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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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Wednesday, 22 November 23
INDIA: GOVERNMENT PLANS 1.4 BILLION TONNE COAL OUTPUT BY 2027 - LIVEMINT
The Union coal ministry on Monday announced plans to increase India’s coal production to 1.404 billion tonne by 2027, with an eye to further ...
Wednesday, 22 November 23
OBLIGATION. INDONESIA AIMS TO START COLLECTING LEVIES FROM COAL MINERS IN JANUARY - REUTERS
Indonesia plans to start collecting levies from coal miners in January to be used to compensate miners who sell coal to the state utility at lower ...
Tuesday, 21 November 23
INDIAN COAL POWER PLANTS’ CAPACITY UTILISATION WILL IMPROVE TO 65% THIS FISCAL: - CRISIL
Coal-based thermal power units’ plant load factor (PLF) or capacity utilisation will improve to 65 percent in the current fiscal year despite ...
Tuesday, 14 November 23
CAPITAL PRODUCT PARTNERS L.P. ANNOUNCES TRANSFORMATIVE TRANSACTION INCLUDING THE ACQUISITION OF 11 NEWBUILD LNG CARRIERS FOR $3.1 BILLION
Capital Product Partners L.P. announced that it has entered into an umbrella agreement (the “Umbrella Agreement”) with Capital Maritime ...
Tuesday, 14 November 23
COAL INDIA BEATS Q2 PROFIT VIEW ON HIGH POWER DEMAND AMID WEAK MONSOON - REUTERS
Coal India on Friday reported better-than-expected second-quarter profit, helped by high power demand and boosted production amid a weak monsoon.
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- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Energy Exchange, India
- Formosa Plastics Group - Taiwan
- Billiton Holdings Pty Ltd - Australia
- CNBM International Corporation - China
- Xindia Steels Limited - India
- Aditya Birla Group - India
- Parry Sugars Refinery, India
- The University of Queensland
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Bulk Trading Sa - Switzerland
- SMC Global Power, Philippines
- Therma Luzon, Inc, Philippines
- Minerals Council of Australia
- PTC India Limited - India
- White Energy Company Limited
- Energy Development Corp, Philippines
- Intertek Mineral Services - Indonesia
- CIMB Investment Bank - Malaysia
- Kepco SPC Power Corporation, Philippines
- Agrawal Coal Company - India
- San Jose City I Power Corp, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Petrochimia International Co. Ltd.- Taiwan
- Ministry of Mines - Canada
- LBH Netherlands Bv - Netherlands
- Samtan Co., Ltd - South Korea
- Indian Oil Corporation Limited
- Banpu Public Company Limited - Thailand
- Mercator Lines Limited - India
- MS Steel International - UAE
- Coal and Oil Company - UAE
- Economic Council, Georgia
- Sree Jayajothi Cements Limited - India
- Jaiprakash Power Ventures ltd
- Aboitiz Power Corporation - Philippines
- Mjunction Services Limited - India
- Pendopo Energi Batubara - Indonesia
- Orica Mining Services - Indonesia
- International Coal Ventures Pvt Ltd - India
- London Commodity Brokers - England
- SMG Consultants - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Renaissance Capital - South Africa
- Altura Mining Limited, Indonesia
- Central Electricity Authority - India
- Energy Link Ltd, New Zealand
- Kaltim Prima Coal - Indonesia
- Kideco Jaya Agung - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Holcim Trading Pte Ltd - Singapore
- Wood Mackenzie - Singapore
- Sindya Power Generating Company Private Ltd
- Mercuria Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- McConnell Dowell - Australia
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Standard Chartered Bank - UAE
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- New Zealand Coal & Carbon
- Tamil Nadu electricity Board
- VISA Power Limited - India
- Goldman Sachs - Singapore
- Carbofer General Trading SA - India
- ASAPP Information Group - India
- Savvy Resources Ltd - HongKong
- Uttam Galva Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Petron Corporation, Philippines
- Bayan Resources Tbk. - Indonesia
- Bharathi Cement Corporation - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indonesian Coal Mining Association
- Coalindo Energy - Indonesia
- Oldendorff Carriers - Singapore
- Vedanta Resources Plc - India
- Directorate Of Revenue Intelligence - India
