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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, 04 August 10
MALAYSIA'S AGATE GROUP TIES UP WITH INDIA'S ECOGREEN TO DEVELOP COAL BUSINESS
COALspot.com: "Malaysian based AGATE Group had entered into an agreement with India's EcoGreen to jointly develop coal business in India ...
Wednesday, 04 August 10
ADARO PRODUCED 21.62 MILLION TONS OF COAL IN 1H 2010
COALspot.com: “Adaro Energy’s production volume during the second quarter of 2010 was 10.26 million tones and for the first half of 2010 ...
Wednesday, 04 August 10
CIL TO TAKE UP NEW PROJECT TO MEET INCREASED DEMAND OF COAL
As part of Annual Plan 2010-11, Planning Commission has projected all India demand of coal 656.31 Million Tonnes against which the indigenous supply ...
Tuesday, 03 August 10
INDONESIA CONSIDERING RUPIAH DENOMINATION
The jakarta post reportd that, the central bank is deliberating a potential Rupiah denomination in light of decreasing exchange rate valuations agai ...
Monday, 02 August 10
DRY BULK MARKET NEEDS TO FIND ADDITIONAL SUPPORT IN AUGUST
The dry bulk market ended another week of rebounding, posting on Friday its 11th straight rise. Still, as analysts point out the rate of this rise h ...
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- San Jose City I Power Corp, Philippines
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- Formosa Plastics Group - Taiwan
- Singapore Mercantile Exchange
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- Indika Energy - Indonesia
- Port Waratah Coal Services - Australia
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- Rio Tinto Coal - Australia
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- Tamil Nadu electricity Board
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- Simpson Spence & Young - Indonesia
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- Holcim Trading Pte Ltd - Singapore
- Indogreen Group - Indonesia
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- Thiess Contractors Indonesia
- ICICI Bank Limited - India
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- The University of Queensland
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- Intertek Mineral Services - Indonesia
- Dalmia Cement Bharat India
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- Interocean Group of Companies - India
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- GMR Energy Limited - India
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- Minerals Council of Australia
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- The State Trading Corporation of India Ltd
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- Sinarmas Energy and Mining - Indonesia
- Sarangani Energy Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Manunggal Multi Energi - Indonesia
- Agrawal Coal Company - India
- Kepco SPC Power Corporation, Philippines
- Economic Council, Georgia
- Edison Trading Spa - Italy
- Wood Mackenzie - Singapore
- Coal and Oil Company - UAE
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- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
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- Australian Coal Association
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- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Bhoruka Overseas - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- Neyveli Lignite Corporation Ltd, - India
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- Merrill Lynch Commodities Europe
- Metalloyd Limited - United Kingdom
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- Electricity Authority, New Zealand
- Tata Chemicals Ltd - India
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- Iligan Light & Power Inc, Philippines
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Africa Commodities Group - South Africa
- Siam City Cement PLC, Thailand
- South Luzon Thermal Energy Corporation
- MS Steel International - UAE
- Oldendorff Carriers - Singapore
- GAC Shipping (India) Pvt Ltd
- Heidelberg Cement - Germany
- Siam City Cement - Thailand
- Anglo American - United Kingdom
- Madhucon Powers Ltd - India
- Goldman Sachs - Singapore
- Georgia Ports Authority, United States
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- Coalindo Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Leighton Contractors Pty Ltd - Australia
- Price Waterhouse Coopers - Russia
- Meenaskhi Energy Private Limited - India
- Lanco Infratech Ltd - India
- Commonwealth Bank - Australia
- Parry Sugars Refinery, India
- Parliament of New Zealand
- Ceylon Electricity Board - Sri Lanka
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- GN Power Mariveles Coal Plant, Philippines
- Directorate Of Revenue Intelligence - India
- Eastern Coal Council - USA
- Independent Power Producers Association of India
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- Sojitz Corporation - Japan
- Cement Manufacturers Association - India
- Ministry of Finance - Indonesia
- Uttam Galva Steels Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- Bangladesh Power Developement Board
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- PNOC Exploration Corporation - Philippines
- The Treasury - Australian Government
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- Aditya Birla Group - India
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- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Makarim & Taira - Indonesia
- Toyota Tsusho Corporation, Japan
- Savvy Resources Ltd - HongKong
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- Altura Mining Limited, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- Jaiprakash Power Ventures ltd
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- AsiaOL BioFuels Corp., Philippines
- Kohat Cement Company Ltd. - Pakistan
- Xindia Steels Limited - India
- Mjunction Services Limited - India
- Bukit Baiduri Energy - Indonesia
- Electricity Generating Authority of Thailand
- Bulk Trading Sa - Switzerland
- Coastal Gujarat Power Limited - India
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- Borneo Indobara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Vizag Seaport Private Limited - India
- Bhatia International Limited - India
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Kideco Jaya Agung - Indonesia
- Orica Australia Pty. Ltd.
- Kumho Petrochemical, South Korea
- Thai Mozambique Logistica
- Malabar Cements Ltd - India
- Semirara Mining Corp, Philippines
- Global Coal Blending Company Limited - Australia
- Power Finance Corporation Ltd., India
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- Indian Energy Exchange, India
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- Bahari Cakrawala Sebuku - Indonesia
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- Planning Commission, India
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- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- IHS Mccloskey Coal Group - USA
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- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Energy Development Corp, Philippines
- Mintek Dendrill Indonesia
- Gujarat Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
- Baramulti Group, Indonesia
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- Dong Bac Coal Mineral Investment Coporation - Vietnam
- SMG Consultants - Indonesia
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- Alfred C Toepfer International GmbH - Germany
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- Ambuja Cements Ltd - India
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