COALspot.com keeps you connected across the coal world

Submit Your Articles
We welcome article submissions from experts in the areas of coal, mining, shipping, etc.

To Submit your article please click here.

International Energy Events


Search News
Latest CoalNews Headlines
Wednesday, 04 December 19
FITCH RATINGS: CASH FLOW GENERATION TO SLOW DOWN FOR INDONESIAN COAL MINERS
FITCH RATINGSFitch Ratings' negative outlook on the Indonesian coal-mining sector reflects our view of weaker cash flow generation on account of declining coal prices. Fitch has revised down its mid-cycle coal-price assumptions, and expects USD80 and USD73 for Qinghuangdao 5,500kcal/kg and Australia Newcastle 6,000kcal/kg thermal coal, respectively, in 2020 (2019E: USD86 and USD77). We expect capex intensity to remain low for the sector; however, acquisitions might pick up in 2020, leading to higher leverage. Profitability is also likely to remain low, in light of weaker coal prices.
 
Fitch's stable rating outlook reflects the outlook for the majority of our rated entities: PT ABM Investama Tbk (B+) and Geo Energy Resources Limited (B-) are on Negative Outlook, reflecting the entity-specific weaknesses which could be stretched further in the weaker-coal-price scenario.
 
According to Fitch Ratings, the impact of lower profitability on credit metrics would be partially offset by volume ramp-up by some entities, such as PT Golden Energy Mines Tbk (B+/Stable) and PT Bayan Resources Tbk (BB-/Stable), where both have adequate reserve lives similar to other bigger players such as PT Adaro Energy (BBB-/Stable) and PT Indika Energy Tbk (BB-/Stable). We expect declining reserves to remain an issue for Geo Energy, which might also trigger a put option of its bonds in the absence of any acquisition. ABM's reserve quality is also deteriorating as reserves from its key mine are likely to fully deplete in the next two to three years.
 
Fitch Ratings further noted that, regulatory risks remain a potential disrupting factor in Indonesia, but Fitch considers any major changes to regulation as an event risk. We believe the two rated coal-miners - Adaro and Indika - which have their Coal Contracts of Work (CCoW) expiring in 2022 and 2023, respectively, will be able to satisfy the conversion guidelines.


If you believe an article violates your rights or the rights of others, please contact us.

Recent News

Friday, 06 September 24
REBOUND IN OIL DEMAND COULD LIFT MARKET IN LATTER HALF OF 2024 - BIMCO
Supply/demand  Based on a strong second half demand, the supply/balance is forecast to strengthen in 2024 but weaken slightly in 2025 as n ...


Friday, 06 September 24
GLOBAL SEABORNE LNG TRADE HAS CONTINUED TO INCREASE LAST YEAR - BANCHERO COSTA
Global seaborne LNG trade has continued to increase last year, helped also by the events in Ukraine which forced Europe to diversify away from Russ ...


Wednesday, 28 August 24
SEABORNE COAL IMPORTS INTO INDIA INCREASED BY +9.9% Y-O-Y TO 146.6 MLN T - BANCHERO COSTA
Global coal trade has really picked up pace over the past year, and is now fully back to pre-Covid levels said Banchero Costa Research in its lates ...


Tuesday, 06 August 24
EXERCISE CAUTION WITH AMMONIA SWITCH - BALTIC EXCHANGE
A new study from the Massachusetts Institute of Technology (MIT) has thrown a spanner into the plan to transition ships from diesel fuel to ammonia ...


Friday, 02 August 24
ENERGY MARKET DEVELOPMENTS: COAL AND NATURAL GAS PRICES REACH RECORD HIGHS - WORLD BANK
The recent surge in natural gas and coal prices has been so swift that the main benchmarks were roughly three times higher in 2022Q2 compared to a ...


   1 2 3 4 5   
Showing 1 to 5 news of total 6871
News by Category
Popular News
 
Total Members : 28,622
Member
Panelist
User ID
Password
Remember Me
By logging on you accept our TERMS OF USE.
Free
Register
Forgot Password
 
Our Members Are From ...

