COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Monday, 21 December 09
RUSSIAN COAL MINER SUEK EYES '10 LONDON IPO


* Company valued at around $8-$9 bln - banking source
* IPO could take place in H1 - source
* May list 25 pct of share capital - report

Reuters reported that, SUEK, Russia's largest steam coal producer, is considering an initial public offering (IPO) of shares next year in London, three banking industry sources told Reuters on Monday.

The sources did not say how much SUEK, which is controlled by tycoons Andrei Melnichenko and Sergei Popov, is looking to raise, though one said the entire company was worth between $8 billion and $9 billion.

The same source said the listing would take place in the first half of 2010, while the others said no date had been set.

"There haven't been any good opportunities in this sector for a long time, and the sector is on its way up, so therefore this will be a positive story," one banker said, on condition of anonymity.

Russian aluminium company UC RUSAL is pushing ahead with a $2 billion Hong Kong IPO slated for early 2010, despite a ban on a retail tranche that has reduced the offering to little more than a Russian state bailout.

Two sources said SUEK had yet to decide which banks would lead the IPO. The company could not immediately be reached for comment.

British newspaper The Independent on Sunday cited an unnamed source as saying SUEK could list 25 percent of its shares in London and Moscow in the first half of next year in order to raise money to fund additional projects.

The paper said global heavyweights UBS, Credit Suisse, Morgan Stanley, Goldman Sachs, Citigroup, Deutsche Bank and Bank of America Merrill Lynch were all seeking to participate in the deal.

Russia's VTB and Renaissance Capital had also offered their services to the miner, it added.

SUEK will conduct a second round of interviews with the banks this week and make a final decision shortly thereafter.

The company, which mined 96.2 million tonnes of steam coal last year, originally planned to sell shares to the public in 2008. It abandoned these plans because of the financial crisis, the newspaper wrote.

SUEK is also a major shareholder in a number of Siberian and Far Eastern power companies with total generating capacity of 13 gigawatts.
Source: Reuters



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Saturday, 31 October 09
FLSMIDTH WINS MAJOR INDIAN COAL HANDLING PROJECT
Top global supplier of minerals processing and materials handling equipment, FL smidth, has won another important coal handling contract in India ...


Saturday, 31 October 09
INDIA OPENING POWER SECTOR TO PRIVATE INVESTMENT, COAL STILL THE FUEL OF CHOICE
Energy Tribune reported that, With coal-fired power plants as the primary source, India’s electricity generation sector space has been dominat ...


Friday, 30 October 09
MINERS TOLD TO SPEND ON LOCAL SERVICE FIRMS
The energy and mineral resources ministry has issued a ministerial regulation ordering mining firms to prioritize hiring domestic service companies ...


Friday, 30 October 09
TATA POWER MAY BUY COAL FROM RIVERSDALE'S MOZAMBIQUE MINES
Bloomberg reported that, Tata Power Ltd., India’s biggest electricity generator outside state control, may buy coal from a mine in Mozambique ...


Thursday, 29 October 09
MMTC AWARDED 12.5 MILLION TONS TO THREE INDIAN TRADERS
COALspot.com (India): State-run trading firm MMTC awarded tenders for the import of 12.5 million tonnes of coal for NTPC to three Indian coal trader ...


   1256 1257 1258 1259 1260   
Showing 6286 to 6290 news of total 6871
News by Category
Popular News
 
