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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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Tuesday, 17 August 10
HANDIES AND SUPRAS WOKE UP AGAIN AFTER SEVERAL WEEKS OF LETHARGY - BRS
A spectacular increase in Cape size rates pushed the BDI up more than 20% this week, with demand for prompt tonnage in the Pacific causing a major s ...
Monday, 16 August 10
INDIA'S TNPL TO SUPPORT TNEB WITH COAL SUPPLIES
COALspot.com: TNPL to award 300,000 MT of coal supply contract to Nehel General Trading of India. Tamil Nadu state undertaking , Tamil N ...
Monday, 16 August 10
INDONESIA'S PLN SECURED COAL SUPPLIES, LESS IMPACT BY RAINS
COALspot.com: Indonesian State Electricity Company, PT Perusahaan Listrik Negara (PLN), has secured coal supplies for all of its power plants except ...
Sunday, 15 August 10
THE FREIGHT MARKET IS EXPECTED TO REMAIN FIRM - CAPT REDDY
COALspot.com: The BDI rose by almost 22 pct despite peak holiday season which is usually quite market , where as the BCI up sharply by 46 pct which ...
Saturday, 14 August 10
INDONESIAN THERMAL COAL PRICES EXPECTED TO MOVE UP IN SEPTEMBER 2010 - CHAIRMAN ICMA
COALspot.com: Indonesian Coal Mining Association is expecting, the Indonesian and international coal prices will increase, and will be reached ...
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- Bhoruka Overseas - Indonesia
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- International Coal Ventures Pvt Ltd - India
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- Standard Chartered Bank - UAE
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- Madhucon Powers Ltd - India
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- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
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- Miang Besar Coal Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
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- The Treasury - Australian Government
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- Semirara Mining Corp, Philippines
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- The University of Queensland
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- Billiton Holdings Pty Ltd - Australia
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- VISA Power Limited - India
- London Commodity Brokers - England
- Tata Chemicals Ltd - India
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- Eastern Coal Council - USA
- Parry Sugars Refinery, India
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- Wilmar Investment Holdings
- Electricity Authority, New Zealand
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- ICICI Bank Limited - India
- New Zealand Coal & Carbon
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- Makarim & Taira - Indonesia
- Vizag Seaport Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Kartika Selabumi Mining - Indonesia
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- The State Trading Corporation of India Ltd
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- Sinarmas Energy and Mining - Indonesia
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- Grasim Industreis Ltd - India
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- Planning Commission, India
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- Barasentosa Lestari - Indonesia
- Dalmia Cement Bharat India
- Meenaskhi Energy Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Straits Asia Resources Limited - Singapore
- Binh Thuan Hamico - Vietnam
- Kepco SPC Power Corporation, Philippines
- Indian Oil Corporation Limited
- Manunggal Multi Energi - Indonesia
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- Intertek Mineral Services - Indonesia
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- Ambuja Cements Ltd - India
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- Karbindo Abesyapradhi - Indoneisa
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- Therma Luzon, Inc, Philippines
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- Essar Steel Hazira Ltd - India
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Bukit Baiduri Energy - Indonesia
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- Meralco Power Generation, Philippines
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- Parliament of New Zealand
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- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Renaissance Capital - South Africa
- Samtan Co., Ltd - South Korea
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Edison Trading Spa - Italy
- Bulk Trading Sa - Switzerland
- Africa Commodities Group - South Africa
- McConnell Dowell - Australia
- Antam Resourcindo - Indonesia
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Bhushan Steel Limited - India
- Power Finance Corporation Ltd., India
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- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- Deloitte Consulting - India
- Ceylon Electricity Board - Sri Lanka
- Gujarat Mineral Development Corp Ltd - India
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