We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Saturday, 08 August 09
SULTAN MINING SIGNS P8-BILLION, 10-YEAR COAL-SUPPLY CONTRACT WITH KEPCO POWER CORP.
 COAL developer Sultan Mining and Energy Development Corp. (SMEDC) reported on Thursday that its subsidiary MG Mining and Energy Corp. signed an P8-billion supply contract with Kepco-SPC Power Corp. (KSPC).
Under the contract, MG Mining will deliver 320,000 tons of coal to KSPC’s 200-megawatt base-load power plant in Naga, Cebu, once it begins commercial operations sometime next year.
“We are very pleased to have signed this contract as a Filipino corporation, since this will help in easing the country’s dependence on imported energy sources, as well as help in conserving foreign-currency reserves,” Rufino Bomasang, SMEDC vice chairman and senior adviser, said.
He added that the agreement with KSPC is in line with the government’s thrust of promoting energy independence.
Michael Morales, SMEDC vice president for marketing, said KSPC has approved the quality of the coal after having met their specification.
Morales added that the contract is based on the delivery of coal with a burning quality of 4,300 kilocalories per kilo upon delivery.
However, he noted that MG Mining’s coal actually has higher calorific value than the KSPC requirement in the contract, as reflected in its ongoing coal deliveries to its existing customers since 2007.
MG Mining will initially be sourcing the coal from its mine in Bislig, Surigao del Sur, but also plans to offer, for KSPC’s approval, coal from the much-bigger Daguma coal reserves in Sultan Kudarat and South Cotabato once the mine there comes into full production next year.
With the specifications of coal required by the supply contract to KSPC, Morales said MG Mining is confident that even the Daguma coal will meet the requirement.
Bomasang said the Department of Energy has already granted the approval for the development and production of coal in the Daguma deposit.
Independent validation of the coal reserves indicates that the Bislig mine contains about 62 million tons of coal resources and about 30 million metric tons (MT) of minable reserves, while the company reported that Daguma has already blocked coal resources of 426 million tons.
Initial exploration and drilling have also blocked 55 million metric tons of minable reserves in 526 hectares of the 7,000-hectare coal property.
MG Mining said it expects to identify more minable reserves as it does more detailed work in the rest of the Daguma deposit.
The KSPC contract, according to MG Mining, only requires between 3.2 million MT to 6.4 million MT of minable reserve to complete the coal deliveries, over the 10-year period.
Morales said planning, preparation and development of the mines for the supply of coal to KSPC will begin this month, noting that this will entail additional investments to boost production. In 2008 the Bislig run-of-mine production rose to 200,000 tons of coal.
SMEDC said it still intends to pursue its shelved plans to undertake an initial public offering when market conditions have improved and its supply contract with KSPC will ensure that the public will then be looking at a company with a more solid revenue stream.
“The company will continue to update its registration and information statements with regulators to include positive developments such as this one, in preparation for its eventual public listing,” SMEDC said.
Source:Business Mirror
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Monday, 17 August 09
COAL IMPORTS SURGE IN H1
China is one of the world's leading coal producers. But even so, imports of coal have surged in the first half of the year, hitting a record in Jun ...
Monday, 17 August 09
CHINESE COAL PURCHASE COULD START A TREND
ABC Rural reported that, The takeover of a major Australian coal mining company by Chinese-owned Yanzhou has raised fears coal markets could be domi ...
Saturday, 15 August 09
TWO / THREE YEAR CHARTER RATES FOR SUPRAMAX IS AROUND US$ 15,000-16,000 PER DAY - VISTAAR SHIPPING
COALspot.com (Singapore): The dry bulk market continued to be soft in the beginning of the week, however towards to end of the week the BDI recovere ...
Friday, 14 August 09
ASIA GREEN TO SELL MORE COAL
I Stock Analyst reported that, Asia Green Energy Plc (AGE) aims to increase its coal sales by 20 percent to 1 million tonnes this year, given the gl ...
Friday, 14 August 09
INDONESIA COAL-PRICES FALL TO $74, INDIA EYES SEPT CARGOES
Reuters reported that, Prices of power-station coal from Australia fell to around $74 a tonne as demand eased, while Indian buyers started to look f ...
