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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, 04 January 10
TOKYO ELECTRIC SEALS XSTRATA COAL DEAL
Tokyo Electric Power Co has agreed to pay about $US85 a tonne for Australian thermal coal in 2010 from miner Xstrata, a source familiar with the pri ...
Monday, 04 January 10
IND-BARATH TO SHIFT PROJECT FROM AP TO TN
Hyderabad-based power producer Ind–Barath is planning to set up a power plant at Tuticorin, Tamil Nadu. The proposed project would attract inv ...
Sunday, 03 January 10
NEWCASTLE THERMAL COAL PRICES FALL IN FIRST DECLINE IN 3 WEEKS
Power-station coal prices at Australia’s Newcastle port, a benchmark for Asia, declined 1.5 percent, falling for the first time in three weeks ...
Sunday, 03 January 10
NTPC SEEKS REPORT ON TRANSPORTING COAL THROUGH WATERWAYS
State-run National Thermal Power Corporation (NTPC), the country’s largest power utility, has asked for a “holistic” feasibility r ...
Sunday, 03 January 10
BHP TO STAY IN MARUWAI AND TO KEEP 75 PERCENT OF THE STAKE
Despite recent statements that it would pull out completely from Indonesia, the world's largest mining company BHP Billiton has now admitted that i ...
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- Indo Tambangraya Megah - Indonesia
- IEA Clean Coal Centre - UK
- Rio Tinto Coal - Australia
- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- Mercuria Energy - Indonesia
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- VISA Power Limited - India
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- Grasim Industreis Ltd - India
- India Bulls Power Limited - India
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- Energy Link Ltd, New Zealand
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- GMR Energy Limited - India
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- Leighton Contractors Pty Ltd - Australia
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- Sojitz Corporation - Japan
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- Posco Energy - South Korea
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- Indonesian Coal Mining Association
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- European Bulk Services B.V. - Netherlands
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- Samtan Co., Ltd - South Korea
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- Bulk Trading Sa - Switzerland
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
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- Riau Bara Harum - Indonesia
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- Chamber of Mines of South Africa
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- Antam Resourcindo - Indonesia
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- San Jose City I Power Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Deloitte Consulting - India
- Formosa Plastics Group - Taiwan
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- The State Trading Corporation of India Ltd
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- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
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- Savvy Resources Ltd - HongKong
- International Coal Ventures Pvt Ltd - India
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- Coastal Gujarat Power Limited - India
- Romanian Commodities Exchange
- Binh Thuan Hamico - Vietnam
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- Ambuja Cements Ltd - India
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- Sakthi Sugars Limited - India
- Holcim Trading Pte Ltd - Singapore
- Jindal Steel & Power Ltd - India
- London Commodity Brokers - England
- Cigading International Bulk Terminal - Indonesia
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- Coal and Oil Company - UAE
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- Australian Commodity Traders Exchange
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- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- Bukit Makmur.PT - Indonesia
- Manunggal Multi Energi - Indonesia
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- Renaissance Capital - South Africa
- Indogreen Group - Indonesia
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Orica Mining Services - Indonesia
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- OPG Power Generation Pvt Ltd - India
- Ministry of Mines - Canada
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- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- Ministry of Transport, Egypt
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
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- Kepco SPC Power Corporation, Philippines
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- Bhatia International Limited - India
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Trasteel International SA, Italy
- GVK Power & Infra Limited - India
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
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- White Energy Company Limited
- Heidelberg Cement - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Iligan Light & Power Inc, Philippines
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- Pendopo Energi Batubara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
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- PowerSource Philippines DevCo
- Minerals Council of Australia
- Indian Oil Corporation Limited
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
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- Global Green Power PLC Corporation, Philippines
- SMC Global Power, Philippines
- Indian Energy Exchange, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Coal Association
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- Straits Asia Resources Limited - Singapore
- Gujarat Mineral Development Corp Ltd - India
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- SN Aboitiz Power Inc, Philippines
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Eastern Energy - Thailand
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