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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, 20 March 10
NO MAJOR CHANGES ON SUPRAMAX MARKET FOR NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com: “The dry bulk freight market continued to be firm on the Panamax and Supramax and Handy size vessels”, said Capt. Reddy MD ...
Thursday, 18 March 10
COAL IMPORTS SOAR IN NANTONG PORT OF JIANGSU PROVINCE CHINA
BloombergUTV reported that, Coal imports at Nantong Port, located in coastal China's Jiangsu Province, soared 13 times to 581,000 tonnes in the fir ...
Thursday, 18 March 10
INNER MONGOLIA TO CAP COAL OUTPUT AT 700 MLN TONS IN 2010
Alibaba / China Knowledge reported that, Inner Mongolia, China's northern border autonomous region, plans to control coal output at 700 million ton ...
Thursday, 18 March 10
THE INDIAN MARKET WAS QUIET, BUT BECAUSE OF THE TIGHT TONNAGE SITUATION STILL FIRM - FEARNLEYS AS
Handy
Activity continues to be solid in the Atlantic.
Supramax physical market is strong which pushed the BSI to a 17 month high at ...
Thursday, 18 March 10
INDONESIAN COAL PRODUCTION EXPECTED TO BEAT EARLIER FORECAST
The Jakarta Globe reported that, the government expects coal output this year to exceed its initial projection of 250 million metric tons as the dri ...
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- Electricity Generating Authority of Thailand
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- PowerSource Philippines DevCo
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bharathi Cement Corporation - India
- Manunggal Multi Energi - Indonesia
- Bukit Makmur.PT - Indonesia
- Bhoruka Overseas - Indonesia
- The State Trading Corporation of India Ltd
- Billiton Holdings Pty Ltd - Australia
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Bangladesh Power Developement Board
- Salva Resources Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Kalimantan Lumbung Energi - Indonesia
- San Jose City I Power Corp, Philippines
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- CIMB Investment Bank - Malaysia
- GVK Power & Infra Limited - India
- Gujarat Electricity Regulatory Commission - India
- Eastern Coal Council - USA
- White Energy Company Limited
- CNBM International Corporation - China
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- Chamber of Mines of South Africa
- McConnell Dowell - Australia
- Global Green Power PLC Corporation, Philippines
- Goldman Sachs - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
- Port Waratah Coal Services - Australia
- Heidelberg Cement - Germany
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- Riau Bara Harum - Indonesia
- Agrawal Coal Company - India
- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- Maharashtra Electricity Regulatory Commission - India
- Videocon Industries ltd - India
- PTC India Limited - India
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Anglo American - United Kingdom
- Aditya Birla Group - India
- Vizag Seaport Private Limited - India
- Marubeni Corporation - India
- Indian Oil Corporation Limited
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- Vedanta Resources Plc - India
- Semirara Mining and Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Commonwealth Bank - Australia
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- MS Steel International - UAE
- Sakthi Sugars Limited - India
- Timah Investasi Mineral - Indoneisa
- Price Waterhouse Coopers - Russia
- Jorong Barutama Greston.PT - Indonesia
- Petron Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Dalmia Cement Bharat India
- Baramulti Group, Indonesia
- Madhucon Powers Ltd - India
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
- Trasteel International SA, Italy
- Central Java Power - Indonesia
- Gujarat Sidhee Cement - India
- Eastern Energy - Thailand
- Africa Commodities Group - South Africa
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
- Bhatia International Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Transport, Egypt
- Planning Commission, India
- Barasentosa Lestari - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- Energy Link Ltd, New Zealand
- Grasim Industreis Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Banpu Public Company Limited - Thailand
- Straits Asia Resources Limited - Singapore
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Indika Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- Mintek Dendrill Indonesia
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Karbindo Abesyapradhi - Indoneisa
- Larsen & Toubro Limited - India
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- South Luzon Thermal Energy Corporation
- Iligan Light & Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Parry Sugars Refinery, India
- GN Power Mariveles Coal Plant, Philippines
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- Ministry of Finance - Indonesia
- The University of Queensland
- Sinarmas Energy and Mining - Indonesia
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- Sical Logistics Limited - India
- Romanian Commodities Exchange
- European Bulk Services B.V. - Netherlands
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- Directorate General of MIneral and Coal - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Mercator Lines Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Posco Energy - South Korea
- Bayan Resources Tbk. - Indonesia
- Pendopo Energi Batubara - Indonesia
- London Commodity Brokers - England
- SMC Global Power, Philippines
- Standard Chartered Bank - UAE
- Borneo Indobara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Ceylon Electricity Board - Sri Lanka
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- New Zealand Coal & Carbon
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Meralco Power Generation, Philippines
- Uttam Galva Steels Limited - India
- Savvy Resources Ltd - HongKong
- Therma Luzon, Inc, Philippines
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- Ambuja Cements Ltd - India
- Makarim & Taira - Indonesia
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Singapore Mercantile Exchange
- Sree Jayajothi Cements Limited - India
- Central Electricity Authority - India
- Medco Energi Mining Internasional
- Meenaskhi Energy Private Limited - India
- The Treasury - Australian Government
- Neyveli Lignite Corporation Ltd, - India
- Latin American Coal - Colombia
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- SMG Consultants - Indonesia
- Kaltim Prima Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Orica Mining Services - Indonesia
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Parliament of New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
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