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Thursday, 15 July 10
SMC TO PURSUE MINDANAO COAL MINING PROJECTS
Philippine Daily Inquirer reported that, DIVERSIFYING CONGLOMERATE San Miguel Corp. is inclined to pursue its coal mining projects in Mindanao despite the ban on open pit mining imposed by the provincial government of South Cotabato.
“We’re not affected (by the ban) in our coal mining activities in Mindanao because we can do underground mining or resort to other ways if they are not amenable to open pit mining,” said company president Ramon S. Ang on the sidelines of Petron Corp.’s stockholders’ meeting on Monday.
Former South Cotabato Gov. Daisy Avance-Fuentes signed last month an environmental code in South Cotabato, which bans open pit mining, before moving on to represent the second district of her province in Congress.
The ordinance might derail the $5.2-billion Tampakan copper-gold project of Sagittarius Mines Inc. and other open-pit mining activities in the province.
Earlier this year, San Miguel acquired three coal mines in South Cotabato and Sultan Kudarat with resources capable of generating initially 1,200 megawatts (MW). These were previously owned by Daguma Agro Minerals Inc., Bonanza Energy Resources Inc. and Sultan Energy Mining and Development Corp.
Ang said San Miguel had planned to put up a 300-MW mine-mouth coal power plant in General Santos City following its acquisition of Daguma’s coal mine. A 300-MW coal facility would need about 750,000 tons of coal a year.
San Miguel is also currently in talks with PNOC-Exploration Corp. to either acquire or form a partnership for the Malangas coal mine in Zamboanga Sibugay, as part of the conglomerate’s efforts to increase the output of its planned coal-fed plants in Mindanao.
Source: Philippine Daily Inquirer (By:Amy R. Remo)
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Wednesday, 30 June 10
U.S. STEAM COAL EXPORTS TO SUPPORT FREIGHT RATES
Booming North American coal exports to China, driven by the country's insatiable need for steel raw materials, will provide support to freight rate ...
Tuesday, 29 June 10
EXPORT LETTER OF CREDIT PLAN DUMPED - THE JAKARTA GLOBE
The Jakartaglobe reported that, Indonesia has canceled a proposed regulation that would have required exporters of commodities such as cocoa, coffee ...
Tuesday, 29 June 10
BUMA TO MOVE AROUND 333 MLN BCM OF OVERBURDEN IN 2010
COALspot.com: PT Delta Dunia Makmur Tbk, holding company of Indonesia's second largest coal mining contractor PT Bukit Makmur Mandiri Utama (BUMA), ...
Tuesday, 29 June 10
DRY BULK'S DOWNFALL FINALLY SHOWING SIGNS OF STABILIZATION
Although the dry bulk market has begun the week where it left off, that is on a downward note, brokers and charterers appear to be on the consensus ...
Monday, 28 June 10
REVISIONS SHOULD AIM MINERAL AND COAL LAW
VIVAnews reported that, the Consortium of Mineral, Coal and Geothermal-Producing Regional Governments (Minerbapabum) is asking the government to per ...
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- Mercator Lines Limited - India
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- Ceylon Electricity Board - Sri Lanka
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- Indonesian Coal Mining Association
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- Indian Energy Exchange, India
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- White Energy Company Limited
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- Global Business Power Corporation, Philippines
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- Chamber of Mines of South Africa
- Ministry of Mines - Canada
- Energy Development Corp, Philippines
- GMR Energy Limited - India
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- Port Waratah Coal Services - Australia
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- Parliament of New Zealand
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- Thiess Contractors Indonesia
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- Goldman Sachs - Singapore
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- Bank of Tokyo Mitsubishi UFJ Ltd
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- GAC Shipping (India) Pvt Ltd
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- Simpson Spence & Young - Indonesia
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- SMC Global Power, Philippines
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- Posco Energy - South Korea
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- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Commonwealth Bank - Australia
- Directorate General of MIneral and Coal - Indonesia
- Coal and Oil Company - UAE
- PTC India Limited - India
- IEA Clean Coal Centre - UK
- Georgia Ports Authority, United States
- Formosa Plastics Group - Taiwan
- Pendopo Energi Batubara - Indonesia
- Medco Energi Mining Internasional
- Singapore Mercantile Exchange
- TNB Fuel Sdn Bhd - Malaysia
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- Sarangani Energy Corporation, Philippines
- Renaissance Capital - South Africa
- European Bulk Services B.V. - Netherlands
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- Global Coal Blending Company Limited - Australia
- Economic Council, Georgia
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- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- Trasteel International SA, Italy
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- Australian Commodity Traders Exchange
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- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Gujarat Sidhee Cement - India
- Leighton Contractors Pty Ltd - Australia
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- Australian Coal Association
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- Timah Investasi Mineral - Indoneisa
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- CIMB Investment Bank - Malaysia
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- IHS Mccloskey Coal Group - USA
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- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
- Minerals Council of Australia
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- Samtan Co., Ltd - South Korea
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- Planning Commission, India
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- Price Waterhouse Coopers - Russia
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- Jorong Barutama Greston.PT - Indonesia
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