We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Thursday, 13 August 09
NOBLE'S PROFIT DOUBLES ON GLOUCESTER COAL ACQUISITION
 Bloomberg reported that, Noble Group Ltd., a Hong Kong-based supplier of raw materials from soybeans to coal, said second- quarter profit more than doubled, helped by a one-time gain from the acquisition of Gloucester Coal Ltd.
Net income rose to $248.8 million, or 7.45 cents a share, in the three months to June 30, from $122.5 million, or 3.64 cents, a year earlier, the company said today in a statement to the Singapore Exchange. Sales fell 31 percent to $7.17 billion.
Noble won control of Sydney-based Gloucester Coal in May after raising its cash bid to A$460 million ($387 million) for shares it didn’t already own in the coal miner. First-half net profit margin rose to 1.4 percent, after adjustments for one- time gains, compared with 1.2 percent a year earlier.
“In what remained a difficult economic environment, Noble’s first-half performance represents a very solid result,” Chairman David Eldon said in a statement today. “We have been particularly encouraged by the fact that our net profit margins widened as our pipeline strategy gains traction.”
The Reuters/Jefferies CRB Index, which tracks 19 raw materials including soybeans, sugar, nickel and aluminum, gained 13 percent in the second quarter, after falling 4 percent in the previous three months. The Baltic Dry Index, a measure of shipping costs for commodities, more than doubled to 3,757 at the end of the second quarter from the previous three months, boosted by shipments to China.
Noble shares have gained 96 percent this year, valuing the company at S$6.7 billion ($4.7 billion). The stock rose 2 percent to S$2 on the Singapore stock exchange today before the financial results were released.
Record Volume
Noble handled a record 93 million tons of products in the first half, up 19 percent from a year earlier, the statement said. Agricultural products reported a 7.2 percent gain in gross profit to $224 million, near a record for a six-month period, Noble said.
Commodity suppliers are benefiting as China, the world’s biggest consumer of metals and oilseeds, boosted purchases to build up its stockpiles. China is spending 4 trillion yuan ($586 billion) on an economic stimulus package.
Noble’s energy division, which accounts for about half of its revenue, reported sales of $7.3 billion in the first half, 31 percent lower than a year earlier, the statement said. Sales of metals and minerals including copper and iron ore fell 39 percent to $2.1 billion.
Revenue from agriculture including grains, oilseeds, cocoa and cotton decreased 30 percent to $3.4 billion, the company said. Sales from logistics slid 60 percent to $364 million, the statement said.
Source: Bloomberg
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 14 August 09
GUACOLDA STARTS THIRD COAL-FIRED UNIT
Macorship reported that, Chile’s Empresa Electrica Guacolda said that the third unit at its Guacolda coal-fired power plant began supplying po ...
Thursday, 13 August 09
RIO PREPARES COAL IPO AFTER FAILING TO FIND BUYER
Bloomberg reported that, Rio Tinto Group, the world’s third- largest mining company, is preparing an initial public offering for its U.S. ...
Thursday, 13 August 09
CHINA COAL-PRICES UNCHANGED, BUT LIKELY TO MOVE HIGHER
Alibaba reported that, Spot coal prices in China's top coal port Qinhuangdao were unchanged from a week earlier, but are still looking bullish in t ...
Thursday, 13 August 09
INDONESIA'S BERAU COAL SEES 2010 OUTPUT UP 16 PCT
Reuters reported that, Indonesia's fifth-largest coal miner, PT Berau Coal, expects 2010 production to be nearly 16 percent higher than this year, ...
Thursday, 13 August 09
JAYPEE GROUP. L&T INK RS 4,000-CRORE (US$ 824,818,084) DEAL
Second order bagged by L&T in the supercritical segment.
Jaiprakash Power Ventures Ltd (JPVL), promoted by the $7-billion Jaypee group, has s ...
