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LINC ENERGY LTD

Robots replace workers in China

Kuka, Europe’s largest maker of industrial robots, is creating a regional hub in China to tap surging sales in the world’s most populous country, where rising wages are lifting demand for automated factory equipment.

Golden energy link to China

Linc Energy’s underground coal gasification technology has received a big vote of confidence from Hong Kong-listed Golden Concord Holdings, which has agreed to invest at a huge premium.

Linc shares soar 30pc on China deal

Shares in Linc Energy have soared by more than 30 per cent after it formed a joint venture to produce gas in China.

Companies briefs

Higher oil prices boosted Origin Energy’s oil and gas revenue by 5 per cent to $198.8 million in the December quarter compared with a year earlier.

Businesses abandon Labor ship

In an ominous sign for Labor, businesses in Queensland are ready to take a chance on a change of party in government.

Make Queensland low-tax state again

Leading business figures have called on Queensland Premier Anna Bligh and Liberal National Party leader Campbell Newman to regain the state’s reputation as a “tax friendly” state ahead of the March 24 election.

Property briefs

FKP Propertry Group said yesterday it was unaware of any reason behind the sudden surge in its share price. The stock rocketed by 10.7 per cent on the back of an article in The Australian Financial Review’s Street Talk.

Linc set to sign UCG deal

Mining and energy entrepreneur Peter Bond said his Brisbane-based oil and gas play is set to sign with a Chinese cornerstone investor “within weeks”.

Linc close to China deal

Diversified energy group Linc Energy has revealed that discussions with a potential cornerstone investor in the company are “very well progressed”.

Selling points revive Linc

Shareholders in Linc Energy are starting to feel some warmth for the energy group’s boss and major shareholder Peter Bond after spending the last half of 2011 out in the cold.

Energy stocks hit as LNG hopes turn to water

Energy stocks were the worst performing group on Thursday as worries about liquified natural gas prices and oil demand hammered the sector.

Bond reconsiders purchase

Linc Energy founder Peter Bond says he is having second thoughts about buying a $37 million riverfront office tower in Brisbane.

Bond snaps up Dunk

Linc Energy founder and managing director Peter Bond has purchased the cyclone-battered Dunk Island resort for about $10 million.

Linc Energy (LNC)

Diversified energy technology company Linc Energy has struggled to gain traction with investors over the past 12 months despite a flurry of activity.

Steel boom drives search for coal

Indian investment in Australia’s energy sector will go under the microscope at this week’s Commonwealth Business Forum.

Afternoon resources round-up

Linc Energy, Energy Developments, Jameson Resources, Kimberley Metals, Bandanna Energy, Chinalco Yunnan Copper Resources, Goldsearch, Southern Cross Goldfields, Doray Minerals, PlatSearch, Dragon Mining.

M&A activity makes coal a red-hot sector

Corporate activity in the coal sector is gearing up as international buyers and local hopefuls position themselves amid strong demand for thermal and coking coal.

Linc oils deal for Texan producer

Diversified energy group Linc Energy has completed the $US236 million acquisition of the oil and gas assets from Gulf Coast oil producer ERG Resources.

Linc’s oil shale find looking big

Oil and gas producer Linc Energy could seek the financial firepower of energy majors to help develop a large deposit holding up to 200 billion tonnes of oil shale.

Company briefs

Hills Holdings director Roger Flynn announced his retirement from the board. Mr Flynn was a non-executive director of Hills for 12 years.

Linc buys strategic stake in Firestone Energy

Expanding energy company Linc Energy has bought a 9.6 per cent strategic stake in junior explorer Firestone Energy, a deal that also gives it access to the company’s joint venture in South Africa.

Linc starts on Teresa coal mine approvals

Linc Energy has started the environmental approvals process for an underground coal mine at its Teresa tenement in Queensland, even though it is the process of selling the asset.

Linc Energy (LNC)

Linc Energy has displayed all the attributes of a classic “high beta” stock in the past few sessions, during which volatility has surged dramatically.

Linc may get $450m for Teresa coal sale

Linc Energy may get close to $450 million for the sale of its Teresa coal tenement in Queensland, which is progressing towards an agreement, according to RBS.

