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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, 23 January 11
THE AVERAGE CHARTER RATE FOR CAPE SIZE VESSELS WAS AT $ 8,859 PD ALMOST CLOSE TO 2008 LOWS - VISTAAR
COALspot.com - The BDI continues to drop and saw a drop of about 5 pct this week closing at 1,370 points. “ In May 2010 the BDI touched ...
Saturday, 22 January 11
POSSIBLE COAL EXPORT RESTRICTIONS ON INDONESIA UNLIKELY TO AFFECT CHURCHILL MINING - PROACTIVE INVESTORS
Proactive Investors reported that, Churchill Mining moved to reassure investors after a fall in its share price, stating that from talks with the au ...
Thursday, 20 January 11
INDONESIA MAY BAN LOW-QUALITY COAL EXPORTS FROM 2014 - BLOOMBERG
Bloomberg reported that, The Indonesian government plans to ban exports of coal with an energy value of less than 5,600 kilocalories a kilogram star ...
Thursday, 20 January 11
SUPRAS ARE DOING USD 7- 8K FOR INDONESIA-INDIA - FEARNBULK
Handy
Negative sentiment for forward positions in the Atlantic market due to lack of cargo availability and too many ballasters from the East. Con ...
Thursday, 20 January 11
ITMG TARGETS TO PRODUCE 25 MILLION TONS OF COAL THIS YEAR - BISNIS INDONESIA
Bisnis Indonesia reported that, Coal producer PT Indo Tambangraya Megah Tbk (ITMG) targets to produce 25 million tons of coal this year, a 13. ...
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- Timah Investasi Mineral - Indoneisa
- Renaissance Capital - South Africa
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Siam City Cement - Thailand
- Bulk Trading Sa - Switzerland
- Kobexindo Tractors - Indoneisa
- Kideco Jaya Agung - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Global Business Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Barasentosa Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- Malabar Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Oldendorff Carriers - Singapore
- Interocean Group of Companies - India
- Jorong Barutama Greston.PT - Indonesia
- Salva Resources Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Australian Coal Association
- GAC Shipping (India) Pvt Ltd
- Toyota Tsusho Corporation, Japan
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- Energy Link Ltd, New Zealand
- Power Finance Corporation Ltd., India
- London Commodity Brokers - England
- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- Economic Council, Georgia
- Gujarat Sidhee Cement - India
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- Singapore Mercantile Exchange
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- New Zealand Coal & Carbon
- The State Trading Corporation of India Ltd
- Bukit Makmur.PT - Indonesia
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- Agrawal Coal Company - India
- Georgia Ports Authority, United States
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Wilmar Investment Holdings
- International Coal Ventures Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Iligan Light & Power Inc, Philippines
- Parliament of New Zealand
- Samtan Co., Ltd - South Korea
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Orica Mining Services - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Chettinad Cement Corporation Ltd - India
- IHS Mccloskey Coal Group - USA
- Deloitte Consulting - India
- The Treasury - Australian Government
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Larsen & Toubro Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
- Vedanta Resources Plc - India
- Bahari Cakrawala Sebuku - Indonesia
- South Luzon Thermal Energy Corporation
- Petron Corporation, Philippines
- Indika Energy - Indonesia
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- Goldman Sachs - Singapore
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- Metalloyd Limited - United Kingdom
- Medco Energi Mining Internasional
- Bharathi Cement Corporation - India
- India Bulls Power Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Kumho Petrochemical, South Korea
- GMR Energy Limited - India
- Ind-Barath Power Infra Limited - India
- Binh Thuan Hamico - Vietnam
- Aboitiz Power Corporation - Philippines
- Trasteel International SA, Italy
- Pipit Mutiara Jaya. PT, Indonesia
- Carbofer General Trading SA - India
- Latin American Coal - Colombia
- Ministry of Mines - Canada
- Mjunction Services Limited - India
- Minerals Council of Australia
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- Kepco SPC Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Maheswari Brothers Coal Limited - India
- Kapuas Tunggal Persada - Indonesia
- Tamil Nadu electricity Board
- Directorate Of Revenue Intelligence - India
- Directorate General of MIneral and Coal - Indonesia
- CIMB Investment Bank - Malaysia
- CNBM International Corporation - China
- Romanian Commodities Exchange
- Bhatia International Limited - India
- Energy Development Corp, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Uttam Galva Steels Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Savvy Resources Ltd - HongKong
- Wood Mackenzie - Singapore
- Formosa Plastics Group - Taiwan
- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Billiton Holdings Pty Ltd - Australia
- Edison Trading Spa - Italy
- Xindia Steels Limited - India
- Heidelberg Cement - Germany
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- Bhoruka Overseas - Indonesia
- Bhushan Steel Limited - India
- Jindal Steel & Power Ltd - India
- PowerSource Philippines DevCo
- Therma Luzon, Inc, Philippines
- Simpson Spence & Young - Indonesia
- Jaiprakash Power Ventures ltd
- Bangladesh Power Developement Board
- Planning Commission, India
- TeaM Sual Corporation - Philippines
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- MS Steel International - UAE
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- IEA Clean Coal Centre - UK
- Mercuria Energy - Indonesia
- Posco Energy - South Korea
- Sree Jayajothi Cements Limited - India
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- ASAPP Information Group - India
- Indian Oil Corporation Limited
- Tata Chemicals Ltd - India
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- European Bulk Services B.V. - Netherlands
- Sindya Power Generating Company Private Ltd
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- Cement Manufacturers Association - India
- Baramulti Group, Indonesia
- Sojitz Corporation - Japan
- Central Electricity Authority - India
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement PLC, Thailand
- Sarangani Energy Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- PTC India Limited - India
- Indogreen Group - Indonesia
- Antam Resourcindo - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- OPG Power Generation Pvt Ltd - India
- San Jose City I Power Corp, Philippines
- Sical Logistics Limited - India
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Indo Tambangraya Megah - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Standard Chartered Bank - UAE
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- The University of Queensland
- Coastal Gujarat Power Limited - India
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