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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 February 11
DRY BULK MARKET KEEPS LOSING GROUND, CAPESIZES SUFFERING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market lost further ground yesterday, as the industry’s benchmark, the Baltic Dry Index was rapidly falling, ending the session d ...
Thursday, 24 February 11
SUPRAS ARE FIXED AT CLOSE TO 10K FOR TRIPS VIA INDONESIA TO INDIA WITH COAL - FEARNBULK
Handy
After a short lived surge in rates the Atlantic market has flattened out due to too many spot vessels. The USGulf has cooled down somewhat f ...
Wednesday, 23 February 11
LIMITED AVAILABILITY OF COAL COULD TRIP MEGA POWER PLANT - THE ECONOMIC TIMES
The Economic Times, an Indian leading news paper reported that, an acute shortage of domestic coal is threatening to destabilize new power generatio ...
Wednesday, 23 February 11
DRY BULK MARKET BACK ON RETREAT MODE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The two week rise of dry bulk freight rates seems to have come to a halt this week, with the industry’s benchmark, the Baltic Dry Index (BDI) lo ...
Wednesday, 23 February 11
INDONESIA NEEDS TO REVISE EXPORT BAN ON 5600 GAD COAL EXPORT - INDUSTRY
COALspot.com - The Indonesian government may be forced to revise its 2014 timeline for the proposed ban on all low quality coal exports, Patrick Han ...
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- Eastern Coal Council - USA
- New Zealand Coal & Carbon
- Holcim Trading Pte Ltd - Singapore
- Planning Commission, India
- Indonesian Coal Mining Association
- Uttam Galva Steels Limited - India
- India Bulls Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Timah Investasi Mineral - Indoneisa
- Goldman Sachs - Singapore
- Videocon Industries ltd - India
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Bhushan Steel Limited - India
- Karaikal Port Pvt Ltd - India
- Sojitz Corporation - Japan
- McConnell Dowell - Australia
- The Treasury - Australian Government
- Vijayanagar Sugar Pvt Ltd - India
- Independent Power Producers Association of India
- Directorate Of Revenue Intelligence - India
- Intertek Mineral Services - Indonesia
- Romanian Commodities Exchange
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Price Waterhouse Coopers - Russia
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- Marubeni Corporation - India
- Thai Mozambique Logistica
- Coalindo Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Antam Resourcindo - Indonesia
- CIMB Investment Bank - Malaysia
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- SMC Global Power, Philippines
- Siam City Cement - Thailand
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- Ministry of Finance - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sakthi Sugars Limited - India
- Kartika Selabumi Mining - Indonesia
- TeaM Sual Corporation - Philippines
- Grasim Industreis Ltd - India
- Coastal Gujarat Power Limited - India
- Bhatia International Limited - India
- Larsen & Toubro Limited - India
- Mintek Dendrill Indonesia
- Interocean Group of Companies - India
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Global Business Power Corporation, Philippines
- Central Electricity Authority - India
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bharathi Cement Corporation - India
- Karbindo Abesyapradhi - Indoneisa
- Metalloyd Limited - United Kingdom
- Sree Jayajothi Cements Limited - India
- LBH Netherlands Bv - Netherlands
- Posco Energy - South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- Indian Oil Corporation Limited
- Makarim & Taira - Indonesia
- Barasentosa Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Merrill Lynch Commodities Europe
- Bhoruka Overseas - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
- Savvy Resources Ltd - HongKong
- Attock Cement Pakistan Limited
- Malabar Cements Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- VISA Power Limited - India
- Australian Coal Association
- Energy Development Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Essar Steel Hazira Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Gujarat Sidhee Cement - India
- San Jose City I Power Corp, Philippines
- Carbofer General Trading SA - India
- Jindal Steel & Power Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement PLC, Thailand
- Africa Commodities Group - South Africa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- SN Aboitiz Power Inc, Philippines
- Mercator Lines Limited - India
- ASAPP Information Group - India
- Binh Thuan Hamico - Vietnam
- Energy Link Ltd, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- CNBM International Corporation - China
- Petron Corporation, Philippines
- Singapore Mercantile Exchange
- Semirara Mining Corp, Philippines
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- Baramulti Group, Indonesia
- Kepco SPC Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Cement Manufacturers Association - India
- Ind-Barath Power Infra Limited - India
- Rio Tinto Coal - Australia
- Samtan Co., Ltd - South Korea
- Medco Energi Mining Internasional
- Kohat Cement Company Ltd. - Pakistan
- Meenaskhi Energy Private Limited - India
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Sindya Power Generating Company Private Ltd
- Tata Chemicals Ltd - India
- Bukit Makmur.PT - Indonesia
- Parry Sugars Refinery, India
- Semirara Mining and Power Corporation, Philippines
- GMR Energy Limited - India
- PetroVietnam Power Coal Import and Supply Company
- IEA Clean Coal Centre - UK
- IHS Mccloskey Coal Group - USA
- Central Java Power - Indonesia
- Manunggal Multi Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- Meralco Power Generation, Philippines
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- Renaissance Capital - South Africa
- White Energy Company Limited
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- PowerSource Philippines DevCo
- ICICI Bank Limited - India
- Power Finance Corporation Ltd., India
- Leighton Contractors Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Madhucon Powers Ltd - India
- South Luzon Thermal Energy Corporation
- Maheswari Brothers Coal Limited - India
- Oldendorff Carriers - Singapore
- Mercuria Energy - Indonesia
- Bangladesh Power Developement Board
- Orica Mining Services - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Chamber of Mines of South Africa
- Asmin Koalindo Tuhup - Indonesia
- GAC Shipping (India) Pvt Ltd
- Dalmia Cement Bharat India
- SMG Consultants - Indonesia
- Minerals Council of Australia
- London Commodity Brokers - England
- Aboitiz Power Corporation - Philippines
- Thiess Contractors Indonesia
- Agrawal Coal Company - India
- Ministry of Transport, Egypt
- The University of Queensland
- Port Waratah Coal Services - Australia
- Chettinad Cement Corporation Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Formosa Plastics Group - Taiwan
- Aditya Birla Group - India
- Eastern Energy - Thailand
- Economic Council, Georgia
- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Wood Mackenzie - Singapore
- Therma Luzon, Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- Global Green Power PLC Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Bukit Baiduri Energy - Indonesia
- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- Xindia Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Simpson Spence & Young - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Trasteel International SA, Italy
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