COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Tuesday, 27 March 12
DRY BULK MARKET KEEP RISING FOLLOWING THE SAME TREND OF LAST WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market kept its upward momentum this week, on the same reasons of those last week. That is, the smaller ship types are still on the ris ...


Monday, 26 March 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The Baltic Dry Index follows its upward incline for fourth consecutive week by rising to more than 900 points, up by 37% from the bottom low in the ...


Monday, 26 March 12
GOLDEN MINES FY11 REVENUE JUMPS 209% - INSIDER STORIES
Insider Stories reported that, coal miner PT Golden Energy Mines Tbk (GEMS), that is controlled by Sinar Mas Group, recorded a 209% jump in revenue ...


Saturday, 24 March 12
AUSTRALIA'S MINERAL TAX : BENCHMARK FOR OTHER COUNTRIES - SUNIL K KUMBHAT
COALspot.com - Natural resources rich counties like Australia , Indonesia , South Africa , Brazil etc are going through a spectacular resources boom ...


Saturday, 24 March 12
THE AVERAGE CHARTER RATES WAS AT CAPESIZE $ 4,546 PER DAY VS SUPRAMAX / $ 10,819 PER DAY - VISTAAR
COALspot.com - The BDI crossed 900 points this week closing at 908 points up by 3.89 pct. All other sectors were  up except for cape index whic ...


   957 958 959 960 961   
Showing 4791 to 4795 news of total 6871
News by Category
Popular News
 
