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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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Wednesday, 01 September 10
JAKARTA TO HOST MAJOR INTERNATIONAL MINING EVENT
COALspot.com: (Press Release) In October 2010, the Indonesian Mining Association (IMA) and the Indonesian Coal Mining Association (APBI) will host t ...
Tuesday, 31 August 10
CIL MAY SET UP POWER PLANT TO UTILIZE EXCESS COAL
The Economic Times reported that, the world's largest coal producer Coal India Ltd (CIL) said it may consider setting up power plants in the countr ...
Tuesday, 31 August 10
NALCO SEEKS STAKES IN INDONESIAN COAL MINES
Economic Times reported that, National Aluminium Co. Ltd said on Tuesday it wants to buy stakes in Indonesian coal mines to secure supplies fo ...
Tuesday, 31 August 10
CAPESIZE RATES ON VOLATILE MOVEMENT
With Monday a holiday for London’s stockmarket (Bank Holiday), the dry bulk market took a breather before presenting ship owners and charterer ...
Monday, 30 August 10
MUNDRA PORT BEGINS OPERATIONS AT NEW TERMINAL IN GUJARAT
Economic Times reported that, Adani group firm Mundra Port has commenced operations at its 20-million tonnes port at Dahej in Gujarat, the company s ...
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- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Singapore Mercantile Exchange
- White Energy Company Limited
- Intertek Mineral Services - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Merrill Lynch Commodities Europe
- Karbindo Abesyapradhi - Indoneisa
- Thai Mozambique Logistica
- Bayan Resources Tbk. - Indonesia
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- Pendopo Energi Batubara - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ind-Barath Power Infra Limited - India
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- Gujarat Sidhee Cement - India
- Goldman Sachs - Singapore
- Anglo American - United Kingdom
- Bulk Trading Sa - Switzerland
- Asmin Koalindo Tuhup - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
- Tamil Nadu electricity Board
- Marubeni Corporation - India
- SN Aboitiz Power Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- CNBM International Corporation - China
- India Bulls Power Limited - India
- Ambuja Cements Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- TNB Fuel Sdn Bhd - Malaysia
- Medco Energi Mining Internasional
- Commonwealth Bank - Australia
- Planning Commission, India
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- Binh Thuan Hamico - Vietnam
- Bangladesh Power Developement Board
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- Miang Besar Coal Terminal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Central Electricity Authority - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Gujarat Electricity Regulatory Commission - India
- Xindia Steels Limited - India
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- Bharathi Cement Corporation - India
- Latin American Coal - Colombia
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- Vedanta Resources Plc - India
- AsiaOL BioFuels Corp., Philippines
- Mintek Dendrill Indonesia
- Global Business Power Corporation, Philippines
- San Jose City I Power Corp, Philippines
- Aboitiz Power Corporation - Philippines
- Mercator Lines Limited - India
- Posco Energy - South Korea
- Maheswari Brothers Coal Limited - India
- Salva Resources Pvt Ltd - India
- MS Steel International - UAE
- Ministry of Transport, Egypt
- Power Finance Corporation Ltd., India
- Kartika Selabumi Mining - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bukit Makmur.PT - Indonesia
- Bukit Baiduri Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- McConnell Dowell - Australia
- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- South Luzon Thermal Energy Corporation
- Rio Tinto Coal - Australia
- Antam Resourcindo - Indonesia
- Kepco SPC Power Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Maharashtra Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- Straits Asia Resources Limited - Singapore
- Semirara Mining and Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Oldendorff Carriers - Singapore
- Energy Development Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Chamber of Mines of South Africa
- CIMB Investment Bank - Malaysia
- Jaiprakash Power Ventures ltd
- Directorate General of MIneral and Coal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Jindal Steel & Power Ltd - India
- Meralco Power Generation, Philippines
- Port Waratah Coal Services - Australia
- Baramulti Group, Indonesia
- Sindya Power Generating Company Private Ltd
- GVK Power & Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Orica Mining Services - Indonesia
- Mjunction Services Limited - India
- Borneo Indobara - Indonesia
- Deloitte Consulting - India
- PowerSource Philippines DevCo
- SMC Global Power, Philippines
- Kobexindo Tractors - Indoneisa
- Kapuas Tunggal Persada - Indonesia
- PTC India Limited - India
- Meenaskhi Energy Private Limited - India
- PNOC Exploration Corporation - Philippines
- Sarangani Energy Corporation, Philippines
- Vizag Seaport Private Limited - India
- Samtan Co., Ltd - South Korea
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Kideco Jaya Agung - Indonesia
- Heidelberg Cement - Germany
- Coal and Oil Company - UAE
- Attock Cement Pakistan Limited
- Formosa Plastics Group - Taiwan
- Tata Chemicals Ltd - India
- ASAPP Information Group - India
- Madhucon Powers Ltd - India
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Indonesian Coal Mining Association
- London Commodity Brokers - England
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ministry of Finance - Indonesia
- Makarim & Taira - Indonesia
- Aditya Birla Group - India
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- IHS Mccloskey Coal Group - USA
- Timah Investasi Mineral - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- ICICI Bank Limited - India
- Dalmia Cement Bharat India
- Bhushan Steel Limited - India
- VISA Power Limited - India
- Sree Jayajothi Cements Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Indogreen Group - Indonesia
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Indian Oil Corporation Limited
- PetroVietnam Power Coal Import and Supply Company
- Price Waterhouse Coopers - Russia
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- Parliament of New Zealand
- The University of Queensland
- Bhatia International Limited - India
- Coastal Gujarat Power Limited - India
- Parry Sugars Refinery, India
- Sojitz Corporation - Japan
- GMR Energy Limited - India
- Agrawal Coal Company - India
- Kohat Cement Company Ltd. - Pakistan
- Coalindo Energy - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bahari Cakrawala Sebuku - Indonesia
- Sakthi Sugars Limited - India
- Altura Mining Limited, Indonesia
- Uttam Galva Steels Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Coal Council - USA
- Cigading International Bulk Terminal - Indonesia
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- Barasentosa Lestari - Indonesia
- Siam City Cement - Thailand
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Australian Commodity Traders Exchange
- Iligan Light & Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Mercuria Energy - Indonesia
- Romanian Commodities Exchange
- Independent Power Producers Association of India
- Economic Council, Georgia
- LBH Netherlands Bv - Netherlands
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