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Sunday, 01 November 20
GRADUAL RECOVERY FOR INDONESIAN COAL FROM 4Q20; RISKS REMAIN - FITCH RATINGS
 Fitch Ratings expects the credit metrics of Indonesian coal miners and coal contractors to improve from 4Q20 with the recovery in volumes and prices. Fitch also expects the recovery to continue into 2021, as we do not envisage a second round of strict lockdowns.
Fitch has revised its full-year coal-price assumptions, and also assumes lower volumes of 84%-89% of 2019 levels in 2020, reflecting weaker seaborne coal demand, before recovering gradually in 2021. There are further downside risks to volumes beyond our estimates, from a sustained weakness in coal prices.
Fitch also said, credit metrics of most Indonesian miners and contractors are likely to decline in 2020 close to - or beyond - our negative rating action triggers, affected by lower profitability and weaker volumes before recovering in 2021. Recurring sporadic lockdowns are likely to delay revival in economic growth, and in turn hurt demand for coal in key import markets.
Fitch also said, we envisage the ratings on most of the Indonesian coal companies to be at risk if the current weak coal price and demand environment continues into 2021. PT Bukit Makmur Mandiri Utama (BUMA, BB-), PT ABM Investama Tbk (ABM, B+) and PT Indika Energy Tbk (Indika, BB-), which are currently on Negative Outlook, are the most prone to a rating downgrade.
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Sunday, 18 April 21
INDONESIA LIKELY TO WITNESS 119 OIL AND GAS PROJECTS STARTS ACROSS VALUE CHAIN BY 2025, SAYS GLOBALDATA
Indonesia is expected to witness 119 oil and gas projects commencing their operations across value chain during 2021-2025, accounting for 6% of the ...
Sunday, 18 April 21
WORLDSTEEL RAISES 2021 STEEL DEMAND GROWTH FORECAST TO 5.8% - WORLDSTEEL
The World Steel Association (worldsteel) today released its Short Range Outlook (SRO) for 2021 and 2022. worldsteel forecasts that steel demand wil ...
Sunday, 18 April 21
CHINA'S Q1 COAL OUTPUT RISES 16% ON STRONG DEMAND FOR WINTER HEATING - REUTERS
China’s coal output rose 16% in the first quarter from the same period last year, bolstered by strong demand for winter heating and robust in ...
Wednesday, 14 April 21
INDIA HAS A RECORD LEVEL OF STOCKPILED COAL DAMPENING NEED FOR NEW DOMESTIC MINES - IEEFA
Proposed coal mining expansions at odds with excess supply
India has stockpiled a record 132 million tonnes of coal – enough t ...
Wednesday, 14 April 21
BANGLADESH NEEDS A RENEWABLES FOCUS, NOT A SWITCH FROM 'COAL TO GAS' - IEEFA
Renewables are cheaper and more sustainable than gas imports, and can provide better energy security in developing nations
The emerg ...
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- Timah Investasi Mineral - Indoneisa
- Billiton Holdings Pty Ltd - Australia
- Eastern Coal Council - USA
- Eastern Energy - Thailand
- The Treasury - Australian Government
- The State Trading Corporation of India Ltd
- Banpu Public Company Limited - Thailand
- Trasteel International SA, Italy
- Mercator Lines Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Orica Mining Services - Indonesia
- Edison Trading Spa - Italy
- Gujarat Sidhee Cement - India
- Posco Energy - South Korea
- Formosa Plastics Group - Taiwan
- GVK Power & Infra Limited - India
- Global Green Power PLC Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Sakthi Sugars Limited - India
- Bangladesh Power Developement Board
- Bhushan Steel Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Authority, New Zealand
- Bahari Cakrawala Sebuku - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Makarim & Taira - Indonesia
- Energy Link Ltd, New Zealand
- CNBM International Corporation - China
- Bank of Tokyo Mitsubishi UFJ Ltd
- AsiaOL BioFuels Corp., Philippines
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- Karaikal Port Pvt Ltd - India
- Semirara Mining Corp, Philippines
- Coalindo Energy - Indonesia
- Central Electricity Authority - India
- Parry Sugars Refinery, India
- Cigading International Bulk Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- ICICI Bank Limited - India
- Grasim Industreis Ltd - India
- Samtan Co., Ltd - South Korea
- Thiess Contractors Indonesia
- Kideco Jaya Agung - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- Metalloyd Limited - United Kingdom
- Jindal Steel & Power Ltd - India
- Lanco Infratech Ltd - India
- Therma Luzon, Inc, Philippines
- Commonwealth Bank - Australia
- Port Waratah Coal Services - Australia
- San Jose City I Power Corp, Philippines
- Salva Resources Pvt Ltd - India
- Videocon Industries ltd - India
- Pendopo Energi Batubara - Indonesia
- Latin American Coal - Colombia
- The University of Queensland
- TNB Fuel Sdn Bhd - Malaysia
- Goldman Sachs - Singapore
- South Luzon Thermal Energy Corporation
- Binh Thuan Hamico - Vietnam
- Orica Australia Pty. Ltd.