Total Members : 28,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Ministry of Transport, Egypt
  • Bukit Baiduri Energy - Indonesia
  • The University of Queensland
  • Berau Coal - Indonesia
  • Indian Energy Exchange, India
  • Runge Indonesia
  • World Coal - UK
  • Marubeni Corporation - India
  • Banpu Public Company Limited - Thailand
  • Indonesia Power. PT
  • Binh Thuan Hamico - Vietnam
  • Coalindo Energy - Indonesia
  • Standard Chartered Bank - UAE
  • Surastha Cement
  • World Bank
  • Makarim & Taira - Indonesia
  • Essar Steel Hazira Ltd - India
  • Bukit Makmur.PT - Indonesia
  • Vijayanagar Sugar Pvt Ltd - India
  • Gujarat Sidhee Cement - India
  • Kobe Steel Ltd - Japan
  • GVK Power & Infra Limited - India
  • International Coal Ventures Pvt Ltd - India
  • White Energy Company Limited
  • MEC Coal - Indonesia
  • Australian Commodity Traders Exchange
  • Indogreen Group - Indonesia
  • J M Baxi & Co - India
  • Arutmin Indonesia
  • Siam City Cement PLC, Thailand
  • Madhucon Powers Ltd - India
  • Infraline Energy - India
  • Noble Europe Ltd - UK
  • Interocean Group of Companies - India
  • KPMG - USA
  • Savvy Resources Ltd - HongKong
  • PetroVietnam
  • Kartika Selabumi Mining - Indonesia
  • Bharathi Cement Corporation - India
  • Videocon Industries ltd - India
  • Samsung - South Korea
  • Bukit Asam (Persero) Tbk - Indonesia
  • Commonwealth Bank - Australia
  • Core Mineral Indonesia
  • VISA Power Limited - India
  • Inco-Indonesia
  • Japan Coal Energy Center
  • Formosa Plastics Group - Taiwan
  • Vale Mozambique
  • bp singapore
  • Cigading International Bulk Terminal - Indonesia
  • IHS Mccloskey Coal Group - USA
  • Global Coal Blending Company Limited - Australia
  • Baramulti Group, Indonesia
  • ICICI Bank Limited - India
  • CIMB Investment Bank - Malaysia
  • Ince & co LLP
  • PLN - Indonesia
  • Sree Jayajothi Cements Limited - India
  • Inspectorate - India
  • Thiess Contractors Indonesia
  • Coeclerici Indonesia
  • Coal India Limited
  • Carbofer General Trading SA - India
  • Maheswari Brothers Coal Limited - India
  • U S Energy Resources
  • New Zealand Coal & Carbon
  • Singapore Mercantile Exchange
  • CNBM International Corporation - China
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Pipit Mutiara Jaya. PT, Indonesia
  • SASOL - South Africa
  • PetroVietnam Power Coal Import and Supply Company
  • Cardiff University - UK
  • Mercuria Energy - Indonesia
  • Kobexindo Tractors - Indoneisa
  • Enel Italy
  • Mitsui
  • Merrill Lynch Bank
  • Coastal Gujarat Power Limited - India
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • ETA - Dubai
  • Parry Sugars Refinery, India
  • Goldman Sachs - Singapore
  • Mintek Dendrill Indonesia
  • EMO - The Netherlands
  • Kaltim Prima Coal - Indonesia
  • Ambuja Cements Ltd - India
  • CoalTek, United States
  • Ministry of Finance - Indonesia
  • Meenaskhi Energy Private Limited - India
  • Merrill Lynch Commodities Europe
  • Qatrana Cement - Jordan
  • Gupta Coal India Ltd
  • Dalmia Cement Bharat India
  • MS Steel International - UAE
  • Vizag Seaport Private Limited - India
  • Maersk Broker
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Moodys - Singapore
  • UBS Singapore
  • Posco Energy - South Korea
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Pinang Coal Indonesia
  • Barclays Capital - USA
  • Iligan Light & Power Inc, Philippines
  • Arch Coal - USA
  • Bangkok Bank PCL
  • Cemex - Philippines
  • Sakthi Sugars Limited - India
  • SRK Consulting
  • Clarksons - UK
  • TNB Fuel Sdn Bhd - Malaysia
  • GB Group - China
  • Mitsubishi Corporation
  • Tata Chemicals Ltd - India
  • Attock Cement Pakistan Limited
  • Global Business Power Corporation, Philippines
  • Permata Bank - Indonesia
  • Uttam Galva Steels Limited - India
  • Gresik Semen - Indonesia
