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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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Wednesday, 16 December 09
COAL MARKETS 2010 CONFERENCE - PRESS RELEASE
COALspot.com (Singapore) Press Release – Back for the 8th year, Coal Markets 2010 will be taking place in Singapore on 28 – 29 Jan ...
Wednesday, 16 December 09
CHINA 2010 COAL TERM PRICES SEEN RISING 8% ON YEAR
Term prices of thermal coal for 2010 in China are expected to rise about 8 percent from this year's levels, as demand for power has been roaring ba ...
Wednesday, 16 December 09
KANGAROO RESOURCES TO ACQUIRE INDONESIAN COAL INTERESTS
Emerging coal producer Kangaroo Resources has significantly enhanced its production pipeline in Indonesia after reaching agreement to acquire a coki ...
Wednesday, 16 December 09
UAE'S RAS AL KHAIMAH TO INVEST $5.2B IN EAST KALIMANTAN PROJECT
Shrugging off neighbor Dubai’s debt problems, the smaller United Arab Emirate of Ras Al Khaimah announced on Tuesday that it would increase it ...
Wednesday, 16 December 09
COECLERICI EYES SECOND RUSSIA COAL MINE
* CEO says "seriously considering" mid-small size purchase
* Will use mine to increase exports to Asia
* Says delays at ports will not c ...
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- Cigading International Bulk Terminal - Indonesia
- Parry Sugars Refinery, India
- Indogreen Group - Indonesia
- Bhoruka Overseas - Indonesia
- SN Aboitiz Power Inc, Philippines
- Essar Steel Hazira Ltd - India
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- Indika Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Chamber of Mines of South Africa
- Xindia Steels Limited - India
- Kartika Selabumi Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- Carbofer General Trading SA - India
- Goldman Sachs - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- South Luzon Thermal Energy Corporation
- Mercator Lines Limited - India
- PTC India Limited - India
- ASAPP Information Group - India
- Kapuas Tunggal Persada - Indonesia
- Metalloyd Limited - United Kingdom
- Coalindo Energy - Indonesia
- Siam City Cement - Thailand
- Karaikal Port Pvt Ltd - India
- The Treasury - Australian Government
- Commonwealth Bank - Australia
- Kaltim Prima Coal - Indonesia
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- Bhatia International Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- Kohat Cement Company Ltd. - Pakistan
- Mintek Dendrill Indonesia
- TeaM Sual Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Aditya Birla Group - India
- Wilmar Investment Holdings
- Energy Link Ltd, New Zealand
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
- Intertek Mineral Services - Indonesia
- Ministry of Finance - Indonesia
- Directorate Of Revenue Intelligence - India
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- The University of Queensland
- Alfred C Toepfer International GmbH - Germany
- Georgia Ports Authority, United States
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Africa Commodities Group - South Africa
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Malabar Cements Ltd - India
- Australian Coal Association
- Karbindo Abesyapradhi - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Makarim & Taira - Indonesia
- IEA Clean Coal Centre - UK
- Kumho Petrochemical, South Korea
- Global Green Power PLC Corporation, Philippines
- Ministry of Transport, Egypt
- Larsen & Toubro Limited - India
- Medco Energi Mining Internasional
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- White Energy Company Limited
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- Coastal Gujarat Power Limited - India
- Gujarat Sidhee Cement - India
- Anglo American - United Kingdom
- Billiton Holdings Pty Ltd - Australia
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- Bulk Trading Sa - Switzerland
- IHS Mccloskey Coal Group - USA
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- Indian Oil Corporation Limited
- Minerals Council of Australia
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Mjunction Services Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Deloitte Consulting - India
- Rashtriya Ispat Nigam Limited - India
- SMC Global Power, Philippines
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- Altura Mining Limited, Indonesia
- Straits Asia Resources Limited - Singapore
- Pendopo Energi Batubara - Indonesia
- Kideco Jaya Agung - Indonesia
- Simpson Spence & Young - Indonesia
- Madhucon Powers Ltd - India
- Baramulti Group, Indonesia
- Mercuria Energy - Indonesia
- Ministry of Mines - Canada
- San Jose City I Power Corp, Philippines
- Parliament of New Zealand
- Indonesian Coal Mining Association
- Eastern Coal Council - USA
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Planning Commission, India
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Marubeni Corporation - India
- Banpu Public Company Limited - Thailand
- Oldendorff Carriers - Singapore
- Cement Manufacturers Association - India
- Toyota Tsusho Corporation, Japan
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Riau Bara Harum - Indonesia
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Central Java Power - Indonesia
- Electricity Generating Authority of Thailand
- Economic Council, Georgia
- Jaiprakash Power Ventures ltd
- Leighton Contractors Pty Ltd - Australia
- Barasentosa Lestari - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- Offshore Bulk Terminal Pte Ltd, Singapore
- International Coal Ventures Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- MS Steel International - UAE
- Globalindo Alam Lestari - Indonesia
- Agrawal Coal Company - India
- Thai Mozambique Logistica
- Semirara Mining Corp, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Iligan Light & Power Inc, Philippines
- London Commodity Brokers - England
- Standard Chartered Bank - UAE
- Bayan Resources Tbk. - Indonesia
- Eastern Energy - Thailand
- Gujarat Electricity Regulatory Commission - India
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- ICICI Bank Limited - India
- Independent Power Producers Association of India
- Therma Luzon, Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Borneo Indobara - Indonesia
- Binh Thuan Hamico - Vietnam
- Tata Chemicals Ltd - India
- Australian Commodity Traders Exchange
- Vedanta Resources Plc - India
- Siam City Cement PLC, Thailand
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- Aboitiz Power Corporation - Philippines
- GMR Energy Limited - India
- Romanian Commodities Exchange
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Antam Resourcindo - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Posco Energy - South Korea
- LBH Netherlands Bv - Netherlands
- Ambuja Cements Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Interocean Group of Companies - India
- Bukit Asam (Persero) Tbk - Indonesia
- Attock Cement Pakistan Limited
- Jindal Steel & Power Ltd - India
- European Bulk Services B.V. - Netherlands
- Global Business Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Coal and Oil Company - UAE
- Price Waterhouse Coopers - Russia
- Petrochimia International Co. Ltd.- Taiwan
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
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