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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, 18 March 10
COAL PILING UP AT EAST COAST PORTS ON RAKE SHORTAGE
Business Line reported that, more than three million tonnes (mt) of imported coal are awaiting evacuation at the east coast ports of Paradip, Visakh ...
Tuesday, 16 March 10
INDONESIA ROUND VOYAGES WERE GETTING BETWEEN HIGH TEENS - BRS
Another strong week for the bulk market and rates in all segments are now back above pre-Chinese New Year levels. Atlantic volumes remain robust, an ...
Tuesday, 16 March 10
MADHUCON GETS MINING LICENSE IN INDONESIA
Business-Standard reported that, PT Madhucon Indonesia, a subsidiary of the Hyderabad-based infrastructure company Madhucon Projects Ltd, has been g ...
Monday, 15 March 10
BOB KAMANDANU ON INDONESIAS PEAK COAL PRODUCTION, ENERGY SECURITY AND EXPORTS TO INDIA
Bob Kamandanu, the chairman of Indonesian Coal Producers Association (APBI), said the country has an estimated 50 to 70 years of coal reserves.
T ...
Monday, 15 March 10
CIL BOARD CLEARS 10 PROPOSALS FOR STRATEGIC PARTNERSHIP OR JVS
Economic Times reported that, Towards achieving a global footprint, state-owned Coal India (CIL) is eyeing strategic partnership or joint ventures w ...
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- Orica Australia Pty. Ltd.
- ICICI Bank Limited - India
- Thai Mozambique Logistica
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Jindal Steel & Power Ltd - India
- PowerSource Philippines DevCo
- Holcim Trading Pte Ltd - Singapore
- Ministry of Transport, Egypt
- Kideco Jaya Agung - Indonesia
- TeaM Sual Corporation - Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Antam Resourcindo - Indonesia
- Bayan Resources Tbk. - Indonesia
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Sical Logistics Limited - India
- Bharathi Cement Corporation - India
- Interocean Group of Companies - India
- Siam City Cement - Thailand
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- Global Business Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- IEA Clean Coal Centre - UK
- Sindya Power Generating Company Private Ltd
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- Eastern Coal Council - USA
- Gujarat Sidhee Cement - India
- Salva Resources Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Deloitte Consulting - India
- Baramulti Group, Indonesia
- Tata Chemicals Ltd - India
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- Sarangani Energy Corporation, Philippines
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- Ambuja Cements Ltd - India
- Thiess Contractors Indonesia
- MS Steel International - UAE
- Price Waterhouse Coopers - Russia
- Singapore Mercantile Exchange
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- Electricity Generating Authority of Thailand
- McConnell Dowell - Australia
- PNOC Exploration Corporation - Philippines
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Star Paper Mills Limited - India
- Anglo American - United Kingdom
- London Commodity Brokers - England
- Indo Tambangraya Megah - Indonesia
- Kumho Petrochemical, South Korea
- GAC Shipping (India) Pvt Ltd
- Metalloyd Limited - United Kingdom
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- ASAPP Information Group - India
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- The University of Queensland
- Kaltim Prima Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- PTC India Limited - India
- Therma Luzon, Inc, Philippines
- Indika Energy - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Agrawal Coal Company - India
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- Posco Energy - South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bhatia International Limited - India
- Indian Energy Exchange, India
- Krishnapatnam Port Company Ltd. - India
- New Zealand Coal & Carbon
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Banpu Public Company Limited - Thailand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Wood Mackenzie - Singapore
- Globalindo Alam Lestari - Indonesia
- Bukit Baiduri Energy - Indonesia
- Vedanta Resources Plc - India
- Goldman Sachs - Singapore
- Chettinad Cement Corporation Ltd - India
- Electricity Authority, New Zealand
- Indonesian Coal Mining Association
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Parliament of New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Orica Mining Services - Indonesia
- Aboitiz Power Corporation - Philippines
- Standard Chartered Bank - UAE
- Mjunction Services Limited - India
- Manunggal Multi Energi - Indonesia
- Parry Sugars Refinery, India
- Riau Bara Harum - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kobexindo Tractors - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Independent Power Producers Association of India
- Oldendorff Carriers - Singapore
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Rashtriya Ispat Nigam Limited - India
- Intertek Mineral Services - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Ceylon Electricity Board - Sri Lanka
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- GVK Power & Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- Xindia Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Renaissance Capital - South Africa
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Merrill Lynch Commodities Europe
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Coalindo Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Malabar Cements Ltd - India
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Miang Besar Coal Terminal - Indonesia
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Gujarat Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Borneo Indobara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
- Formosa Plastics Group - Taiwan
- GN Power Mariveles Coal Plant, Philippines
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Wilmar Investment Holdings
- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- Vizag Seaport Private Limited - India
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- Barasentosa Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bulk Trading Sa - Switzerland
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Cement Manufacturers Association - India
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Carbofer General Trading SA - India
- Petrochimia International Co. Ltd.- Taiwan
- Karaikal Port Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Mercuria Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Sakthi Sugars Limited - India
- Toyota Tsusho Corporation, Japan
- The Treasury - Australian Government
- Edison Trading Spa - Italy
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Mercator Lines Limited - India
- Iligan Light & Power Inc, Philippines
- Minerals Council of Australia
- Jorong Barutama Greston.PT - Indonesia
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- VISA Power Limited - India
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- Kohat Cement Company Ltd. - Pakistan
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