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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, 17 February 11
UNCERTAINTY AND VOLATILITY - FEARNBULK
Handy
Recovering market as evidenced by the solid USD 16k/day achieved by a handymax from Continent to east Med with scrap. More short period requ ...
Tuesday, 15 February 11
INDONESIAN COAL FOR HARYANA THERMAL PLANTS - PUNJAB NEWS LINE
To tide over the recurring coal shortage at thermal plants Haryana Power Generation Corporation Limited (HPGCL) has gone for Malaysian coal for its ...
Tuesday, 15 February 11
TONNAGE OVERSUPPLY TO CHOKE FREIGHT RATES IN THE COMING MONTHS SAYS BIMCO - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In a new report assessing the dry bulk market, BIMCO’s analysis suggests that freight rates for Capesize vessels are likely to remain depresse ...
Sunday, 13 February 11
COAL MARKETS 2011 TO HIGHLIGHT INDONESIAN COAL AND NEW SOURCES OF COAL SUPPLY
“Over 300 senior decision-makers from coal mining, power and trading companies expected to congregate in Singapore”
Press Release - K ...
Sunday, 13 February 11
YEAR OF RABBIT PUSHING FREIGHT MARKET UP
COALspot.com – “The market finally moved up with firmness in all sectors with some positive signs of markets recovering”, said Cap ...
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- Semirara Mining and Power Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- Parry Sugars Refinery, India
- Kumho Petrochemical, South Korea
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- PNOC Exploration Corporation - Philippines
- Mintek Dendrill Indonesia
- Tamil Nadu electricity Board
- The University of Queensland
- Altura Mining Limited, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sakthi Sugars Limited - India
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- McConnell Dowell - Australia
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- Global Green Power PLC Corporation, Philippines
- Agrawal Coal Company - India
- Banpu Public Company Limited - Thailand
- Samtan Co., Ltd - South Korea
- IHS Mccloskey Coal Group - USA
- Savvy Resources Ltd - HongKong
- San Jose City I Power Corp, Philippines
- Indo Tambangraya Megah - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- Bangladesh Power Developement Board
- Energy Development Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Orica Mining Services - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Rashtriya Ispat Nigam Limited - India
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- Minerals Council of Australia
- Metalloyd Limited - United Kingdom
- Australian Commodity Traders Exchange
- Star Paper Mills Limited - India
- PowerSource Philippines DevCo
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Pendopo Energi Batubara - Indonesia
- Salva Resources Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Timah Investasi Mineral - Indoneisa
- Africa Commodities Group - South Africa
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Ministry of Transport, Egypt
- Siam City Cement - Thailand
- Makarim & Taira - Indonesia
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Eastern Energy - Thailand
- Vizag Seaport Private Limited - India
- Essar Steel Hazira Ltd - India
- Orica Australia Pty. Ltd.
- Deloitte Consulting - India
- Sojitz Corporation - Japan
- Indian Energy Exchange, India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Singapore Mercantile Exchange
- Thiess Contractors Indonesia
- Jindal Steel & Power Ltd - India
- Energy Link Ltd, New Zealand
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- Billiton Holdings Pty Ltd - Australia
- Marubeni Corporation - India
- Merrill Lynch Commodities Europe
- Uttam Galva Steels Limited - India
- Chamber of Mines of South Africa
- Indogreen Group - Indonesia
- Aditya Birla Group - India
- Mercuria Energy - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- Posco Energy - South Korea
- Indika Energy - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Mjunction Services Limited - India
- Cigading International Bulk Terminal - Indonesia
- New Zealand Coal & Carbon
- Therma Luzon, Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Antam Resourcindo - Indonesia
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Formosa Plastics Group - Taiwan
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- ASAPP Information Group - India
- The State Trading Corporation of India Ltd
- Interocean Group of Companies - India
- Rio Tinto Coal - Australia
- Maharashtra Electricity Regulatory Commission - India
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
- Chettinad Cement Corporation Ltd - India
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- Lanco Infratech Ltd - India
- Videocon Industries ltd - India
- Renaissance Capital - South Africa
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- Wood Mackenzie - Singapore
- Kobexindo Tractors - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Trasteel International SA, Italy
- Latin American Coal - Colombia
- Bhushan Steel Limited - India
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- Baramulti Group, Indonesia
- Ind-Barath Power Infra Limited - India
- ICICI Bank Limited - India
- Alfred C Toepfer International GmbH - Germany
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- Semirara Mining Corp, Philippines
- Meenaskhi Energy Private Limited - India
- Parliament of New Zealand
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- AsiaOL BioFuels Corp., Philippines
- Binh Thuan Hamico - Vietnam
- Global Coal Blending Company Limited - Australia
- London Commodity Brokers - England
- PetroVietnam Power Coal Import and Supply Company
- Sical Logistics Limited - India
- Sinarmas Energy and Mining - Indonesia
- Central Java Power - Indonesia
- Toyota Tsusho Corporation, Japan
- Goldman Sachs - Singapore
- Attock Cement Pakistan Limited
- Dalmia Cement Bharat India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Makmur.PT - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Kaltim Prima Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Independent Power Producers Association of India
- Miang Besar Coal Terminal - Indonesia
- Aboitiz Power Corporation - Philippines
- Grasim Industreis Ltd - India
- Globalindo Alam Lestari - Indonesia
- Kepco SPC Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Directorate Of Revenue Intelligence - India
- Wilmar Investment Holdings
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- Australian Coal Association
- Edison Trading Spa - Italy
- Sindya Power Generating Company Private Ltd
- VISA Power Limited - India
- PTC India Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Xindia Steels Limited - India
- Meralco Power Generation, Philippines
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
- TeaM Sual Corporation - Philippines
- Georgia Ports Authority, United States
- Riau Bara Harum - Indonesia
- Straits Asia Resources Limited - Singapore
- Tata Chemicals Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
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