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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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Saturday, 27 March 10
CHINA TO REMAIN NET COAL IMPORTER IN NEAR FUTURE - STEEL GURU
Xinhua News cited Mr Wu Chenghou a councilor with the China Coal Transportation and Marketing Association as saying that China will remain a net coa ...
Friday, 26 March 10
CHINA PLANS TO INCREASES IMPORT COAL GREATLY IN 2010
– Asia Pacific Coal Trading & Investment Outlook 2010-
COALspot.com (Press Release): China plans to increase coal import significantly ...
Friday, 26 March 10
NTPC IN TALKS FOR INDONESIAN MINE - LIVE MINT
The deal for the coal mine with 1.8 bn tonnes of reserves may be valued at $1 bn
Live Mint reported that, State-run power utility NTPC Ltd is in ta ...
Friday, 26 March 10
ESSAR GROUP SIGNS DEAL FOR INDONESIAN COAL MINE - BUSINESS LINE
Looking ahead
The coal from the Indonesian mine would provide raw material to the group's power projects
The Aries coal mines acquired by the gro ...
Thursday, 25 March 10
CHINA RAILWAY WINS $4.8 BILLION INDONESIA PROJECT - BLOOMBERG
Bloomberg reported that, China Railway Group Ltd. won a $4.8 billion order from PT Bukit Asam, Indonesia’s state-owned coal producer, for a co ...
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- Holcim Trading Pte Ltd - Singapore
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- IHS Mccloskey Coal Group - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Madhucon Powers Ltd - India
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- Bukit Makmur.PT - Indonesia
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- Coal and Oil Company - UAE
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- London Commodity Brokers - England
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- Sarangani Energy Corporation, Philippines
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- Alfred C Toepfer International GmbH - Germany
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Kohat Cement Company Ltd. - Pakistan
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- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement - Thailand
- Semirara Mining Corp, Philippines
- Anglo American - United Kingdom
- Ministry of Finance - Indonesia
- Agrawal Coal Company - India
- Indian Energy Exchange, India
- Metalloyd Limited - United Kingdom
- The State Trading Corporation of India Ltd
- AsiaOL BioFuels Corp., Philippines
- The University of Queensland
- Manunggal Multi Energi - Indonesia
- Mercator Lines Limited - India
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- Renaissance Capital - South Africa
- New Zealand Coal & Carbon
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- SMC Global Power, Philippines
- Borneo Indobara - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
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- Grasim Industreis Ltd - India
- Sindya Power Generating Company Private Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Straits Asia Resources Limited - Singapore
- Makarim & Taira - Indonesia
- Parliament of New Zealand
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- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Posco Energy - South Korea
- Eastern Coal Council - USA
- European Bulk Services B.V. - Netherlands
- Wood Mackenzie - Singapore
- Edison Trading Spa - Italy
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- Global Green Power PLC Corporation, Philippines
- Altura Mining Limited, Indonesia
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- McConnell Dowell - Australia
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
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- Central Electricity Authority - India
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- Essar Steel Hazira Ltd - India
- Eastern Energy - Thailand
- Romanian Commodities Exchange
- Aboitiz Power Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
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- Australian Coal Association
- Salva Resources Pvt Ltd - India
- Trasteel International SA, Italy
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
- ICICI Bank Limited - India
- Formosa Plastics Group - Taiwan
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- Jindal Steel & Power Ltd - India
- Latin American Coal - Colombia
- Electricity Authority, New Zealand
- VISA Power Limited - India
- Tamil Nadu electricity Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Petrochimia International Co. Ltd.- Taiwan
- Economic Council, Georgia
- Malabar Cements Ltd - India
- White Energy Company Limited
- PTC India Limited - India
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Kartika Selabumi Mining - Indonesia
- Singapore Mercantile Exchange
- Bahari Cakrawala Sebuku - Indonesia
- Toyota Tsusho Corporation, Japan
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- Aditya Birla Group - India
- Kideco Jaya Agung - Indonesia
- Tata Chemicals Ltd - India
- Ambuja Cements Ltd - India
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Goldman Sachs - Singapore
- Bulk Trading Sa - Switzerland
- Independent Power Producers Association of India
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- India Bulls Power Limited - India
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- IEA Clean Coal Centre - UK
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- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- Wilmar Investment Holdings
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- CNBM International Corporation - China
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- Indonesian Coal Mining Association
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- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Energy Link Ltd, New Zealand
- Binh Thuan Hamico - Vietnam
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Asmin Koalindo Tuhup - Indonesia
- Maheswari Brothers Coal Limited - India
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- Siam City Cement PLC, Thailand
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- Heidelberg Cement - Germany
- Bharathi Cement Corporation - India
- Sree Jayajothi Cements Limited - India
- MS Steel International - UAE
- The Treasury - Australian Government
- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
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