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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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Tuesday, 22 December 20
INDIA'S COAL DEMAND IS SET TO EXPAND DESPITE PLUMMETING IN 2020 - IEA
Coal consumption in India amounted to 979 Mt in 2019, with the largest share being thermal coal (including lignite) for electricity generation (687 ...
Tuesday, 22 December 20
SOUTHEAST ASIA'S COAL DEMAND IS SET TO EXPAND AFTER THE PANDEMIC-INDUCED HIATUS IN 2020 - IEA
Coal consumption in Southeast Asia has more than doubled in the last decade, with the largest growth in Indonesia and Viet Nam, followed by Malaysi ...
Tuesday, 22 December 20
COAL DEMAND IS RISING QUICKLY IN PAKISTAN AND MORE SLOWLY IN BANGLADESH - IEA
Pakistan had 150 MW of installed coal power capacity in 2015. Since 2017, in addition to a few small plants for industry, Pakistan has commissioned ...
Tuesday, 22 December 20
AFRICA PERSPECTIVE INDICATES NO MAJOR SHIFTS FOR COAL CONSUMPTION - IEA
Overall countries on the African continent consumed 197 Mt of coal in 2019, 12 Mt less (-6%) than 2018.
South Africa, the continent& ...
Monday, 21 December 20
COAL PRICES WITHSTAND DESPITE COVID-19 AND CHINESE IMPORT QUOTAS - IEA
Coal prices vary by region as well as by grade and quality. The price rebound starting in 2016 ended in 2018, moving in a downward trend in 2019. A ...
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- Manunggal Multi Energi - Indonesia
- IEA Clean Coal Centre - UK
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- Anglo American - United Kingdom
- Tamil Nadu electricity Board
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Bukit Baiduri Energy - Indonesia
- Latin American Coal - Colombia
- Kohat Cement Company Ltd. - Pakistan
- Australian Commodity Traders Exchange
- ICICI Bank Limited - India
- Australian Coal Association
- Kumho Petrochemical, South Korea
- Dalmia Cement Bharat India
- Mercuria Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Independent Power Producers Association of India
- Medco Energi Mining Internasional
- CNBM International Corporation - China
- London Commodity Brokers - England
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Kaltim Prima Coal - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
- Planning Commission, India
- Therma Luzon, Inc, Philippines
- Bhoruka Overseas - Indonesia
- Salva Resources Pvt Ltd - India
- Siam City Cement - Thailand
- Pendopo Energi Batubara - Indonesia
- TeaM Sual Corporation - Philippines
- Central Java Power - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sree Jayajothi Cements Limited - India
- Baramulti Group, Indonesia
- Sical Logistics Limited - India
- Eastern Coal Council - USA
- Meenaskhi Energy Private Limited - India
- Eastern Energy - Thailand
- Siam City Cement PLC, Thailand
- Neyveli Lignite Corporation Ltd, - India
- The University of Queensland
- Indian Oil Corporation Limited
- SN Aboitiz Power Inc, Philippines
- Wilmar Investment Holdings
- Semirara Mining and Power Corporation, Philippines
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- Global Green Power PLC Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- SMC Global Power, Philippines
- Posco Energy - South Korea
- Holcim Trading Pte Ltd - Singapore
- Malabar Cements Ltd - India
- Kepco SPC Power Corporation, Philippines
- Thiess Contractors Indonesia
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- Toyota Tsusho Corporation, Japan
- Interocean Group of Companies - India
- Marubeni Corporation - India
- Leighton Contractors Pty Ltd - Australia
- Altura Mining Limited, Indonesia
- Chamber of Mines of South Africa
- Port Waratah Coal Services - Australia
- Renaissance Capital - South Africa
- Bayan Resources Tbk. - Indonesia
- Sinarmas Energy and Mining - Indonesia
- European Bulk Services B.V. - Netherlands
- GVK Power & Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Economic Council, Georgia
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- McConnell Dowell - Australia
- Edison Trading Spa - Italy
- Coalindo Energy - Indonesia
- Price Waterhouse Coopers - Russia
- Global Business Power Corporation, Philippines
- Sindya Power Generating Company Private Ltd
