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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 granted a new coal mining business permit for exploration of 30,970 hectares at Mauraduwa in south Sumatra, Indonesia.
The company will employ various agencies for environmental impact, coal exploration analysis and necessary clearances. It expects approvals for production within the next four years, the company said in a filing to the BSE on Monday.
Madhucon already operates a coal mine of 10,000 hectares at Dawas in south Sumatra and is setting up logistics and other necessary infrastructure facilities. Coal production has just commenced and this mine is estimated to have reserves of 900 million tonnes.
The company is also in possession of another coal mine in Indonesia in east Kalimantan under a mining contract, it added.
Madhucon’s scrip closed Monday’s trade on the BSE, 2.94 per cent down, at Rs 148.65 over the previous close of Rs 153.15.
Source: Business-Standard
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Thursday, 04 March 10
THE INDIAN MARKET WAS STILL STRONG - FEARNRESEARCH
HANDY
Activity has gradually improved in the Atlantic throughout the week. All areas&n ...
Thursday, 04 March 10
GLOBAL COAL PRICES GETS SUPPORT FROM EM DEMAND
Commodity Online reported that, AP12 coal prices look well supported in 2010 thanks to positive outlook for Chinese coal demand whereas coal demand ...
Thursday, 04 March 10
THREE NEW GLOBAL PRICES INDEXES FOR COKING COAL
Commodity Online reported that, On February 26, Energy Publishing Co. broke new ground in the coal-marketing industry when it began publishing three ...
Tuesday, 02 March 10
INDIA WAS AGAIN THE WINNER IN THE EAST, WITH SUPRAMAXES FIXING CLOSE TO US$40,000/DAY FROM THE WEST COAST
There was little movement in the BDI this week but behind the scenes, the Supramax and Handy size segments posted significant gains, correcting the ...
Tuesday, 02 March 10
INDONESIA'S PROTECTED FORESTS NOW OPEN TO DEVELOPMENT
The Jakarta Globe reported that, President Susilo Bambang Yudhoyono has signed a decree to allow mining, power plants and other projects deemed stra ...
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- Cement Manufacturers Association - India
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- Australian Coal Association
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- Commonwealth Bank - Australia
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- Antam Resourcindo - Indonesia
- White Energy Company Limited
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- Simpson Spence & Young - Indonesia
- Price Waterhouse Coopers - Russia
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- Kumho Petrochemical, South Korea
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- Rashtriya Ispat Nigam Limited - India
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- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- Ministry of Finance - Indonesia
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