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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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Sunday, 03 July 22
CHINESE VICE PREMIER STRESSES CLEAN, EFFICIENT USE OF COAL - XINHUA
Chinese Vice Premier Han Zheng has stressed efforts to promote the clean and efficient use of coal, and pursue green, low-carbon and high-quality d ...
Sunday, 03 July 22
SOVEREIGN SECTOR OUTLOOK REVISED TO NEUTRAL ON UKRAINE WAR IMPACT - FITCH RATINGS
The deterioration in global sovereign credit conditions this year relative to our expectations at end-2021 has caused Fitch Ratings to change its g ...
Saturday, 02 July 22
GLOBAL SEABORNE COAL EXPORTS IN 2021 INCREASED BY 4.4% Y-O-Y TO 1147 MLN TONNES - BANCHERO COSTA
In the full 12 months of 2021, global seaborne coal exports increased by +4.4% y-o-y to 1147 mln tonnes, from 1099 mln tonnes in 2020, according to ...
Friday, 01 July 22
INDIA'S TOP CEMENT MAKER PAYING FOR RUSSIAN COAL IN CHINESE YUAN - REUTERS
India’s biggest cement producer, UltraTech Cement ULTC.NS, is importing a cargo of Russian coal and paying using Chinese yuan, according to a ...
Thursday, 30 June 22
FINANCIAL GAINS SUPPORT COAL TRANSITION - BALTIC EXCHANGE
Support for the shift away from coal dependency continues to mount, with the International Monetary Fund (IMF) calculating that the move would gene ...
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Showing 306 to 310 news of total 6871 |
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- OPG Power Generation Pvt Ltd - India
- Australian Coal Association
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Indika Energy - Indonesia
- San Jose City I Power Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- TeaM Sual Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Indogreen Group - Indonesia
- IEA Clean Coal Centre - UK
- Cement Manufacturers Association - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Videocon Industries ltd - India
- CNBM International Corporation - China
- GVK Power & Infra Limited - India
- Orica Australia Pty. Ltd.
- Renaissance Capital - South Africa
- Semirara Mining Corp, Philippines
- Makarim & Taira - Indonesia
- Global Coal Blending Company Limited - Australia
- Bangladesh Power Developement Board
- Indo Tambangraya Megah - Indonesia
- Romanian Commodities Exchange
- Wilmar Investment Holdings
- Deloitte Consulting - India
- The Treasury - Australian Government
- Jaiprakash Power Ventures ltd
- Binh Thuan Hamico - Vietnam
- SMG Consultants - Indonesia
- Bulk Trading Sa - Switzerland
- Dalmia Cement Bharat India
- Mercuria Energy - Indonesia
- Chettinad Cement Corporation Ltd - India
- Manunggal Multi Energi - Indonesia
- Central Java Power - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Meralco Power Generation, Philippines
- Eastern Coal Council - USA
- Kartika Selabumi Mining - Indonesia
- Sindya Power Generating Company Private Ltd
- Australian Commodity Traders Exchange
- SN Aboitiz Power Inc, Philippines
- Independent Power Producers Association of India
- Jorong Barutama Greston.PT - Indonesia
- Indian Energy Exchange, India
- Singapore Mercantile Exchange
- Africa Commodities Group - South Africa
- Borneo Indobara - Indonesia
- The University of Queensland
- Parliament of New Zealand
- Leighton Contractors Pty Ltd - Australia
- Ministry of Finance - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- India Bulls Power Limited - India
- Timah Investasi Mineral - Indoneisa
- Wood Mackenzie - Singapore
- Larsen & Toubro Limited - India
- European Bulk Services B.V. - Netherlands
- GAC Shipping (India) Pvt Ltd
- Central Electricity Authority - India
- Kepco SPC Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- Jindal Steel & Power Ltd - India
- Carbofer General Trading SA - India
- Georgia Ports Authority, United States
- New Zealand Coal & Carbon
- TNB Fuel Sdn Bhd - Malaysia
- Attock Cement Pakistan Limited
- Pendopo Energi Batubara - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- White Energy Company Limited
- Lanco Infratech Ltd - India
- Anglo American - United Kingdom
- Chamber of Mines of South Africa
- Straits Asia Resources Limited - Singapore
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Kalimantan Lumbung Energi - Indonesia
