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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, 20 January 11
DRY BULK MARKETS FALL SEES NO END - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
Pundits indicating that the dry bulk market’s sentiment remains weak were justified, as the industry’s benchmark, the Baltic Dry Index ( ...
Wednesday, 19 January 11
DRY BULK MARKET HAS BOTTOMED OUT, AS WEATHER IN AUSTRALIA DIALS DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has finally halted its plunge, after a devastating week of yet more losses. The industry’s benchmark, the Baltic Dry Index ...
Tuesday, 18 January 11
MINISTRY SEEKS COAL FROM INDONESIA - SUNDAY OBSERVER
Sunday Observer reported that, Ministry of Power and Energy is to explore the possibilities of importing quality coal from Indonesia.
Minister Pa ...
Tuesday, 18 January 11
DRY BULK MARKET HAS BOTTOMED OUT, AS WEATHER IN AUSTRALIA DIALS DOWN - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has finally halted its plunge, after a devastating week of yet more losses. The industry’s benchmark, the Baltic Dry Index ...
Sunday, 16 January 11
STANCHART GLOBAL RESEARCH SEES COAL PRICE RISING ON SUPPLY DISRUPTION - BURSA MALAYSIA MARKET NEWS
Bursa Malaysia Market News reported that, Standard Chartered Global Research has upgraded its 2011 forecasts for global thermal coal prices based on ...
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- MS Steel International - UAE
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- Marubeni Corporation - India
- PNOC Exploration Corporation - Philippines
- Holcim Trading Pte Ltd - Singapore
- Borneo Indobara - Indonesia
- GVK Power & Infra Limited - India
- Cement Manufacturers Association - India
- Africa Commodities Group - South Africa
- Ceylon Electricity Board - Sri Lanka
- Central Java Power - Indonesia
- Altura Mining Limited, Indonesia
- South Luzon Thermal Energy Corporation
- Banpu Public Company Limited - Thailand
- Ministry of Mines - Canada
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Rashtriya Ispat Nigam Limited - India
- Mercator Lines Limited - India
- Mintek Dendrill Indonesia
- The Treasury - Australian Government
- Latin American Coal - Colombia
- Karaikal Port Pvt Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Standard Chartered Bank - UAE
- Australian Commodity Traders Exchange
- Lanco Infratech Ltd - India
- Barasentosa Lestari - Indonesia
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- Posco Energy - South Korea
- Chettinad Cement Corporation Ltd - India
- Australian Coal Association
- Jindal Steel & Power Ltd - India
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- Malabar Cements Ltd - India
- VISA Power Limited - India
- Electricity Authority, New Zealand
- Bukit Makmur.PT - Indonesia
- Indika Energy - Indonesia
- Aditya Birla Group - India
- Independent Power Producers Association of India
- Star Paper Mills Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Siam City Cement - Thailand
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Vizag Seaport Private Limited - India
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- GMR Energy Limited - India
- Thai Mozambique Logistica
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Toyota Tsusho Corporation, Japan
- Central Electricity Authority - India
- Timah Investasi Mineral - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Planning Commission, India
- Kaltim Prima Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Iligan Light & Power Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Wood Mackenzie - Singapore
- Simpson Spence & Young - Indonesia
- Bukit Baiduri Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Savvy Resources Ltd - HongKong
- Cigading International Bulk Terminal - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Indonesian Coal Mining Association
- Bangladesh Power Developement Board
- Larsen & Toubro Limited - India
- The State Trading Corporation of India Ltd
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
- Port Waratah Coal Services - Australia
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- IEA Clean Coal Centre - UK
- San Jose City I Power Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Dalmia Cement Bharat India
- European Bulk Services B.V. - Netherlands
- Kobexindo Tractors - Indoneisa
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- Videocon Industries ltd - India
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Mercuria Energy - Indonesia
- London Commodity Brokers - England
- Samtan Co., Ltd - South Korea
- Anglo American - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- Indian Oil Corporation Limited
- Ambuja Cements Ltd - India
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- ICICI Bank Limited - India
- Sarangani Energy Corporation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parry Sugars Refinery, India
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- Renaissance Capital - South Africa
- Singapore Mercantile Exchange
- SMC Global Power, Philippines
- Georgia Ports Authority, United States
- TNB Fuel Sdn Bhd - Malaysia
- Chamber of Mines of South Africa
- Price Waterhouse Coopers - Russia
- International Coal Ventures Pvt Ltd - India
- Indian Energy Exchange, India
- India Bulls Power Limited - India
- Coalindo Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- Carbofer General Trading SA - India
- IHS Mccloskey Coal Group - USA
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- New Zealand Coal & Carbon
- Asmin Koalindo Tuhup - Indonesia
- CIMB Investment Bank - Malaysia
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate Of Revenue Intelligence - India
- OPG Power Generation Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Offshore Bulk Terminal Pte Ltd, Singapore
- Grasim Industreis Ltd - India
- Ind-Barath Power Infra Limited - India
- Semirara Mining and Power Corporation, Philippines
- Merrill Lynch Commodities Europe
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Rio Tinto Coal - Australia
- Meenaskhi Energy Private Limited - India
- Deloitte Consulting - India
- Sree Jayajothi Cements Limited - India
- Straits Asia Resources Limited - Singapore
- Baramulti Group, Indonesia
- McConnell Dowell - Australia
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- Manunggal Multi Energi - Indonesia
- Salva Resources Pvt Ltd - India
- TeaM Sual Corporation - Philippines
- Leighton Contractors Pty Ltd - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Coastal Gujarat Power Limited - India
- Parliament of New Zealand
- Neyveli Lignite Corporation Ltd, - India
- PTC India Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Orica Mining Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indo Tambangraya Megah - Indonesia
- Aboitiz Power Corporation - Philippines
- Tata Chemicals Ltd - India
- Minerals Council of Australia
- Eastern Energy - Thailand
- Global Business Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Kohat Cement Company Ltd. - Pakistan
- ASAPP Information Group - India
- Thiess Contractors Indonesia
- Krishnapatnam Port Company Ltd. - India
- Riau Bara Harum - Indonesia
- Romanian Commodities Exchange
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