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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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Tuesday, 20 July 10
CHURCHILL PLANNING TO PRODUCE 35 MILLION TONNES PER ANNUM FROM ITS EAST KUTAI COAL PROJECT
According to Churchill's website, the East Kutai Coal Project is a world-class thermal coal deposit, with a JORC Mining Reserve of 961 milli ...
Tuesday, 20 July 10
DRY BULK SHIPPING MARKET FINDING SOME SUPPORT, AS OWNERS TAKE CAPE SIZES OFF THE MARKET
With the Baltic Dry Index finally having reached bottom, at least according to market analysts, the dry bulk industry is looking to begin its long r ...
Monday, 19 July 10
INDONESIA EXPORTS 24.49 MILLION TONNES OF COAL IN JUNE 2010
COALspot.com: Indonesia, the world largest coal exporter, exported 141.249 million tons of coal in the first half of this year. In June 2010, Indone ...
Monday, 19 July 10
CHINA ONCE AGAIN DOMINATING SHIPPING FREIGHT RATES, WHILE OVERSUPPLY OF TONNAGE RAISES CONCERN
The ending of the week brought a cheerful note among dry bulk ship owners, as the sinking benchmark of the industry, the Baltic Dry Index (BDI) fina ...
Saturday, 17 July 10
THE DRY BULK MARKET CONTINUED THE DOWNWARD TREND - VISTAAR
COALspot.com: The indices continued the downward trend this week also with BDI at 1,720 points and cape size index at 1676 points and the charter ra ...
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- Kideco Jaya Agung - Indonesia
- Barasentosa Lestari - Indonesia
- Parliament of New Zealand
- Cement Manufacturers Association - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- Pendopo Energi Batubara - Indonesia
- Antam Resourcindo - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Deloitte Consulting - India
- Siam City Cement PLC, Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Mercuria Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jorong Barutama Greston.PT - Indonesia
- The University of Queensland
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Energy Development Corp, Philippines
- Vizag Seaport Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Thiess Contractors Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- Chettinad Cement Corporation Ltd - India
- Mercator Lines Limited - India
- Australian Coal Association
- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Energy Link Ltd, New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- The Treasury - Australian Government
- Indian Oil Corporation Limited
- OPG Power Generation Pvt Ltd - India
- Posco Energy - South Korea
- Grasim Industreis Ltd - India
- Jaiprakash Power Ventures ltd
- Australian Commodity Traders Exchange
- Riau Bara Harum - Indonesia
- Interocean Group of Companies - India
- Oldendorff Carriers - Singapore
- Bulk Trading Sa - Switzerland
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- Simpson Spence & Young - Indonesia
- Renaissance Capital - South Africa
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Medco Energi Mining Internasional
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- Independent Power Producers Association of India
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- Planning Commission, India
- Heidelberg Cement - Germany
- Gujarat Sidhee Cement - India
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Therma Luzon, Inc, Philippines
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Latin American Coal - Colombia
- Rio Tinto Coal - Australia
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Indo Tambangraya Megah - Indonesia
- Wood Mackenzie - Singapore
- Ministry of Mines - Canada
- London Commodity Brokers - England
- Carbofer General Trading SA - India
- Minerals Council of Australia
- Karaikal Port Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Larsen & Toubro Limited - India
- TeaM Sual Corporation - Philippines
- Salva Resources Pvt Ltd - India
- Marubeni Corporation - India
- Jindal Steel & Power Ltd - India
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- Sical Logistics Limited - India
- Cigading International Bulk Terminal - Indonesia
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- Madhucon Powers Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Sakthi Sugars Limited - India
- Leighton Contractors Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Indian Energy Exchange, India
- Mjunction Services Limited - India
- GVK Power & Infra Limited - India
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Kalimantan Lumbung Energi - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Sindya Power Generating Company Private Ltd
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining Corp, Philippines
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Bukit Baiduri Energy - Indonesia
- Star Paper Mills Limited - India
- Central Java Power - Indonesia
- Trasteel International SA, Italy
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- Baramulti Group, Indonesia
- Rashtriya Ispat Nigam Limited - India
- Parry Sugars Refinery, India
- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
- Metalloyd Limited - United Kingdom
- Dalmia Cement Bharat India
- Commonwealth Bank - Australia
- Price Waterhouse Coopers - Russia
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- MS Steel International - UAE
- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Maheswari Brothers Coal Limited - India
- Merrill Lynch Commodities Europe
- Manunggal Multi Energi - Indonesia
- Wilmar Investment Holdings
- Attock Cement Pakistan Limited
- Global Coal Blending Company Limited - Australia
- Sarangani Energy Corporation, Philippines
- Bhatia International Limited - India
- Indonesian Coal Mining Association
- TNB Fuel Sdn Bhd - Malaysia
- SMG Consultants - Indonesia
- Romanian Commodities Exchange
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- Siam City Cement - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Kapuas Tunggal Persada - Indonesia
- LBH Netherlands Bv - Netherlands
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- Uttam Galva Steels Limited - India
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Samtan Co., Ltd - South Korea
- Bhushan Steel Limited - India
- Kobexindo Tractors - Indoneisa
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Directorate Of Revenue Intelligence - India
- Agrawal Coal Company - India
- PTC India Limited - India
- VISA Power Limited - India
- Essar Steel Hazira Ltd - India
- Kepco SPC Power Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Lanco Infratech Ltd - India
- Edison Trading Spa - Italy
- Chamber of Mines of South Africa
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- SMC Global Power, Philippines
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Africa Commodities Group - South Africa
- Aditya Birla Group - India
- Central Electricity Authority - India
- European Bulk Services B.V. - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Kohat Cement Company Ltd. - Pakistan
- San Jose City I Power Corp, Philippines
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