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Tuesday, 05 May 09
PHILIPPINES SEMIRARA STILL EXPECTS HIKE IN COAL SALES - BUSINESS MIRROR
DESPITE the anticipated soft demand resulting from the prevailing global financial crisis, the country’s largest coal producer Semirara Mining Corp. is still seeing a 15-percent to 21-percent jump in sales volume this year.
At the sidelines of its annual stockholders’ meeting on Monday, vice chairman and chief executive Isidro Consunji said its local buyers—made up of power plants, cement industry stakeholders, among others—will continue to boost sales from 3.31 million metric tons (MT) in 2007 to about 3.8 million to 4 million MT this year.
Of that projected sales volume, about 1.5 million MT will go to exports, still a growth from last year’s volume of 992,749 MT.
In terms of sales value, Consunji declined to give numbers due to volatility in prices. “Because of the recession, the prices went down. Coal before was priced $65 but now it is now about $40. So we really expect it to be soft. But according to our buyers, the 3rd or 4th quarter should be good as the economy improves again,” he said.
The company also supplies coal to buyers in India, China and Hong Kong.
“This year we saw our exports to widen. There have been some shipments to Taiwan and couple of shipments to Thailand,” added Consunji.
The company has no significant programmed capital expenditures this year but should the need arises, it can easily tap into its 19 million Treasury shares, which it bought back from the market in 2006, it said.
“If we want to raise liquidity, we can go to the market and sell these shares,” he said. Semirara shares were valued P27.50 each at the end of Monday’s trading at the stock market.
The company ended 2008 with a net profit of P796.4 million from P633.3 million the previous year.
Source: http://businessmirror.com.ph/home/companies/9763-semirara-still-expects-hike-in-coal-sales.html
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Wednesday, 13 May 09
COAL SUPPLY MAY BE VASTLY OVERESTIMATED - ABC SCIENCE
The world's coal supply suggests reserves may be vastly overestimated and we could be facing an unprecedented global energy crisis, according to a ...
Wednesday, 13 May 09
INDONESIA ADARO NET PROFIT, REVENUE TO RISE IN 2009 - REUTERS
INDONESIA's largest coal producer by market value, PT Adaro Energy Tbk, expects double-digit growth in revenue and net profit this year, an officia ...
Wednesday, 13 May 09
ALPHA TO BUY RIVAL, CREATING NEW US COAL HEAVYWEIGHT - MININGWEEKLY.COM
Alpha Natural Resources, the biggest supplier of metallurgical coal in the US, has agreed to buy Maryland-based rival Foundation Coal for about $1,4 ...
Tuesday, 12 May 09
CHINA MINERS CUT COAL PRICE OFFER TO JAPAN UTILITIES - ALIBABA.COM
* Producers cut offer to $75.50 a tonne from over $80
* Negotiations may conclude soon as price gap narrows
* New offer at discount of about 43 pe ...
Tuesday, 12 May 09
INDO TAMBANGRAYA SEES 2010 COAL OUTPUT UP 25 PCT - REUTERS
Indonesian coal miner, PT Indo Tambangraya Megah (ITMG.JK), expects coal output to increase by up to 25 percent next year as production kicks in at ...
