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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 $1.7 billion in the current fiscal.
The company is now producing 430 million tonnes of coal, which is expected to reach 700 million tonnes over the next 10 years, Bhattacharyya said.
CIL has also secured exploration licences for two blocks in Mozambique and expects to start work there soon.
“We are expecting one billion tonnes reserves from these blocks,” he said.
Bhattacharyya also spoke about the company’s corporate social responsibilities. “As we are expanding our coal mining operations, its our responsibility to grow more trees than we have cut. We are passionately pursuing the afforestation programme.”
The company is adopting clean technology to reduce the impact of mining on the environment, he said.
Source: Business News - INAS
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Sunday, 07 March 10
SHIPS WERE FIXED AT AROUND US$ 16,000 PER DAY FOR TRIP VIA INDONESIA TO INDIA - CAPT. REDDY
COALspot.com: The freight market was quite buoyant this week and BDI was up by 18 pct . The Cape index up by 23.60 pct and Panamax index was up by 1 ...
Saturday, 06 March 10
ESSAR TO BUY US COAL FIRM FOR $550-600 MN
Business-Standard reported that, the Essar Group is close to buying Trinity Coal, one of the top 10 coal producers in the US, in a deal worth $550-6 ...
Friday, 05 March 10
KARNATAKA POWER SEEKS 900,000 TONS STEAMING COAL OVER 9 MONTHS
Bloomberg reported that, Karnataka Power Corp., an Indian electricity generator, is seeking to import 900,000 metric tons of steaming coal over nine ...
Friday, 05 March 10
COAL RALLY ON CHINESE DEMAND SPARKS $59 ESTIMATES
Bloomberg reportd that, A rally that has boosted coal prices 21 percent from their lows last year may have further to go as the coldest U.S. winter ...
Thursday, 04 March 10
BANPU KEEPS JORONG OUTPUT AT 2M TONNES
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, is maintaining an output target of 2 million tonnes this year from its Jorong mi ...
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- The Treasury - Australian Government
- ASAPP Information Group - India
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- GVK Power & Infra Limited - India
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- Indo Tambangraya Megah - Indonesia
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
- VISA Power Limited - India
- International Coal Ventures Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Karbindo Abesyapradhi - Indoneisa
- Sojitz Corporation - Japan
- Directorate General of MIneral and Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- Dalmia Cement Bharat India
- Malabar Cements Ltd - India
- CNBM International Corporation - China
- Bhatia International Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- Bangladesh Power Developement Board
- Therma Luzon, Inc, Philippines
- Wilmar Investment Holdings
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
- Leighton Contractors Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Deloitte Consulting - India
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- European Bulk Services B.V. - Netherlands
- Simpson Spence & Young - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Energy - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
- Goldman Sachs - Singapore
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- Miang Besar Coal Terminal - Indonesia
- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Binh Thuan Hamico - Vietnam
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Independent Power Producers Association of India
- Formosa Plastics Group - Taiwan
- Parliament of New Zealand
- Orica Australia Pty. Ltd.
- Kobexindo Tractors - Indoneisa
- Australian Coal Association
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- Barasentosa Lestari - Indonesia
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- White Energy Company Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate Of Revenue Intelligence - India
- Toyota Tsusho Corporation, Japan
- Orica Mining Services - Indonesia
- Minerals Council of Australia
- Mercuria Energy - Indonesia
- Ministry of Transport, Egypt
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- Ind-Barath Power Infra Limited - India
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Krishnapatnam Port Company Ltd. - India
- LBH Netherlands Bv - Netherlands
- CIMB Investment Bank - Malaysia
- Rashtriya Ispat Nigam Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Electricity Authority, New Zealand
- Riau Bara Harum - Indonesia
- TeaM Sual Corporation - Philippines
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- Antam Resourcindo - Indonesia
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Bhushan Steel Limited - India
- Bayan Resources Tbk. - Indonesia
- Sarangani Energy Corporation, Philippines
- Tamil Nadu electricity Board
- Maharashtra Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Jorong Barutama Greston.PT - Indonesia
- Petron Corporation, Philippines
- Sakthi Sugars Limited - India
- Kideco Jaya Agung - Indonesia
- Oldendorff Carriers - Singapore
- Straits Asia Resources Limited - Singapore
- PTC India Limited - India
- Uttam Galva Steels Limited - India
- McConnell Dowell - Australia
- Trasteel International SA, Italy
- SMC Global Power, Philippines
- Chettinad Cement Corporation Ltd - India
- Agrawal Coal Company - India
- Global Coal Blending Company Limited - Australia
- SMG Consultants - Indonesia
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- India Bulls Power Limited - India
- Videocon Industries ltd - India
- PowerSource Philippines DevCo
- Heidelberg Cement - Germany
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- Planning Commission, India
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- South Luzon Thermal Energy Corporation
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- Star Paper Mills Limited - India
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- Latin American Coal - Colombia
- Bharathi Cement Corporation - India
- Neyveli Lignite Corporation Ltd, - India
- Ambuja Cements Ltd - India
- Intertek Mineral Services - Indonesia
- Jaiprakash Power Ventures ltd
- London Commodity Brokers - England
- GAC Shipping (India) Pvt Ltd
- Romanian Commodities Exchange
- Pendopo Energi Batubara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Gujarat Sidhee Cement - India
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Meenaskhi Energy Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Essar Steel Hazira Ltd - India
- Thiess Contractors Indonesia
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- Grasim Industreis Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Jindal Steel & Power Ltd - India
- The University of Queensland
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- Sree Jayajothi Cements Limited - India
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Mintek Dendrill Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Marubeni Corporation - India
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Port Waratah Coal Services - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- ICICI Bank Limited - India
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- Thai Mozambique Logistica
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- Indonesian Coal Mining Association
- Posco Energy - South Korea
- Central Java Power - Indonesia
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