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.
|
|
Tuesday, 11 August 09
ZAMBIAN COAL BUYERS CONTINUE IMPORTING COAL FROM ZIMBABWE
Lusaka Times reported that, Coal mining companies have bemoaned the lack of market for their produce as prospective buyers continue importing the co ...
Monday, 10 August 09
NOMINAL HIKE IN COAL PRICES SOON - MEDIA
The hindu business reported that, a marginal hike in coal prices is in the offing. "I will be soon approaching the Prime Minister on the matter ...
Monday, 10 August 09
MANGALAM CEMENT PLACES ORDER FOR CAPTIVE POWER PLANT
Steel Guru reported that, Mangalam Cement Ltd has announced that the company on August 6th 2009 finalized order for Captive Thermal Power Plant of 1 ...
Monday, 10 August 09
VIET NAM COAL EXPORTS HIT 13.5 MILLION TONNES
VietNamNet Bridge reported that, Viet Nam exported more than 13.5 million tonnes of coal in the first seven months of this year, equal to the same p ...
Monday, 10 August 09
S.KOREA KOSPO ISSUES SPOT, TERM COAL TENDERS
Korea Southern Power Co Ltd (KOSPO) is seeking 1.5 million tonnes of steam coal per year for delivery from October 2009 through September 2012 via a ...
|
|
|
Showing 6516 to 6520 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Interocean Group of Companies - India
- Meenaskhi Energy Private Limited - India
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Indogreen Group - Indonesia
- Wood Mackenzie - Singapore
- Aboitiz Power Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- Baramulti Group, Indonesia
- Eastern Coal Council - USA
- Standard Chartered Bank - UAE
- Kobexindo Tractors - Indoneisa
- Petron Corporation, Philippines
- Deloitte Consulting - India
- Metalloyd Limited - United Kingdom
- GVK Power & Infra Limited - India
- Vedanta Resources Plc - India
- Mintek Dendrill Indonesia
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- TeaM Sual Corporation - Philippines
- Asmin Koalindo Tuhup - Indonesia
- Therma Luzon, Inc, Philippines
- Sarangani Energy Corporation, Philippines
- Orica Mining Services - Indonesia
- McConnell Dowell - Australia
- Price Waterhouse Coopers - Russia
- Global Coal Blending Company Limited - Australia
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Indian Oil Corporation Limited
- Tamil Nadu electricity Board
- Bhatia International Limited - India
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Australian Commodity Traders Exchange
- Essar Steel Hazira Ltd - India
- Goldman Sachs - Singapore
- Kapuas Tunggal Persada - Indonesia
- Banpu Public Company Limited - Thailand
- Madhucon Powers Ltd - India
- Romanian Commodities Exchange
- Vijayanagar Sugar Pvt Ltd - India
- Aditya Birla Group - India
- Energy Development Corp, Philippines
- Port Waratah Coal Services - Australia
- Coalindo Energy - Indonesia
- Tata Chemicals Ltd - India
- White Energy Company Limited
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- IEA Clean Coal Centre - UK
- Videocon Industries ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- Manunggal Multi Energi - Indonesia
- LBH Netherlands Bv - Netherlands
- South Luzon Thermal Energy Corporation
- Marubeni Corporation - India
- Toyota Tsusho Corporation, Japan
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- Carbofer General Trading SA - India
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- Bhushan Steel Limited - India
- Semirara Mining Corp, Philippines
- Ministry of Transport, Egypt
- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- Electricity Generating Authority of Thailand
- Parry Sugars Refinery, India
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- IHS Mccloskey Coal Group - USA
- Rashtriya Ispat Nigam Limited - India
- San Jose City I Power Corp, Philippines
- Salva Resources Pvt Ltd - India
- Mercuria Energy - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Electricity Authority, New Zealand
- Vizag Seaport Private Limited - India
- OPG Power Generation Pvt Ltd - India
- Dalmia Cement Bharat India
- Meralco Power Generation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Bukit Asam (Persero) Tbk - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Kideco Jaya Agung - Indonesia
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Power Finance Corporation Ltd., India
- Semirara Mining and Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Central Electricity Authority - India
- New Zealand Coal & Carbon
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Africa Commodities Group - South Africa
- Alfred C Toepfer International GmbH - Germany
- TNB Fuel Sdn Bhd - Malaysia
- SMG Consultants - Indonesia
- Jindal Steel & Power Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- Sojitz Corporation - Japan
- Wilmar Investment Holdings
- Bangladesh Power Developement Board
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Rio Tinto Coal - Australia
- Sakthi Sugars Limited - India
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Samtan Co., Ltd - South Korea
- Holcim Trading Pte Ltd - Singapore
- Antam Resourcindo - Indonesia
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
- Georgia Ports Authority, United States
- Karaikal Port Pvt Ltd - India
- Renaissance Capital - South Africa
- Kohat Cement Company Ltd. - Pakistan
- European Bulk Services B.V. - Netherlands
- Sical Logistics Limited - India
- Chettinad Cement Corporation Ltd - India
- Miang Besar Coal Terminal - Indonesia
- The Treasury - Australian Government
- Altura Mining Limited, Indonesia
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Iligan Light & Power Inc, Philippines
- Bukit Makmur.PT - Indonesia
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- Simpson Spence & Young - Indonesia
- Kepco SPC Power Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
- Thiess Contractors Indonesia
- Kumho Petrochemical, South Korea
- Malabar Cements Ltd - India
- Heidelberg Cement - Germany
- Anglo American - United Kingdom
- Australian Coal Association
- The University of Queensland
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Uttam Galva Steels Limited - India
- Oldendorff Carriers - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- GAC Shipping (India) Pvt Ltd
- Intertek Mineral Services - Indonesia
- Straits Asia Resources Limited - Singapore
- Ind-Barath Power Infra Limited - India
- Siam City Cement - Thailand
- India Bulls Power Limited - India
- Star Paper Mills Limited - India
- The State Trading Corporation of India Ltd
- Economic Council, Georgia
- GMR Energy Limited - India
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Latin American Coal - Colombia
- London Commodity Brokers - England
- Trasteel International SA, Italy
- Siam City Cement PLC, Thailand
- Parliament of New Zealand
- ASAPP Information Group - India
- PowerSource Philippines DevCo
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- Agrawal Coal Company - India
- Binh Thuan Hamico - Vietnam
- Singapore Mercantile Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- SN Aboitiz Power Inc, Philippines
- MS Steel International - UAE
- Attock Cement Pakistan Limited
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Cement Manufacturers Association - India
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- Lanco Infratech Ltd - India
- Medco Energi Mining Internasional
- PTC India Limited - India
- Planning Commission, India
- Gujarat Mineral Development Corp Ltd - India
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Indonesian Coal Mining Association
- Kalimantan Lumbung Energi - Indonesia
|
| |
| |
|
