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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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Tuesday, 06 September 11
INDONESIAS PROPOSED COAL EXPORT BAN MAY HAVE IMPACT ON THE INDIAN POWER SECTOR - DIPESH DIPU
COALspot.com - This is a special interview about Indonesian proposed coal export ban by 2014, with Mr. Dipesh Dipu, Director of Deloitte Touche Tohm ...
Tuesday, 06 September 11
SEMEN GRESIK TO ACQUIRE COAL MINE FOR RP. 1 TRILLION
COALspot.com - PT Semen Gresik Tbk (SMGR) is planning to acquire a low calorific value coal concession (IUP). According to Semen Gresik, the coal mi ...
Tuesday, 06 September 11
DRY BULK MARKETS RALLY POWERS THROUGH TO NEW WEEK, BUT A CORRECTION COULD BE OVERDUE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market’s freights rates kept leaping forwards during the beginning of the week, with the industry’s benchmark, the Baltic D ...
Monday, 05 September 11
TNPL POSTPONES BID OPENING UNTIL 12 SEPTEMBER 2011
COALspot.com - TNPL has postponed submission of the offer until 12 September 2011 on request from the supplier, an Indian trader said.
Due to Ram ...
Monday, 05 September 11
INDONESIAN COAL BENCHMARK PRICE - ANALYSIS
Analyst : Sunil K Kumbhat
COALspot.com - As a part of the Government’s efforts to stop transfer pricing abuses which have resulted in the los ...
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- Gujarat Sidhee Cement - India
- Timah Investasi Mineral - Indoneisa
- Parry Sugars Refinery, India
- Ceylon Electricity Board - Sri Lanka
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Australian Coal Association
- Jorong Barutama Greston.PT - Indonesia
- Formosa Plastics Group - Taiwan
- Videocon Industries ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- Bhushan Steel Limited - India
- Bangladesh Power Developement Board
- Attock Cement Pakistan Limited
- Aditya Birla Group - India
- Lanco Infratech Ltd - India
- GMR Energy Limited - India
- Thai Mozambique Logistica
- Parliament of New Zealand
- Mercuria Energy - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Mjunction Services Limited - India
- Kobexindo Tractors - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- Sakthi Sugars Limited - India
- Sree Jayajothi Cements Limited - India
- Directorate General of MIneral and Coal - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Aboitiz Power Corporation - Philippines
- Indian Oil Corporation Limited
- Altura Mining Limited, Indonesia
- Planning Commission, India
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Wilmar Investment Holdings
- SMG Consultants - Indonesia
- LBH Netherlands Bv - Netherlands
- Ministry of Finance - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Vizag Seaport Private Limited - India
- Petron Corporation, Philippines
- Interocean Group of Companies - India
- Tata Chemicals Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Uttam Galva Steels Limited - India
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- The University of Queensland
- IHS Mccloskey Coal Group - USA
- Karbindo Abesyapradhi - Indoneisa
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- Holcim Trading Pte Ltd - Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Deloitte Consulting - India
- PowerSource Philippines DevCo
- Antam Resourcindo - Indonesia
- Mercator Lines Limited - India
- TeaM Sual Corporation - Philippines
- Binh Thuan Hamico - Vietnam
- Savvy Resources Ltd - HongKong
- Global Green Power PLC Corporation, Philippines
- Africa Commodities Group - South Africa
- Indian Energy Exchange, India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Miang Besar Coal Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- Globalindo Alam Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Goldman Sachs - Singapore
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- MS Steel International - UAE
- Siam City Cement PLC, Thailand
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- Straits Asia Resources Limited - Singapore
- Riau Bara Harum - Indonesia
- VISA Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Kalimantan Lumbung Energi - Indonesia
- Sojitz Corporation - Japan
- Kepco SPC Power Corporation, Philippines
- Larsen & Toubro Limited - India
- San Jose City I Power Corp, Philippines
- Renaissance Capital - South Africa
- Central Java Power - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Port Waratah Coal Services - Australia
- Electricity Authority, New Zealand
- Dalmia Cement Bharat India
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Singapore Mercantile Exchange
- GN Power Mariveles Coal Plant, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vedanta Resources Plc - India
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- Ministry of Mines - Canada
- European Bulk Services B.V. - Netherlands
- Bahari Cakrawala Sebuku - Indonesia
- Central Electricity Authority - India
- Semirara Mining Corp, Philippines
- Orica Australia Pty. Ltd.
- Electricity Generating Authority of Thailand
- Bhoruka Overseas - Indonesia
- Karaikal Port Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Metalloyd Limited - United Kingdom
- Coal and Oil Company - UAE
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- Oldendorff Carriers - Singapore
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- Grasim Industreis Ltd - India
- Heidelberg Cement - Germany
- ASAPP Information Group - India
- Chamber of Mines of South Africa
- Siam City Cement - Thailand
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Intertek Mineral Services - Indonesia
- Global Business Power Corporation, Philippines
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Kideco Jaya Agung - Indonesia
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- McConnell Dowell - Australia
- Latin American Coal - Colombia
- Billiton Holdings Pty Ltd - Australia
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Sarangani Energy Corporation, Philippines
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- Rio Tinto Coal - Australia
- Krishnapatnam Port Company Ltd. - India
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Coalindo Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- Meenaskhi Energy Private Limited - India
- Meralco Power Generation, Philippines
- Ambuja Cements Ltd - India
- Tamil Nadu electricity Board
- PNOC Exploration Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- Cement Manufacturers Association - India
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- White Energy Company Limited
- Borneo Indobara - Indonesia
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- Indogreen Group - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Indo Tambangraya Megah - Indonesia
- Price Waterhouse Coopers - Russia
- Wood Mackenzie - Singapore
- International Coal Ventures Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Kumho Petrochemical, South Korea
- Iligan Light & Power Inc, Philippines
- New Zealand Coal & Carbon
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- SN Aboitiz Power Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bukit Makmur.PT - Indonesia
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