By Alena Mae S. Flores Posted on May 07, 2013 at 12:00am
The Energy Department awarded three coal operating contracts to PNOC Exploration Corp., the oil and gas unit of state-owned Philippine National Oil Co.
PNOC Exploration said in a disclosure to the stock exchange it obtained three coal operating contracts, namely COCs nos 184, 185 and 186.
COC 184 (Area 19 B) is located in Trento, Agusan del Sur and Lingig, Surigao del Sur. The contract covers an area of 3,000 hectares spread over three coal blocks.
COC 185 (Area 29) covers an area of 2,000 hectares over the municipalities of Buug and Malangas in the province of Zamboanga Sibugay. It includes two coal blocks in the northeastern part of the Malangas coal district, where PNOC Exploration’s underground coal mines are in the development and production stage. source
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