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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, 21 April 09
INDONESIAN GOVT TO ALLOW UNDERGROUND MINING IN PROTECTED FORESTS - THE JAKARTA POST
The government will issue a regulation allowing mining companies to carry out underground mining in protected forests.
"This regulation will ...
Tuesday, 21 April 09
INDONESIAN GOVT LIKELY TO MISS INVESTMENT TARGETS FOR ENERGY, MINING - THE JAKARTA POST
The total value of investments in energy and mining sectors by the end of the year is likely to be below the government’s target, as a result of ...
Monday, 20 April 09
INDONESIAN COAL MINING ASSOCIATION CALLED TO CONTROL MINERS - MAJALA TAMBANG
The Indonesian Coal Mining Association (ICMA) is called to expand its membership further in view of controlling the conduct of miners in the nationa ...
Monday, 20 April 09
BANPU PLANS TO SHIP 2 MLN T COAL TO CHINA IN 09 - REUTERS
Banpu, Thailand's largest coal miner, plans to increase coal shipments to China by about 30 percent to 2 million tonnes in 2009, company officials ...
Monday, 20 April 09
INDO TAMBANGRAYA 2009 OUTPUT TO GO UP 16% - THE JAKARTA POST
Indonesia's third largest coal producer, publicly listed PT Indo Tambangraya Megah (ITM), is targeting to raise production by 16 percent this year ...
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- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- CIMB Investment Bank - Malaysia
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Barasentosa Lestari - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Global Coal Blending Company Limited - Australia
- Standard Chartered Bank - UAE
- Bulk Trading Sa - Switzerland
- IHS Mccloskey Coal Group - USA
- Sojitz Corporation - Japan
- Bukit Makmur.PT - Indonesia
- Kepco SPC Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Star Paper Mills Limited - India
- Larsen & Toubro Limited - India
- VISA Power Limited - India
- Merrill Lynch Commodities Europe
- GN Power Mariveles Coal Plant, Philippines
- Indogreen Group - Indonesia
- Orica Australia Pty. Ltd.
- Energy Development Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Binh Thuan Hamico - Vietnam
- Essar Steel Hazira Ltd - India
- Indo Tambangraya Megah - Indonesia
- Eastern Energy - Thailand
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Rio Tinto Coal - Australia
- Straits Asia Resources Limited - Singapore
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Green Power PLC Corporation, Philippines
- Antam Resourcindo - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- SMC Global Power, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Mercator Lines Limited - India
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Sical Logistics Limited - India
- Siam City Cement - Thailand
- Bayan Resources Tbk. - Indonesia
- Formosa Plastics Group - Taiwan
- Kartika Selabumi Mining - Indonesia
- Aditya Birla Group - India
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Indonesian Coal Mining Association
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- MS Steel International - UAE
- Medco Energi Mining Internasional
- Samtan Co., Ltd - South Korea
- Neyveli Lignite Corporation Ltd, - India
- Leighton Contractors Pty Ltd - Australia
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- SMG Consultants - Indonesia
- Toyota Tsusho Corporation, Japan
- Indian Energy Exchange, India
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- Alfred C Toepfer International GmbH - Germany
- Commonwealth Bank - Australia
- The Treasury - Australian Government
- OPG Power Generation Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- IEA Clean Coal Centre - UK
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- Attock Cement Pakistan Limited
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- Uttam Galva Steels Limited - India
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Electricity Generating Authority of Thailand
- Holcim Trading Pte Ltd - Singapore
- Therma Luzon, Inc, Philippines
- Cement Manufacturers Association - India
- Asmin Koalindo Tuhup - Indonesia
- Videocon Industries ltd - India
- Meenaskhi Energy Private Limited - India
- Wilmar Investment Holdings
- The State Trading Corporation of India Ltd
- Savvy Resources Ltd - HongKong
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- International Coal Ventures Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- TeaM Sual Corporation - Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Link Ltd, New Zealand
- The University of Queensland
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Intertek Mineral Services - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- San Jose City I Power Corp, Philippines
- Ambuja Cements Ltd - India
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- Renaissance Capital - South Africa
- Madhucon Powers Ltd - India
- Posco Energy - South Korea
- ASAPP Information Group - India
- Australian Coal Association
- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- Central Java Power - Indonesia
- Oldendorff Carriers - Singapore
- Electricity Authority, New Zealand
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- PowerSource Philippines DevCo
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- Ministry of Transport, Egypt
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- Altura Mining Limited, Indonesia
- Tamil Nadu electricity Board
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- Salva Resources Pvt Ltd - India
- Minerals Council of Australia
- Thai Mozambique Logistica
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- Sree Jayajothi Cements Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
- Australian Commodity Traders Exchange
- Makarim & Taira - Indonesia
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- Maharashtra Electricity Regulatory Commission - India
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- Bharathi Cement Corporation - India
- Deloitte Consulting - India
- Independent Power Producers Association of India
- Bhatia International Limited - India
- Parliament of New Zealand
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- Planning Commission, India
- Romanian Commodities Exchange
- CNBM International Corporation - China
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