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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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Saturday, 09 October 21
CHINA POWER CUTS: COAL MINERS ORDERED TO BOOST OUTPUT, SAY REPORTS - BBC
Beijing has reportedly ordered China’s coal mines to boost output as an energy shortage across the country has seen millions of homes and bus ...
Friday, 08 October 21
SEPTEMBER CRUDE OIL TANKER DEMOLISHING HITS 39-MONTHS HIGH AT 1.9M DWT - PETER SAND
Has the lid finally come off for crude oil tanker demolition in 2021? If judged by the 1.9m DWT of capacity that was removed in September, the answ ...
Friday, 08 October 21
COAL SHORTAGE MAY LEAD TO RISE IN STEEL PRICES IN COMING MONTHS: JSPL MD - PTI
Steel prices are expected to increase in the coming months as companies are buying coal at three times the rates a month ago, said a top industry e ...
Wednesday, 06 October 21
INDONESIA COAL PRICE REFERENCE: ANOTHER MONTH, ANOTHER RALLY
COALspot.com: Indonesian Coal Price Reference in a steep climb for most of second and third quarters of 2021 as it reached a pinnacle of $161.63 Oc ...
Wednesday, 06 October 21
EUROPEAN COAL FUTURES CLIMB TO 13-YEAR PEAK - REUTERS
European coal futures rose to a 13-year high and physical thermal coal prices were at record highs as rallying gas prices and strong Asian demand f ...
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- Interocean Group of Companies - India
- Semirara Mining and Power Corporation, Philippines
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- Eastern Energy - Thailand
- Karbindo Abesyapradhi - Indoneisa
- Cement Manufacturers Association - India
- Larsen & Toubro Limited - India
- Kapuas Tunggal Persada - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Bukit Baiduri Energy - Indonesia
- OPG Power Generation Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Lanco Infratech Ltd - India
- Kideco Jaya Agung - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Uttam Galva Steels Limited - India
- Kobexindo Tractors - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Maheswari Brothers Coal Limited - India
- Tamil Nadu electricity Board
- Independent Power Producers Association of India
- Xindia Steels Limited - India
- Goldman Sachs - Singapore
- Parliament of New Zealand
- Carbofer General Trading SA - India
- Directorate General of MIneral and Coal - Indonesia
- Vedanta Resources Plc - India
- Salva Resources Pvt Ltd - India
- Malabar Cements Ltd - India
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Edison Trading Spa - Italy
- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- Renaissance Capital - South Africa
- GMR Energy Limited - India
- Bayan Resources Tbk. - Indonesia
- Romanian Commodities Exchange
- Therma Luzon, Inc, Philippines
- Samtan Co., Ltd - South Korea
- Toyota Tsusho Corporation, Japan
- Vizag Seaport Private Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Indika Energy - Indonesia
- Agrawal Coal Company - India
- Global Coal Blending Company Limited - Australia
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- Kepco SPC Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Bharathi Cement Corporation - India
- Africa Commodities Group - South Africa
- Orica Australia Pty. Ltd.
- Jaiprakash Power Ventures ltd
- Indonesian Coal Mining Association
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Neyveli Lignite Corporation Ltd, - India
- Global Green Power PLC Corporation, Philippines
- Sree Jayajothi Cements Limited - India
- Makarim & Taira - Indonesia
- Intertek Mineral Services - Indonesia
- Rio Tinto Coal - Australia
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Marubeni Corporation - India
- Oldendorff Carriers - Singapore
- White Energy Company Limited
- Singapore Mercantile Exchange
- Billiton Holdings Pty Ltd - Australia
- Star Paper Mills Limited - India
- Savvy Resources Ltd - HongKong
- Krishnapatnam Port Company Ltd. - India
- Australian Commodity Traders Exchange
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- Binh Thuan Hamico - Vietnam
- Videocon Industries ltd - India
- Antam Resourcindo - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- Sarangani Energy Corporation, Philippines
- The University of Queensland
- Thiess Contractors Indonesia
- Karaikal Port Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Ind-Barath Power Infra Limited - India
- PowerSource Philippines DevCo
- Price Waterhouse Coopers - Russia
- Meralco Power Generation, Philippines
- Chamber of Mines of South Africa
- VISA Power Limited - India
- Petron Corporation, Philippines
- Economic Council, Georgia
- Latin American Coal - Colombia
- Aboitiz Power Corporation - Philippines
- SMC Global Power, Philippines
- Indian Oil Corporation Limited
- Mercuria Energy - Indonesia
- Coastal Gujarat Power Limited - India
- IHS Mccloskey Coal Group - USA
- Ministry of Transport, Egypt
- GVK Power & Infra Limited - India
- The Treasury - Australian Government
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Chettinad Cement Corporation Ltd - India
- MS Steel International - UAE
- Trasteel International SA, Italy
- PNOC Exploration Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Gujarat Mineral Development Corp Ltd - India
- Bangladesh Power Developement Board
- Bhushan Steel Limited - India
- Sojitz Corporation - Japan
- Indogreen Group - Indonesia
- Kumho Petrochemical, South Korea
- Sindya Power Generating Company Private Ltd
- Cigading International Bulk Terminal - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- India Bulls Power Limited - India
- Minerals Council of Australia
- Australian Coal Association
- Standard Chartered Bank - UAE
- ASAPP Information Group - India
- Heidelberg Cement - Germany
- Mintek Dendrill Indonesia
- Dalmia Cement Bharat India
- Electricity Authority, New Zealand
- International Coal Ventures Pvt Ltd - India
- Ministry of Mines - Canada
- Bukit Makmur.PT - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Posco Energy - South Korea
- Bulk Trading Sa - Switzerland
- Banpu Public Company Limited - Thailand
- Manunggal Multi Energi - Indonesia
- Sical Logistics Limited - India
- Borneo Indobara - Indonesia
- GAC Shipping (India) Pvt Ltd
- Georgia Ports Authority, United States
- Parry Sugars Refinery, India
- Ministry of Finance - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- Simpson Spence & Young - Indonesia
- Pendopo Energi Batubara - Indonesia
- Directorate Of Revenue Intelligence - India
- Jindal Steel & Power Ltd - India
- TeaM Sual Corporation - Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- SMG Consultants - Indonesia
- Wood Mackenzie - Singapore
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Alfred C Toepfer International GmbH - Germany
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Barasentosa Lestari - Indonesia
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- CNBM International Corporation - China
- Siam City Cement - Thailand
- Essar Steel Hazira Ltd - India
- Metalloyd Limited - United Kingdom
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Attock Cement Pakistan Limited
- Altura Mining Limited, Indonesia
- Iligan Light & Power Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Madhucon Powers Ltd - India
- South Luzon Thermal Energy Corporation
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Kaltim Prima Coal - Indonesia
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Sidhee Cement - India
- Mercator Lines Limited - India
- SN Aboitiz Power Inc, Philippines
- LBH Netherlands Bv - Netherlands
- PTC India Limited - India
- Central Electricity Authority - India
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement PLC, Thailand
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- Eastern Coal Council - USA
- Grasim Industreis Ltd - India
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- Asmin Koalindo Tuhup - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Aditya Birla Group - India
- Formosa Plastics Group - Taiwan
- Bhoruka Overseas - Indonesia
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