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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, 22 October 09
2ND UNITED INDONESIA CABINET UNVEILED
The Jakarta Post reported that, President Susilo Bambang Yudhoyono announced his second United Indonesia Cabinet on Wednesday night, comprising 34 m ...
Thursday, 22 October 09
PEABODY SET TO TAP ASIAN DEMAND FOR COAL
The Australian reported that, US coal giant Peabody Energy plans to double its Queensland and NSW coal exports in the next five years, as it looks t ...
Wednesday, 21 October 09
INDONESIA POWER FIRM SEEKS TO DEFER COAL SUPPLIES
Reuters reported that, Indonesia's state power firm is negotiating with two coal producers, including a unit of PT Bumi Resources Tbk, to defer a c ...
Wednesday, 21 October 09
MINING REGULATION GENERATES CONFUSION IN INDONESIA
The Jakarta Globe reported that, Mining industry representatives said on Friday they were confused by a recently issued regulation restricting the w ...
Wednesday, 21 October 09
LAW ACCOMMODATES NATIONAL AND INVESTOR INTERESTS
COALspot.com (Indonesia): According to ESDM, the government has issued five Lawson the energy and mineral resources sector. These laws will prioriti ...
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- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- Edison Trading Spa - Italy
- Formosa Plastics Group - Taiwan
- Goldman Sachs - Singapore
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Ministry of Transport, Egypt
- Metalloyd Limited - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Orica Australia Pty. Ltd.
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
- Bukit Makmur.PT - Indonesia
- Eastern Energy - Thailand
- The Treasury - Australian Government
- Indian Energy Exchange, India
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Electricity Authority, New Zealand
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
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- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- Billiton Holdings Pty Ltd - Australia
- Bharathi Cement Corporation - India
- PTC India Limited - India
- ASAPP Information Group - India
- Jaiprakash Power Ventures ltd
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
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- Posco Energy - South Korea
- Coalindo Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- Aboitiz Power Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- San Jose City I Power Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- Gujarat Sidhee Cement - India
- Kepco SPC Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Larsen & Toubro Limited - India
- Semirara Mining and Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Ministry of Mines - Canada
- Bhushan Steel Limited - India
- Romanian Commodities Exchange
- Power Finance Corporation Ltd., India
- Australian Commodity Traders Exchange
- Minerals Council of Australia
- Bangladesh Power Developement Board
- IEA Clean Coal Centre - UK
- TeaM Sual Corporation - Philippines
- Anglo American - United Kingdom
- VISA Power Limited - India
- Videocon Industries ltd - India
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- New Zealand Coal & Carbon
- Sakthi Sugars Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
- Sojitz Corporation - Japan
- Sarangani Energy Corporation, Philippines
- Bhoruka Overseas - Indonesia
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- Indika Energy - Indonesia
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- Medco Energi Mining Internasional
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bulk Trading Sa - Switzerland
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- Simpson Spence & Young - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Xindia Steels Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- SN Aboitiz Power Inc, Philippines
- Malabar Cements Ltd - India
- Planning Commission, India
- Pipit Mutiara Jaya. PT, Indonesia
- European Bulk Services B.V. - Netherlands
- Chettinad Cement Corporation Ltd - India
- Economic Council, Georgia
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Interocean Group of Companies - India
- Ministry of Finance - Indonesia
- Star Paper Mills Limited - India
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Wood Mackenzie - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Riau Bara Harum - Indonesia
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
- CNBM International Corporation - China
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
- Mercator Lines Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Singapore Mercantile Exchange
- Bhatia International Limited - India
- Wilmar Investment Holdings
- Mjunction Services Limited - India
- Independent Power Producers Association of India
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- Semirara Mining Corp, Philippines
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- Petron Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- McConnell Dowell - Australia
- LBH Netherlands Bv - Netherlands
- Salva Resources Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Dalmia Cement Bharat India
- Uttam Galva Steels Limited - India
- Toyota Tsusho Corporation, Japan
- Mintek Dendrill Indonesia
- Global Green Power PLC Corporation, Philippines
- Central Electricity Authority - India
- Ind-Barath Power Infra Limited - India
- Renaissance Capital - South Africa
- Rio Tinto Coal - Australia
- Vizag Seaport Private Limited - India
- Iligan Light & Power Inc, Philippines
- Deloitte Consulting - India
- Thiess Contractors Indonesia
- CIMB Investment Bank - Malaysia
- Agrawal Coal Company - India
- Intertek Mineral Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Oldendorff Carriers - Singapore
- Chamber of Mines of South Africa
- India Bulls Power Limited - India
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- Borneo Indobara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Eastern Coal Council - USA
- Directorate Of Revenue Intelligence - India
- Barasentosa Lestari - Indonesia
- Kartika Selabumi Mining - Indonesia
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Heidelberg Cement - Germany
- Carbofer General Trading SA - India
- Grasim Industreis Ltd - India
- GVK Power & Infra Limited - India
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- PNOC Exploration Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Parry Sugars Refinery, India
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- Kaltim Prima Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sinarmas Energy and Mining - Indonesia
- Altura Mining Limited, Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jorong Barutama Greston.PT - Indonesia
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Samtan Co., Ltd - South Korea
- SMC Global Power, Philippines
- Banpu Public Company Limited - Thailand
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Bahari Cakrawala Sebuku - Indonesia
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