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

Saturday, 11 February 12
WILL HISTORY REPEAT ITSELF IN THIS SHIPPING CYCLE? - CLARKSONS / HELLENIC SHIPPING
A slightly dubious "best man" joke runs as follows… Best man (giving his wedding speech): "Have you noticed how history repeat ...


Friday, 10 February 12
TONNAGE KEEPS ON COMING - DREWRY
Drewry Maritime Research’s latest edition of its Dry Bulk Forecaster pulls no punches in its assessment of a market that looks certain to cont ...


Friday, 10 February 12
GIVE PERMIT POWERS TO GOVERNORS: MINERS - THE JAKARTA POST
The Jakarta Post reported that, following clashes between mining companies and local residents, the Indonesian Mining Association (IMA) wants to tra ...


Thursday, 09 February 12
AUSTRALIA'S EPIC TO ACQUIRE 15,500 HA COAL EXPLORATION LICENCES IN EAST KALIMANTAN, INDONESIA
COALspot.com - Epic Resources Limited to acquire two coal concessions in Kutai Barat regency, East Kalimantan, Indonesia. According to company's ...


Thursday, 09 February 12
RESOURCE ALAM BUYS 28,521HA CONCESSIONS - INSIDER STORIES
Insider Stories reported that, PT Resource Alam Indonesia Tbk (KKGI), owned by Adijanto family, today announced acquisition of 75% interest in PT Ka ...


   970 971 972 973 974   
Showing 4856 to 4860 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 ...

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