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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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Tuesday, 01 September 09
GLOBAL COAL PRICES UNDER PRESSURE AS CHINESE PROVINCE RETURNS TO THE PRODUCTION FRAY - REUTERS
China is set to return to role of coal exporter as the deadline for thousands of small coal mines in its Shanxi province to reopen after being shut ...
Tuesday, 01 September 09
INDONESIA PLN SECURES 1.9 MILLION TONNES COAL FOR NEW POWER PLANT
Reuters reported that Indonesia's state electricity firm PT Perusahaan Listrik Negara has secured 1.9 million tonnes of sub bituminous coal per yea ...
Tuesday, 01 September 09
EXPORT OF COAL RAW MATERIAL SHOULD BE REDUCED - INDONESIAN OFFICIAL
Antara reported that, Coal producing companies should reduce the volume of their export of coal raw material and increase the volume of their finish ...
Tuesday, 01 September 09
NEWCASTLE WEEKLY COAL EXPORTS RISE 23%, SHIP QUEUE DECREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, rose 23 percent ...
Monday, 31 August 09
INDIA MMTC ISSUE TENDER TO IMPORT 12.5 MMT COAL TO BE SUPPLIED OVER A PERIOD OF 12 MONTHS
COALspot.com (India): MMTC has re-issued a tender to import 12.50 Million Metric Tonnes (12.50 MMT) (+/- 2%) of thermal coal to be supplied over a p ...
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- Wilmar Investment Holdings
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- Independent Power Producers Association of India
- Economic Council, Georgia
- PetroVietnam Power Coal Import and Supply Company
- Eastern Coal Council - USA
- Marubeni Corporation - India
- Makarim & Taira - Indonesia
- Africa Commodities Group - South Africa
- Cigading International Bulk Terminal - Indonesia
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Larsen & Toubro Limited - India
- Jindal Steel & Power Ltd - India
- Sree Jayajothi Cements Limited - India
- Vedanta Resources Plc - India
- Power Finance Corporation Ltd., India
- CNBM International Corporation - China
- Pendopo Energi Batubara - Indonesia
- Cement Manufacturers Association - India
- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Goldman Sachs - Singapore
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Jaiprakash Power Ventures ltd
- IHS Mccloskey Coal Group - USA
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Central Electricity Authority - India
- Bukit Baiduri Energy - Indonesia
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Coal and Oil Company - UAE
- Ind-Barath Power Infra Limited - India
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Rio Tinto Coal - Australia
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- Bulk Trading Sa - Switzerland
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The Treasury - Australian Government
- Straits Asia Resources Limited - Singapore
- Sarangani Energy Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Directorate General of MIneral and Coal - Indonesia
- Global Business Power Corporation, Philippines
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Renaissance Capital - South Africa
- GMR Energy Limited - India
- Sojitz Corporation - Japan
- Neyveli Lignite Corporation Ltd, - India
- Leighton Contractors Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bukit Makmur.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- OPG Power Generation Pvt Ltd - India
- Central Java Power - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Krishnapatnam Port Company Ltd. - India
- Ceylon Electricity Board - Sri Lanka
- Altura Mining Limited, Indonesia
- Attock Cement Pakistan Limited
- Energy Link Ltd, New Zealand
- Indika Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- PNOC Exploration Corporation - Philippines
- Borneo Indobara - Indonesia
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Vizag Seaport Private Limited - India
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
- Madhucon Powers Ltd - India
- Oldendorff Carriers - Singapore
- Trasteel International SA, Italy
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- Wood Mackenzie - Singapore
- Riau Bara Harum - Indonesia
- International Coal Ventures Pvt Ltd - India
- Electricity Authority, New Zealand
- Maheswari Brothers Coal Limited - India
- Global Green Power PLC Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Videocon Industries ltd - India
- Indian Energy Exchange, India
- Pipit Mutiara Jaya. PT, Indonesia
- Aboitiz Power Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- SMG Consultants - Indonesia
- Siam City Cement - Thailand
- CIMB Investment Bank - Malaysia
- Interocean Group of Companies - India
- Gujarat Mineral Development Corp Ltd - India
- Georgia Ports Authority, United States
- Intertek Mineral Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- McConnell Dowell - Australia
- Ambuja Cements Ltd - India
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Agrawal Coal Company - India
- ICICI Bank Limited - India
- Ministry of Mines - Canada
- Billiton Holdings Pty Ltd - Australia
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- Samtan Co., Ltd - South Korea
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Romanian Commodities Exchange
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- Alfred C Toepfer International GmbH - Germany
- Heidelberg Cement - Germany
- GN Power Mariveles Coal Plant, Philippines
- Eastern Energy - Thailand
- Mercator Lines Limited - India
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- Mintek Dendrill Indonesia
- Medco Energi Mining Internasional
- San Jose City I Power Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- GAC Shipping (India) Pvt Ltd
- Australian Coal Association
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
- Chamber of Mines of South Africa
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Tamil Nadu electricity Board
- The University of Queensland
- Lanco Infratech Ltd - India
- Antam Resourcindo - Indonesia
- Coastal Gujarat Power Limited - India
- Toyota Tsusho Corporation, Japan
- Sindya Power Generating Company Private Ltd
- Bhushan Steel Limited - India
- Star Paper Mills Limited - India
- Global Coal Blending Company Limited - Australia
- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Grasim Industreis Ltd - India
- European Bulk Services B.V. - Netherlands
- Siam City Cement PLC, Thailand
- Meralco Power Generation, Philippines
- PTC India Limited - India
- Dalmia Cement Bharat India
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Parliament of New Zealand
- Kobexindo Tractors - Indoneisa
- Xindia Steels Limited - India
- Planning Commission, India
- Latin American Coal - Colombia
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Coalindo Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Energy Development Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- AsiaOL BioFuels Corp., Philippines
- SN Aboitiz Power Inc, Philippines
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- Thiess Contractors Indonesia
- Barasentosa Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- Petron Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- VISA Power Limited - India
- Edison Trading Spa - Italy
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- Indogreen Group - Indonesia
- Globalindo Alam Lestari - Indonesia
- Malabar Cements Ltd - India
- Electricity Generating Authority of Thailand
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Tata Chemicals Ltd - India
- Ministry of Transport, Egypt
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Baramulti Group, Indonesia
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