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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, 20 March 10
NO MAJOR CHANGES ON SUPRAMAX MARKET FOR NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com: “The dry bulk freight market continued to be firm on the Panamax and Supramax and Handy size vessels”, said Capt. Reddy MD ...
Thursday, 18 March 10
COAL IMPORTS SOAR IN NANTONG PORT OF JIANGSU PROVINCE CHINA
BloombergUTV reported that, Coal imports at Nantong Port, located in coastal China's Jiangsu Province, soared 13 times to 581,000 tonnes in the fir ...
Thursday, 18 March 10
INNER MONGOLIA TO CAP COAL OUTPUT AT 700 MLN TONS IN 2010
Alibaba / China Knowledge reported that, Inner Mongolia, China's northern border autonomous region, plans to control coal output at 700 million ton ...
Thursday, 18 March 10
THE INDIAN MARKET WAS QUIET, BUT BECAUSE OF THE TIGHT TONNAGE SITUATION STILL FIRM - FEARNLEYS AS
Handy
Activity continues to be solid in the Atlantic.
Supramax physical market is strong which pushed the BSI to a 17 month high at ...
Thursday, 18 March 10
INDONESIAN COAL PRODUCTION EXPECTED TO BEAT EARLIER FORECAST
The Jakarta Globe reported that, the government expects coal output this year to exceed its initial projection of 250 million metric tons as the dri ...
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- Sical Logistics Limited - India
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- IHS Mccloskey Coal Group - USA
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Generating Authority of Thailand
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- Economic Council, Georgia
- Videocon Industries ltd - India
- Price Waterhouse Coopers - Russia
- Orica Australia Pty. Ltd.
- Barasentosa Lestari - Indonesia
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- The Treasury - Australian Government
- GMR Energy Limited - India
- Eastern Energy - Thailand
- Siam City Cement PLC, Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Chamber of Mines of South Africa
- Petrochimia International Co. Ltd.- Taiwan
- Grasim Industreis Ltd - India
- Simpson Spence & Young - Indonesia
- The University of Queensland
- Salva Resources Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Sree Jayajothi Cements Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bangladesh Power Developement Board
- IEA Clean Coal Centre - UK
- Kapuas Tunggal Persada - Indonesia
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Mintek Dendrill Indonesia
- New Zealand Coal & Carbon
- Sarangani Energy Corporation, Philippines
- CNBM International Corporation - China
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- Energy Link Ltd, New Zealand
- Medco Energi Mining Internasional
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Straits Asia Resources Limited - Singapore
- Kepco SPC Power Corporation, Philippines
- Dalmia Cement Bharat India
- Ceylon Electricity Board - Sri Lanka
- Parry Sugars Refinery, India
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- Tata Chemicals Ltd - India
- Orica Mining Services - Indonesia
- Bharathi Cement Corporation - India
- Indian Oil Corporation Limited
- Agrawal Coal Company - India
- Meenaskhi Energy Private Limited - India
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Finance - Indonesia
- International Coal Ventures Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Makarim & Taira - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Aboitiz Power Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- Mercator Lines Limited - India
- Tamil Nadu electricity Board
- Carbofer General Trading SA - India
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Intertek Mineral Services - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhoruka Overseas - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Directorate Of Revenue Intelligence - India
- SN Aboitiz Power Inc, Philippines
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kobexindo Tractors - Indoneisa
- Mercuria Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Bayan Resources Tbk. - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Deloitte Consulting - India
- SMC Global Power, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Anglo American - United Kingdom
- Minerals Council of Australia
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- Ministry of Mines - Canada
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- White Energy Company Limited
- Electricity Authority, New Zealand
- Parliament of New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- PTC India Limited - India
- Romanian Commodities Exchange
- Australian Coal Association
- Renaissance Capital - South Africa
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- Banpu Public Company Limited - Thailand
- LBH Netherlands Bv - Netherlands
- Standard Chartered Bank - UAE
- Directorate General of MIneral and Coal - Indonesia
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Alfred C Toepfer International GmbH - Germany
- ASAPP Information Group - India
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- Indika Energy - Indonesia
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Attock Cement Pakistan Limited
- Leighton Contractors Pty Ltd - Australia
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kohat Cement Company Ltd. - Pakistan
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- Aditya Birla Group - India
- OPG Power Generation Pvt Ltd - India
- Central Electricity Authority - India
- Bukit Baiduri Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sojitz Corporation - Japan
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Indogreen Group - Indonesia
- SMG Consultants - Indonesia
- San Jose City I Power Corp, Philippines
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Central Java Power - Indonesia
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Rashtriya Ispat Nigam Limited - India
- Heidelberg Cement - Germany
- Global Business Power Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Indian Energy Exchange, India
- Lanco Infratech Ltd - India
- Power Finance Corporation Ltd., India
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Maheswari Brothers Coal Limited - India
- Singapore Mercantile Exchange
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- Interocean Group of Companies - India
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
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