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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, 17 December 10
NALCO SHORTLISTS COAL FIRMS FOR INDONESIA PROJECT - BUSINESS-STANDARD
Business-Standard reported that, State-owned NALCO today said it has shortlisted two firms for supply of coal for its Rs 18,000-crore (US$ 3,953,003 ...
Thursday, 16 December 10
LANCO BAGS AUSTRALIAN COAL MINER GRIFFITH - DNA
As part of its strategy to secure coal supplies for meeting its needs in expanding power generation capacities, infrastructure major Lanco Infratech ...
Thursday, 16 December 10
COAL INDIA IN TALKS WITH INDONESIAN CO TO BUY ITS COAL MINES - APN NEWS
APN News reported that, World’s largest coal producer Coal India is in talks with Indonesia’s Sinar Mas Group for acquiring coal mines i ...
Wednesday, 15 December 10
GOVT SETS NEW MINIMUM LEVEL FOR DOMESTIC MARKET SALES - THE JAKARTA POST
The Jakarta Post reported that, Indonesian coal producers are required to sell at least 24.17 percent of their production to the domestic market nex ...
Wednesday, 15 December 10
CAPESIZE RATES ARE NOW AT THEIR LOWEST LEVEL SINCE AUGUST
It was a repeat performance for the market this week, with another increase in earnings for the small sizes but a sharp drop for the Capes. Overall ...
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- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Mercator Lines Limited - India
- Parry Sugars Refinery, India
- Bukit Asam (Persero) Tbk - Indonesia
- Vizag Seaport Private Limited - India
- Anglo American - United Kingdom
- Sojitz Corporation - Japan
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jaiprakash Power Ventures ltd
- Intertek Mineral Services - Indonesia
- Videocon Industries ltd - India
- Planning Commission, India
- IHS Mccloskey Coal Group - USA
- Indonesian Coal Mining Association
- Ambuja Cements Ltd - India
- Karaikal Port Pvt Ltd - India
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
- Bharathi Cement Corporation - India
- CNBM International Corporation - China
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Rashtriya Ispat Nigam Limited - India
- Economic Council, Georgia
- Kartika Selabumi Mining - Indonesia
- Parliament of New Zealand
- Indika Energy - Indonesia
- Wood Mackenzie - Singapore
- Aditya Birla Group - India
- Minerals Council of Australia
- Kobexindo Tractors - Indoneisa
- TNB Fuel Sdn Bhd - Malaysia
- Iligan Light & Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Standard Chartered Bank - UAE
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- Therma Luzon, Inc, Philippines
- GVK Power & Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Metalloyd Limited - United Kingdom
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- Neyveli Lignite Corporation Ltd, - India
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
- Australian Commodity Traders Exchange
- Jorong Barutama Greston.PT - Indonesia
- Malabar Cements Ltd - India
- PowerSource Philippines DevCo
- Tata Chemicals Ltd - India
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
- San Jose City I Power Corp, Philippines
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- Makarim & Taira - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bayan Resources Tbk. - Indonesia
- LBH Netherlands Bv - Netherlands
- Deloitte Consulting - India
- Directorate Of Revenue Intelligence - India
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- SMG Consultants - Indonesia
- Meralco Power Generation, Philippines
- European Bulk Services B.V. - Netherlands
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- London Commodity Brokers - England
- Thai Mozambique Logistica
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Essar Steel Hazira Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Energy Link Ltd, New Zealand
- Indian Oil Corporation Limited
- Mjunction Services Limited - India
- Romanian Commodities Exchange
- Globalindo Alam Lestari - Indonesia
- PTC India Limited - India
- Holcim Trading Pte Ltd - Singapore
- Dalmia Cement Bharat India
- Ind-Barath Power Infra Limited - India
- Salva Resources Pvt Ltd - India
- Sakthi Sugars Limited - India
- Cement Manufacturers Association - India
- Siam City Cement PLC, Thailand
- Energy Development Corp, Philippines
- Siam City Cement - Thailand
- South Luzon Thermal Energy Corporation
- Merrill Lynch Commodities Europe
- Timah Investasi Mineral - Indoneisa
- Aboitiz Power Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Chettinad Cement Corporation Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- New Zealand Coal & Carbon
- AsiaOL BioFuels Corp., Philippines
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Heidelberg Cement - Germany
- Altura Mining Limited, Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- MS Steel International - UAE
- Electricity Authority, New Zealand
- Carbofer General Trading SA - India
- Kumho Petrochemical, South Korea
- Miang Besar Coal Terminal - Indonesia
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- Kepco SPC Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- Straits Asia Resources Limited - Singapore
- Xindia Steels Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- Commonwealth Bank - Australia
- Baramulti Group, Indonesia
- Renaissance Capital - South Africa
- Posco Energy - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Global Business Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- Port Waratah Coal Services - Australia
- Power Finance Corporation Ltd., India
- The State Trading Corporation of India Ltd
- Semirara Mining and Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- International Coal Ventures Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Thiess Contractors Indonesia
- Orica Australia Pty. Ltd.
- PetroVietnam Power Coal Import and Supply Company
- Kaltim Prima Coal - Indonesia
- Chamber of Mines of South Africa
- Wilmar Investment Holdings
- Binh Thuan Hamico - Vietnam
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Offshore Bulk Terminal Pte Ltd, Singapore
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- Barasentosa Lestari - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Sree Jayajothi Cements Limited - India
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Goldman Sachs - Singapore
- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- ICICI Bank Limited - India
- Global Green Power PLC Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Generating Authority of Thailand
- Lanco Infratech Ltd - India
- Petron Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Krishnapatnam Port Company Ltd. - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- SMC Global Power, Philippines
- Bukit Makmur.PT - Indonesia
- Banpu Public Company Limited - Thailand
- Bhoruka Overseas - Indonesia
- Trasteel International SA, Italy
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Samtan Co., Ltd - South Korea
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- Bhushan Steel Limited - India
- Sical Logistics Limited - India
- Attock Cement Pakistan Limited
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- ASAPP Information Group - India
- Australian Coal Association
- Savvy Resources Ltd - HongKong
- Independent Power Producers Association of India
- Alfred C Toepfer International GmbH - Germany
- Indogreen Group - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Pendopo Energi Batubara - Indonesia
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- Bukit Baiduri Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Ministry of Finance - Indonesia
- Ministry of Mines - Canada
- Formosa Plastics Group - Taiwan
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Transport, Egypt
- Singapore Mercantile Exchange
- Central Java Power - Indonesia
- Agrawal Coal Company - India
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