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Tuesday, 05 May 09
PHILIPPINES SEMIRARA STILL EXPECTS HIKE IN COAL SALES - BUSINESS MIRROR
DESPITE the anticipated soft demand resulting from the prevailing global financial crisis, the country’s largest coal producer Semirara Mining Corp. is still seeing a 15-percent to 21-percent jump in sales volume this year.
At the sidelines of its annual stockholders’ meeting on Monday, vice chairman and chief executive Isidro Consunji said its local buyers—made up of power plants, cement industry stakeholders, among others—will continue to boost sales from 3.31 million metric tons (MT) in 2007 to about 3.8 million to 4 million MT this year.
Of that projected sales volume, about 1.5 million MT will go to exports, still a growth from last year’s volume of 992,749 MT.
In terms of sales value, Consunji declined to give numbers due to volatility in prices. “Because of the recession, the prices went down. Coal before was priced $65 but now it is now about $40. So we really expect it to be soft. But according to our buyers, the 3rd or 4th quarter should be good as the economy improves again,” he said.
The company also supplies coal to buyers in India, China and Hong Kong.
“This year we saw our exports to widen. There have been some shipments to Taiwan and couple of shipments to Thailand,” added Consunji.
The company has no significant programmed capital expenditures this year but should the need arises, it can easily tap into its 19 million Treasury shares, which it bought back from the market in 2006, it said.
“If we want to raise liquidity, we can go to the market and sell these shares,” he said. Semirara shares were valued P27.50 each at the end of Monday’s trading at the stock market.
The company ended 2008 with a net profit of P796.4 million from P633.3 million the previous year.
Source: http://businessmirror.com.ph/home/companies/9763-semirara-still-expects-hike-in-coal-sales.html
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Wednesday, 13 May 09
COAL SUPPLY MAY BE VASTLY OVERESTIMATED - ABC SCIENCE
The world's coal supply suggests reserves may be vastly overestimated and we could be facing an unprecedented global energy crisis, according to a ...
Wednesday, 13 May 09
INDONESIA ADARO NET PROFIT, REVENUE TO RISE IN 2009 - REUTERS
INDONESIA's largest coal producer by market value, PT Adaro Energy Tbk, expects double-digit growth in revenue and net profit this year, an officia ...
Wednesday, 13 May 09
ALPHA TO BUY RIVAL, CREATING NEW US COAL HEAVYWEIGHT - MININGWEEKLY.COM
Alpha Natural Resources, the biggest supplier of metallurgical coal in the US, has agreed to buy Maryland-based rival Foundation Coal for about $1,4 ...
Tuesday, 12 May 09
CHINA MINERS CUT COAL PRICE OFFER TO JAPAN UTILITIES - ALIBABA.COM
* Producers cut offer to $75.50 a tonne from over $80
* Negotiations may conclude soon as price gap narrows
* New offer at discount of about 43 pe ...
Tuesday, 12 May 09
INDO TAMBANGRAYA SEES 2010 COAL OUTPUT UP 25 PCT - REUTERS
Indonesian coal miner, PT Indo Tambangraya Megah (ITMG.JK), expects coal output to increase by up to 25 percent next year as production kicks in at ...
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- Leighton Contractors Pty Ltd - Australia
- European Bulk Services B.V. - Netherlands
- Videocon Industries ltd - India
- GAC Shipping (India) Pvt Ltd
- Renaissance Capital - South Africa
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- Antam Resourcindo - Indonesia
- SMG Consultants - Indonesia
- Energy Link Ltd, New Zealand
- Malabar Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Global Business Power Corporation, Philippines
- Planning Commission, India
- Sojitz Corporation - Japan
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- ICICI Bank Limited - India
- Rashtriya Ispat Nigam Limited - India
- Ind-Barath Power Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Gujarat Electricity Regulatory Commission - India
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- Attock Cement Pakistan Limited
- Semirara Mining Corp, Philippines
- Electricity Generating Authority of Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- PTC India Limited - India
- Bhushan Steel Limited - India
- Ceylon Electricity Board - Sri Lanka
- Bank of Tokyo Mitsubishi UFJ Ltd
- Intertek Mineral Services - Indonesia
- GVK Power & Infra Limited - India
- Indogreen Group - Indonesia
- Global Coal Blending Company Limited - Australia
- The Treasury - Australian Government
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- Parry Sugars Refinery, India
- Sarangani Energy Corporation, Philippines
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Vijayanagar Sugar Pvt Ltd - India
- Bukit Baiduri Energy - Indonesia
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Indika Energy - Indonesia
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Salva Resources Pvt Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Australia Pty. Ltd.