|
|
|
Showing 6506 to 6510 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Ministry of Finance - Indonesia
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Malabar Cements Ltd - India
- Thai Mozambique Logistica
- Africa Commodities Group - South Africa
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- Bulk Trading Sa - Switzerland
- Bukit Asam (Persero) Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Carbofer General Trading SA - India
- Savvy Resources Ltd - HongKong
- Georgia Ports Authority, United States
- Kideco Jaya Agung - Indonesia
- Ind-Barath Power Infra Limited - India
- Bayan Resources Tbk. - Indonesia
- Aditya Birla Group - India
- AsiaOL BioFuels Corp., Philippines
- Leighton Contractors Pty Ltd - Australia
- VISA Power Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Kartika Selabumi Mining - Indonesia
- Iligan Light & Power Inc, Philippines
- Kumho Petrochemical, South Korea
- Meralco Power Generation, Philippines
- Trasteel International SA, Italy
- Formosa Plastics Group - Taiwan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indika Energy - Indonesia
- Jaiprakash Power Ventures ltd
- Rio Tinto Coal - Australia
- Essar Steel Hazira Ltd - India
- Tata Chemicals Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Borneo Indobara - Indonesia
- Mercuria Energy - Indonesia
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- The University of Queensland
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Meenaskhi Energy Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Economic Council, Georgia
- Global Business Power Corporation, Philippines
- Intertek Mineral Services - Indonesia
- IEA Clean Coal Centre - UK
- Kobexindo Tractors - Indoneisa
- Aboitiz Power Corporation - Philippines
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Antam Resourcindo - Indonesia
- Bukit Makmur.PT - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Wood Mackenzie - Singapore
- PetroVietnam Power Coal Import and Supply Company
- White Energy Company Limited
- Banpu Public Company Limited - Thailand
- Maheswari Brothers Coal Limited - India
- Chettinad Cement Corporation Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Ambuja Cements Ltd - India
- Romanian Commodities Exchange
- Central Java Power - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indonesian Coal Mining Association
- Electricity Authority, New Zealand
- Orica Mining Services - Indonesia
- Indogreen Group - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Power Finance Corporation Ltd., India
- MS Steel International - UAE
- Heidelberg Cement - Germany
- Mercator Lines Limited - India
- Coal and Oil Company - UAE
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- ICICI Bank Limited - India
- Sree Jayajothi Cements Limited - India
- Latin American Coal - Colombia
- Vedanta Resources Plc - India
- Electricity Generating Authority of Thailand
- Port Waratah Coal Services - Australia
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- Vizag Seaport Private Limited - India
- TeaM Sual Corporation - Philippines
- Maharashtra Electricity Regulatory Commission - India
- SN Aboitiz Power Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Australian Commodity Traders Exchange
- Bhushan Steel Limited - India
- Eastern Energy - Thailand
- Petron Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- LBH Netherlands Bv - Netherlands
- Manunggal Multi Energi - Indonesia
- Madhucon Powers Ltd - India
- Coalindo Energy - Indonesia
- Sical Logistics Limited - India
- Oldendorff Carriers - Singapore
- Medco Energi Mining Internasional
- Posco Energy - South Korea
- GMR Energy Limited - India
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Cement Manufacturers Association - India
- Bhoruka Overseas - Indonesia
- Indian Energy Exchange, India
- Makarim & Taira - Indonesia
- Tamil Nadu electricity Board
- Eastern Coal Council - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Billiton Holdings Pty Ltd - Australia
- Grasim Industreis Ltd - India
- Star Paper Mills Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Riau Bara Harum - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Sinarmas Energy and Mining - Indonesia
- India Bulls Power Limited - India
- ASAPP Information Group - India
- Wilmar Investment Holdings
- Marubeni Corporation - India
- Samtan Co., Ltd - South Korea
- Bangladesh Power Developement Board
- Videocon Industries ltd - India
- Global Green Power PLC Corporation, Philippines
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Renaissance Capital - South Africa
- Lanco Infratech Ltd - India
- Parry Sugars Refinery, India
- Altura Mining Limited, Indonesia
- Jindal Steel & Power Ltd - India
- Rashtriya Ispat Nigam Limited - India
- San Jose City I Power Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Edison Trading Spa - Italy
- CNBM International Corporation - China
- Semirara Mining and Power Corporation, Philippines
- Deloitte Consulting - India
- SMG Consultants - Indonesia
- Singapore Mercantile Exchange
- PowerSource Philippines DevCo
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Kaltim Prima Coal - Indonesia
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Attock Cement Pakistan Limited
- Ministry of Transport, Egypt
- Goldman Sachs - Singapore
- Interocean Group of Companies - India
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- Bhatia International Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Bharathi Cement Corporation - India
- Commonwealth Bank - Australia
- Minerals Council of Australia
- International Coal Ventures Pvt Ltd - India
- Merrill Lynch Commodities Europe
- New Zealand Coal & Carbon
- Global Coal Blending Company Limited - Australia
- Petrochimia International Co. Ltd.- Taiwan
- London Commodity Brokers - England
- Ministry of Mines - Canada
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Indian Oil Corporation Limited
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- PTC India Limited - India
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- Independent Power Producers Association of India
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- Thiess Contractors Indonesia
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Parliament of New Zealand
- IHS Mccloskey Coal Group - USA
- McConnell Dowell - Australia
- Baramulti Group, Indonesia
- GVK Power & Infra Limited - India
- Coastal Gujarat Power Limited - India
- Xindia Steels Limited - India
- Standard Chartered Bank - UAE
- Krishnapatnam Port Company Ltd. - India
- Siam City Cement - Thailand
- The Treasury - Australian Government
- Kohat Cement Company Ltd. - Pakistan
- Directorate Of Revenue Intelligence - India
- Sindya Power Generating Company Private Ltd
- Planning Commission, India
- Indo Tambangraya Megah - Indonesia
- Barasentosa Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Mjunction Services Limited - India
|
| |
| |
|
