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Monday, 16 December 19
THE OUTLOOK FOR U.S. THERMAL COAL IS INCREASINGLY STRESSED - MOODY'S
 - Slowing global economic growth, trade tensions will continue to exert influence
- Coal's secular decline will persist in 2020
Moody's Investors Service maintains negative 2020 outlooks for the US coal and US steel industries and a stable outlook for the global base metals sector, amid slowing economic growth and trade frictions, the rating agency says in its annual report.
The stable outlook for global base metals is driven by supply/demand fundamentals despite weaker GDP rates and lower Purchasing Managers Indexes (PMIs). However, a challenging macro operating environment warrants some caution for the sector.
"Geopolitical and economic concerns as well as trade tensions will once again overshadow the global base metals markets in 2020, continuing the pressures experienced as 2019 as deceleration in global economies took hold," says Carol Cowan, Moody's Senior Vice President. "ESG considerations will also continue to increase in visibility, demanding more transparency and improvement from the industry."
Moody's negative outlook for the US steel industry reflects its expectation that weaker fundamentals will hold in 2020, prices will not rebound significantly and planned new capacity will weigh on market sentiment.
"It's a tale of 2 steels – EAF producers will continue to benefit from lower scrap costs, helping mitigate lower realized steel prices, while blast furnace producers will continue to face higher iron ore costs and likely-increasing costs related to environmental compliance," says Cowan.
Meanwhile, Moody's expects US coal producers' cumulative EBITDA to decline by more than 3% over the next 12 months, due to a substantive decrease in export prices in 2019 among other factors.
"The outlook for thermal coal is increasingly stressed, with ESG factors weighing heavily on demand from utilities," says Benjamin Nelson, Moody's VP-Senior Credit Officer. "Our long-term outlook for North American thermal coal calls for a substantial volume reduction over the next decade, driven by utilities switching to natural gas, where we expect prices will remain low, and renewable energy, which still benefit from government subsidies."
Moody's outlooks for 2020 consider fundamental credit conditions that will affect sectors for the next 12-18 months.
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Wednesday, 30 June 21
BUMA SIGNED MINING AGREEMENT WITH ADARO
PT Delta Dunia Makmur Tbk. announced that its subsidiary, PT Bukit Makmur Mandiri Utama ("BUMA"), has entered into an agreement for the p ...
Wednesday, 30 June 21
MARKET INSIGHT - INTERMODAL
The strong freight performance since the beginning of year has continued for the dry bulk market with earnings being at the highest level in over a ...
Monday, 28 June 21
MINISTRY OF ENERGY AND MINERAL RESOURCES OF INDONESIA THREATENS TO REVOKE 2,350 MINING BUSINESS PERMITS
The Ministry of Energy and Mineral Resources said that the revocation of mining business permits was in accordance with President Jokowi's inst ...
Sunday, 27 June 21
INDONESIA'S STATE-OWNED UTILITY PLN'S 2060 NET ZERO AMBITION NOT WITHOUT FLAWS AND GAPS - IEEFA
Indonesia on the right emissions reduction pathway but same old coal stories persist
Recent announcements by Indonesia’s state-owned uti ...
Saturday, 26 June 21
COAL PRICES HIT DECADE HIGH DESPITE EFFORTS TO WEAN THE WORLD OFF CARBON - WSJ
Rebounding electricity usage and scanty rainfall in China have added fuel to the rally
Coal prices have climbed to their highest lev ...
