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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, 28 April 09
S'PORE COURT RULES AGAINST DEUTSCHE ON ASSET SALE - REUTERS
Singapore's highest court has ruled that Deutsche Bank (DBKGn.DE) may have to pay unspecified damages to an investment firm as it did not get the b ...
Tuesday, 28 April 09
WORLD THERMAL COAL PRICE EXPECTED TO CRASH - PURCHASING.COM
Macquarie Bank sees 50% drop to $60/ton in 2009
Macquarie Bank today forecast the 2009 average market price for world thermal coal at $60/ton, a ...
Tuesday, 28 April 09
THAI LANNA TO OPEN NEW INDONESIAN MINE BY Q3 - REUTERS
Thailand's Lanna Resources PCL LANN.BK said on Monday it planned to open a new coal mine in Indonesia by the third quarter of 2009 with an initial ...
Tuesday, 28 April 09
SOUTH AFRICAN EXPORT COAL RETREATS ON WEAKER EUROPEAN DEMAND - BLOOMBERG
Prices for coal shipped from South Africa’s Richards Bay, site of the world’s largest export terminal for the fuel, fell for a second co ...
Monday, 27 April 09
INDONESIA S.KALIMANTAN GETS COAL TRUCKS OFF PUBLIC ROADS - REUTERS
A local government in one of Indonesia's top coal-producing areas has banned coal and palm oil firms from using public roads because of the damage ...
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- Indika Energy - Indonesia
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- Mjunction Services Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- International Coal Ventures Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- Chamber of Mines of South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhatia International Limited - India
- ICICI Bank Limited - India
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- Wilmar Investment Holdings
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- Jindal Steel & Power Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Merrill Lynch Commodities Europe
- Bangladesh Power Developement Board
- Ministry of Mines - Canada
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Bhushan Steel Limited - India
- Simpson Spence & Young - Indonesia
- Parliament of New Zealand
- Cigading International Bulk Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Sarangani Energy Corporation, Philippines
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Energy Development Corp, Philippines
- Cement Manufacturers Association - India
- Orica Australia Pty. Ltd.
- Sindya Power Generating Company Private Ltd
- Therma Luzon, Inc, Philippines
- PTC India Limited - India
- GAC Shipping (India) Pvt Ltd
- Coal and Oil Company - UAE
- Carbofer General Trading SA - India
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- Tamil Nadu electricity Board
- Directorate Of Revenue Intelligence - India
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- Wood Mackenzie - Singapore
- Commonwealth Bank - Australia
- LBH Netherlands Bv - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Xindia Steels Limited - India
- Sojitz Corporation - Japan
- Indian Energy Exchange, India
- Essar Steel Hazira Ltd - India
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
- Global Green Power PLC Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Kideco Jaya Agung - Indonesia
- India Bulls Power Limited - India
- Ind-Barath Power Infra Limited - India
- Metalloyd Limited - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
- Kaltim Prima Coal - Indonesia
- Deloitte Consulting - India
- Planning Commission, India
- Banpu Public Company Limited - Thailand
- Miang Besar Coal Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sakthi Sugars Limited - India
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- Rio Tinto Coal - Australia
- Medco Energi Mining Internasional
- SN Aboitiz Power Inc, Philippines
- The State Trading Corporation of India Ltd
- Gujarat Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Intertek Mineral Services - Indonesia
- Agrawal Coal Company - India
- ASAPP Information Group - India
- Gujarat Mineral Development Corp Ltd - India
- Mercator Lines Limited - India
- Central Electricity Authority - India
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Krishnapatnam Port Company Ltd. - India
- IHS Mccloskey Coal Group - USA
- TeaM Sual Corporation - Philippines
- Tata Chemicals Ltd - India
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Lanco Infratech Ltd - India
- Globalindo Alam Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- Larsen & Toubro Limited - India
- White Energy Company Limited
- Makarim & Taira - Indonesia
- The University of Queensland
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Romanian Commodities Exchange
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Binh Thuan Hamico - Vietnam
- Electricity Authority, New Zealand
- PowerSource Philippines DevCo
- Heidelberg Cement - Germany
- Port Waratah Coal Services - Australia
- Eastern Energy - Thailand
- Pendopo Energi Batubara - Indonesia
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- CNBM International Corporation - China
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- Videocon Industries ltd - India
- Bayan Resources Tbk. - Indonesia
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- MS Steel International - UAE
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Anglo American - United Kingdom
- Petron Corporation, Philippines
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Grasim Industreis Ltd - India
- Sree Jayajothi Cements Limited - India
- Malabar Cements Ltd - India
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Aditya Birla Group - India
- Vedanta Resources Plc - India
- Holcim Trading Pte Ltd - Singapore
- Edison Trading Spa - Italy
- Formosa Plastics Group - Taiwan
- Aboitiz Power Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- Toyota Tsusho Corporation, Japan
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- Latin American Coal - Colombia
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Bukit Makmur.PT - Indonesia
- Power Finance Corporation Ltd., India
- Georgia Ports Authority, United States
- Pipit Mutiara Jaya. PT, Indonesia
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jaiprakash Power Ventures ltd
- Mintek Dendrill Indonesia
- Madhucon Powers Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Parry Sugars Refinery, India
- Attock Cement Pakistan Limited
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