Company briefs

Linc Energy has reversed a decision to scrap a $US236 million deal to purchase producing oil and gas fields in Texas and Louisiana from ERG Resources.

Linc still has US deals in its sights

Linc Energy will redirect roughly $200 million of planned debt financing towards new acquisitions in the US after abandoning a $US236 million purchase.

Linc Energy scraps $220m US acquisition

Linc Energy has ditched its planned $220 million acquisition of oil field assets in the onshore Gulf of Mexico from ERG Resources, citing title defects identified during the due diligence process.

Abbot Point bidders battle for coal supremacy

ResourcesDaily lists the mining companies that are likely to help fund a $6.2 billion expansion of Abbot Point, which is set to become Australia’s largest coal port.

Linc Energy chasing more oil assets

Linc Energy boss Peter Bond is eyeing the acquisition of at least three more oil production ventures in North America this year.

Linc Energy (LNC)

Linc Energy has paid $US270 million for a portfolio of mature oil producing assets in Texas and Louisiana.

Bearish economic outlook takes toll on equities

Before the Bell – Lingering worries about the state of the US economy are continuing to reverberate on Wall Street ■ S&P falls 1pc to lowest since March ■ Oil falls below $US100 mark ■ Yen strengthens ■ $A at $US1.0711 ■ Broker Watch: Metcash, Echo Entertainment, Iluka

Linc to debt finance Gulf of Mexico acquisition

Linc Energy plans to take on more than $160 million of debt financing to fund the $US236 million ($220 million) acquisition of producing US oilfields.

Linc relies on debt for $220m US oil purchase

Updated | An opportunity to access immediate cash flow has prompted Linc Energy to drop its strategy of relying on equity-funded investments, with a plan to take on debt financing to fund a $US236 million ($220 million) acquisition of producing oil fields in the onshore Gulf of Mexico in the US.

Linc Energy plans North American acquisition

Australia's Linc Energy plans to announce the acquisition of a large oil producing asset in North America, the company said on Friday. Trading in the shares of Linc was halted pending the announcement.

Linc between carbon price and relocation

Ross Garnaut says the idea that some industries could relocate if Australia imposed a carbon price ahead of other nations is “exaggerated”. But for Linc Energy’s Peter Bond the cost of doing business in Australia is becoming a serious consideration.

No exception, Garnaut tells coal and gas

Professor Ross Garnaut has ridiculed calls by Australia’s coal and gas sectors for a phased approach to the federal government’s proposed carbon tax.

Indian magnate Adani to meet Bligh

The high-profile founder and chairman of Indian giant Adani Group, Gautam Adani, will meet Queensland Premier Anna Bligh today after he successfully bid for Abbot Point Coal Terminal.

$A sets for move on $US1.10, Wall St ends higher

Before the Bell – The $A is poised to push towards $US1.10 as the $US slides ■ SPI up 9 pts ■ Dow up 0.6pc ■ Macquarie meets expectations ■ Shareholders back Foster’s demerger ■ Broker Watch: Westpac, Bank of Queensland, Computershare

Adani in the box seat for Abbot Point

The sale of the Abbot Point coal port in north Queensland is expected to be finalised within a week, putting an end to Premier Anna Bligh’s unpopular privatisation program.

Linc wins two Cooper Basin licences

Linc Energy, through subsidiary SAPEX, was successful in bids for two new exploration licences in South Australia’s Cooper Basin.

Hancock in talks with Indians on coal

Indian infrastructure conglomerate GVK has confirmed it is in talks with Gina Rinehart’s Hancock Coal, after reports it may pay $US1.5 billion to buy two coal leases.

Elphinstone buys up big in Engenco

Tasmania’s richest man Dale Elphinstone led buying by directors in the past week.

Bond’s planetary buying spree

When it comes to trading in the shares of one’s company, most bosses don’t exactly shout from the rooftops when they execute a buy or sell order - particularly when they’re shelling out or receiving millions of dollars in the deal.

Anxiety for Aquarius, silver lining for Linc

Investors in Aquarius Platinum had more cause for concern after the Zimbabwe government’s recent statement giving mine operators 45 days to detail how they would sell off 51 per cent of their local assets to indigenous interests at the end of last week.

