COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
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



If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Tuesday, 05 May 09
NEWCASTLE PORT'S WEEKLY COAL EXPORTS INCREASE - BLOOMBERG
COAL shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, rose 18 percent last week while the numb ...


Tuesday, 05 May 09
INDONESIA'S ADARO PAYS $78.6 MLN FOR COAL-BARGING FIRM - REUTERS
INDONESIA's largest coal producer by market value, PT Adaro Energy Tbk, said late on Monday it paid $78.6 million for a 74 percent stake in Orchard ...


Monday, 04 May 09
VISTAAR SINGAPORE SAYS, THIS MONTH DRY BULK FREIGHT LIKELY TO COME DOWN
COALspot.com (Singapore) - VISTAAR shipping Services Pte Limited of Singapore, said, the beginning of last week started with bit of weakness an ...


Monday, 04 May 09
PNOC-EC TO GROW COAL OPERATIONS - PHILIPPINE DAILY INQUIRER
LISTED firm Philippine National Oil Co.-Exploration Corp.  plans to expand its operations this year to ensure the steady supply of coal and fur ...


Saturday, 02 May 09
BUMI'S FIRST-QUARTER PROFIT RISES 21% ON COAL PRICE - BLOOMBERG
PT BUMI RESOURCES, Asia’s biggest exporter of power-station coal, said first-quarter profit rose 21 percent after it earned higher prices for ...


   1353 1354 1355 1356 1357   
Showing 6771 to 6775 news of total 6871
News by Category
Popular News
 
