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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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Sunday, 26 April 09
INDONESIAN GOVT SAYS COAL MINES CAUSE WEEKLONG FLOOD - THE JAKARTA POST
Samarinda administration in East Kalimantan admitted openly Thursday that the weeklong flood that paralyzed the city was caused by unruly management ...
Saturday, 25 April 09
FOREIGN SHARE DIVESTMENT STARTING THE 6TH YEAR OF PRODUCTION - MAJALAH TAMBANG
The government would set a divestment scheme for foreign miners, which would require companies to divest their ownership starting the 6th year of pr ...
Saturday, 25 April 09
INDO TAMBANGRAYA MEGAH ALLOCATED USD 126 MILLION FOR CAPITAL SPENDING - MAJALAH TAMBANG
Somyot Ruchirawat, President Director of PT Indo Tambangraya Megah, Tbk (ITMG), has announced the company's total dividend payment of Rp 1,345 per ...
Saturday, 25 April 09
MINING SECTOR IS STILL ON THE SURPLUS - THE JAKARTA POST
The global financial crisis is apparently also having an impact on the mining sector. People are thinking twice about investing in the mining sector ...
Saturday, 25 April 09
ADARO RUNS CATARACT OPERATION PROGRAM - THE JAKARTA POST
As part of its CSR program, thermal coal producer PT Adaro Indonesia has made cataract operations available to residents of Tandjung district, South ...
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- Tamil Nadu electricity Board
- Parliament of New Zealand
- Petron Corporation, Philippines
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Pendopo Energi Batubara - Indonesia
- Directorate Of Revenue Intelligence - India
- Power Finance Corporation Ltd., India
- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Therma Luzon, Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Wood Mackenzie - Singapore
- Makarim & Taira - Indonesia
- Kaltim Prima Coal - Indonesia
- Savvy Resources Ltd - HongKong
- Chamber of Mines of South Africa
- Lanco Infratech Ltd - India
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Edison Trading Spa - Italy
- San Jose City I Power Corp, Philippines
- CIMB Investment Bank - Malaysia
- Bhatia International Limited - India
- Bukit Baiduri Energy - Indonesia
- Singapore Mercantile Exchange
- Miang Besar Coal Terminal - Indonesia
- Oldendorff Carriers - Singapore
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Barasentosa Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Ambuja Cements Ltd - India
- Sojitz Corporation - Japan
- Medco Energi Mining Internasional
- Latin American Coal - Colombia
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- Minerals Council of Australia
- Star Paper Mills Limited - India
- VISA Power Limited - India
- Samtan Co., Ltd - South Korea
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Mercator Lines Limited - India
- India Bulls Power Limited - India
- Dalmia Cement Bharat India
- PetroVietnam Power Coal Import and Supply Company
- Asmin Koalindo Tuhup - Indonesia
- Price Waterhouse Coopers - Russia
- Ministry of Finance - Indonesia
- Deloitte Consulting - India
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Kepco SPC Power Corporation, Philippines
- Siam City Cement PLC, Thailand
- Krishnapatnam Port Company Ltd. - India
- Sree Jayajothi Cements Limited - India
- Coal and Oil Company - UAE
- Romanian Commodities Exchange
- Trasteel International SA, Italy
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Indogreen Group - Indonesia
- Xindia Steels Limited - India
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Orica Australia Pty. Ltd.
- Neyveli Lignite Corporation Ltd, - India
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- Globalindo Alam Lestari - Indonesia
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- Meralco Power Generation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Kideco Jaya Agung - Indonesia
- Global Green Power PLC Corporation, Philippines
- Uttam Galva Steels Limited - India
- Parry Sugars Refinery, India
- Chettinad Cement Corporation Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Leighton Contractors Pty Ltd - Australia
- Attock Cement Pakistan Limited
- TNB Fuel Sdn Bhd - Malaysia
- Baramulti Group, Indonesia
- Gujarat Sidhee Cement - India
- Aditya Birla Group - India
- Iligan Light & Power Inc, Philippines
- GVK Power & Infra Limited - India
- Port Waratah Coal Services - Australia
- Bukit Makmur.PT - Indonesia
- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Bahari Cakrawala Sebuku - Indonesia
- OPG Power Generation Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Riau Bara Harum - Indonesia
- Toyota Tsusho Corporation, Japan
- SMC Global Power, Philippines
- Kalimantan Lumbung Energi - Indonesia
- Indo Tambangraya Megah - Indonesia
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- Altura Mining Limited, Indonesia
- Australian Commodity Traders Exchange
- Independent Power Producers Association of India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jindal Steel & Power Ltd - India
- Electricity Authority, New Zealand
- White Energy Company Limited
- Tata Chemicals Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indian Energy Exchange, India
- Timah Investasi Mineral - Indoneisa
- Energy Link Ltd, New Zealand
- Binh Thuan Hamico - Vietnam
- ASAPP Information Group - India
- Ministry of Transport, Egypt
- PowerSource Philippines DevCo
- Kapuas Tunggal Persada - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Madhucon Powers Ltd - India
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- Kumho Petrochemical, South Korea
- Ceylon Electricity Board - Sri Lanka
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Sarangani Energy Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Energy Development Corp, Philippines
- Bangladesh Power Developement Board
- Semirara Mining and Power Corporation, Philippines
- Standard Chartered Bank - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Bukit Asam (Persero) Tbk - Indonesia
- GAC Shipping (India) Pvt Ltd
- Mercuria Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- PNOC Exploration Corporation - Philippines
- Planning Commission, India
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sindya Power Generating Company Private Ltd
- Heidelberg Cement - Germany
- LBH Netherlands Bv - Netherlands
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- Aboitiz Power Corporation - Philippines
- Bhoruka Overseas - Indonesia
- Kartika Selabumi Mining - Indonesia
- Siam City Cement - Thailand
- Mjunction Services Limited - India
- Australian Coal Association
- Jorong Barutama Greston.PT - Indonesia
- CNBM International Corporation - China
- Borneo Indobara - Indonesia
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Goldman Sachs - Singapore
- New Zealand Coal & Carbon
- Karbindo Abesyapradhi - Indoneisa
- MS Steel International - UAE
- PTC India Limited - India
- Straits Asia Resources Limited - Singapore
- Coalindo Energy - Indonesia
- Electricity Generating Authority of Thailand
- Indonesian Coal Mining Association
- Central Java Power - Indonesia
- Bharathi Cement Corporation - India
- Commonwealth Bank - Australia
- Essar Steel Hazira Ltd - India
- McConnell Dowell - Australia
- Marubeni Corporation - India
- Meenaskhi Energy Private Limited - India
- Thiess Contractors Indonesia
- Global Coal Blending Company Limited - Australia
- AsiaOL BioFuels Corp., Philippines
- Carbofer General Trading SA - India
- The Treasury - Australian Government
- Metalloyd Limited - United Kingdom
- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- Georgia Ports Authority, United States
- London Commodity Brokers - England
- Petrochimia International Co. Ltd.- Taiwan
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