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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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Wednesday, 01 April 09
COAL FIRMS' PROFITS NOT EXPECTED TO GROW IN '09 - - THE JAKARTA POST (ANALYSTS)
Despite their windfall profits in 2008, analysts doubt that PT Bumi Resources Tbk or any other coal firms will post profit growth this year, with pr ...
Tuesday, 31 March 09
DEUTSCHE BANK TO ADD COAL, GAS, SHIPPING IN COMMODITY EXPANSION - BLOOMBERG
Deutsche Bank AG, after quadrupling revenue from commodities in two years, plans to add coal, European natural-gas and shipping to its business, ant ...
Monday, 30 March 09
CHINA SHENHUA SAYS AGREES DOMESTIC COAL DEALS - REUTERS
Chinese coal mining giant China Shenhua Energy Co has agreed long-term contracts with some Chinese power producers, its President Ling Wen said on M ...
Sunday, 29 March 09
SHENHUA ENERGY 2008 NET RISES 29% TO RECORD ON PRICES - BLOOMBERG
China Shenhua Energy Co Ltd., the nation’s biggest coal producer, said profit rose 29 percent to a record in 2008 after it increased productio ...
Friday, 27 March 09
SOUTH AFRICAN COAL EXPORTS EXPECTED TO RISE IN 2009, BUT RAIL WILL DETERMINE BY HOW MUCH - MININGWEEKLY
South Africa has an expanding coal-export terminal, but an uncertain rail capacity.
The mismatch is something South Africa cannot afford, given i ...
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- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- Gujarat Sidhee Cement - India
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- TNB Fuel Sdn Bhd - Malaysia
- Altura Mining Limited, Indonesia
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Bhushan Steel Limited - India
- Ministry of Mines - Canada
- Larsen & Toubro Limited - India
- The Treasury - Australian Government
- ASAPP Information Group - India
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- SMG Consultants - Indonesia
- Grasim Industreis Ltd - India
- Chamber of Mines of South Africa
- SN Aboitiz Power Inc, Philippines
- Aditya Birla Group - India
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- PowerSource Philippines DevCo
- Economic Council, Georgia
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Formosa Plastics Group - Taiwan
- Baramulti Group, Indonesia
- Carbofer General Trading SA - India
- PetroVietnam Power Coal Import and Supply Company
- Indika Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- CNBM International Corporation - China
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- Gujarat Mineral Development Corp Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Wilmar Investment Holdings
- Bahari Cakrawala Sebuku - Indonesia
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- Indonesian Coal Mining Association
- Makarim & Taira - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- Savvy Resources Ltd - HongKong
- Leighton Contractors Pty Ltd - Australia
- GVK Power & Infra Limited - India
- MS Steel International - UAE
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
- Port Waratah Coal Services - Australia
- SMC Global Power, Philippines
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indian Oil Corporation Limited
- Attock Cement Pakistan Limited
- Star Paper Mills Limited - India
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Posco Energy - South Korea
- Bangladesh Power Developement Board
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Electricity Generating Authority of Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Jaiprakash Power Ventures ltd
- Goldman Sachs - Singapore
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- Bhatia International Limited - India
- OPG Power Generation Pvt Ltd - India
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
- Australian Coal Association
- Sojitz Corporation - Japan
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- Agrawal Coal Company - India
- Oldendorff Carriers - Singapore
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- CIMB Investment Bank - Malaysia
- San Jose City I Power Corp, Philippines
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Sarangani Energy Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Kepco SPC Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mintek Dendrill Indonesia
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Chettinad Cement Corporation Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- AsiaOL BioFuels Corp., Philippines
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercuria Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- Straits Asia Resources Limited - Singapore
- Central Java Power - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- Holcim Trading Pte Ltd - Singapore
- Medco Energi Mining Internasional
- Orica Australia Pty. Ltd.
- Directorate Of Revenue Intelligence - India
- PTC India Limited - India
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- Ministry of Transport, Egypt
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- Latin American Coal - Colombia
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- Tamil Nadu electricity Board
- Binh Thuan Hamico - Vietnam
- Pendopo Energi Batubara - Indonesia
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Timah Investasi Mineral - Indoneisa
- Deloitte Consulting - India
- Ministry of Finance - Indonesia
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Vijayanagar Sugar Pvt Ltd - India
- White Energy Company Limited
- TeaM Sual Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- Samtan Co., Ltd - South Korea
- Rashtriya Ispat Nigam Limited - India
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- Tata Chemicals Ltd - India
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