GCL - Gloucester Coal
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GreatPig
Pigs In Space
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Re: Gloucester Coal LTD : Latest News
Marketwaves,
Could you please try posting your attachments as GIF files rather than JPG files.
I think you'll find the image quality will be better and the file size much smaller.
Cheers,
GP
Marketwaves,
Could you please try posting your attachments as GIF files rather than JPG files.
I think you'll find the image quality will be better and the file size much smaller.
Cheers,
GP
Re: Gloucester Coal LTD : Latest News
I am a bit puzzeled although about the commentary.
Even if the chinese are looking for cleaner energy doesn`t mean that they don`t need any coal anymore. Those generators especially steel factories which can only run with coal to arrive at certain temperatures is the black coal very vital. Gloucester has as well very big customers in Japan with the steel mills.
I do think that there is a bit of uncertainity with china as a vital customer, but would not yet take it off the list.
Does anyone know if the australians have any plans about liquifing coal?
(if necessary)
Be pleased to hear of opinions
excalibur said:Thanks very much for the info marketwaves.
Great chat forum!
I am a bit puzzeled although about the commentary.
Even if the chinese are looking for cleaner energy doesn`t mean that they don`t need any coal anymore. Those generators especially steel factories which can only run with coal to arrive at certain temperatures is the black coal very vital. Gloucester has as well very big customers in Japan with the steel mills.
I do think that there is a bit of uncertainity with china as a vital customer, but would not yet take it off the list.
Does anyone know if the australians have any plans about liquifing coal?
(if necessary)
Be pleased to hear of opinions
Re: Gloucester Coal LTD : Latest News
Export recovery to continue in 05: DFAT
May 13, 2005 - 6:47PM
Australia's export recovery is expected to continue in 2005, although the ongoing drought could restrict growth in the rural sector.
A new government report released on Friday on Australia's trading patterns for 2004 said exports this year should benefit from improved global economic conditions and strong demand and prices for commodities such as coal.
"There have been encouraging signs of continued growth in Australia's exports in 2005," the Department of Foreign Affairs and Trade (DFAT) report said.
"However, rainfall deficiencies persist in some parts of inland eastern Australia and may affect rural exports over the period."
The report found Australia's exports lifted eight per cent to $152.5 billion in 2004 on the back of a rise in volumes and prices, mainly in the resources sector.
However, our appetite for imports, especially cars, also increased eight per cent to $178.2 billion, aided by the stronger Australian dollar.
Opposition trade spokesman Simon Crean said the DFAT report confirmed Australia was facing a trade crisis.
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"Notwithstanding record commodity prices, the highest terms of trade since the 1950s and brisk global growth, the value of Australia's exports rose only eight per cent in 2004, just keeping pace with the eight per cent growth in imports, thereby increasing the trade deficit," he said.
Treasurer Peter Costello forecast in the budget this week that imports were again expected to rise eight per cent in 2005/06, while exports were tipped to rise just seven per cent.
DFAT said Japan remained Australia's largest trading partner in 2004 ahead of the United States and China.
Japan was most hungry for Australian coal, beef and iron ore while the US wanted beef, alcohol and crude petroleum and China splashed out on iron ore, wool and petrol.
The same three countries provided most of Australia's imported goods and services.
Australians favoured US-made products the most with aircraft, measuring instruments and medicines at the top of the shopping list.
Chinese-made computers, toys and telecommunications equipment were next, followed by cars, engineering equipment and motor vehicle parts from Japan.
Overall, Australia's biggest export was coal (up 23 per cent to $13.4 billion) thanks to a rise in world prices amid growing demand from Japan, Korea and India.
The easing of the drought in some parts of Australia also helped boost exports of beef (up 28 per cent) and wheat (up 74 per cent).
A growing taste for Australian wines, especially in Britain and the United States, helped lift alcohol exports 13 per cent.
On the imports side, foreign-made cars topped the list (up four per cent) followed by crude petroleum (up 21 per cent) and computers (up 14 per cent).
Meanwhile, Trade Minister Mark Vaile said a new agriculture team was being set up by Austrade in the US to help Australian companies take advantage of the new free trade agreement between the two countries.
"Never has there been a better time for farmers, agricultural suppliers and service providers to capitalise on the enormous opportunities on offer in the US," Mr Vaile said.
© 2005 AAP
Brought to you by aap
http://smh.com.au/articles/2005/05/13/1115843365159.html
Export recovery to continue in 05: DFAT
May 13, 2005 - 6:47PM
Australia's export recovery is expected to continue in 2005, although the ongoing drought could restrict growth in the rural sector.
