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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
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Friday, 21 August 09
HUANENG YIMIN TO HIKE COAL OUTPUT
China Daily, the largest English portal in China reported that, China's first large coal-electricity joint project, Huaneng Yimin Coal Electricity ...
Thursday, 20 August 09
INDONESIA'S DELTA DUNIA BUYS COAL FIRM FOR $550 MLN
* Delta Dunia to acquire BUMA for $550 million
* Expect to complete the deal in the fourth quarter of 2009
* Delta Dunia has appointed Barclays Ca ...
Thursday, 20 August 09
MUNDRA PORT BAGS MORMUGAO PORT COAL TERMINAL DEVELOPMENT CONCESSIONS
NDTV reported that, Mundra Port and Special Economic Zone (Mundra Port) the largest private port in India has won the bid for the development of coa ...
Thursday, 20 August 09
INDONESIA'S BUKIT ASAM SET FOR MINE ACQUISITIONS
* Allocates $150 million for coal mine acquisitions
* Expects one deal to be completed by the end of 2009
Reuters world's largest international ...
Thursday, 20 August 09
INDONESIAN COAL EXPORT LESSENS IN FIRST SEMESTER
Domestic coal use has grown by five million tons.
Viva News reported that, Domestic coal export up until the first half of 2009 decreased by four ...
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- Banpu Public Company Limited - Thailand
- Parliament of New Zealand
- Chamber of Mines of South Africa
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- Goldman Sachs - Singapore
- Tata Chemicals Ltd - India
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- Kepco SPC Power Corporation, Philippines
- Gujarat Mineral Development Corp Ltd - India
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- Tamil Nadu electricity Board
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- PowerSource Philippines DevCo
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- Antam Resourcindo - Indonesia
- Africa Commodities Group - South Africa
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- Ambuja Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Trasteel International SA, Italy
- Mjunction Services Limited - India
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- Edison Trading Spa - Italy
- MS Steel International - UAE
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- Petron Corporation, Philippines
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- Globalindo Alam Lestari - Indonesia
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- Billiton Holdings Pty Ltd - Australia
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- Ministry of Mines - Canada
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- Romanian Commodities Exchange
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- Australian Coal Association
- European Bulk Services B.V. - Netherlands
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- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- GVK Power & Infra Limited - India
- Sojitz Corporation - Japan
- India Bulls Power Limited - India
- Indogreen Group - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Sical Logistics Limited - India
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- Ceylon Electricity Board - Sri Lanka
- Anglo American - United Kingdom
- Interocean Group of Companies - India
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- Toyota Tsusho Corporation, Japan
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- Straits Asia Resources Limited - Singapore
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Indo Tambangraya Megah - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bangladesh Power Developement Board
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- Jaiprakash Power Ventures ltd
- Price Waterhouse Coopers - Russia
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- Siam City Cement PLC, Thailand
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- GAC Shipping (India) Pvt Ltd
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Savvy Resources Ltd - HongKong
- Australian Commodity Traders Exchange
- TNB Fuel Sdn Bhd - Malaysia
- Orica Mining Services - Indonesia
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- SMC Global Power, Philippines
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- Uttam Galva Steels Limited - India
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
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- Minerals Council of Australia
- Ministry of Finance - Indonesia
- London Commodity Brokers - England
- Altura Mining Limited, Indonesia
- Manunggal Multi Energi - Indonesia
- Baramulti Group, Indonesia
- Eastern Coal Council - USA
- Power Finance Corporation Ltd., India
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- Latin American Coal - Colombia
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- South Luzon Thermal Energy Corporation
- Aditya Birla Group - India
- Karbindo Abesyapradhi - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
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- Bhatia International Limited - India
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Renaissance Capital - South Africa
- Indonesian Coal Mining Association
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- Planning Commission, India
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- Binh Thuan Hamico - Vietnam
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- Vedanta Resources Plc - India
- Dalmia Cement Bharat India
- McConnell Dowell - Australia
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- Bank of Tokyo Mitsubishi UFJ Ltd
- Miang Besar Coal Terminal - Indonesia
- CNBM International Corporation - China
- Lanco Infratech Ltd - India
- Eastern Energy - Thailand
- Makarim & Taira - Indonesia
- San Jose City I Power Corp, Philippines
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- Orica Australia Pty. Ltd.
- Economic Council, Georgia
- Mintek Dendrill Indonesia
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- CIMB Investment Bank - Malaysia
- Samtan Co., Ltd - South Korea
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- Kideco Jaya Agung - Indonesia
- The State Trading Corporation of India Ltd
- Holcim Trading Pte Ltd - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- GMR Energy Limited - India
- Metalloyd Limited - United Kingdom
- Kaltim Prima Coal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Bulk Trading Sa - Switzerland
- Bahari Cakrawala Sebuku - Indonesia
- Global Coal Blending Company Limited - Australia
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- Singapore Mercantile Exchange
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