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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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Sunday, 08 March 09
AUSTRALIA'S FELIX STUDYING COAL ACQUISITIONS IN INDIA, INDONESIA
Bloomberg reported that, Felix Resources Ltd., an Australian supplier of coal to Korea and Japan, is studying acquisitions of energy coal assets in ...
Saturday, 07 March 09
THERMAL COAL PRICES MAY DROP, STANDARD CHARTERED SAYS
Bloomberg reported that, Coal prices may decline as a slump in demand for the fuel outpaces cuts in production, Standard Chartered Plc said.
Exp ...
Friday, 06 March 09
STRAITS ASIA EYES 3RD MINE
Straitstimes reported that, Mining company Straits Asia Resources is on an expansion trail to more than double its output by 2012.
Amid the econo ...
Friday, 06 March 09
INDONESIA MAY MISS 2009 COAL OUTPUT TARGET-OFFICIAL
Indonesia, the world's top thermal coal exporter, may fail to achieve its coal production target this year as the global economic crisis dents dema ...
Friday, 06 March 09
POWER FIRMS HEAD TO INDONESIA FOR COAL
The Hindu Businessline reported that, The enactment of a new, more liberal, mining legislation in Indonesia is drawing coal-starved Indian power uti ...
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- PTC India Limited - India
- Karaikal Port Pvt Ltd - India
- Planning Commission, India
- Thai Mozambique Logistica
- Medco Energi Mining Internasional
- Renaissance Capital - South Africa
- Bukit Makmur.PT - Indonesia
- Ind-Barath Power Infra Limited - India
- Minerals Council of Australia
- Sree Jayajothi Cements Limited - India
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Essar Steel Hazira Ltd - India
- Bhushan Steel Limited - India
- Global Business Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Anglo American - United Kingdom
- Ministry of Transport, Egypt
- Thiess Contractors Indonesia
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Coastal Gujarat Power Limited - India
- Kapuas Tunggal Persada - Indonesia
- McConnell Dowell - Australia
- Altura Mining Limited, Indonesia
- Power Finance Corporation Ltd., India
- Sakthi Sugars Limited - India
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Economic Council, Georgia
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Straits Asia Resources Limited - Singapore
- Globalindo Alam Lestari - Indonesia
- Indonesian Coal Mining Association
- Lanco Infratech Ltd - India
- Meralco Power Generation, Philippines
- Kaltim Prima Coal - Indonesia
- Energy Development Corp, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Carbofer General Trading SA - India
- White Energy Company Limited
- Global Coal Blending Company Limited - Australia
- GMR Energy Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kartika Selabumi Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- International Coal Ventures Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Malabar Cements Ltd - India
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- Bulk Trading Sa - Switzerland
- Kepco SPC Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Singapore Mercantile Exchange
- Cigading International Bulk Terminal - Indonesia
- Marubeni Corporation - India
- Australian Coal Association
- Mercator Lines Limited - India
- Jaiprakash Power Ventures ltd
- Ceylon Electricity Board - Sri Lanka
- Orica Mining Services - Indonesia
- Global Green Power PLC Corporation, Philippines
- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- San Jose City I Power Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- ICICI Bank Limited - India
- MS Steel International - UAE
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- Ministry of Mines - Canada
- Eastern Energy - Thailand
- Latin American Coal - Colombia
- Iligan Light & Power Inc, Philippines
- Siam City Cement PLC, Thailand
- Cement Manufacturers Association - India
- Sinarmas Energy and Mining - Indonesia
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- Banpu Public Company Limited - Thailand
- Kumho Petrochemical, South Korea
- Antam Resourcindo - Indonesia
- India Bulls Power Limited - India
- Eastern Coal Council - USA
- Goldman Sachs - Singapore
- Mintek Dendrill Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- The University of Queensland
- Miang Besar Coal Terminal - Indonesia
- Parry Sugars Refinery, India
- Vedanta Resources Plc - India
- Central Electricity Authority - India
- Mercuria Energy - Indonesia
- Indian Energy Exchange, India
- CNBM International Corporation - China
- Baramulti Group, Indonesia
- Deloitte Consulting - India
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Indogreen Group - Indonesia
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- Kideco Jaya Agung - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Wood Mackenzie - Singapore
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- Edison Trading Spa - Italy
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- New Zealand Coal & Carbon
- Uttam Galva Steels Limited - India
- Tata Chemicals Ltd - India
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- The Treasury - Australian Government
- South Luzon Thermal Energy Corporation
- Indika Energy - Indonesia
- Tamil Nadu electricity Board
- Gujarat Sidhee Cement - India
- Madhucon Powers Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- Kohat Cement Company Ltd. - Pakistan
- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Savvy Resources Ltd - HongKong
- Bayan Resources Tbk. - Indonesia
- VISA Power Limited - India
- Toyota Tsusho Corporation, Japan
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Bhatia International Limited - India
- Electricity Generating Authority of Thailand
- IEA Clean Coal Centre - UK
- Port Waratah Coal Services - Australia
- Intertek Mineral Services - Indonesia
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Timah Investasi Mineral - Indoneisa
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- Jorong Barutama Greston.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Chamber of Mines of South Africa
- Maheswari Brothers Coal Limited - India
- Petron Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Indo Tambangraya Megah - Indonesia
- Standard Chartered Bank - UAE
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- Price Waterhouse Coopers - Russia
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- Semirara Mining and Power Corporation, Philippines
- Trasteel International SA, Italy
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- London Commodity Brokers - England
- Neyveli Lignite Corporation Ltd, - India
- Riau Bara Harum - Indonesia
- ASAPP Information Group - India
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Parliament of New Zealand
- Sindya Power Generating Company Private Ltd
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Ambuja Cements Ltd - India
- Georgia Ports Authority, United States
- SMG Consultants - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jindal Steel & Power Ltd - India
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