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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 $1.7 billion in the current fiscal.
The company is now producing 430 million tonnes of coal, which is expected to reach 700 million tonnes over the next 10 years, Bhattacharyya said.
CIL has also secured exploration licences for two blocks in Mozambique and expects to start work there soon.
“We are expecting one billion tonnes reserves from these blocks,” he said.
Bhattacharyya also spoke about the company’s corporate social responsibilities. “As we are expanding our coal mining operations, its our responsibility to grow more trees than we have cut. We are passionately pursuing the afforestation programme.”
The company is adopting clean technology to reduce the impact of mining on the environment, he said.
Source: Business News - INAS
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Wednesday, 26 August 09
COAL INDIA MAY HIKE COAL PRICES BY UP TO RS 175 (ABOUT US$ 3.60) A TONNE
The Economic Times reported that, state-owned Coal India may hike coal prices by up to Rs 175 (~ US$ 3.60) a tonne to close the gap between domestic ...
Tuesday, 25 August 09
KOREA TO INTRODUCE COAL-MINING ROBOTS TO REDUCE THE RISK OF HUMAN LOSSES FROM CONVENTIONAL MINING
Far East Gizmos reported that, The state-run Korea Coal Corp. (KOCOAL) signed a memorandum of understanding (MOU) on Monday with three Korean engine ...
Tuesday, 25 August 09
INDIA'S GNFC EXTENDED ONLINE BIDDING FOR PURCHASE OF 260,000 T COAL TO 23RD SEPTEMBER 2009
COALspot.com (India): Gujarat Narmada Valley Fertilizers Co. Ltd. (GNFC) invites offers (e-Tender) for supply of 130,000 MT +/- 5% on firm basis and ...
Tuesday, 25 August 09
ANTAM CONSIDERS ACQUIRING BHP
The Jakarta Post reported that, State mining company PT Aneka Tambang (Antam) is contemplating acquiring BHP Billiton's coal concessions in Central ...
Tuesday, 25 August 09
COAL OUTPUT TO RISE IN H2 BUT EXPORTS TO GO FLAT
The leading english news paper in Indonesia reported that, It is estimated coal production will rise by 5.7 percent in the second semester from a ye ...
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- Agrawal Coal Company - India
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- Riau Bara Harum - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jaiprakash Power Ventures ltd
- Salva Resources Pvt Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Singapore Mercantile Exchange
- Planning Commission, India
- Bharathi Cement Corporation - India
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- Global Green Power PLC Corporation, Philippines
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- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
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- Orica Australia Pty. Ltd.
- Georgia Ports Authority, United States
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- European Bulk Services B.V. - Netherlands
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- Romanian Commodities Exchange
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- Aboitiz Power Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- ASAPP Information Group - India
- Coal and Oil Company - UAE
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- Bukit Baiduri Energy - Indonesia
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Electricity Generating Authority of Thailand
- Parliament of New Zealand
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- Thai Mozambique Logistica
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- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- GVK Power & Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
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- Energy Link Ltd, New Zealand
- White Energy Company Limited
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- MS Steel International - UAE
- London Commodity Brokers - England
- Electricity Authority, New Zealand
- Thiess Contractors Indonesia
- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- Central Java Power - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- Price Waterhouse Coopers - Russia
- Metalloyd Limited - United Kingdom
- Tata Chemicals Ltd - India
- Indika Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Pendopo Energi Batubara - Indonesia
- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
- Indian Energy Exchange, India
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Videocon Industries ltd - India
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- Vizag Seaport Private Limited - India
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Chettinad Cement Corporation Ltd - India
- India Bulls Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Medco Energi Mining Internasional
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- Lanco Infratech Ltd - India
- Miang Besar Coal Terminal - Indonesia
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- Kepco SPC Power Corporation, Philippines
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Sree Jayajothi Cements Limited - India
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- The University of Queensland
- GN Power Mariveles Coal Plant, Philippines
- Semirara Mining Corp, Philippines
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- International Coal Ventures Pvt Ltd - India
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- McConnell Dowell - Australia
- Ind-Barath Power Infra Limited - India
- Mercator Lines Limited - India
- Gujarat Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- CNBM International Corporation - China
- Deloitte Consulting - India
- Economic Council, Georgia
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- Sindya Power Generating Company Private Ltd
- Jindal Steel & Power Ltd - India
- Eastern Coal Council - USA
- Savvy Resources Ltd - HongKong
- Siam City Cement PLC, Thailand
- Sinarmas Energy and Mining - Indonesia
- Port Waratah Coal Services - Australia
- Anglo American - United Kingdom
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- Australian Coal Association
- Kobexindo Tractors - Indoneisa
- Star Paper Mills Limited - India
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- Indonesian Coal Mining Association
- Barasentosa Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- South Luzon Thermal Energy Corporation
- Kaltim Prima Coal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Mining Services - Indonesia
- Meralco Power Generation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vedanta Resources Plc - India
- Karbindo Abesyapradhi - Indoneisa
- GMR Energy Limited - India
- New Zealand Coal & Carbon
- Chamber of Mines of South Africa
- Merrill Lynch Commodities Europe
- Binh Thuan Hamico - Vietnam
- Ministry of Mines - Canada
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Global Coal Blending Company Limited - Australia
- Standard Chartered Bank - UAE
- PTC India Limited - India
- Goldman Sachs - Singapore
- Bangladesh Power Developement Board
- Essar Steel Hazira Ltd - India
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- Ministry of Transport, Egypt
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Kumho Petrochemical, South Korea
- Baramulti Group, Indonesia
- Therma Luzon, Inc, Philippines
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- Aditya Birla Group - India
- Oldendorff Carriers - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- Altura Mining Limited, Indonesia
- Indo Tambangraya Megah - Indonesia
- The Treasury - Australian Government
- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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