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- Lanco Infratech Ltd - India
- Attock Cement Pakistan Limited
- Global Business Power Corporation, Philippines
- Heidelberg Cement - Germany
- Uttam Galva Steels Limited - India
- Sakthi Sugars Limited - India
- Trasteel International SA, Italy
- Indogreen Group - Indonesia
- Price Waterhouse Coopers - Russia
- SMG Consultants - Indonesia
- Binh Thuan Hamico - Vietnam
- Marubeni Corporation - India
- McConnell Dowell - Australia
- MS Steel International - UAE
- Jaiprakash Power Ventures ltd
- Timah Investasi Mineral - Indoneisa
- Electricity Generating Authority of Thailand
- Kepco SPC Power Corporation, Philippines
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- Manunggal Multi Energi - Indonesia
- South Luzon Thermal Energy Corporation
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Sinarmas Energy and Mining - Indonesia
- Mjunction Services Limited - India
- Leighton Contractors Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- London Commodity Brokers - England
- Xindia Steels Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- VISA Power Limited - India
- LBH Netherlands Bv - Netherlands
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- Bangladesh Power Developement Board
- Simpson Spence & Young - Indonesia
- Oldendorff Carriers - Singapore
- Bukit Makmur.PT - Indonesia
- Chamber of Mines of South Africa
- Thai Mozambique Logistica
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Carbofer General Trading SA - India
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- White Energy Company Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jindal Steel & Power Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- Gujarat Electricity Regulatory Commission - India
- Krishnapatnam Port Company Ltd. - India
- Larsen & Toubro Limited - India
- Cigading International Bulk Terminal - Indonesia
- Indian Oil Corporation Limited
- Bulk Trading Sa - Switzerland
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Mineral Development Corp Ltd - India
- Mercator Lines Limited - India
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Billiton Holdings Pty Ltd - Australia
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- Gujarat Sidhee Cement - India
- Medco Energi Mining Internasional
- Kideco Jaya Agung - Indonesia
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Antam Resourcindo - Indonesia
- Therma Luzon, Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Eastern Energy - Thailand
- Grasim Industreis Ltd - India
- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- PTC India Limited - India
- Aditya Birla Group - India
- Chettinad Cement Corporation Ltd - India
- TeaM Sual Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Aboitiz Power Corporation - Philippines
- Interocean Group of Companies - India
- Independent Power Producers Association of India
- Bayan Resources Tbk. - Indonesia
- Australian Commodity Traders Exchange
- Semirara Mining Corp, Philippines
- Ind-Barath Power Infra Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Agrawal Coal Company - India
- Energy Link Ltd, New Zealand
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Cement Manufacturers Association - India
- Rashtriya Ispat Nigam Limited - India
- GMR Energy Limited - India
- Tata Chemicals Ltd - India
- Banpu Public Company Limited - Thailand
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- Mintek Dendrill Indonesia
- Wilmar Investment Holdings
- Mercuria Energy - Indonesia
- IEA Clean Coal Centre - UK
- Metalloyd Limited - United Kingdom
- Iligan Light & Power Inc, Philippines
- Power Finance Corporation Ltd., India
- Maheswari Brothers Coal Limited - India
- Kartika Selabumi Mining - Indonesia
- Bhatia International Limited - India
- Asmin Koalindo Tuhup - Indonesia
- India Bulls Power Limited - India
- Kumho Petrochemical, South Korea
- IHS Mccloskey Coal Group - USA
- Latin American Coal - Colombia
- Ambuja Cements Ltd - India
- Global Green Power PLC Corporation, Philippines
- Posco Energy - South Korea
- Semirara Mining and Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- Neyveli Lignite Corporation Ltd, - India
- Ministry of Mines - Canada
- Karaikal Port Pvt Ltd - India
- Ceylon Electricity Board - Sri Lanka
- ICICI Bank Limited - India
- The Treasury - Australian Government
- Central Electricity Authority - India
- CNBM International Corporation - China
- Vijayanagar Sugar Pvt Ltd - India
- Indian Energy Exchange, India
- Anglo American - United Kingdom
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Star Paper Mills Limited - India
- Port Waratah Coal Services - Australia
- Toyota Tsusho Corporation, Japan
- Deloitte Consulting - India
- Renaissance Capital - South Africa
- Vizag Seaport Private Limited - India
- Wood Mackenzie - Singapore
- Sojitz Corporation - Japan
- Minerals Council of Australia
- GAC Shipping (India) Pvt Ltd
- Sical Logistics Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- Romanian Commodities Exchange
- Directorate General of MIneral and Coal - Indonesia
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Merrill Lynch Commodities Europe
- PNOC Exploration Corporation - Philippines
- GVK Power & Infra Limited - India
- Eastern Coal Council - USA
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- Australian Coal Association
- Planning Commission, India
- Rio Tinto Coal - Australia
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Pipit Mutiara Jaya. PT, Indonesia
- Videocon Industries ltd - India
- Kalimantan Lumbung Energi - Indonesia
- SMC Global Power, Philippines
- Indika Energy - Indonesia
- Indonesian Coal Mining Association
- Georgia Ports Authority, United States
- Bukit Asam (Persero) Tbk - Indonesia
- Essar Steel Hazira Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- Savvy Resources Ltd - HongKong
- Coalindo Energy - Indonesia
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Sindya Power Generating Company Private Ltd
- Economic Council, Georgia
- PowerSource Philippines DevCo
- San Jose City I Power Corp, Philippines
- Bharathi Cement Corporation - India
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- International Coal Ventures Pvt Ltd - India
- Energy Development Corp, Philippines
- Sarangani Energy Corporation, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Samtan Co., Ltd - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Parry Sugars Refinery, India
- Electricity Authority, New Zealand
- Bank of Tokyo Mitsubishi UFJ Ltd
- SN Aboitiz Power Inc, Philippines
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Riau Bara Harum - Indonesia
- Baramulti Group, Indonesia
- AsiaOL BioFuels Corp., Philippines
- Miang Besar Coal Terminal - Indonesia
- Orica Mining Services - Indonesia
- New Zealand Coal & Carbon
- Ministry of Transport, Egypt
- Parliament of New Zealand
- OPG Power Generation Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Barasentosa Lestari - Indonesia
- Kaltim Prima Coal - Indonesia
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