  • Cement Manufacturers Association - India
  • Coal India Limited
  • European Bulk Services B.V. - Netherlands
  • Filglen & Citicon Mining (HK) Ltd - Hong Kong
  • OPG Power Generation Pvt Ltd - India
  • Platts
  • Kobexindo Tractors - Indoneisa
  • Enel Italy
  • Formosa Plastics Group - Taiwan
  • CESC Limited - India
  • Indian Energy Exchange, India
  • Merrill Lynch Commodities Europe
  • Riau Bara Harum - Indonesia
  • UOB Asia (HK) Ltd
  • Panama Canal Authority
  • Kideco Jaya Agung - Indonesia
  • Sree Jayajothi Cements Limited - India
  • Indonesia Power. PT
  • Adani Power Ltd - India
  • Thiess Contractors Indonesia
  • Merrill Lynch Bank
  • Kalimantan Lumbung Energi - Indonesia
  • KPMG - USA
  • World Coal - UK
  • Bukit Baiduri Energy - Indonesia
  • DBS Bank - Singapore
  • Core Mineral Indonesia
  • Indogreen Group - Indonesia
  • Miang Besar Coal Terminal - Indonesia
  • CCIC - Indonesia
  • Bulk Trading Sa - Switzerland
  • Freeport Indonesia
  • Central Electricity Authority - India
  • Tanito Harum - Indonesia
  • Eastern Energy - Thailand
  • Rashtriya Ispat Nigam Limited - India
  • Russian Coal LLC
  • Kumho Petrochemical, South Korea
  • Lafarge - France
  • Samsung - South Korea
  • Billiton Holdings Pty Ltd - Australia
  • Mintek Dendrill Indonesia
  • Japan Coal Energy Center
  • Meralco Power Generation, Philippines
  • Fearnleys - India
  • Petron Corporation, Philippines
  • Clarksons - UK
  • PNOC Exploration Corporation - Philippines
  • NALCO India
  • Asian Development Bank
  • Credit Suisse - India
  • Australian Coal Association
  • Thailand Anthracite
  • Coastal Gujarat Power Limited - India
  • Semirara Mining Corp, Philippines
  • Shenhua Group - China
  • VISA Power Limited - India
  • Reliance Power - India
  • Gresik Semen - Indonesia
  • ICICI Bank Limited - India
  • ING Bank NV - Singapore
  • Indian School of Mines
  • Leighton Contractors Pty Ltd - Australia
  • Petrochimia International Co. Ltd.- Taiwan
  • SN Aboitiz Power Inc, Philippines
  • Kapuas Tunggal Persada - Indonesia
  • Adaro Indonesia
  • Bhoruka Overseas - Indonesia
  • GVK Power & Infra Limited - India
  • Ind-Barath Power Infra Limited - India
  • Bahari Cakrawala Sebuku - Indonesia
  • MEC Coal - Indonesia
  • Edison Trading Spa - Italy
  • London Commodity Brokers - England
  • Noble Europe Ltd - UK
  • Sindya Power Generating Company Private Ltd
  • Price Waterhouse Coopers - Russia
  • Glencore India Pvt. Ltd
  • Siam City Cement PLC, Thailand
  • Mitra SK Pvt Ltd - India
  • LBH Netherlands Bv - Netherlands
  • Infraline Energy - India
  • Mjunction Services Limited - India
  • Dong Bac Coal Mineral Investment Coporation - Vietnam
  • Jaiprakash Power Ventures ltd
  • Carbofer General Trading SA - India
  • KOWEPO - South Korea
  • Asia Pacific Energy Resources Ventures Inc, Philippines
  • Binh Thuan Hamico - Vietnam
  • Coaltrans Conferences
  • Thai Mozambique Logistica
  • Attock Cement Pakistan Limited
  • globalCOAL - UK
  • Ambuja Cements Ltd - India
  • Oldendorff Carriers - Singapore
  • Bank of China, Malaysia
  • Thomson Reuters GRC
  • Maruti Cements - India
  • Kohat Cement Company Ltd. - Pakistan
  • Krishnapatnam Port Company Ltd. - India
  • Sarangani Energy Corporation, Philippines
  • Surastha Cement
  • Indorama - Singapore
  • Thermax Limited - India
  • Georgia Ports Authority, United States
  • Arutmin Indonesia
  • KEPCO - South Korea
  • Romanian Commodities Exchange
  • Larsen & Toubro Limited - India
  • Makarim & Taira - Indonesia
  • Jindal Steel & Power Ltd - India
  • Metalloyd Limited - United Kingdom
  • bp singapore
  • Barclays Capital - USA
  • Coalindo Energy - Indonesia
  • PowerSource Philippines DevCo
  • Parry Sugars Refinery, India
  • Global Green Power PLC Corporation, Philippines
