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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, 18 February 10
COAL MINERS FACE SHUTDOWN OVER RECLAMATION FUNDING
Three coal mining companies may be forced to temporarily stop operations this year if they fail to provide funding for a site-reclamation program.
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Thursday, 18 February 10
DECOUPLING FROM OIL PRICES ON STRONG GLOBAL ENERGY DEMAND
A recent coal market conference in Singapore focused on two main issues –— the demand for coal as a source of energy, and coal pricing.& ...
Thursday, 18 February 10
INDONESIA TO INVITE BIDS FOR $1.5 BLN COAL RAILWAY IN MAY
Indonesia plans to invite investors to bid for contracts to build a $1.5 billion coal railway line in Central Kalimantan, a planning ministry offici ...
Thursday, 18 February 10
INDONESIA ZONING RULE THREATENS MINING - INDUSTRY
Reuters reported that, confusion over a new Indonesian land use regulation could halt the operations of some mining firms, providing a new threat to ...
Wednesday, 17 February 10
LAND OVERLAPPING UNAVOIDABLE
Land overlapping issues in the mining industry is unavoidable due to the availability of mineral, coal, and oil resources which are often located be ...
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- Bulk Trading Sa - Switzerland
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- Economic Council, Georgia
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- Georgia Ports Authority, United States
- Meralco Power Generation, Philippines
- ICICI Bank Limited - India
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- India Bulls Power Limited - India
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- Romanian Commodities Exchange
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- Bahari Cakrawala Sebuku - Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Toyota Tsusho Corporation, Japan
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- Australian Commodity Traders Exchange
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- Indo Tambangraya Megah - Indonesia
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- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
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- The University of Queensland
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
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- Electricity Generating Authority of Thailand
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- Coal and Oil Company - UAE
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Electricity Authority, New Zealand
- Barasentosa Lestari - Indonesia
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- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
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- Eastern Coal Council - USA
- Siam City Cement - Thailand
- White Energy Company Limited
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- Parliament of New Zealand
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- Globalindo Alam Lestari - Indonesia
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- New Zealand Coal & Carbon
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- Thiess Contractors Indonesia
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- Jindal Steel & Power Ltd - India
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- Jaiprakash Power Ventures ltd
- The Treasury - Australian Government
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Gujarat Mineral Development Corp Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
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- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
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- Oldendorff Carriers - Singapore
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- Eastern Energy - Thailand
- PNOC Exploration Corporation - Philippines
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Lanco Infratech Ltd - India
- Binh Thuan Hamico - Vietnam
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- Australian Coal Association
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- Bukit Makmur.PT - Indonesia
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- Planning Commission, India
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- Alfred C Toepfer International GmbH - Germany
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- Ambuja Cements Ltd - India
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Gujarat Sidhee Cement - India
- Asmin Koalindo Tuhup - Indonesia
- ASAPP Information Group - India
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- Tamil Nadu electricity Board
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- Indian Energy Exchange, India
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