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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, 25 April 09
KPC DEVELOPS EAST KALIMANTAN WITH GOVT - THE JAKARTA POST
Kaltim Prima Coal (KPC) focuses on several areas in its CSR projects to help the government increase the welfare of the community living around the ...
Friday, 24 April 09
NAPOCOR TO TENDER FOR 195,000 T COAL - ABS-CBNNEWS.COM
Top Philippine electricity producer National Power Corp. (Napocor) said on Friday it will hold a tender on May 20 to buy 195,000 tons of steam coal ...
Friday, 24 April 09
NTPC TO DELVE INTO CONTRACT MINING - ECONOMICTIMES
NTPC, India’s largest power producer, plans to cash in on its decades-old experience in handling coal mines by spinning off a separate u ...
Wednesday, 22 April 09
PROTECTED FORESTS FACING UNDERGROUND MINING THREAT - THE JAKARTA POST
The government is soon to issue a presidential regulation allowing mining companies to mine underground in protected forest areas, despite a recent ...
Tuesday, 21 April 09
MITRA RAJASA TO ACQUIRE TWO MINING COMPANIES - THE JAKARTA POST
PT Mitra Rajasa Tbk plans to acquire PT Realita Jaya Mandiri and PT Masindo Artha Resources in South Sumatra, which are worth around US$40 million.
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- Economic Council, Georgia
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Trasteel International SA, Italy
- Thiess Contractors Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Sical Logistics Limited - India
- CIMB Investment Bank - Malaysia
- Vizag Seaport Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- Sinarmas Energy and Mining - Indonesia
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Mercator Lines Limited - India
- Africa Commodities Group - South Africa
- Leighton Contractors Pty Ltd - Australia
- PTC India Limited - India
- MS Steel International - UAE
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- Standard Chartered Bank - UAE
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- Georgia Ports Authority, United States
- TeaM Sual Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- VISA Power Limited - India
- Romanian Commodities Exchange
- Electricity Generating Authority of Thailand
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
- Agrawal Coal Company - India
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- Indian Oil Corporation Limited
- The University of Queensland
- Global Coal Blending Company Limited - Australia
- ICICI Bank Limited - India
- Vedanta Resources Plc - India
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- Kepco SPC Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- Borneo Indobara - Indonesia
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- GVK Power & Infra Limited - India
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- ASAPP Information Group - India
- Pendopo Energi Batubara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Thai Mozambique Logistica
- AsiaOL BioFuels Corp., Philippines
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- Mintek Dendrill Indonesia
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- Meralco Power Generation, Philippines
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Authority, New Zealand
- India Bulls Power Limited - India
- Intertek Mineral Services - Indonesia
- Edison Trading Spa - Italy
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
- Parliament of New Zealand
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Indonesian Coal Mining Association
- Simpson Spence & Young - Indonesia
- International Coal Ventures Pvt Ltd - India
- Renaissance Capital - South Africa
- Petron Corporation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Central Electricity Authority - India
- Globalindo Alam Lestari - Indonesia
- Planning Commission, India
- Essar Steel Hazira Ltd - India
- White Energy Company Limited
- SMC Global Power, Philippines
- Minerals Council of Australia
- Videocon Industries ltd - India
- Bukit Makmur.PT - Indonesia
- Wilmar Investment Holdings
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
- Barasentosa Lestari - Indonesia
- Malabar Cements Ltd - India
- Ministry of Finance - Indonesia
- Ind-Barath Power Infra Limited - India
- Timah Investasi Mineral - Indoneisa
- Directorate Of Revenue Intelligence - India
- Bahari Cakrawala Sebuku - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Sojitz Corporation - Japan
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Power Finance Corporation Ltd., India
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Australian Commodity Traders Exchange
- Sree Jayajothi Cements Limited - India
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Lanco Infratech Ltd - India
- Oldendorff Carriers - Singapore
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Bayan Resources Tbk. - Indonesia
- Binh Thuan Hamico - Vietnam
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Dalmia Cement Bharat India
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Kumho Petrochemical, South Korea
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- Orica Mining Services - Indonesia
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- Singapore Mercantile Exchange
- Grasim Industreis Ltd - India
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Central Java Power - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Marubeni Corporation - India
- Parry Sugars Refinery, India
- Global Business Power Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Kobexindo Tractors - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
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