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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 $1.7 billion in the current fiscal.
The company is now producing 430 million tonnes of coal, which is expected to reach 700 million tonnes over the next 10 years, Bhattacharyya said.
CIL has also secured exploration licences for two blocks in Mozambique and expects to start work there soon.
“We are expecting one billion tonnes reserves from these blocks,” he said.
Bhattacharyya also spoke about the company’s corporate social responsibilities. “As we are expanding our coal mining operations, its our responsibility to grow more trees than we have cut. We are passionately pursuing the afforestation programme.”
The company is adopting clean technology to reduce the impact of mining on the environment, he said.
Source: Business News - INAS
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Tuesday, 30 March 10
CHINA'S DROUGHT RAISES COAL PRICES, LOWERS HYDROPOWER
Bloomberg reported that, Benchmark coal prices at Qinhuangdao, China’s largest port handling the fuel, rose for the first time in 10 weeks aft ...
Tuesday, 30 March 10
PRICES FOR COKING COAL, IRON ORE TO SOAR AMID BURGEONING STEEL DEMAND: SCOTIABANK
Winnipeg Free Press reported that, Strong steel demand from China and a recovery in the developed world will push coking coal prices 56 per ce ...
Sunday, 28 March 10
DEMAND FROM INDIA RESHAPING THE GLOBAL COAL MARKET - DAVE FOREST
Attention international coal industry. There's a new kid on the block.
The nation of India.
India is emerging as a major re-shaping force for ...
Sunday, 28 March 10
SHIPS FROM WC INDIA TO CHINA CONTINUED TO BE FIXED AT HEALTHY LEVELS AT AROUND US$ 50/52,000 PER DAY - VISTAAR
COALspot.com: The dry bulk freight market seemed to be heading for a correction with all the indices dropping by 8-10 pct except for handy size whic ...
Saturday, 27 March 10
CHINA DROUGHT MAY RAISE COAL DEMAND, BOOST PRICES, CLSA SAYS - BLOOMBERG
Bloomberg reported that, Droughts in southwest China may increase demand for coal used in power plants, and ‘support” prices in the &ldq ...
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- TeaM Sual Corporation - Philippines
- Meenaskhi Energy Private Limited - India
- Cement Manufacturers Association - India
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- Marubeni Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Wilmar Investment Holdings
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- Sojitz Corporation - Japan
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Antam Resourcindo - Indonesia
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- CNBM International Corporation - China
- Medco Energi Mining Internasional
- Eastern Energy - Thailand
- Karaikal Port Pvt Ltd - India
- Siam City Cement PLC, Thailand
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Malabar Cements Ltd - India
- Price Waterhouse Coopers - Russia
- The State Trading Corporation of India Ltd
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- Kohat Cement Company Ltd. - Pakistan
- SMG Consultants - Indonesia
- Timah Investasi Mineral - Indoneisa
- Pipit Mutiara Jaya. PT, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Carbofer General Trading SA - India
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- IEA Clean Coal Centre - UK
- Semirara Mining Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Simpson Spence & Young - Indonesia
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- The University of Queensland
- Chamber of Mines of South Africa
- Ind-Barath Power Infra Limited - India
- Larsen & Toubro Limited - India
- Commonwealth Bank - Australia
- Anglo American - United Kingdom
- Australian Coal Association
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- Georgia Ports Authority, United States
- Offshore Bulk Terminal Pte Ltd, Singapore
- Xindia Steels Limited - India
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Global Coal Blending Company Limited - Australia
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Ministry of Mines - Canada
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Agrawal Coal Company - India
- Orica Australia Pty. Ltd.
- South Luzon Thermal Energy Corporation
- PNOC Exploration Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Makarim & Taira - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bukit Baiduri Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- Globalindo Alam Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- ASAPP Information Group - India
- Coastal Gujarat Power Limited - India
- ICICI Bank Limited - India
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- Australian Commodity Traders Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Singapore Mercantile Exchange
- Neyveli Lignite Corporation Ltd, - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Jaiprakash Power Ventures ltd
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Madhucon Powers Ltd - India
- Indogreen Group - Indonesia
- Wood Mackenzie - Singapore
- Barasentosa Lestari - Indonesia
- Vizag Seaport Private Limited - India
- India Bulls Power Limited - India
- Aditya Birla Group - India
- VISA Power Limited - India
- The Treasury - Australian Government
- Mercator Lines Limited - India
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GMR Energy Limited - India
- Energy Link Ltd, New Zealand
- Africa Commodities Group - South Africa
- Sakthi Sugars Limited - India
- Independent Power Producers Association of India
- Bayan Resources Tbk. - Indonesia
- Altura Mining Limited, Indonesia
- White Energy Company Limited
- CIMB Investment Bank - Malaysia
- Siam City Cement - Thailand
- Trasteel International SA, Italy
- Deloitte Consulting - India
- Standard Chartered Bank - UAE
- Indian Energy Exchange, India
- Jorong Barutama Greston.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Rio Tinto Coal - Australia
- Metalloyd Limited - United Kingdom
- Bank of Tokyo Mitsubishi UFJ Ltd
- Planning Commission, India
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
- San Jose City I Power Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- Kobexindo Tractors - Indoneisa
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- Bukit Makmur.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- Ministry of Transport, Egypt
- Posco Energy - South Korea
- Baramulti Group, Indonesia
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Ministry of Finance - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Minerals Council of Australia
- Formosa Plastics Group - Taiwan
- Port Waratah Coal Services - Australia
- International Coal Ventures Pvt Ltd - India
- Interocean Group of Companies - India
- New Zealand Coal & Carbon
- Thai Mozambique Logistica
- Eastern Coal Council - USA
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- GVK Power & Infra Limited - India
- Salva Resources Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Heidelberg Cement - Germany
- Global Green Power PLC Corporation, Philippines
- Electricity Generating Authority of Thailand
- Goldman Sachs - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Billiton Holdings Pty Ltd - Australia
- MS Steel International - UAE
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- Meralco Power Generation, Philippines
- Economic Council, Georgia
- Lanco Infratech Ltd - India
- Sarangani Energy Corporation, Philippines
- Parliament of New Zealand
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