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Wednesday, 18 March 09
MANILA'S NAPOCOR SAYS BIDDING FOR 100,000T COAL FAILS - REUTERS


Top Philippine electricityproducer National Power Corp (Napocor) was unable to secure 100,000 tonnes of local coal for one of its power plantsfollowing another failed tender on Wednesday, officials said.

The lone bidder, state-run firm PNOC-Exploration Corp(PNOC-EC) (PEC.PS), fell short of the required bid bond of 42.284 million pesos ($872,555), said Edmund Anguluan, chairman of the bidding committee. "We terminated the bidding because of a technical error," he said. Anguluan said the company is planning to hold another tender but added that PNOC-EC has the option to have its offer reconsidered. Napocor had set a budget of 3,537 pesos per tonne, including cost and freight, for the locally-sourced coal. Last month, the power firm awarded 780,000 tonnes in coal contracts to several Indonesian suppliers for shipment this year. To read more Click
Reuters



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Tuesday, 07 July 09
TATA POWER AID THE INDONESIAN COAL MINES
BL reported that Mr Prasad Menon MD of TATA Power aid the Indonesian coal mines PT Kaltim Prima Coal and PT Arutmin Indonesia in which TATA Power ha ...


Tuesday, 07 July 09
ECONOMIC SURVEY 2008-09 OPEN UP COAL TO FUEL POWER PLANTS
TOI reported that the coal ministry's efforts at opening doors for full private entry through open bidding in coal mining got a boost, with the Eco ...


Tuesday, 07 July 09
POWER - STATION COAL MAY RISE ON CHINA DEMAND, SUPPLIES, UBS SAYS
Power-station coal prices in Asia may increase in 2010 because of higher demand from China, the second-largest energy-consuming nation, and supply c ...


Saturday, 04 July 09
FREIGHT FUTURE FOR 3 YEARS UNTIL 2012 WAS FAIRLY SOFT AROUND PANAMAX / US$ 16,000, SUPRAMAX / US$ 13,000 PER DAY
COALspot.com (Singapore): According to Vistaar shipping, an experinced ship operator in Singapore, the freight market was soft with bit nervousness ...


Saturday, 04 July 09
CHINA BUYS 17% OF MINER TECK RESOURCES FOR $1.5 BILLION
* To sell 17.2 percent stake to China Investment Corp * To raise proceeds of C$1.74 bln * Shares rise 3.2 percent  (Adds details. In U.S. dol ...


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