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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 ($1.2 billion) from 107.3 billion yen a year earlier, but the company stuck to its annual profit forecast of 370 billion yen.
“Earnings from both resource and non-resource businesses have been stronger than anticipated earlier,” Sumitomo Chief Financial Officer Reiji Morooka told a news conference, adding that it may raise its profit guidance.
“On the other hand, the risk of a global economic slowdown and other uncertainties are increasing, and we will closely examine full-year forecasts going forward,” he said.
Sumitomo expects nickel production at its Ambatovy project in Madagascar to achieve its initial target of about 40,000 tonnes this financial year to March 31, after producing about 8,000 tonnes in the first quarter.
Increased oil and gas drilling activities in North America have also supported its steel pipe business in the April-June quarter and the company sees robust demand in pipes continuing through next March, Morooka said.
Asked whether Sumitomo expects any change in its business strategy in China amid rising tensions between China and Taiwan as well as China and the United States following U.S. House Speaker Nancy Pelosi’s visit to Taiwan, Morooka said no change is planned.
“It has become a major issue for us to think of how to deal with the heightened geopolitical risks triggered by not only the U.S.-China issue but also the Russia-Ukraine conflict,” Morooka said.
“We will pay close attention to the (U.S.-China) situation with high interest,” he said.
Source: Reuters
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Friday, 02 September 22
INDONESIA COAL PRICE REFERENCE SLIPS SLIGHTLY IN SEPTEMBER 2022
COALspot.com: Indonesian Coal Price Reference for September delivery drops 0.74 per cent month on month.
The Indonesian Coal Price R ...
Friday, 02 September 22
ABM INVESTAMA BUYS 30% GEMS SHARES FOR US$ 420 MILLION
PT ABM Investama Tbk through its indirect subsidiary, bought a 30% stake in the PT Golden Energy Mines Tbk for US$ 420 million or around Rp 6.2 tri ...
Wednesday, 31 August 22
MARKET INSIGHT - INTERMODAL
Scorching temperatures and extremely dry conditions during the Northern hemisphere summer have been drying crops. Yield prospects have subsided in ...
Tuesday, 23 August 22
HIGH COAL PRICES COULD BOOST INDONESIA'S ENERGY TRANSITION - IEEFA
Global coal prices have reached an all-time high as countries stop purchasing Russian coal amidst the Russia-Ukraine conflict. Indonesian coal comp ...
Tuesday, 23 August 22
A COMBINED US$6.8-BILLION CASH BALANCE OF INDONESIAN COAL COMPANIES COULD PROVIDE FOR TIMELY INVESTMENTS IN GREEN TRANSITION - IEEFA
A combined US$6.8-billion cash balance of Indonesian coal companies could provide for timely investments in green transition
The opp ...
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- Gujarat Mineral Development Corp Ltd - India
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- Indonesian Coal Mining Association
- Mintek Dendrill Indonesia
- Romanian Commodities Exchange
- Deloitte Consulting - India
- Kalimantan Lumbung Energi - Indonesia
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- SN Aboitiz Power Inc, Philippines
- Goldman Sachs - Singapore
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Billiton Holdings Pty Ltd - Australia
- Mjunction Services Limited - India
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- Bhoruka Overseas - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Energy Link Ltd, New Zealand
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- LBH Netherlands Bv - Netherlands
- CIMB Investment Bank - Malaysia
- Medco Energi Mining Internasional
- Singapore Mercantile Exchange
- Bayan Resources Tbk. - Indonesia
- Renaissance Capital - South Africa
- Merrill Lynch Commodities Europe
- Gujarat Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Bukit Makmur.PT - Indonesia
- Petron Corporation, Philippines
- Bangladesh Power Developement Board
- Thai Mozambique Logistica
- Leighton Contractors Pty Ltd - Australia
- Jaiprakash Power Ventures ltd
- Indian Energy Exchange, India
- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- Sical Logistics Limited - India
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- Videocon Industries ltd - India
- Ministry of Transport, Egypt
- Grasim Industreis Ltd - India
- Rio Tinto Coal - Australia
- Baramulti Group, Indonesia
- Electricity Authority, New Zealand
- Chamber of Mines of South Africa
- Cement Manufacturers Association - India
- Straits Asia Resources Limited - Singapore
- Barasentosa Lestari - Indonesia
- Karaikal Port Pvt Ltd - India
- Australian Coal Association
- SMC Global Power, Philippines
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Gujarat Sidhee Cement - India
- Therma Luzon, Inc, Philippines
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Makarim & Taira - Indonesia
