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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 $1.7 billion in the current fiscal.
The company is now producing 430 million tonnes of coal, which is expected to reach 700 million tonnes over the next 10 years, Bhattacharyya said.
CIL has also secured exploration licences for two blocks in Mozambique and expects to start work there soon.
“We are expecting one billion tonnes reserves from these blocks,” he said.
Bhattacharyya also spoke about the company’s corporate social responsibilities. “As we are expanding our coal mining operations, its our responsibility to grow more trees than we have cut. We are passionately pursuing the afforestation programme.”
The company is adopting clean technology to reduce the impact of mining on the environment, he said.
Source: Business News - INAS
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Sunday, 16 May 10
INDIKA ENERGY & COAL ASSETS EXPANSION
Insider stories reported that, PT Indika Energy Tbk (INDY) has three portfolio coal assets, PT Kideco Jaya Agung, coal asset in East Kalimanta ...
Saturday, 15 May 10
THE AVERAGE CHARTER HIRE FOR CAPE REACHES US$ 49,931 PER DAY - VISTAAR SINGAPORE
COALspot.com: "The freight market was extremely buoyant this week with BDI almost up by 9 pct and the market was very firm in Feast/SE Asia sec ...
Saturday, 15 May 10
DRY BULK MARKET POSTS HEALTHY WEEKLY GAINS
The dry bulk market has reached new highs this week, the second consecutive solid one, with the industry’s benchmark, the Baltic Dry Index (BD ...
Friday, 14 May 10
JSW BUYS COAL MINES IN US, PRODUCTION STARTS IN SEPT
JSW Steel on Friday said it has completed $100 million acquisition of coking coal assets in the US and will start production from September to parti ...
Friday, 14 May 10
KANGAROO RESOURCES TO ACQUIRE INDONESIAN COAL PROJECTS - PROACTIVE INVESTORS
Proactive Investors reported that, Kangaroo Resources (ASX: KRL) is preparing to complete the acquisition of its five outstanding Indonesian coal pr ...
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- Bahari Cakrawala Sebuku - Indonesia
- Sarangani Energy Corporation, Philippines
- Uttam Galva Steels Limited - India
- Metalloyd Limited - United Kingdom
- Electricity Authority, New Zealand
- Chettinad Cement Corporation Ltd - India
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Ministry of Mines - Canada
- Attock Cement Pakistan Limited
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
- Coalindo Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Indian Energy Exchange, India
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- Mjunction Services Limited - India
- Carbofer General Trading SA - India
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- Jaiprakash Power Ventures ltd
- London Commodity Brokers - England
- Sical Logistics Limited - India
- The University of Queensland
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- Vedanta Resources Plc - India
- TNB Fuel Sdn Bhd - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- Australian Coal Association
- Economic Council, Georgia
- Kapuas Tunggal Persada - Indonesia
- Eastern Energy - Thailand
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Bulk Trading Sa - Switzerland
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Pendopo Energi Batubara - Indonesia
- Karaikal Port Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Orica Mining Services - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Dalmia Cement Bharat India
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
- San Jose City I Power Corp, Philippines
- IEA Clean Coal Centre - UK
- Ind-Barath Power Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- Singapore Mercantile Exchange
- Bukit Baiduri Energy - Indonesia
- Semirara Mining Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Ambuja Cements Ltd - India
- Simpson Spence & Young - Indonesia
- SMG Consultants - Indonesia
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Borneo Indobara - Indonesia
- Central Electricity Authority - India
- Pipit Mutiara Jaya. PT, Indonesia
- Kumho Petrochemical, South Korea
- Cigading International Bulk Terminal - Indonesia
- Indian Oil Corporation Limited
- Indogreen Group - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- European Bulk Services B.V. - Netherlands
- Vizag Seaport Private Limited - India
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Manunggal Multi Energi - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Cement Manufacturers Association - India
- Siam City Cement - Thailand
- Chamber of Mines of South Africa
- Africa Commodities Group - South Africa
- Aditya Birla Group - India
- Kohat Cement Company Ltd. - Pakistan
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- Rashtriya Ispat Nigam Limited - India
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Mercator Lines Limited - India
- ASAPP Information Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bangladesh Power Developement Board
- Antam Resourcindo - Indonesia
- Essar Steel Hazira Ltd - India
- Jindal Steel & Power Ltd - India
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
- Bhoruka Overseas - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Standard Chartered Bank - UAE
- Global Business Power Corporation, Philippines
- Minerals Council of Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Coastal Gujarat Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Rio Tinto Coal - Australia
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Posco Energy - South Korea
- Commonwealth Bank - Australia
- Riau Bara Harum - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- Billiton Holdings Pty Ltd - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- LBH Netherlands Bv - Netherlands
- Sojitz Corporation - Japan
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Eastern Coal Council - USA
- Energy Development Corp, Philippines
- SMC Global Power, Philippines
- Sakthi Sugars Limited - India
- Merrill Lynch Commodities Europe
- The State Trading Corporation of India Ltd
- South Luzon Thermal Energy Corporation
- VISA Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Indonesian Coal Mining Association
- Therma Luzon, Inc, Philippines
- Ministry of Finance - Indonesia
- Wilmar Investment Holdings
- Bukit Asam (Persero) Tbk - Indonesia
- Formosa Plastics Group - Taiwan
- India Bulls Power Limited - India
- ICICI Bank Limited - India
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Ceylon Electricity Board - Sri Lanka
- PTC India Limited - India
- Star Paper Mills Limited - India
- Larsen & Toubro Limited - India
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- Parry Sugars Refinery, India
- Mercuria Energy - Indonesia
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- McConnell Dowell - Australia
- Mintek Dendrill Indonesia
- Planning Commission, India
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- Price Waterhouse Coopers - Russia
- White Energy Company Limited
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- Siam City Cement PLC, Thailand
- Agrawal Coal Company - India
- Latin American Coal - Colombia
- Intertek Mineral Services - Indonesia
- Parliament of New Zealand
- Meenaskhi Energy Private Limited - India
- Madhucon Powers Ltd - India
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