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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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Friday, 04 February 11
PERTAMINA DENIES KAREN AGUSTIAWAN RESIGNS FROM PERTAMINA
COALspot.com - The President Director of PT Pertamina, Karen Agustiawan reportedly will replace Darwin Saleh as Minister of Energy and Mineral Resou ...
Friday, 04 February 11
ADARO ENERGY FY10 COAL SALES UP 6 PERCENT TO 43.84 MILLION
As reported by insider stories, Indonesian coal miners PT Adaro Energy Tbk has produced 42.20 million tons of coal in 2010, a 4 percent increase com ...
Thursday, 03 February 11
MERCATOR LINES TO INVEST RS 200-250 CRORE ON COAL MINE IN INDONESIA - ECONOMIC TIMES
Economic Times reported that, Mercator Lines, the HK Mittal-controlled shipping-to-mines major, will invest about 200-250 crore (US$ 43.825 - 54.781 ...
Thursday, 03 February 11
DRY BULK MARKET LOOKS SET TO BOTTOM OUT NIKOS - ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market having lost more than 72% of its value in the last month or so and having retreated to a 2-year low, it seems that the bott ...
Wednesday, 02 February 11
INDONESIA MAY MISS COAL EXPORT TARGET IN 2011
COALspot.com - Indonesian Trade ministry has instructed independent surveyors temporarily not to issue pre-shipment survey report (LS) to the compan ...
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- Larsen & Toubro Limited - India
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- Ministry of Mines - Canada
- White Energy Company Limited
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- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
- Bangladesh Power Developement Board
- Economic Council, Georgia
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- Parry Sugars Refinery, India
- Independent Power Producers Association of India
- CIMB Investment Bank - Malaysia
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- LBH Netherlands Bv - Netherlands
- Central Electricity Authority - India
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- Indo Tambangraya Megah - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Makarim & Taira - Indonesia
- Mercuria Energy - Indonesia
- Australian Commodity Traders Exchange
- Indonesian Coal Mining Association
- Kalimantan Lumbung Energi - Indonesia
- Kepco SPC Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
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- New Zealand Coal & Carbon
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- Wilmar Investment Holdings
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- Energy Link Ltd, New Zealand
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- Thai Mozambique Logistica
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- Maheswari Brothers Coal Limited - India
- Edison Trading Spa - Italy
- Timah Investasi Mineral - Indoneisa
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- Global Business Power Corporation, Philippines
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- Sakthi Sugars Limited - India
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- Ministry of Transport, Egypt
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- Medco Energi Mining Internasional
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Chamber of Mines of South Africa
- PowerSource Philippines DevCo
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- Kobexindo Tractors - Indoneisa
- Power Finance Corporation Ltd., India
- Meralco Power Generation, Philippines
- Carbofer General Trading SA - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
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- Heidelberg Cement - Germany
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- Tamil Nadu electricity Board
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- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
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- Cigading International Bulk Terminal - Indonesia
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
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- Global Green Power PLC Corporation, Philippines
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
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- Ambuja Cements Ltd - India
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- IEA Clean Coal Centre - UK
- Sical Logistics Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Pendopo Energi Batubara - Indonesia
- Meenaskhi Energy Private Limited - India
- Sindya Power Generating Company Private Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Ceylon Electricity Board - Sri Lanka
- GN Power Mariveles Coal Plant, Philippines
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- Dalmia Cement Bharat India
- Globalindo Alam Lestari - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
- San Jose City I Power Corp, Philippines
- Deloitte Consulting - India
- Eastern Coal Council - USA
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- Attock Cement Pakistan Limited
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- Altura Mining Limited, Indonesia
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- Videocon Industries ltd - India
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- Cement Manufacturers Association - India
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- Banpu Public Company Limited - Thailand
- Merrill Lynch Commodities Europe
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- SMG Consultants - Indonesia
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- The University of Queensland
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- Mintek Dendrill Indonesia
- Georgia Ports Authority, United States
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- Kumho Petrochemical, South Korea
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- Ministry of Finance - Indonesia
- Minerals Council of Australia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- MS Steel International - UAE
- Siam City Cement - Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Parliament of New Zealand
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- Anglo American - United Kingdom
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