October 9, 2010 (Coal Geology): Dharmesh Mehta, MD, Institutional Equities, Enam Securities, one of the lead mangers to the issue, says response to Coal India road show is overwhelming. M-^SIt’s a game changer for sure for India.
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September 21, 2010, CNBC TV18′s Managing Editor Udayan Mukherjee says Eros International and Microsec will be heavily subscribed. According to him, both the companies will see listing gains. He expects Eros International to see 25% listing gains.
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peabody-energy
ST. LOUIS, April 12 (Coal Geology) — Peabody Energy and Coal India jointly released the following statement today. Coal India and Peabody are in a broad range of preliminary discussions to explore long-term coal supplies and other possible cooperative ventures. These are at very early stages and there have been no final agreements or decisions made regarding timing or structure. Peabody recognizes growing long-term coal demand in India, which may be the world’s fastest-growing coal importer. These discussions are also unrelated to other potential transactions that Peabody has recently been engaged in.
Forward Looking Statement:
Certain statements in this press release are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on numerous assumptions that the company believes are reasonable, but they are open to a wide range of uncertainties and business risks that may cause actual results to differ materially from expectations. These factors are difficult to accurately predict and may be beyond the company’s control. The company does not undertake to update its forward-looking statements. Factors that could affect results include those described in this press release as well as risks detailed in the company’s reports filed with the Securities and Exchange Commission.
CONTACT:
Beth Sutton
+1 928-699-8243
Source: Peabody Energy
CONTACT: Beth Sutton of Peabody Energy, +1-928-699-8243
Web Site: http://www.peabodyenergy.com/
Kolkata, (Coal Geology) India’s largest coal miner, Coal India, plans to set up 20 new modern washeries with a total capacity of 111 million tonnes over the next four-five years in partnership with private agencies.
The washeries will be made on build-operate-maintain basis where the selected agencies will design, construct, operate and maintain them, Coal India director (technical) N.C. Jha said.
‘Coal India will make the investment and provide all logistical support like land, water and electricity,’ he said.
The miner’s total investment will be Rs.3,200 crore.
‘The agencies are being selected through corporate bidding. Tender has been floated for seven washeries. Two of the deals are in the conclusion stage. Five others are in different stages of evaluation,’ said Jha.
The tendering process is on in seven other washeries, while for six other, the land identification process is on.
‘Our target is to complete work on all the washeries over the next four-five years,’ he said.
Two of the washeries will be set up under the Eastern Caolifields limited, six under the Ranchi Central Coalfields Limited, two under South Eastern Coalfields Limited, five under Central Coalfields Limited, four under Mahanadi Coalfields Limited and another under Western Coalfields Limited.
Coal India now has 19 washeries, but these function on old technological models.
The new washeries will increase the availability of coal having high utilisable heat value which can be used by steel and cement manufacturers who now go mostly for imports because the heat content is low in the coal supplied by Coal India.
