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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 $1.7 billion in the current fiscal.
The company is now producing 430 million tonnes of coal, which is expected to reach 700 million tonnes over the next 10 years, Bhattacharyya said.
CIL has also secured exploration licences for two blocks in Mozambique and expects to start work there soon.
“We are expecting one billion tonnes reserves from these blocks,” he said.
Bhattacharyya also spoke about the company’s corporate social responsibilities. “As we are expanding our coal mining operations, its our responsibility to grow more trees than we have cut. We are passionately pursuing the afforestation programme.”
The company is adopting clean technology to reduce the impact of mining on the environment, he said.
Source: Business News - INAS
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Monday, 24 May 10
INDONESIAN COAL PRICE REFERENCE (HBA) FOR MAY 2010 REACHES US$ 92.07 PER TON FOB VESSEL
COALspot.com: The directorate general of mineral, coal and geothermal of Indonesia has released Indonesian coal price reference (HBA) for Month of M ...
Monday, 24 May 10
PAMA TO CLOSE COALS ACQUISITION IN 2010
Insider Stories reported that, Indonesia's largest coal mining contractor PT Pamapersada Nusantara, subsidiary of PT United Tractors Tbk (UNTR), wi ...
Sunday, 23 May 10
SINGARENI LEVIES PREMIUM TO BALANCE COAL DEMAND - BUSINESS STANDARD
Business-Standard reported that, In view of the rising demand for coal, Singareni Collieries Company Limited has recently levied a premium on c ...
Saturday, 22 May 10
THE BRENT CRUDE PRICES WAS SHARPLY DOWN AT US$ 71.72 PER BARREL - VISTAAR SHIPPING
COALspot.com: The freight market was under pressure with the caps size index down by 10 pct with uncertainty in Europe crisis continuing.
The BD ...
Saturday, 22 May 10
PORT CONGESTION IN AUSTRALIA HELPING RATES CHINA COAL IMPORT BOOM TO CUSHION FREIGHT RATES
China's record coal imports this year will provide some support to freight rates but growing pressure from fleet oversupply is set to limit gains. ...
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- Trasteel International SA, Italy
- Larsen & Toubro Limited - India
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- Barasentosa Lestari - Indonesia
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
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- GMR Energy Limited - India
- Planning Commission, India
- Bukit Makmur.PT - Indonesia
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- Bulk Trading Sa - Switzerland
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- MS Steel International - UAE
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- Meralco Power Generation, Philippines
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- Kapuas Tunggal Persada - Indonesia
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- Indian Oil Corporation Limited
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- Cigading International Bulk Terminal - Indonesia
- CNBM International Corporation - China
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
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- Coal and Oil Company - UAE
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- Minerals Council of Australia
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- Gujarat Electricity Regulatory Commission - India
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- Port Waratah Coal Services - Australia
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- Singapore Mercantile Exchange
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- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
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- Carbofer General Trading SA - India
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
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- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- Videocon Industries ltd - India
- Eastern Coal Council - USA
- Georgia Ports Authority, United States
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- Formosa Plastics Group - Taiwan
- PetroVietnam Power Coal Import and Supply Company
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- Leighton Contractors Pty Ltd - Australia
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- Indogreen Group - Indonesia
- Global Business Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Ministry of Transport, Egypt
- Bangladesh Power Developement Board
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- Mintek Dendrill Indonesia
- Economic Council, Georgia
- Chettinad Cement Corporation Ltd - India
- Parry Sugars Refinery, India
- Interocean Group of Companies - India
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- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
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- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Sindya Power Generating Company Private Ltd
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- Energy Development Corp, Philippines
- New Zealand Coal & Carbon
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- White Energy Company Limited
- IEA Clean Coal Centre - UK
- Electricity Authority, New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indonesian Coal Mining Association
- SMC Global Power, Philippines
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- Rashtriya Ispat Nigam Limited - India
- Pendopo Energi Batubara - Indonesia
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- Chamber of Mines of South Africa
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- Bhoruka Overseas - Indonesia
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- European Bulk Services B.V. - Netherlands
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- Lanco Infratech Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
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- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- India Bulls Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Anglo American - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Africa Commodities Group - South Africa
- Ministry of Mines - Canada
- Savvy Resources Ltd - HongKong
- Kartika Selabumi Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Central Electricity Authority - India
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- Jorong Barutama Greston.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
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- Coastal Gujarat Power Limited - India
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- Medco Energi Mining Internasional
- Mercuria Energy - Indonesia
- Samtan Co., Ltd - South Korea
- Grasim Industreis Ltd - India
- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- TeaM Sual Corporation - Philippines
- Agrawal Coal Company - India
- Kalimantan Lumbung Energi - Indonesia
- Therma Luzon, Inc, Philippines
- The Treasury - Australian Government
- Krishnapatnam Port Company Ltd. - India
- Straits Asia Resources Limited - Singapore
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- Thiess Contractors Indonesia
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- TNB Fuel Sdn Bhd - Malaysia
- GAC Shipping (India) Pvt Ltd
- Ind-Barath Power Infra Limited - India
- Petron Corporation, Philippines
- The University of Queensland
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- Indika Energy - Indonesia
- Global Coal Blending Company Limited - Australia
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- Ambuja Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Thai Mozambique Logistica
- Australian Coal Association
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asmin Koalindo Tuhup - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Energy - Thailand
- Sical Logistics Limited - India
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- Kumho Petrochemical, South Korea
- Holcim Trading Pte Ltd - Singapore
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- Wilmar Investment Holdings
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- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
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