COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Tuesday, 20 November 18
GOLDEN ENERGY AND RESOURCES LEADS A$249M BID FOR AUSTRALIA-LISTED STANMORE COAL - THE STRAITS TIMES
Golden Energy and ResourcesSingapore-listed Golden Energy and Resources (GEAR) is leading deals worth up to A$249 million (S$250 million) to acquire Australia-listed Stanmore Coal.
 
GEAR is acquiring a 19.9 per cent stake in coking coal-focused Stanmore for A$47.6 million in cash, with plans to eventually transfer that interest to a 51 per cent joint venture that is offering up to A$201 million for all the remaining shares of Stanmore.
 
The offer by joint venture Golden Investments (Australia), which GEAR has set up with Ascend Global Investment Fund, is pegged at A$0.95 per Stanmore share. After the offer closes, Golden Investments will acquire GEAR's 19.9 per cent Stanmore stake for a number of Golden Investments shares equal to the cash amount that GEAR paid for the Stanmore shares. GEAR is acquiring the Stanmore shares from Greatgroup Investments, Stanmore's largest shareholder.
 
The volume weighted average price (VWAP) of Stanmore Coal's shares for all trades done on 16 Nov - the last full day of trading before the announcement - was approximately A$0.8597 per share.
 
Explaining the acquisition, coal producer GEAR said: "By acquiring an interest in Stanmore Coal, a primarily coking coal focused company, GEAR hopes to enhance its overall asset portfolio in the current commodity price environment by diversifying and expanding its coal product suite and geographical presence."
 
GEAR and Ascend Global have agreed to fund Golden Investments' bid by subscribing for additional Golden Investments shares. GEAR has agreed to subscribe for shares totalling up to A$79.25 million, while Ascend Global will subscribe for up to A$121.88 million of shares only if Golden Investments is able to obtain control of at least 51 per cent of Stanmore.
 
Based on Stanmore Coal's FY18 results, the net asset value (NAV) and net tangible assets (NTA) of the sale shares translating to the 19.9 per cent stake are about A$14.56 million and approximately A$13.81 million respectively, as at June 30. Meanwhile, the NAV and the NTA of the shares under the offer (attributable to GEAR's 31.9 per cent stake in Golden Investments before the transfer of the sale shares) are approximately A$23.31 million and A$22.11 million respectively as at June 30.
 
Based on Stamford Coal's financial year 2018 results, the net profit before income tax, minority interests and extraordinary items attributable to the sale shares is A$2 million; while the same profit for the shares under the offer is approximately A$3.20 million.
 
Golden Investments' shareholders will fund their respective subscriptions in Golden Investments through a combination of existing cash reserves, GEAR's finance facility of up to A$150 million and via Ascend Global's undrawn capital commitments of US$100 million from investors.
Source: The Straits Times


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Wednesday, 12 September 18
SHIPPING MARKET INSIGHT - THEODORE NTALAKOS
A recovery in the shipping market since last year has buoyed optimism amongst the people in the industry. Yet if you are to ask most ship-owners if ...


Monday, 10 September 18
HANDYSIZE: PERIOD ACTIVITY REMAINED LIMITED WITH A 37,000DWT REPORTEDLY FIXED FOR FOUR TO SIX MONTHS AT $10,500, OPEN IN MALAYSIA IN MID-SEPTEMBER - BALTIC BRIEFING
Capesize Rates came under pressure for the big ships last week, despite paper values holding at reasonable levels as these trades continued to ...


Thursday, 06 September 18
INDONESIAN COAL PRICE REFERENCE FALLS FOR FIRST TIME IN 3 MONTHS
COALspot.com: The benchmark price of Indonesian thermal coal falls for first time in three months.    According to the latest min ...


Thursday, 06 September 18
SUPRAMAX: SE ASIA-INDO ROUNDS WITH COAL HAVE BEEN CONCLUDED IN THE $13000S RANGE - FEARNLEYS
Capesize The big ships experiencing a bump in the road towards what is commonly expected to be by far the best period of this year. Average dai ...


Wednesday, 05 September 18
ASIAN DEMAND COULD CREATE DEFICIT IN GLOBAL LNG MARKET - FITCH RATINGS
Growing gas demand from Asia, particularly from China, could swing the liquefied natural gas (LNG) market into a deficit by 2022-2025, Fitch Rating ...


