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Saturday, 06 August 22
SUMITOMO Q1 PROFIT RISES 45% ON STRONGER PRICES OF COAL, NICKEL - REUTERS
Japanese trading house Sumitomo Corp 8053.T said on Wednesday its net profit for the April-June quarter rose 45% to a record thanks to higher prices of commodities such as coal and nickel as well as strong demand for steel products in North America.
Net profit for the three months climbed to a record 155.2 billion yen ($1.2 billion) from 107.3 billion yen a year earlier, but the company stuck to its annual profit forecast of 370 billion yen.
“Earnings from both resource and non-resource businesses have been stronger than anticipated earlier,” Sumitomo Chief Financial Officer Reiji Morooka told a news conference, adding that it may raise its profit guidance.
“On the other hand, the risk of a global economic slowdown and other uncertainties are increasing, and we will closely examine full-year forecasts going forward,” he said.
Sumitomo expects nickel production at its Ambatovy project in Madagascar to achieve its initial target of about 40,000 tonnes this financial year to March 31, after producing about 8,000 tonnes in the first quarter.
Increased oil and gas drilling activities in North America have also supported its steel pipe business in the April-June quarter and the company sees robust demand in pipes continuing through next March, Morooka said.
Asked whether Sumitomo expects any change in its business strategy in China amid rising tensions between China and Taiwan as well as China and the United States following U.S. House Speaker Nancy Pelosi’s visit to Taiwan, Morooka said no change is planned.
“It has become a major issue for us to think of how to deal with the heightened geopolitical risks triggered by not only the U.S.-China issue but also the Russia-Ukraine conflict,” Morooka said.
“We will pay close attention to the (U.S.-China) situation with high interest,” he said.
Source: Reuters
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Sunday, 21 August 22
COAL-RICH POLAND FACES WINTER OF ENERGY DISCONTENT - DW
Poland uses 10 million tons of coal a year to heat households — a whopping 87% of all coal consumed in EU homes in 2019, according to the War ...
Saturday, 20 August 22
KOSPO TO IMPORT 240000 MT OF MIN 4400 KCAL/KG NCV STEAM COAL FOR OCTOBER;LOADING FROM RUSSIAN PORTS NOT ALLOWED
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an International tender for 240,000 MT of min 4,400kcal/kg to max. 4,999 kcal/kg NC ...
Wednesday, 17 August 22
INDIAN COMPANIES SWAPPING DOLLAR FOR ASIAN CURRENCIES TO BUY RUSSIAN COAL - REUTERS
Indian companies are using Asian currencies more often to pay for Russian coal imports, according to customs documents and industry sources, avoidi ...
Wednesday, 17 August 22
LNG: MAJOR INVESTMENT AND EXPANSION PHASE, DOUBLING OF LIQUEFACTION CAPACITY BY 2028 PROJECTED - CLARKSONS
Clarksons Research have released the latest version of their long standing annual review, LNG Trade & Transport, on to Shipping Intelligence Ne ...
Wednesday, 17 August 22
UNAFFORDABLE LNG PRICES UNDERMINE RAPID DEMAND GROWTH FORECASTS IN KEY ASIAN MARKETS - IEEFA
Sustained high prices may accelerate downward pressures on Asian LNG demand, clouding long-term industry outlooks
The global liquefi ...
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- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Indika Energy - Indonesia
- SMC Global Power, Philippines
- Chamber of Mines of South Africa
- Bayan Resources Tbk. - Indonesia
- Videocon Industries ltd - India
- Posco Energy - South Korea
- Lanco Infratech Ltd - India
- Wood Mackenzie - Singapore
- Attock Cement Pakistan Limited
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- Tata Chemicals Ltd - India
- Jaiprakash Power Ventures ltd
- Baramulti Group, Indonesia
- Power Finance Corporation Ltd., India
- Dalmia Cement Bharat India
- TeaM Sual Corporation - Philippines
- LBH Netherlands Bv - Netherlands
- Directorate General of MIneral and Coal - Indonesia
- Sree Jayajothi Cements Limited - India
- Xindia Steels Limited - India
- AsiaOL BioFuels Corp., Philippines
- Africa Commodities Group - South Africa
- Bhushan Steel Limited - India
- Economic Council, Georgia
- White Energy Company Limited
- Medco Energi Mining Internasional
- Petrochimia International Co. Ltd.- Taiwan
- Kapuas Tunggal Persada - Indonesia
- Parliament of New Zealand
- Deloitte Consulting - India
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Minerals Council of Australia
- Bulk Trading Sa - Switzerland
- Alfred C Toepfer International GmbH - Germany
- Bukit Baiduri Energy - Indonesia
- Marubeni Corporation - India
- Semirara Mining and Power Corporation, Philippines
- Manunggal Multi Energi - Indonesia
- SMG Consultants - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Gujarat Sidhee Cement - India
- Bangladesh Power Developement Board
- Sinarmas Energy and Mining - Indonesia
- Singapore Mercantile Exchange
- New Zealand Coal & Carbon
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- Kideco Jaya Agung - Indonesia
