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Friday, 19 March 10
COAL INDIA TO HIT CAPITAL MARKETS IN JULY
India’s largest coal producer, Coal India Ltd (CIL), expects to hit the capital markets by July, company chairman Partha S. Bhattacharyya said here Friday.
The government, which holds 100 percent stake in CIL, will divest 10 percent through an initial public offer (IPO) of 63.1 crore (63 million) shares, Bhattacharyya told reporters on the sidelines of the 20th Asian Corporate Conference organised by industry lobby CII.
The company will reserve 6.3 crore (63 million) shares for its employees.
“We hope to file the draft red herring prospectus for the issue with Securities Exchange Board of India by mid-June post our annual general meeting,” Bhattacharyya said.
Bhattacharyya added that the company’s net profit would be around $1.7 billion in the current fiscal.
The company is now producing 430 million tonnes of coal, which is expected to reach 700 million tonnes over the next 10 years, Bhattacharyya said.
CIL has also secured exploration licences for two blocks in Mozambique and expects to start work there soon.
“We are expecting one billion tonnes reserves from these blocks,” he said.
Bhattacharyya also spoke about the company’s corporate social responsibilities. “As we are expanding our coal mining operations, its our responsibility to grow more trees than we have cut. We are passionately pursuing the afforestation programme.”
The company is adopting clean technology to reduce the impact of mining on the environment, he said.
Source: Business News - INAS
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Friday, 23 July 10
KOWEPO TO IMPORT ADDITIONAL 1.2 MILLION TONS OF INDONESIAN COAL WITHIN 5 MONTHS
Korea Western Power Company Limited has finalized around 1.2 million tonnes of Indonesian origin of coal last week. According to K ...
Friday, 23 July 10
THE PANAMAX MARKET HAS CONTINUED ITS SLOW CLIMB - FEARNLEYS
Handy
Continued flat Atlantic markets and over-supply of tonnage across all segments on spot basis. Nevertheless there is more fresh enquiry on Co ...
Friday, 23 July 10
KPMG INDIA FACES COAL DEFICIT OF 50% OF EXPECTED POWER PLANT DEMAND, SAYS - BLOOMBERG
Bloomberg reported that, India may face a coal shortfall of 189 million metric tons a year by 2015, about 50 percent of the power sector’s exp ...
Thursday, 22 July 10
BERAUS IPO NEXT MONTH CAN BECOME THE LARGEST THIS YEAR - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s fifth largest coal miner PT Berau Coal Energy Tbk will launch its initial public offering (IPO) ne ...
Thursday, 22 July 10
DRY BULK MARKET EDGES HIGHER, BUT RECOVERY IS SLOW
The dry bulk market’s recovery, which started last Friday has sustained its momentum thus far, but the pace of it seems to be an agonizing one ...
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- Neyveli Lignite Corporation Ltd, - India
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- MS Steel International - UAE
- San Jose City I Power Corp, Philippines
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- PNOC Exploration Corporation - Philippines
- Wilmar Investment Holdings
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- Bangladesh Power Developement Board
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- Bayan Resources Tbk. - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- Indian Energy Exchange, India
- Standard Chartered Bank - UAE
- Georgia Ports Authority, United States
- Meenaskhi Energy Private Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- Bukit Makmur.PT - Indonesia
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
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- Medco Energi Mining Internasional
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- Metalloyd Limited - United Kingdom
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- PowerSource Philippines DevCo
- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Timah Investasi Mineral - Indoneisa
- Deloitte Consulting - India
- Economic Council, Georgia
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- Carbofer General Trading SA - India
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- Thai Mozambique Logistica
- Posco Energy - South Korea
- Toyota Tsusho Corporation, Japan
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- ASAPP Information Group - India
- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- Bukit Baiduri Energy - Indonesia
- Bharathi Cement Corporation - India
- GVK Power & Infra Limited - India
- Planning Commission, India
- Global Coal Blending Company Limited - Australia
- Indogreen Group - Indonesia
- Sojitz Corporation - Japan
- Kideco Jaya Agung - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- Siam City Cement - Thailand
- White Energy Company Limited
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
- Sical Logistics Limited - India
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- Africa Commodities Group - South Africa
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
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- Savvy Resources Ltd - HongKong
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- GAC Shipping (India) Pvt Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- CNBM International Corporation - China
- Kobexindo Tractors - Indoneisa
- Minerals Council of Australia
- Ministry of Mines - Canada
- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- Semirara Mining and Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Globalindo Alam Lestari - Indonesia
- SMG Consultants - Indonesia
- Therma Luzon, Inc, Philippines
- Interocean Group of Companies - India
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Independent Power Producers Association of India
- Latin American Coal - Colombia
- Mintek Dendrill Indonesia
- VISA Power Limited - India
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- Alfred C Toepfer International GmbH - Germany
- Petron Corporation, Philippines
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Xindia Steels Limited - India
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- Essar Steel Hazira Ltd - India
- Star Paper Mills Limited - India
- Mercator Lines Limited - India
- Trasteel International SA, Italy
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Orica Australia Pty. Ltd.
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- Antam Resourcindo - Indonesia
- OPG Power Generation Pvt Ltd - India
- Malabar Cements Ltd - India
- Coalindo Energy - Indonesia
- Madhucon Powers Ltd - India
- Power Finance Corporation Ltd., India
- Banpu Public Company Limited - Thailand
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vizag Seaport Private Limited - India
- Straits Asia Resources Limited - Singapore
- Holcim Trading Pte Ltd - Singapore
- LBH Netherlands Bv - Netherlands
- Pipit Mutiara Jaya. PT, Indonesia
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
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- Jaiprakash Power Ventures ltd
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- Sakthi Sugars Limited - India
- Coastal Gujarat Power Limited - India
- Commonwealth Bank - Australia
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- Gujarat Electricity Regulatory Commission - India
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
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- Ceylon Electricity Board - Sri Lanka
- Bulk Trading Sa - Switzerland
- Sinarmas Energy and Mining - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- Iligan Light & Power Inc, Philippines
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
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- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- Dalmia Cement Bharat India
- The University of Queensland
- Price Waterhouse Coopers - Russia
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Larsen & Toubro Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Heidelberg Cement - Germany
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
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- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- Thiess Contractors Indonesia
- South Luzon Thermal Energy Corporation
- Energy Link Ltd, New Zealand
- Australian Coal Association
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- AsiaOL BioFuels Corp., Philippines
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- Miang Besar Coal Terminal - Indonesia
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