Thursday, 03 Nov 2011
Banpu PCL said that its wholly owned subsidiary, Centennial Coal Co has issued USD 225 million worth of long-term senior unsecured notes in the North American private placement debt market.
The notes, issued in different maturities of 10, 12 and 15 years, carry a weighted average coupon of 4.55%, the company said in a filing with the Stock Exchange of Thailand, without providing specific details.
The Thai coal miner said the proceeds will be used to repay and restructure existing debt.
(Sourced from Dow Jones Newswires)
Showing posts with label stock exchange. Show all posts
Showing posts with label stock exchange. Show all posts
Thursday, November 3, 2011
Tuesday, November 1, 2011
African Energy Resources extends potential investor reach to Botswana with BSE listing
Tuesday, 01 Nov 2011
African Energy Resources joins a growing list of international resource companies as it prepares to list on the Botswana Stock Exchange following approval for the dual-listing.
The company will join the likes of Discovery Metals A‐Cap Resources and CIC Energy when it begins trading on the BSE later today. The move will place increased investor focus on its wholly owned Sese Coal Project, where the company continues to make rapid progress towards developing the 2.7 billion tonne project.
Importantly, Botswana is an emerging global coal province widely perceived as an excellent investment destination by mining companies.
The dual-listing provides African Energy with access to an additional shareholder base within Botswana that includes a number of significant institutional investors and pension funds. A formal ceremony will be held in Gaborone today to mark the admission of the company to the BSE.
The Sese Coal Project is supported by good infrastructure 25 kilometres to the east including road, rail and a 220 kilovolt power line.
India is considered the likely market for Sese thermal coal, with demand set to increase from 50 million tonnes per annum in 2010 to 210 million tonnes per annum by 2025. China is also experiencing a surge in demand for the resource with thermal coal imports expected to double to 213 million tonnes by 2025.
In September, African Energy Resources received results from a Concept Study that confirm the technical and commercial viability of the project.
Robust cash flows and strong operating margins are possible under a variety of scenarios that do not require new rail and port infrastructure.
The study concluded that the project could be developed through a staged approach. An initial, up to 1 million tonnes per annum operation can generate cash flows from 2013 and involves selling washed coal into domestic and regional markets.
Additional coal sales to a power station, and moderate volumes of export sales could expand Sese into a 3 million tonnes to 5 million tonnes per annum operation.
(sourced Proactiveinvestors)
African Energy Resources joins a growing list of international resource companies as it prepares to list on the Botswana Stock Exchange following approval for the dual-listing.
The company will join the likes of Discovery Metals A‐Cap Resources and CIC Energy when it begins trading on the BSE later today. The move will place increased investor focus on its wholly owned Sese Coal Project, where the company continues to make rapid progress towards developing the 2.7 billion tonne project.
Importantly, Botswana is an emerging global coal province widely perceived as an excellent investment destination by mining companies.
The dual-listing provides African Energy with access to an additional shareholder base within Botswana that includes a number of significant institutional investors and pension funds. A formal ceremony will be held in Gaborone today to mark the admission of the company to the BSE.
The Sese Coal Project is supported by good infrastructure 25 kilometres to the east including road, rail and a 220 kilovolt power line.
India is considered the likely market for Sese thermal coal, with demand set to increase from 50 million tonnes per annum in 2010 to 210 million tonnes per annum by 2025. China is also experiencing a surge in demand for the resource with thermal coal imports expected to double to 213 million tonnes by 2025.
In September, African Energy Resources received results from a Concept Study that confirm the technical and commercial viability of the project.
Robust cash flows and strong operating margins are possible under a variety of scenarios that do not require new rail and port infrastructure.
The study concluded that the project could be developed through a staged approach. An initial, up to 1 million tonnes per annum operation can generate cash flows from 2013 and involves selling washed coal into domestic and regional markets.
Additional coal sales to a power station, and moderate volumes of export sales could expand Sese into a 3 million tonnes to 5 million tonnes per annum operation.
(sourced Proactiveinvestors)
Saturday, March 12, 2011
Baotou Steel to raise up to $913 mln in private offering
Sat Mar 12, 2011 3:48am GMT
SHANGHAI, March 12 (Reuters) - China's Inner Mongolia Baotou Steel Union plans to raise up to 6 billion yuan, or $913 million, in a private placement of shares, the firm said in a statement to the stock exchange on Saturday.
Baotou Steel Union will issue 1.63 billion shares at 3.68 yuan each to a select pool of 10 investors. The acquisition will be used to buy two mining operations from parent Baotou Steel. ($1=6.574 Yuan) (Reporting by Melanie Lee; Editing by Clarence Fernandez,sourced:Thomson Reuters)
Tags : buy mining operations, China's mining news, Chinese steel mills, raw material,
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