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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 $1.3 billion initial public offering last year, analysts had said.
Goldman Sachs, with a 9.94 percent stake in Adaro, is coordinating the sale of the shares, one source with direct knowledge of the matter said two weeks ago.
Goldman Sachs was adviser to San Miguel in the Manila-based conglomerate's ambitious diversification plan, which resulted in San Miguel's purchase of 27 percent of utility Manila Electric Co last year, a planned telecommunications venture, and a pending purchase of majority of oil refiner Petron Corp.
San Miguel is diversifying away from its traditional food and beverage business to fuel future growth.
Analysts said investors may want to sell out of Adaro given the uncertainty over coal prices amid an economic downturn.
Source: http://in.reuters.com/article/innovationNews/idINTRE53S47R20090429?sp=true
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Monday, 05 March 12
SOUTHGOBI ANNOUNCES AGREEMENT TO SELL ITS THERMAL COAL TSAGAAN TOLGOI DEPOSIT FOR US$ 30 MILLION
SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) announced today an agreement to sell its thermal coal property, the Tsagaan Tolgoi Deposit to Modun Re ...
Monday, 05 March 12
SOME RESOURCE TITANS NOT THRILLED WITH INDONESIAN EXPORT BAN - THE JAKARTA GLOBE
The Jakarta Globe reported that, local representatives of major business associations in East Kalimantan have protested a government regulation that ...
Monday, 05 March 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
An air of optimism poured in the market this week for dry bulk shippers with the Baltic Dry Index recording daily gains during the end of February b ...
Sunday, 04 March 12
SE ASIA WAS FIRM FOR TRIPS TO INDIA AND CHINA - VISTAAR
COALspot.com - This week saw another upward trend with all indices up and generally market was firm.
The BDI was up by 7.38 pct closing at 771 po ...
Friday, 02 March 12
DJMBP HAS ANNOUNCED SECOND BATCH OF CLEAR N CLEAN CERTIFIED MINERS
COALspot.com - The Directorate general of mineral & coal of Indonesia has announced second batch of companies who have passed IUP Clear and Clea ...
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Showing 4826 to 4830 news of total 6871 |
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- Bahari Cakrawala Sebuku - Indonesia
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- Eastern Coal Council - USA
- Agrawal Coal Company - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- Ceylon Electricity Board - Sri Lanka
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- SMG Consultants - Indonesia
- The University of Queensland
- Tamil Nadu electricity Board
- Indonesian Coal Mining Association
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- Global Business Power Corporation, Philippines
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Bhatia International Limited - India
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Iligan Light & Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- Orica Australia Pty. Ltd.
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
- Latin American Coal - Colombia
- Siam City Cement - Thailand
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- LBH Netherlands Bv - Netherlands
- Sinarmas Energy and Mining - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sojitz Corporation - Japan
- Australian Commodity Traders Exchange
- Price Waterhouse Coopers - Russia
- Trasteel International SA, Italy
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Baramulti Group, Indonesia
- Chamber of Mines of South Africa
- Economic Council, Georgia
- Karaikal Port Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Central Java Power - Indonesia
- Vizag Seaport Private Limited - India
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- Parliament of New Zealand
- Thai Mozambique Logistica
- Lanco Infratech Ltd - India
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- IHS Mccloskey Coal Group - USA
- Kideco Jaya Agung - Indonesia
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- Romanian Commodities Exchange
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- India Bulls Power Limited - India
- Directorate Of Revenue Intelligence - India
- Carbofer General Trading SA - India
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- Global Coal Blending Company Limited - Australia
- Planning Commission, India
- Coalindo Energy - Indonesia
- CNBM International Corporation - China
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- Timah Investasi Mineral - Indoneisa
- Xindia Steels Limited - India
- Savvy Resources Ltd - HongKong
- Marubeni Corporation - India
- MS Steel International - UAE
- AsiaOL BioFuels Corp., Philippines
- Bhushan Steel Limited - India
- Cement Manufacturers Association - India
- Aditya Birla Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Thiess Contractors Indonesia
- GAC Shipping (India) Pvt Ltd
- PetroVietnam Power Coal Import and Supply Company
- Neyveli Lignite Corporation Ltd, - India
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- GVK Power & Infra Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- PowerSource Philippines DevCo
- Altura Mining Limited, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- Kartika Selabumi Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- Cigading International Bulk Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- San Jose City I Power Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Indika Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Independent Power Producers Association of India
- Siam City Cement PLC, Thailand
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Energy Link Ltd, New Zealand
- Energy Development Corp, Philippines
- Simpson Spence & Young - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- CIMB Investment Bank - Malaysia
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- PTC India Limited - India
- Deloitte Consulting - India
- Africa Commodities Group - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
- Chettinad Cement Corporation Ltd - India
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Metalloyd Limited - United Kingdom
- Madhucon Powers Ltd - India
- Salva Resources Pvt Ltd - India
- Ministry of Mines - Canada
- Renaissance Capital - South Africa
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- Parry Sugars Refinery, India
- Borneo Indobara - Indonesia
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- The Treasury - Australian Government
- Power Finance Corporation Ltd., India
- Gujarat Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Wilmar Investment Holdings
- Kobexindo Tractors - Indoneisa
- Semirara Mining Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Gujarat Sidhee Cement - India
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- Medco Energi Mining Internasional
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Heidelberg Cement - Germany
- Formosa Plastics Group - Taiwan
- Indogreen Group - Indonesia
- Coastal Gujarat Power Limited - India
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- Port Waratah Coal Services - Australia
- Krishnapatnam Port Company Ltd. - India
- Singapore Mercantile Exchange
- Bhoruka Overseas - Indonesia
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
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