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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 $1.7 billion in the current fiscal.
The company is now producing 430 million tonnes of coal, which is expected to reach 700 million tonnes over the next 10 years, Bhattacharyya said.
CIL has also secured exploration licences for two blocks in Mozambique and expects to start work there soon.
“We are expecting one billion tonnes reserves from these blocks,” he said.
Bhattacharyya also spoke about the company’s corporate social responsibilities. “As we are expanding our coal mining operations, its our responsibility to grow more trees than we have cut. We are passionately pursuing the afforestation programme.”
The company is adopting clean technology to reduce the impact of mining on the environment, he said.
Source: Business News - INAS
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Tuesday, 30 March 10
CHINA'S DROUGHT RAISES COAL PRICES, LOWERS HYDROPOWER
Bloomberg reported that, Benchmark coal prices at Qinhuangdao, China’s largest port handling the fuel, rose for the first time in 10 weeks aft ...
Tuesday, 30 March 10
PRICES FOR COKING COAL, IRON ORE TO SOAR AMID BURGEONING STEEL DEMAND: SCOTIABANK
Winnipeg Free Press reported that, Strong steel demand from China and a recovery in the developed world will push coking coal prices 56 per ce ...
Sunday, 28 March 10
DEMAND FROM INDIA RESHAPING THE GLOBAL COAL MARKET - DAVE FOREST
Attention international coal industry. There's a new kid on the block.
The nation of India.
India is emerging as a major re-shaping force for ...
Sunday, 28 March 10
SHIPS FROM WC INDIA TO CHINA CONTINUED TO BE FIXED AT HEALTHY LEVELS AT AROUND US$ 50/52,000 PER DAY - VISTAAR
COALspot.com: The dry bulk freight market seemed to be heading for a correction with all the indices dropping by 8-10 pct except for handy size whic ...
Saturday, 27 March 10
CHINA DROUGHT MAY RAISE COAL DEMAND, BOOST PRICES, CLSA SAYS - BLOOMBERG
Bloomberg reported that, Droughts in southwest China may increase demand for coal used in power plants, and ‘support” prices in the &ldq ...
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- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- Leighton Contractors Pty Ltd - Australia
- Singapore Mercantile Exchange
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Maharashtra Electricity Regulatory Commission - India
- Global Green Power PLC Corporation, Philippines
- Commonwealth Bank - Australia
- Parliament of New Zealand
- Marubeni Corporation - India
- SN Aboitiz Power Inc, Philippines
- Mintek Dendrill Indonesia
- Tamil Nadu electricity Board
- Kalimantan Lumbung Energi - Indonesia
- Georgia Ports Authority, United States
- Mjunction Services Limited - India
- Australian Coal Association
- Maheswari Brothers Coal Limited - India
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- SMG Consultants - Indonesia
- Semirara Mining Corp, Philippines
- Barasentosa Lestari - Indonesia
- Parry Sugars Refinery, India
- Edison Trading Spa - Italy
- Bangladesh Power Developement Board
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- Altura Mining Limited, Indonesia
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Kohat Cement Company Ltd. - Pakistan
- Latin American Coal - Colombia
- Anglo American - United Kingdom
- Deloitte Consulting - India
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- Electricity Authority, New Zealand
- LBH Netherlands Bv - Netherlands
- Power Finance Corporation Ltd., India
- Iligan Light & Power Inc, Philippines
- Xindia Steels Limited - India
- Binh Thuan Hamico - Vietnam
- Kobexindo Tractors - Indoneisa
- Sakthi Sugars Limited - India
- PowerSource Philippines DevCo
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- Bukit Baiduri Energy - Indonesia
- Electricity Generating Authority of Thailand
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- Ceylon Electricity Board - Sri Lanka
- Chettinad Cement Corporation Ltd - India
- Central Java Power - Indonesia
- Ministry of Transport, Egypt
- Karbindo Abesyapradhi - Indoneisa
- Lanco Infratech Ltd - India
- New Zealand Coal & Carbon
- Kumho Petrochemical, South Korea
- GN Power Mariveles Coal Plant, Philippines
- International Coal Ventures Pvt Ltd - India
- Bhushan Steel Limited - India
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- VISA Power Limited - India
- Coalindo Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Bharathi Cement Corporation - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Uttam Galva Steels Limited - India
- Planning Commission, India
- Borneo Indobara - Indonesia
- Malabar Cements Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- Renaissance Capital - South Africa
- Dalmia Cement Bharat India
- CNBM International Corporation - China
- Heidelberg Cement - Germany
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Gujarat Mineral Development Corp Ltd - India
- Thiess Contractors Indonesia
- Thai Mozambique Logistica
- Rio Tinto Coal - Australia
- Directorate General of MIneral and Coal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Globalindo Alam Lestari - Indonesia
- TeaM Sual Corporation - Philippines
- Standard Chartered Bank - UAE
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- Neyveli Lignite Corporation Ltd, - India
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- McConnell Dowell - Australia
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- White Energy Company Limited
- TNB Fuel Sdn Bhd - Malaysia
- South Luzon Thermal Energy Corporation
- Kepco SPC Power Corporation, Philippines
- Independent Power Producers Association of India
- Grasim Industreis Ltd - India
- Salva Resources Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Port Waratah Coal Services - Australia
- Sical Logistics Limited - India
- Videocon Industries ltd - India
- Coal and Oil Company - UAE
- GVK Power & Infra Limited - India
- IHS Mccloskey Coal Group - USA
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Therma Luzon, Inc, Philippines
- Siam City Cement - Thailand
- Jindal Steel & Power Ltd - India
- Ministry of Finance - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indika Energy - Indonesia
- Interocean Group of Companies - India
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
- Sindya Power Generating Company Private Ltd
- Bhatia International Limited - India
- Cement Manufacturers Association - India
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Siam City Cement PLC, Thailand
- CIMB Investment Bank - Malaysia
- Indian Oil Corporation Limited
- PTC India Limited - India
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- The State Trading Corporation of India Ltd
- Ind-Barath Power Infra Limited - India
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Central Electricity Authority - India
- ICICI Bank Limited - India
- The University of Queensland
- Holcim Trading Pte Ltd - Singapore
- The Treasury - Australian Government
- Coastal Gujarat Power Limited - India
- Bulk Trading Sa - Switzerland
- Chamber of Mines of South Africa
- Energy Development Corp, Philippines
- Madhucon Powers Ltd - India
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Bukit Makmur.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Indonesian Coal Mining Association
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Merrill Lynch Commodities Europe
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- Ministry of Mines - Canada
- Makarim & Taira - Indonesia
- Wood Mackenzie - Singapore
- Rashtriya Ispat Nigam Limited - India
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- Sojitz Corporation - Japan
- ASAPP Information Group - India
- Sree Jayajothi Cements Limited - India
- Petrochimia International Co. Ltd.- Taiwan
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