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Monday, 08 June 09
SAN MIGUEL EYES LOCAL MINING VENTURES - PHILIPPINE DAILY INQUIRER
Philippine Daily Inquirer reported that, Diversifying conglomerate San Miguel Corp.is making big plans for Philippine mining, seen as an industry that can exponentially perk up domestic economic growth.
San Miguel president Ramon Ang said Southeast Asia’s biggest food and beverage conglomerate, which has been diversifying into heavy industries, was also starting to pare down its debts while keeping enough for future acquisitions.
“In the Philippines, the potential of mining is so huge because we have a good deposit of gold, nickel and iron ore,” Ang said.
“If you can develop it, it’s big compared to existing players. We have so many ideas but we’re doing everything quietly,” he said.
San Miguel earlier obtained a foothold in the country’s biggest power retailer Manila Electric Co. and oil refiner Petron Corp. It is also investing in dormant Liberty Telecom Holdings Inc., which it plans to use as its vehicle for its foray into the highly competitive telecommunications business.
Ang said San Miguel was in talks with many groups and open to an array of opportunities but would like to keep details of its merger and acquisition strategy close to its chest.
San Miguel had looked at offshore mining opportunities too, particularly in Indonesia.
Earlier, American investment banking giant Goldman Sachs offered a piece of Indonesia’s second most valuable coal miner Adaro Energy, but Ang said the stake offered was too small.
The conglomerate had earlier looked into the biggest Indonesian coal miner PT Bumi Resources when its controlling stockholder, the Bakrie family, was selling assets to restructure debts.
For its part, Ang said San Miguel had started to use excess cash to reduce its debt, both at the parent and subsidiary levels.
As of end-March last year, San Miguel at the parent level had P51 billion worth of drafts and notes payable.
Source: http://business.inquirer.net/money/breakingnews/view/20090608-209313/San-Miguel-eyes-local-mining-ventures
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Monday, 08 June 09
PTC INDIA TO ACQUIRE COAL MINES IN AUSTRALIA, INDONESIA - PTI NEWS
PTI reported that, State-owned Power Trading Corp today said it would acquire coal properties overseas and has identified mines in Australia and Ind ...
Monday, 08 June 09
PRIVATE COAL MINERS LIKELY TO LAND COMMERCIAL LICENSE - ECONOMIC TIMES
Economic Times of India reported that, The government may allow commercial coal mining by private companies as it looks to plug the demand-supply ga ...
Monday, 08 June 09
NAPOCOR BUYING COAL FOR PAGBILAO PLANT - PHILIPPINE DAILY INQUIRER
Philippine Daily Inquirer reported that, State-run National Power Corp. plans to buy 390,000 metric tons of steaming coal next month, to supply the ...
Sunday, 07 June 09
SEMIRARA SELLING COAL TO THAILAND - STEELGURU
Business Mirror reported that coal producer Semirara Mining Corporation has successfully entered the Thailand market during the Q1 of the year, help ...
Saturday, 06 June 09
IS THE RECESSION OVER ? - CAPT. REDDY, VISTAAR SHIPPING
COALspot.com (Singapore): Is the recession over, that is what most analysts think and seems so from the Baltic Index rally and firm commodity ...
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- The Treasury - Australian Government
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- Coal and Oil Company - UAE
- Indogreen Group - Indonesia
- Electricity Authority, New Zealand
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- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Ministry of Transport, Egypt
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- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
- Trasteel International SA, Italy
- Billiton Holdings Pty Ltd - Australia
- Chamber of Mines of South Africa
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Tata Chemicals Ltd - India
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- Baramulti Group, Indonesia
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- White Energy Company Limited
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- VISA Power Limited - India
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- India Bulls Power Limited - India
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- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- New Zealand Coal & Carbon
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- Heidelberg Cement - Germany
- Parliament of New Zealand
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- Indian Energy Exchange, India
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- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
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- SN Aboitiz Power Inc, Philippines
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- Australian Commodity Traders Exchange
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- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Ministry of Mines - Canada
- Marubeni Corporation - India
- Rio Tinto Coal - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Planning Commission, India
- Price Waterhouse Coopers - Russia
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- Kumho Petrochemical, South Korea
- Aboitiz Power Corporation - Philippines
- IEA Clean Coal Centre - UK
- Singapore Mercantile Exchange
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- CIMB Investment Bank - Malaysia
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
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- Minerals Council of Australia
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- Petrochimia International Co. Ltd.- Taiwan
- TNB Fuel Sdn Bhd - Malaysia
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- Indian Oil Corporation Limited
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- ICICI Bank Limited - India
- Barasentosa Lestari - Indonesia
- Eastern Energy - Thailand
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
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- Carbofer General Trading SA - India
- ASAPP Information Group - India
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- Economic Council, Georgia
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
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- The State Trading Corporation of India Ltd
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- Central Electricity Authority - India
- Rashtriya Ispat Nigam Limited - India
- Ceylon Electricity Board - Sri Lanka
- Globalindo Alam Lestari - Indonesia
- LBH Netherlands Bv - Netherlands
- Renaissance Capital - South Africa
- Indo Tambangraya Megah - Indonesia
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- Kideco Jaya Agung - Indonesia
- Latin American Coal - Colombia
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Cigading International Bulk Terminal - Indonesia
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Formosa Plastics Group - Taiwan
- San Jose City I Power Corp, Philippines
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- Metalloyd Limited - United Kingdom
- Samtan Co., Ltd - South Korea
- Bhoruka Overseas - Indonesia
- Ministry of Finance - Indonesia
- Australian Coal Association
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- Energy Link Ltd, New Zealand
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- Iligan Light & Power Inc, Philippines
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- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
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- The University of Queensland
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- TeaM Sual Corporation - Philippines
- Timah Investasi Mineral - Indoneisa
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- Bharathi Cement Corporation - India
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- Binh Thuan Hamico - Vietnam
- CNBM International Corporation - China
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- Banpu Public Company Limited - Thailand
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- Mercator Lines Limited - India
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