Total Members : 28,634
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Jatenergy - Australia
  • Orica Australia Pty. Ltd.
  • J M Baxi & Co - India
  • Samtan Co., Ltd - South Korea
  • Energy Development Corp, Philippines
  • Indian Oil Corporation Limited
  • Oldendorff Carriers - Singapore
  • ASAPP Information Group - India
  • Coaltrans Conferences
  • Kobe Steel Ltd - Japan
  • PNOC Exploration Corporation - Philippines
  • JPower - Japan
  • GHCL Limited - India
  • Mitra SK Pvt Ltd - India
  • Lafarge - France
  • Idemitsu - Japan
  • SN Aboitiz Power Inc, Philippines
  • Malco - India
  • Gresik Semen - Indonesia
  • SRK Consulting
  • Petron Corporation, Philippines
  • Economic Council, Georgia
  • WorleyParsons
  • Humpuss - Indonesia
  • Simpson Spence & Young - Indonesia
  • Arutmin Indonesia
  • World Coal - UK
  • Petrosea - Indonesia
  • Thriveni
  • Adani Power Ltd - India
  • OCBC - Singapore
  • TANGEDCO India
  • Barclays Capital - USA
  • CIMB Investment Bank - Malaysia
  • MS Steel International - UAE
  • Uttam Galva Steels Limited - India
  • Coastal Gujarat Power Limited - India
  • Therma Luzon, Inc, Philippines
  • TeaM Sual Corporation - Philippines
  • Ambuja Cements Ltd - India
  • Coalindo Energy - Indonesia
  • UOB Asia (HK) Ltd
  • GNFC Limited - India
  • Timah Investasi Mineral - Indoneisa
  • Indonesian Coal Mining Association
  • Rio Tinto Coal - Australia
  • ICICI Bank Limited - India
  • Dalmia Cement Bharat India
  • Xindia Steels Limited - India
  • Directorate General of MIneral and Coal - Indonesia
  • HSBC - Hong Kong
  • Glencore India Pvt. Ltd
  • MEC Coal - Indonesia
  • Core Mineral Indonesia
  • Gujarat Mineral Development Corp Ltd - India
  • SGS (Thailand) Limited
  • Maharashtra Electricity Regulatory Commission - India
  • World Bank
  • EIA - United States
  • McKinsey & Co - India
  • Shree Cement - India
  • Australian Coal Association
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Asian Development Bank
  • Renaissance Capital - South Africa
  • DBS Bank - Singapore
  • Vedanta Resources Plc - India
  • Cemex - Philippines
  • Bhatia International Limited - India
  • Standard Chartered Bank - UAE
  • Star Paper Mills Limited - India
  • Mitsubishi Corporation
  • Jindal Steel & Power Ltd - India
  • Central Java Power - Indonesia
  • Bhoruka Overseas - Indonesia
  • GVK Power & Infra Limited - India
  • Indian Energy Exchange, India
  • SMC Global Power, Philippines
  • SASOL - South Africa
  • Japan Coal Energy Center
  • Thiess Contractors Indonesia
  • Kideco Jaya Agung - Indonesia
  • The Treasury - Australian Government
  • International Coal Ventures Pvt Ltd - India
  • Independent Power Producers Association of India
  • White Energy Company Limited
  • Neyveli Lignite Corporation Ltd, - India
  • Attock Cement Pakistan Limited
  • Toyota Tsusho Corporation, Japan
  • Madhucon Powers Ltd - India
  • Merrill Lynch Bank
  • Global Green Power PLC Corporation, Philippines
  • GN Power Mariveles Coal Plant, Philippines
  • Enel Italy
  • Inspectorate - India
  • Deutsche Bank - India
  • RBS Sempra - UK
  • Coal India Limited
  • Electricity Authority, New Zealand
  • Agrawal Coal Company - India
  • Asmin Koalindo Tuhup - Indonesia
  • Panama Canal Authority
  • Barasentosa Lestari - Indonesia
  • Kaltim Prima Coal - Indonesia
  • Aditya Birla Group - India
  • LBH Netherlands Bv - Netherlands
  • Electricity Generating Authority of Thailand
  • Wilmar Investment Holdings
  • GB Group - China
  • Mintek Dendrill Indonesia
  • Total Coal South Africa
  • Infraline Energy - India
  • Manunggal Multi Energi - Indonesia
  • JPMorgan - India
  • Alfred C Toepfer International GmbH - Germany
  • Credit Suisse - India
  • Posco Energy - South Korea
  • Sree Jayajothi Cements Limited - India
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Thai Mozambique Logistica
  • Lanco Infratech Ltd - India
  • Thailand Anthracite
  • Romanian Commodities Exchange
  • Kepco SPC Power Corporation, Philippines
  • Kapuas Tunggal Persada - Indonesia
  • Tata Chemicals Ltd - India
  • Ceylon Electricity Board - Sri Lanka
  • KOWEPO - South Korea
  • Rudhra Energy - India
  • Orica Mining Services - Indonesia
  • Indian School of Mines
  • Billiton Holdings Pty Ltd - Australia
  • Bank of China, Malaysia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Port Waratah Coal Services - Australia
  • Kalimantan Lumbung Energi - Indonesia
  • Vitol - Bahrain
  • Goldman Sachs - Singapore
  • Siam City Cement - Thailand
  • Pinang Coal Indonesia
  • Bangkok Bank PCL
  • PetroVietnam Power Coal Import and Supply Company
  • South Luzon Thermal Energy Corporation
  • Noble Europe Ltd - UK
  • Sarangani Energy Corporation, Philippines
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • Kumho Petrochemical, South Korea
  • San Jose City I Power Corp, Philippines
  • Coeclerici Indonesia
  • Coal and Oil Company - UAE
  • Chamber of Mines of South Africa
  • Africa Commodities Group - South Africa
  • CoalTek, United States
  • Australian Commodity Traders Exchange
  • Pendopo Energi Batubara - Indonesia
  • Sical Logistics Limited - India
  • Bahari Cakrawala Sebuku - Indonesia
  • Gujarat Electricity Regulatory Commission - India
  • Straits Asia Resources Limited - Singapore
  • NTPC Limited - India
  • Maersk Broker
  • Savvy Resources Ltd - HongKong
  • Pipit Mutiara Jaya. PT, Indonesia
  • IEA Clean Coal Centre - UK
  • India Bulls Power Limited - India
  • Moodys - Singapore
  • Tamil Nadu electricity Board
  • Iligan Light & Power Inc, Philippines
  • Minerals Council of Australia
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Metalloyd Limited - United Kingdom
  • Bank of America
  • Globalindo Alam Lestari - Indonesia