Equities drop on growth concerns

Before the Bell – New! Don’t miss the Financial Review’s new pre-open markets coverage – all you need to know about overnight trading and what’s in store for the local session ■ Dow down 1.9pc ■ Oil retreats as $US rises

India’s Adani joins the race for Abbot Point

With the deadline for final bids for the $1.5 billion Abbot Point coal terminal in mid-April, India’s Adani has become the latest to formally declare its interest.

Coal’s last frontier spurs rush for deals

Wheeling and dealing in Queensland’s mammoth Galilee Basin coal province, described as the coal sector’s last frontier, is running hot as mining baroness Gina Rinehart and coal explorer Bandanna Energy position themselves for billion-dollar deals.

RBS tips Linc to soar

The Royal Bank of Scotland has started coverage of underground gasification company Linc Energy with a “buy” recommendation and a target price of $3.25.

Carbon Energy to go ahead with UCG project

Carbon Energy will resume work on a 5 megawatt power project but under strict new environmental conditions after a ruling on Friday by the Queensland government.

Doggy paddle a soppy effort

The past 12 months have been fairly kind to Linc Energy chief executive Peter Bond.

Linc close to offloading Teresa to Asian interests

Underground gasification company Linc Energy is believed to be closing in on a deal to sell its Teresa coal project in Queensland for around $500 million.

Australia losing UCG lead: Cougar’s Walker

Australia is rapidly losing its lead in the global race to develop underground coal gasification technology that could help solve its rising supply deficit in liquid fuels, according to Len Walker, MD of Cougar Energy.

Cougar readies for fight on project ban

Embattled underground coal gasification (UCG) play Cougar Energy has declared itself prepared to go to court to fight the Queensland government’s ban on its flagship pilot project, which is threatening the future of the company.

Cougar mulls legal challenge to UCG ruling

Troubled underground coal gasification company Cougar Energy is considering mounting a legal challenge to the Queensland government’s ruling banning the restart of its flagship pilot plant.

Carbon Energy, Linc suffer from UCG uncertainty

The fallout from the Queensland government’s decision to ban the restart of Cougar Energy’s underground coal gasification trial has deepened as investors continued to sell off Carbon Energy and Linc Energy.

Ban may push Cougar under water

The future of underground coal gasification (UCG) company Cougar Energy is hanging in the balance after the Queensland government banned the restart of its flagship pilot project because of water contamination concerns.

Cougar stymied as Qld rules against UCG

Underground coal gasification company Cougar Energy has had its hopes of restarting its Queensland pilot project dashed after the state government refused to allow the venture to go ahead because of chemical contamination concerns.

Queensland puts stop to Cougar plan

Underground coal gasification play Cougar Energy is in dire straits thanks to the Queensland government, and the pain is extending to its peers.

Linc granted UCG licence in Alaska

Linc Energy will move into stage two of its plans for North America, after the company was granted 181,414 acres of underground coal gasification exploration licences in Alaska.

Linc Energy to continue contract with BP

Linc Energy will continue its agreement with BP Australia to take 14,000 barrels a day from Linc's proposed underground coal gasification facility in South Australia.

Linc Energy (LNC)

Shares in the energy development and research company have almost trebled since early July after a string of smart deals and investments.

Miners embrace innovative technology

Rising commodity prices and a scarcity of minerals could encourage mining companies to change the way they do business by embracing cutting edge technology.

Coal producer Bandanna targets growth in Galilee

Queensland coal producer and developer Bandanna Energy is hoping to jump on the back of advanced rail infrastructure proposals linking mammoth coal reserves in Queensland’s Galilee Basin with port facilities.

Mining the riches

Executive chairman and founder Kevin Maloney is about to be presented with a cheque for more than $300 million as Mac Services Group is set to be taken over by United States company Oil States International.

Miners lead the pack among small caps

A couple of exploratory miners delivered the best returns among small caps over the past month but contract wins also produced some strong performers in energy, industrials and health care.

Cougar Energy still under ban

The last Queensland company to return readings for cancer-causing agents from water testing is in its fourth month of waiting for the state government to lift its ban on operations, despite follow-up testing failing to detect the chemicals.

Adani takes rooms with a Brisbane view

Indian conglomerate Adani Enterprises has shown its bargaining power already in Australia, scooping up a very attractive leasing deal with landlord Brookfield in Brisbane’s golden triangle.

