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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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Thursday, 17 February 22
APAC THERMAL COAL PRICES TO EASE ON END OF INDONESIA EXPORT BAN - FITCH RATINGS
Fitch Ratings-Shanghai/Singapore-14 February 2022: APAC thermal coal prices are likely to come under pressure in the near term due to seasonally we ...
Tuesday, 15 February 22
IS ANOTHER COAL SHORTAGE CRISIS LOOMING OVER INDIA? - BUSINESS STANDARD
In December last year, the Federation of Indian Mineral Industries (FIMI) shot off a letter to the Prime Minister claiming that the coal crisis was ...
Tuesday, 15 February 22
THERMAL COAL'S RECORD PRICE RUN MAY END UP ITS OWN WORST ENEMY - REUTERS
The price of benchmark Australian thermal coal rose last week to trade near record highs, providing a short-term boost to producers but increasing ...
Thursday, 10 February 22
INDONESIA: COAL EXPORT BAN - SKULD
Indonesia's coal export ban in the light of force majeure and off-hire clauses
In January 2022, Indonesia, the world's biggest exporte ...
Thursday, 10 February 22
EIA ANALYSIS CONSIDERS DIFFERENT OUTCOMES FOR COAL MARKETS IN INDIA AND SOUTHEAST ASIA
In our International Energy Outlook 2021 (IEO2021) Issues in Focus: Uncertainty in Coal Trade in India and Greater Southeast Asia, we analyze three ...
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- Borneo Indobara - Indonesia
- Malabar Cements Ltd - India
- Bhushan Steel Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Antam Resourcindo - Indonesia
- Deloitte Consulting - India
- MS Steel International - UAE
- Tamil Nadu electricity Board
- Kartika Selabumi Mining - Indonesia
- Xindia Steels Limited - India
- PTC India Limited - India
- Ind-Barath Power Infra Limited - India
- The State Trading Corporation of India Ltd
- Bharathi Cement Corporation - India
- VISA Power Limited - India
- London Commodity Brokers - England
- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- Thai Mozambique Logistica
- Agrawal Coal Company - India
- Goldman Sachs - Singapore
- Formosa Plastics Group - Taiwan
- Posco Energy - South Korea
- Makarim & Taira - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Gujarat Sidhee Cement - India
- Billiton Holdings Pty Ltd - Australia
- Medco Energi Mining Internasional
- Cement Manufacturers Association - India
- Carbofer General Trading SA - India
- Merrill Lynch Commodities Europe
- Planning Commission, India
- Kaltim Prima Coal - Indonesia
- Bangladesh Power Developement Board
- Holcim Trading Pte Ltd - Singapore
- Savvy Resources Ltd - HongKong
- The University of Queensland
- Samtan Co., Ltd - South Korea
- Sree Jayajothi Cements Limited - India
- Altura Mining Limited, Indonesia
- Aboitiz Power Corporation - Philippines
- Commonwealth Bank - Australia
- Directorate Of Revenue Intelligence - India
- Metalloyd Limited - United Kingdom
- Banpu Public Company Limited - Thailand
- Attock Cement Pakistan Limited
- Meenaskhi Energy Private Limited - India
- Bhatia International Limited - India
- Indogreen Group - Indonesia
- SN Aboitiz Power Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- Sindya Power Generating Company Private Ltd
- Ministry of Finance - Indonesia
- Riau Bara Harum - Indonesia
- Barasentosa Lestari - Indonesia
- Africa Commodities Group - South Africa
- Madhucon Powers Ltd - India
- TeaM Sual Corporation - Philippines
- India Bulls Power Limited - India
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Petron Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- Ministry of Mines - Canada
- Iligan Light & Power Inc, Philippines
- Anglo American - United Kingdom
- Timah Investasi Mineral - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- SMC Global Power, Philippines
- Mercator Lines Limited - India
- Kapuas Tunggal Persada - Indonesia
- Heidelberg Cement - Germany
- Kepco SPC Power Corporation, Philippines
- Minerals Council of Australia
- Karaikal Port Pvt Ltd - India
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Power Finance Corporation Ltd., India
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- Chamber of Mines of South Africa
- White Energy Company Limited
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Indian Energy Exchange, India
- Sarangani Energy Corporation, Philippines
