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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 $1.7 billion in the current fiscal.
The company is now producing 430 million tonnes of coal, which is expected to reach 700 million tonnes over the next 10 years, Bhattacharyya said.
CIL has also secured exploration licences for two blocks in Mozambique and expects to start work there soon.
“We are expecting one billion tonnes reserves from these blocks,” he said.
Bhattacharyya also spoke about the company’s corporate social responsibilities. “As we are expanding our coal mining operations, its our responsibility to grow more trees than we have cut. We are passionately pursuing the afforestation programme.”
The company is adopting clean technology to reduce the impact of mining on the environment, he said.
Source: Business News - INAS
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Monday, 12 October 09
INDONESIA TO CUT ROYALTIES TO BOOST LOW QUALITY COAL
Reuters reported that, Indonesia, the world's biggest exporter of thermal coal, plans to cut royalties paid by producers holding certain contracts ...
Monday, 12 October 09
SAMPUR COAL POWER PLANT AGREEMENT
Sunday Observer reported that, The construction work of the Sri Lanka-India joint venture coal power plant which costs US dollars 500 million will c ...
Saturday, 10 October 09
SHORT PERIOD RATES FOR SUPRAMAX WAS AROUND US$ 17,000 PER DAY FOR VESSELS OPENING FAR EAST / SE ASIA - CAPT. REDDY
COALspot.com (Singapore): The BDI again firmed up this week by almost 14 pct to 2,695 points. The cape size index moved up quite sharply by 25 pct t ...
Saturday, 10 October 09
COAL PRICES TIPPED TO SURGE BY 40% AS GLOBAL DEMAND RECOVERS NEXT YEAR
Power-station coal prices may climb by more than 40 percent in 2010 from current levels as a global economic recovery boosts demand from power plant ...
Saturday, 10 October 09
PT BUMI RESOURCES TO EXPECT 2010 ELECTRIC AND COAL PRICE UP TO US$ 100/T
Indonesia coal producer, PT Bumi Resources recently stated that the revival of the global economy pushes up the demand from power plants and steel m ...
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- Interocean Group of Companies - India
- Orica Australia Pty. Ltd.
- Kepco SPC Power Corporation, Philippines
- Videocon Industries ltd - India
- Trasteel International SA, Italy
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- Posco Energy - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- Banpu Public Company Limited - Thailand
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- Australian Coal Association
- Mintek Dendrill Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ASAPP Information Group - India
- South Luzon Thermal Energy Corporation
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Altura Mining Limited, Indonesia
- McConnell Dowell - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Kaltim Prima Coal - Indonesia
- Indian Energy Exchange, India
- Mjunction Services Limited - India
- Petron Corporation, Philippines
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- Sinarmas Energy and Mining - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Manunggal Multi Energi - Indonesia
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- Toyota Tsusho Corporation, Japan
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- Commonwealth Bank - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Coal Blending Company Limited - Australia
- Marubeni Corporation - India
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Planning Commission, India
- Barasentosa Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- Mercuria Energy - Indonesia
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- Eastern Energy - Thailand
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- Power Finance Corporation Ltd., India
- International Coal Ventures Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Gujarat Sidhee Cement - India
- Independent Power Producers Association of India
- Asmin Koalindo Tuhup - Indonesia
- Bhoruka Overseas - Indonesia
- Central Electricity Authority - India
- Standard Chartered Bank - UAE
- Karaikal Port Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Anglo American - United Kingdom
- Dalmia Cement Bharat India
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- PowerSource Philippines DevCo
- MS Steel International - UAE
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Wilmar Investment Holdings
- GAC Shipping (India) Pvt Ltd
- Malabar Cements Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Cement Manufacturers Association - India
- Uttam Galva Steels Limited - India
- Port Waratah Coal Services - Australia
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- New Zealand Coal & Carbon
- ICICI Bank Limited - India
- Latin American Coal - Colombia
- Vijayanagar Sugar Pvt Ltd - India
- Edison Trading Spa - Italy
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Vedanta Resources Plc - India
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- The University of Queensland
- Attock Cement Pakistan Limited
- Larsen & Toubro Limited - India
- Vizag Seaport Private Limited - India
- Simpson Spence & Young - Indonesia
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Central Java Power - Indonesia
- Makarim & Taira - Indonesia
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- European Bulk Services B.V. - Netherlands
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Minerals Council of Australia
- The State Trading Corporation of India Ltd
- Bhatia International Limited - India
- Iligan Light & Power Inc, Philippines
- Sakthi Sugars Limited - India
- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- Jaiprakash Power Ventures ltd
- Sindya Power Generating Company Private Ltd
- Semirara Mining and Power Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- Singapore Mercantile Exchange
- Indogreen Group - Indonesia
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Electricity Generating Authority of Thailand
- India Bulls Power Limited - India
- Semirara Mining Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Thai Mozambique Logistica
- Timah Investasi Mineral - Indoneisa
- London Commodity Brokers - England
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- GMR Energy Limited - India
- Bukit Makmur.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- VISA Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Indika Energy - Indonesia
- Siam City Cement - Thailand
- Bukit Baiduri Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- Grasim Industreis Ltd - India
- Metalloyd Limited - United Kingdom
- Global Green Power PLC Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- PNOC Exploration Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Price Waterhouse Coopers - Russia
- Formosa Plastics Group - Taiwan
- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
- LBH Netherlands Bv - Netherlands
- Ministry of Transport, Egypt
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- Indian Oil Corporation Limited
- Therma Luzon, Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Thiess Contractors Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- Sojitz Corporation - Japan
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Kideco Jaya Agung - Indonesia
- White Energy Company Limited
- Madhucon Powers Ltd - India
- Carbofer General Trading SA - India
- Siam City Cement PLC, Thailand
- Sical Logistics Limited - India
- Aditya Birla Group - India
- Ambuja Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Krishnapatnam Port Company Ltd. - India
- Savvy Resources Ltd - HongKong
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Xindia Steels Limited - India
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