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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, 08 February 10
BLACK RIDGE MINING APPOINTS INDEPENDENT CONSULTANT
Australian-listed Black Ridge Mining has announced the appointment of David Tuit as an independent consultant to assist with the assessment of the c ...
Monday, 08 February 10
SOUTH AFRICAN EXPORT COAL RISES FOR FIRST TIME IN FOUR WEEKS
Prices for coal shipped from South Africa’s Richards Bay, the continent’s biggest export facility for the fuel, posted their first gain ...
Monday, 08 February 10
NTPC HOPES TO START ON 500-MW PROJECT IN SRI LANKA BY FEB-END
NTPC sources told Business Standard, “All formalities from our government and NTPC have been completed.
The opinion of the Sri Lankan atto ...
Sunday, 07 February 10
AN AUSTRALIAN FIRM HAS SIGNED A $60BN DEAL TO SUPPLY COAL TO CHINESE POWER STATIONS
Clive Palmer, chairman of the company, Resourcehouse, said it was Australia's "biggest ever export contract".
Under the deal, the firm ...
Saturday, 06 February 10
FREIGHT WOULD CONTINUE TO BE SOFT NEXT WEEK - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week including the stock markets. The main reason seems to be Chinese ne ...
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- New Zealand Coal & Carbon
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- VISA Power Limited - India
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- AsiaOL BioFuels Corp., Philippines
- Attock Cement Pakistan Limited
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- Thiess Contractors Indonesia
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- Merrill Lynch Commodities Europe
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- Toyota Tsusho Corporation, Japan
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- IHS Mccloskey Coal Group - USA
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- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- Trasteel International SA, Italy
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- Samtan Co., Ltd - South Korea
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- OPG Power Generation Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- London Commodity Brokers - England
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- Renaissance Capital - South Africa
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- Wood Mackenzie - Singapore
- GAC Shipping (India) Pvt Ltd
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- Heidelberg Cement - Germany
- Mjunction Services Limited - India
- Energy Link Ltd, New Zealand
- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- Commonwealth Bank - Australia
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- Ministry of Mines - Canada
- Economic Council, Georgia
- Siam City Cement PLC, Thailand
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- Sinarmas Energy and Mining - Indonesia
- Indonesian Coal Mining Association
- GVK Power & Infra Limited - India
- Aditya Birla Group - India
- Mercuria Energy - Indonesia
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- Energy Development Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Ministry of Finance - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Metalloyd Limited - United Kingdom
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- Neyveli Lignite Corporation Ltd, - India
- White Energy Company Limited
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- Bhushan Steel Limited - India
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- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- The Treasury - Australian Government
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- Electricity Generating Authority of Thailand
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- Australian Commodity Traders Exchange
- Semirara Mining and Power Corporation, Philippines
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- The State Trading Corporation of India Ltd
- Asmin Koalindo Tuhup - Indonesia
- Thai Mozambique Logistica
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- Eastern Coal Council - USA
- Bulk Trading Sa - Switzerland
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- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- Central Electricity Authority - India
- Parliament of New Zealand
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- Dalmia Cement Bharat India
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- Jaiprakash Power Ventures ltd
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