  • Vizag Seaport Private Limited - India
  • TRAFIGURA, South Korea
  • Indika Energy - Indonesia
  • EIA - United States
  • Directorate General of MIneral and Coal - Indonesia
  • Bank of America
  • Orica Australia Pty. Ltd.
  • GN Power Mariveles Coal Plant, Philippines
  • GAC Shipping (India) Pvt Ltd
  • Karbindo Abesyapradhi - Indoneisa
  • GNFC Limited - India
  • SMG Consultants - Indonesia
  • Ceylon Electricity Board - Sri Lanka
  • Essar Steel Hazira Ltd - India
  • KPCL - India
  • Electricity Authority, New Zealand
  • Deloitte Consulting - India
  • Gujarat Sidhee Cement - India
  • Karaikal Port Pvt Ltd - India
  • EMO - The Netherlands
  • Platou - Singapore
  • Gujarat Mineral Development Corp Ltd - India
  • Samtan Co., Ltd - South Korea
  • Salva Resources Pvt Ltd - India
  • BNP Paribas - Singapore
  • Australian Commodity Traders Exchange
  • Argus Media - Singapore
  • Chettinad Cement Corporation Ltd - India
  • The Treasury - Australian Government
  • Asia Cement - Taiwan
  • Timah Investasi Mineral - Indoneisa
  • Anglo American - United Kingdom
  • Bangladesh Power Developement Board
  • Madhucon Powers Ltd - India
  • OCBC - Singapore
  • Maersk Broker
  • Malco - India
  • Bukit Asam (Persero) Tbk - Indonesia
  • Rudhra Energy - India
  • ACC Limited - India
  • IMC Shipping - Singapore
  • Qatrana Cement - Jordan
  • Geoservices-GeoAssay Lab
  • Vale Mozambique
  • Moodys - Singapore
  • J M Baxi & Co - India
  • Power Finance Corporation Ltd., India
  • Toyota Tsusho Corporation, Japan
  • GB Group - China
  • Agrawal Coal Company - India
  • Coeclerici Indonesia
  • APGENCO India
  • Videocon Industries ltd - India
  • Medco Energi Mining Internasional
  • Electricity Generating Authority of Thailand
  • JPMorgan - India
  • Kaltim Prima Coal - Indonesia
  • Aboitiz Power Corporation - Philippines
  • Pinang Coal Indonesia
  • International Coal Ventures Pvt Ltd - India
  • SRK Consulting
  • Jatenergy - Australia
  • Renaissance Capital - South Africa
  • Manunggal Multi Energi - Indonesia
  • Maheswari Brothers Coal Limited - India
  • Grasim Industreis Ltd - India
  • Planning Commission, India
  • Chamber of Mines of South Africa
  • Orica Mining Services - Indonesia
  • Offshore Bulk Terminal Pte Ltd, Singapore
  • Shree Cement - India
  • Straits Asia Resources Limited - Singapore
  • AsiaOL BioFuels Corp., Philippines
  • Tata Chemicals Ltd - India
  • Bayan Resources Tbk. - Indonesia
  • Energy Link Ltd, New Zealand
  • Britmindo - Indonesia
  • Ministry of Transport, Egypt
  • SMC Global Power, Philippines
  • Interocean Group of Companies - India
  • Tamil Nadu electricity Board
  • Globalindo Alam Lestari - Indonesia
  • SASOL - South Africa
  • Global Coal Blending Company Limited - Australia
  • Maharashtra Electricity Regulatory Commission - India
  • Pendopo Energi Batubara - Indonesia
  • Deutsche Bank - India
  • Baramulti Group, Indonesia
  • Semirara Mining and Power Corporation, Philippines
  • ASAPP Information Group - India
  • Ernst & Young Pvt. Ltd.
  • TeaM Sual Corporation - Philippines
  • U S Energy Resources
  • Sojitz Corporation - Japan
  • NTPC Limited - India
  • Ministry of Finance - Indonesia
  • Central Java Power - Indonesia
  • Peabody Energy - USA
  • Wilmar Investment Holdings
  • San Jose City I Power Corp, Philippines
  • Bhatia International Limited - India
  • ETA - Dubai
  • IBC Asia (S) Pte Ltd
  • Kartika Selabumi Mining - Indonesia
  • Asmin Koalindo Tuhup - Indonesia
  • The India Cements Ltd
  • White Energy Company Limited
  • Intertek Mineral Services - Indonesia
  • Bharathi Cement Corporation - India
  • Aditya Birla Group - India
  • Star Paper Mills Limited - India
  • Humpuss - Indonesia
  • Bank of Tokyo Mitsubishi UFJ Ltd
  • SGS (Thailand) Limited
  • PLN - Indonesia
  • McKinsey & Co - India
