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Wednesday, 03 June 09
NAPOCOR EXTENDS COAL TENDER FOR SOLE BIDDER - ABS CBNNEWS
National Power Corp. (Napocor), the top Philippine electricity producer, has given the lone bidder at a tender for 195,000 tons of coal more time to sort out its bid, a senior company official said.
Indonesian firm PT Delta Minerals International was the only company that submitted an offer to supply 195,000 tons of steam coal to Napocor's Sual power plant, but Napocor did not accept the bid because of a technicality.
Delta Minerals' Philippine partner, Woodridge Properties Inc., did not submit eligibility documents as required of all bidders, said Edmund Anguluan, who heads the bidding committee.
"I cannot categorically say that it is a failed bidding. We're giving them three days to file a motion for reconsideration," Anguluan told reporters.
Napocor was looking to buy the coal at $73.86 a ton, including cost and freight. The coal, in three lots of 65,000 tons each, is scheduled for delivery from Sept. 24 to Nov. 26.
Last month, Napocor reconsidered a bid by PNOC-Exploration Corp. for 100,000 tons of local blended coal after the Philippine oil and gas explorer submitted a fresh bid.
Anguluan said Napocor cannot afford to run out of coal for its power generation plants but added the company still has enough stocks at the moment.
The power firm failed to buy 195,000 tons of coal for its Pagbilao power station and another 195,000 tons of coal, also for its Sual plant, at two separate tenders last month with prospective suppliers turned off by the low budget.
Napocor has said it needs to import nearly 3.5 million tons of coal this year, and has so far awarded 1.365 million tons to several Indonesian suppliers.
Australian thermal coal prices, a benchmark for Asia, rose to a fresh three-month high of $66.31 a ton last week, supported by gains in crude oil prices and Chinese demand.
Source: http://www.abs-cbnnews.com/business/06/03/09/napocor-extends-coal-tender-sole-bidder
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Thursday, 18 June 09
GERMAN COAL BUYERS SEE LOWER IMPORTS, PRICES
* Coal imports and prices fall as steel industry slumps
* Coal industry grapples with carbon polluter image
German imports of hard coal are like ...
Thursday, 18 June 09
INDIKA GETS APPROVAL ON PETROSEA ACQUISITION
PT Indika Energy, the country’s third-biggest miner, said on Wednesday that its shareholders had approved its plan to acquire an 81.95 percent ...
Thursday, 18 June 09
MORE FUNDS FOR COAL VIDESH ASSET BUY
The government plans to let Coal Videsh, a subsidiary of Coal India, have more than Rs 1,000 crore at its disposal to shop for assets abroad.
&ld ...
Wednesday, 17 June 09
MINE EXPLOSION'S DEATH TOLL HITS 30 - (UPDATE 1 )
Search and rescue workers have discovered the bodies of 30 miners who were killed in a coal mine explosion in the West Sumatra regency of Sawahlunto ...
Wednesday, 17 June 09
S.KOREA UTILITIES INK '09 COAL CONTRACTS WITH CHINA
* S.Korea to buy 3 mln tonnes of coal from China at $78.50/T
* Talks between individual power firms and miners ongoing
South Korean utilities ...
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- The State Trading Corporation of India Ltd
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- Altura Mining Limited, Indonesia
- Australian Coal Association
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- Anglo American - United Kingdom
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- New Zealand Coal & Carbon
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- Wilmar Investment Holdings
- Thai Mozambique Logistica
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- CNBM International Corporation - China
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- Bulk Trading Sa - Switzerland
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- Goldman Sachs - Singapore
- Chamber of Mines of South Africa
- GVK Power & Infra Limited - India
- Borneo Indobara - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Electricity Authority, New Zealand
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- Kapuas Tunggal Persada - Indonesia
- Singapore Mercantile Exchange
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- Trasteel International SA, Italy
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- Savvy Resources Ltd - HongKong
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- GAC Shipping (India) Pvt Ltd
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- Posco Energy - South Korea
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- Power Finance Corporation Ltd., India
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- Romanian Commodities Exchange
- Ceylon Electricity Board - Sri Lanka
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- Medco Energi Mining Internasional
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- Alfred C Toepfer International GmbH - Germany
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- Simpson Spence & Young - Indonesia
- Wood Mackenzie - Singapore
- Salva Resources Pvt Ltd - India
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- Parliament of New Zealand
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- Mercuria Energy - Indonesia
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