Linc Energy (LNC)

The energy development and research company has slipped from its highest price in more than a year, but the shares are still up more than 26 per cent in 2010.

AGM season promises exciting times

The upcoming season of annual general meetings is shaping up to be a relatively exciting period for small cap investors as a number of emerging themes are likely to feature prominently.

Rinehart seeks investors for $2bn coal sale

Australia’s richest woman, Gina Rinehart, is in late-stage negotiations to sell at least a partial stake in her Queensland coal business. The deal could be worth up to $2 billion.

Tax bad for coal-seam gas

The coal-seam gas industry says it could be at a disadvantage compared with conventional offshore oil and gas projects when the Gillard government’s policy transition group next meets to discuss the new minerals resource rent tax.

Companies briefs

Underground coal gasification company Linc Energy said it had signed a memorandum of understanding with European research centre Helmholtz Centre Potsdam GFZ German Research Centre for Geosciences that will see the German group study and develop carbon capture and storage solutions for Linc’s projects.

Linc enters MOU on carbon capture

Linc Energy has entered a MOU with a leading German carbon capture and storage research centre to develop and apply CCS technology to the company’s underground coal gasification operations.

The big question: 22.5 or 40 per cent

The Gillard government’s resource tax transition committee is yet to decide whether certain alternative coal technologies will be subject to the 22.5 per cent mining tax or the harsher 40 per cent petroleum tax.

Top execs make millions despite mediocre results

More Australian companies delivered pay rises and golden handshakes to senior executives even as some limp back to recovery, according to annual reports filed yesterday.

South Africa’s brainchild comes of age

Companies are betting tens of millions of dollars that technology to convert coal into petroleum can become a successful industry in Australia.

Linc splits proceeds with shareholders

Underground coal gasification company Linc Energy will return a portion of the proceeds from its recent $500 million asset sale to its shareholders, with the company yesterday declaring a special 10¢ per share dividend.

Miners hoard record amount of cash

BHP Billiton’s $42 billion bid for a Canadian potash company could open the way for a string of other sizable deals in the materials sector, as local miners are sitting on a huge amount of cash.

No concerns with Kogan creek water quality - Carbon

Comprehensive testing of the water quality at Kogan Creek, near Carbon Energy’s underground coal gasification plant in Queensland’s south west, has shown no signs of contamination.

Linc gets $500m in Galilee sale

Linc Energy says the transaction with Adani Mining for sale of the Galilee Tenement (EPC 1690) has been completed.

Linc Energy (LNC)

Linc Energy shares are up about 84 per cent in the past month, making it the best-performing stock in the S&P/ASX 200 Index.

GB Energy to refocus on oil and gas hopes

GB Energy looks to re-focus on oil and gas opportunities with the appointment of two senior executives.

Linc deal reveals India’s hunger

Adani Enterprises’ $3 billion acquisition of Linc Energy’s Queensland coal tenements in the Galillee Basin is a major investment by an Indian company in Australia and show’s India’s hunger for growth resources.

Shares higher on takeover talk

Australian shares were led higher by outperforming energy and resources sectors, while following a mild lead from the US. Rio Tinto’s result after the market closed points to a positive start on Friday.

Linc to get $3bn in coal sale

Linc Energy is set for an immediate injection of cash to help fund its core underground coal gasification business after inking a $3 billion deal with India’s Adani group for one of its Queensland coal licences.

Linc Energy trading halt pending asset sale

Trading in shares of Australia’s Linc Energy was halted on Tuesday pending announcement of what was expected to be the sale of a coal mine to India’s Adani Enterprises.

Traders make short work of poorer performers

There is a traditional way derivative traders behave during the company reporting season which is increasingly expected to be seen as this week progresses.

Mining sector regains more lost ground

July was a fortuitous month for resource stocks as the S&P/ASX Small Ordinaries Resource index advanced for the first time in two months.

Coal deal may warm Linc investors

Battle-weary Linc Energy shareholders may finally have something to cheer.

Linc Energy closes in on coal deals

Resources Daily | Linc Energy is believed to be in the final stages of a $1 billion-plus sale of a coal tenement in Queensland to India’s Adani, with a second separate deal only weeks behind.

