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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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Thursday, 16 July 09
NTPC TO ENGAGE BANKERS TO ACQUIRE OVERSEAS COAL MINES
The Hindu reported that, State-run power generation company NTPC said it would appoint merchant bankers next month for acquiring coal mines identifi ...
Thursday, 16 July 09
JAPAN'S J - POWER STARTS OPS AT NEW 600 MW COAL UNIT
Reuters, a worlds leading news agency reported that, Electric Power Development Co (J-Power) said on Thursday it started commercial operations at it ...
Thursday, 16 July 09
DELIVERY OF COAL MINE EXPLORATION THROUGH NEWCASTLE PORT ROSE 11 PERCENT
July 16th, 2009 Newcastle is a port in Australia that provides services in the delivery of coal from Australia to other countries. Newcastle port ha ...
Thursday, 16 July 09
CIL KEEN ON JOINT VENTURES
* Targets to raise production by 10 m tonnes by 2012
* Plans to tap reserves of abandoned mines
The Hindu, an Indian news paper reported that, t ...
Wednesday, 15 July 09
COAL INDIA INVITES EOI FOR COAL MINING IN FOREIGN COUNTRIES
Economict Tmes reported that, Coal India, a leading PSU with a status of Navratna, today, invited Expression of Interest for selection of strategic ...
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