|
|
|
Showing 6501 to 6505 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Dalmia Cement Bharat India
- Central Java Power - Indonesia
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Energy Development Corp, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- Coastal Gujarat Power Limited - India
- Malabar Cements Ltd - India
- Tamil Nadu electricity Board
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- Wood Mackenzie - Singapore
- Trasteel International SA, Italy
- Gujarat Mineral Development Corp Ltd - India
- Intertek Mineral Services - Indonesia
- TeaM Sual Corporation - Philippines
- Gujarat Sidhee Cement - India
- Kobexindo Tractors - Indoneisa
- Carbofer General Trading SA - India
- Borneo Indobara - Indonesia
- Latin American Coal - Colombia
- Vizag Seaport Private Limited - India
- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Ambuja Cements Ltd - India
- The Treasury - Australian Government
- GMR Energy Limited - India
- Globalindo Alam Lestari - Indonesia
- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
- CIMB Investment Bank - Malaysia
- Gujarat Electricity Regulatory Commission - India
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- LBH Netherlands Bv - Netherlands
- PowerSource Philippines DevCo
- Chettinad Cement Corporation Ltd - India
- Anglo American - United Kingdom
- Jaiprakash Power Ventures ltd
- Deloitte Consulting - India
- Planning Commission, India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Mines - Canada
- Australian Coal Association
- VISA Power Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Rio Tinto Coal - Australia
- Central Electricity Authority - India
- Banpu Public Company Limited - Thailand
- Maharashtra Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Antam Resourcindo - Indonesia
- Kartika Selabumi Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Xindia Steels Limited - India
- Economic Council, Georgia
- Star Paper Mills Limited - India
- Makarim & Taira - Indonesia
- Siam City Cement - Thailand
- Indian Energy Exchange, India
- Kalimantan Lumbung Energi - Indonesia
- Formosa Plastics Group - Taiwan
- Sinarmas Energy and Mining - Indonesia
- ICICI Bank Limited - India
- Marubeni Corporation - India
- Ceylon Electricity Board - Sri Lanka
- PTC India Limited - India
- Vedanta Resources Plc - India
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Aboitiz Power Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Minerals Council of Australia
- Indo Tambangraya Megah - Indonesia
- Iligan Light & Power Inc, Philippines
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- Posco Energy - South Korea
- SN Aboitiz Power Inc, Philippines
- Mercuria Energy - Indonesia
- Ministry of Finance - Indonesia
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Independent Power Producers Association of India
- Interocean Group of Companies - India
- Timah Investasi Mineral - Indoneisa
- Sakthi Sugars Limited - India
- International Coal Ventures Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- IHS Mccloskey Coal Group - USA
- White Energy Company Limited
- Bhatia International Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bhushan Steel Limited - India
- Lanco Infratech Ltd - India
- Jindal Steel & Power Ltd - India
- Sindya Power Generating Company Private Ltd
- Oldendorff Carriers - Singapore
- IEA Clean Coal Centre - UK
- Thai Mozambique Logistica
- PNOC Exploration Corporation - Philippines
- Medco Energi Mining Internasional
- Madhucon Powers Ltd - India
- Kepco SPC Power Corporation, Philippines
- Wilmar Investment Holdings
- TNB Fuel Sdn Bhd - Malaysia
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
- Parliament of New Zealand
- Essar Steel Hazira Ltd - India
- Energy Link Ltd, New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- India Bulls Power Limited - India
- Sical Logistics Limited - India
- Agrawal Coal Company - India
- Toyota Tsusho Corporation, Japan
- Holcim Trading Pte Ltd - Singapore
- Asmin Koalindo Tuhup - Indonesia
- New Zealand Coal & Carbon
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- San Jose City I Power Corp, Philippines
- Australian Commodity Traders Exchange
- Coalindo Energy - Indonesia
- Aditya Birla Group - India
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Riau Bara Harum - Indonesia
- Videocon Industries ltd - India
- Renaissance Capital - South Africa
- Indika Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- Electricity Generating Authority of Thailand
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Bharathi Cement Corporation - India
- Orica Australia Pty. Ltd.
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rashtriya Ispat Nigam Limited - India
- AsiaOL BioFuels Corp., Philippines
- Larsen & Toubro Limited - India
- GAC Shipping (India) Pvt Ltd
- Mjunction Services Limited - India
- Kideco Jaya Agung - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Miang Besar Coal Terminal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Metalloyd Limited - United Kingdom
- Grasim Industreis Ltd - India
- Commonwealth Bank - Australia
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Bulk Trading Sa - Switzerland
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coal and Oil Company - UAE
- Parry Sugars Refinery, India
- Therma Luzon, Inc, Philippines
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Bangladesh Power Developement Board
- Attock Cement Pakistan Limited
- Chamber of Mines of South Africa
- Thiess Contractors Indonesia
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- Africa Commodities Group - South Africa
- Altura Mining Limited, Indonesia
- European Bulk Services B.V. - Netherlands
- Bayan Resources Tbk. - Indonesia
- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Barasentosa Lestari - Indonesia
- Goldman Sachs - Singapore
- The University of Queensland
- Simpson Spence & Young - Indonesia
- Baramulti Group, Indonesia
- SMG Consultants - Indonesia
- Global Coal Blending Company Limited - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Mintek Dendrill Indonesia
- Edison Trading Spa - Italy
- Global Business Power Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Sarangani Energy Corporation, Philippines
- Alfred C Toepfer International GmbH - Germany
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Mercator Lines Limited - India
- Merrill Lynch Commodities Europe
- Indian Oil Corporation Limited
- Power Finance Corporation Ltd., India
- Neyveli Lignite Corporation Ltd, - India
- Samtan Co., Ltd - South Korea
- Karaikal Port Pvt Ltd - India
|
| |
| |
|
