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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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Saturday, 16 January 21
SEABORNE TRADE IN STEAM COAL DECREASED BY 11.6% FROM 937 MILLION TONNES IN 2019 TO 828 MILLION TONNES IN 2020 - COAL IMPORTERS ASSOCIATION, GERMANY
According to preliminary calculations by the German Coal Importers Association (Verein der Kohlenimporteure e. V.), global hard coal production dec ...
Friday, 15 January 21
OVER US$50 BILLION IN GAS POWER PROJECTS AND LNG IMPORT FACILITIES AT RISK OF CANCELLATION IN BANGLADESH, PAKISTAN AND VIETNAM - IEEFA
Pakistan and Bangladesh have already cancelled tenders for LNG imports
Emerging markets such as Vietnam, Pakistan and Bangladesh tha ...
Friday, 15 January 21
VIETNAM'S EXTRAORDINARY ROOFTOP SOLAR SUCCESS DEALS ANOTHER BLOW TO THE REMAINING COAL PIPELINE - IEEFA
9.3 gigawatts peak of solar capacity, equal to 6 coal power plants, installed in less than a year
Vietnam’s solar power indust ...
Friday, 15 January 21
CHINA'S BENCHMARK POWER COAL PRICE EDGES UP - XINHUA
China’s benchmark power coal price rose slightly during the past week.
The Bohai-Rim Steam-Coal Price Index (BSPI), a gauge of ...
Thursday, 14 January 21
KOREA MIDLAND POWER INVITED BIDS FOR AUSTRALIAN COAL FOR THREE YEARS SUPPLY
COALspot.com: Korea Midland Power Co. Ltd, issued an International tender for total 1,560,000 MT of Min.5,700 kcal/kg NCV coal of Australian Origin ...
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- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Savvy Resources Ltd - HongKong
- Jaiprakash Power Ventures ltd
- Posco Energy - South Korea
- Chamber of Mines of South Africa
- Kaltim Prima Coal - Indonesia
- Attock Cement Pakistan Limited
- Sree Jayajothi Cements Limited - India
- Trasteel International SA, Italy
- Merrill Lynch Commodities Europe
- Salva Resources Pvt Ltd - India
- Edison Trading Spa - Italy
- Carbofer General Trading SA - India
- Thiess Contractors Indonesia
- Banpu Public Company Limited - Thailand
- Makarim & Taira - Indonesia
- Straits Asia Resources Limited - Singapore
- Maharashtra Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- OPG Power Generation Pvt Ltd - India
- CIMB Investment Bank - Malaysia
- Jindal Steel & Power Ltd - India
- Bukit Makmur.PT - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Commonwealth Bank - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Ind-Barath Power Infra Limited - India
- Asmin Koalindo Tuhup - Indonesia
- GMR Energy Limited - India
- Coal and Oil Company - UAE
- Kideco Jaya Agung - Indonesia
- IEA Clean Coal Centre - UK
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- Latin American Coal - Colombia
- Orica Australia Pty. Ltd.
- Karbindo Abesyapradhi - Indoneisa
- Bahari Cakrawala Sebuku - Indonesia
- Electricity Authority, New Zealand
- Sical Logistics Limited - India
- Gujarat Electricity Regulatory Commission - India
- The State Trading Corporation of India Ltd
- Essar Steel Hazira Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Mercuria Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Bharathi Cement Corporation - India
- Vijayanagar Sugar Pvt Ltd - India
- CNBM International Corporation - China
- Metalloyd Limited - United Kingdom
- India Bulls Power Limited - India
- ASAPP Information Group - India
- VISA Power Limited - India
- Samtan Co., Ltd - South Korea
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- Antam Resourcindo - Indonesia
- Georgia Ports Authority, United States
- ICICI Bank Limited - India
- Xindia Steels Limited - India
- SMC Global Power, Philippines
- Rashtriya Ispat Nigam Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Cement Manufacturers Association - India
- Heidelberg Cement - Germany
- Eastern Coal Council - USA
- Petron Corporation, Philippines
- Ministry of Mines - Canada
- Siam City Cement - Thailand
- Holcim Trading Pte Ltd - Singapore
- PNOC Exploration Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- London Commodity Brokers - England
- Standard Chartered Bank - UAE
- Indian Energy Exchange, India
- Bangladesh Power Developement Board
- The University of Queensland
- Bank of Tokyo Mitsubishi UFJ Ltd
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Global Green Power PLC Corporation, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Meralco Power Generation, Philippines