- Malabar Cements Ltd - India
- Tamil Nadu electricity Board
- Kaltim Prima Coal - Indonesia
- Mercuria Energy - Indonesia
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- MS Steel International - UAE
- Bhushan Steel Limited - India
- Kartika Selabumi Mining - Indonesia
- Eastern Energy - Thailand
- Binh Thuan Hamico - Vietnam
- Parry Sugars Refinery, India
- Bahari Cakrawala Sebuku - Indonesia
- Latin American Coal - Colombia
- Trasteel International SA, Italy
- Samtan Co., Ltd - South Korea
- Sakthi Sugars Limited - India
- TeaM Sual Corporation - Philippines
- McConnell Dowell - Australia
- International Coal Ventures Pvt Ltd - India
- Marubeni Corporation - India
- ICICI Bank Limited - India
- Intertek Mineral Services - Indonesia
- Manunggal Multi Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Chettinad Cement Corporation Ltd - India
- White Energy Company Limited
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- Maheswari Brothers Coal Limited - India
- Independent Power Producers Association of India
- South Luzon Thermal Energy Corporation
- IHS Mccloskey Coal Group - USA
- Africa Commodities Group - South Africa
- VISA Power Limited - India
- Savvy Resources Ltd - HongKong
- Indo Tambangraya Megah - Indonesia
- OPG Power Generation Pvt Ltd - India
- Wood Mackenzie - Singapore
- Parliament of New Zealand
- London Commodity Brokers - England
- Alfred C Toepfer International GmbH - Germany
- Anglo American - United Kingdom
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- ASAPP Information Group - India
- Directorate Of Revenue Intelligence - India
- Kumho Petrochemical, South Korea
- Coal and Oil Company - UAE
- Standard Chartered Bank - UAE
- Mercator Lines Limited - India
- SMG Consultants - Indonesia
- Kobexindo Tractors - Indoneisa
- Vedanta Resources Plc - India
- The University of Queensland
- Coalindo Energy - Indonesia
- New Zealand Coal & Carbon
- Aditya Birla Group - India
- Krishnapatnam Port Company Ltd. - India
- Globalindo Alam Lestari - Indonesia
- Carbofer General Trading SA - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- European Bulk Services B.V. - Netherlands
- Power Finance Corporation Ltd., India
- Kohat Cement Company Ltd. - Pakistan
- Minerals Council of Australia
- Indian Oil Corporation Limited
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Simpson Spence & Young - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Development Corp, Philippines
- Indogreen Group - Indonesia
- Iligan Light & Power Inc, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Agrawal Coal Company - India
- Economic Council, Georgia
- Bukit Baiduri Energy - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Bharathi Cement Corporation - India
- Pendopo Energi Batubara - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Altura Mining Limited, Indonesia
- Vizag Seaport Private Limited - India
- Edison Trading Spa - Italy
- Salva Resources Pvt Ltd - India
- Wilmar Investment Holdings
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Global Green Power PLC Corporation, Philippines
- PNOC Exploration Corporation - Philippines
- Eastern Coal Council - USA
- Sinarmas Energy and Mining - Indonesia
- Riau Bara Harum - Indonesia
- Meralco Power Generation, Philippines
- Commonwealth Bank - Australia
- Electricity Generating Authority of Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Siam City Cement - Thailand
- Central Electricity Authority - India
- IEA Clean Coal Centre - UK
- Interocean Group of Companies - India
- Sindya Power Generating Company Private Ltd
- Directorate General of MIneral and Coal - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- San Jose City I Power Corp, Philippines
- Meenaskhi Energy Private Limited - India
- PowerSource Philippines DevCo
- The State Trading Corporation of India Ltd
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining Corp, Philippines
- GAC Shipping (India) Pvt Ltd
- Sojitz Corporation - Japan
- Aboitiz Power Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- Semirara Mining and Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Global Business Power Corporation, Philippines
- Thiess Contractors Indonesia
- Ind-Barath Power Infra Limited - India
- Coastal Gujarat Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Global Coal Blending Company Limited - Australia
- Rashtriya Ispat Nigam Limited - India
- Planning Commission, India
- GN Power Mariveles Coal Plant, Philippines
- Tata Chemicals Ltd - India
- Bulk Trading Sa - Switzerland
- Price Waterhouse Coopers - Russia
- Jindal Steel & Power Ltd - India
- Xindia Steels Limited - India
- Ambuja Cements Ltd - India
- Heidelberg Cement - Germany
- PTC India Limited - India
- Australian Commodity Traders Exchange
- GVK Power & Infra Limited - India
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- India Bulls Power Limited - India
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