  • Antam Resourcindo - Indonesia
  • Energy Development Corp, Philippines
  • Reliance Power - India
  • Directorate General of MIneral and Coal - Indonesia
  • UOB Asia (HK) Ltd
  • Metalloyd Limited - United Kingdom
  • Thermax Limited - India
  • India Bulls Power Limited - India
  • Bhushan Steel Limited - India
  • WorleyParsons
  • Adani Power Ltd - India
  • CESC Limited - India
  • PNOC Exploration Corporation - Philippines
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Jindal Steel & Power Ltd - India
  • Port Waratah Coal Services - Australia
  • Petrochimia International Co. Ltd.- Taiwan
  • Indian Oil Corporation Limited
  • Therma Luzon, Inc, Philippines
  • Mjunction Services Limited - India
  • AsiaOL BioFuels Corp., Philippines
  • Karaikal Port Pvt Ltd - India
  • Sucofindo - Indonesia
  • Britmindo - Indonesia
  • Maharashtra Electricity Regulatory Commission - India
  • Mitra SK Pvt Ltd - India
  • GAC Shipping (India) Pvt Ltd
  • Bhoruka Overseas - Indonesia
  • Semirara Mining Corp, Philippines
  • Orica Mining Services - Indonesia
  • Coaltrans Conferences
  • Edison Trading Spa - Italy
  • London Commodity Brokers - England
  • Eastern Coal Council - USA
  • Indonesian Coal Mining Association
  • Malco - India
  • Glencore India Pvt. Ltd
  • JPMorgan - India
  • Sinarmas Energy and Mining - Indonesia
  • GMR Energy Limited - India
  • The Treasury - Australian Government
  • Peabody Energy - USA
  • globalCOAL - UK
  • TANGEDCO India
  • Power Finance Corporation Ltd., India
  • San Jose City I Power Corp, Philippines
  • SMG Consultants - Indonesia
  • Karbindo Abesyapradhi - Indoneisa
  • Ernst & Young Pvt. Ltd.
  • Independent Power Producers Association of India
  • Bahari Cakrawala Sebuku - Indonesia
  • Rio Tinto Coal - Australia
  • NALCO India
  • Energy Link Ltd, New Zealand
  • Semirara Mining and Power Corporation, Philippines
  • Kepco SPC Power Corporation, Philippines
  • The India Cements Ltd
  • Asian Development Bank
  • Kalimantan Lumbung Energi - Indonesia
  • Electricity Generating Authority of Thailand
  • Sojitz Corporation - Japan
  • Rudhra Energy - India
  • Mechel - Russia
  • Grasim Industreis Ltd - India
  • Panama Canal Authority
  • Thriveni
  • Humpuss - Indonesia
  • Lanco Infratech Ltd - India
  • Asmin Koalindo Tuhup - Indonesia
  • Renaissance Capital - South Africa
  • Eastern Energy - Thailand
  • Xindia Steels Limited - India
  • Bank of America
  • Siam City Cement - Thailand
  • Africa Commodities Group - South Africa
  • Thomson Reuters GRC
  • BRS Brokers - Singapore
  • Indo Tambangraya Megah - Indonesia
  • Adaro Indonesia
  • Minerals Council of Australia
  • Russian Coal LLC
  • Gujarat Electricity Regulatory Commission - India
  • Xstrata Coal
  • Bhatia International Limited - India
  • Freeport Indonesia
  • OCBC - Singapore
  • Medco Energi Mining Internasional
  • Lafarge - France
  • Maruti Cements - India
  • Chamber of Mines of South Africa
  • Mercator Lines Limited - India
  • BNP Paribas - Singapore
  • Leighton Contractors Pty Ltd - Australia
  • KPCL - India
  • Simpson Spence & Young - Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • Bangladesh Power Developement Board
  • McKinsey & Co - India
  • Tanito Harum - Indonesia
  • Orica Australia Pty. Ltd.
  • Shenhua Group - China
  • Intertek Mineral Services - Indonesia
  • Riau Bara Harum - Indonesia
  • Shree Cement - India
  • Parliament of New Zealand
  • Tamil Nadu electricity Board
  • The State Trading Corporation of India Ltd
  • Holcim Trading Pte Ltd - Singapore
  • Georgia Ports Authority, United States
  • RBS Sempra - UK
  • GN Power Mariveles Coal Plant, Philippines
  • Salva Resources Pvt Ltd - India
  • Aditya Birla Group - India
  • Pendopo Energi Batubara - Indonesia
  • Bulk Trading Sa - Switzerland
  • Jorong Barutama Greston.PT - Indonesia
