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’Business as usual at ENRC [updated]
Corporate governance is alive and well at ENRC.
Just weeks after the Kazakh miner said it was committed to a strong and independent board, it’s announced plans to buy a thermal coal producer from its founding oligarch trio.
Bumi and the Bakrie Brothers
Is there any more Bumi Resources can do to make itself uninvestable to the average UK institutional investor?
It seems there is, albeit indirectly.
Wednesday’s announcement from Nat Rothschild’s company within a company,
Chinese coal and the business card paradox
Something was different at this year’s McCloskey Asia-Pacific Coal Summit, says Michael Parker at Bernstein:
Maybe it was the change of venue from Dalian to Beijing, but attendance by local Chinese participants was down and stage-rushing at the end of each presentation to hand out business cards was down too.
Crunching the carbon price for Aussie miners
After much wailing and gnashing of teeth name-calling and politicking Australia’s minority government on Sunday announced details of its carbon pricing scheme.
Planned for a mid-2012 start, the scheme would initially price CO2 emissions at $23 per tonne,
Untying Vallar’s Gordian knot
Few mainstream institutional investors have focussed on Vallar till now – we feel this could trigger their taking a closer look.
That’s Liberum Capital talking about Nat Rothschild’s original London-listed shell company,
Coal, real interest rates and FX
The commodities rout confused a lot of people because it didn’t seem to have an obvious cause.
Analysts at Bank of America Merrill Lynch, however, are getting mystified about another element related to the slide.
A nuclear primer from BarCap
Here’s a nice piece of research from Barclays Capital.
The UK bank has enlisted the help of a former nuclear safety employee to discuss events at Fukushima Daiichi, the Japanese nuclear plant hovering on the edge of meltdown.
China coal *alert*
Chinese coal prices.
We don’t know too much about them, but we understand it’s probably a good time to learn. As Bloomberg reported on Monday:
March 1 (Bloomberg) — Coal prices at Qinhuangdao, a benchmark in China,
How not do to do earnings guidance
It’s a tricky business forecasting profits and things like this don’t help.
A couple of months ago, New World Resources, one of those eastern European mining companies that floated in London over the past couple of years,
Is coal the stock market’s canary?
With London equities market wafting in and out of bear market territory on Thursday – a response to the 1.8 per cent drop on the S&P 500 overnight and a 1.46 per cent fall on the Dow – attention turned in the unlikely direction of over-the-counter thermal coal.