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Wednesday, 18 August 10
MADHUCON TO START MINING AT SUMATRA BLOCK IN 2-3 MONTHS
DNA India reported that, Hyderabad-based Madhucon Projects is set to begin mining at one of its coal blocks in Indonesia in 2-3 months, said S Vaikunthanathan, director of finance. The mine, located in south Sumatra, has reserves of 900 million tonne and is spread over 8,650 hectare.
“We have got all the legal clearances and have just begun construction of the jetty,” Vaikunthanathan said.
Though the company has so far acquired only 650-700 hectare, it will begin mining by November. “We will produce 4-5 lakh tonne this year and 1-1.5 million tonne next year,” he said. Madhucon has so far spent about Rs125 crore on the mine and will spend a total of Rs100-150 crore this fiscal.
The company bagged the greenfield block in 2008 for a concession period of 30 years and will pay 11.5% of revenues as royalty to the Indonesian government.
Madhucon has one other coal mine in Indonesia for which it is awaiting legal clearances.
“We will use some coal from the Sumatra block for our power project,” Vaikunthanathan said. The first phase of Madhucon’s 1,920mw project at Tamminapatnam in Andhra Pradesh will be commissioned in March.
“We have not yet estimated the reserves at the Jakarta mine and will begin mining there in three years,” he added. Madhucon had signed the memorandum of understanding (MoU) for the project last year.
Madhucon Projects had earlier this year transferred the two mines, the power project and its four toll roads to its subsidiary Madhucon Infra, which will be listed next year.
Of its four road projects, two are operational.
Source: DNA India
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Monday, 10 October 11
MOZAMBIQUE CHANNEL TO BE THE NEW PIRACY HOTSPOT FOR THIS YEAR SAYS MARITIME SECURITY EXPERT - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The Mozambique Channel, as well as the entrance to the Persian Gulf, are expected to become some of the new pirate hotspots for piracy, says Richard ...
Sunday, 09 October 11
FREIGHT MARKET ENDED WITH A POSITIVE DIRECTION - VISTAAR
COALspot.com - The market ended with a positive note with all the segments up except for handy size. The biggest gainer was Panamax index up by 11 p ...
Saturday, 08 October 11
INDONESIAN MINER PLANS $167M IPO TO FUEL SUMATRA COAL BOOM - JG
The Jakarta Globe reported that, coal miner Atlas Resources aims to raise as much as Rp 1.5 trillion ($167 million) in an initial public offering to ...
Friday, 07 October 11
MINING REGULATIONS , OBSTACLES AND GROWTH : INDIA VS INDONESIA - SUNIL K KUMBHAT
COALspot.com - The Govt of India has passed long pending Mines & Minerals (Regulation and Development) Bill, 2011, which seeks to replace ...
Friday, 07 October 11
$100M FOR EXPANSION INTO KALIMANTAN MINING: AKR
The Jakarta Globe, one of the leading English news paper in Indonesia reported that, AKR Corporindo, a fuel and chemical distributor, has set aside ...
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- Interocean Group of Companies - India
- Asmin Koalindo Tuhup - Indonesia
- Sical Logistics Limited - India
- Marubeni Corporation - India
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- Jorong Barutama Greston.PT - Indonesia
- Sojitz Corporation - Japan
- New Zealand Coal & Carbon
- Ind-Barath Power Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Carbofer General Trading SA - India
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Bhatia International Limited - India
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- The University of Queensland
- Australian Commodity Traders Exchange
- SMG Consultants - Indonesia
- Medco Energi Mining Internasional
- Maheswari Brothers Coal Limited - India
- Vedanta Resources Plc - India
- Wilmar Investment Holdings
- Iligan Light & Power Inc, Philippines
- Bharathi Cement Corporation - India
- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Bangladesh Power Developement Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Rio Tinto Coal - Australia
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Thiess Contractors Indonesia
- Timah Investasi Mineral - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- CNBM International Corporation - China
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Toyota Tsusho Corporation, Japan
- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- PowerSource Philippines DevCo
- PNOC Exploration Corporation - Philippines
- Ministry of Finance - Indonesia
- Central Java Power - Indonesia
- Star Paper Mills Limited - India
- Africa Commodities Group - South Africa
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Coalindo Energy - Indonesia
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- SN Aboitiz Power Inc, Philippines
- Billiton Holdings Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- Videocon Industries ltd - India
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- Energy Link Ltd, New Zealand
- Independent Power Producers Association of India
- Petrochimia International Co. Ltd.- Taiwan
- Therma Luzon, Inc, Philippines
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Kartika Selabumi Mining - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Heidelberg Cement - Germany
- VISA Power Limited - India
- SMC Global Power, Philippines
- Bulk Trading Sa - Switzerland
- Kepco SPC Power Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kaltim Prima Coal - Indonesia
- Global Green Power PLC Corporation, Philippines
- Baramulti Group, Indonesia
- Parry Sugars Refinery, India
- Directorate General of MIneral and Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- Chamber of Mines of South Africa
- Malabar Cements Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement PLC, Thailand
- Gujarat Sidhee Cement - India
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
- Anglo American - United Kingdom
- Mercuria Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- White Energy Company Limited
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Formosa Plastics Group - Taiwan
- Salva Resources Pvt Ltd - India
- Deloitte Consulting - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Banpu Public Company Limited - Thailand
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- Tata Chemicals Ltd - India
- Mjunction Services Limited - India
- Altura Mining Limited, Indonesia
- Siam City Cement - Thailand
- Global Business Power Corporation, Philippines
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- Sree Jayajothi Cements Limited - India
- PTC India Limited - India
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
- Grasim Industreis Ltd - India
- Bukit Makmur.PT - Indonesia
- Wood Mackenzie - Singapore
- Indonesian Coal Mining Association
- Standard Chartered Bank - UAE
- Antam Resourcindo - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Eastern Energy - Thailand
- Georgia Ports Authority, United States
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- OPG Power Generation Pvt Ltd - India
- GMR Energy Limited - India
- Bukit Baiduri Energy - Indonesia
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- Trasteel International SA, Italy
- Indian Energy Exchange, India
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Makarim & Taira - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- Uttam Galva Steels Limited - India
- Riau Bara Harum - Indonesia
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- Cement Manufacturers Association - India
- Economic Council, Georgia
- Larsen & Toubro Limited - India
- Kobexindo Tractors - Indoneisa
- Parliament of New Zealand
- Attock Cement Pakistan Limited
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- Goldman Sachs - Singapore
- Indogreen Group - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- Ministry of Transport, Egypt
- IHS Mccloskey Coal Group - USA
- CIMB Investment Bank - Malaysia
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Coal and Oil Company - UAE
- South Luzon Thermal Energy Corporation
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- Bhushan Steel Limited - India
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- Aditya Birla Group - India
- Petron Corporation, Philippines
- Mercator Lines Limited - India
- ICICI Bank Limited - India
- Intertek Mineral Services - Indonesia
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