A new government report released on Friday on Australia's trading patterns for 2004 said exports this year should benefit from improved global economic conditions and strong demand and prices for commodities such as coal.
"There have been encouraging signs of continued growth in Australia's exports in 2005," the Department of Foreign Affairs and Trade (DFAT) report said.
"However, rainfall deficiencies persist in some parts of inland eastern Australia and may affect rural exports over the period."
The report found Australia's exports lifted eight per cent to $152.5 billion in 2004 on the back of a rise in volumes and prices, mainly in the resources sector.
However, our appetite for imports, especially cars, also increased eight per cent to $178.2 billion, aided by the stronger Australian dollar.
Opposition trade spokesman Simon Crean said the DFAT report confirmed Australia was facing a trade crisis.
AdvertisementAdvertisement
"Notwithstanding record commodity prices, the highest terms of trade since the 1950s and brisk global growth, the value of Australia's exports rose only eight per cent in 2004, just keeping pace with the eight per cent growth in imports, thereby increasing the trade deficit," he said.
Treasurer Peter Costello forecast in the budget this week that imports were again expected to rise eight per cent in 2005/06, while exports were tipped to rise just seven per cent.
DFAT said Japan remained Australia's largest trading partner in 2004 ahead of the United States and China.
Japan was most hungry for Australian coal, beef and iron ore while the US wanted beef, alcohol and crude petroleum and China splashed out on iron ore, wool and petrol.
The same three countries provided most of Australia's imported goods and services.
Australians favoured US-made products the most with aircraft, measuring instruments and medicines at the top of the shopping list.
Chinese-made computers, toys and telecommunications equipment were next, followed by cars, engineering equipment and motor vehicle parts from Japan.
Overall, Australia's biggest export was coal (up 23 per cent to $13.4 billion) thanks to a rise in world prices amid growing demand from Japan, Korea and India.
The easing of the drought in some parts of Australia also helped boost exports of beef (up 28 per cent) and wheat (up 74 per cent).
A growing taste for Australian wines, especially in Britain and the United States, helped lift alcohol exports 13 per cent.
On the imports side, foreign-made cars topped the list (up four per cent) followed by crude petroleum (up 21 per cent) and computers (up 14 per cent).
Meanwhile, Trade Minister Mark Vaile said a new agriculture team was being set up by Austrade in the US to help Australian companies take advantage of the new free trade agreement between the two countries.
"Never has there been a better time for farmers, agricultural suppliers and service providers to capitalise on the enormous opportunities on offer in the US," Mr Vaile said.
© 2005 AAP
Brought to you by aap
http://smh.com.au/articles/2005/05/13/1115843365159.html
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Re: Gloucester Coal LTD : Latest News
Most of the coal companies have jumped well over the last couple of trading days. I wonder if talk from the Feds about taking control of the ports nationwide and reducing coal-ship bottlenecks is helping sentiment here?
Cheers,
AJ
PS: I do not hold coal stocks ATM - but my beady eye is upon them ;o)
Most of the coal companies have jumped well over the last couple of trading days. I wonder if talk from the Feds about taking control of the ports nationwide and reducing coal-ship bottlenecks is helping sentiment here?
Cheers,
AJ
PS: I do not hold coal stocks ATM - but my beady eye is upon them ;o)
Re: Gloucester Coal LTD : Latest News
I may be confusing your observation, but I do think that a such speculation from the Fed would be a negative factor for the stocks.
If you have your foot on the neck of a balloon, the air won`t escape.
The balloon is the stock and the air is trade.
But that they do discuss about it in the first place, could signal a sky-rocketing of the resources and of course of price.
Time will tell...
If the stocks got a nudge, it was primarily because of positive sentiments comin from Asia and of course the US dollar that`s gaining altitude.(slowly but surely).
Cheers
EX
I may be confusing your observation, but I do think that a such speculation from the Fed would be a negative factor for the stocks.
If you have your foot on the neck of a balloon, the air won`t escape.
The balloon is the stock and the air is trade.
But that they do discuss about it in the first place, could signal a sky-rocketing of the resources and of course of price.
Time will tell...
If the stocks got a nudge, it was primarily because of positive sentiments comin from Asia and of course the US dollar that`s gaining altitude.(slowly but surely).
Cheers
EX
Re: Gloucester Coal LTD : Latest News
Coal mine to grow
Wednesday, 25 May 2005
Gloucester Coal has announced plans to extend the life of its mining operations in the Gloucester basin.
Activities initiated by the board are expected to double existing mineable reserves and extend the life of the company's mining operations towards 2020.
The expansion plans were flagged in a Gloucester coal strategy development announcement in February of this year and confirmed at the annual general meeting in Sydney last week.