- Mjunction Services Limited - India
- Cement Manufacturers Association - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- Makarim & Taira - Indonesia
- Directorate Of Revenue Intelligence - India
- Kideco Jaya Agung - Indonesia
- MS Steel International - UAE
- Trasteel International SA, Italy
- Thiess Contractors Indonesia
- Siam City Cement - Thailand
- Latin American Coal - Colombia
- Tata Chemicals Ltd - India
- Mintek Dendrill Indonesia
- Independent Power Producers Association of India
- Ambuja Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Simpson Spence & Young - Indonesia
- Borneo Indobara - Indonesia
- London Commodity Brokers - England
- PowerSource Philippines DevCo
- Toyota Tsusho Corporation, Japan
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pipit Mutiara Jaya. PT, Indonesia
- Uttam Galva Steels Limited - India
- White Energy Company Limited
- SN Aboitiz Power Inc, Philippines
- Standard Chartered Bank - UAE
- Formosa Plastics Group - Taiwan
- Kumho Petrochemical, South Korea
- Wood Mackenzie - Singapore
- Eastern Coal Council - USA
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- Coastal Gujarat Power Limited - India
- Savvy Resources Ltd - HongKong
- Sakthi Sugars Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Globalindo Alam Lestari - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Meralco Power Generation, Philippines
- Karaikal Port Pvt Ltd - India
- Orica Mining Services - Indonesia
- Grasim Industreis Ltd - India
- Indo Tambangraya Megah - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- IEA Clean Coal Centre - UK
- Bharathi Cement Corporation - India
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- Dalmia Cement Bharat India
- VISA Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Krishnapatnam Port Company Ltd. - India
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- Xindia Steels Limited - India
- Rio Tinto Coal - Australia
- Madhucon Powers Ltd - India
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Australian Coal Association
- Commonwealth Bank - Australia
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Bangladesh Power Developement Board
- South Luzon Thermal Energy Corporation
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bhatia International Limited - India
- Price Waterhouse Coopers - Russia
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- Binh Thuan Hamico - Vietnam
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Cigading International Bulk Terminal - Indonesia
- Vizag Seaport Private Limited - India
- Medco Energi Mining Internasional
- Port Waratah Coal Services - Australia
- The University of Queensland
- GMR Energy Limited - India
- Wilmar Investment Holdings
- Indian Energy Exchange, India
- Manunggal Multi Energi - Indonesia
- New Zealand Coal & Carbon
- Bulk Trading Sa - Switzerland
- ASAPP Information Group - India
- Central Electricity Authority - India
- Riau Bara Harum - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Deloitte Consulting - India
- Bukit Makmur.PT - Indonesia
- Kartika Selabumi Mining - Indonesia
- Economic Council, Georgia
- Mercuria Energy - Indonesia
- Aboitiz Power Corporation - Philippines
- AsiaOL BioFuels Corp., Philippines
- Star Paper Mills Limited - India
- Carbofer General Trading SA - India
- Power Finance Corporation Ltd., India
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Sree Jayajothi Cements Limited - India
- Indonesian Coal Mining Association
- TeaM Sual Corporation - Philippines
- Lanco Infratech Ltd - India
- Jindal Steel & Power Ltd - India
- Chettinad Cement Corporation Ltd - India
- Pendopo Energi Batubara - Indonesia
- Kobexindo Tractors - Indoneisa
- Gujarat Sidhee Cement - India
- Ministry of Finance - Indonesia
- Coal and Oil Company - UAE
- Eastern Energy - Thailand
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Ministry of Mines - Canada
- Sinarmas Energy and Mining - Indonesia
- Vedanta Resources Plc - India
- CIMB Investment Bank - Malaysia
- Edison Trading Spa - Italy
- IHS Mccloskey Coal Group - USA
- Therma Luzon, Inc, Philippines
- Georgia Ports Authority, United States
- Gujarat Mineral Development Corp Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Africa Commodities Group - South Africa
- Oldendorff Carriers - Singapore
- Indian Oil Corporation Limited
- TNB Fuel Sdn Bhd - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- CNBM International Corporation - China
- Merrill Lynch Commodities Europe
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- Mercator Lines Limited - India
- Parliament of New Zealand
- Altura Mining Limited, Indonesia
- Samtan Co., Ltd - South Korea
- Petron Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
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