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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, 08 November 11
COAL MINER ABM INVESTAMA PLANS $290M PUBLIC OFFERING - JG
The Jakarta Globe reported that, ABM Investama, an Indonesian coal miner controlled by the Hamami family, plans to raise as much as Rp 2.6 trillion ...
Monday, 07 November 11
CHINA'S COAL IMPORTS STEAM AHEAD
Chinese seaborne coal imports have grown greatly in recent years, up from 39.2mt in 2008 to 167.7mt in 2010, with the result that China became a net ...
Saturday, 05 November 11
DEMAND SLUMP THREATENS MORE PAIN FOR BULK VESSELS - VISTAAR
COALspot.com - The market continued to fall with BDI dropping below 2,000 points by around 10 pct and closing at 1817 points. The cape index also co ...
Saturday, 05 November 11
BERAU STARTS TO EXPLORE BINUNGAN SITE - INSIDER STORIES
Insider Stories reported that, coal miner PT Berau Coal, a 90% owned subsidiary of PT Berau Coal Energy Tbk (BRAU), is busy to hold exploration in B ...
Friday, 04 November 11
INDIAN IRON ORE MARKET REMAINS DEAD - FEARNLEYS
Handy
The Atlantic market kept its strong position from last week. Even with fewer fixtures reported. Fronthauls still around 25k, wit ...
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- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- Binh Thuan Hamico - Vietnam
- Iligan Light & Power Inc, Philippines
- Georgia Ports Authority, United States
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Carbofer General Trading SA - India
- Chettinad Cement Corporation Ltd - India
- Toyota Tsusho Corporation, Japan
- Indo Tambangraya Megah - Indonesia
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Trasteel International SA, Italy
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Economic Council, Georgia
- Therma Luzon, Inc, Philippines
- Bukit Baiduri Energy - Indonesia
- Standard Chartered Bank - UAE
- Petron Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kaltim Prima Coal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- PTC India Limited - India
- Thai Mozambique Logistica
- Energy Development Corp, Philippines
- Kartika Selabumi Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Sindya Power Generating Company Private Ltd
- CNBM International Corporation - China
- SMG Consultants - Indonesia
- Aboitiz Power Corporation - Philippines
- Riau Bara Harum - Indonesia
- Global Business Power Corporation, Philippines
- Lanco Infratech Ltd - India
- Sakthi Sugars Limited - India
- Goldman Sachs - Singapore
- Banpu Public Company Limited - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Deloitte Consulting - India
- Bhushan Steel Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- IEA Clean Coal Centre - UK
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- Sical Logistics Limited - India
- Kapuas Tunggal Persada - Indonesia
- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Madhucon Powers Ltd - India
- GMR Energy Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Directorate Of Revenue Intelligence - India
- ICICI Bank Limited - India
- Chamber of Mines of South Africa
- Eastern Energy - Thailand
- Merrill Lynch Commodities Europe
- Anglo American - United Kingdom
- Savvy Resources Ltd - HongKong
- Cement Manufacturers Association - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- TeaM Sual Corporation - Philippines
- Jorong Barutama Greston.PT - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Rashtriya Ispat Nigam Limited - India
- South Luzon Thermal Energy Corporation
- Minerals Council of Australia
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Planning Commission, India
- SMC Global Power, Philippines
- Barasentosa Lestari - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Kumho Petrochemical, South Korea
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- Wilmar Investment Holdings
- Ceylon Electricity Board - Sri Lanka
- Electricity Authority, New Zealand
- Siam City Cement PLC, Thailand
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Independent Power Producers Association of India
- Semirara Mining Corp, Philippines
- Port Waratah Coal Services - Australia
- Africa Commodities Group - South Africa
- Orica Mining Services - Indonesia
- Mintek Dendrill Indonesia
- Semirara Mining and Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- The State Trading Corporation of India Ltd
- Timah Investasi Mineral - Indoneisa
- Bhatia International Limited - India
- Bayan Resources Tbk. - Indonesia
- New Zealand Coal & Carbon
- Edison Trading Spa - Italy
- Parry Sugars Refinery, India
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Bharathi Cement Corporation - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indian Energy Exchange, India
- Simpson Spence & Young - Indonesia
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- Intertek Mineral Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- Coalindo Energy - Indonesia
- Renaissance Capital - South Africa
- Oldendorff Carriers - Singapore
- Power Finance Corporation Ltd., India
- Baramulti Group, Indonesia
- Grasim Industreis Ltd - India
- Vedanta Resources Plc - India
- PNOC Exploration Corporation - Philippines
- MS Steel International - UAE
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Vizag Seaport Private Limited - India
- Bulk Trading Sa - Switzerland
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- IHS Mccloskey Coal Group - USA
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- Globalindo Alam Lestari - Indonesia
- Marubeni Corporation - India
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- Meenaskhi Energy Private Limited - India
- Gujarat Electricity Regulatory Commission - India
- Star Paper Mills Limited - India
- Indika Energy - Indonesia
- Energy Link Ltd, New Zealand
- McConnell Dowell - Australia
- San Jose City I Power Corp, Philippines
- Central Electricity Authority - India
- Gujarat Mineral Development Corp Ltd - India
- Antam Resourcindo - Indonesia
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- Miang Besar Coal Terminal - Indonesia
- Romanian Commodities Exchange
- Indonesian Coal Mining Association
- Ind-Barath Power Infra Limited - India
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- Ambuja Cements Ltd - India
- Sarangani Energy Corporation, Philippines
- Bangladesh Power Developement Board
- Posco Energy - South Korea
- India Bulls Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Coal and Oil Company - UAE
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kideco Jaya Agung - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Wood Mackenzie - Singapore
- LBH Netherlands Bv - Netherlands
- Commonwealth Bank - Australia
- Formosa Plastics Group - Taiwan
- Bahari Cakrawala Sebuku - Indonesia
- Salva Resources Pvt Ltd - India
- PowerSource Philippines DevCo
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- Rio Tinto Coal - Australia
- VISA Power Limited - India
- Tamil Nadu electricity Board
- Australian Coal Association
- Ministry of Finance - Indonesia
- Kobexindo Tractors - Indoneisa
- Uttam Galva Steels Limited - India
- Sojitz Corporation - Japan
- Interocean Group of Companies - India
- Mjunction Services Limited - India
- Bukit Makmur.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Indian Oil Corporation Limited
- Borneo Indobara - Indonesia
- OPG Power Generation Pvt Ltd - India
- Ministry of Transport, Egypt
- Aditya Birla Group - India
- Malabar Cements Ltd - India
- Ministry of Mines - Canada
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- PetroVietnam Power Coal Import and Supply Company
- London Commodity Brokers - England
- CIMB Investment Bank - Malaysia
- Australian Commodity Traders Exchange
- White Energy Company Limited
- Jindal Steel & Power Ltd - India
- Parliament of New Zealand
- Jaiprakash Power Ventures ltd
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