   324 325 326 327 328   
Showing 1626 to 1630 news of total 6871
News by Category
Popular News
 
Total Members : 28,706
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Economic Council, Georgia
  • Tamil Nadu electricity Board
  • globalCOAL - UK
  • TRAFIGURA, South Korea
  • Sakthi Sugars Limited - India
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Jindal Steel & Power Ltd - India
  • Jorong Barutama Greston.PT - Indonesia
  • Ministry of Transport, Egypt
  • Aditya Birla Group - India
  • PowerSource Philippines DevCo
  • GHCL Limited - India
  • Standard Chartered Bank - UAE
  • Cosco
  • Bahari Cakrawala Sebuku - Indonesia
  • Ince & co LLP
  • BRS Brokers - Singapore
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • Indika Energy - Indonesia
  • Malabar Cements Ltd - India
  • Indian Energy Exchange, India
  • PLN - Indonesia
  • Tanito Harum - Indonesia
  • Karaikal Port Pvt Ltd - India
  • KPMG - USA
  • Aboitiz Power Corporation - Philippines
  • Deutsche Bank - India
  • Parry Sugars Refinery, India
  • Kobexindo Tractors - Indoneisa
  • Thiess Contractors Indonesia
  • CoalTek, United States
  • Mitra SK Pvt Ltd - India
  • OPG Power Generation Pvt Ltd - India
  • Bhushan Steel Limited - India
  • Neyveli Lignite Corporation Ltd, - India
  • Freeport Indonesia
  • Reliance Power - India
  • Ministry of Mines - Canada
  • Therma Luzon, Inc, Philippines
  • Vedanta Resources Plc - India
  • San Jose City I Power Corp, Philippines
  • ASAPP Information Group - India
  • Goldman Sachs - Singapore
  • GVK Power & Infra Limited - India
  • Parliament of New Zealand
  • Wilmar Investment Holdings
  • Central Java Power - Indonesia
  • LBH Netherlands Bv - Netherlands
  • Panama Canal Authority
  • India Bulls Power Limited - India
  • Banpu Public Company Limited - Thailand
  • Indo Tambangraya Megah - Indonesia
  • Moodys - Singapore
  • Intertek Mineral Services - Indonesia
  • Jatenergy - Australia
  • Shenhua Group - China
  • Lafarge - France
  • Semirara Mining Corp, Philippines
  • SRK Consulting
  • Vizag Seaport Private Limited - India
  • Core Mineral Indonesia
  • Thermax Limited - India
  • Mechel - Russia
  • UOB Asia (HK) Ltd
  • Siam City Cement PLC, Thailand
  • TNPL - India
  • Platou - Singapore
  • Indian Oil Corporation Limited
  • Qatrana Cement - Jordan
  • SGS (Thailand) Limited
  • Kapuas Tunggal Persada - Indonesia
  • Planning Commission, India
  • GN Power Mariveles Coal Plant, Philippines
  • Petrosea - Indonesia
  • Makarim & Taira - Indonesia
  • Renaissance Capital - South Africa
  • Kalimantan Lumbung Energi - Indonesia
  • Independent Power Producers Association of India
  • Agrawal Coal Company - India
  • bp singapore
  • CCIC - Indonesia
  • Bayan Resources Tbk. - Indonesia
  • Madhucon Powers Ltd - India
  • Rashtriya Ispat Nigam Limited - India
  • The State Trading Corporation of India Ltd
  • PNOC Exploration Corporation - Philippines
  • Larsen & Toubro Limited - India
  • Noble Europe Ltd - UK
  • Petron Corporation, Philippines
  • Mjunction Services Limited - India
  • Ambuja Cements Ltd - India
  • ICICI Bank Limited - India
  • Samtan Co., Ltd - South Korea
  • South Luzon Thermal Energy Corporation
  • Attock Cement Pakistan Limited
  • Uttam Galva Steels Limited - India
  • Africa Commodities Group - South Africa
  • London Commodity Brokers - England
  • CIMB Investment Bank - Malaysia
  • Marubeni Corporation - India
  • Eastern Energy - Thailand
  • Bhoruka Overseas - Indonesia
  • Salva Resources Pvt Ltd - India
  • Thriveni
  • Idemitsu - Japan
  • KPCL - India
  • Minerals Council of Australia
  • Britmindo - Indonesia
  • Savvy Resources Ltd - HongKong
  • Simpson Spence & Young - Indonesia
  • Straits Asia Resources Limited - Singapore
  • Adaro Indonesia
  • Gujarat Electricity Regulatory Commission - India
  • Globalindo Alam Lestari - Indonesia
