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Saturday, 08 May 10
NAPOCOR BUYS 122,000 TONS COAL - ABC CBN NEWS


ABC - CBN News reported that, State-run National Power Corp. (Napocor) said on Thursday it awarded 2 contracts for the supply of a total 122,000 tons of steam coal for its lone coal-fired plant.

The first contract involved the supply of 50,000 tons of coal awarded to Indonesian firm PT Berau Coal, with delivery in six shipments from August to December, Napocor said on its website (
www.napocor.gov.ph).

Berau made a single offer of $96 per ton, including cost and freight, at a tender for 50,000 tons coal on April 7. The offer was below Napocor's budget of $101.85 per ton of coal with gross calorific value of 5,120-6,640 kcal/kg.

Napocor said in a separate statement on its website that it also awarded a contract to local oil and gas explorer PNOC-Exploration Corp. for the supply of 72,000 tons of coal at P5,597 ($123) a ton in line with the approved budget. The coal will have a gross calorific value of 3,889-6,000 kcal/kg.

Australia's thermal coal, a benchmark for Asia, rose to an 18-month high of $108 a ton last week, supported by threats of a supply disruption in South Africa.

The coal will be used for Napocor's 100-megawatt Naga-Cebu plant in central Philippines. The power firm's coal needs have dropped significantly this year after selling off most of its coal-fueled power plants, part of a wider power reform program.
Source: ABC - CBN News



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Wednesday, 02 February 11
BAYAN TO SUPPLY COAL TO TP UTILITIES LTD
Insider Stories has reportd that, Indonesia's one of the leading coal miner PT Bayan Resources Tbk (BYAN) owned by businessman Dato' Low Tuck ...


Wednesday, 02 February 11
HUGE TONNAGE OVERSUPPLY LOOMING FOR DRY BULK MARKET - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
With the dry bulk market taking another dive yesterday, to just over 1,000 points (1,084), losing more than 2% on the day, it’s more than obvi ...


Monday, 31 January 11
S. SUMATRA COAL RAILWAY TO BE COMPLETED ON SCHEDULE - THE JAKARTA POST
The Jakarta Post reported that, despite land acquisition problems, state coal mining company PT Bukit Asam is upbeat that the development of a railw ...


Monday, 31 January 11
COAL MINER PTBA TO DRIVE OUTPUT WITH ACQUISITIONS - THE JAKARTA GLOBE
The Jakarta Globe reported that, State coal company Perusahaan Tambang Batubara Bukit Asam said its output would increase 34 percent to 17.6 million ...


Saturday, 29 January 11
PRESSURE ON SHIPPING MARKET MAY CONTINUE UNTIL MID FEBRUARY 2011
COALspot.com - The BDI continues to drop and saw a drop of about 5 pct this week closing at 1370 points. In  May 2010 the BDI touched 4,209 ...


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