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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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Sunday, 11 July 10
OVERALL NO OR NEGLIGIBLE IMPACT IN ARUTMIN MINE - BUMI
COALspot.com: Bumi denies the media reports on an impact of unusually rains on coal production in BUMI mines.
"Arutmin is being impacted by ...
Saturday, 10 July 10
FREIGHT MARKET SITUATION MAY CONTINUE FOR NEXT COUPLE OF WEEKS - VISTAAR
COALspot.com: The market continued to soften further with the cape and panamax index down by about 20 pct and closed at 2,102 and 1,944 points respe ...
Saturday, 10 July 10
STC OF INDIA TO ASSOCIATE WITH FUEL SUPPLIERS
COALspot.com: State Trading corporation of India, which is under Ministry of Commerce, has invited Expression of Interest from coal suppliers ...
Saturday, 10 July 10
SCOMI TO SELL STAKE IN INDONESIA OPS - THE STAR
The star online reported that, Scomi Marine Bhd will sell a stake in its marine logistics business in Indonesia to a large Indonesian company to dea ...
Thursday, 08 July 10
KPCL RECEIVES 8 QUALIFIED BIDS TO SUPPLY 500,000 MT OF COAL
COALspot.com: Indian state utility KARNATAKA POWER CORPORATION LIMITED has opened price bid yesterday.
According to a participant, the quo ...
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- Maharashtra Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- GMR Energy Limited - India
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- Economic Council, Georgia
- Parliament of New Zealand
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Tamil Nadu electricity Board
- Chamber of Mines of South Africa
- Meralco Power Generation, Philippines
- International Coal Ventures Pvt Ltd - India
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Goldman Sachs - Singapore
- Savvy Resources Ltd - HongKong
- Siam City Cement - Thailand
- OPG Power Generation Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- San Jose City I Power Corp, Philippines
- Central Java Power - Indonesia
- Attock Cement Pakistan Limited
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Baramulti Group, Indonesia
- Bukit Makmur.PT - Indonesia
- Star Paper Mills Limited - India
- Indo Tambangraya Megah - Indonesia
- Coalindo Energy - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- Indika Energy - Indonesia
- Bayan Resources Tbk. - Indonesia
- Kideco Jaya Agung - Indonesia
- Globalindo Alam Lestari - Indonesia
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Australian Commodity Traders Exchange
- Trasteel International SA, Italy
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Kepco SPC Power Corporation, Philippines
- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- TeaM Sual Corporation - Philippines
- Coastal Gujarat Power Limited - India
- Intertek Mineral Services - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Orica Australia Pty. Ltd.
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- India Bulls Power Limited - India
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- SMG Consultants - Indonesia
- Ministry of Mines - Canada
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- IHS Mccloskey Coal Group - USA
- The Treasury - Australian Government
- Global Green Power PLC Corporation, Philippines
- Minerals Council of Australia
- Samtan Co., Ltd - South Korea
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- Cement Manufacturers Association - India
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- Uttam Galva Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- McConnell Dowell - Australia
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Jaiprakash Power Ventures ltd
- Metalloyd Limited - United Kingdom
- Bangladesh Power Developement Board
- Formosa Plastics Group - Taiwan
- Meenaskhi Energy Private Limited - India
- Indian Energy Exchange, India
- Carbofer General Trading SA - India
- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
- Ind-Barath Power Infra Limited - India
- Vizag Seaport Private Limited - India
- Interocean Group of Companies - India
- Neyveli Lignite Corporation Ltd, - India
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Georgia Ports Authority, United States
- Kobexindo Tractors - Indoneisa
- Dalmia Cement Bharat India
- Merrill Lynch Commodities Europe
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Mintek Dendrill Indonesia
- Grasim Industreis Ltd - India
- Marubeni Corporation - India
- Videocon Industries ltd - India
- Central Electricity Authority - India
- Independent Power Producers Association of India
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Planning Commission, India
- Sakthi Sugars Limited - India
- Energy Link Ltd, New Zealand
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- PNOC Exploration Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Billiton Holdings Pty Ltd - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Jindal Steel & Power Ltd - India
- Price Waterhouse Coopers - Russia
- Cigading International Bulk Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- Posco Energy - South Korea
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Eastern Energy - Thailand
- Energy Development Corp, Philippines
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- Global Business Power Corporation, Philippines
- Krishnapatnam Port Company Ltd. - India
- Bulk Trading Sa - Switzerland
- Electricity Authority, New Zealand
- Borneo Indobara - Indonesia
- Edison Trading Spa - Italy
- Gujarat Sidhee Cement - India
- Chettinad Cement Corporation Ltd - India
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bhushan Steel Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- ASAPP Information Group - India
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- Romanian Commodities Exchange
- Offshore Bulk Terminal Pte Ltd, Singapore
- Agrawal Coal Company - India
- Sindya Power Generating Company Private Ltd
- Antam Resourcindo - Indonesia
- Aboitiz Power Corporation - Philippines
- Latin American Coal - Colombia
- VISA Power Limited - India
- Mercator Lines Limited - India
- Altura Mining Limited, Indonesia
- Heidelberg Cement - Germany
- Deloitte Consulting - India
- PTC India Limited - India
- Leighton Contractors Pty Ltd - Australia
- Alfred C Toepfer International GmbH - Germany
- London Commodity Brokers - England
- Kohat Cement Company Ltd. - Pakistan
- Renaissance Capital - South Africa
- Kartika Selabumi Mining - Indonesia
- Makarim & Taira - Indonesia
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Malabar Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Standard Chartered Bank - UAE
- Karbindo Abesyapradhi - Indoneisa
- Pendopo Energi Batubara - Indonesia
- Sical Logistics Limited - India
- Kaltim Prima Coal - Indonesia
- Therma Luzon, Inc, Philippines
- Electricity Generating Authority of Thailand
- Coal and Oil Company - UAE
- GAC Shipping (India) Pvt Ltd
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
- Thai Mozambique Logistica
- PowerSource Philippines DevCo
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- The State Trading Corporation of India Ltd
- European Bulk Services B.V. - Netherlands
- Sree Jayajothi Cements Limited - India
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- White Energy Company Limited
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- South Luzon Thermal Energy Corporation
- GN Power Mariveles Coal Plant, Philippines
- ICICI Bank Limited - India
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