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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, 12 May 09
INDIKA EXPECTS TO INCREASE COAL PRODUCTION BY 12.68% IN 2010 - THE JAKARTA POST
Energy and infrastructure company PT Indika Energy, the parent company of Indonesia's third largest coal producer PT Kideco Jaya Agung, expects its ...
Tuesday, 12 May 09
BANPU'S PROFIT DOUBLES TO RECORD AFTER SALES JUMP - BLOOMBERG
BANPU Pcl, Thailand’s biggest coal producer, reported first-quarter profit more than doubled to a record after higher prices for the fuel boos ...
Tuesday, 12 May 09
COAL IN PLACE, GMR PLANS 2,000-MW THERMAL PLANT - BUSINESS-STANDARD
GMR ENERGY, a subsidiary of Bangalore-based infrastructure company GMR Infrastructure Ltd, is planning to set up a 2,000-Mw thermal power plant near ...
Monday, 11 May 09
SOUTH AFRICA PROBLEMS SLOW INDIA COAL BUYING - MINE WEB
Indian imports of South African coal are likely to be close to 12 million tonnes in 2009, up from 10 million last year.
Indian coal buyers were a ...
Saturday, 09 May 09
THE WEEK SAW BIT OF HECTIC ACTIVITY IN THE FREIGHT MARKET - VISTAAR SHIPPING
COALspot.com (Singapore) : VISTAAR Shipping Pte Limited, one of the experienced ship operator in Singapore, said, the week saw bit of hectic ac ...
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- Bayan Resources Tbk. - Indonesia
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- VISA Power Limited - India
- Ministry of Finance - Indonesia
- LBH Netherlands Bv - Netherlands
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- Energy Link Ltd, New Zealand
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Energy Exchange, India
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Ministry of Transport, Egypt
- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Kaltim Prima Coal - Indonesia
- Sindya Power Generating Company Private Ltd
- Latin American Coal - Colombia
- Thai Mozambique Logistica
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Carbofer General Trading SA - India
- Straits Asia Resources Limited - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- Makarim & Taira - Indonesia
- Jindal Steel & Power Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
- London Commodity Brokers - England
- Coal and Oil Company - UAE
- Tata Chemicals Ltd - India
- Medco Energi Mining Internasional
- Renaissance Capital - South Africa
- Maheswari Brothers Coal Limited - India
- Indian Oil Corporation Limited
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Aditya Birla Group - India
- Miang Besar Coal Terminal - Indonesia
- Essar Steel Hazira Ltd - India
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- Mintek Dendrill Indonesia
- Baramulti Group, Indonesia
- Minerals Council of Australia
- Borneo Indobara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Cement Manufacturers Association - India
- Chamber of Mines of South Africa
- PTC India Limited - India
- Xindia Steels Limited - India
- Karaikal Port Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Bukit Baiduri Energy - Indonesia
- Goldman Sachs - Singapore
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- Rio Tinto Coal - Australia
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Globalindo Alam Lestari - Indonesia
- Mjunction Services Limited - India
- Wilmar Investment Holdings
- Heidelberg Cement - Germany
- Samtan Co., Ltd - South Korea
- Madhucon Powers Ltd - India
- Edison Trading Spa - Italy
- Power Finance Corporation Ltd., India
- Alfred C Toepfer International GmbH - Germany
- Agrawal Coal Company - India
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- The Treasury - Australian Government
- Marubeni Corporation - India
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- Savvy Resources Ltd - HongKong
- Jaiprakash Power Ventures ltd
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Thiess Contractors Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Orica Mining Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Bukit Asam (Persero) Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- Kideco Jaya Agung - Indonesia
- Trasteel International SA, Italy
- Global Business Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- PNOC Exploration Corporation - Philippines
- PowerSource Philippines DevCo
- Global Coal Blending Company Limited - Australia
- Indonesian Coal Mining Association
- Australian Coal Association
- Iligan Light & Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Planning Commission, India
- Binh Thuan Hamico - Vietnam
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- Intertek Mineral Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- ICICI Bank Limited - India
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- GVK Power & Infra Limited - India
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- India Bulls Power Limited - India
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
- The University of Queensland
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- Maharashtra Electricity Regulatory Commission - India
- AsiaOL BioFuels Corp., Philippines
- Ceylon Electricity Board - Sri Lanka
- Indogreen Group - Indonesia
- Sical Logistics Limited - India
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- SMG Consultants - Indonesia
- Barasentosa Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- GMR Energy Limited - India
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Indo Tambangraya Megah - Indonesia
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- Eastern Coal Council - USA
- Krishnapatnam Port Company Ltd. - India
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- Ambuja Cements Ltd - India
- Pendopo Energi Batubara - Indonesia
- Sakthi Sugars Limited - India
- Coastal Gujarat Power Limited - India
- TeaM Sual Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- SMC Global Power, Philippines
- Bhoruka Overseas - Indonesia
- Aboitiz Power Corporation - Philippines
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- Antam Resourcindo - Indonesia
- Grasim Industreis Ltd - India
- Wood Mackenzie - Singapore
- Jorong Barutama Greston.PT - Indonesia
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