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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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- Carbofer General Trading SA - India
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- GMR Energy Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Power Finance Corporation Ltd., India
- Bukit Asam (Persero) Tbk - Indonesia
- SMC Global Power, Philippines
- Sinarmas Energy and Mining - Indonesia
- Karaikal Port Pvt Ltd - India
- VISA Power Limited - India
- Coalindo Energy - Indonesia
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Gujarat Electricity Regulatory Commission - India
- OPG Power Generation Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Commonwealth Bank - Australia
- Africa Commodities Group - South Africa
- Videocon Industries ltd - India
- GVK Power & Infra Limited - India
- Parry Sugars Refinery, India
- Indika Energy - Indonesia
- Merrill Lynch Commodities Europe
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
- Eastern Coal Council - USA
- Vedanta Resources Plc - India
- IHS Mccloskey Coal Group - USA
- Electricity Generating Authority of Thailand
- Timah Investasi Mineral - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- PowerSource Philippines DevCo
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- Leighton Contractors Pty Ltd - Australia
- Malabar Cements Ltd - India
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Meenaskhi Energy Private Limited - India
- Indogreen Group - Indonesia
- LBH Netherlands Bv - Netherlands
- Global Coal Blending Company Limited - Australia
- New Zealand Coal & Carbon
- Bukit Makmur.PT - Indonesia
- Metalloyd Limited - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Ambuja Cements Ltd - India
- Uttam Galva Steels Limited - India
- Chettinad Cement Corporation Ltd - India
- McConnell Dowell - Australia
- Rio Tinto Coal - Australia
- Eastern Energy - Thailand
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Cement Manufacturers Association - India
- Mintek Dendrill Indonesia
- Larsen & Toubro Limited - India
- Renaissance Capital - South Africa
- Makarim & Taira - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Indo Tambangraya Megah - Indonesia
- Bhatia International Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- SMG Consultants - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Simpson Spence & Young - Indonesia
- Coal and Oil Company - UAE
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- London Commodity Brokers - England
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Sarangani Energy Corporation, Philippines
- Baramulti Group, Indonesia
- Savvy Resources Ltd - HongKong
- Bhoruka Overseas - Indonesia
- South Luzon Thermal Energy Corporation
- Mercuria Energy - Indonesia
- Georgia Ports Authority, United States
- Romanian Commodities Exchange
- Ministry of Finance - Indonesia
- Lanco Infratech Ltd - India
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- Central Electricity Authority - India
- GAC Shipping (India) Pvt Ltd
- Semirara Mining Corp, Philippines
- Pendopo Energi Batubara - Indonesia
- Kepco SPC Power Corporation, Philippines
- Kalimantan Lumbung Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Sindya Power Generating Company Private Ltd
- Meralco Power Generation, Philippines
- Anglo American - United Kingdom
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Australian Commodity Traders Exchange
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- Siam City Cement PLC, Thailand
- Essar Steel Hazira Ltd - India
- Globalindo Alam Lestari - Indonesia
- Medco Energi Mining Internasional
- Borneo Indobara - Indonesia
- Ministry of Transport, Egypt
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Siam City Cement - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Heidelberg Cement - Germany
- Posco Energy - South Korea
- Bukit Baiduri Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Planning Commission, India
- Sojitz Corporation - Japan
- Thiess Contractors Indonesia
- Mercator Lines Limited - India
- PTC India Limited - India
- ICICI Bank Limited - India
- Kideco Jaya Agung - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- ASAPP Information Group - India
- Aditya Birla Group - India
- Gujarat Sidhee Cement - India
- Independent Power Producers Association of India
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- PNOC Exploration Corporation - Philippines
- Energy Development Corp, Philippines
- International Coal Ventures Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Aboitiz Power Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Antam Resourcindo - Indonesia
- Jindal Steel & Power Ltd - India
- Central Java Power - Indonesia
- Thai Mozambique Logistica
- Dalmia Cement Bharat India
- Bayan Resources Tbk. - Indonesia
- Latin American Coal - Colombia
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- The University of Queensland
- Deloitte Consulting - India
- Trasteel International SA, Italy
- CNBM International Corporation - China
- Bharathi Cement Corporation - India
- Straits Asia Resources Limited - Singapore
- Agrawal Coal Company - India
- IEA Clean Coal Centre - UK
- Global Business Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- Formosa Plastics Group - Taiwan
- Maheswari Brothers Coal Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petron Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Economic Council, Georgia
- Sical Logistics Limited - India
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sakthi Sugars Limited - India
- Minerals Council of Australia
- Grasim Industreis Ltd - India
- Interocean Group of Companies - India
- Riau Bara Harum - Indonesia
- Intertek Mineral Services - Indonesia
- Attock Cement Pakistan Limited
- Directorate General of MIneral and Coal - Indonesia
- Kumho Petrochemical, South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Barasentosa Lestari - Indonesia
- Ind-Barath Power Infra Limited - India
- Kobexindo Tractors - Indoneisa
- India Bulls Power Limited - India
- Ministry of Mines - Canada
- Manunggal Multi Energi - Indonesia
- Energy Link Ltd, New Zealand
- Star Paper Mills Limited - India
- Banpu Public Company Limited - Thailand
- Indian Energy Exchange, India
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- White Energy Company Limited
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- Mjunction Services Limited - India
- Jaiprakash Power Ventures ltd
- Xindia Steels Limited - India
- Bhushan Steel Limited - India
- Kapuas Tunggal Persada - Indonesia
- European Bulk Services B.V. - Netherlands
- Vizag Seaport Private Limited - India
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- The Treasury - Australian Government
- Samtan Co., Ltd - South Korea
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