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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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Friday, 29 May 09
INDONESIA PLANS "CLEARING HOUSE" FOR COAL - ALIBABA
Alibaba reported that, Indonesia, the world's biggest thermal coal exporter, plans to set up an agency similar to a clearing house to trade stocks ...
Friday, 29 May 09
INDIKA EYES MORE ACQUISITIONS - THE JAKARTA POST
Having nearly completed the acquisition of engineering and mining company PT Petrosea, energy company PT Indika Energy is preparing for more acquisi ...
Friday, 29 May 09
PTBA PAYS DIVIDENDS OF RP 371.5 A SHARE - THE JAKARTA POST
The annual shareholders' meeting of state-controlled coal producer PT Tambang Batubara Bukit Asam (PTBA) approved on Thursday the allocation of 50 ...
Thursday, 28 May 09
INDIANS CHOOSE SOUTH AFRICA COAL OVER INDONESIAN - MINEWEB (REUTERS)
South African cargoes are about $4 a tonne cheaper than Indonesian coal, as a result India now prefers South Africa .
Indian imports of South Afr ...
Wednesday, 27 May 09
NEWCASTLE PORT'S WEEKLY COAL EXPORTS INCREASE 3.6% - BLOOMBERG
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, rose 3.6 percent last week while the num ...
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- Toyota Tsusho Corporation, Japan
- Georgia Ports Authority, United States
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- GAC Shipping (India) Pvt Ltd
- Eastern Energy - Thailand
- Siam City Cement PLC, Thailand
- Planning Commission, India
- Interocean Group of Companies - India
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- Holcim Trading Pte Ltd - Singapore
- IEA Clean Coal Centre - UK
- Maheswari Brothers Coal Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Directorate Of Revenue Intelligence - India
- Kohat Cement Company Ltd. - Pakistan
- Central Java Power - Indonesia
- Kobexindo Tractors - Indoneisa
- SN Aboitiz Power Inc, Philippines
- GVK Power & Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Ministry of Finance - Indonesia
- CIMB Investment Bank - Malaysia
- Africa Commodities Group - South Africa
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Vizag Seaport Private Limited - India
- Jaiprakash Power Ventures ltd
- OPG Power Generation Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Borneo Indobara - Indonesia
- Sojitz Corporation - Japan
- Simpson Spence & Young - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sakthi Sugars Limited - India
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Indo Tambangraya Megah - Indonesia
- Mercator Lines Limited - India
- Sindya Power Generating Company Private Ltd
- Energy Development Corp, Philippines
- Banpu Public Company Limited - Thailand
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Cement Manufacturers Association - India
- Economic Council, Georgia
- Merrill Lynch Commodities Europe
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GMR Energy Limited - India
- Global Business Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Rio Tinto Coal - Australia
- Therma Luzon, Inc, Philippines
- SMG Consultants - Indonesia
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- Port Waratah Coal Services - Australia
- AsiaOL BioFuels Corp., Philippines
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Formosa Plastics Group - Taiwan
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Australian Coal Association
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- VISA Power Limited - India
- The University of Queensland
- Orica Mining Services - Indonesia
- Australian Commodity Traders Exchange
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- Madhucon Powers Ltd - India
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- White Energy Company Limited
- Indonesian Coal Mining Association
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Essar Steel Hazira Ltd - India
- Parry Sugars Refinery, India
- Renaissance Capital - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- South Luzon Thermal Energy Corporation
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- Indian Oil Corporation Limited
- Grasim Industreis Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Coalindo Energy - Indonesia
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Xindia Steels Limited - India
- Salva Resources Pvt Ltd - India
- Deloitte Consulting - India
- Central Electricity Authority - India
- Agrawal Coal Company - India
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Singapore Mercantile Exchange
- PNOC Exploration Corporation - Philippines
- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- Globalindo Alam Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Edison Trading Spa - Italy
- PetroVietnam Power Coal Import and Supply Company
- Bukit Asam (Persero) Tbk - Indonesia
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- TeaM Sual Corporation - Philippines
- London Commodity Brokers - England
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- Siam City Cement - Thailand
- Ambuja Cements Ltd - India
- ASAPP Information Group - India
- Kaltim Prima Coal - Indonesia
- Altura Mining Limited, Indonesia
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Global Green Power PLC Corporation, Philippines
- Bhatia International Limited - India
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- Barasentosa Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
- Power Finance Corporation Ltd., India
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- Kartika Selabumi Mining - Indonesia
- Thai Mozambique Logistica
- Thiess Contractors Indonesia
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- Eastern Coal Council - USA
- McConnell Dowell - Australia
- Kalimantan Lumbung Energi - Indonesia
- Jindal Steel & Power Ltd - India
- Kumho Petrochemical, South Korea
- Minerals Council of Australia
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- Electricity Generating Authority of Thailand
- PTC India Limited - India
- Gujarat Sidhee Cement - India
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
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