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Tuesday, 20 November 18
GOLDEN ENERGY AND RESOURCES LEADS A$249M BID FOR AUSTRALIA-LISTED STANMORE COAL - THE STRAITS TIMES
 Singapore-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
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Tuesday, 28 August 18
SUPRAMAX: A COAL TRIP VIA INDONESIA PAID $13,500 ON A 56,000DWT TO WC INDIA - BALTIC BRIEFING
Capesize
The Singapore holiday mid-week disrupted trading and unsettled the market, with owners losing some resilience. The market took on a la ...
Tuesday, 28 August 18
SHIPPING MARKET UPDATE - GEORGE LAZARIDIS
As we edge close to the start of the Autumn Season, a period within the year that is usually characterized as the pivot point from the final quarte ...
Friday, 24 August 18
KOREAN RESTRICTIONS ON COAL SULPHUR IMPACTING HUNTER EXPORTS - THE HERALD
WARNINGS that Korean restrictions on sulphur levels in coal could hurt the Hunter industry appear to have been accurate, according to a report in t ...
Thursday, 23 August 18
RUSSIA'S MECHEL PRODUCED 9.69 MMT OF RUN-OF-MINE COAL IN 1H'2018
Mechel PAO, one of the leading Russian mining and metals companies, announces 1H2018 operational results.
Mechel PAO’s Chief E ...
Thursday, 23 August 18
SUPRAMAX: SOME FRESH COAL CARGOES APPEARED IN SE ASIA, GIVING A BIT PRESSURE ON RATES FOR END AUGUST SHIPMENTS - FEARNLEYS
Capesize
Slightly softer but generally very healthy for the big ships, with limited supply of early tonnage and positive Brazilian ore export v ...
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Showing 1636 to 1640 news of total 6871 |
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- Alfred C Toepfer International GmbH - Germany
- Interocean Group of Companies - India
- Siam City Cement - Thailand
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- Vedanta Resources Plc - India
- Edison Trading Spa - Italy
- Uttam Galva Steels Limited - India
- White Energy Company Limited
- Merrill Lynch Commodities Europe
- Aboitiz Power Corporation - Philippines
- Videocon Industries ltd - India
- Kapuas Tunggal Persada - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Larsen & Toubro Limited - India
- Bangladesh Power Developement Board
- Globalindo Alam Lestari - Indonesia
- European Bulk Services B.V. - Netherlands
- Lanco Infratech Ltd - India
- Kobexindo Tractors - Indoneisa
- Thai Mozambique Logistica
- Coalindo Energy - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- Electricity Authority, New Zealand
- Commonwealth Bank - Australia
- VISA Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Parry Sugars Refinery, India
- Bukit Baiduri Energy - Indonesia
- Central Java Power - Indonesia
- Therma Luzon, Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Savvy Resources Ltd - HongKong
- Meenaskhi Energy Private Limited - India
- Bhushan Steel Limited - India
- Baramulti Group, Indonesia
- PetroVietnam Power Coal Import and Supply Company
- GVK Power & Infra Limited - India
- SMG Consultants - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Rio Tinto Coal - Australia
- CIMB Investment Bank - Malaysia
- Simpson Spence & Young - Indonesia
- Sindya Power Generating Company Private Ltd
- Semirara Mining Corp, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Banpu Public Company Limited - Thailand
- Bharathi Cement Corporation - India
- Rashtriya Ispat Nigam Limited - India
- Binh Thuan Hamico - Vietnam
- Standard Chartered Bank - UAE
- Salva Resources Pvt Ltd - India
- Planning Commission, India
- San Jose City I Power Corp, Philippines
- Marubeni Corporation - India
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- Wilmar Investment Holdings
- OPG Power Generation Pvt Ltd - India
- PTC India Limited - India
- Gujarat Mineral Development Corp Ltd - India
- GAC Shipping (India) Pvt Ltd
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- London Commodity Brokers - England
- Medco Energi Mining Internasional
- Malabar Cements Ltd - India
- Oldendorff Carriers - Singapore
- Samtan Co., Ltd - South Korea
- Kideco Jaya Agung - Indonesia
- Aditya Birla Group - India
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Central Electricity Authority - India
- ASAPP Information Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Australian Coal Association
