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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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Thursday, 24 March 11
INDIA'S CHETTINAD INTERNATIONAL COAL TERMINAL'S PERMISSIBLE DRAFT HAS INCREASED TO 13.5 M
COALspot.com - Chettinad International Coal Terminal in Ennore port has the berth with draft 13.5 Meters now, according to E-Mail statement received ...
Thursday, 24 March 11
DRY BULK MARKET RISES, CAPESIZES GAIN BUT REMAIN LOW EARNERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market posted modest gains on Wednesday, with the Baltic Dry Index rising to 1,565 points, up by 1.43 percent on the day, led by gains ...
Wednesday, 23 March 11
INDIAS TNPL RECEIVED 1.120 MMTS OF COAL AGAINST ITS 160K MT INQUIRY
COALspot.com - Tamil Nadu Newsprint and Papers Ltd. has closed its inquiry today.
Seven Indian coal traders have submitted price bid to sup ...
Tuesday, 22 March 11
MONNET ISPAT & ENERGY LIMITED ACQUIRES INDONESIAN COAL COMPANY THROUGH ITS SUBSIDIARY MONNET GLOBAL LIMITED
Monnet Global Limited (MGL) acquires PT Sarwa Sembada Karya Bumi, Sumatra & on part exploration the reserves of 65 million tonne on Thermal Coal ...
Tuesday, 22 March 11
RI COAL EXPORTS TO JAPAN MAY BE DIVERTED TO OTHER COUNTRIES - THE JAKARTA POST
The Jakarta Post reported that, Indonesia’s coal exports to Japan will likely be diverted to other countries for several months after the rece ...
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- Toyota Tsusho Corporation, Japan
- Power Finance Corporation Ltd., India
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Australian Commodity Traders Exchange
- Chamber of Mines of South Africa
- Goldman Sachs - Singapore
- Xindia Steels Limited - India
- McConnell Dowell - Australia
- Manunggal Multi Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Videocon Industries ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Ambuja Cements Ltd - India
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Sree Jayajothi Cements Limited - India
- IEA Clean Coal Centre - UK
- Orica Mining Services - Indonesia
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- Lanco Infratech Ltd - India
- Indo Tambangraya Megah - Indonesia
- Gujarat Sidhee Cement - India
- Rashtriya Ispat Nigam Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- CIMB Investment Bank - Malaysia
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Georgia Ports Authority, United States
- Simpson Spence & Young - Indonesia
- European Bulk Services B.V. - Netherlands
- Ministry of Mines - Canada
- Straits Asia Resources Limited - Singapore
- Indika Energy - Indonesia
- GVK Power & Infra Limited - India
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Aboitiz Power Corporation - Philippines
- Posco Energy - South Korea
- Madhucon Powers Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- International Coal Ventures Pvt Ltd - India
- Indian Oil Corporation Limited
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- Pendopo Energi Batubara - Indonesia
- Romanian Commodities Exchange
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- Sical Logistics Limited - India
- London Commodity Brokers - England
- Indogreen Group - Indonesia
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Energy Link Ltd, New Zealand
- Wilmar Investment Holdings
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- Coastal Gujarat Power Limited - India
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- Interocean Group of Companies - India
- Bhatia International Limited - India
- Global Coal Blending Company Limited - Australia
- Marubeni Corporation - India
- Vizag Seaport Private Limited - India
- SMC Global Power, Philippines
- Bayan Resources Tbk. - Indonesia
- Parliament of New Zealand
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- GMR Energy Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Edison Trading Spa - Italy
- Jindal Steel & Power Ltd - India
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Essar Steel Hazira Ltd - India
- Mercuria Energy - Indonesia
- Sojitz Corporation - Japan
- Gujarat Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- Kepco SPC Power Corporation, Philippines
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- San Jose City I Power Corp, Philippines
- Ministry of Finance - Indonesia
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- Karaikal Port Pvt Ltd - India
- Heidelberg Cement - Germany
- Directorate Of Revenue Intelligence - India
- LBH Netherlands Bv - Netherlands
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- MS Steel International - UAE
- GAC Shipping (India) Pvt Ltd
- Deloitte Consulting - India
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- Binh Thuan Hamico - Vietnam
- Bhushan Steel Limited - India
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Malabar Cements Ltd - India
- Iligan Light & Power Inc, Philippines
- Dalmia Cement Bharat India
- Kobexindo Tractors - Indoneisa
- Maheswari Brothers Coal Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
- Jorong Barutama Greston.PT - Indonesia
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Antam Resourcindo - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Baramulti Group, Indonesia
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Medco Energi Mining Internasional
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mercator Lines Limited - India
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- White Energy Company Limited
- The State Trading Corporation of India Ltd
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Coalindo Energy - Indonesia
- Globalindo Alam Lestari - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Indonesian Coal Mining Association
- The University of Queensland
- Renaissance Capital - South Africa
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Cement Manufacturers Association - India
- TNB Fuel Sdn Bhd - Malaysia
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Tata Chemicals Ltd - India
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
- The Treasury - Australian Government
- Independent Power Producers Association of India
- GN Power Mariveles Coal Plant, Philippines
- Planning Commission, India
- Kaltim Prima Coal - Indonesia
- Latin American Coal - Colombia
- PowerSource Philippines DevCo
- Thai Mozambique Logistica
- Jaiprakash Power Ventures ltd
- ASAPP Information Group - India
- Petron Corporation, Philippines
- Bangladesh Power Developement Board
- Orica Australia Pty. Ltd.
- Savvy Resources Ltd - HongKong
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- Wood Mackenzie - Singapore
- PTC India Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- VISA Power Limited - India
- India Bulls Power Limited - India
- Central Java Power - Indonesia
- Aditya Birla Group - India
- Asmin Koalindo Tuhup - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Altura Mining Limited, Indonesia
- OPG Power Generation Pvt Ltd - India
- Attock Cement Pakistan Limited
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
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