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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
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Saturday, 11 July 09
THE IMPORT OF STEAM COAL FROM INDONESIA & S/A TO INDIA WILL CONTINUE TO INCREASE - VISTAAR
COALspot.com ( Singapore): Vistaar Shipping, an experienced ship operator in Singapore said, The market continued to be soft this with doubts a ...
Friday, 10 July 09
DMO AND ICPR AIMED AT SECURING DOMESTIC COAL SUPPLY
COALspot.com (Indonesia): According to website of DGCMG, the implementation of coal Domestic Market Obligation (DMO) and the Indonesian Coal P ...
Friday, 10 July 09
INDONESIAN MINING LAW IN TRANSITION
Further to the enactment of Law No. 4 of 2009 on Mineral and Coal Mining (“Law 4/2009”), the enactment of various implementing regulatio ...
Thursday, 09 July 09
COAL EXPORTS TO CHINA MAY FALL AS PRICES, SHIPPING RATES RISE
CHINA'S appetite for Australian coal may fall in July and August from earlier highs, due to a recent recovery in regional prices and higher interna ...
Thursday, 09 July 09
GARDA LISTS SHARES IN LOCAL BOURSE
Local coal company PT Garda Tujuh Buana officially listed its shares in the Indonesia Stock Exchange (IDX).
The listing followed the company's p ...
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- Leighton Contractors Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Chettinad Cement Corporation Ltd - India
- ICICI Bank Limited - India
- Electricity Generating Authority of Thailand
- Miang Besar Coal Terminal - Indonesia
- VISA Power Limited - India
- Carbofer General Trading SA - India
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Ind-Barath Power Infra Limited - India
- Bharathi Cement Corporation - India
- Directorate General of MIneral and Coal - Indonesia
- Mercuria Energy - Indonesia
- Bangladesh Power Developement Board
- Samtan Co., Ltd - South Korea
- Ambuja Cements Ltd - India
- LBH Netherlands Bv - Netherlands
- Australian Coal Association
- PowerSource Philippines DevCo
- Power Finance Corporation Ltd., India
- Minerals Council of Australia
- Aboitiz Power Corporation - Philippines
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Maharashtra Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- Deloitte Consulting - India
- GAC Shipping (India) Pvt Ltd
- Orica Mining Services - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- Borneo Indobara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- Global Green Power PLC Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- Kapuas Tunggal Persada - Indonesia
- Planning Commission, India
- Agrawal Coal Company - India
- Eastern Coal Council - USA
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- PNOC Exploration Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Energy Link Ltd, New Zealand
- GVK Power & Infra Limited - India
- Central Java Power - Indonesia
- Jaiprakash Power Ventures ltd
- Iligan Light & Power Inc, Philippines
- Karaikal Port Pvt Ltd - India
- Thiess Contractors Indonesia
- Kaltim Prima Coal - Indonesia
- Bayan Resources Tbk. - Indonesia
- Mercator Lines Limited - India
- Mintek Dendrill Indonesia
- Simpson Spence & Young - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Electricity Regulatory Commission - India
- Meenaskhi Energy Private Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Energy Development Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- Attock Cement Pakistan Limited
- Kumho Petrochemical, South Korea
- Africa Commodities Group - South Africa
- Gujarat Sidhee Cement - India
- McConnell Dowell - Australia
- Holcim Trading Pte Ltd - Singapore
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Directorate Of Revenue Intelligence - India
- Singapore Mercantile Exchange
- South Luzon Thermal Energy Corporation
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- Heidelberg Cement - Germany
- Kepco SPC Power Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Videocon Industries ltd - India
- Georgia Ports Authority, United States
- Merrill Lynch Commodities Europe
- Tamil Nadu electricity Board
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- TeaM Sual Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- Riau Bara Harum - Indonesia
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- Indika Energy - Indonesia
- Ministry of Transport, Egypt
- Goldman Sachs - Singapore
- International Coal Ventures Pvt Ltd - India
- MS Steel International - UAE
- Bhushan Steel Limited - India
- Coalindo Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Independent Power Producers Association of India
- Bhatia International Limited - India
- IHS Mccloskey Coal Group - USA
- Madhucon Powers Ltd - India
- Malabar Cements Ltd - India
- Kobexindo Tractors - Indoneisa
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- Xindia Steels Limited - India
- Maheswari Brothers Coal Limited - India
- Baramulti Group, Indonesia
- Edison Trading Spa - Italy
- India Bulls Power Limited - India
- PTC India Limited - India
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- CNBM International Corporation - China
- Mjunction Services Limited - India
- Chamber of Mines of South Africa
- Parry Sugars Refinery, India
- Toyota Tsusho Corporation, Japan
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- GMR Energy Limited - India
- London Commodity Brokers - England
- Dalmia Cement Bharat India
- Australian Commodity Traders Exchange
- Global Business Power Corporation, Philippines
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Sinarmas Energy and Mining - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Latin American Coal - Colombia
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- The State Trading Corporation of India Ltd
- Gujarat Mineral Development Corp Ltd - India
- Altura Mining Limited, Indonesia
- European Bulk Services B.V. - Netherlands
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
- Rashtriya Ispat Nigam Limited - India
- CIMB Investment Bank - Malaysia
- Antam Resourcindo - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- IEA Clean Coal Centre - UK
- Siam City Cement PLC, Thailand
- Kideco Jaya Agung - Indonesia
- The Treasury - Australian Government
- Semirara Mining Corp, Philippines
- Uttam Galva Steels Limited - India
- Orica Australia Pty. Ltd.
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- Indian Energy Exchange, India
- Pendopo Energi Batubara - Indonesia
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Bukit Asam (Persero) Tbk - Indonesia
- Coal and Oil Company - UAE
- Eastern Energy - Thailand
- Meralco Power Generation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Ministry of Finance - Indonesia
- Sindya Power Generating Company Private Ltd
- Ministry of Mines - Canada
- Romanian Commodities Exchange
- SMC Global Power, Philippines
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- Central Electricity Authority - India
- White Energy Company Limited
- Billiton Holdings Pty Ltd - Australia
- Wood Mackenzie - Singapore
- The University of Queensland
- SN Aboitiz Power Inc, Philippines
- Interocean Group of Companies - India
- Intertek Mineral Services - Indonesia
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Sical Logistics Limited - India
- Banpu Public Company Limited - Thailand
- Kartika Selabumi Mining - Indonesia
- Indonesian Coal Mining Association
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