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Thursday, 15 July 10
SMC TO PURSUE MINDANAO COAL MINING PROJECTS
Philippine Daily Inquirer reported that, DIVERSIFYING CONGLOMERATE San Miguel Corp. is inclined to pursue its coal mining projects in Mindanao despite the ban on open pit mining imposed by the provincial government of South Cotabato.
“We’re not affected (by the ban) in our coal mining activities in Mindanao because we can do underground mining or resort to other ways if they are not amenable to open pit mining,” said company president Ramon S. Ang on the sidelines of Petron Corp.’s stockholders’ meeting on Monday.
Former South Cotabato Gov. Daisy Avance-Fuentes signed last month an environmental code in South Cotabato, which bans open pit mining, before moving on to represent the second district of her province in Congress.
The ordinance might derail the $5.2-billion Tampakan copper-gold project of Sagittarius Mines Inc. and other open-pit mining activities in the province.
Earlier this year, San Miguel acquired three coal mines in South Cotabato and Sultan Kudarat with resources capable of generating initially 1,200 megawatts (MW). These were previously owned by Daguma Agro Minerals Inc., Bonanza Energy Resources Inc. and Sultan Energy Mining and Development Corp.
Ang said San Miguel had planned to put up a 300-MW mine-mouth coal power plant in General Santos City following its acquisition of Daguma’s coal mine. A 300-MW coal facility would need about 750,000 tons of coal a year.
San Miguel is also currently in talks with PNOC-Exploration Corp. to either acquire or form a partnership for the Malangas coal mine in Zamboanga Sibugay, as part of the conglomerate’s efforts to increase the output of its planned coal-fed plants in Mindanao.
Source: Philippine Daily Inquirer (By:Amy R. Remo)
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Thursday, 29 July 10
GOVT TOO OPTIMISTIC ON IRON, COAL PRICE
Federal government forecasts of continued strength in iron ore and coal prices, which underpin revenue expectations for the proposed new mining tax, ...
Thursday, 29 July 10
BALTIC INDEXES ARE POSITIVE SINCE A FEW DAYS
Handy
Baltic indexes are positive since a few days which could mean that markets have bottomed out (as we correctly predicted in our report of las ...
Wednesday, 28 July 10
INDONESIA'S MERUKH SECURES US$200 MLN INVESTMENT FROM SAN MIGUEL
Trading Market Reported that, Indonesian mining company Merukh Enterprises said it has secured an investment commitment of US$200 million from the P ...
Wednesday, 28 July 10
RIZAL RISJAD MAY OWN 10% BERAU ENERGY
Rizal Risjad, son of Indonesian tycoon Ibrahim Risjad, might own 10% stakes in PT Berau Coal Energy Tbk (BRAU), parent company of Indonesia's fifth ...
Wednesday, 28 July 10
UNUSUAL RAINS TO HIT COAL EXPORTS
COALspot.com: Heavy rains in South and East Kalimantan have compelled coal exporters to delay or cancel coal exports. PT Bayan and PT. TIA hav ...
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- Latin American Coal - Colombia
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- Ministry of Transport, Egypt
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- Singapore Mercantile Exchange
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- Alfred C Toepfer International GmbH - Germany
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- Ministry of Finance - Indonesia
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- Trasteel International SA, Italy
- Commonwealth Bank - Australia
- SN Aboitiz Power Inc, Philippines
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- SMG Consultants - Indonesia
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- Parliament of New Zealand
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- Standard Chartered Bank - UAE
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- OPG Power Generation Pvt Ltd - India
- The University of Queensland
- Xindia Steels Limited - India
- Australian Coal Association
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- Ambuja Cements Ltd - India
- Georgia Ports Authority, United States
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- International Coal Ventures Pvt Ltd - India
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- Gujarat Electricity Regulatory Commission - India
- Grasim Industreis Ltd - India
- Mintek Dendrill Indonesia
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Binh Thuan Hamico - Vietnam
- Gujarat Sidhee Cement - India
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- Cement Manufacturers Association - India
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- Mercuria Energy - Indonesia
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- Minerals Council of Australia
- Goldman Sachs - Singapore
- Malabar Cements Ltd - India
- Directorate Of Revenue Intelligence - India
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- Indian Energy Exchange, India
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- Heidelberg Cement - Germany
- Manunggal Multi Energi - Indonesia
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- Bhoruka Overseas - Indonesia
- GAC Shipping (India) Pvt Ltd
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- Jindal Steel & Power Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Global Coal Blending Company Limited - Australia
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- South Luzon Thermal Energy Corporation
- Chamber of Mines of South Africa
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
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- Interocean Group of Companies - India
- Bahari Cakrawala Sebuku - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kideco Jaya Agung - Indonesia
- Agrawal Coal Company - India
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- Bangladesh Power Developement Board
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- Kumho Petrochemical, South Korea
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- Tamil Nadu electricity Board
- San Jose City I Power Corp, Philippines
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- Planning Commission, India
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Star Paper Mills Limited - India
- Holcim Trading Pte Ltd - Singapore
- Leighton Contractors Pty Ltd - Australia
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- Renaissance Capital - South Africa
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