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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, 06 August 10
KRISHNAPATNAM PORT WINS NON MAJOR PORT AWARD 2ND TIME IN A ROW
COAlspot.com ( Press Release) Krishnapatnam Port, the world-class port on the Indian horizon, took the top honors for the second time in a row, in t ...
Friday, 06 August 10
POLANDS KOPEX GROUP DEVELOPS COAL MINE IN INDONESIA
Polishmarket reported that, Polish mining concern Kopex Group, , is to build the first in Indonesia mechanised underground coal mine. The group is c ...
Thursday, 05 August 10
MORATORIUM MAY HURT NEW PROJECTS: MINING GROUP
The government’s proposed two-year moratorium on issuing new concessions to convert forests and peatlands to other uses may hinder new mining ...
Thursday, 05 August 10
IRON ORE EXPORT BAN COMPOUNDS PROBLEMS OF INDUSTRY - BUSINESS STANDARD
Forex loss of Rs 300 crore (US$ 65.63 million) ; truckers, ports, Railways bear the brunt
The Karnataka government’s move to ban the export ...
Thursday, 05 August 10
DRY BULK LOOKING TO CHINA FOR A NEW RALLY, BUT INDIA COULD BE THIS YEAR'S SURPRISE
The dry bulk market’s rebound has hit a “wall” this week, with the industry’s benchmark, the BDI (Baltic Dry Index) ending i ...
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- Xindia Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- Wilmar Investment Holdings
- ASAPP Information Group - India
- White Energy Company Limited
- Baramulti Group, Indonesia
- Energy Link Ltd, New Zealand
- Meenaskhi Energy Private Limited - India
- Parry Sugars Refinery, India
- Sarangani Energy Corporation, Philippines
- VISA Power Limited - India
- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- Edison Trading Spa - Italy
- Miang Besar Coal Terminal - Indonesia
- Wood Mackenzie - Singapore
- Samtan Co., Ltd - South Korea
- Leighton Contractors Pty Ltd - Australia
- Bukit Baiduri Energy - Indonesia
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Malabar Cements Ltd - India
- Indika Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Energy Development Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Karaikal Port Pvt Ltd - India
- Indonesian Coal Mining Association
- McConnell Dowell - Australia
- Meralco Power Generation, Philippines
- Aditya Birla Group - India
- Bharathi Cement Corporation - India
- Trasteel International SA, Italy
- Petrochimia International Co. Ltd.- Taiwan
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Bukit Asam (Persero) Tbk - Indonesia
- Mintek Dendrill Indonesia
- Siam City Cement PLC, Thailand
- GAC Shipping (India) Pvt Ltd
- Interocean Group of Companies - India
- Essar Steel Hazira Ltd - India
- Manunggal Multi Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- Global Coal Blending Company Limited - Australia
- Bangladesh Power Developement Board
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Coalindo Energy - Indonesia
- Power Finance Corporation Ltd., India
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- TeaM Sual Corporation - Philippines
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- Attock Cement Pakistan Limited
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- LBH Netherlands Bv - Netherlands
- Kapuas Tunggal Persada - Indonesia
- Gujarat Sidhee Cement - India
- Ministry of Transport, Egypt
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- Antam Resourcindo - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Goldman Sachs - Singapore
- India Bulls Power Limited - India
- Renaissance Capital - South Africa
- SMG Consultants - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- GVK Power & Infra Limited - India
- Indo Tambangraya Megah - Indonesia
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- Coastal Gujarat Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sree Jayajothi Cements Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Parliament of New Zealand
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Maheswari Brothers Coal Limited - India
- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Kartika Selabumi Mining - Indonesia
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Standard Chartered Bank - UAE
- Holcim Trading Pte Ltd - Singapore
- Kaltim Prima Coal - Indonesia
- Marubeni Corporation - India
- Straits Asia Resources Limited - Singapore
- Mercuria Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Kideco Jaya Agung - Indonesia
- South Luzon Thermal Energy Corporation
- Tata Chemicals Ltd - India
- Jindal Steel & Power Ltd - India
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- London Commodity Brokers - England
- Independent Power Producers Association of India
- Deloitte Consulting - India
- Madhucon Powers Ltd - India
- Planning Commission, India
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Ambuja Cements Ltd - India
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- Kepco SPC Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- European Bulk Services B.V. - Netherlands
- Borneo Indobara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Eastern Energy - Thailand
- Bhoruka Overseas - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Thai Mozambique Logistica
- The University of Queensland
- Sinarmas Energy and Mining - Indonesia
- The Treasury - Australian Government
- PowerSource Philippines DevCo
- New Zealand Coal & Carbon
- Jaiprakash Power Ventures ltd
- Eastern Coal Council - USA
- IHS Mccloskey Coal Group - USA
- Directorate Of Revenue Intelligence - India
- Sakthi Sugars Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- Therma Luzon, Inc, Philippines
- Semirara Mining Corp, Philippines
- Vizag Seaport Private Limited - India
- Pendopo Energi Batubara - Indonesia
- Electricity Authority, New Zealand
- Intertek Mineral Services - Indonesia
- Global Business Power Corporation, Philippines
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Australian Coal Association
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Star Paper Mills Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Singapore Mercantile Exchange
- Timah Investasi Mineral - Indoneisa
- Medco Energi Mining Internasional
- Iligan Light & Power Inc, Philippines
- Petron Corporation, Philippines
- Central Java Power - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Banpu Public Company Limited - Thailand
- Larsen & Toubro Limited - India
- Bayan Resources Tbk. - Indonesia
- Chamber of Mines of South Africa
- GMR Energy Limited - India
- CNBM International Corporation - China
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Videocon Industries ltd - India
- Commonwealth Bank - Australia
- Makarim & Taira - Indonesia
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- PTC India Limited - India
- Indogreen Group - Indonesia
- Orica Australia Pty. Ltd.
- Vijayanagar Sugar Pvt Ltd - India
- Africa Commodities Group - South Africa
- International Coal Ventures Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- Riau Bara Harum - Indonesia
- Thiess Contractors Indonesia
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- Price Waterhouse Coopers - Russia
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Finance - Indonesia
- Uttam Galva Steels Limited - India
- The State Trading Corporation of India Ltd
- PetroVietnam Power Coal Import and Supply Company
- Mercator Lines Limited - India
- IEA Clean Coal Centre - UK
- AsiaOL BioFuels Corp., Philippines
- Neyveli Lignite Corporation Ltd, - India
- Latin American Coal - Colombia
- MS Steel International - UAE
- Georgia Ports Authority, United States
- Sindya Power Generating Company Private Ltd
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