- Ministry of Mines - Canada
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Price Waterhouse Coopers - Russia
- Aboitiz Power Corporation - Philippines
- Samtan Co., Ltd - South Korea
- Parry Sugars Refinery, India
- Metalloyd Limited - United Kingdom
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Carbofer General Trading SA - India
- Madhucon Powers Ltd - India
- The Treasury - Australian Government
- Antam Resourcindo - Indonesia
- Formosa Plastics Group - Taiwan
- Banpu Public Company Limited - Thailand
- TNB Fuel Sdn Bhd - Malaysia
- Kobexindo Tractors - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Mercuria Energy - Indonesia
- Coalindo Energy - Indonesia
- Goldman Sachs - Singapore
- Maheswari Brothers Coal Limited - India
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Makarim & Taira - Indonesia
- Bhoruka Overseas - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Electricity Authority, New Zealand
- Indian Energy Exchange, India
- Ministry of Finance - Indonesia
- Barasentosa Lestari - Indonesia
- Central Electricity Authority - India
- Uttam Galva Steels Limited - India
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
- Thiess Contractors Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Heidelberg Cement - Germany
- Salva Resources Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Orica Australia Pty. Ltd.
- Vedanta Resources Plc - India
- Thai Mozambique Logistica
- Siam City Cement PLC, Thailand
- Wilmar Investment Holdings
- Energy Link Ltd, New Zealand
- Global Green Power PLC Corporation, Philippines
- European Bulk Services B.V. - Netherlands
- Bank of Tokyo Mitsubishi UFJ Ltd
- Interocean Group of Companies - India
- PowerSource Philippines DevCo
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Meralco Power Generation, Philippines
- Intertek Mineral Services - Indonesia
- Therma Luzon, Inc, Philippines
- Aditya Birla Group - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Chettinad Cement Corporation Ltd - India
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Oldendorff Carriers - Singapore
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- McConnell Dowell - Australia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Holcim Trading Pte Ltd - Singapore
- The University of Queensland
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- ASAPP Information Group - India
- Toyota Tsusho Corporation, Japan
- Binh Thuan Hamico - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- Bharathi Cement Corporation - India
- Standard Chartered Bank - UAE
- OPG Power Generation Pvt Ltd - India
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- Altura Mining Limited, Indonesia
- Sical Logistics Limited - India
- Iligan Light & Power Inc, Philippines
- Central Java Power - Indonesia
- ICICI Bank Limited - India
- Global Business Power Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Ambuja Cements Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- The State Trading Corporation of India Ltd
- IHS Mccloskey Coal Group - USA
- Petron Corporation, Philippines
- Mjunction Services Limited - India
- Indo Tambangraya Megah - Indonesia
- Trasteel International SA, Italy
- Rio Tinto Coal - Australia
- Malabar Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- Indian Oil Corporation Limited
- VISA Power Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Coastal Gujarat Power Limited - India
- Ind-Barath Power Infra Limited - India
- PNOC Exploration Corporation - Philippines
- Larsen & Toubro Limited - India
- Planning Commission, India
- Karaikal Port Pvt Ltd - India
- Energy Development Corp, Philippines
- Leighton Contractors Pty Ltd - Australia
- San Jose City I Power Corp, Philippines
- Grasim Industreis Ltd - India
- Global Coal Blending Company Limited - Australia
- Sindya Power Generating Company Private Ltd
- Ceylon Electricity Board - Sri Lanka
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Pendopo Energi Batubara - Indonesia
- Billiton Holdings Pty Ltd - Australia
- India Bulls Power Limited - India
- Vizag Seaport Private Limited - India
- CIMB Investment Bank - Malaysia
- Mintek Dendrill Indonesia
- Rashtriya Ispat Nigam Limited - India
- Independent Power Producers Association of India
- Cigading International Bulk Terminal - Indonesia
- Timah Investasi Mineral - Indoneisa
- SN Aboitiz Power Inc, Philippines
- Electricity Generating Authority of Thailand
- Krishnapatnam Port Company Ltd. - India
- Kaltim Prima Coal - Indonesia
- Edison Trading Spa - Italy
- Sarangani Energy Corporation, Philippines
- GMR Energy Limited - India
- Port Waratah Coal Services - Australia
- CNBM International Corporation - China
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- Straits Asia Resources Limited - Singapore
- Star Paper Mills Limited - India
- Tamil Nadu electricity Board
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- PetroVietnam Power Coal Import and Supply Company
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Miang Besar Coal Terminal - Indonesia
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
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