- Gujarat Mineral Development Corp Ltd - India
- Xindia Steels Limited - India
- Star Paper Mills Limited - India
- Agrawal Coal Company - India
- San Jose City I Power Corp, Philippines
- Ministry of Mines - Canada
- Jaiprakash Power Ventures ltd
- Karbindo Abesyapradhi - Indoneisa
- Kartika Selabumi Mining - Indonesia
- Parry Sugars Refinery, India
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- Vijayanagar Sugar Pvt Ltd - India
- Mercator Lines Limited - India
- Riau Bara Harum - Indonesia
- New Zealand Coal & Carbon
- Simpson Spence & Young - Indonesia
- Lanco Infratech Ltd - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kideco Jaya Agung - Indonesia
- GMR Energy Limited - India
- Kalimantan Lumbung Energi - Indonesia
- White Energy Company Limited
- Makarim & Taira - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Globalindo Alam Lestari - Indonesia
- VISA Power Limited - India
- GAC Shipping (India) Pvt Ltd
- Meralco Power Generation, Philippines
- Heidelberg Cement - Germany
- ASAPP Information Group - India
- Aboitiz Power Corporation - Philippines
- The State Trading Corporation of India Ltd
- Oldendorff Carriers - Singapore
- Miang Besar Coal Terminal - Indonesia
- Samtan Co., Ltd - South Korea
- The Treasury - Australian Government
- Wood Mackenzie - Singapore
- Intertek Mineral Services - Indonesia
- Africa Commodities Group - South Africa
- Indogreen Group - Indonesia
- Formosa Plastics Group - Taiwan
- Standard Chartered Bank - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- Binh Thuan Hamico - Vietnam
- Thai Mozambique Logistica
- TNB Fuel Sdn Bhd - Malaysia
- Gujarat Sidhee Cement - India
- Ind-Barath Power Infra Limited - India
- Ministry of Finance - Indonesia
- Indo Tambangraya Megah - Indonesia
- Energy Link Ltd, New Zealand
- Orica Australia Pty. Ltd.
- Minerals Council of Australia
- Parliament of New Zealand
- Larsen & Toubro Limited - India
- Uttam Galva Steels Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Mintek Dendrill Indonesia
- Metalloyd Limited - United Kingdom
- Singapore Mercantile Exchange
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Ceylon Electricity Board - Sri Lanka
- AsiaOL BioFuels Corp., Philippines
- Bangladesh Power Developement Board
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- GN Power Mariveles Coal Plant, Philippines
- Maheswari Brothers Coal Limited - India
- Central Electricity Authority - India
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- PNOC Exploration Corporation - Philippines
- Jindal Steel & Power Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Aditya Birla Group - India
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Electricity Generating Authority of Thailand
- Alfred C Toepfer International GmbH - Germany
- Chettinad Cement Corporation Ltd - India
- Bharathi Cement Corporation - India
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- Mjunction Services Limited - India
- Sojitz Corporation - Japan
- Sakthi Sugars Limited - India
- Ministry of Transport, Egypt
- Antam Resourcindo - Indonesia
- South Luzon Thermal Energy Corporation
- Bukit Makmur.PT - Indonesia
- SMG Consultants - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Romanian Commodities Exchange
- LBH Netherlands Bv - Netherlands
- Semirara Mining Corp, Philippines
- Directorate Of Revenue Intelligence - India
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Goldman Sachs - Singapore
- Deloitte Consulting - India
- Electricity Authority, New Zealand
- Videocon Industries ltd - India
- Vizag Seaport Private Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- PTC India Limited - India
- Gujarat Electricity Regulatory Commission - India
- Indika Energy - Indonesia
- Savvy Resources Ltd - HongKong
- Power Finance Corporation Ltd., India
- Barasentosa Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Energy Development Corp, Philippines
- Merrill Lynch Commodities Europe
- Indonesian Coal Mining Association
- Billiton Holdings Pty Ltd - Australia
- Vedanta Resources Plc - India
- Asmin Koalindo Tuhup - Indonesia
- Tata Chemicals Ltd - India
- Coastal Gujarat Power Limited - India
- Indian Energy Exchange, India
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