Sources say Linc to sign asset deal with Adani Tuesday

Australia's Linc Energy has finalised a deal to sell a key coal asset to India's Adani Enterprises and a deal will be signed on Tuesday, newspapers reported on Monday.

Linc Energy poised to sell coal assets

Underground coal gas company Linc Energy says it has found buyers for three assets it has been seeking to divest.

Linc investors want money, not talk

Shares in Linc Energy have spiked 57 per cent over the past three weeks (but for the company’s long-suffering investors (how many times has chief executive Peter Bond talked up the sale of his coal tenaments), it’s a case of “show me the money.”

Linc Energy still in talks on coal tenements sales

Australia's Linc Energy reiterated on Thursday it has not finalised any material terms with any parties on the sale of non-core coal assets, in response to a query from the Australian bourse after a share price surge.

Woolworths disappoints, miners rally

Investors kept the focus local on Wednesday, as results from Woolworths proved contagious to the consumer staples sector and prevented the miners from steering the market higher.

Cougar says coal gas stink is all hot air

Australia’s underground coal gasification industry remains under a cloud despite new environmental tests that appear to have vindicated sector leader Cougar Energy.

Cougar disputes coal-gas pollution claim

Cougar Energyhas disputed water contamination claims made by the Queensland government relating to its underground coal gasification (UCG) project near Kingaroy, citing incorrect laboratory results.

Linc Energy (LNC)

Investors, who perhaps sense an end to the Queensland coal tenements sale process, have helped drive up Linc Energy’s stock by more than 25 per cent.

Company briefs

Billabong’s bid for Canadian surfwear chain West 49 has received a boost after Zumiez Inc pulled out of the running after failing to reach an agreement with West 49 on the terms of the due diligence process.

Linc in talks to sell Qld coal assets

Shares in Linc Energy Ltd soared after the clean coal technology company said it was in detailed talks with several parties interested in buying its non-core coal tenements in Queensland.

Company briefs

Centrex Metals has completed the financial close on its Bungalow magnetite joint venture with Baotou Iron & Steel Group. Centrex has transferred 10 per cent of the rights for the iron ore project and Baotou has transferred $8 million into the Bungalow joint venture.

Brief: Linc Energy

Linc Energy has started and comissioned its Underground Coal Gasification “oxygen injection” process at Chinchilla in Queensland.

Miners maintain the rage over new tax

Rio Tinto is reassessing all of its existing and planned Australian projects to determine whether they would still be profitable under the federal government’s proposed Resources Super Profit Tax.

World of woe weighs on miners

Global shocks have added to domestic uncertainty and sent the resources sector lower for the fourth straight session yesterday.

Linc Energy (LNC)

Linc Energy has dropped 18.5 per cent in three days this week, the worst-performing resource stock on the S&P/ASX 200 Index.

Linc’s underground appeal attracts brokers

There are few small-cap stocks that elicit more starkly contrasting emotions from experts than coal gas technology company Linc Energy.

Linc’s lips are sealed but little else

It has been five weeks since Linc Energy provided its last update on plans to sell its coal tenements for more than $1 billion, and some in the market are getting impatient.

Linc Energy (LNC)

Shares in coal-to-gas energy company Linc Energy are beginning to build up a head of steam, rising close to 20 per cent over the past four weeks.

Brief: Linc Energy

Linc Energy reports the construction of Chinchilla Underground Coal Gasification Generator 4 is complete and the generator is operational and producing synthesis gas (syngas).

Linc inks deal

Alternative energy company Linc Energy has signed an exclusive agreement with UK-based fuel cell technology company AFC Energy and its related company B9 Coal.

Brief: Linc Energy

Corporate news snapshot for Linc Energy

Linc Energy (LNC)

Shares in the coal explorer jumped by almost 13 per cent on Wednesday after it increased its estimate of coal tonnage at its Galilee tenement in Queensland.

Brief: Linc Energy

Corporate snapshot for Linc Energy

Linc finds coal in Galilee

Clean coal energy developer Linc Energy’s shares have shot to a three-week high after the company announced an initial resource of 7.8 billion tonnes of coal at its Galilee tenement in Queensland.

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