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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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Tuesday, 05 May 09
INDONESIA'S ADARO PAYS $78.6 MLN FOR COAL-BARGING FIRM - REUTERS
INDONESIA's largest coal producer by market value, PT Adaro Energy Tbk, said late on Monday it paid $78.6 million for a 74 percent stake in Orchard ...
Tuesday, 05 May 09
PHILIPPINES SEMIRARA STILL EXPECTS HIKE IN COAL SALES - BUSINESS MIRROR
DESPITE the anticipated soft demand resulting from the prevailing global financial crisis, the country’s largest coal producer Semirara Mining ...
Monday, 04 May 09
VISTAAR SINGAPORE SAYS, THIS MONTH DRY BULK FREIGHT LIKELY TO COME DOWN
COALspot.com (Singapore) - VISTAAR shipping Services Pte Limited of Singapore, said, the beginning of last week started with bit of weakness an ...
Monday, 04 May 09
PNOC-EC TO GROW COAL OPERATIONS - PHILIPPINE DAILY INQUIRER
LISTED firm Philippine National Oil Co.-Exploration Corp. plans to expand its operations this year to ensure the steady supply of coal and fur ...
Saturday, 02 May 09
BUMI'S FIRST-QUARTER PROFIT RISES 21% ON COAL PRICE - BLOOMBERG
PT BUMI RESOURCES, Asia’s biggest exporter of power-station coal, said first-quarter profit rose 21 percent after it earned higher prices for ...
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- Salva Resources Pvt Ltd - India
- Goldman Sachs - Singapore
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- Karaikal Port Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Ambuja Cements Ltd - India
- Indian Energy Exchange, India
- Riau Bara Harum - Indonesia
- McConnell Dowell - Australia
- Tata Chemicals Ltd - India
- Malabar Cements Ltd - India
- MS Steel International - UAE
- The Treasury - Australian Government
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Baramulti Group, Indonesia
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- Bulk Trading Sa - Switzerland
- Simpson Spence & Young - Indonesia
- The State Trading Corporation of India Ltd
- Cement Manufacturers Association - India
- Australian Commodity Traders Exchange
- ASAPP Information Group - India
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- Tamil Nadu electricity Board
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- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
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- Parliament of New Zealand
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- Aboitiz Power Corporation - Philippines
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Trasteel International SA, Italy
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- Directorate Of Revenue Intelligence - India
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- Holcim Trading Pte Ltd - Singapore
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- Indian Oil Corporation Limited
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- Wood Mackenzie - Singapore
- Bukit Baiduri Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Australian Coal Association
- Independent Power Producers Association of India
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- Port Waratah Coal Services - Australia
- Minerals Council of Australia
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- VISA Power Limited - India
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Iligan Light & Power Inc, Philippines
- Global Coal Blending Company Limited - Australia
- Parry Sugars Refinery, India
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- Rio Tinto Coal - Australia
- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- Sree Jayajothi Cements Limited - India
- Thai Mozambique Logistica
- Energy Development Corp, Philippines
- IEA Clean Coal Centre - UK
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chettinad Cement Corporation Ltd - India
- Merrill Lynch Commodities Europe
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- Bangladesh Power Developement Board
- Bhushan Steel Limited - India
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
- Pipit Mutiara Jaya. PT, Indonesia
- Intertek Mineral Services - Indonesia
- Metalloyd Limited - United Kingdom
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- Ministry of Transport, Egypt
- Petron Corporation, Philippines
- Kartika Selabumi Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Kapuas Tunggal Persada - Indonesia
- Coal and Oil Company - UAE
- Lanco Infratech Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- CNBM International Corporation - China
- SMC Global Power, Philippines
- Mercuria Energy - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
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- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Commonwealth Bank - Australia
- India Bulls Power Limited - India
- Heidelberg Cement - Germany
- GMR Energy Limited - India
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- Siam City Cement - Thailand
- Jaiprakash Power Ventures ltd
- Energy Link Ltd, New Zealand
- Kepco SPC Power Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- Indonesian Coal Mining Association
- Posco Energy - South Korea
- Meralco Power Generation, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
- TeaM Sual Corporation - Philippines
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- PowerSource Philippines DevCo
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- Rashtriya Ispat Nigam Limited - India
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- Meenaskhi Energy Private Limited - India
- Aditya Birla Group - India
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- Kumho Petrochemical, South Korea
- Marubeni Corporation - India
- Xindia Steels Limited - India
- Alfred C Toepfer International GmbH - Germany
- Coalindo Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Indogreen Group - Indonesia
- Medco Energi Mining Internasional
- Planning Commission, India
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
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- LBH Netherlands Bv - Netherlands
- Timah Investasi Mineral - Indoneisa
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Australia Pty. Ltd.
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- Kalimantan Lumbung Energi - Indonesia
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- Indo Tambangraya Megah - Indonesia
- SMG Consultants - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
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- Sarangani Energy Corporation, Philippines
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- Africa Commodities Group - South Africa
- Indika Energy - Indonesia
- The University of Queensland
- SN Aboitiz Power Inc, Philippines
- Eastern Energy - Thailand
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Kideco Jaya Agung - Indonesia
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