Calaca's 'operation permit' expired; Delay in PSALM bidding for plant seen.
Byline: MYRNA M. VELASCO Private investors undertaking due diligence on the 600-megawatt Calaca coal-fired power plant being set for re-bidding by the Power Sector Assets and Liabilities Management Corporation (PSALM) are seemingly shocked to discover that the facility's permit to operate is already expired. It...

Semirara Mining earns P1.59 B in 2005, up 21%.
Byline: CHARISSA M. LUCI Semirara Mining Corp.as reported P1.592 billion in audited net profit after taxes (NPAT) in 2005, up by 21 percent from from P1.318 billion in 2004. The 2005 net profit is 11 percent higher than than restated figures of P1.439 billion NPAT...

DoE sees building of new 600-MW plant next year.
Byline: MYRNA M. VELASCO The Department of Energy (DoE) has committed to buck the odds of forecast supply shortfall as it indicated that the construction of a greenfield or new power plant of 600 megawatt capacity is expected to start next year. Energy Secretary Raphael...

Up and down under: as a benchmark for inflation, the australian dollar is at least as good as gold.
As a benchmark for inflation, the Australian dollar is at least as good as gold. IF Hillary Clinton were to resume commodity trading in order to finance her husband's 1996 election campaign, she would probably be accumulating a long position in gold contracts. But if she wanted to speculate...

NPC blending coal to cut on fuel costs.
Byline: MYRNA M. VELASCO State-owned National Power Corporation (NPC) has been maximizing the use of local coal production through a "blending process" that it has been undertaking with imported coal; as a way to cut on its fuel procurement costs. Energy Secretary Vincent S. Perez...

Energy firm seeks license to mine coal in Cebu town.
Byline: MARS W. MOSQUEDA JR. CEBU CITY An international energy company announced that it is now in the process of submitting a formal application to the Department of Energy (DoE) for a new coal operating contract, giving it a license to operate Dalaguete town, Cebu. ...

Treachery: the Communist Party and the Labor Party.
Two days after the outbreak of World War II the Australian Labor Party Executive passed a resolution, endorsed unanimously by Caucus, which was evidently intended to bring Hitler and the Panzer divisions pouring into Poland smartly to heel without the necessity of further exertion. It stated: "The Australian Labor...

PNOC remits P2.4 B to government coffers.
Byline: MYRNA M. VELASCO The Philippine National Oil Company (PNOC) remitted a hefty R2.43 billion to the national government coffers during the threeyear stint of Ambassador Thelmo Y. Cunanan as company chief executive. Such was highlighted among the accomplishments of the state-owned oil firm during...

Mining: dethroning king monopoly. (Special Report: South Africa).
A new mining bill is about to empower blacks, to have a share of the industry that once contributed 45% of GDP. But the traditional mining giants are not happy. Pusch Commey reports. South Africa's economy was built on mining. The discovery of gold in the Witwatersrand...

Forex, fuel price hikes push generation costs up; Meralco power suppliers.
Byline: MYRNA M. VELASCO The devaluation of the peso against foreign currencies, primarily US dollar and the increase in costs of fuels used for generation of electricity have triggered the P0.1737, the generation charge of Manila Electric Companys (Meralco) power suppliers such as stateowned National Power Corporation...