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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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Saturday, 20 June 09
MINING LICENSE PROCEDURES `PROPER' - (UPDATE 3)
All 13 coal mining firms operating in Sawahlunto, West Sumatra, complied with procedures in obtaining their licenses, authorities say, as a recent m ...
Saturday, 20 June 09
TECK SEES 2009 COAL SALES AT UPPER-END OF FORECAST
* Sees 2009 coal sales at upper-end it of prior forecast
* Says increased Chinese demand, driving brighter outlook
Teck Resources Ltd said on Fr ...
Saturday, 20 June 09
COAL OUTLOOK DARKENS AS PRODUCERS LOOK FOR PRICING FLEXIBILITY
Russia’s coal output has dropped 17% in the first quarter of the year, with slowing demand and rising tariffs adding gloom to the outlook for ...
Saturday, 20 June 09
AUSTRALIA'S NEWCASTLE THERMAL COAL PRICES FALL 7.7% TO $70.81
Power station coal prices at Australia’s Newcastle port, a benchmark for Asia, fell 7.7 percent, declining for the first time since the week e ...
Saturday, 20 June 09
CHINA'S COAL IMPORTS UP AND EXPORTS DOWN
China’s coal import hit a new monthly high in May, while coal export slumped to a 11-year low, China Securities Journal reported today.
The ...
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- Romanian Commodities Exchange
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- Billiton Holdings Pty Ltd - Australia
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- Indonesian Coal Mining Association
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- PowerSource Philippines DevCo
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- Economic Council, Georgia
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- The University of Queensland
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- Star Paper Mills Limited - India
- Bhatia International Limited - India
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- Electricity Authority, New Zealand
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- Ministry of Transport, Egypt
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- Miang Besar Coal Terminal - Indonesia
- Sojitz Corporation - Japan
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- CNBM International Corporation - China
- Karaikal Port Pvt Ltd - India
- Cement Manufacturers Association - India
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- Intertek Mineral Services - Indonesia
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- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
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- LBH Netherlands Bv - Netherlands
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- Port Waratah Coal Services - Australia
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- India Bulls Power Limited - India
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- Standard Chartered Bank - UAE
- Kohat Cement Company Ltd. - Pakistan
- Power Finance Corporation Ltd., India
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