- Miang Besar Coal Terminal - Indonesia
- Central Electricity Authority - India
- Toyota Tsusho Corporation, Japan
- Trasteel International SA, Italy
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercuria Energy - Indonesia
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- Bukit Makmur.PT - Indonesia
- Tata Chemicals Ltd - India
- Port Waratah Coal Services - Australia
- Vedanta Resources Plc - India
- Independent Power Producers Association of India
- Jaiprakash Power Ventures ltd
- PNOC Exploration Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Semirara Mining Corp, Philippines
- Indonesian Coal Mining Association
- Videocon Industries ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Pendopo Energi Batubara - Indonesia
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Australian Commodity Traders Exchange
- European Bulk Services B.V. - Netherlands
- Bukit Baiduri Energy - Indonesia
- Mjunction Services Limited - India
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Maheswari Brothers Coal Limited - India
- Meralco Power Generation, Philippines
- Straits Asia Resources Limited - Singapore
- Global Business Power Corporation, Philippines
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- GVK Power & Infra Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Essar Steel Hazira Ltd - India
- IEA Clean Coal Centre - UK
- Globalindo Alam Lestari - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Petrochimia International Co. Ltd.- Taiwan
- Energy Link Ltd, New Zealand
- Intertek Mineral Services - Indonesia
- McConnell Dowell - Australia
- Therma Luzon, Inc, Philippines
- GAC Shipping (India) Pvt Ltd
- Parliament of New Zealand
- ASAPP Information Group - India
- Simpson Spence & Young - Indonesia
- Electricity Generating Authority of Thailand
- New Zealand Coal & Carbon
- Australian Coal Association
- Wilmar Investment Holdings
- Parry Sugars Refinery, India
- Singapore Mercantile Exchange
- Romanian Commodities Exchange
- Coalindo Energy - Indonesia
- Ambuja Cements Ltd - India
- CNBM International Corporation - China
- The Treasury - Australian Government
- Global Coal Blending Company Limited - Australia
- Gujarat Mineral Development Corp Ltd - India
- Georgia Ports Authority, United States
- IHS Mccloskey Coal Group - USA
- Economic Council, Georgia
- Renaissance Capital - South Africa
- International Coal Ventures Pvt Ltd - India
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coastal Gujarat Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Larsen & Toubro Limited - India
- Alfred C Toepfer International GmbH - Germany
- Lanco Infratech Ltd - India
- Latin American Coal - Colombia
- Global Green Power PLC Corporation, Philippines
- GN Power Mariveles Coal Plant, Philippines
- PowerSource Philippines DevCo
- Binh Thuan Hamico - Vietnam
- Siam City Cement PLC, Thailand
- OPG Power Generation Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Kobexindo Tractors - Indoneisa
- Maharashtra Electricity Regulatory Commission - India
- Rashtriya Ispat Nigam Limited - India
- Aditya Birla Group - India
- Grasim Industreis Ltd - India
- Energy Development Corp, Philippines
- Cigading International Bulk Terminal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Orica Mining Services - Indonesia
- Salva Resources Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- AsiaOL BioFuels Corp., Philippines
- CIMB Investment Bank - Malaysia
- Oldendorff Carriers - Singapore
- Sinarmas Energy and Mining - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Star Paper Mills Limited - India
- Sical Logistics Limited - India
- San Jose City I Power Corp, Philippines
- Price Waterhouse Coopers - Russia
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- Standard Chartered Bank - UAE
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- Central Java Power - Indonesia
- Bhoruka Overseas - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- Bank of Tokyo Mitsubishi UFJ Ltd
- Sakthi Sugars Limited - India
- ICICI Bank Limited - India
- Bulk Trading Sa - Switzerland
- Coal and Oil Company - UAE
- Uttam Galva Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Manunggal Multi Energi - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Wood Mackenzie - Singapore
- Dr Ramakrishna Prasad Power Pvt Ltd - India
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