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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, 11 November 09
INDONESIA ASKS DOMESTIC COAL FIRMS TO SET ASIDE 30PCT OF OUTPUT
Indonesian government said that it had asked domestic coal producers to set aside 30% of their output next year to meet demand from new coal fired p ...
Wednesday, 11 November 09
MINING ACQUISITIONS BECOMING MORE STRATEGIC - E&Y
Mining Weekly reported that, Although miners around the world are looking to position themselves for growth, companies are being more selective when ...
Tuesday, 10 November 09
THAI COAL MINER BANPU Q3 NET UP, BEATS FORECAST
Reuters reported that, Thailand's top coal miner, Banpu, said on Tuesday its third-quarter net earnings rose a higher-than-expected 22 percent, hel ...
Monday, 09 November 09
NAPOCOR DEFERS 50,000 T COAL TENDER
Top Philippine electricity producer National Power Corp. (Napocor) has indefinitely postponed a tender for supply of 50,000 tons of steam coal sched ...
Monday, 09 November 09
SAM'S SEAFOOD HOLDINGS SET TO COMMENCE DRILLING AT INDONESIAN COAL PROJECT
Proactive Investors reported that, Sam's Seafood Holdings is preparing to kick off diamond drilling at the company's Indonesian coal project after ...
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- Parry Sugars Refinery, India
- India Bulls Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Gujarat Sidhee Cement - India
- Semirara Mining Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- VISA Power Limited - India
- Energy Link Ltd, New Zealand
- GMR Energy Limited - India
- Trasteel International SA, Italy
- Australian Coal Association
- Bangladesh Power Developement Board
- International Coal Ventures Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Oldendorff Carriers - Singapore
- CNBM International Corporation - China
- Wood Mackenzie - Singapore
- CIMB Investment Bank - Malaysia
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- SN Aboitiz Power Inc, Philippines
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- Sakthi Sugars Limited - India
- PNOC Exploration Corporation - Philippines
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- Global Green Power PLC Corporation, Philippines
- Deloitte Consulting - India
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- White Energy Company Limited
- PTC India Limited - India
- Singapore Mercantile Exchange
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- Anglo American - United Kingdom
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maharashtra Electricity Regulatory Commission - India
- Planning Commission, India
- Heidelberg Cement - Germany
- Rashtriya Ispat Nigam Limited - India
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- Energy Development Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kideco Jaya Agung - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Indonesian Coal Mining Association
- Bhushan Steel Limited - India
- Parliament of New Zealand
- Electricity Generating Authority of Thailand
- ICICI Bank Limited - India
- Indo Tambangraya Megah - Indonesia
- Toyota Tsusho Corporation, Japan
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wilmar Investment Holdings
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- Petron Corporation, Philippines
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- Salva Resources Pvt Ltd - India
- Borneo Indobara - Indonesia
- Price Waterhouse Coopers - Russia
- Lanco Infratech Ltd - India
- Baramulti Group, Indonesia
- Thiess Contractors Indonesia
- Krishnapatnam Port Company Ltd. - India
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Kaltim Prima Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- Sarangani Energy Corporation, Philippines
- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- Iligan Light & Power Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Straits Asia Resources Limited - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- McConnell Dowell - Australia
- Eastern Coal Council - USA
- Antam Resourcindo - Indonesia
- Tamil Nadu electricity Board
- Coastal Gujarat Power Limited - India
- Romanian Commodities Exchange
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Edison Trading Spa - Italy
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Sindya Power Generating Company Private Ltd
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- Chettinad Cement Corporation Ltd - India
- Star Paper Mills Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- Therma Luzon, Inc, Philippines
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- Sical Logistics Limited - India
- Latin American Coal - Colombia
- Bhoruka Overseas - Indonesia
- Jindal Steel & Power Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- TeaM Sual Corporation - Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- London Commodity Brokers - England
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- Alfred C Toepfer International GmbH - Germany
- Ambuja Cements Ltd - India
- Bharathi Cement Corporation - India
- GN Power Mariveles Coal Plant, Philippines
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Tata Chemicals Ltd - India
- GVK Power & Infra Limited - India
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- Medco Energi Mining Internasional
- Bukit Makmur.PT - Indonesia
- Orica Mining Services - Indonesia
- Sojitz Corporation - Japan
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- Altura Mining Limited, Indonesia
- Kartika Selabumi Mining - Indonesia
- Indian Oil Corporation Limited
- Attock Cement Pakistan Limited
- OPG Power Generation Pvt Ltd - India
- Chamber of Mines of South Africa
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Thai Mozambique Logistica
- Mintek Dendrill Indonesia
- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Vedanta Resources Plc - India
- Sinarmas Energy and Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhatia International Limited - India
- Kumho Petrochemical, South Korea
- Orica Australia Pty. Ltd.
- New Zealand Coal & Carbon
- Timah Investasi Mineral - Indoneisa
- Posco Energy - South Korea
- Coal and Oil Company - UAE
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
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