  • MEC Coal - Indonesia
  • Siam City Cement - Thailand
  • Humpuss - Indonesia
  • SUEK AG - Indonesia
  • IEA Clean Coal Centre - UK
  • Toyota Tsusho Corporation, Japan
  • OCBC - Singapore
  • UBS Singapore
  • The Treasury - Australian Government
  • World Coal - UK
  • Lanco Infratech Ltd - India
  • World Bank
  • Kohat Cement Company Ltd. - Pakistan
  • Arch Coal - USA
  • Grasim Industreis Ltd - India
  • DBS Bank - Singapore
  • Coal Orbis AG
  • Anglo American - United Kingdom
  • International Coal Ventures Pvt Ltd - India
  • Australian Commodity Traders Exchange
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • TANGEDCO India
  • Bank of China, Malaysia
  • Gujarat Mineral Development Corp Ltd - India
  • Trasteel International SA, Italy
  • Platts
  • Pendopo Energi Batubara - Indonesia
  • Wood Mackenzie - Singapore
  • Pipit Mutiara Jaya. PT, Indonesia
  • Tata Power - India
  • Sinarmas Energy and Mining - Indonesia
  • Sree Jayajothi Cements Limited - India
  • Romanian Commodities Exchange
  • Alfred C Toepfer International GmbH - Germany
  • ACC Limited - India
  • Power Finance Corporation Ltd., India
  • Indonesian Coal Mining Association
  • Manunggal Multi Energi - Indonesia
  • KEPCO - South Korea
  • Credit Suisse - India
  • Directorate Of Revenue Intelligence - India
  • SN Aboitiz Power Inc, Philippines
  • U S Energy Resources
  • MS Steel International - UAE
  • Energy Development Corp, Philippines
  • Bangkok Bank PCL
  • Bukit Baiduri Energy - Indonesia
  • Singapore Mercantile Exchange
  • Rudhra Energy - India
  • Total Coal South Africa
  • Ceylon Electricity Board - Sri Lanka
  • KOWEPO - South Korea
  • Bulk Trading Sa - Switzerland
  • Semirara Mining and Power Corporation, Philippines
  • Krishnapatnam Port Company Ltd. - India
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • Mercuria Energy - Indonesia
  • TNB Fuel Sdn Bhd - Malaysia
  • VISA Power Limited - India
  • Cement Manufacturers Association - India
  • GB Group - China
  • Binh Thuan Hamico - Vietnam
  • Berau Coal - Indonesia
  • Sarangani Energy Corporation, Philippines
  • Formosa Plastics Group - Taiwan
  • SMC Global Power, Philippines
  • NALCO India
  • New Zealand Coal & Carbon
  • Mercator Lines Limited - India
  • White Energy Company Limited
  • Barasentosa Lestari - Indonesia
  • Runge Indonesia
  • JPower - Japan
  • GMR Energy Limited - India
  • Mintek Dendrill Indonesia
  • Clarksons - UK
  • Vitol - Bahrain
  • Baramulti Group, Indonesia
  • Indorama - Singapore
  • Electricity Authority, New Zealand
  • Maersk Broker
  • ANZ Bank - Australia
  • Global Coal Blending Company Limited - Australia
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Mitsui
  • Shree Cement - India
  • RBS Sempra - UK
  • Altura Mining Limited, Indonesia
  • Ernst & Young Pvt. Ltd.
  • Permata Bank - Indonesia
  • Pinang Coal Indonesia
  • Coaltrans Conferences
  • Antam Resourcindo - Indonesia
  • Vijayanagar Sugar Pvt Ltd - India
  • Cargill India Pvt Ltd
  • Tata Chemicals Ltd - India
  • NTPC Limited - India
  • Cigading International Bulk Terminal - Indonesia
  • BNP Paribas - Singapore
  • Glencore India Pvt. Ltd
  • European Bulk Services B.V. - Netherlands
  • Japan Coal Energy Center
  • IOL Indonesia
  • Global Business Power Corporation, Philippines
  • Barclays Capital - USA
  • IMC Shipping - Singapore
  • IBC Asia (S) Pte Ltd
  • Ind-Barath Power Infra Limited - India
  • ETA - Dubai
  • Energy Link Ltd, New Zealand
  • CESC Limited - India
  • Coal India Limited
  • EMO - The Netherlands
  • Coalindo Energy - Indonesia
  • The University of Queensland
  • TeaM Sual Corporation - Philippines
  • Billiton Holdings Pty Ltd - Australia
  • EIA - United States
  • Xstrata Coal
  • Geoservices-GeoAssay Lab
  • Meenaskhi Energy Private Limited - India
  • Bangladesh Power Developement Board
