We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Tuesday, 09 September 14
WEAK M&A DESPITE ABUNDANT DISTRESSED INDONESIA COAL ASSETS - FITCH RATINGS
 COALspot.com: Fitch Ratings says that a meaningful level of merger and acquisition (M&A) activity leading to a consolidation of the coal sector in Indonesia is unlikely, despite the substantial number of distressed coal companies in the country. Sustained weakness in demand and an uncertain price outlook for Asian thermal coal have prompted the larger coal companies in Indonesia to preserve liquidity and focus on maximising returns from existing projects.
Coal prices have fallen by about 40% from the average prices in 2011, and are not expected to see any material improvement in the next 12-24 months, due to weak import demand from China and strong supply globally.
The larger Indonesian coal miners have already incurred sizable investments in greenfield and brownfield coal projects in the past two to three years, and now have large undeveloped resources. Fitch believes capex will be mostly limited to expanding production of existing assets and bringing some of the economically viable resources to production readiness. Investment spending by these companies on new coal assets will be muted until there is a meaningful recovery in coal prices.
Fitch believes any M&A will be limited to assets that can be relatively easily integrated into existing operations of potential suitors or mines than can be integrated with potential mine-mouth power generation projects supplying to the national grid based on long-term power purchase agreements. We also believe there could be some interest from overseas power generation companies, such as from India, to support their coal requirements in the home market. However, we believe such opportunities are limited compared to the number of distressed coal assets in Indonesia.
An additional obstacle for M&A is regulatory risk. These include national production (or export) caps, increased royalties for the newer (Izin Usaha Pertambangan/IUP) coal license holders (which make up the largest share of the distressed assets). Furthermore, most available greenfield mines are located in Sumatera, which generally contains low calorific value (CV) coals.
Presently, low CV coals face a higher degree of uncertainty in terms of pricing, given a potential ban (or punitive import taxes) on the import of these into China. Given the low energy content and higher investments required for logistics, monetising Sumatran coal has become increasingly more challenging.
Given the weak market conditions and outlook, access to funding, including bank debt and debt capital markets, has also been challenged, except for a very few large, profitable coal producers in Indonesia. This too is proving to be a constraining factor for consolidation.
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 07 October 14
API 8 CFR SOUTH CHINA COAL SWAP HEADED SOUTH
COALspot.com: API 8 CFR South China Coal swap for delivery in November 2014 decreased US$ 1.10 (-1.64%) month over month and US$ 0.25 (-0.38%) ...
Monday, 06 October 14
' COAL-BY-WIRE' FROM SUMATRA TO JAVA - THE JAKARTA POST
Coal from the island of Sumatra accounts for most of Indonesia’s low-grade lignite, a low-quality coal that receives a poor price in internat ...
Monday, 06 October 14
THE IRON ORE SHIPPING BUSINESS IS FACING SOME ROUGH SEAS - EAST ASIA FORUM
The impact of Chinese demand on global iron ore prices is well known. A less acknowledged consequence of China’s emergence is the transformat ...
Sunday, 05 October 14
BALTIC DRY INDEX SLIPS 1.14%; BALTIC PANAMAX INDEX GAINED 9.91% WEEK ON WEEK
COALspot.com: The BDI was down by 1.14 pct and closed at 1037 points this Friday.
The Cape index was down significantly week on week or lost 5 ...
Friday, 03 October 14
U.S. WEEKLY COAL PRODUCTION UP 5.8% TO 19.9 MMST
COALspot.com – United States the world's one of largest coal producers, produced approximately 19.9 million short tons (mmst) of co ...
