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Wednesday, 15 July 09
INDONESIAN FIRM SUBMITS LOWEST BID FOR NAPOCOR COAL
ABS-CBN News reported that, An Indonesian firm offered to supply 195,000 tons of thermal coal to top Philippine electricity producer National Power Corp. (Napocor) at $80.50 a ton, cost and freight, the lowest of two bids submitted at a tender on Wednesday, a senior official said.
The offer by PT Delta Mineral International covers three lots of thermal coal, at 65,000 tons each lot.
Another Indonesian company, PT Tanito Harum, gave a bid of $81.69 a ton, C&F, for the same volume of the fuel meant for Napocor's Sual power station on the main island of Luzon.
Napocor has set a budget of $81.72 per ton, C&F, for the coal scheduled for delivery between August and October.
The bids will be subject to further technical evaluation, said Robert Balderas, head of the technical working group for the Sual facility. He added the contract may be formally awarded over the next few weeks.
The state-run firm has so far awarded more than 1.5 million tons in coal supply contracts this year to Indonesian firms. That is less than half of the nearly 3.5 million tons it plans to import for 2009.
Napocor has had several failed tenders, with many prospective suppliers finding its budget too low.
Prices of power-station coal in Australia, a benchmark for Asia, held above $71 a ton over the past week, as supplies of prompt-loading cargoes remain limited
Source: ABS-CBN News
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Friday, 07 August 09
BALTIC DRY INDEX HAS WORST WEEK SINCE OCTOBER AS DEMAND SLOWS
Bloomberg reported that, The Baltic Dry Index, a measure of shipping costs for commodities, had its worst week since October as Chinese demand for s ...
Friday, 07 August 09
COAL-PRICE FORECAST RAISED AT MERRILL ON CHINA, INDIA DEMAND
Bloomberg reported that, Bank of America Corp.’s Merrill Lynch & Co. unit increased its price forecast for Asian power-station coal becaus ...
Friday, 07 August 09
CHINESE DEMAND FOR FOREIGN COAL SOARS
Mining Weekly reported that, Chinese coal imports rocketed by 126,3%, year-on-year, in the first half of this year, the country’s customs auth ...
Thursday, 06 August 09
RICHARDS BAY COAL SHIPMENTS FELL 3% ON YEAR IN JULY
Bloomberg reported that, Richards Bay Coal Terminal, Africa’s largest coal-export facility, exported 3 percent less of the fuel in July than i ...
Thursday, 06 August 09
NTPC LOOKS TO BYPASS STATE TRADING FIRMS ON COAL IMPORT
A reduced coal import bill for NTPC could lead to lower power tariffs
Live mint.com reported that, India’s largest power generation utility ...
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