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Thursday, 08 March 12
INDONESIA'S COAL SECTOR CAN BENEFIT FROM CLEARER REGULATIONS - FITCH RATINGS
Fitch Ratings says Indonesia's coal mining sector should continue to see strong growth prospects but can benefit from clearer and more predictable regulations.
"Fitch expects medium term demand supply dynamics for thermal coal to remain well balanced, leading to healthy prices and strong operational cash flows for Indonesian coal miners," says Shahim Zubair, Associate Director in Fitch's Asia-Pacific Energy & Utilities team. Low production costs are a major advantage for Indonesian coal producers.
In a special report, Fitch notes that the regulatory environment of the Indonesian coal industry is in a state of transition. Further clarity is required on certain major aspects, including the proposed ban on low-rank coal exports. If implemented, the ban can hit certain operators who have significant reserves in low-rank coal. Most of the large coal miners in Indonesia are export-oriented and their coal reserves are either below or marginally above this threshold.
"It is a tough act to balance the health of the industry against long-term domestic energy security of Indonesia" says Mr Zubair. "Fitch believes that Indonesia will take a pragmatic approach to industry regulations as failing to do so can have negative consequences for the sector in the long-run."
Fitch notes the sector's rapid expansion of production and acquisition of coal reserves. A number of operators have acquired, and will continue to acquire, green-field projects which generally entail higher operational and financial risks. However, as long as risks associated with such projects are sufficiently addressed and green-field project development exposure contained, these do not necessarily pose a significant threat to credit profiles.
Credit profiles of Indonesian coal miners remain sub-investment grade, owing to limited mine site diversification, evolving mining regulations, debt-funded expansion and, in some instances, corporate governance issues.
The full report "Indonesia: Coal Mining - Strong Medium-term Outlook; Clearer Regulations Highly Desirable" is available at 'www.fitchratings.com'.
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Tuesday, 21 February 12
THREAT ISSUED ON MINERAL FIRMS AS GOVT PLANS EXPORT BAN - THE JAKARTA POST
The Jakarta Post, one of the leading english news papaer in Indonesia reported that, the government has given mineral producers three months to subm ...
Monday, 20 February 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU
The dry market experienced one more disappointing week with tonnage oversupply and limited cargo demand that pushes earnings for shipping players to ...
Monday, 20 February 12
JATENERGY SECURES FIRST 8000-TONNE COAL SALES CONTRACT FOR JONGKANG MINES
8000-tonne contract with Singaporean buyer signed for March delivery
50% down payment due in five working days
Production continues at both Jongka ...
Monday, 20 February 12
DIAN SWASTATIKA ACQUIRES ANDALAN LESTARI - INSIDER STORIES
Insider Stories reported that, PT Dian Swastatika Sentosa Tbk (DSSA), controlled by Fuganto Widjaja, son of Indra Widjaja, reported a 99.83% takeove ...
Monday, 20 February 12
COAL BOOM AND ENVIRONMENTAL CONCERN - SUNIL K KUMBHAT
COALspot.com - The dawn of the 21st century has seen a shift in the world's commercial balance of power, with the dominance of the US, Europe and J ...
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- Bahari Cakrawala Sebuku - Indonesia
- Madhucon Powers Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Intertek Mineral Services - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Kartika Selabumi Mining - Indonesia
- Timah Investasi Mineral - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Indika Energy - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Borneo Indobara - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Indo Tambangraya Megah - Indonesia
- Coastal Gujarat Power Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
- Savvy Resources Ltd - HongKong
- Maheswari Brothers Coal Limited - India
- London Commodity Brokers - England
- Commonwealth Bank - Australia
- Thiess Contractors Indonesia
- IHS Mccloskey Coal Group - USA
- Goldman Sachs - Singapore
- Africa Commodities Group - South Africa
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- Ind-Barath Power Infra Limited - India
- CIMB Investment Bank - Malaysia
- Gujarat Sidhee Cement - India
- Sarangani Energy Corporation, Philippines
- Jindal Steel & Power Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Salva Resources Pvt Ltd - India
- VISA Power Limited - India
- Sojitz Corporation - Japan
- Romanian Commodities Exchange
- The State Trading Corporation of India Ltd
- Heidelberg Cement - Germany
- CNBM International Corporation - China
- Tata Chemicals Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- GAC Shipping (India) Pvt Ltd
- PetroVietnam Power Coal Import and Supply Company
- Aboitiz Power Corporation - Philippines
- Marubeni Corporation - India
- Economic Council, Georgia
- Star Paper Mills Limited - India
- Antam Resourcindo - Indonesia
- Thai Mozambique Logistica
- Electricity Authority, New Zealand
- PowerSource Philippines DevCo
- Semirara Mining Corp, Philippines
