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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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Friday, 29 May 09
INDONESIA PLANS "CLEARING HOUSE" FOR COAL - ALIBABA
Alibaba reported that, Indonesia, the world's biggest thermal coal exporter, plans to set up an agency similar to a clearing house to trade stocks ...
Friday, 29 May 09
INDIKA EYES MORE ACQUISITIONS - THE JAKARTA POST
Having nearly completed the acquisition of engineering and mining company PT Petrosea, energy company PT Indika Energy is preparing for more acquisi ...
Friday, 29 May 09
PTBA PAYS DIVIDENDS OF RP 371.5 A SHARE - THE JAKARTA POST
The annual shareholders' meeting of state-controlled coal producer PT Tambang Batubara Bukit Asam (PTBA) approved on Thursday the allocation of 50 ...
Thursday, 28 May 09
INDIANS CHOOSE SOUTH AFRICA COAL OVER INDONESIAN - MINEWEB (REUTERS)
South African cargoes are about $4 a tonne cheaper than Indonesian coal, as a result India now prefers South Africa .
Indian imports of South Afr ...
Wednesday, 27 May 09
NEWCASTLE PORT'S WEEKLY COAL EXPORTS INCREASE 3.6% - BLOOMBERG
Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, rose 3.6 percent last week while the num ...
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- TNB Fuel Sdn Bhd - Malaysia
- Heidelberg Cement - Germany
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- Standard Chartered Bank - UAE
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- ASAPP Information Group - India
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- PetroVietnam Power Coal Import and Supply Company
- Sree Jayajothi Cements Limited - India
- Ministry of Mines - Canada
- Kalimantan Lumbung Energi - Indonesia
- Mercuria Energy - Indonesia
- Australian Coal Association
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- Videocon Industries ltd - India
- Bukit Baiduri Energy - Indonesia
- Global Coal Blending Company Limited - Australia
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- Salva Resources Pvt Ltd - India
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- Ministry of Transport, Egypt
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- Merrill Lynch Commodities Europe
- Power Finance Corporation Ltd., India
- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- Energy Development Corp, Philippines
- Parliament of New Zealand
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- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Chamber of Mines of South Africa
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- Kumho Petrochemical, South Korea
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- ICICI Bank Limited - India
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- San Jose City I Power Corp, Philippines
- Dalmia Cement Bharat India
- Port Waratah Coal Services - Australia
- CIMB Investment Bank - Malaysia
- Star Paper Mills Limited - India
- India Bulls Power Limited - India
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- Bahari Cakrawala Sebuku - Indonesia
- Neyveli Lignite Corporation Ltd, - India
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- Pendopo Energi Batubara - Indonesia
- Petron Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Indika Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- Essar Steel Hazira Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Wilmar Investment Holdings
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- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- GAC Shipping (India) Pvt Ltd
- Sinarmas Energy and Mining - Indonesia
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- Iligan Light & Power Inc, Philippines
- Attock Cement Pakistan Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bulk Trading Sa - Switzerland
- Medco Energi Mining Internasional
- Gujarat Sidhee Cement - India
- GVK Power & Infra Limited - India
- Meralco Power Generation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
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- Africa Commodities Group - South Africa
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- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- Banpu Public Company Limited - Thailand
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- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
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- Borneo Indobara - Indonesia
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- Ambuja Cements Ltd - India
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- Karaikal Port Pvt Ltd - India
- Economic Council, Georgia
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- Holcim Trading Pte Ltd - Singapore
- Mjunction Services Limited - India
- Mintek Dendrill Indonesia
- Directorate General of MIneral and Coal - Indonesia
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- Sakthi Sugars Limited - India
- Aboitiz Power Corporation - Philippines
- Independent Power Producers Association of India
- Renaissance Capital - South Africa
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Savvy Resources Ltd - HongKong
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- GMR Energy Limited - India
- OPG Power Generation Pvt Ltd - India
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- Mercator Lines Limited - India
- Riau Bara Harum - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Samtan Co., Ltd - South Korea
- Georgia Ports Authority, United States
- Orica Australia Pty. Ltd.
- The University of Queensland
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- The State Trading Corporation of India Ltd
- Thai Mozambique Logistica
- Toyota Tsusho Corporation, Japan
- MS Steel International - UAE
- VISA Power Limited - India
- Chettinad Cement Corporation Ltd - India
- Goldman Sachs - Singapore
- Minerals Council of Australia
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Tamil Nadu electricity Board
- Tata Chemicals Ltd - India
- Ministry of Finance - Indonesia
- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Xindia Steels Limited - India
- Marubeni Corporation - India
- Central Electricity Authority - India
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Leighton Contractors Pty Ltd - Australia
- Miang Besar Coal Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
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- Carbofer General Trading SA - India
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- Sical Logistics Limited - India
- Indonesian Coal Mining Association
- Grasim Industreis Ltd - India
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- PTC India Limited - India
- Sojitz Corporation - Japan
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- LBH Netherlands Bv - Netherlands
- Binh Thuan Hamico - Vietnam
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- Aditya Birla Group - India
- Kobexindo Tractors - Indoneisa
- Antam Resourcindo - Indonesia
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