Finally, coal from Bislig City has a buyer. Sultan Mining and Energy Development Corporation, with its subsidiary firm, MG Mining and Energy Corp., entered into contract with the Glencore International AG of Switzerland. According to the Energy Department, that under the terms of the contract, Glencore International will buy from MG Mining a total of 90,000 metric tons of steam coal for delivery between August and December 2008.Steam coal or bituminous coal has a broad range of commercial uses and has long been utilized for steam generation in electric power plants and industrial boiler plants.
Wednesday, July 16, 2008
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