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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, 27 May 09
EUROPEAN COAL PRICES FOR 2010 SETTLEMENT DROP TO 11-DAY LOW - BLOOMBERG
Benchmark European coal derivatives declined to an 11-day low as oil prices slumped.
Coal for delivery to Amsterdam, Rotterdam or Antwerp with se ...
Tuesday, 26 May 09
NEW MINING PERMITS TO BE OBTAINABLE WITHIN TWO WEEKS' TIME - MAJALAHTAMBANG
The Indonesian government is currently formulating a procedure for companies willing to obtain mining permits (IUP in its Indonesian abbreviation). ...
Tuesday, 26 May 09
KADIN CALLS FOR BIGGER RECOGNITION OF MINING SECTOR - MAJALAHTAMBANG
The Indonesian Chamber of Commerce and Industry (KADIN Indonesia) had called other sectors, particularly the forestry and the land administration se ...
Tuesday, 26 May 09
TUTICORIN PORT TO INVEST RS 700CR FOR COAL HANDLING FACILITIES
Business Standard reported that, The Tuticorin Port will develop coal handling facilities for state-run Neyveli Lignite Corporation (NLC) and Coasta ...
Monday, 25 May 09
MMTC TO IMPORT 12.5 MN TN COAL FOR NTPC
India's State-run trading firm MMTC Ltd will import 12.5 million tonnes of coal this fiscal for the country’s largest power producer, NTPC. M ...
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- European Bulk Services B.V. - Netherlands
- Madhucon Powers Ltd - India
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- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- The University of Queensland
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- Bhatia International Limited - India
- Cement Manufacturers Association - India
- Miang Besar Coal Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bulk Trading Sa - Switzerland
- Videocon Industries ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement PLC, Thailand
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- Kobexindo Tractors - Indoneisa
- Metalloyd Limited - United Kingdom
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- Uttam Galva Steels Limited - India
- Ceylon Electricity Board - Sri Lanka
- London Commodity Brokers - England
- Economic Council, Georgia
- Petrochimia International Co. Ltd.- Taiwan
- PowerSource Philippines DevCo
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- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
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- Energy Link Ltd, New Zealand
- Australian Coal Association
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- Holcim Trading Pte Ltd - Singapore
- Indian Energy Exchange, India
- Kapuas Tunggal Persada - Indonesia
- Therma Luzon, Inc, Philippines
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- Bangladesh Power Developement Board
- Wood Mackenzie - Singapore
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- Larsen & Toubro Limited - India
- MS Steel International - UAE
- Pendopo Energi Batubara - Indonesia
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- Mjunction Services Limited - India
- IEA Clean Coal Centre - UK
- Directorate Of Revenue Intelligence - India
- Essar Steel Hazira Ltd - India
- Australian Commodity Traders Exchange
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- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Alfred C Toepfer International GmbH - Germany
- Billiton Holdings Pty Ltd - Australia
- GVK Power & Infra Limited - India
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Straits Asia Resources Limited - Singapore
- Aditya Birla Group - India
- Renaissance Capital - South Africa
- Xindia Steels Limited - India
- SMG Consultants - Indonesia
- Karaikal Port Pvt Ltd - India
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- Sindya Power Generating Company Private Ltd
- Standard Chartered Bank - UAE
- GAC Shipping (India) Pvt Ltd
- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
- Interocean Group of Companies - India
- Deloitte Consulting - India
- SMC Global Power, Philippines
- Central Electricity Authority - India
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- Semirara Mining and Power Corporation, Philippines
- Antam Resourcindo - Indonesia
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- Manunggal Multi Energi - Indonesia
- Sakthi Sugars Limited - India
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
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- Indian Oil Corporation Limited
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- New Zealand Coal & Carbon
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- Globalindo Alam Lestari - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- CNBM International Corporation - China
- Parry Sugars Refinery, India
- OPG Power Generation Pvt Ltd - India
- Ambuja Cements Ltd - India
- Port Waratah Coal Services - Australia
- Gujarat Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Georgia Ports Authority, United States
- Grasim Industreis Ltd - India
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- Lanco Infratech Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Electricity Authority, New Zealand
- Barasentosa Lestari - Indonesia
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- Samtan Co., Ltd - South Korea
- Energy Development Corp, Philippines
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- Binh Thuan Hamico - Vietnam
- Independent Power Producers Association of India
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- SN Aboitiz Power Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sojitz Corporation - Japan
- Bhushan Steel Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Bhoruka Overseas - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Singapore Mercantile Exchange
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Banpu Public Company Limited - Thailand
- Petron Corporation, Philippines
- Simpson Spence & Young - Indonesia
- Wilmar Investment Holdings
- White Energy Company Limited
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- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- Orica Australia Pty. Ltd.
- Intertek Mineral Services - Indonesia
- Timah Investasi Mineral - Indoneisa
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- Toyota Tsusho Corporation, Japan
- AsiaOL BioFuels Corp., Philippines
- Goldman Sachs - Singapore
- Ministry of Transport, Egypt
- Riau Bara Harum - Indonesia
- Sical Logistics Limited - India
- Savvy Resources Ltd - HongKong
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- ASAPP Information Group - India
- Posco Energy - South Korea
- Dalmia Cement Bharat India
- Kideco Jaya Agung - Indonesia
- Ministry of Finance - Indonesia
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- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- The Treasury - Australian Government
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- Coal and Oil Company - UAE
- Star Paper Mills Limited - India
- Heidelberg Cement - Germany
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- San Jose City I Power Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Eastern Energy - Thailand
- Formosa Plastics Group - Taiwan
- The State Trading Corporation of India Ltd
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- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
- Rio Tinto Coal - Australia
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- Bayan Resources Tbk. - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
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