Gloucester Coal chairman Andy Hogendijk said in his report to the meeting that for a number of years the company has had limited mineable reserves.
He told shareholders that Gloucester coal has exploration licenses over the Gloucester Basin, which has insitu resources in excess of 140 million tonnes.
"Your Directors are committed to proving these resources into mineable reserves and thereby extending the life of the operation.
"A definitive exploration program has been approved and our annoucement today will show that this work is giving us positive results," he said.
Mr Hogendijk reported to the meeting that resources and mineable reserves at Duralie have been increased significantly.
"Mineable reserves have increased by 50 percent from 13million tonnes up to 21million tonnes with the inclusion of two new open cut areas. This increase is significant in that it extends the life of the operation beyond 2017," he said.
Mr Hogendijk said resources in the potential underground area have now been staged at 115million tonnes.
The Chairman also reported on a positive financial year for the company.
He said the price increases achieved for Gloucester coking coal for the Japanese fiscal year had resulted in a strengthening of the company's financial outlook.
As a result an unfranked dividend of 10 cents per payable share was declared, payable following the release of the 30 June results.
Gloucester Coal's manager of operations Dan Buckley said Gloucester Coal had spoken to a number of landholders in the area to the north east of Duralie open cut mine to advise them of the planned expansion.
He said the company wanted to ensure those possibly impacted by the expansion plans were aware of what was planned by Gloucester Coal.
Mr Buckley said a full Environmental Impact Statement would need to be undertaken and a process of community consultation would also commence to discuss the proposed mine expansion.
He said if the mining is to occur he said it would be best if the company owned the land and as a result approaches had been made to landholders.
Among the landholders approached were Jo and Mark Giudice who moved to their 25 acres on Johnson Creek Road in January this year.
Mrs Giudice said she was caught completely by surprise by Gloucester Coal's plans.
"We've been in shock, in tears...feeling angry but we've got together with the neighbours who don't want to sell and we're going to fight," she said.
Mrs Giudice said the neighbours affected by the announcement will stick together and look after their own interests.
She said they moved to Gloucester from Sydney for the lifestyle and peace and quiet and had spent some time looking for their land.
She said the valley has not only beautiful views but an abundence of wildlife.
"To have someone say we're going to dig it up, it's a travesty," she said.
Mrs Giudice said at this stage they would wait to find out more from Gloucester Coal and what was proposed and they would wait and see what happened.
"We don't really know what to do," she said.
Coal mine to grow
Wednesday, 25 May 2005
Gloucester Coal has announced plans to extend the life of its mining operations in the Gloucester basin.
Activities initiated by the board are expected to double existing mineable reserves and extend the life of the company's mining operations towards 2020.
The expansion plans were flagged in a Gloucester coal strategy development announcement in February of this year and confirmed at the annual general meeting in Sydney last week.
Gloucester Coal chairman Andy Hogendijk said in his report to the meeting that for a number of years the company has had limited mineable reserves.
He told shareholders that Gloucester coal has exploration licenses over the Gloucester Basin, which has insitu resources in excess of 140 million tonnes.
"Your Directors are committed to proving these resources into mineable reserves and thereby extending the life of the operation.
"A definitive exploration program has been approved and our annoucement today will show that this work is giving us positive results," he said.
Mr Hogendijk reported to the meeting that resources and mineable reserves at Duralie have been increased significantly.
"Mineable reserves have increased by 50 percent from 13million tonnes up to 21million tonnes with the inclusion of two new open cut areas. This increase is significant in that it extends the life of the operation beyond 2017," he said.
Mr Hogendijk said resources in the potential underground area have now been staged at 115million tonnes.
The Chairman also reported on a positive financial year for the company.
He said the price increases achieved for Gloucester coking coal for the Japanese fiscal year had resulted in a strengthening of the company's financial outlook.
As a result an unfranked dividend of 10 cents per payable share was declared, payable following the release of the 30 June results.
Gloucester Coal's manager of operations Dan Buckley said Gloucester Coal had spoken to a number of landholders in the area to the north east of Duralie open cut mine to advise them of the planned expansion.
He said the company wanted to ensure those possibly impacted by the expansion plans were aware of what was planned by Gloucester Coal.
Mr Buckley said a full Environmental Impact Statement would need to be undertaken and a process of community consultation would also commence to discuss the proposed mine expansion.
He said if the mining is to occur he said it would be best if the company owned the land and as a result approaches had been made to landholders.
Among the landholders approached were Jo and Mark Giudice who moved to their 25 acres on Johnson Creek Road in January this year.
Mrs Giudice said she was caught completely by surprise by Gloucester Coal's plans.
"We've been in shock, in tears...feeling angry but we've got together with the neighbours who don't want to sell and we're going to fight," she said.
