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Ayala power unit eyes Mindanao plant

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The Ayala-led AC Energy Holdings Inc. has partnered with GN Power Ltd. to put up a new coal-fired power facility in Mindanao, a move that may help ease the island’s acute power supply shortage in a few years’ time.

Posted: August 30th, 2013 in Headlines | Read More »

DOE allows Semirara Mining Corp. to resume operations in Antique

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The Department of Energy (DOE) has granted permission to the Semirara Mining Corp. (SMC) to resume extraction operations after it cleared the firm of negligence in the collapse of a mining pit that buried 10 workers.

Posted: June 23rd, 2013 in Latest Business Stories | Read More »

CA maintains decision stopping coal-fired power plant project in Subic

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The Court of Appeals maintained its earlier decision dismissing the writ of kalikasan against the planned 600-megawatt coal-fired power plant of Redondo Peninsula Energy Inc. (RP Energy) allowing the power firm to finally pursue its $1.28 billion project.

Posted: May 28th, 2013 in Latest Business Stories | Read More »

Aboitiz unit seeks to put up 300-MW coal plant

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Aboitiz Power Corp. is planning a 300-megawatt (MW) coal-fired power plant in Toledo City, Cebu, as part of a P190-billion investment plan that will increase the company’s attributable capacity by 50 percent to 3,500 MW in five years.

Posted: May 24th, 2013 in Headlines | Read More »

Study confirms Coal Asia’s Davao deposits

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Coal mining firm Coal Asia Holdings Inc. has secured a third-party validation that the group’s coal deposits in Davao Oriental were economically and technically viable to extract.

Posted: April 1st, 2013 in Latest Business Stories | Read More »

China energy consumption rises 3.9% in 2012

A Chinese New Year ornament is decorated at a private securities company Friday Feb. 8, 2013, in Shanghai, China. Asian markets were mostly up on Wednesday, with Sydney hitting a near three-year high, but Tokyo sank on profit-taking and as the yen picked up strength against the euro and dollar.  AP PHOTO

Energy consumption by China, the world’s leading emitter of C02, rose 3.9 percent in 2012 from the previous year but fell by 3.6 percent per unit of gross domestic product, the government said.

Posted: February 23rd, 2013 in Latest Business Stories | Read More »

In the know: Semirara Mining Corp.

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Semirara Mining Corp., the only large-scale coal producer in the country, sources coal mainly at its Panian mine on Semirara Island in Caluya, Antique.

Posted: February 15th, 2013 in Latest Business Stories | Read More »

Coal Asia unit to start coal production in October ’13

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Coal Asia Holdings Inc. has unveiled plans to fast-track the commercial coal production of flagship subsidiary Titan Mining and Energy Corp. (TMEC) to October this year from the previously targeted date of January 2014.

Posted: February 11th, 2013 in Headlines | Read More »

Philex unit suspends coal mine operations

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brixton energy

A wholly owned subsidiary of Philex Petroleum Corp. has suspended its coal operations to review the viability of the business and its prospects in view of the “unexpected change in market conditions.”

Posted: January 10th, 2013 in Latest Business Stories | Read More »

PSALM seeks coal suppliers for 146-MW power complex in Cebu

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State-run Power Sector Assets and Liabilities Management Corp. is seeking offers for the supply and delivery of P119.5 million worth of local coal to be used for the 146-megawatt Naga power complex in Cebu.

Posted: October 29th, 2012 in Latest Business Stories | Read More »

Coal Asia Holdings shares up by 50% in market debut

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Shares of Coal Asia Holdings soared by 50 percent in the company's stock market debut on Tuesday, Oct. 23, 2012, on optimism over its vast coal reserves.  PHOTO FROM EDSAHOSTING.NET

Shares of Coal Asia Holdings soared by 50 percent in the company’s stock market debut on Tuesday on optimism over its vast coal reserves alongside prospective diversification into power-generation and gas-exploration businesses.

Posted: October 23rd, 2012 in Latest Business Stories | Read More »

PNOC unit to resume coal trading in 2013

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PNOC-EC

PNOC Exploration Corp., the upstream oil and exploration arm of state-run Philippine National Oil Co., is planning to resume its large-scale coal trading by 2013 to shore up its revenues and its contribution to the national coffer.

Posted: October 22nd, 2012 in Latest Business Stories | Read More »

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