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.
|
|
Wednesday, 29 June 22
LNG MARKET REMAINS TIGHT - INTERMODAL
LNG market remains tight currently, mainly driven by the US LNG outage from the recent fire in Freeport LNG terminal together with the recent fall ...
Wednesday, 29 June 22
CHINA'S NEW PLAN FOR RENEWABLE ENERGY DEVELOPMENT FOCUSES ON CONSUMPTION - FITCH RATINGS
China’s focus on consumption penetration for renewable energy development in its recently released 14th five-year plan – 2021 to 2025 & ...
Wednesday, 29 June 22
APAC CORPORATE SECTOR OUTLOOKS SHIFT AMID GLOBAL SHOCKS - FITCH RATINGS’
Fitch Ratings’ mid-2022 corporate sector outlook review revealed that the Asia-Pacific (APAC) region saw the largest number of sector outlook ...
Thursday, 16 June 22
MARKET INSIGHT - INTERMODAL
Picking up from my last insight in March, on the early days of the invasion, it's worth pointing out the way that the fast-paced working enviro ...
Saturday, 11 June 22
AIMTEK INTERNATIONAL CONFERENCE AND AWARDS
Press Release: The prestigious AIMTEK International Conference and Awards concluded successfully on June 7th, 2022 at Radisson Blu, Yas Island Abu ...
|
|
|
Showing 316 to 320 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Bank of Tokyo Mitsubishi UFJ Ltd
- Alfred C Toepfer International GmbH - Germany
- SMG Consultants - Indonesia
- Romanian Commodities Exchange
- Posco Energy - South Korea
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- Oldendorff Carriers - Singapore
- Commonwealth Bank - Australia
- Energy Development Corp, Philippines
- PTC India Limited - India
- The State Trading Corporation of India Ltd
- Banpu Public Company Limited - Thailand
- Timah Investasi Mineral - Indoneisa
- Mintek Dendrill Indonesia
- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Australian Commodity Traders Exchange
- Tata Chemicals Ltd - India
- Goldman Sachs - Singapore
- Bhushan Steel Limited - India
- Australian Coal Association
- VISA Power Limited - India
- Binh Thuan Hamico - Vietnam
- Sindya Power Generating Company Private Ltd
- Minerals Council of Australia
- Global Green Power PLC Corporation, Philippines
- Essar Steel Hazira Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Cement Manufacturers Association - India
- SMC Global Power, Philippines
- The Treasury - Australian Government
- Petron Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Karbindo Abesyapradhi - Indoneisa
- European Bulk Services B.V. - Netherlands
- PetroVietnam Power Coal Import and Supply Company
- Metalloyd Limited - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Coastal Gujarat Power Limited - India
- Wood Mackenzie - Singapore
- Antam Resourcindo - Indonesia
- Riau Bara Harum - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Semirara Mining and Power Corporation, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Samtan Co., Ltd - South Korea
- Merrill Lynch Commodities Europe
- Bukit Baiduri Energy - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Aditya Birla Group - India
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- Mercator Lines Limited - India
- South Luzon Thermal Energy Corporation
- Bangladesh Power Developement Board
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- IEA Clean Coal Centre - UK
- Coalindo Energy - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Holcim Trading Pte Ltd - Singapore
- Offshore Bulk Terminal Pte Ltd, Singapore
- Georgia Ports Authority, United States
- Wilmar Investment Holdings
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Miang Besar Coal Terminal - Indonesia
- Global Business Power Corporation, Philippines
- Singapore Mercantile Exchange
- Gujarat Sidhee Cement - India
- Grasim Industreis Ltd - India
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- Barasentosa Lestari - Indonesia
- Deloitte Consulting - India
- Agrawal Coal Company - India
- Kobexindo Tractors - Indoneisa
- MS Steel International - UAE
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Kumho Petrochemical, South Korea
- Xindia Steels Limited - India
- Port Waratah Coal Services - Australia
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Meenaskhi Energy Private Limited - India
- Dalmia Cement Bharat India
- Karaikal Port Pvt Ltd - India
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- GVK Power & Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- San Jose City I Power Corp, Philippines
- Altura Mining Limited, Indonesia
- Orica Australia Pty. Ltd.
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Siam City Cement - Thailand
- Parliament of New Zealand
- Heidelberg Cement - Germany
- GAC Shipping (India) Pvt Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Renaissance Capital - South Africa
- Gujarat Mineral Development Corp Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Mjunction Services Limited - India
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- Jaiprakash Power Ventures ltd
- Indogreen Group - Indonesia
- ASAPP Information Group - India
- Economic Council, Georgia
- Cigading International Bulk Terminal - Indonesia
- Global Coal Blending Company Limited - Australia
- Medco Energi Mining Internasional
- Sarangani Energy Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Savvy Resources Ltd - HongKong
- Rio Tinto Coal - Australia
- Kartika Selabumi Mining - Indonesia
- Bayan Resources Tbk. - Indonesia
- Ind-Barath Power Infra Limited - India
- GMR Energy Limited - India
- Mercuria Energy - Indonesia
- Malabar Cements Ltd - India
- Attock Cement Pakistan Limited
- Anglo American - United Kingdom
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Bukit Makmur.PT - Indonesia
- Madhucon Powers Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Iligan Light & Power Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Interocean Group of Companies - India
- Electricity Generating Authority of Thailand
- Ministry of Finance - Indonesia
- Tamil Nadu electricity Board
- Central Java Power - Indonesia
- Ministry of Mines - Canada
- India Bulls Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Power Finance Corporation Ltd., India
- PNOC Exploration Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- Orica Mining Services - Indonesia
- Makarim & Taira - Indonesia
- Edison Trading Spa - Italy
- Indonesian Coal Mining Association
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- Indika Energy - Indonesia
- Eastern Energy - Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Formosa Plastics Group - Taiwan
- Jindal Steel & Power Ltd - India
- The University of Queensland
- Pendopo Energi Batubara - Indonesia
- McConnell Dowell - Australia
- TNB Fuel Sdn Bhd - Malaysia
- GN Power Mariveles Coal Plant, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- Globalindo Alam Lestari - Indonesia
- Meralco Power Generation, Philippines
- ICICI Bank Limited - India
- Thiess Contractors Indonesia
- Bhatia International Limited - India
- AsiaOL BioFuels Corp., Philippines
- Price Waterhouse Coopers - Russia
- Sical Logistics Limited - India
- Larsen & Toubro Limited - India
- Chamber of Mines of South Africa
- Coal and Oil Company - UAE
- Semirara Mining Corp, Philippines
- Thai Mozambique Logistica
- Straits Asia Resources Limited - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Directorate Of Revenue Intelligence - India
- CIMB Investment Bank - Malaysia
- Chettinad Cement Corporation Ltd - India
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
- Bulk Trading Sa - Switzerland
- Indian Energy Exchange, India
- Salva Resources Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- CNBM International Corporation - China
- Ministry of Transport, Egypt
- Carbofer General Trading SA - India
- Toyota Tsusho Corporation, Japan
- Ceylon Electricity Board - Sri Lanka
- Sakthi Sugars Limited - India
- White Energy Company Limited
- SN Aboitiz Power Inc, Philippines
- Vedanta Resources Plc - India
- Planning Commission, India
- Lanco Infratech Ltd - India
- Siam City Cement PLC, Thailand
- Ambuja Cements Ltd - India
|
| |
| |
|