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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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Sunday, 06 March 11
THE S6 ROUTE MAY CONTINUE TO BE FIRM - VISTAAR
COALspot.com - The freight market was firm this week with all indices up. The BDI , Cape Index and Panamax index was up by almost 9 pct where as Sup ...
Friday, 04 March 11
IRON ORE FROM INDIA HAS BEEN QUIET
Handy
Activity has been gradually rising in the Atlantic but it is mostly confined to the USG market. Short period basis redelivery Atlantic has b ...
Thursday, 03 March 11
TNPL INDIA LOOKING FOR 160,000 MT OF NON-COKING COAL
COALspot.com - Tamil Nadu Newsprint and Papers Ltd. is seeking to import 160,000 plus minus 5 percent metric tons of non-coking coal with Gross Calo ...
Wednesday, 02 March 11
MIXED FORTUNES FOR DRY BULK OWNERS THIS WEEK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Although the dry bulk market has been on the positive side this week, things still look quite uncertain in the near term, with most owners puzzled a ...
Wednesday, 02 March 11
INDIA, 2ND LARGEST IMPORTER OF INDONESIAN COAL IN 2010
COALspot.com: Indonesia, the world largest coal exporter, shipped 24.68 million tons of coal in January 2011, which was 1.19 percent higher Y-o- ...
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- Bhushan Steel Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- White Energy Company Limited
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Miang Besar Coal Terminal - Indonesia
- ASAPP Information Group - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Electricity Authority, New Zealand
- Petron Corporation, Philippines
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Anglo American - United Kingdom
- Deloitte Consulting - India
- Orica Mining Services - Indonesia
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- IHS Mccloskey Coal Group - USA
- Attock Cement Pakistan Limited
- India Bulls Power Limited - India
- Indian Oil Corporation Limited
- Kobexindo Tractors - Indoneisa
- Samtan Co., Ltd - South Korea
- Goldman Sachs - Singapore
- Merrill Lynch Commodities Europe
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Karaikal Port Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- Indian Energy Exchange, India
- Kumho Petrochemical, South Korea
- Siam City Cement - Thailand
- Grasim Industreis Ltd - India
- Standard Chartered Bank - UAE
- Trasteel International SA, Italy
- Thiess Contractors Indonesia
- Straits Asia Resources Limited - Singapore
- Mercuria Energy - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Wilmar Investment Holdings
- Parliament of New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Tata Chemicals Ltd - India
- TeaM Sual Corporation - Philippines
- Orica Australia Pty. Ltd.
- Metalloyd Limited - United Kingdom
- Price Waterhouse Coopers - Russia
- Directorate General of MIneral and Coal - Indonesia
- The University of Queensland
- Marubeni Corporation - India
- Posco Energy - South Korea
- Agrawal Coal Company - India
- Carbofer General Trading SA - India
- Antam Resourcindo - Indonesia
- Simpson Spence & Young - Indonesia
- ICICI Bank Limited - India
- Singapore Mercantile Exchange
- Barasentosa Lestari - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Jindal Steel & Power Ltd - India
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- Mjunction Services Limited - India
- Xindia Steels Limited - India
- Australian Commodity Traders Exchange
- Makarim & Taira - Indonesia
- Sakthi Sugars Limited - India
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- Chamber of Mines of South Africa
- International Coal Ventures Pvt Ltd - India
- GVK Power & Infra Limited - India
- San Jose City I Power Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Eastern Coal Council - USA
- GN Power Mariveles Coal Plant, Philippines
- Toyota Tsusho Corporation, Japan
- PNOC Exploration Corporation - Philippines
- SMC Global Power, Philippines
- Siam City Cement PLC, Thailand
- Gujarat Mineral Development Corp Ltd - India
- Coalindo Energy - Indonesia
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- Cigading International Bulk Terminal - Indonesia
- GAC Shipping (India) Pvt Ltd
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Ministry of Transport, Egypt
- Commonwealth Bank - Australia
- Sojitz Corporation - Japan
- Ceylon Electricity Board - Sri Lanka
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
- Manunggal Multi Energi - Indonesia
- Indogreen Group - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Port Waratah Coal Services - Australia
- Altura Mining Limited, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Edison Trading Spa - Italy
- Chettinad Cement Corporation Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- CNBM International Corporation - China
- Formosa Plastics Group - Taiwan
- Meralco Power Generation, Philippines
- Bukit Baiduri Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Medco Energi Mining Internasional
- Pipit Mutiara Jaya. PT, Indonesia
- Bhoruka Overseas - Indonesia
- The State Trading Corporation of India Ltd
- Wood Mackenzie - Singapore
- Maheswari Brothers Coal Limited - India
- Mercator Lines Limited - India
- Planning Commission, India
- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- Bhatia International Limited - India
- CIMB Investment Bank - Malaysia
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- PTC India Limited - India
- OPG Power Generation Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Electricity Generating Authority of Thailand
- Kepco SPC Power Corporation, Philippines
- Thai Mozambique Logistica
- Coal and Oil Company - UAE
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- Tamil Nadu electricity Board
- Minerals Council of Australia
- Gujarat Sidhee Cement - India
- TNB Fuel Sdn Bhd - Malaysia
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Baramulti Group, Indonesia
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Sical Logistics Limited - India
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- Indo Tambangraya Megah - Indonesia
- Riau Bara Harum - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- Energy Link Ltd, New Zealand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The Treasury - Australian Government
- Bulk Trading Sa - Switzerland
- Semirara Mining and Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- PowerSource Philippines DevCo
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- Lanco Infratech Ltd - India
- Romanian Commodities Exchange
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Billiton Holdings Pty Ltd - Australia
- Rio Tinto Coal - Australia
- Power Finance Corporation Ltd., India
- Intertek Mineral Services - Indonesia
- Borneo Indobara - Indonesia
- Dalmia Cement Bharat India
- Vijayanagar Sugar Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Cement Manufacturers Association - India
- Central Electricity Authority - India
- Videocon Industries ltd - India
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- MS Steel International - UAE
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Madhucon Powers Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- Meenaskhi Energy Private Limited - India
- Coastal Gujarat Power Limited - India
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Parry Sugars Refinery, India
- Kideco Jaya Agung - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
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