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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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Friday, 01 December 23
COAL MINERS GROUP EXPECTS INDONESIA’S 2023 COAL OUTPUT TO SURPASS TARGET - REUTERS
The Indonesian Coal Mining Association (ICMA) expects the country’s 2023 coal output to surpass the official target of 695 million metric ton ...
Friday, 24 November 23
COAL IMPORTS TO INDIA IN OCTOBER 2023 REACHED HIGHEST LEVELS IN NEARLY A YEAR AND A HALF - VESSELSVALUE, VESON NAUTICAL
In October, coal imports to India reached 13.8 mt in October 2023, according to Oceanbolt, a Veson Nautical solution, the highest level since May 2 ...
Friday, 24 November 23
COAL SHIPMENTS TO ADVANCED ECONOMIES DOWN 17% SO FAR IN 2023 - BIMCO
In the first ten months of 2023, coal shipments to advanced economies fell by 17% y/y, as demand for electricity declined and the share of electric ...
Friday, 24 November 23
INTELLIGENT COAL MINES CONTRIBUTE TO IMPROVING SAFETY STANDARDS - CHINA DAILY
Mechanization, automation and intelligent upgrades have contributed to improved safety in coal mines, though the level of development of intelligen ...
Friday, 24 November 23
WHY AUSTRALIA'S COAL MINES ARE GETTING BIGGER - IEEFA
Australia’s largest coal mines are getting larger. Mines in New South Wales (NSW) are ramping up production following the state’s recov ...
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- Binh Thuan Hamico - Vietnam
- Indo Tambangraya Megah - Indonesia
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Salva Resources Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- Independent Power Producers Association of India
- Chamber of Mines of South Africa
- Orica Mining Services - Indonesia
- Directorate Of Revenue Intelligence - India
- SMG Consultants - Indonesia
- Manunggal Multi Energi - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- Siam City Cement PLC, Thailand
- Essar Steel Hazira Ltd - India
- Chettinad Cement Corporation Ltd - India
- ICICI Bank Limited - India
- Billiton Holdings Pty Ltd - Australia
- Petrochimia International Co. Ltd.- Taiwan
- CNBM International Corporation - China
- Thai Mozambique Logistica
- Australian Coal Association
- Lanco Infratech Ltd - India
- Bhoruka Overseas - Indonesia
- Interocean Group of Companies - India
- Posco Energy - South Korea
- Eastern Coal Council - USA
- Miang Besar Coal Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- LBH Netherlands Bv - Netherlands
- India Bulls Power Limited - India
- Goldman Sachs - Singapore
- Indika Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- Ambuja Cements Ltd - India
- Marubeni Corporation - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wilmar Investment Holdings
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- Central Electricity Authority - India
- Sindya Power Generating Company Private Ltd
- Jaiprakash Power Ventures ltd
- Maheswari Brothers Coal Limited - India
- Ind-Barath Power Infra Limited - India
- Kapuas Tunggal Persada - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Riau Bara Harum - Indonesia
- White Energy Company Limited
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Orica Australia Pty. Ltd.
- Makarim & Taira - Indonesia
- Ministry of Transport, Egypt
- Aboitiz Power Corporation - Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Barasentosa Lestari - Indonesia
- Medco Energi Mining Internasional
- Indonesian Coal Mining Association
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Meenaskhi Energy Private Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Mines - Canada
- Oldendorff Carriers - Singapore
- McConnell Dowell - Australia
- Toyota Tsusho Corporation, Japan
- Meralco Power Generation, Philippines
- Bharathi Cement Corporation - India
- Merrill Lynch Commodities Europe
- Minerals Council of Australia
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Banpu Public Company Limited - Thailand
- Videocon Industries ltd - India
- Pendopo Energi Batubara - Indonesia
- Bukit Makmur.PT - Indonesia
- Borneo Indobara - Indonesia
- Trasteel International SA, Italy
- Electricity Generating Authority of Thailand
- SN Aboitiz Power Inc, Philippines
- Heidelberg Cement - Germany
- TNB Fuel Sdn Bhd - Malaysia
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Romanian Commodities Exchange
- Price Waterhouse Coopers - Russia
- Grasim Industreis Ltd - India
- Indogreen Group - Indonesia
- Kideco Jaya Agung - Indonesia
- Iligan Light & Power Inc, Philippines
- Kartika Selabumi Mining - Indonesia
- Bulk Trading Sa - Switzerland
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Eastern Energy - Thailand
- Coastal Gujarat Power Limited - India
- Kumho Petrochemical, South Korea
- Gujarat Sidhee Cement - India
- Energy Development Corp, Philippines
- Deloitte Consulting - India
- Commonwealth Bank - Australia
- Ceylon Electricity Board - Sri Lanka
- Mjunction Services Limited - India
- Jorong Barutama Greston.PT - Indonesia
- GAC Shipping (India) Pvt Ltd
- The University of Queensland
- San Jose City I Power Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Bangladesh Power Developement Board
- Economic Council, Georgia
- PNOC Exploration Corporation - Philippines
- Mercuria Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Karaikal Port Pvt Ltd - India
- Tamil Nadu electricity Board
- Simpson Spence & Young - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Krishnapatnam Port Company Ltd. - India
- South Luzon Thermal Energy Corporation
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Madhucon Powers Ltd - India
- The State Trading Corporation of India Ltd
- Anglo American - United Kingdom
- Kobexindo Tractors - Indoneisa
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- Intertek Mineral Services - Indonesia
- ASAPP Information Group - India
- Parliament of New Zealand
- Larsen & Toubro Limited - India
- Globalindo Alam Lestari - Indonesia
- GMR Energy Limited - India
- Antam Resourcindo - Indonesia
- Vedanta Resources Plc - India
- Xindia Steels Limited - India
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Malabar Cements Ltd - India
- Thiess Contractors Indonesia
- Semirara Mining Corp, Philippines
- Sree Jayajothi Cements Limited - India
- Singapore Mercantile Exchange
- Holcim Trading Pte Ltd - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Carbofer General Trading SA - India
- PTC India Limited - India
- Rashtriya Ispat Nigam Limited - India
- CIMB Investment Bank - Malaysia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Attock Cement Pakistan Limited
- IEA Clean Coal Centre - UK
- Gujarat Mineral Development Corp Ltd - India
- Coal and Oil Company - UAE
- Wood Mackenzie - Singapore
- Aditya Birla Group - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- International Coal Ventures Pvt Ltd - India
- Kepco SPC Power Corporation, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Standard Chartered Bank - UAE
- The Treasury - Australian Government
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- Sinarmas Energy and Mining - Indonesia
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- VISA Power Limited - India
- Global Coal Blending Company Limited - Australia
- Samtan Co., Ltd - South Korea
- OPG Power Generation Pvt Ltd - India
- Africa Commodities Group - South Africa
- Tata Chemicals Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Savvy Resources Ltd - HongKong
- Star Paper Mills Limited - India
- Indian Energy Exchange, India
- Australian Commodity Traders Exchange
- Jindal Steel & Power Ltd - India
- Global Business Power Corporation, Philippines
- MS Steel International - UAE
- London Commodity Brokers - England
- Mintek Dendrill Indonesia
- Alfred C Toepfer International GmbH - Germany
- Indian Oil Corporation Limited
- Coalindo Energy - Indonesia
- GVK Power & Infra Limited - India
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sakthi Sugars Limited - India
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- PowerSource Philippines DevCo
- European Bulk Services B.V. - Netherlands
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