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- International Coal Ventures Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kepco SPC Power Corporation, Philippines
- Xindia Steels Limited - India
- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- Semirara Mining and Power Corporation, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Riau Bara Harum - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Banpu Public Company Limited - Thailand
- Indonesian Coal Mining Association
- Aditya Birla Group - India
- Sinarmas Energy and Mining - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- OPG Power Generation Pvt Ltd - India
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Kideco Jaya Agung - Indonesia
- Heidelberg Cement - Germany
- Edison Trading Spa - Italy
- IEA Clean Coal Centre - UK
- Krishnapatnam Port Company Ltd. - India
- Uttam Galva Steels Limited - India
- Iligan Light & Power Inc, Philippines
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- CIMB Investment Bank - Malaysia
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- The University of Queensland
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- Kobexindo Tractors - Indoneisa
- Coalindo Energy - Indonesia
- Eastern Coal Council - USA
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Mjunction Services Limited - India
- Australian Commodity Traders Exchange
- Economic Council, Georgia
- Neyveli Lignite Corporation Ltd, - India
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- Sical Logistics Limited - India
- Billiton Holdings Pty Ltd - Australia
- Videocon Industries ltd - India
- Dalmia Cement Bharat India
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Jaiprakash Power Ventures ltd
- ICICI Bank Limited - India
- TeaM Sual Corporation - Philippines
- GAC Shipping (India) Pvt Ltd
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
- Bahari Cakrawala Sebuku - Indonesia
- CNBM International Corporation - China
- Port Waratah Coal Services - Australia
- Savvy Resources Ltd - HongKong
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- TNB Fuel Sdn Bhd - Malaysia
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- Mercator Lines Limited - India
- Central Java Power - Indonesia
- Minerals Council of Australia
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Globalindo Alam Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Siam City Cement - Thailand
- Power Finance Corporation Ltd., India
- Kaltim Prima Coal - Indonesia
- Baramulti Group, Indonesia
- Bangladesh Power Developement Board
- Planning Commission, India
- Bulk Trading Sa - Switzerland
- Romanian Commodities Exchange
- ASAPP Information Group - India
- Medco Energi Mining Internasional
- Asmin Koalindo Tuhup - Indonesia
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- Sree Jayajothi Cements Limited - India
- Oldendorff Carriers - Singapore
- Renaissance Capital - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- Indika Energy - Indonesia
- Indian Oil Corporation Limited
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- McConnell Dowell - Australia
- Star Paper Mills Limited - India
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Ministry of Mines - Canada
- Coastal Gujarat Power Limited - India
- Pendopo Energi Batubara - Indonesia
- Bharathi Cement Corporation - India
- Bhatia International Limited - India
- Semirara Mining Corp, Philippines
- Chamber of Mines of South Africa
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- Gujarat Sidhee Cement - India
- Bhushan Steel Limited - India
- Straits Asia Resources Limited - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Borneo Indobara - Indonesia
- Intertek Mineral Services - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- PTC India Limited - India
- Manunggal Multi Energi - Indonesia
- Mercuria Energy - Indonesia
- SMC Global Power, Philippines
- Bayan Resources Tbk. - Indonesia
- SN Aboitiz Power Inc, Philippines
- Electricity Authority, New Zealand
- Altura Mining Limited, Indonesia
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- Parry Sugars Refinery, India
- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- Holcim Trading Pte Ltd - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Goldman Sachs - Singapore
- IHS Mccloskey Coal Group - USA
- Ministry of Finance - Indonesia
- Vedanta Resources Plc - India
- Deloitte Consulting - India
- Ambuja Cements Ltd - India
- Formosa Plastics Group - Taiwan
- Tamil Nadu electricity Board
- Maheswari Brothers Coal Limited - India
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- London Commodity Brokers - England
- Bukit Baiduri Energy - Indonesia
- White Energy Company Limited
- Cement Manufacturers Association - India
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- Aboitiz Power Corporation - Philippines
- South Luzon Thermal Energy Corporation
- Global Green Power PLC Corporation, Philippines
- Directorate Of Revenue Intelligence - India
- Commonwealth Bank - Australia
- Tata Chemicals Ltd - India
- Africa Commodities Group - South Africa
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Vizag Seaport Private Limited - India
- European Bulk Services B.V. - Netherlands
- Rio Tinto Coal - Australia
- Carbofer General Trading SA - India
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- Kumho Petrochemical, South Korea
- Agrawal Coal Company - India
- Kapuas Tunggal Persada - Indonesia
- Independent Power Producers Association of India
- Posco Energy - South Korea
- Wilmar Investment Holdings
- Energy Development Corp, Philippines
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- Timah Investasi Mineral - Indoneisa
- Larsen & Toubro Limited - India
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Australian Coal Association
- Latin American Coal - Colombia
- Georgia Ports Authority, United States
- Therma Luzon, Inc, Philippines
- Coal and Oil Company - UAE
- Karaikal Port Pvt Ltd - India
- Attock Cement Pakistan Limited
- MS Steel International - UAE
- Petron Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- Orica Australia Pty. Ltd.
- Offshore Bulk Terminal Pte Ltd, Singapore
- Simpson Spence & Young - Indonesia
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- Metalloyd Limited - United Kingdom
- Singapore Mercantile Exchange
- The State Trading Corporation of India Ltd
- Chettinad Cement Corporation Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- New Zealand Coal & Carbon
- Gujarat Mineral Development Corp Ltd - India
- Essar Steel Hazira Ltd - India
- Ministry of Transport, Egypt
- Interocean Group of Companies - India
- Parliament of New Zealand
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