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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, 13 July 10
FURTHER LOSSES FOR BALTIC DRY INDEX ON HIGH VESSEL SUPPLY
The dry bulk market can’t catch a breath, as it has now entered the 7th straight week of losses. The industry’s benchmark, the Baltic Dr ...
Sunday, 11 July 10
OVERALL NO OR NEGLIGIBLE IMPACT IN ARUTMIN MINE - BUMI
COALspot.com: Bumi denies the media reports on an impact of unusually rains on coal production in BUMI mines.
"Arutmin is being impacted by ...
Saturday, 10 July 10
FREIGHT MARKET SITUATION MAY CONTINUE FOR NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com: The market continued to soften further with the cape and panamax index down by about 20 pct and closed at 2,102 and 1,944 points respe ...
Saturday, 10 July 10
STC OF INDIA TO ASSOCIATE WITH FUEL SUPPLIERS
COALspot.com: State Trading corporation of India, which is under Ministry of Commerce, has invited Expression of Interest from coal suppliers ...
Saturday, 10 July 10
SCOMI TO SELL STAKE IN INDONESIA OPS - THE STAR
The star online reported that, Scomi Marine Bhd will sell a stake in its marine logistics business in Indonesia to a large Indonesian company to dea ...
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- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- Marubeni Corporation - India
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- Orica Australia Pty. Ltd.
- The Treasury - Australian Government
- Kalimantan Lumbung Energi - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
- Goldman Sachs - Singapore
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Semirara Mining and Power Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- IHS Mccloskey Coal Group - USA
- PNOC Exploration Corporation - Philippines
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- GMR Energy Limited - India
- Coalindo Energy - Indonesia
- Malabar Cements Ltd - India
- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- Global Business Power Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Meralco Power Generation, Philippines
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- Renaissance Capital - South Africa
- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- South Luzon Thermal Energy Corporation
- Altura Mining Limited, Indonesia
- Mercator Lines Limited - India
- Tata Chemicals Ltd - India
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- Makarim & Taira - Indonesia
- CNBM International Corporation - China
- Mintek Dendrill Indonesia
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Parry Sugars Refinery, India
- Eastern Energy - Thailand
- Thiess Contractors Indonesia
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- Grasim Industreis Ltd - India
- Electricity Authority, New Zealand
- Energy Link Ltd, New Zealand
- Kumho Petrochemical, South Korea
- Manunggal Multi Energi - Indonesia
- Indonesian Coal Mining Association
- Karaikal Port Pvt Ltd - India
- Indian Oil Corporation Limited
- Maheswari Brothers Coal Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Offshore Bulk Terminal Pte Ltd, Singapore
- Holcim Trading Pte Ltd - Singapore
- Tamil Nadu electricity Board
- New Zealand Coal & Carbon
- Bukit Makmur.PT - Indonesia
- Indian Energy Exchange, India
- GN Power Mariveles Coal Plant, Philippines
- Sinarmas Energy and Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Simpson Spence & Young - Indonesia
- Bukit Baiduri Energy - Indonesia
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
- The University of Queensland
- Intertek Mineral Services - Indonesia
- Anglo American - United Kingdom
- Neyveli Lignite Corporation Ltd, - India
- Barasentosa Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Oldendorff Carriers - Singapore
- Baramulti Group, Indonesia
- Toyota Tsusho Corporation, Japan
- The State Trading Corporation of India Ltd
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sindya Power Generating Company Private Ltd
- Independent Power Producers Association of India
- Australian Coal Association
- Indika Energy - Indonesia
- Kaltim Prima Coal - Indonesia
- Kepco SPC Power Corporation, Philippines
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- Samtan Co., Ltd - South Korea
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- VISA Power Limited - India
- European Bulk Services B.V. - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Orica Mining Services - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Siam City Cement - Thailand
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- Africa Commodities Group - South Africa
- Port Waratah Coal Services - Australia
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Siam City Cement PLC, Thailand
- Trasteel International SA, Italy
- Sojitz Corporation - Japan
- Straits Asia Resources Limited - Singapore
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- Aditya Birla Group - India
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- TeaM Sual Corporation - Philippines
- PTC India Limited - India
- Indogreen Group - Indonesia
- GAC Shipping (India) Pvt Ltd
- SMC Global Power, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- Bhoruka Overseas - Indonesia
- Romanian Commodities Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Therma Luzon, Inc, Philippines
- Banpu Public Company Limited - Thailand
- Standard Chartered Bank - UAE
- Bank of Tokyo Mitsubishi UFJ Ltd
- Carbofer General Trading SA - India
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Borneo Indobara - Indonesia
- Sree Jayajothi Cements Limited - India
- Kideco Jaya Agung - Indonesia
- International Coal Ventures Pvt Ltd - India
- MS Steel International - UAE
- White Energy Company Limited
- Star Paper Mills Limited - India
- AsiaOL BioFuels Corp., Philippines
- Lanco Infratech Ltd - India
- ASAPP Information Group - India
- Antam Resourcindo - Indonesia
- Globalindo Alam Lestari - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Sakthi Sugars Limited - India
- Deloitte Consulting - India
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- Parliament of New Zealand
- Jaiprakash Power Ventures ltd
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- Wilmar Investment Holdings
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bukit Asam (Persero) Tbk - Indonesia
- Cigading International Bulk Terminal - Indonesia
- PowerSource Philippines DevCo
- Power Finance Corporation Ltd., India
- Eastern Coal Council - USA
- Chettinad Cement Corporation Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- Kartika Selabumi Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Commonwealth Bank - Australia
- Semirara Mining Corp, Philippines
- Wood Mackenzie - Singapore
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