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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, 22 August 11
NTPC TO IMPORT 16 MILLION TON OF COAL TO BRIDGE THE GAP
COALspot.com - NTPC to import 16 million tons of imported coal, which is equivalent to 23-24 million tons of Indian coal to bridge the gap.
" ...
Monday, 22 August 11
MACRO ECONOMICS - PETER SAND BIMCO / HELLENIC SHIPPING
The US is jeopardising the global recovery as job creation remains top challenge across the board.
Global economy: While growth in most emerging ...
Sunday, 21 August 11
SUPRAMAX AVAILABILITY WAS TIGHT DUE TO UPCOMING RAMADAN HOLIDAYS
COALspot.com - The financial markets have been in turmoil with all major stock exchanges down and uncertainty prevails. However the shipping market ...
Sunday, 21 August 11
TUAH TURANGGA ACQUIRES DUTA NURCAHYA
Coal miner PT Tuah Turangga Agung, a wholly owned subsidiary of PT United Tractors Tbk (UNTR) via PT Pamapersada Nusantara), has agreed to acquire 6 ...
Friday, 19 August 11
INDIAS CICTL HAS ACHIEVED ONE MILLION TONS OF DISCHARGE
COALspot.com - Chettinad International Coal Terminal (CICTL) in Ennore port, a state of the art mechanized coal terminal, which was inaugurated on 28t ...
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- Ceylon Electricity Board - Sri Lanka
- Kohat Cement Company Ltd. - Pakistan
- Indian Oil Corporation Limited
- Neyveli Lignite Corporation Ltd, - India
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Sarangani Energy Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- Metalloyd Limited - United Kingdom
- Bhoruka Overseas - Indonesia
- Mintek Dendrill Indonesia
- Barasentosa Lestari - Indonesia
- Indian Energy Exchange, India
- Borneo Indobara - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Electricity Generating Authority of Thailand
- AsiaOL BioFuels Corp., Philippines
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Indonesian Coal Mining Association
- Energy Development Corp, Philippines
- Coastal Gujarat Power Limited - India
- Karaikal Port Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Siam City Cement PLC, Thailand
- Chettinad Cement Corporation Ltd - India
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- Power Finance Corporation Ltd., India
- The Treasury - Australian Government
- Directorate General of MIneral and Coal - Indonesia
- Minerals Council of Australia
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parliament of New Zealand
- Gujarat Mineral Development Corp Ltd - India
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- Ministry of Mines - Canada
- Pipit Mutiara Jaya. PT, Indonesia
- Indogreen Group - Indonesia
- Petron Corporation, Philippines
- Ambuja Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- Orica Australia Pty. Ltd.
- Port Waratah Coal Services - Australia
- Semirara Mining and Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- Georgia Ports Authority, United States
- San Jose City I Power Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- Gujarat Electricity Regulatory Commission - India
- Meralco Power Generation, Philippines
- Sojitz Corporation - Japan
- PTC India Limited - India
- TeaM Sual Corporation - Philippines
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Electricity Authority, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Bayan Resources Tbk. - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Directorate Of Revenue Intelligence - India
- Indo Tambangraya Megah - Indonesia
- Australian Coal Association
- Latin American Coal - Colombia
- LBH Netherlands Bv - Netherlands
- Global Business Power Corporation, Philippines
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- Leighton Contractors Pty Ltd - Australia
- White Energy Company Limited
- Kalimantan Lumbung Energi - Indonesia
- Cement Manufacturers Association - India
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Heidelberg Cement - Germany
- Chamber of Mines of South Africa
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Siam City Cement - Thailand
- Kaltim Prima Coal - Indonesia
- Economic Council, Georgia
- MS Steel International - UAE
- CNBM International Corporation - China
- Mercator Lines Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Makarim & Taira - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- Simpson Spence & Young - Indonesia
- ASAPP Information Group - India
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Merrill Lynch Commodities Europe
- SMG Consultants - Indonesia
- Therma Luzon, Inc, Philippines
- Mercuria Energy - Indonesia
- Edison Trading Spa - Italy
- Vijayanagar Sugar Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- The University of Queensland
- Central Java Power - Indonesia
- Globalindo Alam Lestari - Indonesia
- Sakthi Sugars Limited - India
- Tamil Nadu electricity Board
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Commonwealth Bank - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- PNOC Exploration Corporation - Philippines
- Deloitte Consulting - India
- Planning Commission, India
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- Banpu Public Company Limited - Thailand
- Alfred C Toepfer International GmbH - Germany
- Wood Mackenzie - Singapore
- VISA Power Limited - India
- Ind-Barath Power Infra Limited - India
- Bukit Makmur.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Antam Resourcindo - Indonesia
- Independent Power Producers Association of India
- European Bulk Services B.V. - Netherlands
- ICICI Bank Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- Central Electricity Authority - India
- Samtan Co., Ltd - South Korea
- Cigading International Bulk Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- Thiess Contractors Indonesia
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Madhucon Powers Ltd - India
- IEA Clean Coal Centre - UK
- Toyota Tsusho Corporation, Japan
- Rashtriya Ispat Nigam Limited - India
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- Bulk Trading Sa - Switzerland
- Videocon Industries ltd - India
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- Thai Mozambique Logistica
- London Commodity Brokers - England
- Riau Bara Harum - Indonesia
- South Luzon Thermal Energy Corporation
- Pendopo Energi Batubara - Indonesia
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- Malabar Cements Ltd - India
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- Baramulti Group, Indonesia
- Jaiprakash Power Ventures ltd
- Sindya Power Generating Company Private Ltd
- Eastern Energy - Thailand
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Bhushan Steel Limited - India
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
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