Total Members : 28,694
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Bharathi Cement Corporation - India
  • Petron Corporation, Philippines
  • Sakthi Sugars Limited - India
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • HSBC - Hong Kong
  • Qatrana Cement - Jordan
  • Straits Asia Resources Limited - Singapore
  • AsiaOL BioFuels Corp., Philippines
  • Toyota Tsusho Corporation, Japan
  • Iligan Light & Power Inc, Philippines
  • Bhushan Steel Limited - India
  • Infraline Energy - India
  • International Coal Ventures Pvt Ltd - India
  • Directorate General of MIneral and Coal - Indonesia
  • The University of Queensland
  • Rashtriya Ispat Nigam Limited - India
  • Moodys - Singapore
  • Banpu Public Company Limited - Thailand
  • Energy Link Ltd, New Zealand
  • Parry Sugars Refinery, India
  • MS Steel International - UAE
  • Mercuria Energy - Indonesia
  • Krishnapatnam Port Company Ltd. - India
  • Essar Steel Hazira Ltd - India
  • PetroVietnam Power Coal Import and Supply Company
  • Electricity Generating Authority of Thailand
  • Xindia Steels Limited - India
  • Uttam Galva Steels Limited - India
  • Platts
  • Dalmia Cement Bharat India
  • Credit Suisse - India
  • Independent Power Producers Association of India
  • Simpson Spence & Young - Indonesia
  • The Treasury - Australian Government
  • India Bulls Power Limited - India
  • Ind-Barath Power Infra Limited - India
  • Tamil Nadu electricity Board
  • Manunggal Multi Energi - Indonesia
  • Kepco SPC Power Corporation, Philippines
  • Kalimantan Lumbung Energi - Indonesia
  • Sinarmas Energy and Mining - Indonesia
  • Berau Coal - Indonesia
  • TNPL - India
  • Carbofer General Trading SA - India
  • Alfred C Toepfer International GmbH - Germany
  • GAC Shipping (India) Pvt Ltd
  • Indian Oil Corporation Limited
  • Jorong Barutama Greston.PT - Indonesia
  • Orica Mining Services - Indonesia
  • Power Finance Corporation Ltd., India
  • Ministry of Transport, Egypt
  • Mintek Dendrill Indonesia
  • KEPCO - South Korea
  • DBS Bank - Singapore
  • U S Energy Resources
  • Mjunction Services Limited - India
  • Samsung - South Korea
  • Aditya Birla Group - India
  • Asia Cement - Taiwan
  • Lafarge - France
  • Cemex - Philippines
  • Posco Energy - South Korea
  • MEC Coal - Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • Africa Commodities Group - South Africa
  • UBS Singapore
  • Gujarat Sidhee Cement - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • SMC Global Power, Philippines
  • SGS (Thailand) Limited
  • CIMB Investment Bank - Malaysia
  • Reliance Power - India
  • Vizag Seaport Private Limited - India
  • NALCO India
  • CoalTek, United States
  • ANZ Bank - Australia
  • Adaro Indonesia
  • APGENCO India
  • Indian School of Mines
  • Cebu Energy, Philippines
  • Ince & co LLP
  • TGV SRAAC LIMITED, India
  • Noble Europe Ltd - UK
  • Bayan Resources Tbk. - Indonesia
  • Ministry of Mines - Canada
  • The India Cements Ltd
  • Pinang Coal Indonesia
  • Pipit Mutiara Jaya. PT, Indonesia
  • GN Power Mariveles Coal Plant, Philippines
  • Kobe Steel Ltd - Japan
  • ASAPP Information Group - India
  • Goldman Sachs - Singapore
  • Shree Cement - India
  • Coalindo Energy - Indonesia
  • Edison Trading Spa - Italy
  • Meralco Power Generation, Philippines
  • SRK Consulting
  • BNP Paribas - Singapore
  • Kumho Petrochemical, South Korea
  • Indorama - Singapore
  • Borneo Indobara - Indonesia
  • CNBM International Corporation - China
  • Gujarat Electricity Regulatory Commission - India
  • Asian Development Bank
  • Thailand Anthracite
  • Anglo American - United Kingdom
  • Minerals Council of Australia
  • Trasteel International SA, Italy
  • Thermax Limited - India
  • Eastern Energy - Thailand
  • Bukit Asam (Persero) Tbk - Indonesia
  • European Bulk Services B.V. - Netherlands
  • TRAFIGURA, South Korea
  • Riau Bara Harum - Indonesia
  • Wood Mackenzie - Singapore
  • TANGEDCO India
  • Energy Development Corp, Philippines
  • Central Electricity Authority - India
  • Kideco Jaya Agung - Indonesia
  • Indonesia Power. PT
  • IMC Shipping - Singapore
  • JPMorgan - India
  • Cement Manufacturers Association - India
  • KOWEPO - South Korea
  • Leighton Contractors Pty Ltd - Australia
  • GHCL Limited - India
  • Marubeni Corporation - India
  • Freeport Indonesia
  • Aboitiz Power Corporation - Philippines
  • Asmin Koalindo Tuhup - Indonesia
  • PLN Batubara - Indonesia
  • SN Aboitiz Power Inc, Philippines
  • Intertek Mineral Services - Indonesia
  • Maheswari Brothers Coal Limited - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Global Business Power Corporation, Philippines
  • CCIC - Indonesia
  • Ernst & Young Pvt. Ltd.
  • Global Green Power PLC Corporation, Philippines
  • Petrosea - Indonesia
  • Electricity Authority, New Zealand
  • Savvy Resources Ltd - HongKong
  • Renaissance Capital - South Africa
  • Surastha Cement
  • Gupta Coal India Ltd
  • Rudhra Energy - India
  • Port Waratah Coal Services - Australia
  • LBH Netherlands Bv - Netherlands
  • SUEK AG - Indonesia
  • Kohat Cement Company Ltd. - Pakistan
  • GVK Power & Infra Limited - India
  • TNB Fuel Sdn Bhd - Malaysia
  • Makarim & Taira - Indonesia
  • Interocean Group of Companies - India
  • Price Waterhouse Coopers - Russia
  • Sarangani Energy Corporation, Philippines
  • CESC Limited - India
  • Mitra SK Pvt Ltd - India
  • ACC Limited - India
  • Thai Mozambique Logistica
  • Eastern Coal Council - USA
  • GMR Energy Limited - India
  • Total Coal South Africa
  • Thomson Reuters GRC
  • NTPC Limited - India
  • Rio Tinto Coal - Australia
  • Kartika Selabumi Mining - Indonesia
  • UOB Asia (HK) Ltd
  • Indogreen Group - Indonesia
  • Samtan Co., Ltd - South Korea
