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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, 12 June 12
ITACHA RESOURCES BUYS SARANA MARINE - INSIDER STORIES
Insider Stories reported that, coal mining company PT Itacha Resources, a joint venture between Anthoni Salim and Glenn Yusuf, announced that Itacha ...
Monday, 11 June 12
BAHANA FORECASTS THE COAL PRICES WILL FALL FURTHER
COALspot.com - Growing US coal supplies + low shipping costs = Asia as target.
According to Irwan Budiarto analyst at Bahana Securities, US ...
Monday, 11 June 12
ASIAN COAL TRADING COMMUNITY EMBRACES API 5 AND API 8
Press Release - The Asian coal trading community is embracing the API 5 and API 8 indexes for its swap contracts.
The API 5 index represents 5,50 ...
Sunday, 10 June 12
FREIGHT MARKET EXPECTED TO REMAIN WEAK FOR NEXT FEW WEEKS - VISTAAR
COALspot.com - The BDI continued to fall this week and down by 2.99 pct closing at 877 points.
The Cape index also was down by 5.78 pct closing a ...
Friday, 08 June 12
ESSAR ENERGY RECEIVES FINAL APPROVAL FOR INDONESIAN COAL BLOCK
COALspot.com - Essar Energy plc, the India-focused integrated energy company, today announced that it has received final ‘Pinjam Pakai’ ...
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- South Luzon Thermal Energy Corporation
- Cement Manufacturers Association - India
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- MS Steel International - UAE
- Jaiprakash Power Ventures ltd
- Grasim Industreis Ltd - India
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- LBH Netherlands Bv - Netherlands
- Essar Steel Hazira Ltd - India
- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- Salva Resources Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Maharashtra Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Electricity Generating Authority of Thailand
- Attock Cement Pakistan Limited
- Global Green Power PLC Corporation, Philippines
- Thai Mozambique Logistica
- GAC Shipping (India) Pvt Ltd
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Mercator Lines Limited - India
- ASAPP Information Group - India
- New Zealand Coal & Carbon
- Videocon Industries ltd - India
- Bukit Makmur.PT - Indonesia
- Semirara Mining and Power Corporation, Philippines
- London Commodity Brokers - England
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Semirara Mining Corp, Philippines
- Parry Sugars Refinery, India
- Binh Thuan Hamico - Vietnam
- Eastern Coal Council - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- Sarangani Energy Corporation, Philippines
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- AsiaOL BioFuels Corp., Philippines
- McConnell Dowell - Australia
- GMR Energy Limited - India
- Vizag Seaport Private Limited - India
- White Energy Company Limited
- Sree Jayajothi Cements Limited - India
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- Orica Mining Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Eastern Energy - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Economic Council, Georgia
- Romanian Commodities Exchange
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Mines - Canada
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Rio Tinto Coal - Australia
- Formosa Plastics Group - Taiwan
- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- GVK Power & Infra Limited - India
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- Kohat Cement Company Ltd. - Pakistan
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- European Bulk Services B.V. - Netherlands
- Aboitiz Power Corporation - Philippines
- Energy Development Corp, Philippines
- Tata Chemicals Ltd - India
- Agrawal Coal Company - India
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bhushan Steel Limited - India
- VISA Power Limited - India
- Africa Commodities Group - South Africa
- Kumho Petrochemical, South Korea
- Meralco Power Generation, Philippines
- Parliament of New Zealand
- Tamil Nadu electricity Board
- Samtan Co., Ltd - South Korea
- Indika Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Planning Commission, India
- Mintek Dendrill Indonesia
- Electricity Authority, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- Savvy Resources Ltd - HongKong
- SMC Global Power, Philippines
- Marubeni Corporation - India
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- International Coal Ventures Pvt Ltd - India
- Standard Chartered Bank - UAE
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
- Australian Commodity Traders Exchange
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Bhatia International Limited - India
- Minerals Council of Australia
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bharathi Cement Corporation - India
- Jindal Steel & Power Ltd - India
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- India Bulls Power Limited - India
- Coal and Oil Company - UAE
- Maheswari Brothers Coal Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CNBM International Corporation - China
- PNOC Exploration Corporation - Philippines
- Chettinad Cement Corporation Ltd - India
- Sakthi Sugars Limited - India
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- Indian Oil Corporation Limited
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- Power Finance Corporation Ltd., India
- Petrochimia International Co. Ltd.- Taiwan
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
- Singapore Mercantile Exchange
- Price Waterhouse Coopers - Russia
- Meenaskhi Energy Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Coalindo Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Kobexindo Tractors - Indoneisa
- Central Electricity Authority - India
- SMG Consultants - Indonesia
- The University of Queensland
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
- Medco Energi Mining Internasional
- Bukit Baiduri Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Anglo American - United Kingdom
- Iligan Light & Power Inc, Philippines
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Mjunction Services Limited - India
- Krishnapatnam Port Company Ltd. - India
- Goldman Sachs - Singapore
- The State Trading Corporation of India Ltd
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