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Yang Quan Coal Industry Group to merge with wholly owned mining investment unit

Monday, 3 Jul 2017 06:48am EDT

July 3(Reuters) - Yang Quan Coal Industry Group Co Ltd <600348.SS> ::* Says it plans to merge with its wholly owned mining investment subsidiary .

Indus Coal says consulting with existing debtholders to restructure debt & recapitalise co

Wednesday, 14 Jun 2017 08:04pm EDT

June 15 (Reuters) - Indus Coal Ltd ::Consulting with existing debtholders to restructure debt & recapitalise co prior to automatic removal of co from ASX official list on 23 Sept 2017.Advises securities remain suspended pending release of an announcement regarding status of potential development of block 9 or refinancing strategy.

Mongolia Energy updates on coal import restriction imposed by Xinjiang authorities

Friday, 19 May 2017 05:26am EDT

May 19 (Reuters) - Mongolia Energy Corp Ltd <0276.HK>::Coal import restriction imposed by Xinjiang authorities will have negative impact on group.Company has been given permission to use another customs border temporarily for two weeks from 16 May 2017 for raw coal import into Xinjiang.Co still awaiting finalization of security device specifications from Xinjiang Takeshiken border authorities before it could commence installation work."Target is to import about 30,000 tonnes raw coking coal, subject to adjustment, into Xinjiang for sales".Import restriction on Xinjiang border has no effect on thermal coal supply; will continue to provide thermal coal to address local needs."We will continue to suspend overburden removal and coal excavation works on our mine site for time being to save our operation costs"."Our coal washing plant in Xinjiang is placed on a standby mode".

HMS Bergbau sees positive business developments in 2017

Monday, 8 May 2017 08:03am EDT

May 8 (Reuters) - HMS BERGBAU AG :POSITIVE BUSINESS DEVELOPMENTS EXPECTED IN 2017.PROFIT FOR PERIOD 1 JANUARY TO 31 DECEMBER 2016 RAN TO EUR 269 THOUSAND (PREVIOUS YEAR: EUR 179 THOUSAND).EXPECTS SALES REVENUES TO INCREASE SLIGHTLY AND GROSS MARGINS TO REMAIN ATTRACTIVE IN CURRENT 2017 FINANCIAL YEAR.FY EBIT INCREASED SIGNIFICANTLY DURING 2016 REPORTING PERIOD, FROM EUR 747 THOUSAND IN 2015 TO EUR 1,693 THOUSAND.EXPECT A POSITIVE ANNUAL RESULT AT A HIGHER LEVEL THAN ONE SEEN IN 2016 FOR FINANCIAL YEAR 2017.

CONSOL Energy Q1 adjusted earnings per share $0.17

Tuesday, 2 May 2017 06:45am EDT

May 2 (Reuters) - Consol Energy Inc :Consol energy reports first quarter results; increased 2017 and 2018 production guidance to 420-440 bcfe and 490-520 bcfe, respectively; closed on sale of assets totaling $108 million to date.Q1 loss per share $0.17.Q1 earnings per share view $0.10 -- Thomson Reuters I/B/E/S.Consol energy inc says during q1 of 2017, consol's e&p division sold 95.0 bcfe, or a decrease of 3% from 97.5 bcfe sold in year-earlier quarter.Consol energy inc says expects utica shale total production costs to improve to approximately $1.80 per mcfe for full year 2017.Consol energy inc says for q1 of 2017, consol's average sales price for natural gas, natural gas liquids, oil, and condensate was $2.85 per mcfe.Consol energy -increasing its e&p division production guidance for 2017 and 2018 to approximately 420-440 bcfe and 490-520 bcfe, respectively.Consol energy inc - qtrly total revenue and other income $698.7 million versus $532.8 million.Q1 adjusted earnings per share $0.17.Q1 revenue view $641.3 million -- Thomson Reuters I/B/E/S.

Terracom says Blair Athol conditions satisfied

Sunday, 30 Apr 2017 07:06pm EDT

May 1 (Reuters) - Terracom Ltd :Blair Athol conditions satisfied."We plan to recommence mining in june with more than 600 direct and indirect jobs expected to be generated".Unit received confirmation from Queensland Government that unit satisfied conditions & will now proceed as matter of urgency to complete title transfer process.

Yanzhou Coal Mining Co updates on acquisition of 65% equity interest in Yankuang Group Finance

Friday, 28 Apr 2017 08:59am EDT

April 28 (Reuters) - Yanzhou Coal Mining Co Ltd <600188.SS>:Discloseable transaction and connected transaction acquisition of 65% equity interest in yankuang group finance.Deal for consideration of RMB1.12 billion.Co agreed to acquire and Yankuang Group agreed to sell its 65% equity interest in Yankuang Group Finance for RMB1.12 billion.Yankuang Group Finance entered into new financial services agreement with yankuang group.Yankuang Group Finance to provide deposit services, comprehensive credit facility services to yankuang group members.

Yanzhou Coal Mining updates on legal proceedings

Tuesday, 25 Apr 2017 06:21am EDT

April 25 (Reuters) - Yanzhou Coal Mining Co Ltd <600188.SS>:Updates on dispute involving financial loan contract between Jining High-Tech zone branch of ABC and Zhongyin Logistics , a unit of co.After investigation and verification by co, Zhongyin Logistics did not register any pledge of accounts receivable business to plaintiff.As case has not yet been concluded, co unable to estimate impact of litigation on current profit and future profit of company."Company filed application to verify authenticity of corporate chop and personnel handwriting to court hearing this case".Litigation would not have negative impact on current profit and future profit of company.As verified, corporate chop of Zhongyin Logistics and signature of handling personnel were not real.Corporate chops of co and Zhongyin Logistics being used in relevant evidence submitted by plaintiff are suspected of forgery.

Taiyuan Coal Gasification sees Q1 2017 net profit to be 72-78 mln yuan

Monday, 17 Apr 2017 03:57am EDT

April 17 (Reuters) - Taiyuan Coal Gasification Co Ltd <000968.SZ>: :* Sees net profit for Q1 2017 to be 72 million yuan to 78 million yuan, compared to net profit of the same period in 2016 (12.8 million yuan) (After business restructuring) .* Comments that increased sales of engineering construction business is the main reason for the forecast.

India plans share sales in 7 state-run cos including IOC, NTPC, SAIL

Monday, 17 Apr 2017 02:29am EDT

April 17 (Reuters) - ** India plans to sell 10 pct stake in Steel Authority via offer for sale - govt document:** India plans to sell 5 pct stake in REC via offer for sale - govt document.** India plans to sell 10 pct stake in NTPC via offer for sale - govt document.** India plans to sell 3 pct stake in Indian Oil via offer for sale - govt document.** India plans to sell 10 pct stake in NHPC via offer for sale - govt document.** India plans to sell 10 pct stake in Power Finance via offer for sale - govt document.** India plans to sell 15 pct stake in NLC via offer for sale - govt document.

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