We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
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
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 16 September 22
WHEN IS A VESSEL'S INCOME EARNING CAPACITY AT RISK? 'CONTROLLED INCOME CAN BE A KEY OF SUCCESS' - MARASCO MARINE
Managing marine risks is not an easy task, which requires special knowledge and expertise on the subject per se. Customarily, big ship management c ...
Friday, 16 September 22
DRY BULK MARKET: EU’S BAN ON RUSSIAN COAL LIFTS DEMAND DESPITE ECONOMIC HEADWINDS - BIMCO
Highlights
– The Baltic Exchange Dry Index (BDI) peaked in late May and has since fallen sharply as lower Chinese demand and adverse glob ...
Friday, 16 September 22
BIMCO EMBARKS ON NEW STANDARD FOR “QUIET ENJOYMENT”
KNOWLEDGE TO ELEVATE
A newly set-up BIMCO drafting team involving a cross-section of shipowners, charterers, financing and leasing i ...
Friday, 16 September 22
INDIAN COAL PRODUCTION TO RISE 150 PER CENT IN 10 YEARS: CENTRE - EXPRESS NEWS SERVICE
The Union Ministry of Mines is expecting 150 per cent growth in coal production 10 years down the line as a result of coal reforms that had been us ...
Thursday, 15 September 22
MARKET INSIGHT - INTERMODAL
While the Organization of Petroleum Exporting Countries and its allies agreed on a 100,000 b/d output cut last week, oil flows are in the spotlight ...
|
|
|
Showing 236 to 240 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- The Treasury - Australian Government
- Singapore Mercantile Exchange
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Port Waratah Coal Services - Australia
- Medco Energi Mining Internasional
- Barasentosa Lestari - Indonesia
- Parliament of New Zealand
- Jaiprakash Power Ventures ltd
- Kepco SPC Power Corporation, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Meenaskhi Energy Private Limited - India
- Kartika Selabumi Mining - Indonesia
- GAC Shipping (India) Pvt Ltd
- Lanco Infratech Ltd - India
- Gujarat Mineral Development Corp Ltd - India
- Tamil Nadu electricity Board
- Leighton Contractors Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Chettinad Cement Corporation Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Directorate Of Revenue Intelligence - India
- Aditya Birla Group - India
- Ministry of Transport, Egypt
- Ministry of Finance - Indonesia
- Intertek Mineral Services - Indonesia
- Banpu Public Company Limited - Thailand
- Central Java Power - Indonesia
- Latin American Coal - Colombia
- Petron Corporation, Philippines
- Planning Commission, India
- Gujarat Sidhee Cement - India
- Vedanta Resources Plc - India
- Australian Commodity Traders Exchange
- Mercuria Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Commonwealth Bank - Australia
- Gujarat Electricity Regulatory Commission - India
- Thai Mozambique Logistica
- Edison Trading Spa - Italy
- Madhucon Powers Ltd - India
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- Price Waterhouse Coopers - Russia
- Minerals Council of Australia
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- Baramulti Group, Indonesia
- European Bulk Services B.V. - Netherlands
- Mjunction Services Limited - India
- Xindia Steels Limited - India
- Bharathi Cement Corporation - India
- Global Coal Blending Company Limited - Australia
- Jindal Steel & Power Ltd - India
- Energy Development Corp, Philippines
- Siam City Cement - Thailand
- Riau Bara Harum - Indonesia
- The State Trading Corporation of India Ltd
- Sarangani Energy Corporation, Philippines
- McConnell Dowell - Australia
- Anglo American - United Kingdom
- Rashtriya Ispat Nigam Limited - India
- Vizag Seaport Private Limited - India
- Kaltim Prima Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Electricity Authority, New Zealand
- PNOC Exploration Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- IHS Mccloskey Coal Group - USA
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
- Binh Thuan Hamico - Vietnam
- Miang Besar Coal Terminal - Indonesia
- The University of Queensland
- Ambuja Cements Ltd - India
- Malabar Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Straits Asia Resources Limited - Singapore
- Kideco Jaya Agung - Indonesia
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- Bukit Asam (Persero) Tbk - Indonesia
- Georgia Ports Authority, United States
- Antam Resourcindo - Indonesia
- Parry Sugars Refinery, India
- Bangladesh Power Developement Board
- Rio Tinto Coal - Australia
- Timah Investasi Mineral - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Wilmar Investment Holdings
- ASAPP Information Group - India
- Altura Mining Limited, Indonesia
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- Power Finance Corporation Ltd., India
- Coal and Oil Company - UAE
- Bhoruka Overseas - Indonesia
- Makarim & Taira - Indonesia
- Independent Power Producers Association of India
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Posco Energy - South Korea
- TNB Fuel Sdn Bhd - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Sindya Power Generating Company Private Ltd
- TeaM Sual Corporation - Philippines
- Interocean Group of Companies - India
- Standard Chartered Bank - UAE
- India Bulls Power Limited - India
- MS Steel International - UAE
- Billiton Holdings Pty Ltd - Australia
- Indonesian Coal Mining Association
- Orica Australia Pty. Ltd.
- Savvy Resources Ltd - HongKong
- SMC Global Power, Philippines
- London Commodity Brokers - England
- Mintek Dendrill Indonesia
- Kumho Petrochemical, South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Indian Oil Corporation Limited
- Aboitiz Power Corporation - Philippines
- Electricity Generating Authority of Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- San Jose City I Power Corp, Philippines
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- CIMB Investment Bank - Malaysia
- Semirara Mining and Power Corporation, Philippines
- PowerSource Philippines DevCo
- Simpson Spence & Young - Indonesia
- VISA Power Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Carbofer General Trading SA - India
- Wood Mackenzie - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- ICICI Bank Limited - India
- Heidelberg Cement - Germany
- South Luzon Thermal Energy Corporation
- SN Aboitiz Power Inc, Philippines
- Indogreen Group - Indonesia
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- White Energy Company Limited
- Renaissance Capital - South Africa
- Australian Coal Association
- Neyveli Lignite Corporation Ltd, - India
- Mercator Lines Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Mines - Canada
- Sakthi Sugars Limited - India
- Dalmia Cement Bharat India
- Semirara Mining Corp, Philippines
- Sical Logistics Limited - India
- GMR Energy Limited - India
- Eastern Energy - Thailand
- Ind-Barath Power Infra Limited - India
- Romanian Commodities Exchange
- Kobexindo Tractors - Indoneisa
- Eastern Coal Council - USA
- Metalloyd Limited - United Kingdom
- GVK Power & Infra Limited - India
- Chamber of Mines of South Africa
- Grasim Industreis Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Sree Jayajothi Cements Limited - India
- Cigading International Bulk Terminal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indika Energy - Indonesia
- Coalindo Energy - Indonesia
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- Bayan Resources Tbk. - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sinarmas Energy and Mining - Indonesia
- New Zealand Coal & Carbon
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Bukit Makmur.PT - Indonesia
- Sojitz Corporation - Japan
- Indo Tambangraya Megah - Indonesia
- Tata Chemicals Ltd - India
- Deloitte Consulting - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Indian Energy Exchange, India
- Meralco Power Generation, Philippines
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- PetroVietnam Power Coal Import and Supply Company
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Cement Manufacturers Association - India
- Alfred C Toepfer International GmbH - Germany
- Petrochimia International Co. Ltd.- Taiwan
- Central Electricity Authority - India
- Bhushan Steel Limited - India
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Merrill Lynch Commodities Europe
- Globalindo Alam Lestari - Indonesia
- Toyota Tsusho Corporation, Japan
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Marubeni Corporation - India
- PTC India Limited - India
|
| |
| |
|
