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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, 15 August 11
INDIAS MALABAR CEMENTS SEEK TO IMPORT 40,000 TONS OF COAL
COALspot.com - Malabar Cements Ltd., India's Keralaa government owned cement factory is seeking to import 40K metric tons of non-coking coal throug ...
Sunday, 14 August 11
SUPRAMAX CHARTER RATES SHARPLY UP - CAPT.REDDY
COALspot.com - The BDI ended positive with gains in Cape and Panamax index. The BDI was up by 1.50 pct and the cape and panamax index was up by almo ...
Saturday, 13 August 11
GMR HAS ENTERED INTO CSPA WITH GEMS TO ACQUIRE 30% STAKE
COALspot.com - GMR Infrastructure Investments (Singapore) Pte Ltd, a subsidiary of GMR Infrastructure, has signed conditional sale and purchase agre ...
Friday, 12 August 11
COAL MINERS WILL ALLOW TO CONSTRUCT MINE MOUTH POWER PLANT
COALspot.com - The government is set to draft a regulation to enable construction of steam-fired power plants (PLTU) by coal mining companies for th ...
Friday, 12 August 11
CAPESIZE DEMAND HELPS LIFTING OF DRY BULK MARKET - HELLENIC SHIPPING NEWS
The dry bulk market has recovered a small fraction of its lost ground this week, with higher returns as a result of increased capesize demand. This ...
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- Ambuja Cements Ltd - India
- Coastal Gujarat Power Limited - India
- Metalloyd Limited - United Kingdom
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- MS Steel International - UAE
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Kaltim Prima Coal - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- McConnell Dowell - Australia
- London Commodity Brokers - England
- SMC Global Power, Philippines
- Australian Commodity Traders Exchange
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- CNBM International Corporation - China
- ICICI Bank Limited - India
- Marubeni Corporation - India
- Videocon Industries ltd - India
- Bharathi Cement Corporation - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Coalindo Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Agrawal Coal Company - India
- Maheswari Brothers Coal Limited - India
- SN Aboitiz Power Inc, Philippines
- Makarim & Taira - Indonesia
- Bayan Resources Tbk. - Indonesia
- Timah Investasi Mineral - Indoneisa
- Power Finance Corporation Ltd., India
- Jindal Steel & Power Ltd - India
- Romanian Commodities Exchange
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
- Petron Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Chettinad Cement Corporation Ltd - India
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- LBH Netherlands Bv - Netherlands
- Sarangani Energy Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Ministry of Mines - Canada
- Mercator Lines Limited - India
- PTC India Limited - India
- Parry Sugars Refinery, India
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- Savvy Resources Ltd - HongKong
- VISA Power Limited - India
- Xindia Steels Limited - India
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Tamil Nadu electricity Board
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Parliament of New Zealand
- Australian Coal Association
- Bukit Baiduri Energy - Indonesia
- Mintek Dendrill Indonesia
- Banpu Public Company Limited - Thailand
- OPG Power Generation Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- Billiton Holdings Pty Ltd - Australia
- AsiaOL BioFuels Corp., Philippines
- Meenaskhi Energy Private Limited - India
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Kepco SPC Power Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Malabar Cements Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- Vedanta Resources Plc - India
- White Energy Company Limited
- Edison Trading Spa - Italy
- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
- Pendopo Energi Batubara - Indonesia
- New Zealand Coal & Carbon
- Indian Energy Exchange, India
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Rio Tinto Coal - Australia
- San Jose City I Power Corp, Philippines
- Heidelberg Cement - Germany
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Eastern Energy - Thailand
- Thai Mozambique Logistica
- Coal and Oil Company - UAE
- Alfred C Toepfer International GmbH - Germany
- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Directorate Of Revenue Intelligence - India
- Merrill Lynch Commodities Europe
- South Luzon Thermal Energy Corporation
- Energy Development Corp, Philippines
- Attock Cement Pakistan Limited
- Karbindo Abesyapradhi - Indoneisa
- Ceylon Electricity Board - Sri Lanka
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- Salva Resources Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Simpson Spence & Young - Indonesia
- Port Waratah Coal Services - Australia
- Uttam Galva Steels Limited - India
- Central Java Power - Indonesia
- Standard Chartered Bank - UAE
- Altura Mining Limited, Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- ASAPP Information Group - India
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- Georgia Ports Authority, United States
- Siam City Cement PLC, Thailand
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- Siam City Cement - Thailand
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Eastern Coal Council - USA
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Commonwealth Bank - Australia
- Ministry of Finance - Indonesia
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Star Paper Mills Limited - India
- Binh Thuan Hamico - Vietnam
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Toyota Tsusho Corporation, Japan
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- IEA Clean Coal Centre - UK
- Kartika Selabumi Mining - Indonesia
- Baramulti Group, Indonesia
- PNOC Exploration Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Wilmar Investment Holdings
- Planning Commission, India
- Trasteel International SA, Italy
- Holcim Trading Pte Ltd - Singapore
- Cigading International Bulk Terminal - Indonesia
- Gujarat Electricity Regulatory Commission - India
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
- Carbofer General Trading SA - India
- Kalimantan Lumbung Energi - Indonesia
- Mjunction Services Limited - India
- Electricity Authority, New Zealand
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- CIMB Investment Bank - Malaysia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Therma Luzon, Inc, Philippines
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Indo Tambangraya Megah - Indonesia
- Minerals Council of Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meralco Power Generation, Philippines
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- Vizag Seaport Private Limited - India
- Larsen & Toubro Limited - India
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