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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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Monday, 06 September 10
DRY BULK MARKET GAINS 6.05% ON WEEK, BOOSTED BY CAPESIZE VESSELS
The dry bulk market is looking to capitalize last week’s gains of more than 6 percent in this week, as the capesize segment seems to be on a h ...
Sunday, 05 September 10
HARUM ENERGY EYES 7.4 MILION TONS OF COAL OUTPUT IN 2010
Indonesia's coal miner PT Harum Energy Tbk, controlled by Indonesian tycoon Kiki Barki, is eyeing 7.4 million tons of coal production in 2010, a 27 ...
Sunday, 05 September 10
THE FREIGHT MARKET WAS BIT VOLATILE WITH NO CLEAR INDICATION OF THE MARKET - CAPT REDDY
COALsopot.com: The freight market was bit volatile with no clear indication of the market.
However the BDI continued the upward trend mainly due ...
Sunday, 05 September 10
NOROCHCHOLAI POWER PLANT TO BE COMMISSIONED ON JANUARY 1
Daily news reported that, the Norochcholai coal power plant will be commissioned on January 1, 2011 adding 300 megawatts to the national power grid ...
Friday, 03 September 10
BANPU CUTS INDONESIAN HOLDING BUT ITM REMAINS KEY STRATEGIC UNIT - BANGKOK POST
"SET-listed Banpu Plc, Asean's largest coal miner, yesterday announced the sale of an 8.72% stake in its listed coalmining holding company in ...
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- Oldendorff Carriers - Singapore
- Commonwealth Bank - Australia
- Eastern Coal Council - USA
- Anglo American - United Kingdom
- Global Business Power Corporation, Philippines
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- LBH Netherlands Bv - Netherlands
- SMG Consultants - Indonesia
- Bhushan Steel Limited - India
- Electricity Generating Authority of Thailand
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Manunggal Multi Energi - Indonesia
- Bhoruka Overseas - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- GAC Shipping (India) Pvt Ltd
- Binh Thuan Hamico - Vietnam
- Mercuria Energy - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Central Electricity Authority - India
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- Alfred C Toepfer International GmbH - Germany
- Kalimantan Lumbung Energi - Indonesia
- Metalloyd Limited - United Kingdom
- Latin American Coal - Colombia
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- Sarangani Energy Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- Iligan Light & Power Inc, Philippines
- Gujarat Sidhee Cement - India
- Economic Council, Georgia
- SN Aboitiz Power Inc, Philippines
- Dalmia Cement Bharat India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rio Tinto Coal - Australia
- Agrawal Coal Company - India
- Romanian Commodities Exchange
- Siam City Cement - Thailand
- PTC India Limited - India
- Chettinad Cement Corporation Ltd - India
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- VISA Power Limited - India
- Indika Energy - Indonesia
- Sree Jayajothi Cements Limited - India
- Africa Commodities Group - South Africa
- Posco Energy - South Korea
- Sindya Power Generating Company Private Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Baiduri Energy - Indonesia
- CNBM International Corporation - China
- Pipit Mutiara Jaya. PT, Indonesia
- Bukit Makmur.PT - Indonesia
- Planning Commission, India
- Star Paper Mills Limited - India
- Coastal Gujarat Power Limited - India
- Port Waratah Coal Services - Australia
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- Semirara Mining and Power Corporation, Philippines
- Orica Australia Pty. Ltd.
- Central Java Power - Indonesia
- Tata Chemicals Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Maheswari Brothers Coal Limited - India
- Bayan Resources Tbk. - Indonesia
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Chamber of Mines of South Africa
- Siam City Cement PLC, Thailand
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- The Treasury - Australian Government
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Oil Corporation Limited
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Indogreen Group - Indonesia
- The University of Queensland
- ASAPP Information Group - India
- India Bulls Power Limited - India
- Sical Logistics Limited - India
- AsiaOL BioFuels Corp., Philippines
- Global Green Power PLC Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Simpson Spence & Young - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- Timah Investasi Mineral - Indoneisa
- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Vijayanagar Sugar Pvt Ltd - India
- Baramulti Group, Indonesia
- Singapore Mercantile Exchange
- Minerals Council of Australia
- Videocon Industries ltd - India
- Thiess Contractors Indonesia
- Samtan Co., Ltd - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Xindia Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- GMR Energy Limited - India
- Indian Energy Exchange, India
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- Leighton Contractors Pty Ltd - Australia
- Coalindo Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Malabar Cements Ltd - India
- Petron Corporation, Philippines
- South Luzon Thermal Energy Corporation
- Parry Sugars Refinery, India
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- PowerSource Philippines DevCo
- Deloitte Consulting - India
- Salva Resources Pvt Ltd - India
- Energy Development Corp, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Coal and Oil Company - UAE
- Formosa Plastics Group - Taiwan
- Cement Manufacturers Association - India
- Mercator Lines Limited - India
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- Kobexindo Tractors - Indoneisa
- Tamil Nadu electricity Board
- Madhucon Powers Ltd - India
- Mjunction Services Limited - India
- Eastern Energy - Thailand
- Intertek Mineral Services - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Vedanta Resources Plc - India
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- Medco Energi Mining Internasional
- Georgia Ports Authority, United States
- Thai Mozambique Logistica
- Therma Luzon, Inc, Philippines
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Bulk Trading Sa - Switzerland
- Global Coal Blending Company Limited - Australia
- Holcim Trading Pte Ltd - Singapore
- Barasentosa Lestari - Indonesia
- Sojitz Corporation - Japan
- London Commodity Brokers - England
- Attock Cement Pakistan Limited
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- Price Waterhouse Coopers - Russia
- Electricity Authority, New Zealand
- Bharathi Cement Corporation - India
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- Toyota Tsusho Corporation, Japan
- International Coal Ventures Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Parliament of New Zealand
- New Zealand Coal & Carbon
- Banpu Public Company Limited - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- GVK Power & Infra Limited - India
- Vizag Seaport Private Limited - India
- Power Finance Corporation Ltd., India
- Antam Resourcindo - Indonesia
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Standard Chartered Bank - UAE
- Essar Steel Hazira Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Carbofer General Trading SA - India
- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- SMC Global Power, Philippines
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