  • Deloitte Consulting - India
  • Sucofindo - Indonesia
  • Binh Thuan Hamico - Vietnam
  • Thiess Contractors Indonesia
  • globalCOAL - UK
  • Cigading International Bulk Terminal - Indonesia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • McConnell Dowell - Australia
  • Medco Energi Mining Internasional
  • Australian Coal Association
  • ICICI Bank Limited - India
  • Agrawal Coal Company - India
  • OPG Power Generation Pvt Ltd - India
  • VISA Power Limited - India
  • Singapore Mercantile Exchange
  • GNFC Limited - India
  • Humpuss - Indonesia
  • World Coal - UK
  • Meenaskhi Energy Private Limited - India
  • Star Paper Mills Limited - India
  • PNOC Exploration Corporation - Philippines
  • San Jose City I Power Corp, Philippines
  • Jindal Steel & Power Ltd - India
  • TeaM Sual Corporation - Philippines
  • Panama Canal Authority
  • Kapuas Tunggal Persada - Indonesia
  • KPCL - India
  • Argus Media - Singapore
  • IEA Clean Coal Centre - UK
  • Kobexindo Tractors - Indoneisa
  • Tanito Harum - Indonesia
  • London Commodity Brokers - England
  • Coaltrans Conferences
  • Clarksons - UK
  • Fearnleys - India
  • Globalindo Alam Lestari - Indonesia
  • EIA - United States
  • Bhatia International Limited - India
  • Bangkok Bank PCL
  • Sree Jayajothi Cements Limited - India
  • Ceylon Electricity Board - Sri Lanka
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Runge Indonesia
  • Malco - India
  • Karbindo Abesyapradhi - Indoneisa
  • Madhucon Powers Ltd - India
  • Semirara Mining Corp, Philippines
  • Commonwealth Bank - Australia
  • IBC Asia (S) Pte Ltd
  • Maharashtra Electricity Regulatory Commission - India
  • J M Baxi & Co - India
  • Arutmin Indonesia
  • Sical Logistics Limited - India
  • Therma Luzon, Inc, Philippines
  • Bukit Makmur.PT - Indonesia
  • Britmindo - Indonesia
  • BRS Brokers - Singapore
  • Indika Energy - Indonesia
  • Cosco
  • GB Group - China
  • Vijayanagar Sugar Pvt Ltd - India
  • Maybank - Singapore
  • Tata Power - India
  • SMG Consultants - Indonesia
  • OCBC - Singapore
  • Idemitsu - Japan
  • Bulk Trading Sa - Switzerland
  • Inspectorate - India
  • South Luzon Thermal Energy Corporation
  • Barasentosa Lestari - Indonesia
  • Coal India Limited
  • Siam City Cement - Thailand
  • Planning Commission, India
  • Merrill Lynch Commodities Europe
  • Wilmar Investment Holdings
  • Lanco Infratech Ltd - India
  • Permata Bank - Indonesia
  • Barclays Capital - USA
  • Ministry of Finance - Indonesia
  • RBS Sempra - UK
  • Coal and Oil Company - UAE
  • Geoservices-GeoAssay Lab
  • Cargill India Pvt Ltd
  • World Bank
  • Latin American Coal - Colombia
  • Bukit Baiduri Energy - Indonesia
  • PetroVietnam
  • Grasim Industreis Ltd - India
  • Russian Coal LLC
  • Vitol - Bahrain
  • Coastal Gujarat Power Limited - India
  • ETA - Dubai
  • Mitsubishi Corporation
  • Antam Resourcindo - Indonesia
  • Economic Council, Georgia
  • IOL Indonesia
  • Australian Commodity Traders Exchange
  • Chettinad Cement Corporation Ltd - India
  • KPMG - USA
  • McKinsey & Co - India
  • Coeclerici Indonesia
  • Maruti Cements - India
  • PLN - Indonesia
  • Glencore India Pvt. Ltd
  • Indonesian Coal Mining Association
  • Neyveli Lignite Corporation Ltd, - India
  • PowerSource Philippines DevCo
  • Thriveni
  • Core Mineral Indonesia
  • Indo Tambangraya Megah - Indonesia
  • Videocon Industries ltd - India
  • Salva Resources Pvt Ltd - India
  • Heidelberg Cement - Germany
  • Central Java Power - Indonesia
  • Baramulti Group, Indonesia
  • Jaiprakash Power Ventures ltd
  • Cardiff University - UK
  • Vedanta Resources Plc - India
  • Chamber of Mines of South Africa
  • WorleyParsons
  • IHS Mccloskey Coal Group - USA
  • Maersk Broker
  • EMO - The Netherlands
  • The State Trading Corporation of India Ltd
  • JPower - Japan
  • Georgia Ports Authority, United States
  • Holcim Trading Pte Ltd - Singapore
  • bp singapore
  • Mechel - Russia
  • Parliament of New Zealand
  • Siam City Cement PLC, Thailand
  • Billiton Holdings Pty Ltd - Australia
  • Jatenergy - Australia
  • Karaikal Port Pvt Ltd - India
  • Bahari Cakrawala Sebuku - Indonesia
  • Peabody Energy - USA
  • Tata Chemicals Ltd - India
  • Gujarat Mineral Development Corp Ltd - India
  • Vale Mozambique
  • Orica Australia Pty. Ltd.
  • ING Bank NV - Singapore
  • Japan Coal Energy Center
  • Bank of America
  • Standard Chartered Bank - UAE
  • New Zealand Coal & Carbon
  • Semirara Mining and Power Corporation, Philippines
  • Petrochimia International Co. Ltd.- Taiwan
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • PTC India Limited - India
  • Oldendorff Carriers - Singapore
  • Larsen & Toubro Limited - India
  • Formosa Plastics Group - Taiwan
  • Shenhua Group - China
  • Indian Energy Exchange, India
  • Arch Coal - USA
  • Xstrata Coal
  • Bangladesh Power Developement Board
  • Inco-Indonesia
  • Mercator Lines Limited - India
  • Metalloyd Limited - United Kingdom
  • Mitsui
  • Sindya Power Generating Company Private Ltd
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Enel Italy
  • Directorate Of Revenue Intelligence - India
  • SASOL - South Africa
  • Pendopo Energi Batubara - Indonesia
  • Ambuja Cements Ltd - India
  • Romanian Commodities Exchange
  • Bank of China, Malaysia
  • Bhoruka Overseas - Indonesia
  • Altura Mining Limited, Indonesia
  • Platou - Singapore
  • Global Coal Blending Company Limited - Australia
  • Malabar Cements Ltd - India
  • Attock Cement Pakistan Limited
  • Sojitz Corporation - Japan
  • Merrill Lynch Bank
  • Timah Investasi Mineral - Indoneisa
  • Adani Power Ltd - India
  • Gresik Semen - Indonesia
  • Deutsche Bank - India
  • White Energy Company Limited
  • Kaltim Prima Coal - Indonesia
  • Coal Orbis AG