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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, 17 May 10
INDONESIA SHIPPED 15.51 PERCENT LESS COAL IN APRIL THAN A MONTH EARLIER
COALspot.com: Indonesia, the world largest coal exporter, shipped 23,331,542 MT of coal in April 2010, compare to 27.61 million tons in ...
Monday, 17 May 10
S. AFRICA CUTS EUROPE COAL SUPPLY, ASIA SALES RISE, TRADER SAYS - BLOOMBERG
Bloomberg reported that, South Africa’s Richards Bay Coal Terminal, Europe’s biggest source of the fuel burned for power, cut shipments ...
Monday, 17 May 10
GREEK CRISIS TO SEE FREIGHT RATES FALL BANGKOK POST
The Greek debt crisis will likely cause shipping rates to fall this quarter enabling SET-listed Precious Shipping Plc to buy second-hand vessels at ...
Monday, 17 May 10
NEWCASTLE COAL QUEUES COULD BE HISTORY - THE HERALD
NEWCASTLE'S infamous coal queues could be a thing of the past if a plan to have the ships anchor over the horizon succeeds against the doubts of it ...
Sunday, 16 May 10
THREE FIRMS SHORTLISTED FOR CIL'S $ 2BN OVERSEAS PROJECTS - ECONOMIC TIMES
Economic Times reported that, State-owned Coal India Ltd (CIL) has shortlisted US firms Massey Energy and Peabody Energy, besides Indonesian Novem/S ...
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- Kaltim Prima Coal - Indonesia
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- Samtan Co., Ltd - South Korea
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- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Indian Oil Corporation Limited
- Kapuas Tunggal Persada - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- Baramulti Group, Indonesia
- New Zealand Coal & Carbon
- Sinarmas Energy and Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Sojitz Corporation - Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Orica Mining Services - Indonesia
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- Kideco Jaya Agung - Indonesia
- SN Aboitiz Power Inc, Philippines
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- Goldman Sachs - Singapore
- Eastern Energy - Thailand
- Electricity Authority, New Zealand
- South Luzon Thermal Energy Corporation
- The University of Queensland
- Xindia Steels Limited - India
- Mercuria Energy - Indonesia
- White Energy Company Limited
- Energy Development Corp, Philippines
- Billiton Holdings Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Wilmar Investment Holdings
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
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- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
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- PTC India Limited - India
- Jaiprakash Power Ventures ltd
- Bukit Makmur.PT - Indonesia
- Karaikal Port Pvt Ltd - India
- Ministry of Transport, Egypt
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- Rio Tinto Coal - Australia
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- Savvy Resources Ltd - HongKong
- GVK Power & Infra Limited - India
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
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- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- Petron Corporation, Philippines
- Attock Cement Pakistan Limited
- Indo Tambangraya Megah - Indonesia
- Oldendorff Carriers - Singapore
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
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- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- VISA Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- Parliament of New Zealand
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- GMR Energy Limited - India
- Therma Luzon, Inc, Philippines
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- Bharathi Cement Corporation - India
- IEA Clean Coal Centre - UK
- Essar Steel Hazira Ltd - India
- Sakthi Sugars Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
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- Bulk Trading Sa - Switzerland
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- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Gujarat Electricity Regulatory Commission - India
- Kepco SPC Power Corporation, Philippines
- Thai Mozambique Logistica
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- Coastal Gujarat Power Limited - India
- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Cement Manufacturers Association - India
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Indian Energy Exchange, India
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Bhushan Steel Limited - India
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Latin American Coal - Colombia
- Jindal Steel & Power Ltd - India
- Dalmia Cement Bharat India
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
- Chamber of Mines of South Africa
- Anglo American - United Kingdom
- Sarangani Energy Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Ceylon Electricity Board - Sri Lanka
- Bahari Cakrawala Sebuku - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- Bhatia International Limited - India
- Antam Resourcindo - Indonesia
- Medco Energi Mining Internasional
- Global Green Power PLC Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- ICICI Bank Limited - India
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- Sindya Power Generating Company Private Ltd
- Renaissance Capital - South Africa
- Mjunction Services Limited - India
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- European Bulk Services B.V. - Netherlands
- OPG Power Generation Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Indogreen Group - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bukit Baiduri Energy - Indonesia
- Economic Council, Georgia
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- Heidelberg Cement - Germany
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- Ambuja Cements Ltd - India
- PNOC Exploration Corporation - Philippines
- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
- GN Power Mariveles Coal Plant, Philippines
- Krishnapatnam Port Company Ltd. - India
- Coal and Oil Company - UAE
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Mercator Lines Limited - India
- Meralco Power Generation, Philippines
- Australian Coal Association
- MS Steel International - UAE
- Edison Trading Spa - Italy
- Neyveli Lignite Corporation Ltd, - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- SMC Global Power, Philippines
- Larsen & Toubro Limited - India
- London Commodity Brokers - England
- Tamil Nadu electricity Board
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- Ind-Barath Power Infra Limited - India
- Alfred C Toepfer International GmbH - Germany
- Star Paper Mills Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Carbofer General Trading SA - India
- Trasteel International SA, Italy
- Thiess Contractors Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Salva Resources Pvt Ltd - India
- Singapore Mercantile Exchange
- Makarim & Taira - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Gujarat Sidhee Cement - India
- SMG Consultants - Indonesia
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
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