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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, 16 July 10
CHINA EXPORTS 10.14 MILLION TONNES OF COAL IN H1 OF 2010
China exported 10.14 million tonnes of coal in the first half of this year, down 13.1% compared with the corresponding period of last year, accordin ...
Thursday, 15 July 10
SMC TO PURSUE MINDANAO COAL MINING PROJECTS
Philippine Daily Inquirer reported that, DIVERSIFYING CONGLOMERATE San Miguel Corp. is inclined to pursue its coal mining projects in Mindanao ...
Thursday, 15 July 10
ADANI ENTERPRISES WILL BUY $1 BILLION COAL MINE FROM LINC ENERGY - TOP NEWS
Top News reported that, Adani Enterprises has almost managed to obtain a coal mine from Linc Energy for $1 billion in Queensland, Australia. This mi ...
Thursday, 15 July 10
ADANI TO DEVELOP COAL EXPORT TERMINAL IN AUSTRALIA - BUSINESS STANDARD
Business-Standard reported that, The Adani Group, promoter of Mundra Port and Special Economic Zone (MPSEZ), today said it has been selected as the ...
Thursday, 15 July 10
NO IMPROVEMENT IN THE DRY BULK MARKET - INTERMODAL
Broker’s insight
With the Baltic Dry Index today (13/7/2010) standing at 1,790 points - the lowest point since early May 2009 - ...
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- Bhushan Steel Limited - India
- Madhucon Powers Ltd - India
- Jindal Steel & Power Ltd - India
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- Uttam Galva Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Australian Commodity Traders Exchange
- McConnell Dowell - Australia
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Pipit Mutiara Jaya. PT, Indonesia
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Makarim & Taira - Indonesia
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Sree Jayajothi Cements Limited - India
- Star Paper Mills Limited - India
- Ministry of Finance - Indonesia
- Energy Link Ltd, New Zealand
- Deloitte Consulting - India
- Riau Bara Harum - Indonesia
- Antam Resourcindo - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- Bhoruka Overseas - Indonesia
- Energy Development Corp, Philippines
- LBH Netherlands Bv - Netherlands
- European Bulk Services B.V. - Netherlands
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Georgia Ports Authority, United States
- Salva Resources Pvt Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Standard Chartered Bank - UAE
- Thai Mozambique Logistica
- Price Waterhouse Coopers - Russia
- AsiaOL BioFuels Corp., Philippines
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Parliament of New Zealand
- Posco Energy - South Korea
- Mercator Lines Limited - India
- Singapore Mercantile Exchange
- International Coal Ventures Pvt Ltd - India
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Global Green Power PLC Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- MS Steel International - UAE
- Pendopo Energi Batubara - Indonesia
- PTC India Limited - India
- Minerals Council of Australia
- Tamil Nadu electricity Board
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Electricity Authority, New Zealand
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- Global Coal Blending Company Limited - Australia
- Merrill Lynch Commodities Europe
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- Maheswari Brothers Coal Limited - India
- Siam City Cement - Thailand
- Malabar Cements Ltd - India
- White Energy Company Limited
- Savvy Resources Ltd - HongKong
- Indika Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- The Treasury - Australian Government
- Global Business Power Corporation, Philippines
- Attock Cement Pakistan Limited
- San Jose City I Power Corp, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Intertek Mineral Services - Indonesia
- Carbofer General Trading SA - India
- Commonwealth Bank - Australia
- Formosa Plastics Group - Taiwan
- Iligan Light & Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Dalmia Cement Bharat India
- ICICI Bank Limited - India
- Mercuria Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Bharathi Cement Corporation - India
- Jaiprakash Power Ventures ltd
- ASAPP Information Group - India
- Videocon Industries ltd - India
- Larsen & Toubro Limited - India
- Petron Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- Holcim Trading Pte Ltd - Singapore
- Independent Power Producers Association of India
- Parry Sugars Refinery, India
- Wilmar Investment Holdings
- Grasim Industreis Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
- Edison Trading Spa - Italy
- Siam City Cement PLC, Thailand
- Economic Council, Georgia
- Planning Commission, India
- Kepco SPC Power Corporation, Philippines
- The State Trading Corporation of India Ltd
- Sical Logistics Limited - India
- Romanian Commodities Exchange
- Orica Mining Services - Indonesia
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- Kapuas Tunggal Persada - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kumho Petrochemical, South Korea
- Goldman Sachs - Singapore
- Asmin Koalindo Tuhup - Indonesia
- Central Electricity Authority - India
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- SMC Global Power, Philippines
- Sojitz Corporation - Japan
- GVK Power & Infra Limited - India
- Bukit Baiduri Energy - Indonesia
- London Commodity Brokers - England
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- Bulk Trading Sa - Switzerland
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Marubeni Corporation - India
- Trasteel International SA, Italy
- Coalindo Energy - Indonesia
- Baramulti Group, Indonesia
- Lanco Infratech Ltd - India
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- Ministry of Transport, Egypt
- India Bulls Power Limited - India
- Ind-Barath Power Infra Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Simpson Spence & Young - Indonesia
- Mjunction Services Limited - India
- Sakthi Sugars Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Thiess Contractors Indonesia
- OPG Power Generation Pvt Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
- Orica Australia Pty. Ltd.
- Aditya Birla Group - India
- Kaltim Prima Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Xindia Steels Limited - India
- Therma Luzon, Inc, Philippines
- GMR Energy Limited - India
- Kobexindo Tractors - Indoneisa
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Sarangani Energy Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Ambuja Cements Ltd - India
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Billiton Holdings Pty Ltd - Australia
- Semirara Mining Corp, Philippines
- Renaissance Capital - South Africa
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Wood Mackenzie - Singapore
- Bangladesh Power Developement Board
- Eastern Energy - Thailand
- Indian Energy Exchange, India
- Port Waratah Coal Services - Australia
- Vedanta Resources Plc - India
- Vizag Seaport Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Straits Asia Resources Limited - Singapore
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- Sinarmas Energy and Mining - Indonesia
- SMG Consultants - Indonesia
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- Kartika Selabumi Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- CNBM International Corporation - China
- Meralco Power Generation, Philippines
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