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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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Thursday, 08 April 10
INDONESIAN ENERGY MINISTRY SEEKS LONGER MINING CONTRACTS - THE JAKARTAGLOBE
The Jakarta Globe reported that, Energy Minister Darwin Zahedy Saleh said he would seek to amend the mining law to address investors’ complain ...
Thursday, 08 April 10
NAPOCOR GETS ONE OFFER AT COAL TENDER - ABS CBN
ABS- CBN News reported that, Philippine power producer National Power Corp. (Napocor) is likely to buy 50,000 tons of steam coal from PT Berau Coal ...
Wednesday, 07 April 10
DRY BULK MARKET LOOKING FOR DIRECTION
The dry bulk market has kept a low profile during the past week, as evidenced by the small changes of a usually rather turbulent Baltic Dry Index (B ...
Tuesday, 06 April 10
NEWCASTLE COAL EXPORTS RISE 24%, SHIP QUEUE SHORTENS - BLOOMBERG
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel used in power st ...
Tuesday, 06 April 10
UAE STEEL TRADERS FEAR LOSSES ON GLOBAL HIKE
A sudden spurt in the price of iron ore in the international market has caught local steel traders and manufacturers and a host of other steel-depen ...
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- Marubeni Corporation - India
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- Planning Commission, India
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- GMR Energy Limited - India
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- Wood Mackenzie - Singapore
- Barasentosa Lestari - Indonesia
- Aboitiz Power Corporation - Philippines
- Kalimantan Lumbung Energi - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Rio Tinto Coal - Australia
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- Electricity Authority, New Zealand
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- Mercuria Energy - Indonesia
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Indika Energy - Indonesia
- Meralco Power Generation, Philippines
- Cement Manufacturers Association - India
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- Semirara Mining Corp, Philippines
- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
- Standard Chartered Bank - UAE
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- Salva Resources Pvt Ltd - India
- Thiess Contractors Indonesia
- Electricity Generating Authority of Thailand
- Agrawal Coal Company - India
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- Oldendorff Carriers - Singapore
- Binh Thuan Hamico - Vietnam
- Metalloyd Limited - United Kingdom
- Orica Mining Services - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Finance - Indonesia
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- Bulk Trading Sa - Switzerland
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- Makarim & Taira - Indonesia
- Maheswari Brothers Coal Limited - India
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- PetroVietnam Power Coal Import and Supply Company
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- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- Posco Energy - South Korea
- TeaM Sual Corporation - Philippines
- Thai Mozambique Logistica
- Star Paper Mills Limited - India
- Sinarmas Energy and Mining - Indonesia
- The University of Queensland
- Orica Australia Pty. Ltd.
- Altura Mining Limited, Indonesia
- SMG Consultants - Indonesia
- New Zealand Coal & Carbon
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- IHS Mccloskey Coal Group - USA
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Sakthi Sugars Limited - India
- Vedanta Resources Plc - India
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- Maharashtra Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Parliament of New Zealand
- PowerSource Philippines DevCo
- Commonwealth Bank - Australia
- Savvy Resources Ltd - HongKong
- Videocon Industries ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- Sojitz Corporation - Japan
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- San Jose City I Power Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- Romanian Commodities Exchange
- Krishnapatnam Port Company Ltd. - India
- Semirara Mining and Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- McConnell Dowell - Australia
- Rashtriya Ispat Nigam Limited - India
- Bhushan Steel Limited - India
- Vizag Seaport Private Limited - India
- European Bulk Services B.V. - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Uttam Galva Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- Ambuja Cements Ltd - India
- Malabar Cements Ltd - India
- Indogreen Group - Indonesia
- Parry Sugars Refinery, India
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Anglo American - United Kingdom
- Bhoruka Overseas - Indonesia
- Siam City Cement PLC, Thailand
- Deloitte Consulting - India
- Global Green Power PLC Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Merrill Lynch Commodities Europe
- Interocean Group of Companies - India
- London Commodity Brokers - England
- Central Java Power - Indonesia
- Petron Corporation, Philippines
- ICICI Bank Limited - India
- South Luzon Thermal Energy Corporation
- Trasteel International SA, Italy
- Tamil Nadu electricity Board
- CNBM International Corporation - China
- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- Riau Bara Harum - Indonesia
- Chettinad Cement Corporation Ltd - India
- Meenaskhi Energy Private Limited - India
- Bukit Makmur.PT - Indonesia
- GVK Power & Infra Limited - India
- Ceylon Electricity Board - Sri Lanka
- Leighton Contractors Pty Ltd - Australia
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- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- Latin American Coal - Colombia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Sidhee Cement - India
- Manunggal Multi Energi - Indonesia
- Renaissance Capital - South Africa
- SMC Global Power, Philippines
- Singapore Mercantile Exchange
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- Tata Chemicals Ltd - India
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- Jindal Steel & Power Ltd - India
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- Bank of Tokyo Mitsubishi UFJ Ltd
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- SN Aboitiz Power Inc, Philippines
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- Africa Commodities Group - South Africa
- Sindya Power Generating Company Private Ltd
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- Sarangani Energy Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Kaltim Prima Coal - Indonesia
- Energy Link Ltd, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Economic Council, Georgia
- TNB Fuel Sdn Bhd - Malaysia
- Toyota Tsusho Corporation, Japan
- Gujarat Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Indian Oil Corporation Limited
- Dalmia Cement Bharat India
- Offshore Bulk Terminal Pte Ltd, Singapore
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- Australian Coal Association
- Central Electricity Authority - India
- Price Waterhouse Coopers - Russia
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
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