednesday, 29 April 09
BAYAN READY TO OPERATE WORLD'S LARGEST COAL QUALITY IMPROVEMENT FACILITY - MAJALAH TAMBANG
PT. Bayan Resources Tbk. (hereinafter referred to as Bayan), an Indonesian coal manufacturer, announced that they are ready to operate the world's ...
Wednesday, 29 April 09
NEW GOV'T REGULATION SHOULD INCORPORATE CONFLICT SETTLEMENT BODY - ICMA (MAJALAH TAMBANG)
A draft government regulation on mineral and coal is currently in a process of completion. The Indonesian Coal Mining Association (ICMA) proposed th ...
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- Kalimantan Lumbung Energi - Indonesia
- Power Finance Corporation Ltd., India
- Cement Manufacturers Association - India
- Thai Mozambique Logistica
- Ministry of Transport, Egypt
- Mercator Lines Limited - India
- Sinarmas Energy and Mining - Indonesia
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- Altura Mining Limited, Indonesia
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- Global Coal Blending Company Limited - Australia
- Electricity Generating Authority of Thailand
- Leighton Contractors Pty Ltd - Australia
- Lanco Infratech Ltd - India
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Sakthi Sugars Limited - India
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- Baramulti Group, Indonesia
- Simpson Spence & Young - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Videocon Industries ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Thiess Contractors Indonesia
- San Jose City I Power Corp, Philippines
- Riau Bara Harum - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
- Commonwealth Bank - Australia
- IEA Clean Coal Centre - UK
- Deloitte Consulting - India
- Sarangani Energy Corporation, Philippines
- Sical Logistics Limited - India
- LBH Netherlands Bv - Netherlands
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- Orica Australia Pty. Ltd.
- Alfred C Toepfer International GmbH - Germany
- Indonesian Coal Mining Association
- ICICI Bank Limited - India
- OPG Power Generation Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Barasentosa Lestari - Indonesia
- Bhushan Steel Limited - India
- Gujarat Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Bhoruka Overseas - Indonesia
- Economic Council, Georgia
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Anglo American - United Kingdom
- CNBM International Corporation - China
- Intertek Mineral Services - Indonesia
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Petrochimia International Co. Ltd.- Taiwan
- Salva Resources Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Australian Coal Association
- Banpu Public Company Limited - Thailand
- Orica Mining Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- PTC India Limited - India
- Edison Trading Spa - Italy
- Straits Asia Resources Limited - Singapore
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- The State Trading Corporation of India Ltd
- Eastern Coal Council - USA
- Posco Energy - South Korea
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- Indogreen Group - Indonesia
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Kapuas Tunggal Persada - Indonesia
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Minerals Council of Australia
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- Siam City Cement PLC, Thailand
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- ASAPP Information Group - India
- Malabar Cements Ltd - India
- Standard Chartered Bank - UAE
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- Electricity Authority, New Zealand
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- Wilmar Investment Holdings
- Marubeni Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Bukit Makmur.PT - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- South Luzon Thermal Energy Corporation
- Miang Besar Coal Terminal - Indonesia
- Binh Thuan Hamico - Vietnam
- Kobexindo Tractors - Indoneisa
- Indian Oil Corporation Limited
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Georgia Ports Authority, United States
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
- Ministry of Mines - Canada
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Madhucon Powers Ltd - India
- Aditya Birla Group - India
- Borneo Indobara - Indonesia
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- The University of Queensland
- Tata Chemicals Ltd - India
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- Grasim Industreis Ltd - India
- Krishnapatnam Port Company Ltd. - India
- GMR Energy Limited - India
- London Commodity Brokers - England
- Ambuja Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Ministry of Finance - Indonesia
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- VISA Power Limited - India
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- Holcim Trading Pte Ltd - Singapore
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Maheswari Brothers Coal Limited - India
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- SMG Consultants - Indonesia
- Central Electricity Authority - India
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- PNOC Exploration Corporation - Philippines
- White Energy Company Limited
- Energy Link Ltd, New Zealand
- Merrill Lynch Commodities Europe
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Interocean Group of Companies - India
- Therma Luzon, Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- Mercuria Energy - Indonesia
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