- Mercator Lines Limited - India
- Alfred C Toepfer International GmbH - Germany
- Intertek Mineral Services - Indonesia
- Minerals Council of Australia
- Romanian Commodities Exchange
- Eastern Energy - Thailand
- Global Coal Blending Company Limited - Australia
- Siam City Cement PLC, Thailand
- Uttam Galva Steels Limited - India
- Aditya Birla Group - India
- Interocean Group of Companies - India
- Indian Oil Corporation Limited
- South Luzon Thermal Energy Corporation
- Orica Mining Services - Indonesia
- Bukit Baiduri Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Kumho Petrochemical, South Korea
- Meenaskhi Energy Private Limited - India
- Leighton Contractors Pty Ltd - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Price Waterhouse Coopers - Russia
- Bulk Trading Sa - Switzerland
- Borneo Indobara - Indonesia
- Renaissance Capital - South Africa
- Indo Tambangraya Megah - Indonesia
- Larsen & Toubro Limited - India
- Videocon Industries ltd - India
- Lanco Infratech Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Australian Coal Association
- Indogreen Group - Indonesia
- New Zealand Coal & Carbon
- Mintek Dendrill Indonesia
- Goldman Sachs - Singapore
- The Treasury - Australian Government
- Anglo American - United Kingdom
- GAC Shipping (India) Pvt Ltd
- Electricity Generating Authority of Thailand
- Semirara Mining and Power Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Sinarmas Energy and Mining - Indonesia
- MS Steel International - UAE
- Kobexindo Tractors - Indoneisa
- Wilmar Investment Holdings
- Coastal Gujarat Power Limited - India
- Binh Thuan Hamico - Vietnam
- GN Power Mariveles Coal Plant, Philippines
- Kartika Selabumi Mining - Indonesia
- Rio Tinto Coal - Australia
- Indika Energy - Indonesia
- Australian Commodity Traders Exchange
- Wood Mackenzie - Singapore
- PTC India Limited - India
- Baramulti Group, Indonesia
- Agrawal Coal Company - India
- Pipit Mutiara Jaya. PT, Indonesia
- Sakthi Sugars Limited - India
- Energy Development Corp, Philippines
- Timah Investasi Mineral - Indoneisa
- Singapore Mercantile Exchange
- McConnell Dowell - Australia
- Kapuas Tunggal Persada - Indonesia
- Bhatia International Limited - India
- Madhucon Powers Ltd - India
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- Deloitte Consulting - India
- Global Business Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Aboitiz Power Corporation - Philippines
- Thai Mozambique Logistica
- Offshore Bulk Terminal Pte Ltd, Singapore
- Coalindo Energy - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Vedanta Resources Plc - India
- Pendopo Energi Batubara - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parliament of New Zealand
- AsiaOL BioFuels Corp., Philippines
- Power Finance Corporation Ltd., India
- Tamil Nadu electricity Board
- Oldendorff Carriers - Singapore
- Ambuja Cements Ltd - India
- Bayan Resources Tbk. - Indonesia
- Bhoruka Overseas - Indonesia
- Iligan Light & Power Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Barasentosa Lestari - Indonesia
- Gujarat Sidhee Cement - India
- Mjunction Services Limited - India
- White Energy Company Limited
- Riau Bara Harum - Indonesia
- Star Paper Mills Limited - India
- Bhushan Steel Limited - India
- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Tata Chemicals Ltd - India
- Maheswari Brothers Coal Limited - India
- Vizag Seaport Private Limited - India
- Formosa Plastics Group - Taiwan
- SMG Consultants - Indonesia
- Directorate Of Revenue Intelligence - India
- Ceylon Electricity Board - Sri Lanka
- Kepco SPC Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Port Waratah Coal Services - Australia
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Malabar Cements Ltd - India
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- Marubeni Corporation - India
- Globalindo Alam Lestari - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Economic Council, Georgia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Ministry of Transport, Egypt
- Semirara Mining Corp, Philippines
- Independent Power Producers Association of India
- PowerSource Philippines DevCo
- Krishnapatnam Port Company Ltd. - India
- European Bulk Services B.V. - Netherlands
- Central Electricity Authority - India
- Sojitz Corporation - Japan
- San Jose City I Power Corp, Philippines
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