- Bharathi Cement Corporation - India
- GMR Energy Limited - India
- Marubeni Corporation - India
- Krishnapatnam Port Company Ltd. - India
- Simpson Spence & Young - Indonesia
- Minerals Council of Australia
- McConnell Dowell - Australia
- Bhushan Steel Limited - India
- Bhatia International Limited - India
- Barasentosa Lestari - Indonesia
- Coal and Oil Company - UAE
- Antam Resourcindo - Indonesia
- LBH Netherlands Bv - Netherlands
- Bukit Makmur.PT - Indonesia
- Kumho Petrochemical, South Korea
- Toyota Tsusho Corporation, Japan
- Eastern Energy - Thailand
- Economic Council, Georgia
- Star Paper Mills Limited - India
- PTC India Limited - India
- Altura Mining Limited, Indonesia
- ASAPP Information Group - India
- Sojitz Corporation - Japan
- Latin American Coal - Colombia
- Kapuas Tunggal Persada - Indonesia
- Baramulti Group, Indonesia
- Banpu Public Company Limited - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Planning Commission, India
- Maharashtra Electricity Regulatory Commission - India
- Aditya Birla Group - India
- Alfred C Toepfer International GmbH - Germany
- Medco Energi Mining Internasional
- Kobexindo Tractors - Indoneisa
- Mintek Dendrill Indonesia
- Posco Energy - South Korea
- Port Waratah Coal Services - Australia
- Commonwealth Bank - Australia
- Gujarat Sidhee Cement - India
- CIMB Investment Bank - Malaysia
- Billiton Holdings Pty Ltd - Australia
- PowerSource Philippines DevCo
- Offshore Bulk Terminal Pte Ltd, Singapore
- Merrill Lynch Commodities Europe
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sarangani Energy Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Semirara Mining and Power Corporation, Philippines
- VISA Power Limited - India
- Meenaskhi Energy Private Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- MS Steel International - UAE
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Bayan Resources Tbk. - Indonesia
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- Oldendorff Carriers - Singapore
- SMC Global Power, Philippines
- Electricity Authority, New Zealand
- Holcim Trading Pte Ltd - Singapore
- Rashtriya Ispat Nigam Limited - India
- Goldman Sachs - Singapore
- Karaikal Port Pvt Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Ambuja Cements Ltd - India
- Edison Trading Spa - Italy
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- Globalindo Alam Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Ministry of Transport, Egypt
- Neyveli Lignite Corporation Ltd, - India
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Savvy Resources Ltd - HongKong
- Formosa Plastics Group - Taiwan
- Mercator Lines Limited - India
- AsiaOL BioFuels Corp., Philippines
- Vizag Seaport Private Limited - India
- Kideco Jaya Agung - Indonesia
- Malabar Cements Ltd - India
- The State Trading Corporation of India Ltd
- Salva Resources Pvt Ltd - India
- Aboitiz Power Corporation - Philippines
- Rio Tinto Coal - Australia
- Thai Mozambique Logistica
- Vijayanagar Sugar Pvt Ltd - India
- Heidelberg Cement - Germany
- Interocean Group of Companies - India
- Sree Jayajothi Cements Limited - India
- Madhucon Powers Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- Bukit Baiduri Energy - Indonesia
- Riau Bara Harum - Indonesia
- Price Waterhouse Coopers - Russia
- Parry Sugars Refinery, India
- Siam City Cement - Thailand
- Karbindo Abesyapradhi - Indoneisa
- ICICI Bank Limited - India
- Siam City Cement PLC, Thailand
- Indian Oil Corporation Limited
- Ceylon Electricity Board - Sri Lanka
- Iligan Light & Power Inc, Philippines
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Mjunction Services Limited - India
- Coastal Gujarat Power Limited - India
- Maheswari Brothers Coal Limited - India
- Xindia Steels Limited - India
- Kaltim Prima Coal - Indonesia
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Directorate Of Revenue Intelligence - India
- Vedanta Resources Plc - India
- Orica Mining Services - Indonesia
- Tata Chemicals Ltd - India
- Petron Corporation, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
- Standard Chartered Bank - UAE
- GN Power Mariveles Coal Plant, Philippines
- Coalindo Energy - Indonesia
- London Commodity Brokers - England
- Ministry of Mines - Canada
- Tamil Nadu electricity Board
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