- Ministry of Transport, Egypt
- MS Steel International - UAE
- Sarangani Energy Corporation, Philippines
- New Zealand Coal & Carbon
- Gujarat Electricity Regulatory Commission - India
- Deloitte Consulting - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Agrawal Coal Company - India
- Siam City Cement PLC, Thailand
- Planning Commission, India
- Electricity Generating Authority of Thailand
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Anglo American - United Kingdom
- Meralco Power Generation, Philippines
- Riau Bara Harum - Indonesia
- Ambuja Cements Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Bulk Trading Sa - Switzerland
- Thai Mozambique Logistica
- McConnell Dowell - Australia
- Indonesian Coal Mining Association
- Global Business Power Corporation, Philippines
- Aditya Birla Group - India
- Mjunction Services Limited - India
- Renaissance Capital - South Africa
- Bayan Resources Tbk. - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Baramulti Group, Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Meenaskhi Energy Private Limited - India
- Wilmar Investment Holdings
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- Romanian Commodities Exchange
- Intertek Mineral Services - Indonesia
- Tamil Nadu electricity Board
- Kaltim Prima Coal - Indonesia
- CIMB Investment Bank - Malaysia
- Medco Energi Mining Internasional
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Manunggal Multi Energi - Indonesia
- Simpson Spence & Young - Indonesia
- Interocean Group of Companies - India
- Coastal Gujarat Power Limited - India
- GN Power Mariveles Coal Plant, Philippines
- GAC Shipping (India) Pvt Ltd
- Vizag Seaport Private Limited - India
- Central Java Power - Indonesia
- Bukit Makmur.PT - Indonesia
- PNOC Exploration Corporation - Philippines
- Price Waterhouse Coopers - Russia
- Vedanta Resources Plc - India
- Sinarmas Energy and Mining - Indonesia
- Globalindo Alam Lestari - Indonesia
- Minerals Council of Australia
- Mintek Dendrill Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Xindia Steels Limited - India
- Chamber of Mines of South Africa
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Attock Cement Pakistan Limited
- Siam City Cement - Thailand
- GMR Energy Limited - India
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Bhoruka Overseas - Indonesia
- IEA Clean Coal Centre - UK
- SMG Consultants - Indonesia
- VISA Power Limited - India
- Kartika Selabumi Mining - Indonesia
- Power Finance Corporation Ltd., India
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Heidelberg Cement - Germany
- Mercuria Energy - Indonesia
- Ind-Barath Power Infra Limited - India
- Marubeni Corporation - India
- Antam Resourcindo - Indonesia
- European Bulk Services B.V. - Netherlands
- Bharathi Cement Corporation - India
- Star Paper Mills Limited - India
- Kumho Petrochemical, South Korea
- Borneo Indobara - Indonesia
- Coal and Oil Company - UAE
- Parliament of New Zealand
- Rashtriya Ispat Nigam Limited - India
- ASAPP Information Group - India
- OPG Power Generation Pvt Ltd - India
- Bhatia International Limited - India
- Bukit Baiduri Energy - Indonesia
- Sojitz Corporation - Japan
- Kobexindo Tractors - Indoneisa
- Holcim Trading Pte Ltd - Singapore
- Petron Corporation, Philippines
- India Bulls Power Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Sree Jayajothi Cements Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Global Coal Blending Company Limited - Australia
- Standard Chartered Bank - UAE
- SN Aboitiz Power Inc, Philippines
- Australian Commodity Traders Exchange
- Jaiprakash Power Ventures ltd
- Chettinad Cement Corporation Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Indian Oil Corporation Limited
- Toyota Tsusho Corporation, Japan
- SMC Global Power, Philippines
- Australian Coal Association
- Indogreen Group - Indonesia
- Oldendorff Carriers - Singapore
- Essar Steel Hazira Ltd - India
- Carbofer General Trading SA - India
- Indian Energy Exchange, India
- White Energy Company Limited
- Indika Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Ministry of Mines - Canada
- Malabar Cements Ltd - India
- Barasentosa Lestari - Indonesia
- Altura Mining Limited, Indonesia
- IHS Mccloskey Coal Group - USA
- Singapore Mercantile Exchange
- Indo Tambangraya Megah - Indonesia
- Ministry of Finance - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Vijayanagar Sugar Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- PowerSource Philippines DevCo
- Larsen & Toubro Limited - India
- Economic Council, Georgia
- Aboitiz Power Corporation - Philippines
- Sindya Power Generating Company Private Ltd
- Dalmia Cement Bharat India
- London Commodity Brokers - England
- TeaM Sual Corporation - Philippines
- Directorate General of MIneral and Coal - Indonesia
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