Mrs Giudice said the neighbours affected by the announcement will stick together and look after their own interests.
She said they moved to Gloucester from Sydney for the lifestyle and peace and quiet and had spent some time looking for their land.
She said the valley has not only beautiful views but an abundence of wildlife.
"To have someone say we're going to dig it up, it's a travesty," she said.
Mrs Giudice said at this stage they would wait to find out more from Gloucester Coal and what was proposed and they would wait and see what happened.
"We don't really know what to do," she said.
Re: Gloucester Coal LTD : Latest News
Gloucester Coal to move to full ownership of its Stratford Operations through the purchase of Itochu Corporation's' 10% interest in the Stratford Joint Venture.
We have a breakout!
https://www.aussiestockforums.com/forums/attachment.php?attachmentid=&stc=1
Gloucester.png
Gloucester Coal to move to full ownership of its Stratford Operations through the purchase of Itochu Corporation's' 10% interest in the Stratford Joint Venture.
We have a breakout!
https://www.aussiestockforums.com/forums/attachment.php?attachmentid=&stc=1
Gloucester.png
Attachments
Re: Gloucester Coal LTD : Latest News
(GCL) GLOUCESTER COAL LTD -4.0c to $3.26; this morning reported that 465,000 tonnes of saleable coal were produced in the quarter ended 30 June 2005. The group advised that the production results reflected an 8.5% increase in effective operating throughput for its Stratford Preparation Plant. Gloucester also reported significant margin improvement from new coking coal contract prices, which were 119% higher than the last annual contracts.
27/07/05 By: egoli Resources
(GCL) GLOUCESTER COAL LTD -4.0c to $3.26; this morning reported that 465,000 tonnes of saleable coal were produced in the quarter ended 30 June 2005. The group advised that the production results reflected an 8.5% increase in effective operating throughput for its Stratford Preparation Plant. Gloucester also reported significant margin improvement from new coking coal contract prices, which were 119% higher than the last annual contracts.
27/07/05 By: egoli Resources
New Unknown Coal Discoveries!!!!
For official announcement please check GCL.AX
or
following link:
http://www.aspecthuntley.com.au/doc...uY2UueWFob28uY29tL2FjYS9kZWxheWVkP3M9R0NMLkFY
For official announcement please check GCL.AX
or
following link:
http://www.aspecthuntley.com.au/doc...uY2UueWFob28uY29tL2FjYS9kZWxheWVkP3M9R0NMLkFY
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Starting to have a look at Gloucester Coal, one of the best in the junior sector. Coking Coal as well as thermal when the likes of Felix Resources extend only from thermal to semi-soft coking.
Difficult to find any flaws in the running of GCL so it must only be in future expansion plans.
A buy-back showed they have plenty of cash - or have they? Net debt was reduced to 11%.
They have now introduced a dividend re-investment plan to fund expansion. Very similar to that of CSR some years ago. Seems a change round from a buy-back situation.
We know how well the Gloucester basin is going with the extended life, due to the Clareval coking coal seam find at East Duralie, and the extension of Stafford Resources right out to 2036.
So expansion has its financial risks at the rate GCL are planning and it should go well providing coal prices hold up.
Difficult to find any flaws in the running of GCL so it must only be in future expansion plans.
A buy-back showed they have plenty of cash - or have they? Net debt was reduced to 11%.
They have now introduced a dividend re-investment plan to fund expansion. Very similar to that of CSR some years ago. Seems a change round from a buy-back situation.
We know how well the Gloucester basin is going with the extended life, due to the Clareval coking coal seam find at East Duralie, and the extension of Stafford Resources right out to 2036.
So expansion has its financial risks at the rate GCL are planning and it should go well providing coal prices hold up.
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GCL trade today at $3.59 which shows a sideways movement for most of this year. The buy-back has now ended and a dividend reinvestment plan comes into play. So, having bought the shares back and cancelled them, more are now being created to be sold at a 2.5% discount to shareholders via their dividend - seems a bit strange, but there you goes.
Hopefully the companies management now know what they are doing, needs a carefull check though.
Hopefully the companies management now know what they are doing, needs a carefull check though.
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GCL are now bubbling after the NSW find at Clareval, close to $4.00 again and may press on strongly.
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At $4.18 Gloucester Coal have now broken firmly through the $4.00 barrier again and should test their all-time high shortly. Looks to have quite a lot of momentum and enthusiasm like Felix Resources of late.
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After promising a great deal Gloucester Coal's share price has stayed below $4.00. The trading halt, noted as price sensitive, may lead to us getting the true value from GCL. A good company that should be worth more than todays price, imho.