- Globalindo Alam Lestari - Indonesia
- Tata Chemicals Ltd - India
- GMR Energy Limited - India
- Madhucon Powers Ltd - India
- Coastal Gujarat Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Mintek Dendrill Indonesia
- Marubeni Corporation - India
- Iligan Light & Power Inc, Philippines
- Romanian Commodities Exchange
- Dalmia Cement Bharat India
- PNOC Exploration Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Independent Power Producers Association of India
- Ministry of Transport, Egypt
- Chamber of Mines of South Africa
- Riau Bara Harum - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Commonwealth Bank - Australia
- Ind-Barath Power Infra Limited - India
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Borneo Indobara - Indonesia
- Medco Energi Mining Internasional
- IEA Clean Coal Centre - UK
- Australian Commodity Traders Exchange
- Larsen & Toubro Limited - India
- Kapuas Tunggal Persada - Indonesia
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Kartika Selabumi Mining - Indonesia
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Deloitte Consulting - India
- Power Finance Corporation Ltd., India
- Manunggal Multi Energi - Indonesia
- Central Java Power - Indonesia
- Sojitz Corporation - Japan
- Cigading International Bulk Terminal - Indonesia
- Interocean Group of Companies - India
- Binh Thuan Hamico - Vietnam
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- Global Business Power Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Australian Coal Association
- Miang Besar Coal Terminal - Indonesia
- Attock Cement Pakistan Limited
- Wilmar Investment Holdings
- Sical Logistics Limited - India
- Indogreen Group - Indonesia
- Krishnapatnam Port Company Ltd. - India
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- Eastern Coal Council - USA
- Meralco Power Generation, Philippines
- Posco Energy - South Korea
- Siam City Cement PLC, Thailand
- Semirara Mining Corp, Philippines
- Antam Resourcindo - Indonesia
- Bhoruka Overseas - Indonesia
- Bangladesh Power Developement Board
- PowerSource Philippines DevCo
- Bhushan Steel Limited - India
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- South Luzon Thermal Energy Corporation
- Baramulti Group, Indonesia
- TeaM Sual Corporation - Philippines
- Port Waratah Coal Services - Australia
- Star Paper Mills Limited - India
- Sarangani Energy Corporation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Siam City Cement - Thailand
- Georgia Ports Authority, United States
- Kohat Cement Company Ltd. - Pakistan
- Trasteel International SA, Italy
- Toyota Tsusho Corporation, Japan
- Timah Investasi Mineral - Indoneisa
- Simpson Spence & Young - Indonesia
- Rio Tinto Coal - Australia
- Africa Commodities Group - South Africa
- Grasim Industreis Ltd - India
- Eastern Energy - Thailand
- Jindal Steel & Power Ltd - India
- IHS Mccloskey Coal Group - USA
- Indo Tambangraya Megah - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Malabar Cements Ltd - India
- Latin American Coal - Colombia
- Global Coal Blending Company Limited - Australia
- Global Green Power PLC Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Parliament of New Zealand
- GVK Power & Infra Limited - India
- Merrill Lynch Commodities Europe
- Videocon Industries ltd - India
- Kobexindo Tractors - Indoneisa
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- Ministry of Finance - Indonesia
- The Treasury - Australian Government
- Gujarat Sidhee Cement - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- India Bulls Power Limited - India
- Thai Mozambique Logistica
- Planning Commission, India
- Singapore Mercantile Exchange
- PetroVietnam Power Coal Import and Supply Company
- Rashtriya Ispat Nigam Limited - India
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- ICICI Bank Limited - India
- Chettinad Cement Corporation Ltd - India
- The State Trading Corporation of India Ltd
- Bukit Baiduri Energy - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Heidelberg Cement - Germany
- Essar Steel Hazira Ltd - India
- Karaikal Port Pvt Ltd - India
- European Bulk Services B.V. - Netherlands
- Indika Energy - Indonesia
- Ambuja Cements Ltd - India
- Straits Asia Resources Limited - Singapore
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