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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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Saturday, 27 March 10
CHINA TO REMAIN NET COAL IMPORTER IN NEAR FUTURE - STEEL GURU
Xinhua News cited Mr Wu Chenghou a councilor with the China Coal Transportation and Marketing Association as saying that China will remain a net coa ...
Friday, 26 March 10
CHINA PLANS TO INCREASES IMPORT COAL GREATLY IN 2010
– Asia Pacific Coal Trading & Investment Outlook 2010-
COALspot.com (Press Release): China plans to increase coal import significantly ...
Friday, 26 March 10
NTPC IN TALKS FOR INDONESIAN MINE - LIVE MINT
The deal for the coal mine with 1.8 bn tonnes of reserves may be valued at $1 bn
Live Mint reported that, State-run power utility NTPC Ltd is in ta ...
Friday, 26 March 10
ESSAR GROUP SIGNS DEAL FOR INDONESIAN COAL MINE - BUSINESS LINE
Looking ahead
The coal from the Indonesian mine would provide raw material to the group's power projects
The Aries coal mines acquired by the gro ...
Thursday, 25 March 10
CHINA RAILWAY WINS $4.8 BILLION INDONESIA PROJECT - BLOOMBERG
Bloomberg reported that, China Railway Group Ltd. won a $4.8 billion order from PT Bukit Asam, Indonesia’s state-owned coal producer, for a co ...
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- Ind-Barath Power Infra Limited - India
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- Barasentosa Lestari - Indonesia
- PTC India Limited - India
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Mercator Lines Limited - India
- Marubeni Corporation - India
- SMC Global Power, Philippines
- GAC Shipping (India) Pvt Ltd
- Kohat Cement Company Ltd. - Pakistan
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- Africa Commodities Group - South Africa
- Meenaskhi Energy Private Limited - India
- Parliament of New Zealand
- Thai Mozambique Logistica
- Price Waterhouse Coopers - Russia
- Australian Coal Association
- Karbindo Abesyapradhi - Indoneisa
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- AsiaOL BioFuels Corp., Philippines
- VISA Power Limited - India
- Borneo Indobara - Indonesia
- Romanian Commodities Exchange
- Bhatia International Limited - India
- Indika Energy - Indonesia
- Bhoruka Overseas - Indonesia
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- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Eastern Coal Council - USA
- SN Aboitiz Power Inc, Philippines
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- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
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- Orica Mining Services - Indonesia
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- Georgia Ports Authority, United States
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Anglo American - United Kingdom
- Cement Manufacturers Association - India
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Wilmar Investment Holdings
- Essar Steel Hazira Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
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- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- Standard Chartered Bank - UAE
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- Bhushan Steel Limited - India
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- LBH Netherlands Bv - Netherlands
- IEA Clean Coal Centre - UK
- Energy Link Ltd, New Zealand
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- Kideco Jaya Agung - Indonesia
- Posco Energy - South Korea
- Singapore Mercantile Exchange
- Asmin Koalindo Tuhup - Indonesia
- Uttam Galva Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- GVK Power & Infra Limited - India
- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- Tamil Nadu electricity Board
- Interocean Group of Companies - India
- International Coal Ventures Pvt Ltd - India
- Mjunction Services Limited - India
- European Bulk Services B.V. - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Straits Asia Resources Limited - Singapore
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- India Bulls Power Limited - India
- Siam City Cement - Thailand
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Kumho Petrochemical, South Korea
- Krishnapatnam Port Company Ltd. - India
- Trasteel International SA, Italy
- Sical Logistics Limited - India
- Samtan Co., Ltd - South Korea
- Bharathi Cement Corporation - India
- Carbofer General Trading SA - India
- Timah Investasi Mineral - Indoneisa
- Aditya Birla Group - India
- Metalloyd Limited - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- Bayan Resources Tbk. - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Orica Australia Pty. Ltd.
- Sojitz Corporation - Japan
- Agrawal Coal Company - India
- Gujarat Sidhee Cement - India
- Dalmia Cement Bharat India
- Sinarmas Energy and Mining - Indonesia
- Central Electricity Authority - India
- ICICI Bank Limited - India
- MS Steel International - UAE
- Xindia Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bulk Trading Sa - Switzerland
- Salva Resources Pvt Ltd - India
- Jindal Steel & Power Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Jaiprakash Power Ventures ltd
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Economic Council, Georgia
- Merrill Lynch Commodities Europe
- Kartika Selabumi Mining - Indonesia
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Edison Trading Spa - Italy
- Binh Thuan Hamico - Vietnam
- Savvy Resources Ltd - HongKong
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- Planning Commission, India
- TNB Fuel Sdn Bhd - Malaysia
- TeaM Sual Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Central Java Power - Indonesia
- Madhucon Powers Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Tata Chemicals Ltd - India
- Grasim Industreis Ltd - India
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- Mintek Dendrill Indonesia
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
- Vedanta Resources Plc - India
- Latin American Coal - Colombia
- Banpu Public Company Limited - Thailand
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Chamber of Mines of South Africa
- Sree Jayajothi Cements Limited - India
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- Intertek Mineral Services - Indonesia
- Sakthi Sugars Limited - India
- Petron Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Ambuja Cements Ltd - India
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- Aboitiz Power Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- The University of Queensland
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- McConnell Dowell - Australia
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Videocon Industries ltd - India
- Karaikal Port Pvt Ltd - India
- Meralco Power Generation, Philippines
- Energy Development Corp, Philippines
- Bangladesh Power Developement Board
- Sindya Power Generating Company Private Ltd
- Mercuria Energy - Indonesia
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- Altura Mining Limited, Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
- White Energy Company Limited
- Baramulti Group, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indo Tambangraya Megah - Indonesia
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