  • Carbofer General Trading SA - India
  • bp singapore
  • KEPCO - South Korea
  • U S Energy Resources
  • Bhushan Steel Limited - India
  • Argus Media - Singapore
  • Interocean Group of Companies - India
  • PowerSource Philippines DevCo
  • Britmindo - Indonesia
  • PTC India Limited - India
  • CESC Limited - India
  • Semirara Mining and Power Corporation, Philippines
  • Karbindo Abesyapradhi - Indoneisa
  • Tanito Harum - Indonesia
  • Gupta Coal India Ltd
  • Energy Link Ltd, New Zealand
  • Global Business Power Corporation, Philippines
  • Intertek Mineral Services - Indonesia
  • New Zealand Coal & Carbon
  • Central Electricity Authority - India
  • KPMG - USA
  • Indo Tambangraya Megah - Indonesia
  • Rashtriya Ispat Nigam Limited - India
  • Leighton Contractors Pty Ltd - Australia
  • Runge Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • Deloitte Consulting - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Merrill Lynch Commodities Europe
  • Inco-Indonesia
  • Indorama - Singapore
  • Clarksons - UK
  • Bukit Baiduri Energy - Indonesia
  • globalCOAL - UK
  • Peabody Energy - USA
  • Arch Coal - USA
  • Samsung - South Korea
  • Mitsui
  • EMO - The Netherlands
  • Mechel - Russia
  • Eastern Energy - Thailand
  • Ministry of Mines - Canada
  • Maruti Cements - India
  • ETA - Dubai
  • Vijayanagar Sugar Pvt Ltd - India
  • Sojitz Corporation - Japan
  • Meenaskhi Energy Private Limited - India
  • Aboitiz Power Corporation - Philippines
  • Fearnleys - India
  • Mercator Lines Limited - India
  • CNBM International Corporation - China
  • Kobexindo Tractors - Indoneisa
  • Cement Manufacturers Association - India
  • Maybank - Singapore
  • Cardiff University - UK
  • CCIC - Indonesia
  • Salva Resources Pvt Ltd - India
  • European Bulk Services B.V. - Netherlands
  • Trasteel International SA, Italy
  • Kohat Cement Company Ltd. - Pakistan
  • Sucofindo - Indonesia
  • Latin American Coal - Colombia
  • ANZ Bank - Australia
  • IMC Shipping - Singapore
  • Grasim Industreis Ltd - India
  • Larsen & Toubro Limited - India
  • Anglo American - United Kingdom
  • ACC Limited - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • Eastern Coal Council - USA
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • The India Cements Ltd
  • Mercuria Energy - Indonesia
  • Borneo Indobara - Indonesia
  • Marubeni Corporation - India
  • AsiaOL BioFuels Corp., Philippines
  • Adaro Indonesia
  • The State Trading Corporation of India Ltd
  • Videocon Industries ltd - India
  • GMR Energy Limited - India
  • Singapore Mercantile Exchange
  • Indonesia Power. PT
  • Riau Bara Harum - Indonesia
  • NALCO India
  • Sinarmas Energy and Mining - Indonesia
  • Reliance Power - India
  • Georgia Ports Authority, United States
  • Jorong Barutama Greston.PT - Indonesia
  • Directorate Of Revenue Intelligence - India
  • Heidelberg Cement - Germany
  • Bayan Resources Tbk. - Indonesia
  • TNPL - India
  • Platou - Singapore
  • Cosco
  • Vale Mozambique
  • Gujarat Sidhee Cement - India
  • OPG Power Generation Pvt Ltd - India
  • Vizag Seaport Private Limited - India
  • Surastha Cement
  • Global Coal Blending Company Limited - Australia
  • Ministry of Finance - Indonesia
  • Ministry of Transport, Egypt
  • Asia Cement - Taiwan
  • GAC Shipping (India) Pvt Ltd
  • TNB Fuel Sdn Bhd - Malaysia
  • Miang Besar Coal Terminal - Indonesia
  • IHS Mccloskey Coal Group - USA
  • TRAFIGURA, South Korea
  • Medco Energi Mining Internasional
  • Platts
  • London Commodity Brokers - England
  • Geoservices-GeoAssay Lab
  • Antam Resourcindo - Indonesia
  • Indogreen Group - Indonesia
  • APGENCO India
  • Kartika Selabumi Mining - Indonesia
  • BNP Paribas - Singapore
  • Jaiprakash Power Ventures ltd
  • Berau Coal - Indonesia
  • Bulk Trading Sa - Switzerland
  • UBS Singapore
  • The University of Queensland
  • Maheswari Brothers Coal Limited - India
  • TGV SRAAC LIMITED, India
  • IBC Asia (S) Pte Ltd
  • Coal Orbis AG
  • Sakthi Sugars Limited - India
  • Meralco Power Generation, Philippines
  • Baramulti Group, Indonesia
  • PetroVietnam
  • Shenhua Group - China
  • Xstrata Coal
  • Commonwealth Bank - Australia
  • PLN - Indonesia
  • Indika Energy - Indonesia
  • SUEK AG - Indonesia
  • Chettinad Cement Corporation Ltd - India
  • Essar Steel Hazira Ltd - India
  • Cebu Energy, Philippines
  • Bangladesh Power Developement Board
  • Makarim & Taira - Indonesia
  • Qatrana Cement - Jordan
  • Siam City Cement PLC, Thailand
  • Binh Thuan Hamico - Vietnam
  • Parliament of New Zealand
  • Ince & co LLP
  • Planning Commission, India
  • Wood Mackenzie - Singapore
  • Freeport Indonesia
  • IOL Indonesia
  • Karaikal Port Pvt Ltd - India
  • Formosa Plastics Group - Taiwan
  • PLN Batubara - Indonesia
  • Banpu Public Company Limited - Thailand
  • Krishnapatnam Port Company Ltd. - India
  • Power Finance Corporation Ltd., India
  • Tata Power - India
  • KPCL - India
  • Cargill India Pvt Ltd
  • Price Waterhouse Coopers - Russia
  • Altura Mining Limited, Indonesia
  • Bharathi Cement Corporation - India
  • Bukit Makmur.PT - Indonesia
  • Permata Bank - Indonesia
  • Ernst & Young Pvt. Ltd.
  • Malabar Cements Ltd - India
  • Edison Trading Spa - Italy
  • Thermax Limited - India
  • Thomson Reuters GRC
  • BRS Brokers - Singapore
  • Cigading International Bulk Terminal - Indonesia
  • SMG Consultants - Indonesia
  • Mjunction Services Limited - India
  • Russian Coal LLC
  • Semirara Mining Corp, Philippines
  • Parry Sugars Refinery, India
  • Petrochimia International Co. Ltd.- Taiwan
  • Sindya Power Generating Company Private Ltd
  • Ind-Barath Power Infra Limited - India
  • VISA Power Limited - India
  • McConnell Dowell - Australia
  • ING Bank NV - Singapore