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

Monday, 27 April 09
JSW ENERGY SET TO SNAP UP AFRICAN COAL MINE FOR $70 MN - ECONOMIC TIMES
Sajjan Jindal-led JSW Energy is close to acquiring a sub-Saharan African thermal coal mine, which has reserves of more than 200 million   ...


Monday, 27 April 09
INDONESIA MINING RULES MAY DETER INVESTORS-OFFICIALS - REUTERS
Indonesia's rules on foreign divestment of mining projects must be revised to address issues such as finding buyers if Southeast Asia's biggest ec ...


Monday, 27 April 09
UNDERGROUND MINING IN FOREST AREAS NOT SO SIMPLE - THE JAKARTA POST
The government's plan to issue a presidential decree allowing mining companies to mine underground in protected forest concession areas has resulte ...


Monday, 27 April 09
COAL PRICES ABOVE FUNDAMENTALS - STUFF.CO.NZ
Coal prices have defied the gravity of fundamental factors, supported by stockpiling prompted by cheaper prompt prices rather than a reflextion of a ...


Sunday, 26 April 09
MITRA HOPES TO SECURE DEALS WITH TWO COAL FIRMS BY JUNE - THE JAKARTA POST
An integrated oil and gas services company, publicly listed PT Mitra Rajasa, is expecting to seal acquisition deals with two coal companies in June, ...


   1356 1357 1358 1359 1360   
Showing 6786 to 6790 news of total 6871
News by Category
Popular News
 
Total Members : 28,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

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