  • Cemex - Philippines
  • RBS Sempra - UK
  • Gupta Coal India Ltd
  • GHCL Limited - India
  • Dalmia Cement Bharat India
  • Siam City Cement - Thailand
  • BRS Brokers - Singapore
  • IOL Indonesia
  • Mechel - Russia
  • Africa Commodities Group - South Africa
  • Sucofindo - Indonesia
  • World Bank
  • Singapore Mercantile Exchange
  • Xindia Steels Limited - India
  • Therma Luzon, Inc, Philippines
  • Total Coal South Africa
  • Banpu Public Company Limited - Thailand
  • Ministry of Mines - Canada
  • WorleyParsons
  • Parliament of New Zealand
  • Mercuria Energy - Indonesia
  • Mitsui
  • Goldman Sachs - Singapore
  • Rio Tinto Coal - Australia
  • Thriveni
  • Port Waratah Coal Services - Australia
  • Simpson Spence & Young - Indonesia
  • Lanco Infratech Ltd - India
  • Maybank - Singapore
  • Uttam Galva Steels Limited - India
  • Vedanta Resources Plc - India
  • Iligan Light & Power Inc, Philippines
  • Coal Orbis AG
  • PTC India Limited - India
  • The University of Queensland
  • Sical Logistics Limited - India
  • Minerals Council of Australia
  • TANGEDCO India
  • JPower - Japan
  • Xstrata Coal
  • Sinarmas Energy and Mining - Indonesia
  • Marubeni Corporation - India
  • Eastern Coal Council - USA
  • New Zealand Coal & Carbon
  • PetroVietnam
  • Meenaskhi Energy Private Limited - India
  • Antam Resourcindo - Indonesia
  • UBS Singapore
  • Petrosea - Indonesia
  • Altura Mining Limited, Indonesia
  • McConnell Dowell - Australia
  • TNB Fuel Sdn Bhd - Malaysia
  • Pipit Mutiara Jaya. PT, Indonesia
  • Bukit Makmur.PT - Indonesia
  • Gujarat Electricity Regulatory Commission - India
  • Cigading International Bulk Terminal - Indonesia
  • TNPL - India
  • Mercator Lines Limited - India
  • SUEK AG - Indonesia
  • Posco Energy - South Korea
  • Berau Coal - Indonesia
  • TGV SRAAC LIMITED, India
  • Savvy Resources Ltd - HongKong
  • Sakthi Sugars Limited - India
  • Malabar Cements Ltd - India
  • Indian Oil Corporation Limited
  • HSBC - Hong Kong
  • Inco-Indonesia
  • CNBM International Corporation - China
  • ANZ Bank - Australia
  • Jorong Barutama Greston.PT - Indonesia
  • Cargill India Pvt Ltd
  • Holcim Trading Pte Ltd - Singapore
  • Arch Coal - USA
  • MS Steel International - UAE
  • Economic Council, Georgia
  • Standard Chartered Bank - UAE
  • Idemitsu - Japan
  • Cardiff University - UK
  • Independent Power Producers Association of India
  • CoalTek, United States
  • Energy Development Corp, Philippines
  • Commonwealth Bank - Australia
  • Dr Ramakrishna Prasad Power Pvt Ltd - India
  • Vitol - Bahrain
  • Trasteel International SA, Italy
  • Latin American Coal - Colombia
  • Cosco
  • Neyveli Lignite Corporation Ltd, - India
  • CIMB Investment Bank - Malaysia
  • Barasentosa Lestari - Indonesia
  • Coal and Oil Company - UAE
  • South Luzon Thermal Energy Corporation
  • Runge Indonesia
  • Indonesian Coal Mining Association
  • PetroVietnam Power Coal Import and Supply Company
  • India Bulls Power Limited - India
  • Kobe Steel Ltd - Japan
  • Directorate Of Revenue Intelligence - India
  • Bangkok Bank PCL
  • PLN Batubara - Indonesia
  • Cebu Energy, Philippines
  • Indo Tambangraya Megah - Indonesia
  • IEA Clean Coal Centre - UK
  • Truba Alam Manunggal Engineering.Tbk - Indonesia
  • The State Trading Corporation of India Ltd
  • Kepco SPC Power Corporation, Philippines
  • Borneo Indobara - Indonesia
  • Wood Mackenzie - Singapore
  • IHS Mccloskey Coal Group - USA
  • Tata Power - India
  • Bhushan Steel Limited - India
  • Heidelberg Cement - Germany
  • Vijayanagar Sugar Pvt Ltd - India
  • Global Business Power Corporation, Philippines
  • Permata Bank - Indonesia
  • Mitsubishi Corporation
  • Inspectorate - India
  • Alfred C Toepfer International GmbH - Germany
  • GMR Energy Limited - India
  • Ince & co LLP