Saturday, 13 Aug 2011
Bloomberg reported that Hong Kong based supplier of energy, food and mining commodities Noble Group Ltd bought five iron ore shipments from Ferrous Resources Ltd as China boosts its imports of the steelmaking material.
As per report Noble bought 750,000 tonnes to be delivered between next month and January, Mr Andre Simao CFO of Ferrous said that four trading companies bid for the cargoes, with Noble offering the best conditions.
China, the world’s biggest consumer of iron ore, boosted ore imports by 6.8% in July to 54.55 million tonnes as steelmakers replenished stockpiles. Belo Horizonte, Brazil based Ferrous is competing with miners including Vale SA and MMX Mineracao & Metalicos SA in boosting iron ore sales and output.
(Sourced from Bloomberg)
Showing posts with label Noble Group. Show all posts
Showing posts with label Noble Group. Show all posts
Saturday, August 13, 2011
Thursday, March 3, 2011
Noble Group seeks more Mongolia coal deals
Thursday, 03 Mar 2011
Noble Group Ltd the Hong Kong based supplier of energy, food and mining commodities, sees Mongolia as its next opportunity to expand in coal and build on its record 2010 profits.
Mr Ricardo Leiman CEO of Noble Group said that “We have staff looking at several opportunities in Mongolia, especially in exploration companies. Mongolia will be an area specifically for quarter two. We look at developing a similar model there to what we have in Indonesia and Australia.”
Noble won exclusive overseas marketing rights for PT Berau Coal, Indonesia’s No 5 producer, in November, adding to its Australian assets which include Gloucester Coal Ltd. The Berau deal will contribute nicely to 2011 earnings, Mr Leiman said after his company posted record annual net income of USD 606 million from USD 57 billion in sales.
Aspire Mining Ltd which explores for coal in Mongolia said that Noble bought 4.1% of its shares and is in preliminary talks on how the two can cooperate. Xanadu Mines Ltd which plans to develop coal and iron ore fields in Mongolia.(sourced from bloomberg)
Mr Ricardo Leiman CEO of Noble Group said that “We have staff looking at several opportunities in Mongolia, especially in exploration companies. Mongolia will be an area specifically for quarter two. We look at developing a similar model there to what we have in Indonesia and Australia.”
Noble won exclusive overseas marketing rights for PT Berau Coal, Indonesia’s No 5 producer, in November, adding to its Australian assets which include Gloucester Coal Ltd. The Berau deal will contribute nicely to 2011 earnings, Mr Leiman said after his company posted record annual net income of USD 606 million from USD 57 billion in sales.
Aspire Mining Ltd which explores for coal in Mongolia said that Noble bought 4.1% of its shares and is in preliminary talks on how the two can cooperate. Xanadu Mines Ltd which plans to develop coal and iron ore fields in Mongolia.(sourced from bloomberg)
Subscribe to:
Posts (Atom)
Posts
