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Mitsui & Co Ltd

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  • *Assets eyed in Mozambique, Mongolia, Australia and Indonesia. TOKYO/ MELBOURNE, Dec 22- Only a few months ago, a potential buyer said Japanese trading house Marubeni Corp was prepared to sell a costly stake in a Canadian coal mine for as little as $1. This vote of confidence comes amid signs that coal demand in Japan and emerging markets such as India is holding up well...

  • LAUNCESTON, Australia, Dec 11- If you were looking for a sign that coal prices have finally bottomed out, then the ramping up of merger and acquisition activity is often a good indicator. In the past few days, a flurry of announcements have hit the headlines, including Anglo American's proposed sale of coal assets in Australia and South Africa, and Peabody Energy and...

  • LONDON, Dec 4- Japanese trading house Mitsui& Co is set to buy a stake in Vale's Moatize coal project in Mozambique, according to two sources close to the situation. Under terms of the sale, Mitsui will buy 15 percent of the mine for about $450 million from the Brazilian miner, one of the sources said. Vale SA, which has been hit by a dramatic fall in the price of its key...

  • *Anadarko in talks with China's CNOOC for major contract. MILAN/ SINGAPORE, Oct 30- Countries across Asia are quietly reaching deals to import liquefied natural gas from Mozambique, which could transform its economy and give it a front-row seat in tapping rising global gas demand. The unannounced agreements, five in total, show how war-scarred Mozambique is...

  • Nippon Life to increase hedged bonds, to buy or keep steady unhedged bonds Meiji Yasuda to increase holdings Sumitomo to take flexible stance after increase of Y700 bln in Apr-Sept Mitsui to increase holdings of unhedged foreign bonds slightly Taiyo to slightly increase holdings, might reduce hedge ratio Daido to consider increasing holdings after buying...

  • *Takata shares fall to 18- month low. The Nikkei share index lost 0.7 percent to 15,089. 14 Wall Street shares slid on Wednesday after big gains in the past few days. 1/ 8 ID: nL2N0SH2QI 3/ 8 Oil prices also fell sharply, pressured by data that showed a second big jump in weekly U.S. crude stockpiles, as well as a rising U.S. dollar and falling equity markets. 1/ 8 ID: nL6N0SH1EW 3/...

  • KHOBAR, Saudi Arabia, Oct 22- Saudi Arabia- based power and water project developer ACWA Power is seeking to secure or arranging finance for $15 billion worth of projects, nearly half of which are in renewable energy, its chief executive said. The company, which plans to list its shares on the Saudi stock market, has projects operating or under construction in...

  • TOKYO, Oct 15- Japan's Nikkei share average staged a modest rebound on Wednesday after a five-day losing streak, but concerns about a loss of momentum in the global economy after fresh evidence of fall in German business sentiment limited gains. It's a natural rebound, "said Takashi Hiroki, chief strategist at Monex in Tokyo. Denso climbed 2.3 percent while...

  • TOKYO, Oct 9- Japan's Nikkei share average rose on Thursday after the Federal Reserve said it would not lift interest rates until the U.S. economy was sufficiently strong, though a resurgent yen dented optimism on profit outlook. Wall Street shares posted their biggest gains so far this year as investors scaled back expectations of U.S. rate hikes after minutes...

  • MOSCOW, Oct 2- Foreign-led projects lifted Russian oil output last month to within reach of a post-Soviet record, showing the potential in the country's existing fields, which are largely unaffected by Western sanctions over Ukraine. Oil production rose in January-September by 0.7 percent year-on-year, showing that Moscow has not curbed its output to prop up...

  • MOSCOW, Oct 2- Oil production in Russia increased by almost 0.9 percent month-on-month in September to 10.61 barrels per day largely because of increased output at joint ventures with foreign majors, Energy Ministry data showed on Thursday. The ministry does not provide a breakdown of the data for the projects, which include Sakhalin-1 of Rosneft, ExxonMobil,...

  • *Glencore, Trafigura, Mitsui show interest in copper project. MOSCOW, Sept 24- Russia's Norilsk Nickel, the world's largest nickel and palladium producer, is in talks to buy palladium worth up to $2 billion from the country's central bank, Norilsk's chief executive and co-owner Vladimir Potanin said.

  • *Mitsubishi, Mitsui, Kogas in talks to buy Europe import capacity. MILAN, Sept 17- Gas buyers nervous of Russia cutting supply are helping solve Europe's problem of too many underused liquefied natural gas terminals, as they seek space at France's Dunkirk plant.

  • SYDNEY, Sept 11- Copper was perched above one-month lows on Thursday but looked vulnerable to fresh losses as cracks appeared in global economic growth, while expectations supply will rise towards the year-end also kept a lid on prices. *Copper prices on Tuesday slipped to a four-week low at $6,821.75 a tonne, its weakest since Aug. 14.

  • *Mitsui's iron ore ops profitable even if prices fall 20-30 pct. TOKYO, Sept 10- Japanese trading house Mitsui& Co may miss the current year's profit target of $1.1 billion for its metals business due to the slump in iron ore, warned a senior executive, who said prices may fall to as low as $80 a tonne before rebounding.

  • The International Copper Study Group's most recent monthly update assessed the global refined copper market as being in a 450,000- tonne deficit in the first five months of the year, or a 308,000- tonne deficit once movements in Shanghai bonded stocks are factored into the equation.

  • Asia buyers of U.S. oil struggle on tight ship supply Wednesday, 13 Aug 2014 | 4:03 AM ET

    *Panamax freight rates from U.S. to Asia rise. NEW YORK/ SINGAPORE, Aug 13- Asian buyers of ultra light oil from the United States are struggling to find small-sized ships willing to undertake the month-long voyage at affordable rates as U.S.- Asia oil trade flows grow. "Why would you want to send a Panamax to Asia?

  • CHICAGO, Aug 8- U.S. grain shipments out of the largest terminal in the Pacific Northwest are facing major delays as grain inspectors remain off-site because of a labor dispute, and concerns are growing that the backlogs will get much worse when bumper harvests roll in.

  • NEW YORK, Aug 4- Global oil trading house Arcadia and two well-known traders will pay $13 million and face an unusual three-year limit on trading physical U.S. benchmark crude to settle a landmark lawsuit over manipulating oil prices in 2008.. In 2011, the CFTC alleged that Arcadia, a global oil trading firm owned by Norwegian billionaire John Fredriksen, its U.S.

  • NEW YORK, Aug 4- Global oil trading house Arcadia and two well-known traders will pay $13 million and face three-year limits on trading benchmark U.S. crude to settle a landmark lawsuit over manipulating oil prices in 2008.. In 2011, CFTC alleged that Arcadia, a global oil trading firm owned by Norwegian billionaire John Fredriksen, its U.S.