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, 22 November 11
NTPC TO BUY 2 MMT OF IMPORTED COAL FOR ITS FOUR PLANTS
COALspot.com - NTPC Limited, incorporated in 1975 as a public sector company wholly owned by Government of India, the largest thermal power generati ...


Tuesday, 22 November 11
ABM INVESTAMA SETS IPO AT RP 3,750
Insider Stories reported that, Integrated energy company PT ABM Investama Tbk has determined the IPO price at Rp3,750 (approximately US$ 0.415) per ...


Tuesday, 22 November 11
A SURPRISINGLY STRONG WEEK FOR THE CAPES - BRS
Positive gains for most of the segments this week, the exception being the Handysizes. Overall the BDI ended the week at 1,895 points (+3.3% week-on ...


Tuesday, 22 November 11
APPETITE FOR DRY BULK VESSELS SLOWS DOWN AT THE START OF THE WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market was down at the beginning of the week, as demand for Capesize vessels was particularly low. The industry’s benchmark, the ...


Monday, 21 November 11
CAPESIZES DRIVE MARKET LOWER, ANALYSTS DIVIDED ON DRY BULK OUTLOOK IN THE LONG RUN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market ended the week on a sour note, with the industry’s benchmark heading downwards to 1,895 points, which represented a slight ...


   992 993 994 995 996   
Showing 4966 to 4970 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 ...

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