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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 $1.7 billion in the current fiscal.
The company is now producing 430 million tonnes of coal, which is expected to reach 700 million tonnes over the next 10 years, Bhattacharyya said.
CIL has also secured exploration licences for two blocks in Mozambique and expects to start work there soon.
“We are expecting one billion tonnes reserves from these blocks,” he said.
Bhattacharyya also spoke about the company’s corporate social responsibilities. “As we are expanding our coal mining operations, its our responsibility to grow more trees than we have cut. We are passionately pursuing the afforestation programme.”
The company is adopting clean technology to reduce the impact of mining on the environment, he said.
Source: Business News - INAS
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Thursday, 13 August 09
RIO PREPARES COAL IPO AFTER FAILING TO FIND BUYER
Bloomberg reported that, Rio Tinto Group, the world’s third- largest mining company, is preparing an initial public offering for its U.S. ...
Thursday, 13 August 09
NOBLE'S PROFIT DOUBLES ON GLOUCESTER COAL ACQUISITION
Bloomberg reported that, Noble Group Ltd., a Hong Kong-based supplier of raw materials from soybeans to coal, said second- quarter profit more than ...
Thursday, 13 August 09
CHINA COAL-PRICES UNCHANGED, BUT LIKELY TO MOVE HIGHER
Alibaba reported that, Spot coal prices in China's top coal port Qinhuangdao were unchanged from a week earlier, but are still looking bullish in t ...
Thursday, 13 August 09
INDONESIA'S BERAU COAL SEES 2010 OUTPUT UP 16 PCT
Reuters reported that, Indonesia's fifth-largest coal miner, PT Berau Coal, expects 2010 production to be nearly 16 percent higher than this year, ...
Thursday, 13 August 09
JAYPEE GROUP. L&T INK RS 4,000-CRORE (US$ 824,818,084) DEAL
Second order bagged by L&T in the supercritical segment.
Jaiprakash Power Ventures Ltd (JPVL), promoted by the $7-billion Jaypee group, has s ...
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- Iligan Light & Power Inc, Philippines
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- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- Romanian Commodities Exchange
- Billiton Holdings Pty Ltd - Australia
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- Directorate General of MIneral and Coal - Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
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- MS Steel International - UAE
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
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- Sojitz Corporation - Japan
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- Jorong Barutama Greston.PT - Indonesia
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- Makarim & Taira - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indika Energy - Indonesia
- Sical Logistics Limited - India
- Minerals Council of Australia
- Barasentosa Lestari - Indonesia
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Central Electricity Authority - India
- Vijayanagar Sugar Pvt Ltd - India
- Wilmar Investment Holdings
- ASAPP Information Group - India
- PTC India Limited - India
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- GAC Shipping (India) Pvt Ltd
- Kepco SPC Power Corporation, Philippines
- Australian Coal Association
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Latin American Coal - Colombia
- Parliament of New Zealand
- Singapore Mercantile Exchange
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- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Bangladesh Power Developement Board
- Tamil Nadu electricity Board
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- Bayan Resources Tbk. - Indonesia
- Malabar Cements Ltd - India
- Posco Energy - South Korea
- CNBM International Corporation - China
- Merrill Lynch Commodities Europe
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Parry Sugars Refinery, India
- McConnell Dowell - Australia
- Pendopo Energi Batubara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Wood Mackenzie - Singapore
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- Eastern Energy - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Dalmia Cement Bharat India
- Trasteel International SA, Italy
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- Economic Council, Georgia
- Altura Mining Limited, Indonesia
- Directorate Of Revenue Intelligence - India
- Ambuja Cements Ltd - India
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- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Salva Resources Pvt Ltd - India
- Africa Commodities Group - South Africa
- Timah Investasi Mineral - Indoneisa
- TeaM Sual Corporation - Philippines
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- Simpson Spence & Young - Indonesia
- Xindia Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- Coal and Oil Company - UAE
- Deloitte Consulting - India
- Savvy Resources Ltd - HongKong
- Indogreen Group - Indonesia
- Chamber of Mines of South Africa
- Gujarat Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
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- Sakthi Sugars Limited - India
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- Electricity Authority, New Zealand
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- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Ind-Barath Power Infra Limited - India
- Essar Steel Hazira Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Energy Link Ltd, New Zealand
- Meralco Power Generation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Australian Commodity Traders Exchange
- CIMB Investment Bank - Malaysia
- SN Aboitiz Power Inc, Philippines
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- Standard Chartered Bank - UAE
- GMR Energy Limited - India
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
- Semirara Mining and Power Corporation, Philippines
- Central Java Power - Indonesia
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- Rio Tinto Coal - Australia
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- The State Trading Corporation of India Ltd
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- Lanco Infratech Ltd - India
- Siam City Cement PLC, Thailand
- Kohat Cement Company Ltd. - Pakistan
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- Grasim Industreis Ltd - India
- Intertek Mineral Services - Indonesia
- European Bulk Services B.V. - Netherlands
- Bharathi Cement Corporation - India
- Thai Mozambique Logistica
- Coastal Gujarat Power Limited - India
- Global Coal Blending Company Limited - Australia
- Sinarmas Energy and Mining - Indonesia
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- Ministry of Finance - Indonesia
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- TNB Fuel Sdn Bhd - Malaysia
- Vedanta Resources Plc - India
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- Attock Cement Pakistan Limited
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