- Carbofer General Trading SA - India
- Mintek Dendrill Indonesia
- MS Steel International - UAE
- Bharathi Cement Corporation - India
- TeaM Sual Corporation - Philippines
- Bukit Baiduri Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- ASAPP Information Group - India
- PNOC Exploration Corporation - Philippines
- SMG Consultants - Indonesia
- Interocean Group of Companies - India
- Formosa Plastics Group - Taiwan
- Cigading International Bulk Terminal - Indonesia
- Posco Energy - South Korea
- Neyveli Lignite Corporation Ltd, - India
- The Treasury - Australian Government
- Bangladesh Power Developement Board
- Oldendorff Carriers - Singapore
- Global Business Power Corporation, Philippines
- Georgia Ports Authority, United States
- Bayan Resources Tbk. - Indonesia
- White Energy Company Limited
- Planning Commission, India
- Central Java Power - Indonesia
- South Luzon Thermal Energy Corporation
- India Bulls Power Limited - India
- Iligan Light & Power Inc, Philippines
- SMC Global Power, Philippines
- PTC India Limited - India
- Bulk Trading Sa - Switzerland
- Larsen & Toubro Limited - India
- Toyota Tsusho Corporation, Japan
- Anglo American - United Kingdom
- Riau Bara Harum - Indonesia
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- Samtan Co., Ltd - South Korea
- Siam City Cement - Thailand
- Kumho Petrochemical, South Korea
- Ambuja Cements Ltd - India
- Banpu Public Company Limited - Thailand
- Vedanta Resources Plc - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Wilmar Investment Holdings
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- Edison Trading Spa - Italy
- Energy Link Ltd, New Zealand
- Singapore Mercantile Exchange
- Ministry of Finance - Indonesia
- Ministry of Mines - Canada
- Lanco Infratech Ltd - India
- Kaltim Prima Coal - Indonesia
- Trasteel International SA, Italy
- Ceylon Electricity Board - Sri Lanka
- Billiton Holdings Pty Ltd - Australia
- Mercator Lines Limited - India
- Chamber of Mines of South Africa
- Chettinad Cement Corporation Ltd - India
- Metalloyd Limited - United Kingdom
- Barasentosa Lestari - Indonesia
- Agrawal Coal Company - India
- Parry Sugars Refinery, India
- Bhoruka Overseas - Indonesia
- Attock Cement Pakistan Limited
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- Wood Mackenzie - Singapore
- Sindya Power Generating Company Private Ltd
- OPG Power Generation Pvt Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- GN Power Mariveles Coal Plant, Philippines
- Indian Oil Corporation Limited
- San Jose City I Power Corp, Philippines
- GVK Power & Infra Limited - India
- Grasim Industreis Ltd - India
- Directorate Of Revenue Intelligence - India
- Sical Logistics Limited - India
- Medco Energi Mining Internasional
- Baramulti Group, Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Tamil Nadu electricity Board
- Parliament of New Zealand
- Kapuas Tunggal Persada - Indonesia
- Eastern Coal Council - USA
- Ministry of Transport, Egypt
- Bhatia International Limited - India
- Eastern Energy - Thailand
- Aditya Birla Group - India
- LBH Netherlands Bv - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- IEA Clean Coal Centre - UK
- Videocon Industries ltd - India
- Globalindo Alam Lestari - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Indonesian Coal Mining Association
- The University of Queensland
- European Bulk Services B.V. - Netherlands
- Coalindo Energy - Indonesia
- SN Aboitiz Power Inc, Philippines
- GMR Energy Limited - India
- Kepco SPC Power Corporation, Philippines
- Therma Luzon, Inc, Philippines
- Rio Tinto Coal - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- McConnell Dowell - Australia
- Dalmia Cement Bharat India
- Vizag Seaport Private Limited - India
- Energy Development Corp, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- New Zealand Coal & Carbon
- Altura Mining Limited, Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Binh Thuan Hamico - Vietnam
- Alfred C Toepfer International GmbH - Germany
- Karaikal Port Pvt Ltd - India
- Mercuria Energy - Indonesia
- Essar Steel Hazira Ltd - India
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Bhushan Steel Limited - India
- Indian Energy Exchange, India
- Meenaskhi Energy Private Limited - India
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
- Orica Mining Services - Indonesia
- Price Waterhouse Coopers - Russia
- Central Electricity Authority - India
- Holcim Trading Pte Ltd - Singapore
- Renaissance Capital - South Africa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Pendopo Energi Batubara - Indonesia
- Orica Australia Pty. Ltd.
- Indogreen Group - Indonesia
- Cement Manufacturers Association - India
- Makarim & Taira - Indonesia
- Kobexindo Tractors - Indoneisa
- Xindia Steels Limited - India
- Miang Besar Coal Terminal - Indonesia
- Petron Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Minerals Council of Australia
- Global Coal Blending Company Limited - Australia
- Jorong Barutama Greston.PT - Indonesia
- Jaiprakash Power Ventures ltd
- Coal and Oil Company - UAE
- Sakthi Sugars Limited - India
- Meralco Power Generation, Philippines
- Standard Chartered Bank - UAE
- Power Finance Corporation Ltd., India
- Vijayanagar Sugar Pvt Ltd - India
- Port Waratah Coal Services - Australia
- Deloitte Consulting - India
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