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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, 14 March 10
CHINESE COAL PRICE MAY RISE TO TRADE NEAR SPOT, MACQUARIE SAYS
Bloomberg reported that, Steel mills in China, the world’s biggest producer of the alloy, may pay more for domestic coking coal this year as d ...
Sunday, 14 March 10
THERE IS NO INDICATION OF SLOWING DOWN OF IRON ORE AND COAL IMPORTS BY CHINA - VISTAAR SINGAPORE
COALspot.com: The dry bulk freight market continued the upward trend and the BDI closed 8.14 pct this week.
The Cape index up by 10.32 pct ...
Saturday, 13 March 10
INDONESIA COAL EXPORTS DROP IN FEBRUARY
COALspot.com: Indonesia, the world largest coal exporter, exported 24.38 million tons in January 2010 which fell slightly to 22.89 mln ton of coal i ...
Saturday, 13 March 10
INDONESIA TELLS BUKIT ASAM TO DITCH PARTNER IN SUMATRA RAILWAY UNLESS PROJECT STARTS
The Jakarta Globe reported that, the Indonesian government has urged state-owned miner PT Tambang Batubara Bukit Asam to look for new partners to he ...
Saturday, 13 March 10
OPTIMUM COAL AIMS TO RAISE R1,6 BILLION IN LISTING
All Africa reported that, COAL mining and exploration company Optimum Coal yesterday announced plans to list on the JSE at the end of the month ...
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- Carbofer General Trading SA - India
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Wood Mackenzie - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- South Luzon Thermal Energy Corporation
- Bhatia International Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Toyota Tsusho Corporation, Japan
- Eastern Coal Council - USA
- Economic Council, Georgia
- Australian Coal Association
- Georgia Ports Authority, United States
- GMR Energy Limited - India
- Neyveli Lignite Corporation Ltd, - India
- CIMB Investment Bank - Malaysia
- LBH Netherlands Bv - Netherlands
- Vedanta Resources Plc - India
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Barasentosa Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Xindia Steels Limited - India
- Planning Commission, India
- Eastern Energy - Thailand
- Agrawal Coal Company - India
- Savvy Resources Ltd - HongKong
- Chettinad Cement Corporation Ltd - India
- Billiton Holdings Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Port Waratah Coal Services - Australia
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Madhucon Powers Ltd - India
- Goldman Sachs - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Sree Jayajothi Cements Limited - India
- Kobexindo Tractors - Indoneisa
- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
- International Coal Ventures Pvt Ltd - India
- The University of Queensland
- GVK Power & Infra Limited - India
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Medco Energi Mining Internasional
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- VISA Power Limited - India
- Siam City Cement - Thailand
- Uttam Galva Steels Limited - India
- Mjunction Services Limited - India
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
- Orica Australia Pty. Ltd.
- Antam Resourcindo - Indonesia
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Riau Bara Harum - Indonesia
- Kumho Petrochemical, South Korea
- Sinarmas Energy and Mining - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- Tamil Nadu electricity Board
- PTC India Limited - India
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- IHS Mccloskey Coal Group - USA
- Cement Manufacturers Association - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Minerals Council of Australia
- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Jindal Steel & Power Ltd - India
- Parry Sugars Refinery, India
- Pendopo Energi Batubara - Indonesia
- Makarim & Taira - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Petron Corporation, Philippines
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- SMG Consultants - Indonesia
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- Salva Resources Pvt Ltd - India
- Larsen & Toubro Limited - India
- CNBM International Corporation - China
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- Mercator Lines Limited - India
- Essar Steel Hazira Ltd - India
- Meralco Power Generation, Philippines
- The Treasury - Australian Government
- Aditya Birla Group - India
- Lanco Infratech Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Edison Trading Spa - Italy
- Indo Tambangraya Megah - Indonesia
- Metalloyd Limited - United Kingdom
- Jaiprakash Power Ventures ltd
- Wilmar Investment Holdings
- SMC Global Power, Philippines
- Sical Logistics Limited - India
- Latin American Coal - Colombia
- Sakthi Sugars Limited - India
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- Electricity Authority, New Zealand
- Kapuas Tunggal Persada - Indonesia
- OPG Power Generation Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- London Commodity Brokers - England
- Anglo American - United Kingdom
- Indian Oil Corporation Limited
- PNOC Exploration Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- McConnell Dowell - Australia
- IEA Clean Coal Centre - UK
- Bukit Makmur.PT - Indonesia
- India Bulls Power Limited - India
- Manunggal Multi Energi - Indonesia
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Vizag Seaport Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Meenaskhi Energy Private Limited - India
- Independent Power Producers Association of India
- Indika Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Bayan Resources Tbk. - Indonesia
- Sarangani Energy Corporation, Philippines
- Merrill Lynch Commodities Europe
- Timah Investasi Mineral - Indoneisa
- Sindya Power Generating Company Private Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Ministry of Transport, Egypt
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- Interocean Group of Companies - India
- Bukit Baiduri Energy - Indonesia
- Indogreen Group - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kalimantan Lumbung Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- White Energy Company Limited
- Cigading International Bulk Terminal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Bharathi Cement Corporation - India
- Commonwealth Bank - Australia
- Power Finance Corporation Ltd., India
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- Binh Thuan Hamico - Vietnam
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- Alfred C Toepfer International GmbH - Germany
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Aboitiz Power Corporation - Philippines
- GN Power Mariveles Coal Plant, Philippines
- Indian Energy Exchange, India
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
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