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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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Tuesday, 13 December 11
CAPESIZES AND PANAMAXES LEAD DRY BULK MARKET HIGHER - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market inched closer to the 2,000 mark on Monday, with Panamaxes rebounding firmly and leading the gains. As a result, the industry&rsq ...
Monday, 12 December 11
DRY BULK MARKET LOOKING FOR BALANCE AS WE ENTER 2012 - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
During the past few months, freight rates for dry bulk carriers, especially Capesizes have increased significantly, providing ship owners with a muc ...
Sunday, 11 December 11
THE PANAMAX INDEX ENDED ON POSITIVE DIRECTION - VISTAAR
COALspot.com - The BDI and Cape index continued the upward trend this week also with BDI up by 3.00 pct closing at 1,922 points and Cape index up by ...
Saturday, 10 December 11
MAHAKAM RIVER RESUMES COAL TRANSPORTATION
COALspot.com - East Kalimantan local government has resumed limited coal barging through Mahakam River after two weeks of suspension following the c ...
Friday, 09 December 11
DRY BULK MARKET REBOUNDS ON HEALTHIER DEMAND OUTLOOK - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market edged forward yesterday, at the highest rate of the past couple of weeks, as a result of stonger iron ore demand, backed by lowe ...
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- Barasentosa Lestari - Indonesia
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- Makarim & Taira - Indonesia
- Altura Mining Limited, Indonesia
- GAC Shipping (India) Pvt Ltd
- Directorate Of Revenue Intelligence - India
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ICICI Bank Limited - India
- Intertek Mineral Services - Indonesia
- Mercator Lines Limited - India
- Dalmia Cement Bharat India
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- McConnell Dowell - Australia
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- SMC Global Power, Philippines
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Global Green Power PLC Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Riau Bara Harum - Indonesia
- Essar Steel Hazira Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Chettinad Cement Corporation Ltd - India
- Coal and Oil Company - UAE
- Kalimantan Lumbung Energi - Indonesia
- The University of Queensland
- The Treasury - Australian Government
- Trasteel International SA, Italy
- Ministry of Transport, Egypt
- Uttam Galva Steels Limited - India
- International Coal Ventures Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- Planning Commission, India
- CIMB Investment Bank - Malaysia
- Global Business Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Miang Besar Coal Terminal - Indonesia
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- Rio Tinto Coal - Australia
- Deloitte Consulting - India
- Semirara Mining Corp, Philippines
- Indogreen Group - Indonesia
- Meenaskhi Energy Private Limited - India
- Bangladesh Power Developement Board
- Energy Development Corp, Philippines
- Gujarat Sidhee Cement - India
- Energy Link Ltd, New Zealand
- TeaM Sual Corporation - Philippines
- Minerals Council of Australia
- Indika Energy - Indonesia
- Latin American Coal - Colombia
- Antam Resourcindo - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bharathi Cement Corporation - India
- Bhoruka Overseas - Indonesia
- Singapore Mercantile Exchange
- Leighton Contractors Pty Ltd - Australia
- Thai Mozambique Logistica
- VISA Power Limited - India
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- London Commodity Brokers - England
- Wilmar Investment Holdings
- Meralco Power Generation, Philippines
- Oldendorff Carriers - Singapore
- Coalindo Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Sarangani Energy Corporation, Philippines
- Attock Cement Pakistan Limited
- Savvy Resources Ltd - HongKong
- Edison Trading Spa - Italy
- Merrill Lynch Commodities Europe
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- LBH Netherlands Bv - Netherlands
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- Coastal Gujarat Power Limited - India
- Independent Power Producers Association of India
- Thiess Contractors Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Bhatia International Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- Pendopo Energi Batubara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- Medco Energi Mining Internasional
- Orica Mining Services - Indonesia
- Kaltim Prima Coal - Indonesia
- Banpu Public Company Limited - Thailand
- SN Aboitiz Power Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Central Electricity Authority - India
- CNBM International Corporation - China
- New Zealand Coal & Carbon
- Pipit Mutiara Jaya. PT, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- Ministry of Mines - Canada
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- IHS Mccloskey Coal Group - USA
- Gujarat Electricity Regulatory Commission - India
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Central Java Power - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Larsen & Toubro Limited - India
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Bulk Trading Sa - Switzerland
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Baramulti Group, Indonesia
- Asmin Koalindo Tuhup - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- India Bulls Power Limited - India
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- Mjunction Services Limited - India
- Aditya Birla Group - India
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- Ambuja Cements Ltd - India
- Star Paper Mills Limited - India
- Interocean Group of Companies - India
- MS Steel International - UAE
- Grasim Industreis Ltd - India
- Toyota Tsusho Corporation, Japan
- Simpson Spence & Young - Indonesia
- Anglo American - United Kingdom
- Port Waratah Coal Services - Australia
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- Siam City Cement PLC, Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- White Energy Company Limited
- Xindia Steels Limited - India
- Indo Tambangraya Megah - Indonesia
- Vedanta Resources Plc - India
- Price Waterhouse Coopers - Russia
- San Jose City I Power Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Samtan Co., Ltd - South Korea
- Lanco Infratech Ltd - India
- Karaikal Port Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Madhucon Powers Ltd - India
- ASAPP Information Group - India
- Manunggal Multi Energi - Indonesia
- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- Malabar Cements Ltd - India
- PTC India Limited - India
- Power Finance Corporation Ltd., India
- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Sical Logistics Limited - India
- IEA Clean Coal Centre - UK
- Marubeni Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Finance - Indonesia
- Africa Commodities Group - South Africa
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- Sindya Power Generating Company Private Ltd
- Globalindo Alam Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bukit Baiduri Energy - Indonesia
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- Borneo Indobara - Indonesia
- PowerSource Philippines DevCo
- Mercuria Energy - Indonesia
- Australian Coal Association
- SMG Consultants - Indonesia
- Electricity Generating Authority of Thailand
- Romanian Commodities Exchange
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Goldman Sachs - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Rashtriya Ispat Nigam Limited - India
- Iligan Light & Power Inc, Philippines
- Parliament of New Zealand
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