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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, 08 June 10
RUSSIA REPORTED A TENFOLD GROWTH IN COAL EXPORTS TO CHINA IN 1Q 2010 - BRS
A retreat for all the dry bulk segments this week, but especially for the Panamax and Supramax markets. The Panamax 4TC remains over US$30,000/day h ...
Monday, 07 June 10
SOUTH AFRICA COAL STAYS NEAR 18-MONTH HIGH ON EUROPEAN DEMAND - BLOOMBERG
Bloomberg Reported that, Prices for coal shipped from South Africa’s Richards Bay, the continent’s biggest export facility for the fuel, ...
Sunday, 06 June 10
THE DOWNWARD TREND FOR S6 AND S7 ROUTE IS LIKELY TO CONTINUE NEXT WEEK - VISTAAR
COALspot.com: "This seemed market heading for corrections with all sectors down", said, Capt. Reddy, MD of Vistaar Shipping Singapore, an ...
Sunday, 06 June 10
STEAM COAL MAY BECOME NEXT BOOMING COMMODITY IN AUSTRALIA - DB
Deutsche Bank predicts that thermal coal could become Australia's next booming commodity. The German investment bank's global thermal coal team ex ...
Friday, 04 June 10
INDO/INDIA AROUND THE MID 20'S LEVEL AND MID TO HIGH 20'S INDIA/CHINA
Handy
After a quiet end to last week, the Atlantic handysize market continued&nb ...
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- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Sojitz Corporation - Japan
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Binh Thuan Hamico - Vietnam
- Mjunction Services Limited - India
- Intertek Mineral Services - Indonesia
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- Krishnapatnam Port Company Ltd. - India
- Kapuas Tunggal Persada - Indonesia
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Indika Energy - Indonesia
- Orica Australia Pty. Ltd.
- Karaikal Port Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Port Waratah Coal Services - Australia
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Sree Jayajothi Cements Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- Antam Resourcindo - Indonesia
- Bhushan Steel Limited - India
- Thai Mozambique Logistica
- Holcim Trading Pte Ltd - Singapore
- Trasteel International SA, Italy
- Karbindo Abesyapradhi - Indoneisa
- Agrawal Coal Company - India
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- Latin American Coal - Colombia
- Barasentosa Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Price Waterhouse Coopers - Russia
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indonesian Coal Mining Association
- Iligan Light & Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
- The University of Queensland
- Economic Council, Georgia
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Lanco Infratech Ltd - India
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- Goldman Sachs - Singapore
- Altura Mining Limited, Indonesia
- Merrill Lynch Commodities Europe
- Rio Tinto Coal - Australia
- Borneo Indobara - Indonesia
- Mintek Dendrill Indonesia
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Bukit Baiduri Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Indian Energy Exchange, India
- Grasim Industreis Ltd - India
- Africa Commodities Group - South Africa
- Planning Commission, India
- Cement Manufacturers Association - India
- Anglo American - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Larsen & Toubro Limited - India
- Electricity Generating Authority of Thailand
- Therma Luzon, Inc, Philippines
- Wilmar Investment Holdings
- Bhatia International Limited - India
- Simpson Spence & Young - Indonesia
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- Jaiprakash Power Ventures ltd
- Sinarmas Energy and Mining - Indonesia
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- SMG Consultants - Indonesia
- GMR Energy Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- GN Power Mariveles Coal Plant, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- McConnell Dowell - Australia
- Sarangani Energy Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Vedanta Resources Plc - India
- Sakthi Sugars Limited - India
- Rashtriya Ispat Nigam Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- Makarim & Taira - Indonesia
- Minerals Council of Australia
- Meralco Power Generation, Philippines
- SN Aboitiz Power Inc, Philippines
- Orica Mining Services - Indonesia
- Videocon Industries ltd - India
- Romanian Commodities Exchange
- White Energy Company Limited
- PetroVietnam Power Coal Import and Supply Company
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- San Jose City I Power Corp, Philippines
- Attock Cement Pakistan Limited
- GAC Shipping (India) Pvt Ltd
- Parry Sugars Refinery, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PTC India Limited - India
- Bangladesh Power Developement Board
- Petrochimia International Co. Ltd.- Taiwan
- Indogreen Group - Indonesia
- Indo Tambangraya Megah - Indonesia
- Directorate Of Revenue Intelligence - India
- Semirara Mining Corp, Philippines
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Riau Bara Harum - Indonesia
- Global Business Power Corporation, Philippines
- Central Electricity Authority - India
- SMC Global Power, Philippines
- Global Coal Blending Company Limited - Australia
- Xindia Steels Limited - India
- Thiess Contractors Indonesia
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Ambuja Cements Ltd - India
- Eastern Energy - Thailand
- Savvy Resources Ltd - HongKong
- Parliament of New Zealand
- London Commodity Brokers - England
- ASAPP Information Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Malabar Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TeaM Sual Corporation - Philippines
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Jindal Steel & Power Ltd - India
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- The State Trading Corporation of India Ltd
- International Coal Ventures Pvt Ltd - India
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- Dalmia Cement Bharat India
- Marubeni Corporation - India
- IEA Clean Coal Centre - UK
- Aditya Birla Group - India
- Gujarat Mineral Development Corp Ltd - India
- Bhoruka Overseas - Indonesia
- Meenaskhi Energy Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- New Zealand Coal & Carbon
- Interocean Group of Companies - India
- Siam City Cement - Thailand
- Carbofer General Trading SA - India
- Gujarat Electricity Regulatory Commission - India
- Formosa Plastics Group - Taiwan
- Metalloyd Limited - United Kingdom
- Deloitte Consulting - India
- Wood Mackenzie - Singapore
- Australian Coal Association
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Timah Investasi Mineral - Indoneisa
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- AsiaOL BioFuels Corp., Philippines
- Central Java Power - Indonesia
- Eastern Coal Council - USA
- Salva Resources Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Mercuria Energy - Indonesia
- Tamil Nadu electricity Board
- Medco Energi Mining Internasional
- Star Paper Mills Limited - India
- Kobexindo Tractors - Indoneisa
- Essar Steel Hazira Ltd - India
- Chamber of Mines of South Africa
- Bharathi Cement Corporation - India
- Pipit Mutiara Jaya. PT, Indonesia
- Oldendorff Carriers - Singapore
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