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Coal

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Glencore says purchases stakes in Mutanda and Katanga

Monday, 13 Feb 2017 11:00am EST

Glencore Plc : Today purchased from subsidiaries of fleurette properties limited, fleurette group's remaining 31 pct stake in Mutanda mining sarl and an approximate 10.25 pct stake in Katanga mining limited . Consideration for Mutanda shares is us$922 million and Katanga shares is us$38 million. . Glencore - glencore will set-off against cash consideration payable to fleurette, loans owing to glencore group by fleurette and its affiliates, and secured over Mutanda shares, amounting to us$556 million of which us$120 million comprises accrued interest . In addition, glencore has acquired shareholder loans owed to fleurette group by Mutanda mining sarl in amount of us$130 million. . Accordingly, aggregate cash consideration payable by glencore group in respect of transactions is us$534 million. . In addition, glencore has acquired a further 15,325,000 shares in Katanga mining limited ("Katanga"), which were held as security for a loan provided to Ruwenzori Limited, a member of Fleurette Group .Glencore now owns 100 pct of shares in Mutanda and approximately 86.33 pct of shares in Katanga..

Semirara Mining And Power Corporation clarifies about news article in philSTAR.com on Feb 13

Monday, 13 Feb 2017 02:11am EST

Semirara Mining And Power Corporation : Refers to news article entitled “Semirara to hike output 10% this year” posted on philSTAR.com on February 13 . Confirm expected production to increase this year by 10%, more or less, but co emphasize it is on assumption of favorable weather condition .On supposed suspension of ECC, clarify that the co has not received any notice of deficiency.

Shanghai Datun Energy Resources' vice chairman resigns

Friday, 10 Feb 2017 05:44am EST

Shanghai Datun Energy Resources Co Ltd <600508.SS> :Says vice chairman, general manager Jiang Hua resigns due to change in job role.

Nucoal Resources says Megan Etcell to be CEO

Thursday, 9 Feb 2017 05:53pm EST

Nucoal Resources Ltd : Glen Lewis will step down from position of managing director . Megan Etcell will become chief executive officer from 5 March 2017 .Megan will retain duties of CFO.

Sahakol Equipment enters into ore mining service contract (tin mining)

Thursday, 9 Feb 2017 07:27am EST

Sahakol Equipment Pcl : Entering Into The Ore Mining Service Contract (Tin Mining) . Company has entered into the ore mining service contract with Myanmar Pongpipat Company Limited .Deal for 3.67 billion baht.

NLC India Dec qtr profit surges

Thursday, 9 Feb 2017 06:30am EST

NLC India Ltd : Dec quarter net profit 3.36 billion rupees . Dec quarter total income 19.64 billion rupees .Net profit in dec quarter was 179 million rupees last year as per Ind-AS; total income was 14.12 billion rupees.

Elife updates on conditional subscription agreement

Thursday, 9 Feb 2017 04:27am EST

Elife Holdings Ltd <0223.HK> : Reference is made to announcement of company dated 22 november 2016 in relation to conditional subscription agreement . Chen decided not to proceed with subscription of 28% of issued share capital of national gain . Subscription agreement lapsed and became null and void forthwith on 31 Dec 2016 and both parties thereto were released from all obligations thereunder . Group has sufficient capacity to finance start-up capital to be invested in national gain group . Intends to maintain its 100% shareholding in national gain . Intends to continue pursuing investment of up to about hk$100 million as start-up capital in national gain group . Subscription amount by chen is considered immaterial relative to total investment of approximately hk$100 million in national gain group .Direction and plan for strategic cooperation with huimin remain unchanged and unaffected by lapse of subscription agreement.

Peabody energy announces upsize and pricing of $950 million senior secured term loan facility

Wednesday, 8 Feb 2017 05:42pm EST

Peabody Energy Corp : Peabody Energy announces upsize and pricing of $950 million senior secured term loan facility . Peabody Energy Corp - priced a senior secured term loan and, "in response to strong demand", has upsized term loan to $950 million from $500 million .Peabody Energy Corp- term loan facility will mature in 2022 and bear interest at a rate of libor plus 4.50pct per annum, with a 1.00pct libor floor.

Peabody Energy announces pricing of $1.0 billion aggregate principal amount senior secured notes

Wednesday, 8 Feb 2017 05:40pm EST

Peabody Energy Corp : Peabody Energy announces pricing of $1.0 billion aggregate principal amount senior secured notes . Peabody Energy announces pricing of $1.0 billion aggregate principal amount senior secured notes .Peabody Energy-pricing of private offering consisting of $500 million of 6.000pct senior secured notes due 2022, $500 million of 6.375pct senior secured notes due 2025.

CNX Coal Resources LP says files for mixed shelf offering of up to $750 million - SEC filing

Wednesday, 8 Feb 2017 04:13pm EST

CNX Coal Resources LP :CNX Coal Resources LP says files for mixed shelf offering of up to $750 million - SEC filing.

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