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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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- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Central Electricity Authority - India
- Indika Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- Bukit Asam (Persero) Tbk - Indonesia
- ICICI Bank Limited - India
- VISA Power Limited - India
- Antam Resourcindo - Indonesia
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- Borneo Indobara - Indonesia
- Agrawal Coal Company - India
- Price Waterhouse Coopers - Russia
- Gujarat Electricity Regulatory Commission - India
- Trasteel International SA, Italy
- Africa Commodities Group - South Africa
- Global Business Power Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Energy Development Corp, Philippines
- Intertek Mineral Services - Indonesia
- Grasim Industreis Ltd - India
- Edison Trading Spa - Italy
- Barasentosa Lestari - Indonesia
- Videocon Industries ltd - India
- Aditya Birla Group - India
- Siam City Cement - Thailand
- Mercator Lines Limited - India
- Eastern Coal Council - USA
- Gujarat Sidhee Cement - India
- Chamber of Mines of South Africa
- Malabar Cements Ltd - India
- Port Waratah Coal Services - Australia
- Star Paper Mills Limited - India
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- Kartika Selabumi Mining - Indonesia
- Bhatia International Limited - India
- The University of Queensland
- Renaissance Capital - South Africa
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- Iligan Light & Power Inc, Philippines
- Economic Council, Georgia
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- PNOC Exploration Corporation - Philippines
- Minerals Council of Australia
- Sree Jayajothi Cements Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Kumho Petrochemical, South Korea
- Parliament of New Zealand
- Pendopo Energi Batubara - Indonesia
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
- Georgia Ports Authority, United States
- Neyveli Lignite Corporation Ltd, - India
- Bharathi Cement Corporation - India
- Tamil Nadu electricity Board
- Asmin Koalindo Tuhup - Indonesia
- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- Samtan Co., Ltd - South Korea
- TeaM Sual Corporation - Philippines
- Posco Energy - South Korea
- Mercuria Energy - Indonesia
- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- India Bulls Power Limited - India
- Aboitiz Power Corporation - Philippines
- Bangladesh Power Developement Board
- Lanco Infratech Ltd - India
- Manunggal Multi Energi - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Ministry of Finance - Indonesia
- Toyota Tsusho Corporation, Japan
- Semirara Mining Corp, Philippines
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- Coal and Oil Company - UAE
- White Energy Company Limited
- Energy Link Ltd, New Zealand
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining and Power Corporation, Philippines
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- Bahari Cakrawala Sebuku - Indonesia
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- Uttam Galva Steels Limited - India
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhushan Steel Limited - India
- Wood Mackenzie - Singapore
- Binh Thuan Hamico - Vietnam
- Bukit Baiduri Energy - Indonesia
- Merrill Lynch Commodities Europe
- Coastal Gujarat Power Limited - India
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Kobexindo Tractors - Indoneisa
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- Australian Commodity Traders Exchange
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- Kideco Jaya Agung - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Rio Tinto Coal - Australia
- Indogreen Group - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Coal Association
- Indian Energy Exchange, India
- London Commodity Brokers - England
- Power Finance Corporation Ltd., India
- Bayan Resources Tbk. - Indonesia
- Billiton Holdings Pty Ltd - Australia
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- Sindya Power Generating Company Private Ltd
- Indo Tambangraya Megah - Indonesia
- Central Java Power - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- Pipit Mutiara Jaya. PT, Indonesia
- OPG Power Generation Pvt Ltd - India
- GAC Shipping (India) Pvt Ltd
- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Essar Steel Hazira Ltd - India
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Banpu Public Company Limited - Thailand
- Eastern Energy - Thailand
- Therma Luzon, Inc, Philippines
- Electricity Authority, New Zealand
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- European Bulk Services B.V. - Netherlands
- Kalimantan Lumbung Energi - Indonesia
- GMR Energy Limited - India
- Ministry of Mines - Canada
- MS Steel International - UAE
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- Cigading International Bulk Terminal - Indonesia
- The State Trading Corporation of India Ltd
- Salva Resources Pvt Ltd - India
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Cement Manufacturers Association - India
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Independent Power Producers Association of India
- Alfred C Toepfer International GmbH - Germany
- McConnell Dowell - Australia
- Leighton Contractors Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- Indian Oil Corporation Limited
- Straits Asia Resources Limited - Singapore
- SMG Consultants - Indonesia
- Commonwealth Bank - Australia
- Kepco SPC Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- LBH Netherlands Bv - Netherlands
- Romanian Commodities Exchange
- Tata Chemicals Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- CIMB Investment Bank - Malaysia
- Global Green Power PLC Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Thiess Contractors Indonesia
- Vedanta Resources Plc - India
- Jindal Steel & Power Ltd - India
- Madhucon Powers Ltd - India
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