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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, 25 May 11
DRY BULK MARKET ENTERS WEEK ON A HIGH NOTE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has managed to end its downward trend of the past few weeks and surge back on higher ground. Yesterday, the Baltic Dry Index (BD ...
Monday, 23 May 11
BRMS IS TO START PRODUCTION FROM DAIRI PRIMA MINERALS
COALspot.com - The Presidential Decree No. 28 Year 2011 that allows conditional underground mining in the protected forest areas was issued on 19th ...
Sunday, 22 May 11
INDONESIA - INDIA IS LIKELY TO BE STEADY NEXT WEEK - VISTAAR SINGAPORE
COALspot.com - The freight market remained soft beginning of the week, however second half of the week was firm with BDI up by 3.29 pct and closed a ...
Saturday, 21 May 11
OWNERS PREFER TO DO INDO COAL OR NICKEL ORE TO CHINA RATHER THAN GOING TO INDIA - FEARNBULK
Handy
The Atlantic is marked by volatility and very positional, nevertheless USG,NCSA, Cont remain strong thanks to the petcoke, grains and scrap ...
Friday, 20 May 11
GOVT TOLD TO LIMIT COAL, GAS EXPORTS - THE JAKARTA POST
The Jakarta Post, a leading news paper in Indonesia, reported that, Amid soaring global oil prices, the government should limit exports of coal and ...
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Planning Commission, India
- GAC Shipping (India) Pvt Ltd
- IHS Mccloskey Coal Group - USA
- India Bulls Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Chamber of Mines of South Africa
- Rio Tinto Coal - Australia
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Intertek Mineral Services - Indonesia
- Commonwealth Bank - Australia
- Aboitiz Power Corporation - Philippines
- Parliament of New Zealand
- Cement Manufacturers Association - India
- PTC India Limited - India
- PowerSource Philippines DevCo
- Medco Energi Mining Internasional
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Oldendorff Carriers - Singapore
- Jindal Steel & Power Ltd - India
- Attock Cement Pakistan Limited
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Pendopo Energi Batubara - Indonesia
- Ambuja Cements Ltd - India
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- Edison Trading Spa - Italy
- Anglo American - United Kingdom
- TeaM Sual Corporation - Philippines
- Simpson Spence & Young - Indonesia
- Straits Asia Resources Limited - Singapore
- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Bhatia International Limited - India
- Indo Tambangraya Megah - Indonesia
- Madhucon Powers Ltd - India
- South Luzon Thermal Energy Corporation
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Timah Investasi Mineral - Indoneisa
- Antam Resourcindo - Indonesia
- Xindia Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Sical Logistics Limited - India
- Barasentosa Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Mercuria Energy - Indonesia
- Standard Chartered Bank - UAE
- Bhoruka Overseas - Indonesia
- Chettinad Cement Corporation Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Petron Corporation, Philippines
- Thai Mozambique Logistica
- Tamil Nadu electricity Board
- Thiess Contractors Indonesia
- Maharashtra Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Deloitte Consulting - India
- Agrawal Coal Company - India
- Central Electricity Authority - India
- Jaiprakash Power Ventures ltd
- Electricity Authority, New Zealand
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- The Treasury - Australian Government
- Lanco Infratech Ltd - India
- Vedanta Resources Plc - India
- San Jose City I Power Corp, Philippines
- Goldman Sachs - Singapore
- LBH Netherlands Bv - Netherlands
- Mintek Dendrill Indonesia
- Australian Commodity Traders Exchange
- Kartika Selabumi Mining - Indonesia
- Ind-Barath Power Infra Limited - India
- Electricity Generating Authority of Thailand
- Tata Chemicals Ltd - India
- Metalloyd Limited - United Kingdom
- Sojitz Corporation - Japan
- Kobexindo Tractors - Indoneisa
- ASAPP Information Group - India
- Central Java Power - Indonesia
- Port Waratah Coal Services - Australia
- Therma Luzon, Inc, Philippines
- The University of Queensland
- Ceylon Electricity Board - Sri Lanka
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- Global Green Power PLC Corporation, Philippines
- Singapore Mercantile Exchange
- GN Power Mariveles Coal Plant, Philippines
- Banpu Public Company Limited - Thailand
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Kideco Jaya Agung - Indonesia
- Australian Coal Association
- Ministry of Mines - Canada
- Gujarat Sidhee Cement - India
- SMC Global Power, Philippines
- Bharathi Cement Corporation - India
- Petrochimia International Co. Ltd.- Taiwan
- McConnell Dowell - Australia
- Karaikal Port Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Makarim & Taira - Indonesia
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- Gujarat Electricity Regulatory Commission - India
- Salva Resources Pvt Ltd - India
- Independent Power Producers Association of India
- Global Coal Blending Company Limited - Australia
- Coalindo Energy - Indonesia
- Ministry of Transport, Egypt
- Uttam Galva Steels Limited - India
- Georgia Ports Authority, United States
- Indika Energy - Indonesia
- Coal and Oil Company - UAE
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Interocean Group of Companies - India
- Bayan Resources Tbk. - Indonesia
- Directorate Of Revenue Intelligence - India
- Siam City Cement - Thailand
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Vizag Seaport Private Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mjunction Services Limited - India
- Altura Mining Limited, Indonesia
- Minerals Council of Australia
- Larsen & Toubro Limited - India
- IEA Clean Coal Centre - UK
- VISA Power Limited - India
- Eastern Energy - Thailand
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Orica Australia Pty. Ltd.
- The State Trading Corporation of India Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Indian Oil Corporation Limited
- Heidelberg Cement - Germany
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- GMR Energy Limited - India
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Global Business Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- AsiaOL BioFuels Corp., Philippines
- Bhushan Steel Limited - India
- Maheswari Brothers Coal Limited - India
- Indian Energy Exchange, India
- OPG Power Generation Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Aditya Birla Group - India
- Globalindo Alam Lestari - Indonesia
- Energy Development Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Kapuas Tunggal Persada - Indonesia
- Carbofer General Trading SA - India
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- Siam City Cement PLC, Thailand
- Meenaskhi Energy Private Limited - India
- Sakthi Sugars Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indonesian Coal Mining Association
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- London Commodity Brokers - England
- CIMB Investment Bank - Malaysia
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- CNBM International Corporation - China
- Toyota Tsusho Corporation, Japan
- Kepco SPC Power Corporation, Philippines
- Trasteel International SA, Italy
- Economic Council, Georgia
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- Videocon Industries ltd - India
- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- Ministry of Finance - Indonesia
- Latin American Coal - Colombia
- Star Paper Mills Limited - India
- Miang Besar Coal Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Gujarat Mineral Development Corp Ltd - India
- SN Aboitiz Power Inc, Philippines
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