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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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Monday, 27 April 09
JSW ENERGY SET TO SNAP UP AFRICAN COAL MINE FOR $70 MN - ECONOMIC TIMES
Sajjan Jindal-led JSW Energy is close to acquiring a sub-Saharan African thermal coal mine, which has reserves of more than 200 million ...
Monday, 27 April 09
INDONESIA MINING RULES MAY DETER INVESTORS-OFFICIALS - REUTERS
Indonesia's rules on foreign divestment of mining projects must be revised to address issues such as finding buyers if Southeast Asia's biggest ec ...
Monday, 27 April 09
UNDERGROUND MINING IN FOREST AREAS NOT SO SIMPLE - THE JAKARTA POST
The government's plan to issue a presidential decree allowing mining companies to mine underground in protected forest concession areas has resulte ...
Monday, 27 April 09
COAL PRICES ABOVE FUNDAMENTALS - STUFF.CO.NZ
Coal prices have defied the gravity of fundamental factors, supported by stockpiling prompted by cheaper prompt prices rather than a reflextion of a ...
Sunday, 26 April 09
MITRA HOPES TO SECURE DEALS WITH TWO COAL FIRMS BY JUNE - THE JAKARTA POST
An integrated oil and gas services company, publicly listed PT Mitra Rajasa, is expecting to seal acquisition deals with two coal companies in June, ...
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- Kohat Cement Company Ltd. - Pakistan
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- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
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- Salva Resources Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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- The State Trading Corporation of India Ltd
- New Zealand Coal & Carbon
- Thiess Contractors Indonesia
- Eastern Coal Council - USA
- Leighton Contractors Pty Ltd - Australia
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- Marubeni Corporation - India
- Coastal Gujarat Power Limited - India
- Electricity Authority, New Zealand
- Mercator Lines Limited - India
- Cement Manufacturers Association - India
- Carbofer General Trading SA - India
- Rashtriya Ispat Nigam Limited - India
- Posco Energy - South Korea
- Kideco Jaya Agung - Indonesia
- Coal and Oil Company - UAE
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- Ministry of Mines - Canada
- Siam City Cement PLC, Thailand
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- Global Business Power Corporation, Philippines
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- White Energy Company Limited
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- Agrawal Coal Company - India
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- Ministry of Finance - Indonesia
- SMC Global Power, Philippines
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- Aditya Birla Group - India
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- International Coal Ventures Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Bhoruka Overseas - Indonesia
- Bhatia International Limited - India
- Alfred C Toepfer International GmbH - Germany
- Indian Energy Exchange, India
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- Singapore Mercantile Exchange
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- Australian Coal Association
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- GAC Shipping (India) Pvt Ltd
- Samtan Co., Ltd - South Korea
- Semirara Mining Corp, Philippines
- Tamil Nadu electricity Board
- Goldman Sachs - Singapore
- CIMB Investment Bank - Malaysia
- Kaltim Prima Coal - Indonesia
- Central Electricity Authority - India
- Essar Steel Hazira Ltd - India
- Bharathi Cement Corporation - India
- Globalindo Alam Lestari - Indonesia
- Energy Link Ltd, New Zealand
- Bukit Makmur.PT - Indonesia
- CNBM International Corporation - China
- Australian Commodity Traders Exchange
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- Miang Besar Coal Terminal - Indonesia
- Vedanta Resources Plc - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Meenaskhi Energy Private Limited - India
- Standard Chartered Bank - UAE
- Romanian Commodities Exchange
- Xindia Steels Limited - India
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
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- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
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- Bhushan Steel Limited - India
- Global Coal Blending Company Limited - Australia
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- Bukit Asam (Persero) Tbk - Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- European Bulk Services B.V. - Netherlands
- Heidelberg Cement - Germany
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- Minerals Council of Australia
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- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Grasim Industreis Ltd - India
- Power Finance Corporation Ltd., India
- Chettinad Cement Corporation Ltd - India
- Trasteel International SA, Italy
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- Kapuas Tunggal Persada - Indonesia
- Formosa Plastics Group - Taiwan
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- Interocean Group of Companies - India
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- Petrochimia International Co. Ltd.- Taiwan
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- MS Steel International - UAE
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Planning Commission, India
- Vizag Seaport Private Limited - India
- Commonwealth Bank - Australia
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- IEA Clean Coal Centre - UK
- Dalmia Cement Bharat India
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- Indian Oil Corporation Limited
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- Edison Trading Spa - Italy
- Mjunction Services Limited - India
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- Aboitiz Power Corporation - Philippines
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- Attock Cement Pakistan Limited
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- TNB Fuel Sdn Bhd - Malaysia
- Sojitz Corporation - Japan
- Siam City Cement - Thailand
- Africa Commodities Group - South Africa
- GN Power Mariveles Coal Plant, Philippines
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- Bangladesh Power Developement Board
- SMG Consultants - Indonesia
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- Economic Council, Georgia
- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
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- Energy Development Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
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- Ministry of Transport, Egypt
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- Indogreen Group - Indonesia
- Renaissance Capital - South Africa
- Mintek Dendrill Indonesia
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- Straits Asia Resources Limited - Singapore
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