SORSOGON UNITED

When we unite, We make our life better

Philippines gives green signal for coal mining

Business Mirror reported that Philippine Department of Energy has approved the mining of this island province’s estimated 1.2 million tonnes of high quality coal deposits under the fourth Philippine Energy Contracting Round of 2009.

The Catanduanes coal district covers 8,000 hectares in 14 upland barangays within Panganiban, San Andres and Caramoran, all major abaca and coconut producing municipalities sitting at the heart of the 1,511.5 square kilometer island. Monte Oro Resources & Energy Inc holds a mining contract for the area awarded by the DOE under the second PECR that year.

MOREI is chaired by Mr Walter Brown, who also a chairman of Philex Mining Corporation. Mr Wilson Sy, former chairman of the Philippine Stock Exchange, is also reportedly a member of its board of directors.

The participation of MOREI in the service contract application with the DOE entitles the joint venture to the Filipino Participation Incentive Allowance that equates to 7.5% of gross proceeds from any future production.

The entire area is capable of yielding 1.2 million metric tonnes of top quality coal with high heating value. Actual mining operations, however, have yet to take place because of opposition by several sectors, including local government units and the Catholic Church.

Mr Rufino Bomansang, a Philippine energy resources expert and VC of MG Mining & Energy Corporation said in a statement that untapped coal resources in the Philippines can produce 1,000 MW to 2,000 MW of electricity in at least 25 years to provide cost effective alternatives to imported oil and coal.

Catanduanes coal is part of the vast energy source prospects in the Bicol region being eyed by the DOE for exploration. The others are in Batan Island of Rapu, Cataingan and Gubat, Bacon and Prieto Diaz in Sorsogon.

source:http://steelguru.com/news/index/2009/08/05/MTA1NzY5/Philippines_gives_green_signal_for_coal_mining_in_Catanduanes.html

Filed under: Government, Sorsogon News Updates, What's Happening Here?,

Twitter Updates

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 909 other followers

RSS OUR DAILY BREAD

  • In the Vine
    One spring after a particularly dreary winter during which she helped a family member through a long illness, Emma found encouragement each time she walked past a cherry tree near her home in Cambridge, England. Bursting out at the top of the pink blossoms grew blossoms of white. A clever gardener had grafted into the tree a branch of white flowers. When Emm […]

RSS DAILY INSPIRATION QUOTES

  • Inspirational Thoughts and More
    If you are looking for inspiration or you have some to share, you will find something on the Inspirational Thoughts and More page to meet your needs.

RSS DAILY VERSE

  • Proverbs 28:10
    Whoever misleads the upright into an evil way will fall into his own pit, but the blameless will have a goodly inheritance.

SHARE THIS BLOG!

Bookmark and Share

Archives

Categories

UPCOMING EVENTS

RSS The Green Economist

  • An error has occurred; the feed is probably down. Try again later.

RSS PINOY OFW

  • An error has occurred; the feed is probably down. Try again later.

FIND OUT MORE! EXPLORE THE BEAUTY OF SORSOGON!!

 

Calendar

August 2009
M T W T F S S
« Jul   Sep »
 12
3456789
10111213141516
17181920212223
24252627282930
31  

eRADIO-SORSOGON

pbndzmssorsogon.blogspot.com  

RSS THIS DAY IN HISTORY

  • First European battle on American soil
    Spanish forces under Pedro Menéndez de Avilés capture the French Huguenot settlement of Fort Caroline, near present-day Jacksonville, Florida. The French, commanded by Rene Goulaine de Laudonniere, lost 135 men in the first instance of colonial warfare between European powers in America. Most of ...
  • Amish convicted in beard-cutting attacks
    16 members of a dissident Amish group in Ohio are convicted of federal hate crimes and conspiracy for forcibly cutting the beards and hair of fellow Amish with whom they had religious differences. The government classified the ruthless attacks as hate crimes because beards and long hair have ...

PESO EXCHANGE RATES TODAY

OFW-ONLINE SERVICES

poea.gov.ph
 

ARE YOU LOOKING for a JOB?

jobsdb.com
 
jobsdb.com
 
jobstreet.com

nrco.dole.gov.ph   poea.gov.ph         phil-job.net  

   
    sorsogonunited.wordpress.com    
sorsogonunited.wordpress.com   sorsogonunited.wordpress.com
   

Proud to be pinoy

Bicol Blog Community

SORSOGONUNITED VISITORS

  • 196,578 Hits

FROM AROUND THE GLOBE

Free counters!

SORSOGONUNITED FRIENDS

del.icio.us

Top Rated

%d bloggers like this: