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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 $1.7 billion in the current fiscal.
The company is now producing 430 million tonnes of coal, which is expected to reach 700 million tonnes over the next 10 years, Bhattacharyya said.
CIL has also secured exploration licences for two blocks in Mozambique and expects to start work there soon.
“We are expecting one billion tonnes reserves from these blocks,” he said.
Bhattacharyya also spoke about the company’s corporate social responsibilities. “As we are expanding our coal mining operations, its our responsibility to grow more trees than we have cut. We are passionately pursuing the afforestation programme.”
The company is adopting clean technology to reduce the impact of mining on the environment, he said.
Source: Business News - INAS
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Monday, 25 January 10
MINING GROUPS MAY SEEK JUDICIAL REVIEW OF 2009 LAW
Indonesia’s mining associations said on Wednesday that they planned to seek a judicial review of the 2009 Mining Law this year if they are una ...
Monday, 25 January 10
INDONESIAN GOVERNMENT TO ISSUE REGULATION FOR IMPLEMENTATION OF MINERAL AND COAL MINING BUSINESS ACTIVITIES LAW NO.4 / 2009 SOON
COALspot.com (Indonesia): The government regulation concerning implementation of mineral and coal mining business activities Law no.4 / 2009 is expe ...
Monday, 25 January 10
DUQM IWPP'S COAL REQUIREMENTS PROJECTED AT 3MT PER YEAR
Oman's first coal-fired Independent Water and Power Project (IWPP) planned at Duqm is envisaged to have a feedstock requirement of around 3 million ...
Monday, 25 January 10
THE FUTURES FOR CAPE, PANAMAX AND SUPRAMAX FOR THREE YEARS (2010 - 2012) WAS AT AROUND US$ 32,000, US$ 20,000 AND US$ 17,000 PER DAY RESPECTIVELY
COALspot.com ( Singapore): The freight market remained flat this week the market slight soft.
BDI INDEX
The BDI was down by 95 points and closed ...
Saturday, 23 January 10
COAL CAMARADERIE
Union coal minister Shriprakash Jaiswal feels Asian countries should join hands in developing minerals, particularly coal.
At the third Asian Min ...
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- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- Metalloyd Limited - United Kingdom
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- Mercator Lines Limited - India
- The University of Queensland
- International Coal Ventures Pvt Ltd - India
- Antam Resourcindo - Indonesia
- SMG Consultants - Indonesia
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- Kapuas Tunggal Persada - Indonesia
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- White Energy Company Limited
- Indonesian Coal Mining Association
- AsiaOL BioFuels Corp., Philippines
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Ministry of Transport, Egypt
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- Aditya Birla Group - India
- Sical Logistics Limited - India
- Interocean Group of Companies - India
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Kalimantan Lumbung Energi - Indonesia
- Karaikal Port Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- Sojitz Corporation - Japan
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Banpu Public Company Limited - Thailand
- Gujarat Sidhee Cement - India
- Holcim Trading Pte Ltd - Singapore
- ASAPP Information Group - India
- Vedanta Resources Plc - India
- Makarim & Taira - Indonesia
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- South Luzon Thermal Energy Corporation
- OPG Power Generation Pvt Ltd - India
- Electricity Generating Authority of Thailand
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- India Bulls Power Limited - India
- Eastern Energy - Thailand
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Mintek Dendrill Indonesia
- PTC India Limited - India
- Bharathi Cement Corporation - India
- Heidelberg Cement - Germany
- Maheswari Brothers Coal Limited - India
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Australian Coal Association
- Grasim Industreis Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Merrill Lynch Commodities Europe
- San Jose City I Power Corp, Philippines
- Formosa Plastics Group - Taiwan
- Bangladesh Power Developement Board
- Energy Development Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Ministry of Finance - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Therma Luzon, Inc, Philippines
- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
- Petron Corporation, Philippines
- Cement Manufacturers Association - India
- Trasteel International SA, Italy
- Manunggal Multi Energi - Indonesia
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- Baramulti Group, Indonesia
- Siam City Cement PLC, Thailand
- Borneo Indobara - Indonesia
- Malabar Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- Madhucon Powers Ltd - India
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Indian Energy Exchange, India
- SN Aboitiz Power Inc, Philippines
- Orica Australia Pty. Ltd.
- Wilmar Investment Holdings
- Pendopo Energi Batubara - Indonesia
- Latin American Coal - Colombia
- PowerSource Philippines DevCo
- Krishnapatnam Port Company Ltd. - India
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- The State Trading Corporation of India Ltd
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- Leighton Contractors Pty Ltd - Australia
- Tata Chemicals Ltd - India
- Bhatia International Limited - India
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- Xindia Steels Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- European Bulk Services B.V. - Netherlands
- Eastern Coal Council - USA
- Jorong Barutama Greston.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- Oldendorff Carriers - Singapore
- Lanco Infratech Ltd - India
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Iligan Light & Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Port Waratah Coal Services - Australia
- Ambuja Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Siam City Cement - Thailand
- Salva Resources Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Star Paper Mills Limited - India
- Chamber of Mines of South Africa
- Deloitte Consulting - India
- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Indogreen Group - Indonesia
- Bayan Resources Tbk. - Indonesia
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- PNOC Exploration Corporation - Philippines
- Altura Mining Limited, Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- Sakthi Sugars Limited - India
- Coalindo Energy - Indonesia
- Georgia Ports Authority, United States
- Parry Sugars Refinery, India
- Central Electricity Authority - India
- Independent Power Producers Association of India
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- McConnell Dowell - Australia
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- Mercuria Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- The Treasury - Australian Government
- Bukit Makmur.PT - Indonesia
- CNBM International Corporation - China
- Bhushan Steel Limited - India
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