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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 $1.7 billion in the current fiscal.
The company is now producing 430 million tonnes of coal, which is expected to reach 700 million tonnes over the next 10 years, Bhattacharyya said.
CIL has also secured exploration licences for two blocks in Mozambique and expects to start work there soon.
“We are expecting one billion tonnes reserves from these blocks,” he said.
Bhattacharyya also spoke about the company’s corporate social responsibilities. “As we are expanding our coal mining operations, its our responsibility to grow more trees than we have cut. We are passionately pursuing the afforestation programme.”
The company is adopting clean technology to reduce the impact of mining on the environment, he said.
Source: Business News - INAS
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Thursday, 01 April 10
OWNERS WERE STILL BULLISH ON SHORT PERIOD NUMBERS, BUT CHARTERERS IN GENERAL WERE NOT READY TO PAY - BRS
SUPRA / HANDY
After several weeks of a rising market, the BSI lost 9% last week to close on Friday at US$ 27,677 per day for the TC routes. ...
Thursday, 01 April 10
PROFIT AT TWO INDONESIAN COAL MINERS SOARS AS RECOVERY STIRS GREATER DEMAND, HIGHER PRICES - THE JAKARTA GLOBE
The Jakarta Globe reported that, Two of the country’s biggest coal producers enjoyed a surge in profit last year as prices rose and demand pic ...
Thursday, 01 April 10
BHP BILLITON TO SELL STAKE IN MARUWAI TO ADARO - THE JAKARTA POST
The Jakarta Posted reported that, BHP Billiton has agreed to sell 25 percent of its stake in the Maruwai Coal Project in Kalimantan to Indonesia&rsq ...
Thursday, 01 April 10
AUSTRALIAN COAL PRODUCER REJECTS $3 BILLION PEABODY OFFER - STL TODAY
STL today reported that, Australian coal producer Macarthur Coal Ltd. rejected a $3 billion cash takeover bid from Peabody Energy Corp., which seeks ...
Thursday, 01 April 10
TATA POWER EYES MORE COAL FROM INDONESIA FOR ITS FUTURE PLANTS - FINANCIAL EXPRESS
Financial Expressreported that, Tata Power, one of the largest private sector power utilities in the country with interests in generation, transmiss ...
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- LBH Netherlands Bv - Netherlands
- Simpson Spence & Young - Indonesia
- Coastal Gujarat Power Limited - India
- Sakthi Sugars Limited - India
- Rio Tinto Coal - Australia
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Kohat Cement Company Ltd. - Pakistan
- The State Trading Corporation of India Ltd
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Minerals Council of Australia
- Mercator Lines Limited - India
- Borneo Indobara - Indonesia
- Siam City Cement PLC, Thailand
- Globalindo Alam Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- Port Waratah Coal Services - Australia
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- Heidelberg Cement - Germany
- Kumho Petrochemical, South Korea
- ICICI Bank Limited - India
- Malabar Cements Ltd - India
- Wood Mackenzie - Singapore
- PNOC Exploration Corporation - Philippines
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- Bhatia International Limited - India
- Coalindo Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Bangladesh Power Developement Board
- Altura Mining Limited, Indonesia
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Madhucon Powers Ltd - India
- Indika Energy - Indonesia
- Indonesian Coal Mining Association
- Essar Steel Hazira Ltd - India
- Cement Manufacturers Association - India
- Kalimantan Lumbung Energi - Indonesia
- Commonwealth Bank - Australia
- Bayan Resources Tbk. - Indonesia
- Deloitte Consulting - India
- MS Steel International - UAE
- Jaiprakash Power Ventures ltd
- Interocean Group of Companies - India
- TNB Fuel Sdn Bhd - Malaysia
- PTC India Limited - India
- GVK Power & Infra Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Singapore Mercantile Exchange
- White Energy Company Limited
- Georgia Ports Authority, United States
- Power Finance Corporation Ltd., India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Parliament of New Zealand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Electricity Generating Authority of Thailand
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- Marubeni Corporation - India
- GMR Energy Limited - India
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
- Metalloyd Limited - United Kingdom
- Aditya Birla Group - India
- International Coal Ventures Pvt Ltd - India
- Videocon Industries ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Latin American Coal - Colombia
- The University of Queensland
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Grasim Industreis Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- Rashtriya Ispat Nigam Limited - India
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Indian Energy Exchange, India
- Binh Thuan Hamico - Vietnam
- PowerSource Philippines DevCo
- Pendopo Energi Batubara - Indonesia
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- SMC Global Power, Philippines
- Makarim & Taira - Indonesia
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- Karbindo Abesyapradhi - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Baramulti Group, Indonesia
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- Bharathi Cement Corporation - India
- Eastern Coal Council - USA
- Sinarmas Energy and Mining - Indonesia
- Alfred C Toepfer International GmbH - Germany
- TeaM Sual Corporation - Philippines
- Orica Australia Pty. Ltd.
- European Bulk Services B.V. - Netherlands
- Meenaskhi Energy Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- Kideco Jaya Agung - Indonesia
- Africa Commodities Group - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Sojitz Corporation - Japan
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Thiess Contractors Indonesia
- Ministry of Finance - Indonesia
- Posco Energy - South Korea
- Economic Council, Georgia
- Iligan Light & Power Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Thai Mozambique Logistica
- Gujarat Sidhee Cement - India
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Vedanta Resources Plc - India
- Bukit Baiduri Energy - Indonesia
- Central Electricity Authority - India
- Carbofer General Trading SA - India
- Romanian Commodities Exchange
- Australian Commodity Traders Exchange
- Karaikal Port Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Orica Mining Services - Indonesia
- Therma Luzon, Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- India Bulls Power Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Chamber of Mines of South Africa
- Jorong Barutama Greston.PT - Indonesia
- Bulk Trading Sa - Switzerland
- Chettinad Cement Corporation Ltd - India
- Barasentosa Lestari - Indonesia
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Agrawal Coal Company - India
- Planning Commission, India
- Bahari Cakrawala Sebuku - Indonesia
- Maheswari Brothers Coal Limited - India
- Standard Chartered Bank - UAE
- Larsen & Toubro Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Toyota Tsusho Corporation, Japan
- Banpu Public Company Limited - Thailand
- Tamil Nadu electricity Board
- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Wilmar Investment Holdings
- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Attock Cement Pakistan Limited
- Vizag Seaport Private Limited - India
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- SN Aboitiz Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhushan Steel Limited - India
- Petron Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Electricity Authority, New Zealand
- Global Business Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- Manunggal Multi Energi - Indonesia
- Directorate Of Revenue Intelligence - India
- Parry Sugars Refinery, India
- IHS Mccloskey Coal Group - USA
- Semirara Mining Corp, Philippines
- Tata Chemicals Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Independent Power Producers Association of India
- Sindya Power Generating Company Private Ltd
- Lanco Infratech Ltd - India
- Bukit Makmur.PT - Indonesia
- Ambuja Cements Ltd - India
- Riau Bara Harum - Indonesia
- Edison Trading Spa - Italy
- VISA Power Limited - India
- CNBM International Corporation - China
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