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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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Thursday, 08 April 10
INDONESIAN ENERGY MINISTRY SEEKS LONGER MINING CONTRACTS - THE JAKARTAGLOBE
The Jakarta Globe reported that, Energy Minister Darwin Zahedy Saleh said he would seek to amend the mining law to address investors’ complain ...
Thursday, 08 April 10
NAPOCOR GETS ONE OFFER AT COAL TENDER - ABS CBN
ABS- CBN News reported that, Philippine power producer National Power Corp. (Napocor) is likely to buy 50,000 tons of steam coal from PT Berau Coal ...
Wednesday, 07 April 10
DRY BULK MARKET LOOKING FOR DIRECTION
The dry bulk market has kept a low profile during the past week, as evidenced by the small changes of a usually rather turbulent Baltic Dry Index (B ...
Tuesday, 06 April 10
NEWCASTLE COAL EXPORTS RISE 24%, SHIP QUEUE SHORTENS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in power st ...
Tuesday, 06 April 10
UAE STEEL TRADERS FEAR LOSSES ON GLOBAL HIKE
A sudden spurt in the price of iron ore in the international market has caught local steel traders and manufacturers and a host of other steel-depen ...
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- Siam City Cement PLC, Thailand
- Jindal Steel & Power Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Agrawal Coal Company - India
- Madhucon Powers Ltd - India
- Altura Mining Limited, Indonesia
- Cigading International Bulk Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- Indian Oil Corporation Limited
- Maharashtra Electricity Regulatory Commission - India
- Timah Investasi Mineral - Indoneisa
- Toyota Tsusho Corporation, Japan
- Coalindo Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- Semirara Mining Corp, Philippines
- Kumho Petrochemical, South Korea
- Commonwealth Bank - Australia
- Grasim Industreis Ltd - India
- OPG Power Generation Pvt Ltd - India
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- Oldendorff Carriers - Singapore
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- GN Power Mariveles Coal Plant, Philippines
- Rio Tinto Coal - Australia
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Karaikal Port Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Kalimantan Lumbung Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- Thai Mozambique Logistica
- Bukit Makmur.PT - Indonesia
- Aboitiz Power Corporation - Philippines
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- MS Steel International - UAE
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Orica Australia Pty. Ltd.
- Cement Manufacturers Association - India
- Malabar Cements Ltd - India
- Binh Thuan Hamico - Vietnam
- Siam City Cement - Thailand
- Singapore Mercantile Exchange
- Coastal Gujarat Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Global Business Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Bharathi Cement Corporation - India
- Xindia Steels Limited - India
- Parliament of New Zealand
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Iligan Light & Power Inc, Philippines
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Sarangani Energy Corporation, Philippines
- Australian Commodity Traders Exchange
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Electricity Generating Authority of Thailand
- Kobexindo Tractors - Indoneisa
- SMC Global Power, Philippines
- Meralco Power Generation, Philippines
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Australian Coal Association
- New Zealand Coal & Carbon
- Tata Chemicals Ltd - India
- Wood Mackenzie - Singapore
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- Bangladesh Power Developement Board
- Ambuja Cements Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Tamil Nadu electricity Board
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Energy Link Ltd, New Zealand
- Jaiprakash Power Ventures ltd
- IEA Clean Coal Centre - UK
- Attock Cement Pakistan Limited
- Mercator Lines Limited - India
- Africa Commodities Group - South Africa
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Posco Energy - South Korea
- Kepco SPC Power Corporation, Philippines
- Mintek Dendrill Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Global Green Power PLC Corporation, Philippines
- Gujarat Sidhee Cement - India
- Parry Sugars Refinery, India
- Ind-Barath Power Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Holcim Trading Pte Ltd - Singapore
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
- Heidelberg Cement - Germany
- Intertek Mineral Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Orica Mining Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Bulk Trading Sa - Switzerland
- TNB Fuel Sdn Bhd - Malaysia
- Indian Energy Exchange, India
- Renaissance Capital - South Africa
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- Wilmar Investment Holdings
- Sakthi Sugars Limited - India
- Therma Luzon, Inc, Philippines
- Star Paper Mills Limited - India
- AsiaOL BioFuels Corp., Philippines
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- Romanian Commodities Exchange
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- The University of Queensland
- Manunggal Multi Energi - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Marubeni Corporation - India
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- PNOC Exploration Corporation - Philippines
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Indonesian Coal Mining Association
- Bukit Asam (Persero) Tbk - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- The Treasury - Australian Government
- Indogreen Group - Indonesia
- London Commodity Brokers - England
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Kaltim Prima Coal - Indonesia
- Planning Commission, India
- International Coal Ventures Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Mjunction Services Limited - India
- PetroVietnam Power Coal Import and Supply Company
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Thiess Contractors Indonesia
- Aditya Birla Group - India
- Bhatia International Limited - India
- Indika Energy - Indonesia
- GMR Energy Limited - India
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
- PTC India Limited - India
- ICICI Bank Limited - India
- PowerSource Philippines DevCo
- Directorate Of Revenue Intelligence - India
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- Krishnapatnam Port Company Ltd. - India
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