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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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Wednesday, 19 August 09
STEAM COAL PRICES ARE SINKING - THE GERMAN COAL IMPORTERS ASSOCIATION
COALspot.com (German): Oversupply in the World Market. In 2Q 2009 the steam coal prices sank massive in comparison to the previous years quart ...
Wednesday, 19 August 09
MMTC SCRAPS CONTROVERSIAL COAL TENDER
Most of NTPC’s coal-based projects don’t have sufficient stock of coal
State-owned trading firm MMTC Ltd has scrapped its controversi ...
Wednesday, 19 August 09
THE 3RD ASIA PACIFIC COAL TRADING & INVESTMENT OUTLOOK 2009 WILL BE HELD IN CHINA IN SEPTEMBER 2009
COALspot.com (China): Due to the inversion of domestic and overseas coal price in China, China coal import increased dramatically and continuously. ...
Wednesday, 19 August 09
COAL INDIA PLANS SUBSIDIARY IN MOZAMBIQUE
Business Standard reported that, Coal India Ltd (CIL), which was awarded two exploratory coal blocks in Mozambique in March this year, has decided t ...
Tuesday, 18 August 09
INDIA PLANS 'SIMPLER' MINING LAW TO BOOST INVESTMENT
Bloomberg reported that, India aims to cut permit delays and attract overseas capital through “simpler” resource investment laws to help ...
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- Georgia Ports Authority, United States
- Vizag Seaport Private Limited - India
- Binh Thuan Hamico - Vietnam
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- Antam Resourcindo - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Krishnapatnam Port Company Ltd. - India
- Coastal Gujarat Power Limited - India
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- Indian Energy Exchange, India
- Ministry of Transport, Egypt
- Price Waterhouse Coopers - Russia
- Petron Corporation, Philippines
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
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- Marubeni Corporation - India
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- Power Finance Corporation Ltd., India
- Straits Asia Resources Limited - Singapore
- Jaiprakash Power Ventures ltd
- The University of Queensland
- Energy Link Ltd, New Zealand
- Toyota Tsusho Corporation, Japan
- Altura Mining Limited, Indonesia
- Sarangani Energy Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
- Coalindo Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
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- Borneo Indobara - Indonesia
- Baramulti Group, Indonesia
- Eastern Energy - Thailand
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- Deloitte Consulting - India
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- International Coal Ventures Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Riau Bara Harum - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ministry of Finance - Indonesia
- Parliament of New Zealand
- SMG Consultants - Indonesia
- CNBM International Corporation - China
- Larsen & Toubro Limited - India
- Central Electricity Authority - India
- Australian Commodity Traders Exchange
- Semirara Mining and Power Corporation, Philippines
- Kapuas Tunggal Persada - Indonesia
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- The Treasury - Australian Government
- Pipit Mutiara Jaya. PT, Indonesia
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- Central Java Power - Indonesia
- Thiess Contractors Indonesia
- Standard Chartered Bank - UAE
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Indian Oil Corporation Limited
- Attock Cement Pakistan Limited
- Maharashtra Electricity Regulatory Commission - India
- Interocean Group of Companies - India
- Indika Energy - Indonesia
- Australian Coal Association
- Offshore Bulk Terminal Pte Ltd, Singapore
- Eastern Coal Council - USA
- Sojitz Corporation - Japan
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- TeaM Sual Corporation - Philippines
- Intertek Mineral Services - Indonesia
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- MS Steel International - UAE
- TNB Fuel Sdn Bhd - Malaysia
- ASAPP Information Group - India
- Vijayanagar Sugar Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- AsiaOL BioFuels Corp., Philippines
- Independent Power Producers Association of India
- Mjunction Services Limited - India
- Salva Resources Pvt Ltd - India
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- Savvy Resources Ltd - HongKong
- Energy Development Corp, Philippines
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- Goldman Sachs - Singapore
- Kobexindo Tractors - Indoneisa
- GMR Energy Limited - India
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- Videocon Industries ltd - India
- Electricity Authority, New Zealand
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Wood Mackenzie - Singapore
- Rio Tinto Coal - Australia
- Directorate General of MIneral and Coal - Indonesia
- Metalloyd Limited - United Kingdom
- Carbofer General Trading SA - India
- White Energy Company Limited
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- Cement Manufacturers Association - India
- Sakthi Sugars Limited - India
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- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- Iligan Light & Power Inc, Philippines
- Ambuja Cements Ltd - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- London Commodity Brokers - England
- Bayan Resources Tbk. - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Orica Mining Services - Indonesia
- Banpu Public Company Limited - Thailand
- SMC Global Power, Philippines
- Africa Commodities Group - South Africa
- Globalindo Alam Lestari - Indonesia
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- Gujarat Electricity Regulatory Commission - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
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- Madhucon Powers Ltd - India
- Tamil Nadu electricity Board
- Port Waratah Coal Services - Australia
- Merrill Lynch Commodities Europe
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- IHS Mccloskey Coal Group - USA
- Essar Steel Hazira Ltd - India
- Bangladesh Power Developement Board
- PetroVietnam Power Coal Import and Supply Company
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Meenaskhi Energy Private Limited - India
- Heidelberg Cement - Germany
- Ministry of Mines - Canada
- Sree Jayajothi Cements Limited - India
- Wilmar Investment Holdings
- Kideco Jaya Agung - Indonesia
- Pendopo Energi Batubara - Indonesia
- Sindya Power Generating Company Private Ltd
- IEA Clean Coal Centre - UK
- McConnell Dowell - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kaltim Prima Coal - Indonesia
- Minerals Council of Australia
- European Bulk Services B.V. - Netherlands
- Cigading International Bulk Terminal - Indonesia
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Miang Besar Coal Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Samtan Co., Ltd - South Korea
- Xindia Steels Limited - India
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- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Aditya Birla Group - India
- Edison Trading Spa - Italy
- Kartika Selabumi Mining - Indonesia
- Planning Commission, India
- Siam City Cement - Thailand
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- LBH Netherlands Bv - Netherlands
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- PNOC Exploration Corporation - Philippines
- Bukit Makmur.PT - Indonesia
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Romanian Commodities Exchange
- Kalimantan Lumbung Energi - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
- Agrawal Coal Company - India
- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Gujarat Mineral Development Corp Ltd - India
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- CIMB Investment Bank - Malaysia
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- Meralco Power Generation, Philippines
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
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