  • Bayan Resources Tbk. - Indonesia
  • Alfred C Toepfer International GmbH - Germany
  • Romanian Commodities Exchange
  • Central Java Power - Indonesia
  • Planning Commission, India
  • Anglo American - United Kingdom
  • South Luzon Thermal Energy Corporation
  • Miang Besar Coal Terminal - Indonesia
  • Jatenergy - Australia
  • ACC Limited - India
  • PowerSource Philippines DevCo
  • JPower - Japan
  • Total Coal South Africa
  • Trasteel International SA, Italy
  • Kideco Jaya Agung - Indonesia
  • Gujarat Mineral Development Corp Ltd - India
  • Asia Cement - Taiwan
  • Australian Coal Association
  • Aboitiz Power Corporation - Philippines
  • Samtan Co., Ltd - South Korea
  • Thai Mozambique Logistica
  • Malabar Cements Ltd - India
  • Kohat Cement Company Ltd. - Pakistan
  • TRAFIGURA, South Korea
  • PTC India Limited - India
  • Petron Corporation, Philippines
  • TNPL - India
  • Straits Asia Resources Limited - Singapore
  • Barasentosa Lestari - Indonesia
  • Globalindo Alam Lestari - Indonesia
  • Altura Mining Limited, Indonesia
  • Latin American Coal - Colombia
  • Ministry of Mines - Canada
  • Platou - Singapore
  • ING Bank NV - Singapore
  • Sindya Power Generating Company Private Ltd
  • SUEK AG - Indonesia
  • Tata Power - India
  • GHCL Limited - India
  • Thailand Anthracite
  • Fearnleys - India
  • Coal Orbis AG
  • Geoservices-GeoAssay Lab
  • Agrawal Coal Company - India
  • APGENCO India
  • Price Waterhouse Coopers - Russia
  • Heidelberg Cement - Germany
  • Star Paper Mills Limited - India
  • Central Electricity Authority - India
  • KEPCO - South Korea
  • SMC Global Power, Philippines
  • Krishnapatnam Port Company Ltd. - India
  • Neyveli Lignite Corporation Ltd, - India
  • IOL Indonesia
  • Meralco Power Generation, Philippines
  • Billiton Holdings Pty Ltd - Australia
  • Rashtriya Ispat Nigam Limited - India
  • Platts
  • Credit Suisse - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • CCIC - Indonesia
  • Vedanta Resources Plc - India
  • Kapuas Tunggal Persada - Indonesia
  • Cosco
  • Sical Logistics Limited - India
  • SGS (Thailand) Limited
  • Bank of China, Malaysia
  • Deutsche Bank - India
  • Global Green Power PLC Corporation, Philippines
  • LBH Netherlands Bv - Netherlands
  • Chettinad Cement Corporation Ltd - India
  • PLN Batubara - Indonesia
  • SN Aboitiz Power Inc, Philippines
  • Borneo Indobara - Indonesia
  • Economic Council, Georgia
  • OPG Power Generation Pvt Ltd - India
  • HSBC - Hong Kong
  • Larsen & Toubro Limited - India
  • Petrosea - Indonesia
  • Cebu Energy, Philippines
  • Jaiprakash Power Ventures ltd
  • IEA Clean Coal Centre - UK
  • GNFC Limited - India
  • European Bulk Services B.V. - Netherlands
  • Wood Mackenzie - Singapore
  • Cement Manufacturers Association - India
  • Idemitsu - Japan
  • Oldendorff Carriers - Singapore
  • Indika Energy - Indonesia
  • Directorate Of Revenue Intelligence - India
  • Indian School of Mines
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Deloitte Consulting - India
  • IMC Shipping - Singapore
  • IBC Asia (S) Pte Ltd
  • Indorama - Singapore
  • Coal and Oil Company - UAE
  • Toyota Tsusho Corporation, Japan
  • DBS Bank - Singapore
  • KOWEPO - South Korea
  • Sarangani Energy Corporation, Philippines
  • ANZ Bank - Australia
  • Wilmar Investment Holdings
  • Vitol - Bahrain
  • Maybank - Singapore
  • Ind-Barath Power Infra Limited - India
  • Electricity Authority, New Zealand
  • McConnell Dowell - Australia
  • Timah Investasi Mineral - Indoneisa
  • Cargill India Pvt Ltd
  • Manunggal Multi Energi - Indonesia
  • NTPC Limited - India
  • EIA - United States
  • TeaM Sual Corporation - Philippines
  • ASAPP Information Group - India
  • Argus Media - Singapore
  • Kumho Petrochemical, South Korea
  • TGV SRAAC LIMITED, India