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Thursday, 08 April 10
NAPOCOR GETS ONE OFFER AT COAL TENDER - ABS CBN


ABS- CBN News reported that, Philippine power producer National Power Corp. (Napocor) is likely to buy 50,000 tons of steam coal from PT Berau Coal at $96 a ton, including cost and freight, after the Indonesian firm made the lone offer at a tender on Wednesday.

The coal, with gross calorific value of 5,120-6,640 kcal/kg and meant for Napocor's Naga-Cebu plant, would be delivered in 6 shipments from August to December.

Berau's offer is still subject to further evaluation but "most likely it will be awarded" the supply contract, said Rosalito Castillo, a member of Napocor's bidding committee.

The offer was below Napocor's budget of $101.85 per ton.

Napocor's coal needs had dropped significantly this year after privatising most of its coal-fueled power plants. The 100-megawatt Naga-Cebu plant is the lone coal plant that Napocor is operating.

Australia's thermal coal, a benchmark for Asia, stayed above $95 a ton last week, supported by renewed demand from China.
Source: ABS-CBN News



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Recent News

Wednesday, 21 April 10
INDONESIA SHIPPED 13.24 PERCENT MORE COAL IN MARCH THAN A MONTH EARLIER
COALspot.com: Indonesia, the world largest coal exporter, shipped 27,615,191 MT of coal in March 2010, compare to 24.38 million tons in January and ...


Tuesday, 20 April 10
INDO HARUM ENERGY WINS US$200MN LOAN PLEDGE FROM BANK SYNDICATE
Indonesian coal producer PT Harum Energy has secured a loan commitment of US$200 million from a syndicate of six banks. Bank of Tokyo Mitsubishi ...


Tuesday, 20 April 10
PACIFIC SUPRA MARKET WAS STILL SOFTENING - BRS
A modest increase in dry bulk rates this week with activity picking up in the middle of the week. Panamax rates remain above the Capes, and there wa ...


Monday, 19 April 10
IS CHINA TO SUFFER NEW COAL SUPPLY SHORTAGE IN 2010? - XINHUA
Is China likely to suffer a new coal supply shortage in 2010? It's a question haunting many Chinese market analysts now. After a string of several ...


Monday, 19 April 10
WHITE ENERGY BUYS SA COAL - ABC NET
ABC Net reported that, South Australian Coal Limited is being bought by the New South Wales company White Energy. Shareholders will get a combine ...


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