Sunday, 25 Dec 2011
Reuters reported that the Philippines' largest coal producer, Semirara Mining Corp a wholly owned unit had signed 7 year deal to sell up to a 410 MW power capacity to Manila Electric Co.
The deal between Meralco, the country largest power distributor, and Semirara SEM-Calaca Power Corp unit involves an initial contracted capacity of 210 MW which can be increased by 200 MW.
The two parties could extend the deal by three years, Semirara told the stock exchange without disclosing any financial details.
SEM-Calaca owns a 600 MW coal fired thermal power plant in Batangas province, south of Manila while Semirara operates the country biggest coal mine located in the central Visayas region.
Meralco which is indirectly controlled by Hong Kong-based conglomerate First Pacific Co Ltd and partly owned by San Miguel Corp is looking to build power plants with a total capacity of 1,500 MW over the next four years to meet an expected increase in power demand.
(Sourced from Reuters)
Showing posts with label raw mat. Show all posts
Showing posts with label raw mat. Show all posts
Sunday, December 25, 2011
Thursday, February 17, 2011
WISCO inks cooperation deal with ADI on Lac Otelnuk iron ore project
Wednesday, 16 February 2011 13:34:25
Major Chinese steelmaker Wuhan Iron and Steel Group Corp. (WISCO) has announced that on February 15 it signed a cooperation agreement with Canadian iron ore company Adriana Resources Inc. (ADI) for the development, construction and operation of the Lac Otelnuk iron ore project in Quebec, Canada. In January this year, WISCO and ADI signed a binding framework agreement according to which WISCO will hold ADI's interests in the Lac Otelnuk and December Lake iron ore properties in Northern Quebec.
ADI also has iron ore resources in Brazil and Canada. The Lac Otelnuk project has indicated iron ore reserves of 4.29 billion mt and inferred reserves of 1.97 billion mt (grading at about 29 percent Fe), according to ADI's website.
Tags: iron ore , raw mat , China , Canada , Far East , East Asia and Pacific , North America , steelmaking , mining , WISCO , Pellets , Fine ore
Major Chinese steelmaker Wuhan Iron and Steel Group Corp. (WISCO) has announced that on February 15 it signed a cooperation agreement with Canadian iron ore company Adriana Resources Inc. (ADI) for the development, construction and operation of the Lac Otelnuk iron ore project in Quebec, Canada. In January this year, WISCO and ADI signed a binding framework agreement according to which WISCO will hold ADI's interests in the Lac Otelnuk and December Lake iron ore properties in Northern Quebec.
ADI also has iron ore resources in Brazil and Canada. The Lac Otelnuk project has indicated iron ore reserves of 4.29 billion mt and inferred reserves of 1.97 billion mt (grading at about 29 percent Fe), according to ADI's website.
Tags: iron ore , raw mat , China , Canada , Far East , East Asia and Pacific , North America , steelmaking , mining , WISCO , Pellets , Fine ore
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