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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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Tuesday, 23 February 10
UAE COMPANY TO ACQUIRE CONTROL OF ALLBOND MAKMUR
The Jakarta globe reported that, Renuka Energy Resources Holding, based in the United Arab Emirates, has signed an agreement to acquire 80 percent o ...
Tuesday, 23 February 10
CIL SHORTLISTS 24 FOREIGN COS FOR JV
India's Economic Times reported that, Coal India has shortlisted 24 foreign firms — six each from the US, Australia, South Africa and Indones ...
Saturday, 20 February 10
THE FREIGHT MARKET CONTINUED TO BE SOFT THIS WEEK - CAPT. REDDY
COALspot.com: The freight market continued to be soft this week as still affect of Chinese new year holidays continue. However the index overall had ...
Friday, 19 February 10
MAKING THE JOINT COOPERATION OF PRIVATE GOVERNMENT IN INDONESIA
COALspot.com - Press Release
1. Revision of the presidential decree 67/2005 has been signed by the President on January 28, 2010 with the public ...
Thursday, 18 February 10
THE INDIAN MARKET IS FIRMING A BIT, DUE TO LACK OF TONNAGE IN THE REGION
HANDY
The BSI still decline as holidays around the world have reduced trading.
...
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- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
- Commonwealth Bank - Australia
- PNOC Exploration Corporation - Philippines
- Economic Council, Georgia
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Tata Chemicals Ltd - India
- European Bulk Services B.V. - Netherlands
- Independent Power Producers Association of India
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- Sindya Power Generating Company Private Ltd
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- Ministry of Transport, Egypt
- CIMB Investment Bank - Malaysia
- Parliament of New Zealand
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- The University of Queensland
- Jaiprakash Power Ventures ltd
- Indogreen Group - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- SMG Consultants - Indonesia
- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
- Global Green Power PLC Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GAC Shipping (India) Pvt Ltd
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- VISA Power Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- Globalindo Alam Lestari - Indonesia
- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
- MS Steel International - UAE
- GMR Energy Limited - India
- Vedanta Resources Plc - India
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Merrill Lynch Commodities Europe
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Indo Tambangraya Megah - Indonesia
- Iligan Light & Power Inc, Philippines
- Bhatia International Limited - India
- Bukit Makmur.PT - Indonesia
- Energy Link Ltd, New Zealand
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
- Larsen & Toubro Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
- Romanian Commodities Exchange
- Energy Development Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Kobexindo Tractors - Indoneisa
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- London Commodity Brokers - England
- Chettinad Cement Corporation Ltd - India
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- ASAPP Information Group - India
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Offshore Bulk Terminal Pte Ltd, Singapore
- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate Of Revenue Intelligence - India
- CNBM International Corporation - China
- Kaltim Prima Coal - Indonesia
- Semirara Mining Corp, Philippines
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- Xindia Steels Limited - India
- GVK Power & Infra Limited - India
- Indonesian Coal Mining Association
- Gujarat Mineral Development Corp Ltd - India
- Videocon Industries ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Mercator Lines Limited - India
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- Australian Commodity Traders Exchange
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Finance - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- ICICI Bank Limited - India
- Altura Mining Limited, Indonesia
- Savvy Resources Ltd - HongKong
- Miang Besar Coal Terminal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Intertek Mineral Services - Indonesia
- Minerals Council of Australia
- IHS Mccloskey Coal Group - USA
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- Indika Energy - Indonesia
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- Simpson Spence & Young - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Georgia Ports Authority, United States
- Renaissance Capital - South Africa
- Siam City Cement PLC, Thailand
- Ind-Barath Power Infra Limited - India
- San Jose City I Power Corp, Philippines
- Malabar Cements Ltd - India
- Wood Mackenzie - Singapore
- Aboitiz Power Corporation - Philippines
- Bulk Trading Sa - Switzerland
- Leighton Contractors Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- Carbofer General Trading SA - India
- Global Business Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- Sical Logistics Limited - India
- Banpu Public Company Limited - Thailand
- Lanco Infratech Ltd - India
- Mintek Dendrill Indonesia
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- South Luzon Thermal Energy Corporation
- Uttam Galva Steels Limited - India
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- Mjunction Services Limited - India
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Electricity Authority, New Zealand
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Planning Commission, India
- Binh Thuan Hamico - Vietnam
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- Wilmar Investment Holdings
- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Coal Association
- Rashtriya Ispat Nigam Limited - India
- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
- Coal and Oil Company - UAE
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
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