|
|
|
Showing 3451 to 3455 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Port Waratah Coal Services - Australia
- Kepco SPC Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Aboitiz Power Corporation - Philippines
- India Bulls Power Limited - India
- Simpson Spence & Young - Indonesia
- Chettinad Cement Corporation Ltd - India
- European Bulk Services B.V. - Netherlands
- Kobexindo Tractors - Indoneisa
- Kaltim Prima Coal - Indonesia
- Central Electricity Authority - India
- Videocon Industries ltd - India
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
- CNBM International Corporation - China
- Africa Commodities Group - South Africa
- Bukit Asam (Persero) Tbk - Indonesia
- South Luzon Thermal Energy Corporation
- Sree Jayajothi Cements Limited - India
- Binh Thuan Hamico - Vietnam
- Australian Coal Association
- Asmin Koalindo Tuhup - Indonesia
- SMG Consultants - Indonesia
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- Oldendorff Carriers - Singapore
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Medco Energi Mining Internasional
- Kalimantan Lumbung Energi - Indonesia
- Mercator Lines Limited - India
- Bangladesh Power Developement Board
- Merrill Lynch Commodities Europe
- Tata Chemicals Ltd - India
- Bulk Trading Sa - Switzerland
- PowerSource Philippines DevCo
- Georgia Ports Authority, United States
- Parry Sugars Refinery, India
- Vizag Seaport Private Limited - India
- Xindia Steels Limited - India
- Trasteel International SA, Italy
- Orica Mining Services - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Standard Chartered Bank - UAE
- Posco Energy - South Korea
- Interocean Group of Companies - India
- Vedanta Resources Plc - India
- Mintek Dendrill Indonesia
- Meralco Power Generation, Philippines
- Ministry of Finance - Indonesia
- Jindal Steel & Power Ltd - India
- Coastal Gujarat Power Limited - India
- Makarim & Taira - Indonesia
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Intertek Mineral Services - Indonesia
- Ind-Barath Power Infra Limited - India
- Kartika Selabumi Mining - Indonesia
- PTC India Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Sarangani Energy Corporation, Philippines
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Indian Oil Corporation Limited
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- Mercuria Energy - Indonesia
- Sical Logistics Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Jaiprakash Power Ventures ltd
- Barasentosa Lestari - Indonesia
- Electricity Authority, New Zealand
- Leighton Contractors Pty Ltd - Australia
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- The State Trading Corporation of India Ltd
- Ambuja Cements Ltd - India
- Attock Cement Pakistan Limited
- Singapore Mercantile Exchange
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
- Vijayanagar Sugar Pvt Ltd - India
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Ministry of Mines - Canada
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- International Coal Ventures Pvt Ltd - India
- Renaissance Capital - South Africa
- Carbofer General Trading SA - India
- Independent Power Producers Association of India
- Karbindo Abesyapradhi - Indoneisa
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- IHS Mccloskey Coal Group - USA
- Meenaskhi Energy Private Limited - India
- Latin American Coal - Colombia
- Toyota Tsusho Corporation, Japan
- Tamil Nadu electricity Board
- San Jose City I Power Corp, Philippines
- Bukit Baiduri Energy - Indonesia
- Marubeni Corporation - India
- The University of Queensland
- Krishnapatnam Port Company Ltd. - India
- Sojitz Corporation - Japan
- Maharashtra Electricity Regulatory Commission - India
- McConnell Dowell - Australia
- Heidelberg Cement - Germany
- Iligan Light & Power Inc, Philippines
- Chamber of Mines of South Africa
- Star Paper Mills Limited - India
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Sindya Power Generating Company Private Ltd
- Larsen & Toubro Limited - India
- Cigading International Bulk Terminal - Indonesia
- Siam City Cement - Thailand
- Aditya Birla Group - India
- Antam Resourcindo - Indonesia
- Siam City Cement PLC, Thailand
- Bharathi Cement Corporation - India
- Planning Commission, India
- GVK Power & Infra Limited - India
- Madhucon Powers Ltd - India
- Global Coal Blending Company Limited - Australia
- Edison Trading Spa - Italy
- Anglo American - United Kingdom
- PetroVietnam Power Coal Import and Supply Company
- Minerals Council of Australia
- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- Parliament of New Zealand
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- Price Waterhouse Coopers - Russia
- Rashtriya Ispat Nigam Limited - India
- Billiton Holdings Pty Ltd - Australia
- Sinarmas Energy and Mining - Indonesia
- New Zealand Coal & Carbon
- Wood Mackenzie - Singapore
- VISA Power Limited - India
- Uttam Galva Steels Limited - India
- Australian Commodity Traders Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Petrochimia International Co. Ltd.- Taiwan
- Bhoruka Overseas - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Therma Luzon, Inc, Philippines
- Deloitte Consulting - India
- Timah Investasi Mineral - Indoneisa
- Agrawal Coal Company - India
- Directorate Of Revenue Intelligence - India
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- The Treasury - Australian Government
- Malabar Cements Ltd - India
- Altura Mining Limited, Indonesia
- Metalloyd Limited - United Kingdom
- Savvy Resources Ltd - HongKong
- PNOC Exploration Corporation - Philippines
- Thiess Contractors Indonesia
- Economic Council, Georgia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- Bayan Resources Tbk. - Indonesia
- Thai Mozambique Logistica
- ASAPP Information Group - India
- Formosa Plastics Group - Taiwan
- Maheswari Brothers Coal Limited - India
- Mjunction Services Limited - India
- OPG Power Generation Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Globalindo Alam Lestari - Indonesia
- Baramulti Group, Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Borneo Indobara - Indonesia
- Riau Bara Harum - Indonesia
- Miang Besar Coal Terminal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Energy Development Corp, Philippines
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Bhatia International Limited - India
- Indogreen Group - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Rio Tinto Coal - Australia
- Global Green Power PLC Corporation, Philippines
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Lanco Infratech Ltd - India
- Kumho Petrochemical, South Korea
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Eastern Coal Council - USA
- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- Grasim Industreis Ltd - India
- Dalmia Cement Bharat India
- Straits Asia Resources Limited - Singapore
- Ministry of Transport, Egypt
- Karaikal Port Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- Power Finance Corporation Ltd., India
|
| |
| |
|
