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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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Saturday, 11 July 09
THE IMPORT OF STEAM COAL FROM INDONESIA & S/A TO INDIA WILL CONTINUE TO INCREASE - VISTAAR
COALspot.com ( Singapore): Vistaar Shipping, an experienced ship operator in Singapore said, The market continued to be soft this with doubts a ...
Friday, 10 July 09
DMO AND ICPR AIMED AT SECURING DOMESTIC COAL SUPPLY
COALspot.com (Indonesia): According to website of DGCMG, the implementation of coal Domestic Market Obligation (DMO) and the Indonesian Coal P ...
Friday, 10 July 09
INDONESIAN MINING LAW IN TRANSITION
Further to the enactment of Law No. 4 of 2009 on Mineral and Coal Mining (“Law 4/2009”), the enactment of various implementing regulatio ...
Thursday, 09 July 09
COAL EXPORTS TO CHINA MAY FALL AS PRICES, SHIPPING RATES RISE
CHINA'S appetite for Australian coal may fall in July and August from earlier highs, due to a recent recovery in regional prices and higher interna ...
Thursday, 09 July 09
GARDA LISTS SHARES IN LOCAL BOURSE
Local coal company PT Garda Tujuh Buana officially listed its shares in the Indonesia Stock Exchange (IDX).
The listing followed the company's p ...
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- IEA Clean Coal Centre - UK
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- Metalloyd Limited - United Kingdom
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- LBH Netherlands Bv - Netherlands
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- Indonesian Coal Mining Association
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- Energy Link Ltd, New Zealand
- GVK Power & Infra Limited - India
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- CNBM International Corporation - China
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- Posco Energy - South Korea
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Electricity Generating Authority of Thailand
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- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
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- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- International Coal Ventures Pvt Ltd - India
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- VISA Power Limited - India
- Planning Commission, India
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- South Luzon Thermal Energy Corporation
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- London Commodity Brokers - England
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- Holcim Trading Pte Ltd - Singapore
- Independent Power Producers Association of India
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- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
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- The University of Queensland
- Samtan Co., Ltd - South Korea
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- PetroVietnam Power Coal Import and Supply Company
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- Ambuja Cements Ltd - India
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- Sarangani Energy Corporation, Philippines
- ASAPP Information Group - India
- Sojitz Corporation - Japan
- Kumho Petrochemical, South Korea
- Bukit Baiduri Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Kartika Selabumi Mining - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- GMR Energy Limited - India
- Minerals Council of Australia
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Kapuas Tunggal Persada - Indonesia
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- OPG Power Generation Pvt Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Parry Sugars Refinery, India
- Indika Energy - Indonesia
- Parliament of New Zealand
- Port Waratah Coal Services - Australia
- Attock Cement Pakistan Limited
- Coal and Oil Company - UAE
- Agrawal Coal Company - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
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- Maharashtra Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Trasteel International SA, Italy
- Sindya Power Generating Company Private Ltd
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- Videocon Industries ltd - India
- Economic Council, Georgia
- Tamil Nadu electricity Board
- Globalindo Alam Lestari - Indonesia
- Semirara Mining Corp, Philippines
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- Ministry of Mines - Canada
- Ministry of Transport, Egypt
- Sakthi Sugars Limited - India
- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
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- Electricity Authority, New Zealand
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- Romanian Commodities Exchange
- Maheswari Brothers Coal Limited - India
- Aboitiz Power Corporation - Philippines
- Baramulti Group, Indonesia
- Alfred C Toepfer International GmbH - Germany
- PTC India Limited - India
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- Gujarat Mineral Development Corp Ltd - India
- Therma Luzon, Inc, Philippines
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- Tata Chemicals Ltd - India
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- Eastern Energy - Thailand
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- Karbindo Abesyapradhi - Indoneisa
- Orica Australia Pty. Ltd.
- SMC Global Power, Philippines
- Indogreen Group - Indonesia
- Madhucon Powers Ltd - India
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- Directorate Of Revenue Intelligence - India
- Bayan Resources Tbk. - Indonesia
- Straits Asia Resources Limited - Singapore
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- Meralco Power Generation, Philippines
- Karaikal Port Pvt Ltd - India
- McConnell Dowell - Australia
- Bukit Makmur.PT - Indonesia
- Indo Tambangraya Megah - Indonesia
- Australian Commodity Traders Exchange
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Mjunction Services Limited - India
- Power Finance Corporation Ltd., India
- Orica Mining Services - Indonesia
- Energy Development Corp, Philippines
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- Aditya Birla Group - India
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- Kideco Jaya Agung - Indonesia
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- Indian Energy Exchange, India
- Vedanta Resources Plc - India
- Wood Mackenzie - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Intertek Mineral Services - Indonesia
- Central Electricity Authority - India
- Bangladesh Power Developement Board
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- Coastal Gujarat Power Limited - India
- Thai Mozambique Logistica
- Sree Jayajothi Cements Limited - India
- Georgia Ports Authority, United States
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Edison Trading Spa - Italy
- India Bulls Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
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- Banpu Public Company Limited - Thailand
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