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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 $1.7 billion in the current fiscal.
The company is now producing 430 million tonnes of coal, which is expected to reach 700 million tonnes over the next 10 years, Bhattacharyya said.
CIL has also secured exploration licences for two blocks in Mozambique and expects to start work there soon.
“We are expecting one billion tonnes reserves from these blocks,” he said.
Bhattacharyya also spoke about the company’s corporate social responsibilities. “As we are expanding our coal mining operations, its our responsibility to grow more trees than we have cut. We are passionately pursuing the afforestation programme.”
The company is adopting clean technology to reduce the impact of mining on the environment, he said.
Source: Business News - INAS
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Sunday, 07 March 10
SHIPS WERE FIXED AT AROUND US$ 16,000 PER DAY FOR TRIP VIA INDONESIA TO INDIA - CAPT. REDDY
COALspot.com: The freight market was quite buoyant this week and BDI was up by 18 pct . The Cape index up by 23.60 pct and Panamax index was up by 1 ...
Saturday, 06 March 10
ESSAR TO BUY US COAL FIRM FOR $550-600 MN
Business-Standard reported that, the Essar Group is close to buying Trinity Coal, one of the top 10 coal producers in the US, in a deal worth $550-6 ...
Friday, 05 March 10
KARNATAKA POWER SEEKS 900,000 TONS STEAMING COAL OVER 9 MONTHS
Bloomberg reported that, Karnataka Power Corp., an Indian electricity generator, is seeking to import 900,000 metric tons of steaming coal over nine ...
Friday, 05 March 10
COAL RALLY ON CHINESE DEMAND SPARKS $59 ESTIMATES
Bloomberg reportd that, A rally that has boosted coal prices 21 percent from their lows last year may have further to go as the coldest U.S. winter ...
Thursday, 04 March 10
BANPU KEEPS JORONG OUTPUT AT 2M TONNES
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is maintaining an output target of 2 million tonnes this year from its Jorong mi ...
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- CNBM International Corporation - China
- Meenaskhi Energy Private Limited - India
- Romanian Commodities Exchange
- Ministry of Finance - Indonesia
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Goldman Sachs - Singapore
- Binh Thuan Hamico - Vietnam
- Vedanta Resources Plc - India
- Marubeni Corporation - India
- PowerSource Philippines DevCo
- Energy Development Corp, Philippines
- Bhoruka Overseas - Indonesia
- PTC India Limited - India
- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Billiton Holdings Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Coal and Oil Company - UAE
- Latin American Coal - Colombia
- Edison Trading Spa - Italy
- Cement Manufacturers Association - India
- Georgia Ports Authority, United States
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Wilmar Investment Holdings
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- Posco Energy - South Korea
- Standard Chartered Bank - UAE
- Australian Coal Association
- The State Trading Corporation of India Ltd
- IEA Clean Coal Centre - UK
- Heidelberg Cement - Germany
- Singapore Mercantile Exchange
- Madhucon Powers Ltd - India
- Ministry of Transport, Egypt
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Merrill Lynch Commodities Europe
- TeaM Sual Corporation - Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Manunggal Multi Energi - Indonesia
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- Gujarat Sidhee Cement - India
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- Thai Mozambique Logistica
- Kapuas Tunggal Persada - Indonesia
- Sakthi Sugars Limited - India
- Ambuja Cements Ltd - India
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Commonwealth Bank - Australia
- Agrawal Coal Company - India
- Kaltim Prima Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Siam City Cement PLC, Thailand
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Tamil Nadu electricity Board
- Mjunction Services Limited - India
- Electricity Authority, New Zealand
- OPG Power Generation Pvt Ltd - India
- White Energy Company Limited
- Iligan Light & Power Inc, Philippines
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- Global Coal Blending Company Limited - Australia
- Ind-Barath Power Infra Limited - India
- Chamber of Mines of South Africa
- The Treasury - Australian Government
- Petron Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Videocon Industries ltd - India
- IHS Mccloskey Coal Group - USA
- GN Power Mariveles Coal Plant, Philippines
- Intertek Mineral Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Mintek Dendrill Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Malabar Cements Ltd - India
- European Bulk Services B.V. - Netherlands
- Sindya Power Generating Company Private Ltd
- Kobexindo Tractors - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Parliament of New Zealand
- Central Electricity Authority - India
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- ASAPP Information Group - India
- Kohat Cement Company Ltd. - Pakistan
- SMC Global Power, Philippines
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- Kideco Jaya Agung - Indonesia
- Electricity Generating Authority of Thailand
- Asmin Koalindo Tuhup - Indonesia
- Bulk Trading Sa - Switzerland
- Minerals Council of Australia
- PNOC Exploration Corporation - Philippines
- Baramulti Group, Indonesia
- Semirara Mining and Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Rio Tinto Coal - Australia
- Savvy Resources Ltd - HongKong
- Larsen & Toubro Limited - India
- Bukit Makmur.PT - Indonesia
- Indian Oil Corporation Limited
- London Commodity Brokers - England
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Cigading International Bulk Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Salva Resources Pvt Ltd - India
- Indian Energy Exchange, India
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Bukit Baiduri Energy - Indonesia
- Grasim Industreis Ltd - India
- Eastern Coal Council - USA
- Semirara Mining Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Siam City Cement - Thailand
- Indika Energy - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Bahari Cakrawala Sebuku - Indonesia
- India Bulls Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- Xindia Steels Limited - India
- Altura Mining Limited, Indonesia
- Vizag Seaport Private Limited - India
- South Luzon Thermal Energy Corporation
- Alfred C Toepfer International GmbH - Germany
- Eastern Energy - Thailand
- Riau Bara Harum - Indonesia
- MS Steel International - UAE
- Mercuria Energy - Indonesia
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- GMR Energy Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Parry Sugars Refinery, India
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
- Therma Luzon, Inc, Philippines
- Power Finance Corporation Ltd., India
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