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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, 03 December 09
PROLONGED COAL MARGIN SQUEEZE AHEAD - WESCOAL
Mining Weekly reported that, Coal junior Wescoal foresees a continued margin squeeze ahead. The JSE AltX-listed company's gross margin was reduced ...
Tuesday, 01 December 09
COAL DEMAND REBOUNDING FROM DOWNTURN - U.S. MINING EXECS
The coal industry is slowly rebounding from last year's recession with demand and prices inching upward, although inventories at U.S. power ...
Tuesday, 01 December 09
INDONESIA COAL OUTPUT SEEN LIFTED BY CHINA, INDIA
Reuters reported that, Indonesia's coal output is expected to grow by as much as 12 percent in 2010, boosted by demand from power hungry China and ...
Monday, 30 November 09
NTPC SCOUTS FOR MORE COAL BLOCKS IN INDONESIA
State-run National Thermal Power Corporation (NTPC) today said it has identified three more coal blocks in Indonesia for acquisition.
"We ha ...
Monday, 30 November 09
THE FUTURES FOR THREE YEARS (2010-2012) WAS SOFT COMPARED TO LAST WEEK - VISTAAR SINGAPORE
COALspot.com (Singapore): BDI continued to drop this week and touched below 4,000 mark level. The drop in BDI was almost 12 pct and closed at 3,975 ...
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- TNB Fuel Sdn Bhd - Malaysia
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- European Bulk Services B.V. - Netherlands
- Dalmia Cement Bharat India
- Kideco Jaya Agung - Indonesia
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Romanian Commodities Exchange
- Commonwealth Bank - Australia
- Minerals Council of Australia
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
- Chamber of Mines of South Africa
- Siam City Cement PLC, Thailand
- Wood Mackenzie - Singapore
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Standard Chartered Bank - UAE
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Tamil Nadu electricity Board
- Deloitte Consulting - India
- Madhucon Powers Ltd - India
- Medco Energi Mining Internasional
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- TeaM Sual Corporation - Philippines
- Parliament of New Zealand
- Indian Energy Exchange, India
- Indogreen Group - Indonesia
- McConnell Dowell - Australia
- SMG Consultants - Indonesia
- Simpson Spence & Young - Indonesia
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- ICICI Bank Limited - India
- CNBM International Corporation - China
- Goldman Sachs - Singapore
- Salva Resources Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Intertek Mineral Services - Indonesia
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Edison Trading Spa - Italy
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- Dr Ramakrishna Prasad Power Pvt Ltd - India
- PTC India Limited - India
- Cigading International Bulk Terminal - Indonesia
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- Kalimantan Lumbung Energi - Indonesia
- Bukit Makmur.PT - Indonesia
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- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Chettinad Cement Corporation Ltd - India
- Iligan Light & Power Inc, Philippines
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Barasentosa Lestari - Indonesia
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Cement Manufacturers Association - India
- Bhatia International Limited - India
- Vedanta Resources Plc - India
- Merrill Lynch Commodities Europe
- Ambuja Cements Ltd - India
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Indonesian Coal Mining Association
- Pendopo Energi Batubara - Indonesia
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Sarangani Energy Corporation, Philippines
- Mercuria Energy - Indonesia
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Authority, New Zealand
- White Energy Company Limited
- Ministry of Finance - Indonesia
- Sakthi Sugars Limited - India
- Banpu Public Company Limited - Thailand
- Videocon Industries ltd - India
- Independent Power Producers Association of India
- Maheswari Brothers Coal Limited - India
- Global Coal Blending Company Limited - Australia
- Orica Mining Services - Indonesia
- Kobexindo Tractors - Indoneisa
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Kumho Petrochemical, South Korea
- Directorate Of Revenue Intelligence - India
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Africa Commodities Group - South Africa
- Price Waterhouse Coopers - Russia
- Maharashtra Electricity Regulatory Commission - India
- Latin American Coal - Colombia
- Ministry of Transport, Egypt
- Bhushan Steel Limited - India
- Straits Asia Resources Limited - Singapore
- Interocean Group of Companies - India
- Georgia Ports Authority, United States
- Eastern Coal Council - USA
- Singapore Mercantile Exchange
- Altura Mining Limited, Indonesia
- Star Paper Mills Limited - India
- Kaltim Prima Coal - Indonesia
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- Eastern Energy - Thailand
- The University of Queensland
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Agrawal Coal Company - India
- Indian Oil Corporation Limited
- The Treasury - Australian Government
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- SMC Global Power, Philippines
- Coastal Gujarat Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Economic Council, Georgia
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Indika Energy - Indonesia
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- Kohat Cement Company Ltd. - Pakistan
- London Commodity Brokers - England
- Tata Chemicals Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Trasteel International SA, Italy
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- LBH Netherlands Bv - Netherlands
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- Australian Commodity Traders Exchange
- Energy Development Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Electricity Generating Authority of Thailand
- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- Jindal Steel & Power Ltd - India
- Power Finance Corporation Ltd., India
- Borneo Indobara - Indonesia
- Formosa Plastics Group - Taiwan
- Heidelberg Cement - Germany
- Bangladesh Power Developement Board
- Parry Sugars Refinery, India
- Australian Coal Association
- Grasim Industreis Ltd - India
- International Coal Ventures Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- IHS Mccloskey Coal Group - USA
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
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