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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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Saturday, 23 May 09
THE SPOT SUPRAMAX CONTINUED TO BE FIRM - VISTAAR SINGAPORE
COALspot.com (Singapore) : VISTAAR Shipping Pte Limited, an experienced ship operator from Singapore, said, the beginning of the week continued ...
Saturday, 23 May 09
INDONESIA'S COAL OUTPUT SLUMPS IN Q1 ON LOWER PRICES, FALLING DEMAND - THE JAKARTA GLOBE
Falling international coal prices, bad weather and other problems cut first-quarter coal output by 50 percent to 30 million tons against an initial ...
Saturday, 23 May 09
INDIAN GOVT PLANS TO BUILD FIVE COAL-BASED POWER PLANTS AT $3.5B TO END CRISIS - THE FINANCIAL EXPRESS
The government has started working on a plan to set up five coal-based power plants with combined capacity of 2,500 mega watt to solve the country' ...
Saturday, 23 May 09
INTERNATIONAL COAL VENTURES PVT LTD FORMED - INDIA SERVER
National Thermal Power Corporation Limited (NTPC Ltd), the largest thermal power generating company of India, has entered into a joint venture with ...
Friday, 22 May 09
CHURCHILL DOUBLES INDONESIAN COAL PROJECT RESOURCE ESTIMATE - STEEL GURU
Mining Weekly quoted Churchill Mining as saying that the resource at its East Kutai coal project in Indonesia has more than doubled to 3.18 billion ...
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- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
- ICICI Bank Limited - India
- Planning Commission, India
- Central Electricity Authority - India
- Goldman Sachs - Singapore
- Port Waratah Coal Services - Australia
- ASAPP Information Group - India
- Bukit Baiduri Energy - Indonesia
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Rio Tinto Coal - Australia
- Bayan Resources Tbk. - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Karaikal Port Pvt Ltd - India
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Orica Mining Services - Indonesia
- Independent Power Producers Association of India
- Tata Chemicals Ltd - India
- Eastern Coal Council - USA
- Indian Energy Exchange, India
- Gujarat Sidhee Cement - India
- Indo Tambangraya Megah - Indonesia
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- GVK Power & Infra Limited - India
- Sarangani Energy Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Price Waterhouse Coopers - Russia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Trasteel International SA, Italy
- Mercuria Energy - Indonesia
- Bangladesh Power Developement Board
- GMR Energy Limited - India
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Attock Cement Pakistan Limited
- Salva Resources Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Videocon Industries ltd - India
- Vedanta Resources Plc - India
- Maheswari Brothers Coal Limited - India
- Bhatia International Limited - India
- Ministry of Finance - Indonesia
- Power Finance Corporation Ltd., India
- Merrill Lynch Commodities Europe
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- Jindal Steel & Power Ltd - India
- Indonesian Coal Mining Association
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- Kobexindo Tractors - Indoneisa
- Renaissance Capital - South Africa
- Alfred C Toepfer International GmbH - Germany
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- Coalindo Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Krishnapatnam Port Company Ltd. - India
- Meralco Power Generation, Philippines
- Sojitz Corporation - Japan
- Samtan Co., Ltd - South Korea
- Intertek Mineral Services - Indonesia
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- Chamber of Mines of South Africa
- Deloitte Consulting - India
- Global Coal Blending Company Limited - Australia
- Siam City Cement - Thailand
- Metalloyd Limited - United Kingdom
- European Bulk Services B.V. - Netherlands
- San Jose City I Power Corp, Philippines
- South Luzon Thermal Energy Corporation
- Semirara Mining Corp, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- Coastal Gujarat Power Limited - India
- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- VISA Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- Indian Oil Corporation Limited
- Iligan Light & Power Inc, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- Savvy Resources Ltd - HongKong
- Straits Asia Resources Limited - Singapore
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Aboitiz Power Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- CNBM International Corporation - China
- Cigading International Bulk Terminal - Indonesia
- Antam Resourcindo - Indonesia
- Bhushan Steel Limited - India
- Larsen & Toubro Limited - India
- Thiess Contractors Indonesia
- SN Aboitiz Power Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
- Banpu Public Company Limited - Thailand
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- Toyota Tsusho Corporation, Japan
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Minerals Council of Australia
- Formosa Plastics Group - Taiwan
- Energy Link Ltd, New Zealand
- White Energy Company Limited
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- Tamil Nadu electricity Board
- Timah Investasi Mineral - Indoneisa
- Global Business Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- Australian Coal Association
- Globalindo Alam Lestari - Indonesia
- Latin American Coal - Colombia
- Essar Steel Hazira Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Makarim & Taira - Indonesia
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Kepco SPC Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Sical Logistics Limited - India
- Manunggal Multi Energi - Indonesia
- The State Trading Corporation of India Ltd
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- PowerSource Philippines DevCo
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- Aditya Birla Group - India
- Neyveli Lignite Corporation Ltd, - India
- Singapore Mercantile Exchange
- Simpson Spence & Young - Indonesia
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Ministry of Mines - Canada
- Meenaskhi Energy Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Grasim Industreis Ltd - India
- Kaltim Prima Coal - Indonesia
- Pendopo Energi Batubara - Indonesia
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