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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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Wednesday, 25 August 10
BUKIT ASAM OUT TO BECOME BIGGEST COAL PRODUCER
The Jakarta Post reported that, State-owned PT Batubara Bukit Asam Tbk intends to become the country's biggest coal producer in 2016 with productio ...
Wednesday, 25 August 10
GOVT SHOULD ALLOW DUTY-FREE IMPORT OF THERMAL COAL: ASSOCHAM
Industry body Assocham Wednesday said the government should allow duty free import of thermal coal to bring down power tariffs in the country.
&q ...
Wednesday, 25 August 10
INDIAS ADANI GROUP TO BUILD COAL RAILWAY IN INDONESIA
COALspot.com: India’s Adani Group, Indonesia’s state coal producer PT Tambang Batubara Bukit Asam (PTBA), and the South Sumatra provinci ...
Wednesday, 25 August 10
CME GROUP WILL LAUNCH NEW COAL CONTRACTS
Press Release: CME Group, the world’s leading and most diverse derivatives marketplace, today announced the launch of trading and clearing ser ...
Tuesday, 24 August 10
INDIA IMPORTS 1.3 MILLION TONS COAL LAST WEEK
COALspot.com: India has imported 1.3 million tons of non - Coking coal and 468,229 Mt of coking coal for the period 16 - 22 August 2010 ...
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- Kaltim Prima Coal - Indonesia
- Ministry of Finance - Indonesia
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- PNOC Exploration Corporation - Philippines
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Grasim Industreis Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Lanco Infratech Ltd - India
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- Banpu Public Company Limited - Thailand
- Eastern Coal Council - USA
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Malabar Cements Ltd - India
- Coastal Gujarat Power Limited - India
- New Zealand Coal & Carbon
- Aditya Birla Group - India
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- Globalindo Alam Lestari - Indonesia
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- AsiaOL BioFuels Corp., Philippines
- Sree Jayajothi Cements Limited - India
- Orica Mining Services - Indonesia
- IEA Clean Coal Centre - UK
- Romanian Commodities Exchange
- Merrill Lynch Commodities Europe
- Thai Mozambique Logistica
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- Savvy Resources Ltd - HongKong
- Vedanta Resources Plc - India
- Vizag Seaport Private Limited - India
- LBH Netherlands Bv - Netherlands
- Mjunction Services Limited - India
- South Luzon Thermal Energy Corporation
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- Kideco Jaya Agung - Indonesia
- Kalimantan Lumbung Energi - Indonesia
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- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- White Energy Company Limited
- SMC Global Power, Philippines
- Toyota Tsusho Corporation, Japan
- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Global Business Power Corporation, Philippines
- Indika Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Commonwealth Bank - Australia
- Attock Cement Pakistan Limited
- Orica Australia Pty. Ltd.
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
- Marubeni Corporation - India
- Kapuas Tunggal Persada - Indonesia
- Maheswari Brothers Coal Limited - India
- Pendopo Energi Batubara - Indonesia
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- Australian Coal Association
- Kumho Petrochemical, South Korea
- Energy Development Corp, Philippines
- Africa Commodities Group - South Africa
- Kepco SPC Power Corporation, Philippines
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- Electricity Generating Authority of Thailand
- Ambuja Cements Ltd - India
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- Simpson Spence & Young - Indonesia
- Binh Thuan Hamico - Vietnam
- Bukit Makmur.PT - Indonesia
- Bulk Trading Sa - Switzerland
- GAC Shipping (India) Pvt Ltd
- CIMB Investment Bank - Malaysia
- Deloitte Consulting - India
- Sinarmas Energy and Mining - Indonesia
- Standard Chartered Bank - UAE
- Kohat Cement Company Ltd. - Pakistan
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- Krishnapatnam Port Company Ltd. - India
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
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- Videocon Industries ltd - India
- Agrawal Coal Company - India
- Tata Chemicals Ltd - India
- International Coal Ventures Pvt Ltd - India
- Baramulti Group, Indonesia
- Meenaskhi Energy Private Limited - India
- Riau Bara Harum - Indonesia
- Planning Commission, India
- Aboitiz Power Corporation - Philippines
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Anglo American - United Kingdom
- GN Power Mariveles Coal Plant, Philippines
- Minerals Council of Australia
- CNBM International Corporation - China
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Eastern Energy - Thailand
- Bhushan Steel Limited - India
- SMG Consultants - Indonesia
- Port Waratah Coal Services - Australia
- Jorong Barutama Greston.PT - Indonesia
- Ministry of Transport, Egypt
- Mintek Dendrill Indonesia
- Directorate Of Revenue Intelligence - India
- Indonesian Coal Mining Association
- Chettinad Cement Corporation Ltd - India
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- Bahari Cakrawala Sebuku - Indonesia
- Star Paper Mills Limited - India
- Thiess Contractors Indonesia
- The University of Queensland
- Cigading International Bulk Terminal - Indonesia
- Edison Trading Spa - Italy
- Holcim Trading Pte Ltd - Singapore
- Indogreen Group - Indonesia
- Parliament of New Zealand
- Bhatia International Limited - India
- Dalmia Cement Bharat India
- Gujarat Mineral Development Corp Ltd - India
- Jindal Steel & Power Ltd - India
- Iligan Light & Power Inc, Philippines
- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- Gujarat Electricity Regulatory Commission - India
- GVK Power & Infra Limited - India
- Karaikal Port Pvt Ltd - India
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sarangani Energy Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Siam City Cement PLC, Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- Sakthi Sugars Limited - India
- Sical Logistics Limited - India
- Latin American Coal - Colombia
- Bukit Baiduri Energy - Indonesia
- PowerSource Philippines DevCo
- Petron Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- Therma Luzon, Inc, Philippines
- Sindya Power Generating Company Private Ltd
- The Treasury - Australian Government
- Sojitz Corporation - Japan
- Posco Energy - South Korea
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Oldendorff Carriers - Singapore
- Meralco Power Generation, Philippines
- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- Goldman Sachs - Singapore
- Larsen & Toubro Limited - India
- Energy Link Ltd, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Coalindo Energy - Indonesia
- Antam Resourcindo - Indonesia
- Price Waterhouse Coopers - Russia
- Indo Tambangraya Megah - Indonesia
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- Kobexindo Tractors - Indoneisa
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- Wilmar Investment Holdings
- Economic Council, Georgia
- Rio Tinto Coal - Australia
- IHS Mccloskey Coal Group - USA
- Interocean Group of Companies - India
- OPG Power Generation Pvt Ltd - India
- Medco Energi Mining Internasional
- Independent Power Producers Association of India
- Essar Steel Hazira Ltd - India
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