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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, 03 September 10
NALCO, INDONESIAN FIRM DIFFER ON COAL SUPPLY TO SMELTER - DNA INDIA
A few days ago, National Aluminium Company (Nalco) advertised in Indonesian newspapers asking for companies to bid for coal supplies for its 500,000 ...
Thursday, 02 September 10
PLN ASKED TO USE LOCAL COAL
Tempo Interactive reportd that, the Indonesian Mining Association Executive Director, Priyo Pribadi, has called on the state-run electricity company ...
Thursday, 02 September 10
NALCO OPEN TO EQUITY DILUTION IN $3.9 BN PROJECT IN INDONESIA
Business-Standard reported that, state-owned Nalco today said it is considering selling stake in its $3.9 billion (over Rs 18,000 crore) aluminium p ...
Thursday, 02 September 10
DRY BULK MARKET GAINS MOMENTUM TO INCREASE, WITH CHINA ONCE AGAIN TO THE RESCUE
With predictions from Chinese officials stating that the country’s iron ore imports during 2010 could surpass the record amounts of 2009, the ...
Wednesday, 01 September 10
STC BAGS NTPC ORDER TO SHIP 12 MT COAL
My Digital FC reported that, The State Trading Corporation (STC) has bagged NTPC’s tender to ship 12 million tonnes coal from Ind&sh ...
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- Ministry of Transport, Egypt
- MS Steel International - UAE
- Bangladesh Power Developement Board
- Iligan Light & Power Inc, Philippines
- Kepco SPC Power Corporation, Philippines
- New Zealand Coal & Carbon
- Coastal Gujarat Power Limited - India
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- London Commodity Brokers - England
- San Jose City I Power Corp, Philippines
- Ceylon Electricity Board - Sri Lanka
- TNB Fuel Sdn Bhd - Malaysia
- Africa Commodities Group - South Africa
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- Xindia Steels Limited - India
- Bhatia International Limited - India
- Global Business Power Corporation, Philippines
- Trasteel International SA, Italy
- Goldman Sachs - Singapore
- Power Finance Corporation Ltd., India
- Siam City Cement - Thailand
- Straits Asia Resources Limited - Singapore
- Interocean Group of Companies - India
- Global Green Power PLC Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Antam Resourcindo - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- PowerSource Philippines DevCo
- Mintek Dendrill Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Baramulti Group, Indonesia
- Riau Bara Harum - Indonesia
- Latin American Coal - Colombia
- Petron Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- ICICI Bank Limited - India
- Sical Logistics Limited - India
- Central Java Power - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- SN Aboitiz Power Inc, Philippines
- Altura Mining Limited, Indonesia
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- Samtan Co., Ltd - South Korea
- Tamil Nadu electricity Board
- Price Waterhouse Coopers - Russia
- Toyota Tsusho Corporation, Japan
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Pendopo Energi Batubara - Indonesia
- SMC Global Power, Philippines
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- Kumho Petrochemical, South Korea
- Eastern Energy - Thailand
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- Electricity Generating Authority of Thailand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mjunction Services Limited - India
- Singapore Mercantile Exchange
- Formosa Plastics Group - Taiwan
- Indian Oil Corporation Limited
- Directorate General of MIneral and Coal - Indonesia
- Eastern Coal Council - USA
- Energy Development Corp, Philippines
- Vizag Seaport Private Limited - India
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Mercuria Energy - Indonesia
- Deloitte Consulting - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- White Energy Company Limited
- Kohat Cement Company Ltd. - Pakistan
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- European Bulk Services B.V. - Netherlands
- Jaiprakash Power Ventures ltd
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- CIMB Investment Bank - Malaysia
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- Savvy Resources Ltd - HongKong
- Maheswari Brothers Coal Limited - India
- Cigading International Bulk Terminal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Thiess Contractors Indonesia
- The University of Queensland
- Electricity Authority, New Zealand
- Sree Jayajothi Cements Limited - India
- ASAPP Information Group - India
- Miang Besar Coal Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- McConnell Dowell - Australia
- Billiton Holdings Pty Ltd - Australia
- Maharashtra Electricity Regulatory Commission - India
- PTC India Limited - India
- Coal and Oil Company - UAE
- Borneo Indobara - Indonesia
- Posco Energy - South Korea
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- South Luzon Thermal Energy Corporation
- Ambuja Cements Ltd - India
- Banpu Public Company Limited - Thailand
- GAC Shipping (India) Pvt Ltd
- Bhushan Steel Limited - India
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- Manunggal Multi Energi - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- Chettinad Cement Corporation Ltd - India
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- Marubeni Corporation - India
- Heidelberg Cement - Germany
- Independent Power Producers Association of India
- Larsen & Toubro Limited - India
- Mercator Lines Limited - India
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- Coalindo Energy - Indonesia
- Star Paper Mills Limited - India
- Lanco Infratech Ltd - India
- OPG Power Generation Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Oldendorff Carriers - Singapore
- Bayan Resources Tbk. - Indonesia
- Simpson Spence & Young - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Ministry of Mines - Canada
- Timah Investasi Mineral - Indoneisa
- International Coal Ventures Pvt Ltd - India
- Australian Commodity Traders Exchange
- GMR Energy Limited - India
- Economic Council, Georgia
- Romanian Commodities Exchange
- Bukit Makmur.PT - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Uttam Galva Steels Limited - India
- Commonwealth Bank - Australia
- Georgia Ports Authority, United States
- Kalimantan Lumbung Energi - Indonesia
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Standard Chartered Bank - UAE
- IEA Clean Coal Centre - UK
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- SMG Consultants - Indonesia
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- Binh Thuan Hamico - Vietnam
- Sarangani Energy Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Thai Mozambique Logistica
- Parry Sugars Refinery, India
- Videocon Industries ltd - India
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Bukit Baiduri Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- Wilmar Investment Holdings
- Meenaskhi Energy Private Limited - India
- Minerals Council of Australia
- The Treasury - Australian Government
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- Attock Cement Pakistan Limited
- Semirara Mining and Power Corporation, Philippines
- Planning Commission, India
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- GVK Power & Infra Limited - India
- Central Electricity Authority - India
- Ministry of Finance - Indonesia
- Therma Luzon, Inc, Philippines
- Makarim & Taira - Indonesia
- PNOC Exploration Corporation - Philippines
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Renaissance Capital - South Africa
- Australian Coal Association
- Ind-Barath Power Infra Limited - India
- Rio Tinto Coal - Australia
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