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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, 31 October 22
U.S. COAL-FIRED GENERATION DECLINING AFTER BRIEF RISE LAST YEAR - EIA
We expect 6% less U.S. coal-fired generation in 2022 than in 2021, according to our latest Short-Term Energy Outlook (STEO). Although coal-fired ge ...
Monday, 31 October 22
CHINA COAL OUTPUT UP 12.3 PCT IN SEPTEMBER - XINHUA
China’s raw coal output posted stable expansion in September, official data showed.
The country produced 390 million tonnes of ...
Wednesday, 26 October 22
BIMCO PUBLISHES UPDATED GENCON CONTRACT
BIMCO has published a revised and updated version GENCON 2022 – one of its flagship contracts within its portfolio of standard contracts for ...
Monday, 24 October 22
KOSPO TO INVITE 400,000 MT OF COAL FOR 3 YEARS
COALspot.com: Korea Southern Power Co., Ltd. (KOSPO) has issued an international tender for 400,000 MT of 3,800 - 4,400kcal/kg NCV and Sulfur Max 0 ...
Wednesday, 19 October 22
ASIA COULD BE A BRIGHT SPOT AMID GLOBAL DOWNTURN NEXT YEAR, ECONOMISTS SAY - CNBC
Asia — especially Southeast Asia — remains a bright spot, even as the global economy looks set to head into recession next year, econom ...
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- Petrochimia International Co. Ltd.- Taiwan
- Planning Commission, India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Generating Authority of Thailand
- The University of Queensland
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
- Global Coal Blending Company Limited - Australia
- LBH Netherlands Bv - Netherlands
- Xindia Steels Limited - India
- San Jose City I Power Corp, Philippines
- Power Finance Corporation Ltd., India
- GMR Energy Limited - India
- European Bulk Services B.V. - Netherlands
- Merrill Lynch Commodities Europe
- Directorate Of Revenue Intelligence - India
- Agrawal Coal Company - India
- McConnell Dowell - Australia
- Lanco Infratech Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Latin American Coal - Colombia
- Kalimantan Lumbung Energi - Indonesia
- Grasim Industreis Ltd - India
- CIMB Investment Bank - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- London Commodity Brokers - England
- Carbofer General Trading SA - India
- Rio Tinto Coal - Australia
- Energy Development Corp, Philippines
- Kaltim Prima Coal - Indonesia
- Electricity Authority, New Zealand
- Aboitiz Power Corporation - Philippines
- Economic Council, Georgia
- Sinarmas Energy and Mining - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Samtan Co., Ltd - South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Ministry of Mines - Canada
- Orica Australia Pty. Ltd.
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- Leighton Contractors Pty Ltd - Australia
- Siam City Cement - Thailand
- Trasteel International SA, Italy
- Dalmia Cement Bharat India
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Coastal Gujarat Power Limited - India
- Salva Resources Pvt Ltd - India
- Parry Sugars Refinery, India
- OPG Power Generation Pvt Ltd - India
- Thiess Contractors Indonesia
- Vizag Seaport Private Limited - India
- International Coal Ventures Pvt Ltd - India
- Deloitte Consulting - India
- Madhucon Powers Ltd - India
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- Barasentosa Lestari - Indonesia
- Orica Mining Services - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Vedanta Resources Plc - India
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- Timah Investasi Mineral - Indoneisa
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Maheswari Brothers Coal Limited - India
- The Treasury - Australian Government
- Parliament of New Zealand
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Global Business Power Corporation, Philippines
- Semirara Mining Corp, Philippines
- Holcim Trading Pte Ltd - Singapore
- Star Paper Mills Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Oldendorff Carriers - Singapore
- SMG Consultants - Indonesia
- Mjunction Services Limited - India
- Borneo Indobara - Indonesia
- Essar Steel Hazira Ltd - India
- Savvy Resources Ltd - HongKong
- Eastern Coal Council - USA
- Edison Trading Spa - Italy
- Ministry of Finance - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Singapore Mercantile Exchange
- Iligan Light & Power Inc, Philippines
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Energy Link Ltd, New Zealand
- Bhatia International Limited - India
- Ministry of Transport, Egypt
- Siam City Cement PLC, Thailand
- Wood Mackenzie - Singapore
- Gujarat Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- PowerSource Philippines DevCo
- Videocon Industries ltd - India
- Africa Commodities Group - South Africa
- Sarangani Energy Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Sree Jayajothi Cements Limited - India
- South Luzon Thermal Energy Corporation
- Meenaskhi Energy Private Limited - India
- Anglo American - United Kingdom
- Romanian Commodities Exchange
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- VISA Power Limited - India
- PTC India Limited - India
- Thai Mozambique Logistica
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- Chamber of Mines of South Africa
- Offshore Bulk Terminal Pte Ltd, Singapore
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- Sindya Power Generating Company Private Ltd
- MS Steel International - UAE
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- Kapuas Tunggal Persada - Indonesia
- Minerals Council of Australia
- Heidelberg Cement - Germany
- GVK Power & Infra Limited - India
- Ind-Barath Power Infra Limited - India
- GAC Shipping (India) Pvt Ltd
- Bangladesh Power Developement Board
- Marubeni Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Metalloyd Limited - United Kingdom
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- Goldman Sachs - Singapore
- Krishnapatnam Port Company Ltd. - India
- Price Waterhouse Coopers - Russia
- Ceylon Electricity Board - Sri Lanka
- Cement Manufacturers Association - India
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Larsen & Toubro Limited - India
- Therma Luzon, Inc, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Bukit Baiduri Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Australian Commodity Traders Exchange
- Standard Chartered Bank - UAE
- Uttam Galva Steels Limited - India
- PNOC Exploration Corporation - Philippines
- ASAPP Information Group - India
- CNBM International Corporation - China
- Indian Energy Exchange, India
- IHS Mccloskey Coal Group - USA
- Tata Chemicals Ltd - India
- Indian Oil Corporation Limited
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Indika Energy - Indonesia
- Baramulti Group, Indonesia
- Antam Resourcindo - Indonesia
- Indogreen Group - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Jindal Steel & Power Ltd - India
- Renaissance Capital - South Africa
- Mercuria Energy - Indonesia
- New Zealand Coal & Carbon
- Ambuja Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Bayan Resources Tbk. - Indonesia
- Independent Power Producers Association of India
- Petron Corporation, Philippines
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Bulk Trading Sa - Switzerland
- Kideco Jaya Agung - Indonesia
- Binh Thuan Hamico - Vietnam
- Aditya Birla Group - India
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Cigading International Bulk Terminal - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- Commonwealth Bank - Australia
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- Kepco SPC Power Corporation, Philippines
- Georgia Ports Authority, United States
- SMC Global Power, Philippines
- Medco Energi Mining Internasional
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- White Energy Company Limited
- Miang Besar Coal Terminal - Indonesia
- India Bulls Power Limited - India
- Jaiprakash Power Ventures ltd
- TeaM Sual Corporation - Philippines
- Gujarat Sidhee Cement - India
- Globalindo Alam Lestari - Indonesia
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