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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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Tuesday, 05 May 09
NEWCASTLE PORT'S WEEKLY COAL EXPORTS INCREASE - BLOOMBERG
COAL shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, rose 18 percent last week while the numb ...
Tuesday, 05 May 09
INDONESIA'S ADARO PAYS $78.6 MLN FOR COAL-BARGING FIRM - REUTERS
INDONESIA's largest coal producer by market value, PT Adaro Energy Tbk, said late on Monday it paid $78.6 million for a 74 percent stake in Orchard ...
Monday, 04 May 09
VISTAAR SINGAPORE SAYS, THIS MONTH DRY BULK FREIGHT LIKELY TO COME DOWN
COALspot.com (Singapore) - VISTAAR shipping Services Pte Limited of Singapore, said, the beginning of last week started with bit of weakness an ...
Monday, 04 May 09
PNOC-EC TO GROW COAL OPERATIONS - PHILIPPINE DAILY INQUIRER
LISTED firm Philippine National Oil Co.-Exploration Corp. plans to expand its operations this year to ensure the steady supply of coal and fur ...
Saturday, 02 May 09
BUMI'S FIRST-QUARTER PROFIT RISES 21% ON COAL PRICE - BLOOMBERG
PT BUMI RESOURCES, Asia’s biggest exporter of power-station coal, said first-quarter profit rose 21 percent after it earned higher prices for ...
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- Deloitte Consulting - India
- Iligan Light & Power Inc, Philippines
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- Chettinad Cement Corporation Ltd - India
- Ministry of Finance - Indonesia
- Merrill Lynch Commodities Europe
- Sinarmas Energy and Mining - Indonesia
- Wilmar Investment Holdings
- San Jose City I Power Corp, Philippines
- Electricity Authority, New Zealand
- Xindia Steels Limited - India
- Coal and Oil Company - UAE
- McConnell Dowell - Australia
- Energy Development Corp, Philippines
- Alfred C Toepfer International GmbH - Germany
- Port Waratah Coal Services - Australia
- Meralco Power Generation, Philippines
- Sree Jayajothi Cements Limited - India
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Medco Energi Mining Internasional
- Singapore Mercantile Exchange
- Rashtriya Ispat Nigam Limited - India
- Altura Mining Limited, Indonesia
- Formosa Plastics Group - Taiwan
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Salva Resources Pvt Ltd - India
- Heidelberg Cement - Germany
- New Zealand Coal & Carbon
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- Jindal Steel & Power Ltd - India
- Ministry of Mines - Canada
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- Indian Energy Exchange, India
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- Kartika Selabumi Mining - Indonesia
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- Kohat Cement Company Ltd. - Pakistan
- Holcim Trading Pte Ltd - Singapore
- Karbindo Abesyapradhi - Indoneisa
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- European Bulk Services B.V. - Netherlands
- IEA Clean Coal Centre - UK
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- Samtan Co., Ltd - South Korea
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- Pipit Mutiara Jaya. PT, Indonesia
- Australian Commodity Traders Exchange
- Thai Mozambique Logistica
- Global Coal Blending Company Limited - Australia
- Eastern Coal Council - USA
- Baramulti Group, Indonesia
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- Lanco Infratech Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
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- Australian Coal Association
- Economic Council, Georgia
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- Tamil Nadu electricity Board
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- Bukit Baiduri Energy - Indonesia
- Maheswari Brothers Coal Limited - India
- Semirara Mining Corp, Philippines
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- Directorate General of MIneral and Coal - Indonesia
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- OPG Power Generation Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Toyota Tsusho Corporation, Japan
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- Indonesian Coal Mining Association
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- Trasteel International SA, Italy
- Timah Investasi Mineral - Indoneisa
- Independent Power Producers Association of India
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- Kapuas Tunggal Persada - Indonesia
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- Orica Australia Pty. Ltd.
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- Wood Mackenzie - Singapore
- Bhatia International Limited - India
- Standard Chartered Bank - UAE
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- Mercuria Energy - Indonesia
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- Mjunction Services Limited - India
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- Sojitz Corporation - Japan
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- Posco Energy - South Korea
- Kalimantan Lumbung Energi - Indonesia
- Electricity Generating Authority of Thailand
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- Kaltim Prima Coal - Indonesia
- Coastal Gujarat Power Limited - India
- Siam City Cement PLC, Thailand
- Commonwealth Bank - Australia
- Cement Manufacturers Association - India
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- Directorate Of Revenue Intelligence - India
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- Intertek Mineral Services - Indonesia
- Siam City Cement - Thailand
- Petron Corporation, Philippines
- Straits Asia Resources Limited - Singapore
- Energy Link Ltd, New Zealand
- SN Aboitiz Power Inc, Philippines
- The University of Queensland
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- Banpu Public Company Limited - Thailand
- Latin American Coal - Colombia
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- PTC India Limited - India
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- CIMB Investment Bank - Malaysia
- Aboitiz Power Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Chamber of Mines of South Africa
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- Edison Trading Spa - Italy
- Planning Commission, India
- Oldendorff Carriers - Singapore
- Bank of Tokyo Mitsubishi UFJ Ltd
- GAC Shipping (India) Pvt Ltd
- South Luzon Thermal Energy Corporation
- London Commodity Brokers - England
- Thiess Contractors Indonesia
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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