Napocor said the contracts were awarded on Dec. 18 following tenders on Nov. 26 and 27. The results were posted on the company’s website earlier this week. Ekstrim Prima bagged to supply contract for a total of 130,000 tons of steam coal, composed of one panamax-sized shipment and the remainder to be shipped through eight barges. The first 65,000 tons, at $ 105.5 per ton, cost and freight, is for delivery between Aug.
28 and Sept. 6 The remaining 65,000 tons, at $ 110.95 a ton, C & F, is for delivery in June. The contracts were higher than Napocor s budget by 14 percent to 3. Trubaindo will supply 130,000 tons of steam coal at $ 115.29 a ton, C & F, to the usual plant for delivery in April and May, a deal that is nearly 9 percent above Napocor s budget. Trubaindo will also ship another 130,000 tons to the Pagbilao plant at $ 105.93 a ton, C & F, slightly under the government budget, in June and July. A third company, Indominco Mandiri secured a contract to supply a total of 195,000 tons of steam coal to Pagbilao at $ 102.32 a ton, C & F, for delivery in February, March and September. Balangue remains as SGV chair SGV partners, at a special meeting held on February 3, 2009, affirmed its leadership structure with David l.
Balangue as Chairman and Cirilo p. Noel as Acting Managing Partner of SGV & Co., the accounting firm said in a statement yesterday… Balangue has-been with SGV & Co. for the past 36 years. He is past president of the Philippine Institute of Certified Public Accountants, the Financial Executives Institute of the Philippines, and the Management Association of the Philippines. He is chair of the Standing Interpretations Committee of the Accounting Standards Council and the Philippines-Korea Economic Council and the SGV Foundation. He is also a member of the Board of Trustees of Philippine Business for Social Progress, Makati Business Club and Makati Commercial Estate Association, Inc. xpertise in this. C.P. Noel, until his appointment, was Deputy Cheap Nike Air Max 90 Managing Partner and co-head of the Firm s Tax Division. He brings to the Firm extensive experience in business tax advisory and business consulting on mergers and acquisitions, restructuring, and capital markets. He is a recognized leader for business tax services in ASEAN and the Far East.