- Indian Energy Exchange, India
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
- Anglo American - United Kingdom
- Sree Jayajothi Cements Limited - India
- Coal and Oil Company - UAE
- Directorate General of MIneral and Coal - Indonesia
- McConnell Dowell - Australia
- Intertek Mineral Services - Indonesia
- The Treasury - Australian Government
- Romanian Commodities Exchange
- Cement Manufacturers Association - India
- Energy Development Corp, Philippines
- India Bulls Power Limited - India
- International Coal Ventures Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Ministry of Mines - Canada
- Sarangani Energy Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- Miang Besar Coal Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Riau Bara Harum - Indonesia
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- IEA Clean Coal Centre - UK
- Vizag Seaport Private Limited - India
- Mercuria Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Eastern Coal Council - USA
- Indo Tambangraya Megah - Indonesia
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- Power Finance Corporation Ltd., India
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Directorate Of Revenue Intelligence - India
- Mjunction Services Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Global Business Power Corporation, Philippines
- GMR Energy Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Singapore Mercantile Exchange
- Chettinad Cement Corporation Ltd - India
- Electricity Generating Authority of Thailand
- Grasim Industreis Ltd - India
- Economic Council, Georgia
- Sical Logistics Limited - India
- Bhoruka Overseas - Indonesia
- Thiess Contractors Indonesia
- Ambuja Cements Ltd - India
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Latin American Coal - Colombia
- Pipit Mutiara Jaya. PT, Indonesia
- Gujarat Sidhee Cement - India
- Petron Corporation, Philippines
- Bhatia International Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petrochimia International Co. Ltd.- Taiwan
- AsiaOL BioFuels Corp., Philippines
- Jaiprakash Power Ventures ltd
- Energy Link Ltd, New Zealand
- Ceylon Electricity Board - Sri Lanka
- Kartika Selabumi Mining - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bayan Resources Tbk. - Indonesia
- TeaM Sual Corporation - Philippines
- Billiton Holdings Pty Ltd - Australia
- Formosa Plastics Group - Taiwan
- Global Green Power PLC Corporation, Philippines
- Eastern Energy - Thailand
- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Independent Power Producers Association of India
- Africa Commodities Group - South Africa
- Carbofer General Trading SA - India
- Ministry of Transport, Egypt
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- Agrawal Coal Company - India
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- MS Steel International - UAE
- IHS Mccloskey Coal Group - USA
- Chamber of Mines of South Africa
- Bahari Cakrawala Sebuku - Indonesia
- Indogreen Group - Indonesia
- Global Coal Blending Company Limited - Australia
- Bukit Makmur.PT - Indonesia
- Trasteel International SA, Italy
- Price Waterhouse Coopers - Russia
- The University of Queensland
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Coastal Gujarat Power Limited - India
- Semirara Mining and Power Corporation, Philippines
- Dalmia Cement Bharat India
- Gujarat Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Siam City Cement PLC, Thailand
- Jindal Steel & Power Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Tata Chemicals Ltd - India
- ICICI Bank Limited - India
- Makarim & Taira - Indonesia
- Toyota Tsusho Corporation, Japan
- SN Aboitiz Power Inc, Philippines
- Barasentosa Lestari - Indonesia
- Mercator Lines Limited - India
- Karaikal Port Pvt Ltd - India
- Australian Commodity Traders Exchange
- Indika Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Parliament of New Zealand
- Ministry of Finance - Indonesia
- Attock Cement Pakistan Limited
- Deloitte Consulting - India
- SMC Global Power, Philippines
- Altura Mining Limited, Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- Indonesian Coal Mining Association
- Sakthi Sugars Limited - India
- Minerals Council of Australia
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