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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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Monday, 06 December 21
CHINA SETS 2022 ANNUAL THERMAL COAL PRICES AT 700 YUAN/T - MEDIA: REUTERS
China’s top economic planner has proposed to set annual thermal coal prices for 2022 at between 550 yuan and 850 yuan ($86-$133) per tonne, a ...
Thursday, 02 December 21
BUMI RECORDED US$ 666.18 MILLION AS REVENUE IN THE 3RD QUARTER, UP 13.31% YOY
PT Bumi Resources Tbk and its subsidiaries have recorded a surge in revenue in the third quarter of 2021. BUMI has recorded US$ 666.18 million as r ...
Thursday, 02 December 21
CHINA'S COAL CRUNCH IS OVER, BUT PRICES ARE STILL TOO HIGH - REUTERS
China’s coal crisis has largely been resolved with gains in both production and stockpiles sufficient to ensure power supplies over winter.
...
Wednesday, 01 December 21
2022 OUTLOOK: INDONESIAN COAL MINING - FITCH RATINGS
Fitch Ratings has a neutral outlook on the Indonesian coal sector for 2022.
Earnings generation should slow down as selling pr ...
Wednesday, 01 December 21
SUPPLY OF COAL TO POWER PLANTS IN NOV MORE THAN CONSUMPTION: JOSHI - PTI
The supply of coal to power plants in November is more than the consumption, resulting in rise in stock of dry fuel at power plants, and this trend ...
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- Kepco SPC Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Antam Resourcindo - Indonesia
- Ind-Barath Power Infra Limited - India
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- Maharashtra Electricity Regulatory Commission - India
- Power Finance Corporation Ltd., India
- Metalloyd Limited - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement - Thailand
- Sakthi Sugars Limited - India
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Xindia Steels Limited - India
- Energy Link Ltd, New Zealand
- Toyota Tsusho Corporation, Japan
- Romanian Commodities Exchange
- Carbofer General Trading SA - India
- CNBM International Corporation - China
- London Commodity Brokers - England
- Bukit Baiduri Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- Independent Power Producers Association of India
- Ministry of Mines - Canada
- Electricity Generating Authority of Thailand
- Tamil Nadu electricity Board
- Commonwealth Bank - Australia
- TeaM Sual Corporation - Philippines
- The State Trading Corporation of India Ltd
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bangladesh Power Developement Board
- Asmin Koalindo Tuhup - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Pendopo Energi Batubara - Indonesia
- Global Business Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Bank of Tokyo Mitsubishi UFJ Ltd
- Orica Mining Services - Indonesia
- VISA Power Limited - India
- Bhushan Steel Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Kapuas Tunggal Persada - Indonesia
- Bukit Makmur.PT - Indonesia
- Mercuria Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Binh Thuan Hamico - Vietnam
- Barasentosa Lestari - Indonesia
- Grasim Industreis Ltd - India
- Africa Commodities Group - South Africa
- India Bulls Power Limited - India
- Madhucon Powers Ltd - India
- Timah Investasi Mineral - Indoneisa
- Globalindo Alam Lestari - Indonesia
- GVK Power & Infra Limited - India
- White Energy Company Limited
- Malabar Cements Ltd - India
- Baramulti Group, Indonesia
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Tata Chemicals Ltd - India
- Posco Energy - South Korea
- Australian Commodity Traders Exchange
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- Indika Energy - Indonesia
- GMR Energy Limited - India
- Samtan Co., Ltd - South Korea
- Semirara Mining and Power Corporation, Philippines
- Indian Oil Corporation Limited
- Videocon Industries ltd - India
- Heidelberg Cement - Germany
- Holcim Trading Pte Ltd - Singapore
- CIMB Investment Bank - Malaysia
- Karaikal Port Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- PetroVietnam Power Coal Import and Supply Company
- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- Larsen & Toubro Limited - India
- Meralco Power Generation, Philippines
- Thiess Contractors Indonesia
- PowerSource Philippines DevCo
- Latin American Coal - Colombia
- Bhatia International Limited - India
- Ceylon Electricity Board - Sri Lanka
- Indo Tambangraya Megah - Indonesia
- Makarim & Taira - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Global Green Power PLC Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Wilmar Investment Holdings
- Renaissance Capital - South Africa
- Coalindo Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Bulk Trading Sa - Switzerland
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- ASAPP Information Group - India
- Bahari Cakrawala Sebuku - Indonesia
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Port Waratah Coal Services - Australia
- Uttam Galva Steels Limited - India
- Semirara Mining Corp, Philippines
- SN Aboitiz Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Petron Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Meenaskhi Energy Private Limited - India
- Rio Tinto Coal - Australia
- Kohat Cement Company Ltd. - Pakistan
- Deloitte Consulting - India
- Trasteel International SA, Italy
- Planning Commission, India
- ICICI Bank Limited - India
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Jindal Steel & Power Ltd - India
- IEA Clean Coal Centre - UK
- Eastern Energy - Thailand
- Parliament of New Zealand
- Sinarmas Energy and Mining - Indonesia
- OPG Power Generation Pvt Ltd - India
- Minerals Council of Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- PNOC Exploration Corporation - Philippines
- Singapore Mercantile Exchange
- Kartika Selabumi Mining - Indonesia
- San Jose City I Power Corp, Philippines
- The University of Queensland
- Australian Coal Association
- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Central Java Power - Indonesia
- Straits Asia Resources Limited - Singapore
- Kobexindo Tractors - Indoneisa
- Directorate Of Revenue Intelligence - India
- Standard Chartered Bank - UAE
- Iligan Light & Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- GN Power Mariveles Coal Plant, Philippines
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- Central Electricity Authority - India
- Krishnapatnam Port Company Ltd. - India
- Edison Trading Spa - Italy
- Sical Logistics Limited - India
- Intertek Mineral Services - Indonesia
- Vedanta Resources Plc - India
- Dalmia Cement Bharat India
- Therma Luzon, Inc, Philippines
- Orica Australia Pty. Ltd.
- Star Paper Mills Limited - India
- Economic Council, Georgia
- Jorong Barutama Greston.PT - Indonesia
- South Luzon Thermal Energy Corporation
- Indogreen Group - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Chamber of Mines of South Africa
- GAC Shipping (India) Pvt Ltd
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- New Zealand Coal & Carbon
- MS Steel International - UAE
- Thai Mozambique Logistica
- Goldman Sachs - Singapore
- Global Coal Blending Company Limited - Australia
- SMC Global Power, Philippines
- Savvy Resources Ltd - HongKong
- Vijayanagar Sugar Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Mintek Dendrill Indonesia
- Parry Sugars Refinery, India
- Gujarat Sidhee Cement - India
- Neyveli Lignite Corporation Ltd, - India
- Karbindo Abesyapradhi - Indoneisa
- Energy Development Corp, Philippines
- IHS Mccloskey Coal Group - USA
- Billiton Holdings Pty Ltd - Australia
- Siam City Cement PLC, Thailand
- Kumho Petrochemical, South Korea
- Medco Energi Mining Internasional
- Agrawal Coal Company - India
- Bayan Resources Tbk. - Indonesia
- Kaltim Prima Coal - Indonesia
- Manunggal Multi Energi - Indonesia
- Electricity Authority, New Zealand
- Aboitiz Power Corporation - Philippines
- Coal and Oil Company - UAE
- McConnell Dowell - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Interocean Group of Companies - India
- Attock Cement Pakistan Limited
- Ambuja Cements Ltd - India
- Anglo American - United Kingdom
- Merrill Lynch Commodities Europe
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