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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, 12 August 09
COAL INDIA TO IMPORT 4 MLN T 2009/10 - MEDIA
State-run Coal India Ltd plans to directly import 4 million tonnes of coal in the current fiscal year to March 2010, Chairman Partha Bhattacharyya s ...
Wednesday, 12 August 09
CHINA'S LARGEST COAL PRODUCER TO SET UP COAL RESERVES
China's National Development and Reform Commission has commissioned China Shenhua Energy Co., the nation's largest coal producer, to build 10 stor ...
Wednesday, 12 August 09
NALCO SMELTER CONSTRUCTION MAY FACE DELAY
The Jakarta Post reported that, India’s state-run National Aluminum Company (Nalco) may postpone the construction of an aluminum smelter in In ...
Wednesday, 12 August 09
COAL MINE PLAN SHOT DOWN OVER GREEN CONCERNS
The Times of India reported that, In a major setback to Adani Powers, the principal chief conservator of forests (PCCF) has rejected its proposal fo ...
Tuesday, 11 August 09
INDONESIA'S COAL EXPORTS TO INDIA WILL BE EXEMPTED FROM DUTIES STARTING JANUARY 1, 2013 - BERITA SORE
Berita sore reported that, ASEAN is scheduled to sign a long-awaited Free Trade Agreement (FTA) with India in Bangkok on Thursday aimed at boosting ...
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- TeaM Sual Corporation - Philippines
- Ind-Barath Power Infra Limited - India
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- GMR Energy Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Intertek Mineral Services - Indonesia
- Directorate Of Revenue Intelligence - India
- LBH Netherlands Bv - Netherlands
- Karbindo Abesyapradhi - Indoneisa
- Indika Energy - Indonesia
- ASAPP Information Group - India
- CIMB Investment Bank - Malaysia
- Miang Besar Coal Terminal - Indonesia
- Iligan Light & Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Sindya Power Generating Company Private Ltd
- Bayan Resources Tbk. - Indonesia
- Ministry of Finance - Indonesia
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- European Bulk Services B.V. - Netherlands
- Edison Trading Spa - Italy
- Ministry of Mines - Canada
- IHS Mccloskey Coal Group - USA
- Straits Asia Resources Limited - Singapore
- CNBM International Corporation - China
- Australian Coal Association
- Grasim Industreis Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Kepco SPC Power Corporation, Philippines
- Latin American Coal - Colombia
- Krishnapatnam Port Company Ltd. - India
- Indian Oil Corporation Limited
- Commonwealth Bank - Australia
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Salva Resources Pvt Ltd - India
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Indian Energy Exchange, India
- Central Java Power - Indonesia
- Sakthi Sugars Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Alfred C Toepfer International GmbH - Germany
- The University of Queensland
- Ambuja Cements Ltd - India
- Global Business Power Corporation, Philippines
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Maharashtra Electricity Regulatory Commission - India
- Borneo Indobara - Indonesia
- Kumho Petrochemical, South Korea
- Riau Bara Harum - Indonesia
- Rio Tinto Coal - Australia
- Energy Link Ltd, New Zealand
- International Coal Ventures Pvt Ltd - India
- Indo Tambangraya Megah - Indonesia
- Mercuria Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Price Waterhouse Coopers - Russia
- Neyveli Lignite Corporation Ltd, - India
- Romanian Commodities Exchange
- Africa Commodities Group - South Africa
- Simpson Spence & Young - Indonesia
- Star Paper Mills Limited - India
- Goldman Sachs - Singapore
- Manunggal Multi Energi - Indonesia
- Attock Cement Pakistan Limited
- Bhoruka Overseas - Indonesia
- Posco Energy - South Korea
- Vedanta Resources Plc - India
- MS Steel International - UAE
- Independent Power Producers Association of India
- Energy Development Corp, Philippines
- Oldendorff Carriers - Singapore
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- Renaissance Capital - South Africa
- McConnell Dowell - Australia
- Uttam Galva Steels Limited - India
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- Singapore Mercantile Exchange
- Barasentosa Lestari - Indonesia
- Lanco Infratech Ltd - India
- Indonesian Coal Mining Association
- Siam City Cement - Thailand
- Agrawal Coal Company - India
- Ceylon Electricity Board - Sri Lanka
- Formosa Plastics Group - Taiwan
- White Energy Company Limited
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Larsen & Toubro Limited - India
- South Luzon Thermal Energy Corporation
- Meralco Power Generation, Philippines
- Semirara Mining Corp, Philippines
- Heidelberg Cement - Germany
- PTC India Limited - India
- Central Electricity Authority - India
- Mintek Dendrill Indonesia
- Bangladesh Power Developement Board
- Trasteel International SA, Italy
- Mercator Lines Limited - India
- Bukit Makmur.PT - Indonesia
- Cigading International Bulk Terminal - Indonesia
- SMG Consultants - Indonesia
- Ministry of Transport, Egypt
- Kartika Selabumi Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- The State Trading Corporation of India Ltd
- Petron Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Therma Luzon, Inc, Philippines
- Carbofer General Trading SA - India
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
- Siam City Cement PLC, Thailand
- Videocon Industries ltd - India
- Makarim & Taira - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bharathi Cement Corporation - India
- The Treasury - Australian Government
- New Zealand Coal & Carbon
- Baramulti Group, Indonesia
- India Bulls Power Limited - India
- Bhatia International Limited - India
- San Jose City I Power Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- GVK Power & Infra Limited - India
- Sree Jayajothi Cements Limited - India
- Jindal Steel & Power Ltd - India
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Asmin Koalindo Tuhup - Indonesia
- Antam Resourcindo - Indonesia
- Orica Mining Services - Indonesia
- Timah Investasi Mineral - Indoneisa
- Sojitz Corporation - Japan
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- Madhucon Powers Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Parliament of New Zealand
- Kaltim Prima Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Sical Logistics Limited - India
- Indogreen Group - Indonesia
- Wilmar Investment Holdings
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Dalmia Cement Bharat India
- Malabar Cements Ltd - India
- Aditya Birla Group - India
- Economic Council, Georgia
- Coal and Oil Company - UAE
- Directorate General of MIneral and Coal - Indonesia
- Interocean Group of Companies - India
- Minerals Council of Australia
- Medco Energi Mining Internasional
- Cement Manufacturers Association - India
- Global Coal Blending Company Limited - Australia
- PowerSource Philippines DevCo
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Kapuas Tunggal Persada - Indonesia
- Kideco Jaya Agung - Indonesia
- Samtan Co., Ltd - South Korea
- Orica Australia Pty. Ltd.
- Australian Commodity Traders Exchange
- Eastern Coal Council - USA
- Electricity Generating Authority of Thailand
- Sarangani Energy Corporation, Philippines
- Altura Mining Limited, Indonesia
- Electricity Authority, New Zealand
- Power Finance Corporation Ltd., India
- Wood Mackenzie - Singapore
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Deloitte Consulting - India
- Planning Commission, India
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- Karaikal Port Pvt Ltd - India
- IEA Clean Coal Centre - UK
- Chettinad Cement Corporation Ltd - India
- Bukit Asam (Persero) Tbk - Indonesia
- Coalindo Energy - Indonesia
- Bukit Baiduri Energy - Indonesia
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- London Commodity Brokers - England
- Bhushan Steel Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Xindia Steels Limited - India
- ICICI Bank Limited - India
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