  • Kartika Selabumi Mining - Indonesia
  • Edison Trading Spa - Italy
  • Bank of America
  • Medco Energi Mining Internasional
  • Gresik Semen - Indonesia
  • J M Baxi & Co - India
  • IHS Mccloskey Coal Group - USA
  • Riau Bara Harum - Indonesia
  • Directorate General of MIneral and Coal - Indonesia
  • Ministry of Finance - Indonesia
  • Indian School of Mines
  • Kepco SPC Power Corporation, Philippines
  • Thailand Anthracite
  • Peabody Energy - USA
  • Malco - India
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • PetroVietnam
  • Maharashtra Electricity Regulatory Commission - India
  • JPMorgan - India
  • GNFC Limited - India
  • Timah Investasi Mineral - Indoneisa
  • PTC India Limited - India
  • Videocon Industries ltd - India
  • AsiaOL BioFuels Corp., Philippines
  • Cebu Energy, Philippines
  • Sojitz Corporation - Japan
  • Bhatia International Limited - India
  • Enel Italy
  • The India Cements Ltd
  • Borneo Indobara - Indonesia
  • Karbindo Abesyapradhi - Indoneisa
  • Miang Besar Coal Terminal - Indonesia
  • Coastal Gujarat Power Limited - India
  • SASOL - South Africa
  • Petrochimia International Co. Ltd.- Taiwan
  • Russian Coal LLC
  • Gujarat Sidhee Cement - India
  • Vale Mozambique
  • Iligan Light & Power Inc, Philippines
  • Argus Media - Singapore
  • Oldendorff Carriers - Singapore
  • Orica Mining Services - Indonesia
  • Samsung - South Korea
  • Latin American Coal - Colombia
  • Asia Cement - Taiwan
  • Adani Power Ltd - India
  • Metalloyd Limited - United Kingdom
  • Deloitte Consulting - India
  • Georgia Ports Authority, United States
  • Asian Development Bank
  • Kobe Steel Ltd - Japan
  • Maruti Cements - India
  • APGENCO India
  • Thai Mozambique Logistica
  • PetroVietnam Power Coal Import and Supply Company
  • Kumho Petrochemical, South Korea
  • Merrill Lynch Commodities Europe
  • Sucofindo - Indonesia
  • Sical Logistics Limited - India
  • Bharathi Cement Corporation - India
  • Meralco Power Generation, Philippines
  • Arutmin Indonesia
  • Coeclerici Indonesia
  • Holcim Trading Pte Ltd - Singapore
  • PLN Batubara - Indonesia
  • Australian Coal Association
  • Coal and Oil Company - UAE
  • Essar Steel Hazira Ltd - India
  • Star Paper Mills Limited - India
  • Indonesia Power. PT
  • Inspectorate - India
  • Eastern Coal Council - USA
  • CNBM International Corporation - China
  • Price Waterhouse Coopers - Russia
  • Gupta Coal India Ltd
  • Chamber of Mines of South Africa
  • TGV SRAAC LIMITED, India
  • Rio Tinto Coal - Australia
  • Port Waratah Coal Services - Australia
  • Chettinad Cement Corporation Ltd - India
  • Posco Energy - South Korea
  • Bukit Asam (Persero) Tbk - Indonesia
  • Global Green Power PLC Corporation, Philippines
  • Interocean Group of Companies - India
  • Mitsubishi Corporation
  • Leighton Contractors Pty Ltd - Australia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • SMG Consultants - Indonesia
  • Fearnleys - India
  • Heidelberg Cement - Germany
  • Bukit Makmur.PT - Indonesia
  • Indogreen Group - Indonesia
  • Commonwealth Bank - Australia
  • Kideco Jaya Agung - Indonesia
  • GAC Shipping (India) Pvt Ltd
  • Electricity Generating Authority of Thailand
  • ING Bank NV - Singapore
  • Kaltim Prima Coal - Indonesia
  • McConnell Dowell - Australia
  • Inco-Indonesia
  • Asmin Koalindo Tuhup - Indonesia
  • Xindia Steels Limited - India
  • Dalmia Cement Bharat India
  • Merrill Lynch Bank
  • Maheswari Brothers Coal Limited - India
  • Surastha Cement
  • Thomson Reuters GRC
  • Sindya Power Generating Company Private Ltd
  • Central Electricity Authority - India
  • McKinsey & Co - India
  • Cemex - Philippines
  • HSBC - Hong Kong
  • Infraline Energy - India
  • WorleyParsons
  • Jaiprakash Power Ventures ltd
  • Orica Australia Pty. Ltd.
  • Cardiff University - UK
  • Maybank - Singapore
  • Carbofer General Trading SA - India