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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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Monday, 08 February 10
BLACK RIDGE MINING APPOINTS INDEPENDENT CONSULTANT
Australian-listed Black Ridge Mining has announced the appointment of David Tuit as an independent consultant to assist with the assessment of the c ...
Monday, 08 February 10
SOUTH AFRICAN EXPORT COAL RISES FOR FIRST TIME IN FOUR WEEKS
Prices for coal shipped from South Africa’s Richards Bay, the continent’s biggest export facility for the fuel, posted their first gain ...
Monday, 08 February 10
NTPC HOPES TO START ON 500-MW PROJECT IN SRI LANKA BY FEB-END
NTPC sources told Business Standard, “All formalities from our government and NTPC have been completed.
The opinion of the Sri Lankan atto ...
Sunday, 07 February 10
AN AUSTRALIAN FIRM HAS SIGNED A $60BN DEAL TO SUPPLY COAL TO CHINESE POWER STATIONS
Clive Palmer, chairman of the company, Resourcehouse, said it was Australia's "biggest ever export contract".
Under the deal, the firm ...
Saturday, 06 February 10
FREIGHT WOULD CONTINUE TO BE SOFT NEXT WEEK - VISTAAR SHIPPING
COALspot.com (Singapore): The freight market continued to soften this week including the stock markets. The main reason seems to be Chinese ne ...
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- London Commodity Brokers - England
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- Therma Luzon, Inc, Philippines
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- Toyota Tsusho Corporation, Japan
- Ind-Barath Power Infra Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Indian Oil Corporation Limited
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- Sree Jayajothi Cements Limited - India
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- CNBM International Corporation - China
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- Energy Development Corp, Philippines
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