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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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Wednesday, 20 July 11
DRY BULK MARKET KEEPS ON FALLING ON SOFTENING CONDITIONS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market retreated to lower ground on Tuesday, as the industry’s benchmark, the BDI (Baltic Dry Index) fell to 1,330 points, down b ...
Tuesday, 19 July 11
82 MIO TONS OF COAL TO BE SUPPLIED FOR DOMESTIC MARKET
Indonesian Coal miners were required to supply 82 million tons of coal to Domestic market in this year. This is a 2.53 percent higher than last year ...
Monday, 18 July 11
IMFA BUYS A INDONESIAN COAL MINE FOR USD 8.7 M
Indian Metals and Ferro Alloys (IMFA), the largest producer of ferro chrome in the country, today said it has acquired 70 per cent stake in an Indones ...
Sunday, 17 July 11
THE COAL PRICES ARE SOFTENING DUE TO LESS DEMAND - VISTAAR
COALspot.com: The markets were down last week with BDI down by 6.63 points and closing at 1,353 points. The most affected was Cape index which was d ...
Friday, 15 July 11
DRY BULK MARKET SUFFERS NEW BLOW, RETREATS EVEN FURTHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market fell even lower yesterday on the back of lower demand for larger vessels, like Capesizes and Panamaxes. The industry’s ben ...
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- Intertek Mineral Services - Indonesia
- Parliament of New Zealand
- Indonesian Coal Mining Association
- Central Electricity Authority - India
- Indian Oil Corporation Limited
- Pendopo Energi Batubara - Indonesia
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- ASAPP Information Group - India
- Rashtriya Ispat Nigam Limited - India
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- Aditya Birla Group - India
- London Commodity Brokers - England
- Electricity Generating Authority of Thailand
- Singapore Mercantile Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- Wood Mackenzie - Singapore
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
- Binh Thuan Hamico - Vietnam
- Indian Energy Exchange, India
- Independent Power Producers Association of India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Global Business Power Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- Orica Mining Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Semirara Mining Corp, Philippines
- SMG Consultants - Indonesia
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- Riau Bara Harum - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- San Jose City I Power Corp, Philippines
- Barasentosa Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Energy Link Ltd, New Zealand
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- PowerSource Philippines DevCo
- Ministry of Finance - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Wilmar Investment Holdings
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- International Coal Ventures Pvt Ltd - India
- Cement Manufacturers Association - India
- Antam Resourcindo - Indonesia
- Star Paper Mills Limited - India
- Interocean Group of Companies - India
- Price Waterhouse Coopers - Russia
- Therma Luzon, Inc, Philippines
- Attock Cement Pakistan Limited
- Coastal Gujarat Power Limited - India
- Meenaskhi Energy Private Limited - India
- Siam City Cement - Thailand
- Indika Energy - Indonesia
- Indo Tambangraya Megah - Indonesia
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- Directorate Of Revenue Intelligence - India
- Standard Chartered Bank - UAE
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- Globalindo Alam Lestari - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- Ministry of Mines - Canada
- Ind-Barath Power Infra Limited - India
- Sakthi Sugars Limited - India
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Metalloyd Limited - United Kingdom
- GVK Power & Infra Limited - India
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- Commonwealth Bank - Australia
- Aboitiz Power Corporation - Philippines
- Straits Asia Resources Limited - Singapore
- Sindya Power Generating Company Private Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Kideco Jaya Agung - Indonesia
- Gujarat Sidhee Cement - India
- Directorate General of MIneral and Coal - Indonesia
- MS Steel International - UAE
- Timah Investasi Mineral - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Minerals Council of Australia
- Karbindo Abesyapradhi - Indoneisa
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- Jindal Steel & Power Ltd - India
- Power Finance Corporation Ltd., India
- Lanco Infratech Ltd - India
- Oldendorff Carriers - Singapore
- CIMB Investment Bank - Malaysia
- European Bulk Services B.V. - Netherlands
- Mercator Lines Limited - India
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- Kumho Petrochemical, South Korea
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- The University of Queensland
- Videocon Industries ltd - India
- McConnell Dowell - Australia
- Petron Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- The Treasury - Australian Government
- Ministry of Transport, Egypt
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- Kartika Selabumi Mining - Indonesia
- Xindia Steels Limited - India
- IEA Clean Coal Centre - UK
- Economic Council, Georgia
- Agrawal Coal Company - India
- Anglo American - United Kingdom
- Bayan Resources Tbk. - Indonesia
- Dalmia Cement Bharat India
- Krishnapatnam Port Company Ltd. - India
- Coalindo Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Simpson Spence & Young - Indonesia
- Romanian Commodities Exchange
- CNBM International Corporation - China
- Thai Mozambique Logistica
- IHS Mccloskey Coal Group - USA
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Maharashtra Electricity Regulatory Commission - India
- Mintek Dendrill Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sree Jayajothi Cements Limited - India
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Sojitz Corporation - Japan
- Bhoruka Overseas - Indonesia
- Larsen & Toubro Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- PTC India Limited - India
- Bhushan Steel Limited - India
- VISA Power Limited - India
- Posco Energy - South Korea
- OPG Power Generation Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- New Zealand Coal & Carbon
- Australian Commodity Traders Exchange
- Medco Energi Mining Internasional
- Deloitte Consulting - India
- Eastern Energy - Thailand
- Toyota Tsusho Corporation, Japan
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- GAC Shipping (India) Pvt Ltd
- PetroVietnam Power Coal Import and Supply Company
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- Tamil Nadu electricity Board
- Tata Chemicals Ltd - India
- Bukit Makmur.PT - Indonesia
- Maheswari Brothers Coal Limited - India
- Jaiprakash Power Ventures ltd
- Miang Besar Coal Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Coal Council - USA
- GMR Energy Limited - India
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Borneo Indobara - Indonesia
- Iligan Light & Power Inc, Philippines
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Latin American Coal - Colombia
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
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