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

  • Aiming for the Prize
    In the 1994 fictional movie Forrest Gump, Forrest becomes famous for running. What began as a jog “to the end of the road” continued for three years, two months, fourteen days, and sixteen hours. Each time he arrived at his destination, he set another one and continued to run, zig-zagging across the United States, until one day when he no longer felt like it […]

RSS DAILY INSPIRATION QUOTES

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

RSS DAILY VERSE

  • John 11:25-26
    Jesus said to her, "I am the resurrection and the life. Whoever believes in me, though he die, yet shall he live, and everyone who lives and believes in me shall never die. Do you believe this?"

SHARE THIS BLOG!

Bookmark and Share

Archives

Categories

RSS BICOLTODAY.COM

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

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

  • Microsoft releases Xbox gaming console
    Microsoft releases the Xbox gaming console on November 15, 2001, dramatically influencing the history of consumer entertainment technology. Microsoft CEO Bill Gates first decided to venture into the video game market because he feared that gaming consoles would soon compete with personal computers. ...
  • Baby Fae, infant who received baboon heart transplant, dies
    “Baby Fae,” a month-old infant who had received a baboon-heart transplant, dies at Loma Linda University Medical Center in Loma Linda, California. The infant, named Baby Fae by doctors to protect her parents’ anonymity, was born with hypoplastic left-heart syndrome, an almost always fatal ...

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

  • 198,287 Hits

FROM AROUND THE GLOBE

Free counters!

SORSOGONUNITED FRIENDS

del.icio.us

Top Rated

Top Clicks

  • None
%d bloggers like this: