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.
|
|
Wednesday, 22 July 09
TAIPOWER RECEIVES 37 OFFERS IN TENDERS
State utility Taiwan Power has received offers for 37 panamax cargoes of bituminous and sub-bituminous coal in two tenders involving 12 panamax ship ...
Wednesday, 22 July 09
PRIME MINISTER APPROVAL SOUGHT TO HIKE COAL PRICES IN INDIA
PTI reported that decrying the low prices of the industrial fuel, the coal ministry will approach Dr Manmohan Singh PM of India next month for raisi ...
Tuesday, 21 July 09
BHATIA SAYS GETS ORDER FOR 800,000T COAL FROM KPCL
Reuters reported that, Indian traders Bhatia received on Tuesday a purchase order for 800,000 tonnes thermal coal at $63.00 C&F from Karnataka P ...
Tuesday, 21 July 09
NZ'S PIKE RIVER SAYS SELLS COAL AT $128 PER TONNE
Reuters reported that, New Zealand miner Pike River Coal said on Tuesday it had sold its premium hard coking coal at $128 a tonne for the curr ...
Tuesday, 21 July 09
NEWCASTLE COAL EXPORTS FALL 5%, SHIP QUEUE INCREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, fell 5 per ...
|
|
|
Showing 6576 to 6580 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Sindya Power Generating Company Private Ltd
- Posco Energy - South Korea
- Merrill Lynch Commodities Europe
- The Treasury - Australian Government
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- IHS Mccloskey Coal Group - USA
- Malabar Cements Ltd - India
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- Romanian Commodities Exchange
- Latin American Coal - Colombia
- Sarangani Energy Corporation, Philippines
- Baramulti Group, Indonesia
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Bangladesh Power Developement Board
- Bhatia International Limited - India
- Banpu Public Company Limited - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- MS Steel International - UAE
- Kumho Petrochemical, South Korea
- Bhushan Steel Limited - India
- PowerSource Philippines DevCo
- Wood Mackenzie - Singapore
- TNB Fuel Sdn Bhd - Malaysia
- White Energy Company Limited
- Holcim Trading Pte Ltd - Singapore
- Coastal Gujarat Power Limited - India
- Central Java Power - Indonesia
- Indian Oil Corporation Limited
- Metalloyd Limited - United Kingdom
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Lanco Infratech Ltd - India
- SMG Consultants - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- Price Waterhouse Coopers - Russia
- Pendopo Energi Batubara - Indonesia
- SMC Global Power, Philippines
- Miang Besar Coal Terminal - Indonesia
- McConnell Dowell - Australia
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- Africa Commodities Group - South Africa
- San Jose City I Power Corp, Philippines
- Antam Resourcindo - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Heidelberg Cement - Germany
- Eastern Coal Council - USA
- Chamber of Mines of South Africa
- Madhucon Powers Ltd - India
- Cement Manufacturers Association - India
- LBH Netherlands Bv - Netherlands
- Grasim Industreis Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Sakthi Sugars Limited - India
- Kepco SPC Power Corporation, Philippines
- Savvy Resources Ltd - HongKong
- Eastern Energy - Thailand
- Bahari Cakrawala Sebuku - Indonesia
- Parliament of New Zealand
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Global Business Power Corporation, Philippines
- CNBM International Corporation - China
- Siam City Cement - Thailand
- Indonesian Coal Mining Association
- Neyveli Lignite Corporation Ltd, - India
- Larsen & Toubro Limited - India
- Salva Resources Pvt Ltd - India
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- Petron Corporation, Philippines
- The University of Queensland
- Agrawal Coal Company - India
- Samtan Co., Ltd - South Korea
- Orica Mining Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- Ceylon Electricity Board - Sri Lanka
- Cigading International Bulk Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Kartika Selabumi Mining - Indonesia
- Kaltim Prima Coal - Indonesia
- Parry Sugars Refinery, India
- Maheswari Brothers Coal Limited - India
- Thiess Contractors Indonesia
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- Global Coal Blending Company Limited - Australia
- Ministry of Transport, Egypt
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Coalindo Energy - Indonesia
- VISA Power Limited - India
- Sojitz Corporation - Japan
- Meralco Power Generation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Carbofer General Trading SA - India
- International Coal Ventures Pvt Ltd - India
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- Minerals Council of Australia
- Independent Power Producers Association of India
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- Ind-Barath Power Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Mercuria Energy - Indonesia
- PTC India Limited - India
- Kobexindo Tractors - Indoneisa
- OPG Power Generation Pvt Ltd - India
- Mintek Dendrill Indonesia
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- South Luzon Thermal Energy Corporation
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Barasentosa Lestari - Indonesia
- Power Finance Corporation Ltd., India
- Planning Commission, India
- Mercator Lines Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Electricity Authority, New Zealand
- Timah Investasi Mineral - Indoneisa
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Riau Bara Harum - Indonesia
- Krishnapatnam Port Company Ltd. - India
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Jaiprakash Power Ventures ltd
- Vedanta Resources Plc - India
- Vizag Seaport Private Limited - India
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- Electricity Generating Authority of Thailand
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- European Bulk Services B.V. - Netherlands
- Marubeni Corporation - India
- Deloitte Consulting - India
- Georgia Ports Authority, United States
- Thai Mozambique Logistica
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Xindia Steels Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Indogreen Group - Indonesia
- Port Waratah Coal Services - Australia
- Billiton Holdings Pty Ltd - Australia
- Kohat Cement Company Ltd. - Pakistan
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
- Simpson Spence & Young - Indonesia
- IEA Clean Coal Centre - UK
- Gujarat Sidhee Cement - India
- Petrochimia International Co. Ltd.- Taiwan
- Bukit Asam (Persero) Tbk - Indonesia
- Economic Council, Georgia
- Jindal Steel & Power Ltd - India
- Coal and Oil Company - UAE
- Bukit Makmur.PT - Indonesia
- Chettinad Cement Corporation Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Commonwealth Bank - Australia
- Global Green Power PLC Corporation, Philippines
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- India Bulls Power Limited - India
- New Zealand Coal & Carbon
- Makarim & Taira - Indonesia
- Central Electricity Authority - India
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- Bhoruka Overseas - Indonesia
- The State Trading Corporation of India Ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bulk Trading Sa - Switzerland
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- Manunggal Multi Energi - Indonesia
- Australian Coal Association
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- Toyota Tsusho Corporation, Japan
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Dalmia Cement Bharat India
- Medco Energi Mining Internasional
- Aboitiz Power Corporation - Philippines
- Sical Logistics Limited - India
- GAC Shipping (India) Pvt Ltd
|
| |
| |
|
