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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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Tuesday, 22 March 11
KRISHNAPATNAM PORT SETS ALL INDIA RECORD FOR COAL DISCHARGING
COALspot.com - "Krishnapatnam Port has set an all India record for discharging 71,587 tons of steam coal in just 24 hrs using the conventional ...
Sunday, 20 March 11
FREIGHT MARKETS COULD SOFTEN NEXT WEEK DUE TO JAPANESE PORTS CLOSURE AND LIBYAN CRISIS - VISTAAR
COALspot.com - The BDI was down by 1.98 pct (closing at 1531 points) mainly due to Cape index which was down by almost 11 pct and closed 1687 points ...
Friday, 18 March 11
FALL IN INDONESIAN COAL EXPORTS IN FEBRUARY 11
COALspot.com - Indonesian coal exports seen a fall of 10.76% during Feb 2011. The world’s largest coal exporter shipped 22.029 MMts of c ...
Thursday, 17 March 11
THE PACIFIC HANDY MARKET IS CURRENTLY STEADY - FEARNBULK
Handy
The Atlantic market is showing signs of recovery and does not seem to be affected by the Japan disaster. The market is very positional and i ...
Tuesday, 15 March 11
COAL PRODUCTION FORECAST TO SURGE ON RISING PRICES - THE JAKARTA GLOBE
The Jakarta Globe reported that, Indonesia’s coal production is forecast to increase by 20 percent this year as coal prices continue to ...
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- Attock Cement Pakistan Limited
- Economic Council, Georgia
- Vizag Seaport Private Limited - India
- Chettinad Cement Corporation Ltd - India
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- MS Steel International - UAE
- Electricity Generating Authority of Thailand
- Mintek Dendrill Indonesia
- PNOC Exploration Corporation - Philippines
- Bayan Resources Tbk. - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Sakthi Sugars Limited - India
- Krishnapatnam Port Company Ltd. - India
- International Coal Ventures Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Global Coal Blending Company Limited - Australia
- Ambuja Cements Ltd - India
- Indogreen Group - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- ASAPP Information Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indo Tambangraya Megah - Indonesia
- Aditya Birla Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
- ICICI Bank Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- New Zealand Coal & Carbon
- Georgia Ports Authority, United States
- Maharashtra Electricity Regulatory Commission - India
- Altura Mining Limited, Indonesia
- Savvy Resources Ltd - HongKong
- IEA Clean Coal Centre - UK
- Intertek Mineral Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Tamil Nadu electricity Board
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- Toyota Tsusho Corporation, Japan
- Mercuria Energy - Indonesia
- Agrawal Coal Company - India
- LBH Netherlands Bv - Netherlands
- Port Waratah Coal Services - Australia
- Trasteel International SA, Italy
- Tata Chemicals Ltd - India
- The University of Queensland
- Wilmar Investment Holdings
- White Energy Company Limited
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Lanco Infratech Ltd - India
- Semirara Mining Corp, Philippines
- Coal and Oil Company - UAE
- Parry Sugars Refinery, India
- Uttam Galva Steels Limited - India
- VISA Power Limited - India
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- Leighton Contractors Pty Ltd - Australia
- Wood Mackenzie - Singapore
- Banpu Public Company Limited - Thailand
- Kepco SPC Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Minerals Council of Australia
- TNB Fuel Sdn Bhd - Malaysia
- Parliament of New Zealand
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Bhoruka Overseas - Indonesia
- Mjunction Services Limited - India
- Rio Tinto Coal - Australia
- Indonesian Coal Mining Association
- Ministry of Mines - Canada
- GMR Energy Limited - India
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Bukit Baiduri Energy - Indonesia
- Indika Energy - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Latin American Coal - Colombia
- Gujarat Sidhee Cement - India
- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
- Carbofer General Trading SA - India
- Australian Coal Association
- Deloitte Consulting - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kaltim Prima Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- European Bulk Services B.V. - Netherlands
- Antam Resourcindo - Indonesia
- Anglo American - United Kingdom
- Energy Development Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- IHS Mccloskey Coal Group - USA
- CNBM International Corporation - China
- Bukit Makmur.PT - Indonesia
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- Pendopo Energi Batubara - Indonesia
- GVK Power & Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Standard Chartered Bank - UAE
- Meenaskhi Energy Private Limited - India
- Binh Thuan Hamico - Vietnam
- Renaissance Capital - South Africa
- Heidelberg Cement - Germany
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- Larsen & Toubro Limited - India
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Aboitiz Power Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- Coastal Gujarat Power Limited - India
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- Xindia Steels Limited - India
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Mercator Lines Limited - India
- Thai Mozambique Logistica
- Gujarat Mineral Development Corp Ltd - India
- Grasim Industreis Ltd - India
- Central Java Power - Indonesia
- India Bulls Power Limited - India
- Metalloyd Limited - United Kingdom
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Rashtriya Ispat Nigam Limited - India
- SMG Consultants - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Sojitz Corporation - Japan
- Medco Energi Mining Internasional
- OPG Power Generation Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- Ministry of Finance - Indonesia
- Commonwealth Bank - Australia
- Ministry of Transport, Egypt
- Neyveli Lignite Corporation Ltd, - India
- Borneo Indobara - Indonesia
- Global Green Power PLC Corporation, Philippines
- London Commodity Brokers - England
- South Luzon Thermal Energy Corporation
- Sarangani Energy Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Salva Resources Pvt Ltd - India
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- Sree Jayajothi Cements Limited - India
- Billiton Holdings Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- Kideco Jaya Agung - Indonesia
- Indian Energy Exchange, India
- Planning Commission, India
- AsiaOL BioFuels Corp., Philippines
- Dalmia Cement Bharat India
- Holcim Trading Pte Ltd - Singapore
- Globalindo Alam Lestari - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Jindal Steel & Power Ltd - India
- PowerSource Philippines DevCo
- Manunggal Multi Energi - Indonesia
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
- Merrill Lynch Commodities Europe
- Chamber of Mines of South Africa
- Coalindo Energy - Indonesia
- Bhushan Steel Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Indian Oil Corporation Limited
- Independent Power Producers Association of India
- Bahari Cakrawala Sebuku - Indonesia
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- Marubeni Corporation - India
- Madhucon Powers Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Edison Trading Spa - Italy
- Price Waterhouse Coopers - Russia
- Semirara Mining and Power Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Directorate General of MIneral and Coal - Indonesia
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