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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, 01 May 12
VIETNAM FEARS IT MAY NOT SEEK COAL SUPPLIES - TBKTSG / VIETNAMNET BRIDGE
TBKTSG / VietNamNet Bridge reported that, with five coal-run thermopower plants under construction, PetroVietnam alone would need 18 million tons of ...
Sunday, 29 April 12
THE FREIGHT MARKET EXPECTED TO BE STEADY NEXT WEEK - VISTAAR
COALspot.com - The BDI continued to go up with the support of Panamax/Supramax and was up by 8.34 pct closing at 1,156 points.
The cape index was ...
Sunday, 29 April 12
INDONESIAN SUB-BITUMINOUS COAL SWAPS FOR MAY 2012 DELIVERY WAS STABLE THIS WEEK
COALspot.com - Indonesian sub-bituminous coal swaps for May deliveries stable this week, according to DSP of SGX AsiaClear OTC Coal Swaps. In the me ...
Friday, 27 April 12
BUKIT ASAMS NET INCOME UP 14% IN 1Q 2012 (UNAUDITED)
Press Release - PT Bukit Asam (Persero) Tbk, announced the Consolidated Financial Statements and Subsidiaries per 31 March 2012 (Unaudited).
Reve ...
Thursday, 26 April 12
AUSTRALIAS COKAL EXPANDS MET COAL POTENTIAL INTO WEST KALIMANTAN
COALspot.com - Global metallurgical coal group Cokal Limited (Cokal) (ASX:CKA) announced today it has completed the acquisition of 75.2% of PT Silan ...
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- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Indika Energy - Indonesia
- White Energy Company Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Sidhee Cement - India
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- Ind-Barath Power Infra Limited - India
- CIMB Investment Bank - Malaysia
- ASAPP Information Group - India
- Indonesian Coal Mining Association
- Marubeni Corporation - India
- IEA Clean Coal Centre - UK
- Mercator Lines Limited - India
- Mercuria Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Medco Energi Mining Internasional
- SMC Global Power, Philippines
- Latin American Coal - Colombia
- India Bulls Power Limited - India
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- SMG Consultants - Indonesia
- Coastal Gujarat Power Limited - India
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Bharathi Cement Corporation - India
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Port Waratah Coal Services - Australia
- Star Paper Mills Limited - India
- Riau Bara Harum - Indonesia
- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Merrill Lynch Commodities Europe
- Grasim Industreis Ltd - India
- Iligan Light & Power Inc, Philippines
- Australian Commodity Traders Exchange
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Global Coal Blending Company Limited - Australia
- Manunggal Multi Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Indian Energy Exchange, India
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- Binh Thuan Hamico - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Videocon Industries ltd - India
- Goldman Sachs - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- TNB Fuel Sdn Bhd - Malaysia
- Straits Asia Resources Limited - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Energy - Thailand
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Interocean Group of Companies - India
- IHS Mccloskey Coal Group - USA
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Thiess Contractors Indonesia
- Rashtriya Ispat Nigam Limited - India
- Rio Tinto Coal - Australia
- Asmin Koalindo Tuhup - Indonesia
- Antam Resourcindo - Indonesia
- London Commodity Brokers - England
- Kalimantan Lumbung Energi - Indonesia
- International Coal Ventures Pvt Ltd - India
- Larsen & Toubro Limited - India
- Edison Trading Spa - Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- Tata Chemicals Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Vizag Seaport Private Limited - India
- Electricity Generating Authority of Thailand
- Madhucon Powers Ltd - India
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- Heidelberg Cement - Germany
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Central Java Power - Indonesia
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Metalloyd Limited - United Kingdom
- The Treasury - Australian Government
- Minerals Council of Australia
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Kapuas Tunggal Persada - Indonesia
- Malabar Cements Ltd - India
- Wilmar Investment Holdings
- CNBM International Corporation - China
- Karbindo Abesyapradhi - Indoneisa
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
- Sical Logistics Limited - India
- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- Central Electricity Authority - India
- Cement Manufacturers Association - India
- Timah Investasi Mineral - Indoneisa
- Anglo American - United Kingdom
- Ministry of Transport, Egypt
- The State Trading Corporation of India Ltd
- Uttam Galva Steels Limited - India
- Petron Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- Wood Mackenzie - Singapore
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Aboitiz Power Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- Standard Chartered Bank - UAE
- Planning Commission, India
- Jaiprakash Power Ventures ltd
- Formosa Plastics Group - Taiwan
- Coalindo Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Independent Power Producers Association of India
- Bukit Baiduri Energy - Indonesia
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Xindia Steels Limited - India
- Sarangani Energy Corporation, Philippines
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- Ceylon Electricity Board - Sri Lanka
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- Agrawal Coal Company - India
- Romanian Commodities Exchange
- MS Steel International - UAE
- Maheswari Brothers Coal Limited - India
- Ministry of Finance - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Tamil Nadu electricity Board
- Dalmia Cement Bharat India
- GN Power Mariveles Coal Plant, Philippines
- Essar Steel Hazira Ltd - India
- South Luzon Thermal Energy Corporation
- Neyveli Lignite Corporation Ltd, - India
- Vijayanagar Sugar Pvt Ltd - India
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Indian Oil Corporation Limited
- Bhoruka Overseas - Indonesia
- Parliament of New Zealand
- PowerSource Philippines DevCo
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