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Monday, 20 April 09
INTERNATIONAL INVESTORS SEEK TO SELL ADARO STAKES - MONEY.CNN
Some international investors in PT Adaro Energy ( ADRO.JK) have approached other companies to sell around a combined 17% stake in the coal miner via a private sale, several people familiar with the situation said Thursday.
Goldman Sachs, which has a 9.94% stake in Indonesia's second largest coal miner by output, is coordinating the sale, the people told Dow Jones Newswires. However, it is unclear who the sellers are.
International investors, which include Citigroup (C), hedge fund Farallon's unit Noonday Asset Management, the Government of Singapore Investment Corp, or GIC, Kerry Coal and Goldman together hold at least a combined 25% stake in Adaro.
A person familiar with the situation said GIC and Kerry Coal are unlikely to be among the sellers.
Adaro officials declined to comment when contacted by Dow Jones Newswires.
The company said in October that some international institutional investors holding a significant block of Adaro shares had approached the company's founding and controlling shareholders and offered to sell back their shares for $250 million. But they failed to reach an agreement on the price.
The company's top five shareholders are PT Saratoga Investama Sedaya with a 14.93% stake, PT Triputra Investindo Karya with 13.34%, PT Persada Kapital Investama with 11.01%, Chief Executive Garibaldi Thohir with 7.8% and PT Trinugraha Thohir with 7.8%.
Adaro's shares fell 2.1% Thursday to IDR950, while the overall market rose 1.97% on talk that several investors were offering the sell their stakes in the company, dealers said.
Source:http://money.cnn.com/news/newsfeeds/articles/djf500/200904160752DOWJONESDJONLINE000652_FORTUNE5.htm
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Monday, 20 April 09
INDO TAMBANGRAYA 2009 OUTPUT TO GO UP 16% - THE JAKARTA POST
Indonesia's third largest coal producer, publicly listed PT Indo Tambangraya Megah (ITM), is targeting to raise production by 16 percent this year ...
Monday, 20 April 09
PT PAMAPERSADA SEES ITS REVENUE TO CLIMB BY 20% IN 2009 - STEELGURU
PT Pamapersada Nusantara, a unit of Indonesia's PT United Tractors, said that its 2009 profit will be similar to last year, even as it forecasts re ...
Monday, 20 April 09
NIPPON STEEL SEMI-SOFT COAL PRICE SAID TO DROP 67% - BLOOMBERG
Nippon Steel Corp., Japan’s largest mill, will pay up to 67 percent less for semi-soft coking coal this fiscal year, two industry executives w ...
Friday, 17 April 09
BHATIA COAL INDIA, VITOL IN DISPUTE - COAL JUNCTION
Bhatia Coal India, a subsidiary of the Bhatia International Group, terminated a coal supply contract with traders Vitol and has initiated arbitratio ...
Friday, 17 April 09
JSW TO BUY THERMAL COAL MINE IN AFRICA
Sajjan Jindal-led JSW Energy is close to acquiring a sub-Saharan African thermal coal mine, which has reserves of more than 200 million tons, to min ...
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- Independent Power Producers Association of India
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- Global Coal Blending Company Limited - Australia
- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
- Uttam Galva Steels Limited - India
- The University of Queensland
- Singapore Mercantile Exchange
- Indonesian Coal Mining Association
- Sarangani Energy Corporation, Philippines
- VISA Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Petron Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- Asmin Koalindo Tuhup - Indonesia
- Lanco Infratech Ltd - India
- Indian Energy Exchange, India
- Interocean Group of Companies - India
- Straits Asia Resources Limited - Singapore
- Meralco Power Generation, Philippines
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- PetroVietnam Power Coal Import and Supply Company
- Australian Coal Association
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- Intertek Mineral Services - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- Mercator Lines Limited - India
- PNOC Exploration Corporation - Philippines
- Planning Commission, India
- Renaissance Capital - South Africa
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- Ministry of Mines - Canada
- Malabar Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Sindya Power Generating Company Private Ltd
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- Sakthi Sugars Limited - India
- Maheswari Brothers Coal Limited - India
- Kideco Jaya Agung - Indonesia
- Mjunction Services Limited - India
- Minerals Council of Australia
- Eastern Energy - Thailand
- Larsen & Toubro Limited - India
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Chamber of Mines of South Africa
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- Formosa Plastics Group - Taiwan
- Ministry of Finance - Indonesia
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Madhucon Powers Ltd - India
- Metalloyd Limited - United Kingdom
- Semirara Mining Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Deloitte Consulting - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Mineral Development Corp Ltd - India
- Bulk Trading Sa - Switzerland
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- Leighton Contractors Pty Ltd - Australia
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- Toyota Tsusho Corporation, Japan
- Rio Tinto Coal - Australia
- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Star Paper Mills Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Essar Steel Hazira Ltd - India
- Coalindo Energy - Indonesia
- Economic Council, Georgia
- SMG Consultants - Indonesia
- Carbofer General Trading SA - India
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Transport, Egypt
- Dalmia Cement Bharat India
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Savvy Resources Ltd - HongKong
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Indogreen Group - Indonesia
- GVK Power & Infra Limited - India
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- Gujarat Electricity Regulatory Commission - India
- Electricity Generating Authority of Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- IEA Clean Coal Centre - UK
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- McConnell Dowell - Australia
- ASAPP Information Group - India
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
- Riau Bara Harum - Indonesia
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Baramulti Group, Indonesia
- Agrawal Coal Company - India
- Ambuja Cements Ltd - India
- Samtan Co., Ltd - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- The Treasury - Australian Government
- Kapuas Tunggal Persada - Indonesia
- CNBM International Corporation - China
- Bhatia International Limited - India
- Parliament of New Zealand
- Barasentosa Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Therma Luzon, Inc, Philippines
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- White Energy Company Limited
- Heidelberg Cement - Germany
- Merrill Lynch Commodities Europe
- Antam Resourcindo - Indonesia
- Commonwealth Bank - Australia
- Romanian Commodities Exchange
- Jindal Steel & Power Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Edison Trading Spa - Italy
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- Jaiprakash Power Ventures ltd
- Aditya Birla Group - India
- Indian Oil Corporation Limited
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GAC Shipping (India) Pvt Ltd
- Iligan Light & Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cement Manufacturers Association - India
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- CIMB Investment Bank - Malaysia
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- San Jose City I Power Corp, Philippines
- Global Business Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- Wood Mackenzie - Singapore
- Kobexindo Tractors - Indoneisa
- Chettinad Cement Corporation Ltd - India
- SMC Global Power, Philippines
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Binh Thuan Hamico - Vietnam
- PTC India Limited - India
- Eastern Coal Council - USA
- Semirara Mining and Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- GMR Energy Limited - India
- Timah Investasi Mineral - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
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