Skip to main content

Aussie Firm to Operate Coal Mining in Catanduanes

LEGAZPI CITY, March 14 (PNA) – An Australian company has announced that it will soon start its coal mining operations within the island province of Catanduanes in Bicol.

In a statement reaching here over the week, Altura Mining Philippines Inc. (AMPI), a local subsidiary of Australian-owned Altura Mining Limited (ASX: AJM). said the exploration activities are in line with the approved work program and stakeholder consultation process.

The Department of Energy (DOE) awarded the mining rights to AMPI in March 2012 following its successful bid for the first of three coal operating contracts under the Philippine Energy Contracting Round 4 (PECR4).

The mining site initially covers 7,000 hectares identified as “Area 3 Catanduanes,” the same site covered by a contract earlier awarded by the DOE under the PECR of 2009 to Monte Oro Resources and Energy, Inc. which backed out amid strong opposition mounted by local environmentalists some three years ago.

Altura said it is awaiting confirmation of the results of its two remaining bids but did not mention if the areas it is targeting are also in Catanduanes.

The island province, sitting at the eastern seaboard of the Philippines, is gifted with over 1.2 million metric tons of high-quality coal deposits within an 8,000-hectare land area.

When converted into cash based on the prevailing world market price, this volume would be worth P9.4 billion, a recent report citing a US geological survey said.

Area 3 Catanduanes straddles the municipalities of Caramoran, Bagamanoc, Panganiban and Viga--all major abaca and coconut-producing municipalities that sit at the heart of the 1,511.5-square-kilometer island.

The acquisition of Area 3 brings Altura’s total Southeast Asian coal exploration holdings to over 24,000 hectares.

None of the coal to be produced by the firm in the country will be exported, with its Philippine investment geared towards the domestic power supply.(PNA) DSP/FGS/DOC/CBD/ABB

Popular posts from this blog

2008 Civil Service Examination Passers - Examination Passers

Civil Service Examination - Subprofessional
CSC RO V - Rawis, Legazpi City
Date: November 16, 2008 Seq # Examinee No. Examinee Name 1 582872ABALON, MARIAN DOROTHY O 2 586574ABRAGAN, MICHAEL FRANCIS F 3 586733ACAL, KAREN KAYE I 4 586575ACERON, MILANDRO B 5 582785ADOPTANTE, ANGELO LESTER N 6 582766AGUILAR, JEROSS R 7 582952AGUILAR, RORY S 8 586835ALPARAN, OLIVE A 9 586847ALVAREZ, MICHAELSON Y 10 582594ALVAREZ, SEYCHELLE M 11 582572ANGELES, MIRALYN A 12 582669ARCILLA, ARMIE A 13 582904ARCOS, EDEN R 14 582790ATIGA, RIENA M 15 586625AUREUS, EDGAR MANUEL A 16 582761AVENIDO, PRECIOUS B 17 582942AZORES, MYLA E 18 586762BAESA, MARC EDWIN S 19 582559BAEZA, ROWEL G 20 582682BAGHERI, CHERRYMAE C 21 586783BALINGBING, MAY ANN A 22 586661BARBONIO, EUGENE P 23 582812BARRAMEDA, LESLIE H 24 586558

Bicol Registers RP's Fastest 2009 Economic Growth Rate at 8.2%

Legazpi City (12 August) -- Bicol Region's economy grew by 8.2 per cent in 2009, twice its pace in 2008 and much faster than the 1.1 per cent growth at the national level, reports the National Statistical Coordination Board (NSCB) in Bicol. The same report shows that the industry sector remained the strongest performer with an 18.3 per cent expansion. Bicol Region topped all other regions in the country in terms of growth. The Service sector, which remained the biggest contributor to the region's output at 41.8 per cent, grew at a faster rate of 5.0 per cent from 3.8 per cent the previous year. Except for Transportation, Communication and Storage, all subsectors recorded accelerated growths. Growth of Transportation, Communication and Storage slipped to 4.2 per cent from 4.3 per cent in 2008. Trade, on the other hand posted a 2.8 per cent growth, a very slight improvement from the 2.7 per cent expansion in 2008. Similarly, Finance registered an uptrend at 8.5 per cent in 2…

The Good and Bad Sides of Jollibee Virac

Reports say that Jollibee Foods Corporation failed to hit its target of P1-million in sales during the opening day of its Virac store. Still, the reported P740,000 total gross sales is easily the biggest ever for a local store. Too bad most of that moolah is going to Manila to the coffers of the giant fastfood corporation. This is the bad side of having Manila-owned stores like Jollibee, which gets all its raw materials from its commissary in Laguna. The most that it can do to repay Catandunganons who fork over their hard-earned money for burgers, spaghetti, fries and chicken is to at least have the Jollibee Foundation spearhead CSR projects like the Busog-Lusog-Talino feeding program for indigent kinder pupils, build a classroom here and there, and hire local students as restaurant crew under its Skills Enhancement and Education Development for Students (SEEDS) program tie-up with DOLE. On the side, local fast food establishments need not fret over the Jollibee thing; their burge…

10 CSU Graduates Top Bicol Placers in Teachers Exams

LEGAZPI CITY, Jan. 16 (PNA) -- The Professional Regulation Commission (PRC) announced here Wednesday that 10 graduates of the Catanduanes State University (CSU) landed at the top 10 among those who passed the recent Licensure Examination for Teachers (LET) in Bicol. The PRC identified the top 10 passers as Carlito T. Gelito, Joan S. Guerrero, Jinky Lou T. Sarmiento, Ronald A. Teves, Ian Lopez, Eddie Cadag, Donna Nerisse Sapico, Aizel Cerillo, Melvin Fernandez and Daniel L. Alfaro. Gelito placed 3rd in the regional and 10th in the national levels; Guerrero, 4th with 85.80 percent; Sarmiento, 4th with 85.80 percent; Teves, 4th placer with 85.80 percent; Lopez, 5th with 85.60 percent; Cadag, 6th with 85.40 percent; Sapico, 6th with 85.40 percent; Cerillo, 7th with 85.20 percent; Fernandez, 8th with 85 percent and; Alfaro, 9th with 84.80 percent. The PRC, through its Board for Professional Teachers, also honors top 10 placers in the regional level of the LET examinations separately fr…

Bicol Plantations to Receive Grant Money - BM

SORSOGON CITY—Abaca and coconut plantations in the Bicol region have been identified and placed by the Department of Agriculture (DA) under its technology commercialization (TechCom) program which is funded by a grant from the government of Japan. The grant, according to DA regional executive director Jose Dayao, was under Japan’s 2KR (Kennedy Round)-Grant Assistance for Underprivileged Farmers (GAUF) that aims to support a range of diverse projects that adopt appropriate technology for commercial use. Last year, the Tokyo approved a ¥300-million grant under 2KR- GAUF for the Philippines to help tillers who can barely meet their families’ basic needs to raise their income and yield per hectare. The grant equivalent to $2.59 million would benefit small farmers in the country’s poorest provinces, according to Agriculture Secretary Arthur Yap. The project for Bicol’s abaca farms intends to enhance productivity through integrated-farming system dubbed Abakayamanan Program spearheaded…