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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, 03 December 10
INDONESIAN LOW RANK COAL IS ATTRACTING COAL BUYERS FROM INDIA AND CHINA
COALspot.com - Bhakti Energi Persada has sold out its whole coal production until the end of 2011, Jeffry Mulyono said during McCloskey Asia P ...
Thursday, 02 December 10
INDIA'S COAL SHORTAGE TO DEEPEN NEXT YEAR - MONEY CONTROL
Money Control reported that, India's coal deficit will deepen sharply next year, its coal minister said on Tuesday, forcing Asia's third largest e ...
Thursday, 02 December 10
CIL INCHES CLOSER TO PEABODY STAKE DEAL - THE TELEGRAPH INDIA
The Telegraph India reported that, state-run Coal India Ltd (CIL) hopes to complete negotiations to buy over 10 per cent in Australian miner Peabody ...
Thursday, 02 December 10
DRY BULK MARKET WEIGHED DOWN BY CAPESIZE BLUES - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The negative sentiment currently undergoing in the capesize market has kept the dry bulk market’s benchmark, the Baltic Dry Index (BDI) on the ...
Monday, 29 November 10
NUCLEAR SUPERTANKERS TO SHAKE UP SHIPPING - THIS IS MONEY
This is money reported that, plans are under way that could see nuclear-powered supertankers sailing the world’s shipping lanes, refuelling on ...
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- Borneo Indobara - Indonesia
- GMR Energy Limited - India
- GVK Power & Infra Limited - India
- Star Paper Mills Limited - India
- Power Finance Corporation Ltd., India
- Mercator Lines Limited - India
- Chamber of Mines of South Africa
- SMG Consultants - Indonesia
- White Energy Company Limited
- Sarangani Energy Corporation, Philippines
- Kobexindo Tractors - Indoneisa
- Bhatia International Limited - India
- Australian Commodity Traders Exchange
- Intertek Mineral Services - Indonesia
- Sojitz Corporation - Japan
- Central Electricity Authority - India
- Savvy Resources Ltd - HongKong
- Indian Energy Exchange, India
- PTC India Limited - India
- SMC Global Power, Philippines
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- Bukit Baiduri Energy - Indonesia
- Coalindo Energy - Indonesia
- Parliament of New Zealand
- Vizag Seaport Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Pipit Mutiara Jaya. PT, Indonesia
- LBH Netherlands Bv - Netherlands
- Salva Resources Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Global Business Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Neyveli Lignite Corporation Ltd, - India
- Tata Chemicals Ltd - India
- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- Billiton Holdings Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Attock Cement Pakistan Limited
- Commonwealth Bank - Australia
- Kumho Petrochemical, South Korea
- Coastal Gujarat Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- Planning Commission, India
- Indonesian Coal Mining Association
- Bukit Asam (Persero) Tbk - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Pendopo Energi Batubara - Indonesia
- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- Carbofer General Trading SA - India
- Anglo American - United Kingdom
- Asmin Koalindo Tuhup - Indonesia
- Heidelberg Cement - Germany
- Grasim Industreis Ltd - India
- Ministry of Mines - Canada
- Altura Mining Limited, Indonesia
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Oldendorff Carriers - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Goldman Sachs - Singapore
- Mjunction Services Limited - India
- Chettinad Cement Corporation Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Manunggal Multi Energi - Indonesia
- Sree Jayajothi Cements Limited - India
- AsiaOL BioFuels Corp., Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Australian Coal Association
- Renaissance Capital - South Africa
- Latin American Coal - Colombia
- Xindia Steels Limited - India
- Kapuas Tunggal Persada - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Makarim & Taira - Indonesia
- Banpu Public Company Limited - Thailand
- TeaM Sual Corporation - Philippines
- Wood Mackenzie - Singapore
- Central Java Power - Indonesia
- Binh Thuan Hamico - Vietnam
- Gujarat Electricity Regulatory Commission - India
- European Bulk Services B.V. - Netherlands
- Eastern Energy - Thailand
- Cigading International Bulk Terminal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- OPG Power Generation Pvt Ltd - India
- Parry Sugars Refinery, India
- Semirara Mining Corp, Philippines
- Georgia Ports Authority, United States
- Indian Oil Corporation Limited
- Thai Mozambique Logistica
- Meenaskhi Energy Private Limited - India
- Sical Logistics Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Rashtriya Ispat Nigam Limited - India
- Baramulti Group, Indonesia
- Thiess Contractors Indonesia
- Globalindo Alam Lestari - Indonesia
- Rio Tinto Coal - Australia
- Electricity Authority, New Zealand
- McConnell Dowell - Australia
- The University of Queensland
- Marubeni Corporation - India
- Aboitiz Power Corporation - Philippines
- Global Green Power PLC Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Posco Energy - South Korea
- CNBM International Corporation - China
- Kalimantan Lumbung Energi - Indonesia
- The Treasury - Australian Government
- Larsen & Toubro Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Formosa Plastics Group - Taiwan
- Lanco Infratech Ltd - India
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- Samtan Co., Ltd - South Korea
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Ministry of Transport, Egypt
- Kepco SPC Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Therma Luzon, Inc, Philippines
- Electricity Generating Authority of Thailand
- Essar Steel Hazira Ltd - India
- Sindya Power Generating Company Private Ltd
- New Zealand Coal & Carbon
- Energy Development Corp, Philippines
- Coal and Oil Company - UAE
- Indika Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Bhoruka Overseas - Indonesia
- IEA Clean Coal Centre - UK
- Bangladesh Power Developement Board
- Africa Commodities Group - South Africa
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Sakthi Sugars Limited - India
- Indo Tambangraya Megah - Indonesia
- VISA Power Limited - India
- Mintek Dendrill Indonesia
- Jindal Steel & Power Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- Medco Energi Mining Internasional
- Karbindo Abesyapradhi - Indoneisa
- Independent Power Producers Association of India
- Trasteel International SA, Italy
- MS Steel International - UAE
- Riau Bara Harum - Indonesia
- Singapore Mercantile Exchange
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Videocon Industries ltd - India
- Maheswari Brothers Coal Limited - India
- Wilmar Investment Holdings
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Semirara Mining and Power Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- ICICI Bank Limited - India
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Malabar Cements Ltd - India
- Economic Council, Georgia
- Leighton Contractors Pty Ltd - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Bharathi Cement Corporation - India
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Gujarat Sidhee Cement - India
- Uttam Galva Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Deloitte Consulting - India
- Port Waratah Coal Services - Australia
- TNB Fuel Sdn Bhd - Malaysia
- Ceylon Electricity Board - Sri Lanka
- San Jose City I Power Corp, Philippines
- Madhucon Powers Ltd - India
- GAC Shipping (India) Pvt Ltd
- London Commodity Brokers - England
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- Indogreen Group - Indonesia
- Mercuria Energy - Indonesia
- Minerals Council of Australia
- PetroVietnam Power Coal Import and Supply Company
- Energy Link Ltd, New Zealand
- Bhushan Steel Limited - India
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
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