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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, 11 March 10
THE INDIAN MARKET WAS A BIT QUIET BUT STILL FIRM - FEARNLEYS AS
Handy - Atlantic activity has kept its firm tendency throughout the week for handies, with Atlantic RV´s fixed in the USD.16000 region. With s ...
Thursday, 11 March 10
COAL PRICES SET TO RISE AMID CONFUSION OVER QUARTERLY SYSTEM
Trading room reported that, Coal prices are tipped to rise in coming months amid constrained supply and ongoing Chinese demand, and analysts are con ...
Wednesday, 10 March 10
PROTECTED FORESTS NOW UP FOR GRABS FOR MINING
The Jakarta Post reported that, the government has just issued two new regulations on forests, which could allow protected forests to be used for co ...
Tuesday, 09 March 10
REGULATION NO.23 OF 2010 CONCERNING IMPLEMENTATION OF NEW MINING LAW, PROVIDES MORE CLARITY ON OBTAINING A IUP
COALspot.com: Indonesian government has recently issued another regulation related to Law number 4 of 2009 concerning mineral and coal mining. Two r ...
Tuesday, 09 March 10
MINING LAW OPTIMIZES SECTOR
Law No. 4 / 2009 on Mineral and Coal Mining have given a new direction for the future of mining in Indonesia, including Domestic Market Obligation, ...
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- Energy Link Ltd, New Zealand
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- CNBM International Corporation - China
- Sarangani Energy Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Meenaskhi Energy Private Limited - India
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- Bangladesh Power Developement Board
- Xindia Steels Limited - India
- Energy Development Corp, Philippines
- Metalloyd Limited - United Kingdom
- Maheswari Brothers Coal Limited - India
- Savvy Resources Ltd - HongKong
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- SN Aboitiz Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Global Coal Blending Company Limited - Australia
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kobexindo Tractors - Indoneisa
- Alfred C Toepfer International GmbH - Germany
- Tamil Nadu electricity Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- TNB Fuel Sdn Bhd - Malaysia
- Intertek Mineral Services - Indonesia
- Australian Commodity Traders Exchange
- Ind-Barath Power Infra Limited - India
- Coal and Oil Company - UAE
- Cement Manufacturers Association - India
- McConnell Dowell - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Vedanta Resources Plc - India
- Dalmia Cement Bharat India
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- Planning Commission, India
- GVK Power & Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- TeaM Sual Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- Binh Thuan Hamico - Vietnam
- Eastern Coal Council - USA
- Economic Council, Georgia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- Barasentosa Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- PNOC Exploration Corporation - Philippines
- Bharathi Cement Corporation - India
- Ambuja Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Grasim Industreis Ltd - India
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- Attock Cement Pakistan Limited
- PowerSource Philippines DevCo
- Wilmar Investment Holdings
- Carbofer General Trading SA - India
- Baramulti Group, Indonesia
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Pendopo Energi Batubara - Indonesia
- The Treasury - Australian Government
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Australian Coal Association
- Kepco SPC Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Manunggal Multi Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Indian Oil Corporation Limited
- Formosa Plastics Group - Taiwan
- Standard Chartered Bank - UAE
- Rashtriya Ispat Nigam Limited - India
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- AsiaOL BioFuels Corp., Philippines
- Bayan Resources Tbk. - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Independent Power Producers Association of India
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- Coastal Gujarat Power Limited - India
- Therma Luzon, Inc, Philippines
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
- Trasteel International SA, Italy
- Agrawal Coal Company - India
- Coalindo Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Deloitte Consulting - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
- Commonwealth Bank - Australia
- Central Java Power - Indonesia
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- Altura Mining Limited, Indonesia
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- PTC India Limited - India
- Kartika Selabumi Mining - Indonesia
- Madhucon Powers Ltd - India
- Posco Energy - South Korea
- Banpu Public Company Limited - Thailand
- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- Rio Tinto Coal - Australia
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- Global Business Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Tata Chemicals Ltd - India
- Ministry of Finance - Indonesia
- MS Steel International - UAE
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The State Trading Corporation of India Ltd
- European Bulk Services B.V. - Netherlands
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- South Luzon Thermal Energy Corporation
- Africa Commodities Group - South Africa
- Indian Energy Exchange, India
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- Merrill Lynch Commodities Europe
- Bhatia International Limited - India
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Ministry of Mines - Canada
- Salva Resources Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Toyota Tsusho Corporation, Japan
- Anglo American - United Kingdom
- Central Electricity Authority - India
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Orica Mining Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Indika Energy - Indonesia
- Star Paper Mills Limited - India
- Petron Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- Singapore Mercantile Exchange
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- ASAPP Information Group - India
- Gujarat Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- International Coal Ventures Pvt Ltd - India
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- Iligan Light & Power Inc, Philippines
- The University of Queensland
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- Videocon Industries ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
- Mjunction Services Limited - India
- Port Waratah Coal Services - Australia
- ICICI Bank Limited - India
- Vizag Seaport Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
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