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Justkapital to acquire majority interest in National Health Finance LLC

Monday, 11 Sep 2017 07:38pm EDT

Sept 12 (Reuters) - Justkapital Ltd :Justkapital to acquire majority interest in NHF.Signed a conditional securities purchase agreement to acquire 70% of National Health Finance LLC.Acquisition will be funded through a combination of a new debt facility and an equity capital raising.Purchase price, payable on completion of transaction, is US$68mln.Founders of NHF, Dave Wattel and Dr Mark Siegel, will retain a combined interest of 30% in NHF and continue to manage business.Acquisition expected to be immediately & significantly earnings accretive for Justkapital shareholders.It is expected equity capital raise will be at a substantial premium to justkapital's current share price.Not yet got ASX'S determination on application of chapter 11 of asx listing rules to co's proposed buy of national health finance business.

CNX Coal Resources updates 2017 outlook

Tuesday, 5 Sep 2017 06:45am EDT

Sept 5 (Reuters) - CNX Coal Resources LP :CNX Coal resources updates 2017 outlook.CNX Coal Resources LP - revised 2017 adjusted EBITDA outlook to $95-$105 million.Sees 2017 capital expenditure of $28-$30 million.CNX Coal Resources - reducing top end of 2017 adjusted EBITDA range to reflect ongoing mild weather trends in Q3 that have affected power demand in PJM region.CNX Coal Resources LP - ‍to reduce adverse cost impact from Enlow Fork Mine, taken various steps including temporarily suspending use of contractors.CNX Coal Resources LP - steps to reduce adverse cost impact from Enlow Fork, include lowering capital expenditures by about $3 million at midpoint of guidance.CNX Coal Resources - ‍longwall in 4L panel at company's Bailey Mine​ has been idled and workforce adjustments are being made.CNX Coal- ‍as of midnight Monday, Pennsylvania dep sought more time to review technical merits of permit for longwall mining in 4L panel at Bailey Mine​.CNX Coal Resources LP - ‍pennsylvania Mining Complex will lose approximately 25,000 tons of production per day as a result of permit delay​.CNX Coal Resources LP - co maintains the mining permit for Bailey Mine meets necessary criteria for approval.

Inner Mongolia Pingzhuang Energy Resources' owner to change

Monday, 28 Aug 2017 05:00am EDT

Aug 28 (Reuters) - Inner Mongolia Pingzhuang Energy Resources Co Ltd <000780.SZ>:Says its owner to change after China Guodian Corp merges with Shenhua Group.

China Shenhua Energy's H1 profit rises to 26.3 bln yuan

Friday, 25 Aug 2017 07:38am EDT

Aug 25 (Reuters) - China Shenhua Energy Co Ltd <601088.SS><1088.HK>:Says H1 net profit up 147.4 percent y/y at 24.3 billion yuan ($3.65 billion) by China accounting standards.Says H1 net profit at 26.3 billion yuan versus 10.8 billion yuan year ago by IFRS accounting standard.Says it expects power business' profit before tax to increase by about 700 million yuan in 2017 due to power tariff increase and cancellation of industry levy.

Exxaro says revenue for six months to June up 10 pct

Thursday, 17 Aug 2017 01:05am EDT

Aug 17 (Reuters) - Exxaro Resources Ltd ::EXXARO RESOURCES LTD - H1 REVENUE 10.736 BILLION RAND VERSUS 9.76 BILLION RAND A YEAR AGO.EXXARO RESOURCES LTD - H1 PROFIT BEFORE TAX 3.584 BILLION RAND VERSUS 1.86 BILLION RAND A YEAR AGO.HY HEPS OF 822 CENTS, UP 185 pct.EXXARO RESOURCES LTD - HY HEADLINE EARNINGS WERE 154 pct HIGHER AT R2 787 MILLION OR 882 CENTS PER SHARE.EXXARO RESOURCES LTD - EXXARO EXPECTS THAT 2H17 DOMESTIC THERMAL VOLUMES WILL REMAIN AT CURRENT LEVELS.HY AEPS OF 852 CENTS, UP 135 pct.INTERIM DIVIDEND OF 300 CENTS PER SHARE, UP 210 CENTS PER SHARE.EXXARO RESOURCES-PERFORMANCE OF INVESTMENT PORTFOLIO EXPECTED TO BE POSITIVELY INFLUENCED BY FAVOURABLE MARKET CONDITIONS, TO CONTINUE INTO 2H17.EXXARO RESOURCES LTD - EXXARO HAS A "POSITIVE" OUTLOOK FOR COAL BUSINESS IN 2H17.EXXARO RESOURCES - 2017 VOLUMES IN METALS MARKETS TO REDUCE BASED ON EXPECTED LOWER OFFTAKE FROM ARCELORMITTAL; EXPECTED TO PERSIST UNTIL 2Q18 .

Pingdingshan Tianan Coal Mining to change branch to wholly owned subsidiary

Monday, 14 Aug 2017 10:12pm EDT

Aug 15 (Reuters) - Pingdingshan Tianan Coal Mining Co Ltd <601666.SS>:* Says it will invest 5 million yuan to set up a wholly owned Pingdingshan-based coal mining subsidiary and transfer entire assets and related staffs of coal mining branch to the subsidiary .

Southgobi Resources announces qtrly loss per share $0.03

Monday, 14 Aug 2017 07:50am EDT

Aug 14 (Reuters) - Southgobi Resources Ltd :Southgobi Resources announces second quarter 2017 financial and operating results.Q2 revenue $34.7 million versus $10.4 million.Southgobi Resources Ltd - ‍Company sold 1.48 million tonnes of coal product during Q2 of 2017 as compared to 0.82 million tonnes for Q2 of 2016​.Qtrly loss per share $0.03.Southgobi - ‍Initiated plan to change existing product mix to "higher value", "higher margin" outputs by washing certain grades of coal from H2 2017​.Southgobi Resources Ltd - ‍In light of reconstitution of board and appointment of new directors, co's strategic advisory board was dissolved on June 30​.Southgobi -‍ Has entered into agreement for finance lease on new wash plant facility but will need financing to complete thermal coal processing facilities​.

Mercator to consider restructuring shipping, dredging business into separate entities​

Monday, 14 Aug 2017 12:35am EDT

Aug 14 (Reuters) - Mercator Ltd :Initiated study to explore possibility of demerger of business via restructuring of shipping, dredging business into separate entities​.

Exxaro Resources sees higher HY profit on coal business strenght

Friday, 11 Aug 2017 03:56am EDT

Aug 11 (Reuters) - Exxaro Resources Ltd :ATTRIBUTABLE EARNINGS FOR SIX-MONTH PERIOD ENDED 30 JUNE 2017 ARE EXPECTED TO BE BETWEEN R2 450 MILLION AND R2 880 MILLION.FOR SIX MONTHS TO JUNE 30, HEPS ARE EXPECTED TO BE BETWEEN 795 CENTS PER SHARE AND 925 CENTS PER SHARE COMPARED TO 309 CENTS PER SHARE.ATTRIBUTABLE EPS EXPECTED TO BE BETWEEN 775 CENTS PER SHARE-912 CENTS PER SHARE IN SIX MONTHS ENDED JUNE 30.

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