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Saturday, 04 July 09
MINING CONTRACT SOUGHT FOR COAL AREA IN MASBATE
Because of its coal deposits, a town in Masbate is one of the sites in the country being sought out for exploration and development by mining companies.
The Department of Energy (DOE) said Cataingan, 80 kilometers from the capital city of Masbate, is among 18 areas in the country which are subjects of 25 contract proposals to explore and develop prospective coal sites.
Energy Undersecretary Ramon Allan Oca said the proposals were submitted under the fourth Philippine Energy Contracting Round (PECR) 2009 for coal.
At least 13 local companies submitted the proposals, Oca said in a statement.
It was reported that the DOE intended to finish the technical, legal and financial evaluation of the proposal within a month.
“I don’t want to take this long to avoid any doubts as to what we’re doing,” Oca added.
PECR is a public bidding round aimed at encouraging companies to invest in the country’s energy sector. These contracting rounds, which showcase the country’s potential areas for exploration and development, are expected to spur investments and help cut costly oil imports as well.
Coal block system was offered under PECR 2009 was in the municipality of Cataingan. Five other areas in Bicol that were offered under the same PECR were Caramoran, Panganiban and Viga, all in Catanduanes; Gubat in Sorsogon and Rapu-Rapu in Albay.
The DOE had earlier assured prospective investors that the government had “undertaken a thorough process of resource evaluation to yield high exploration success that is in line with our shared goal of efficient development and production of the coal area.” (PNA)
Source: Balita - com-ph
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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 ...
Tuesday, 21 July 09
FIRST QUARTER COAL MARKET AND EURACOAL'S OUTLOOK FOR THE FUTURE
Euracoal reports that for the first time in many years, the world market for hard coal fell by some 8 % during the first quarter 2009. This latest E ...
Monday, 20 July 09
CHINAS COAL DEMAND, OUTPUT TO PICK UP IN H2 - GROUP 2
Financial24 reported that, China's coal demand is expected to gradually pick up in the second half of the year, and coal output will likely grow fa ...
Monday, 20 July 09
ADANI POWER LAUNCHES IPO, AIMS HIGHER CAPACITY
Economic Times reported that, Adani Power Ltd, a power project development company, promoted by Adani Enterprise went for an initial public offering ...
Monday, 20 July 09
BANPU'S SECOND-HALF PROFIT MAY DROP ON COAL PRICES
Bloomberg Reported that, Banpu Pcl, Thailand’s biggest coal producer, expects profit to decline in the second half from the first six months a ...
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- ICICI Bank Limited - India
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- Ceylon Electricity Board - Sri Lanka
- Eastern Energy - Thailand
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- Bulk Trading Sa - Switzerland
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- Sree Jayajothi Cements Limited - India
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- Rashtriya Ispat Nigam Limited - India
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- Energy Development Corp, Philippines
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- Eastern Coal Council - USA
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- Makarim & Taira - Indonesia
- Thai Mozambique Logistica
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- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Orica Mining Services - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Larsen & Toubro Limited - India
- The University of Queensland
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- Aditya Birla Group - India
- Lanco Infratech Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- SMG Consultants - Indonesia
- Vedanta Resources Plc - India
- Anglo American - United Kingdom
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- PTC India Limited - India
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- Singapore Mercantile Exchange
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- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
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- TeaM Sual Corporation - Philippines
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Neyveli Lignite Corporation Ltd, - India
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- Savvy Resources Ltd - HongKong
- Sarangani Energy Corporation, Philippines
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- Economic Council, Georgia
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- Siam City Cement PLC, Thailand
- Metalloyd Limited - United Kingdom
- Wood Mackenzie - Singapore
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
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- Marubeni Corporation - India
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- Jaiprakash Power Ventures ltd
- Ministry of Transport, Egypt
- Leighton Contractors Pty Ltd - Australia
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- Parliament of New Zealand
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- Standard Chartered Bank - UAE
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- Deloitte Consulting - India
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