Philippine banks move at slow pace in defunding coal
At least 10 Philippine banks give $841 million in loans and participated in $1.3 billion worth of underwriting activities involving at least five coal companies since the 2015 Paris climate agreement
Indonesia sets coal benchmark price at highest in a decade on Chinese demand
JAKARTA, July 5 (Reuters) – Indonesia set its coal benchmark price at the highest in more than a decade, an official document published by its energy and minerals ministry showed on Monday, supported by sustained demand from China.
SMC dropped 3 coal-fired projects, DoE says in letter to think tank
SMC GLOBAL Power Holdings Corp. will no longer be pursuing three planned coal-fired projects with a total capacity of 1,500 megawatts (MW), the Department of Energy (DoE) said in a letter released by non-government organizations.
Cambodia embraces dirty energy fearing drought-driven shortages
Successive droughts in recent years have caused a power crisis in Cambodia, prompting the government to rapidly invest in and build coal and oil plants.
Japan’s Mitsui exits Indonesia’s Paiton coal-fired IPP
Japanese trading house Mitsui has decided to sell its stake in the Paiton coal-fired power plant in Indonesia’s east Java, marking its exit from power operations in the country.
Cambodia gold production starts at nation’s first commercial mine
Cambodia entered the ranks of the world’s gold producers with the start of output in the Okvau region of Keo Seima district in Modulkiri province where Australian mining company, Renaissance Minerals, has carried out 14 years of exploration and research. Its Cambodian subsidiary aims to produce three tonnes of pure gold a year over an […]
First commercial gold mine online
Australian miner Renaissance Minerals (Cambodia) Ltd on June 21 began the commercial operation of its $120 million Okvau Gold Project in the northeastern province of Mondulkiri, becoming the Kingdom’s first gold producer.
Royal Group to dredge sand
Local conglomerate Royal Group of Companies Ltd has received in-principle approval from the government to dredge sand in the Prek Sre Ambel River in northern Koh Kong province to fill some of the areas in the company’s Botum Sakor Special Economic Zone development project and 700MW coal-fired power station.
