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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 $1.7 billion in the current fiscal.
The company is now producing 430 million tonnes of coal, which is expected to reach 700 million tonnes over the next 10 years, Bhattacharyya said.
CIL has also secured exploration licences for two blocks in Mozambique and expects to start work there soon.
“We are expecting one billion tonnes reserves from these blocks,” he said.
Bhattacharyya also spoke about the company’s corporate social responsibilities. “As we are expanding our coal mining operations, its our responsibility to grow more trees than we have cut. We are passionately pursuing the afforestation programme.”
The company is adopting clean technology to reduce the impact of mining on the environment, he said.
Source: Business News - INAS
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Monday, 01 March 10
166 MINING COMPANIES THREATEN ENVIRONMENT
Viva News reported that, the Indonesian Forum for the Environment (Walhi) of East Kalimantan reveals that 166 coal mining companies, which are curre ...
Monday, 01 March 10
IRON ORE PRICE NEGOTIATIONS - 80PCT HIKE SEEN BY CHINESE
China Knowledge quoted an insider from a large Chinese steel company said there will be a significant increase in steel prices in the next few month ...
Sunday, 28 February 10
SUPRAMAX CHARTER RATES FOR ONE YEAR IS AROUND US$ 19,000/20,000 PER DAY - VISTAAR SINGAPORE
COALspot.com : The freight market firmed up by almost 10 pct on Supramax and Handy size and about 7 pct on Panamax.
However it was interesting to ...
Sunday, 28 February 10
MINISTRY SEEKS TWO YEAR DELAY TO IMPLEMENT ENVIRONMENT LAW
The Jakarta Post reported that, The ministry of energy and mineral resources has proposed that the government postpone the implementation of the 200 ...
Sunday, 28 February 10
CONTINENTAL TARGETS COAL SALES FROM S AFRICA MINE IN Q2 - MINING WEEKLY
Mining weekly reported that, Junior coal explorer Continental Coal would start coal sales from its Vlakvarkfontein mine, in South Africa, in the sec ...
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- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Deloitte Consulting - India
- Jindal Steel & Power Ltd - India
- Latin American Coal - Colombia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Semirara Mining and Power Corporation, Philippines
- Sakthi Sugars Limited - India
- ICICI Bank Limited - India
- Pendopo Energi Batubara - Indonesia
- Vizag Seaport Private Limited - India
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- GVK Power & Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Karaikal Port Pvt Ltd - India
- Tata Chemicals Ltd - India
- Australian Coal Association
- Sree Jayajothi Cements Limited - India
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Marubeni Corporation - India
- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Aditya Birla Group - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Semirara Mining Corp, Philippines
- Goldman Sachs - Singapore
- Bukit Makmur.PT - Indonesia
- Grasim Industreis Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
- Coal and Oil Company - UAE
- Bhushan Steel Limited - India
- Georgia Ports Authority, United States
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kalimantan Lumbung Energi - Indonesia
- Kideco Jaya Agung - Indonesia
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- GMR Energy Limited - India
- San Jose City I Power Corp, Philippines
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Dalmia Cement Bharat India
- Posco Energy - South Korea
- Coastal Gujarat Power Limited - India
- Global Green Power PLC Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Savvy Resources Ltd - HongKong
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- CIMB Investment Bank - Malaysia
- IHS Mccloskey Coal Group - USA
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Power Finance Corporation Ltd., India
- Thai Mozambique Logistica
- Interocean Group of Companies - India
- Indo Tambangraya Megah - Indonesia
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Sarangani Energy Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- The Treasury - Australian Government
- Indika Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
- Planning Commission, India
- Indonesian Coal Mining Association
- Karbindo Abesyapradhi - Indoneisa
- PowerSource Philippines DevCo
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The University of Queensland
- The State Trading Corporation of India Ltd
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Banpu Public Company Limited - Thailand
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- Mintek Dendrill Indonesia
- Tamil Nadu electricity Board
- Bulk Trading Sa - Switzerland
- Central Java Power - Indonesia
- Uttam Galva Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Kohat Cement Company Ltd. - Pakistan
- Bhatia International Limited - India
- Eastern Energy - Thailand
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- Ministry of Transport, Egypt
- Binh Thuan Hamico - Vietnam
- Singapore Mercantile Exchange
- Kepco SPC Power Corporation, Philippines
- Parliament of New Zealand
- Formosa Plastics Group - Taiwan
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- Ministry of Mines - Canada
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Essar Steel Hazira Ltd - India
- Anglo American - United Kingdom
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Cigading International Bulk Terminal - Indonesia
- Romanian Commodities Exchange
- Rio Tinto Coal - Australia
- Orica Mining Services - Indonesia
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Standard Chartered Bank - UAE
- Mercator Lines Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kumho Petrochemical, South Korea
- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
- PTC India Limited - India
- Salva Resources Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Carbofer General Trading SA - India
- TNB Fuel Sdn Bhd - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Barasentosa Lestari - Indonesia
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Videocon Industries ltd - India
- Minerals Council of Australia
- South Luzon Thermal Energy Corporation
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Eastern Coal Council - USA
- Larsen & Toubro Limited - India
- Meenaskhi Energy Private Limited - India
- Global Business Power Corporation, Philippines
- Agrawal Coal Company - India
- Bahari Cakrawala Sebuku - Indonesia
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- VISA Power Limited - India
- Ambuja Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Ind-Barath Power Infra Limited - India
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Mjunction Services Limited - India
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Metalloyd Limited - United Kingdom
- Indian Energy Exchange, India
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- Alfred C Toepfer International GmbH - Germany
- Jaiprakash Power Ventures ltd
- Kaltim Prima Coal - Indonesia
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- McConnell Dowell - Australia
- Bukit Baiduri Energy - Indonesia
- Economic Council, Georgia
- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- Miang Besar Coal Terminal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Global Coal Blending Company Limited - Australia
- Directorate Of Revenue Intelligence - India
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- AsiaOL BioFuels Corp., Philippines
- European Bulk Services B.V. - Netherlands
- Leighton Contractors Pty Ltd - Australia
- Cement Manufacturers Association - India
- Globalindo Alam Lestari - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
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