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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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Friday, 07 January 11
SRI LANKA NEW PORT TO OFFER SHIP FUEL IN MAY - LBO
LOB reported that, The Sri Lanka Ports Authority (SLPA) plans to start bunkering or ship fuel operations at a new port in southern Hambantota in May ...


Friday, 07 January 11
DRY BULK MARKET ON A FREEFALL, AS THE NEW YEAR EARLY DAYS DONT BRING MANY CHEERS - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market is facing its worst slump in more than two years, falling by 4.75% yesterday to reach 1,544 points, on top of an additional 4.2% ...


Thursday, 06 January 11
OVERSEAS & GENERAL SIGNS AGREEMENT TO EXPAND FOOTPRINT ON COAL LEASE IN INDONESIA - PROACTIVE INVESTORS
Proactive Investors reported that, Overseas & General (ASX: OGL) has entered into a joint operating agreement on the Jambi Coal Lease in Sumatra ...


Thursday, 06 January 11
BANPU EXPECTS ROSY 2011 AS COAL PRICES SKYROCKET - BANGKOK POST
Bangkok Post reported that, Banpu Plc, Asean's largest coal miner, expects minimal impact from the production stoppage at its Daning mine in China ...


Thursday, 06 January 11
COKING COAL CONTRACT PRICE MAY RISE 33% ON AUSTRALIAN FLOODS - BLOOMBERG
Bloomberg reported that, Steelmakers in Asia may be forced to pay as much as 33 percent more for hard coking coal after the worst floods in 50 years ...


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