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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, 07 January 11
SRI LANKA NEW PORT TO OFFER SHIP FUEL IN MAY - LBO
LOB reported that, The Sri Lanka Ports Authority (SLPA) plans to start bunkering or ship fuel operations at a new port in southern Hambantota in May ...
Friday, 07 January 11
DRY BULK MARKET ON A FREEFALL, AS THE NEW YEAR EARLY DAYS DONT BRING MANY CHEERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is facing its worst slump in more than two years, falling by 4.75% yesterday to reach 1,544 points, on top of an additional 4.2% ...
Thursday, 06 January 11
OVERSEAS & GENERAL SIGNS AGREEMENT TO EXPAND FOOTPRINT ON COAL LEASE IN INDONESIA - PROACTIVE INVESTORS
Proactive Investors reported that, Overseas & General (ASX: OGL) has entered into a joint operating agreement on the Jambi Coal Lease in Sumatra ...
Thursday, 06 January 11
BANPU EXPECTS ROSY 2011 AS COAL PRICES SKYROCKET - BANGKOK POST
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, expects minimal impact from the production stoppage at its Daning mine in China ...
Thursday, 06 January 11
COKING COAL CONTRACT PRICE MAY RISE 33% ON AUSTRALIAN FLOODS - BLOOMBERG
Bloomberg reported that, Steelmakers in Asia may be forced to pay as much as 33 percent more for hard coking coal after the worst floods in 50 years ...
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- Eastern Energy - Thailand
- Ministry of Mines - Canada
- Electricity Authority, New Zealand
- Merrill Lynch Commodities Europe
- PetroVietnam Power Coal Import and Supply Company
- MS Steel International - UAE
- Kartika Selabumi Mining - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Orica Australia Pty. Ltd.
- ASAPP Information Group - India
- Indo Tambangraya Megah - Indonesia
- Economic Council, Georgia
- Kideco Jaya Agung - Indonesia
- Uttam Galva Steels Limited - India
- Orica Mining Services - Indonesia
- Medco Energi Mining Internasional
- European Bulk Services B.V. - Netherlands
- The State Trading Corporation of India Ltd
- India Bulls Power Limited - India
- CIMB Investment Bank - Malaysia
- Attock Cement Pakistan Limited
- Karbindo Abesyapradhi - Indoneisa
- Indian Energy Exchange, India
- Petron Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- Videocon Industries ltd - India
- Bangladesh Power Developement Board
- Gujarat Electricity Regulatory Commission - India
- Dalmia Cement Bharat India
- Wood Mackenzie - Singapore
- IEA Clean Coal Centre - UK
- Global Coal Blending Company Limited - Australia
- Georgia Ports Authority, United States
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Gujarat Sidhee Cement - India
- Makarim & Taira - Indonesia
- Xindia Steels Limited - India
- Bayan Resources Tbk. - Indonesia
- Globalindo Alam Lestari - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Singapore Mercantile Exchange
- Ind-Barath Power Infra Limited - India
- Metalloyd Limited - United Kingdom
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Energy Development Corp, Philippines
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Malabar Cements Ltd - India
- Maheswari Brothers Coal Limited - India
- Minerals Council of Australia
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Maharashtra Electricity Regulatory Commission - India
- Asmin Koalindo Tuhup - Indonesia
- Coal and Oil Company - UAE
- Manunggal Multi Energi - Indonesia
- Riau Bara Harum - Indonesia
- Ministry of Finance - Indonesia
- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- Marubeni Corporation - India
- International Coal Ventures Pvt Ltd - India
- PTC India Limited - India
- Straits Asia Resources Limited - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Krishnapatnam Port Company Ltd. - India
- Petrochimia International Co. Ltd.- Taiwan
- Power Finance Corporation Ltd., India
- Agrawal Coal Company - India
- Jindal Steel & Power Ltd - India
- Bhushan Steel Limited - India
- Edison Trading Spa - Italy
- Mercuria Energy - Indonesia
- Sarangani Energy Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- Romanian Commodities Exchange
- Meralco Power Generation, Philippines
- Bharathi Cement Corporation - India
- Sical Logistics Limited - India
- Bhatia International Limited - India
- Chettinad Cement Corporation Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- Directorate General of MIneral and Coal - Indonesia
- Meenaskhi Energy Private Limited - India
- Karaikal Port Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Latin American Coal - Colombia
- Parry Sugars Refinery, India
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- White Energy Company Limited
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The University of Queensland
- Posco Energy - South Korea
- Global Business Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- CNBM International Corporation - China
- Sojitz Corporation - Japan
- Binh Thuan Hamico - Vietnam
- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- VISA Power Limited - India
- IHS Mccloskey Coal Group - USA
- Global Green Power PLC Corporation, Philippines
- Planning Commission, India
- Formosa Plastics Group - Taiwan
- Rashtriya Ispat Nigam Limited - India
- Indian Oil Corporation Limited
- Vedanta Resources Plc - India
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- Goldman Sachs - Singapore
- GAC Shipping (India) Pvt Ltd
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- South Luzon Thermal Energy Corporation
- San Jose City I Power Corp, Philippines
- Salva Resources Pvt Ltd - India
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- Tata Chemicals Ltd - India
- Aditya Birla Group - India
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Vizag Seaport Private Limited - India
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- Bukit Asam (Persero) Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- SMG Consultants - Indonesia
- Central Java Power - Indonesia
- Bulk Trading Sa - Switzerland
- Sindya Power Generating Company Private Ltd
- Kalimantan Lumbung Energi - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Essar Steel Hazira Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Directorate Of Revenue Intelligence - India
- Kobexindo Tractors - Indoneisa
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- TeaM Sual Corporation - Philippines
- Kaltim Prima Coal - Indonesia
- Oldendorff Carriers - Singapore
- Sakthi Sugars Limited - India
- Indonesian Coal Mining Association
- Interocean Group of Companies - India
- Parliament of New Zealand
- Offshore Bulk Terminal Pte Ltd, Singapore
- PowerSource Philippines DevCo
- LBH Netherlands Bv - Netherlands
- PNOC Exploration Corporation - Philippines
- Altura Mining Limited, Indonesia
- Miang Besar Coal Terminal - Indonesia
- London Commodity Brokers - England
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Africa Commodities Group - South Africa
- OPG Power Generation Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Australian Coal Association
- Tamil Nadu electricity Board
- Therma Luzon, Inc, Philippines
- Central Electricity Authority - India
- Bhoruka Overseas - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Grasim Industreis Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Price Waterhouse Coopers - Russia
- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Jorong Barutama Greston.PT - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
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