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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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Friday, 06 November 20
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, 05 November 20
THE INDONESIA COAL PRICE REFERENCE RISES FOR SECOND CONSECUTIVE MONTH
COALspot.com: The Indonesia Coal Price Reference rose for a 2nd month by 9.24% month on month. The Indonesia Coal Price Reference for the month of ...
Wednesday, 04 November 20
PHILIPPINES COAL MORATORIUM HIGHLIGHTS DRAMATIC PIVOT TO RENEWABLE ENERGY INVESTMENT FOR LOWER PRICES AND POWER SYSTEM RESILIENCE - IEEFA
Policymakers and industry leaders ready to embrace new energy technologies
The Department of Energy’s call for a moratorium on ...
Wednesday, 04 November 20
FOREIGN INVESTORS FACE TOUGH TIMES CLOSING VIETNAM’S REMAINING COAL POWER DEALS - IEEFA
Project bankability at risk as new regulations threaten usual contractual terms
Foreign investors will face higher-than-usual risks ...
Wednesday, 04 November 20
MARKET INSIGHT - INTERMODAL
As the end of the year approaches, one would definitely notice that the newbuilding orderbook for bulk carriers is significantly smaller compared t ...
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- Goldman Sachs - Singapore
- The Treasury - Australian Government
- Miang Besar Coal Terminal - Indonesia
- San Jose City I Power Corp, Philippines
- Siam City Cement PLC, Thailand
- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Electricity Authority, New Zealand
- Planning Commission, India
- Deloitte Consulting - India
- Minerals Council of Australia
- Chettinad Cement Corporation Ltd - India
- Marubeni Corporation - India
- Price Waterhouse Coopers - Russia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Cement Manufacturers Association - India
- Jaiprakash Power Ventures ltd
- Samtan Co., Ltd - South Korea
- Carbofer General Trading SA - India
- Economic Council, Georgia
- Energy Development Corp, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Energy Link Ltd, New Zealand
- Larsen & Toubro Limited - India
- Riau Bara Harum - Indonesia
- Attock Cement Pakistan Limited
- Wood Mackenzie - Singapore
- London Commodity Brokers - England
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- The State Trading Corporation of India Ltd
- Bulk Trading Sa - Switzerland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Toyota Tsusho Corporation, Japan
- Maharashtra Electricity Regulatory Commission - India
- White Energy Company Limited
- GN Power Mariveles Coal Plant, Philippines
- IHS Mccloskey Coal Group - USA
- Sree Jayajothi Cements Limited - India
- India Bulls Power Limited - India
- Power Finance Corporation Ltd., India
- Agrawal Coal Company - India
- Bharathi Cement Corporation - India
- Globalindo Alam Lestari - Indonesia
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
- Mintek Dendrill Indonesia
- Orica Mining Services - Indonesia
- Chamber of Mines of South Africa
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- Krishnapatnam Port Company Ltd. - India
- Timah Investasi Mineral - Indoneisa
- Altura Mining Limited, Indonesia
- Oldendorff Carriers - Singapore
- ICICI Bank Limited - India
- Indogreen Group - Indonesia
- McConnell Dowell - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Gujarat Electricity Regulatory Commission - India
- Kartika Selabumi Mining - Indonesia
- Central Electricity Authority - India
- Cigading International Bulk Terminal - Indonesia
- Videocon Industries ltd - India
- Xindia Steels Limited - India
- Metalloyd Limited - United Kingdom
- CIMB Investment Bank - Malaysia
- Karbindo Abesyapradhi - Indoneisa
- Directorate Of Revenue Intelligence - India
- Coastal Gujarat Power Limited - India
- Semirara Mining Corp, Philippines
- Ambuja Cements Ltd - India
- Latin American Coal - Colombia
- Petrochimia International Co. Ltd.- Taiwan
- Savvy Resources Ltd - HongKong
- Medco Energi Mining Internasional
- The University of Queensland
- Petron Corporation, Philippines
- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- Aditya Birla Group - India
- Parliament of New Zealand
- PNOC Exploration Corporation - Philippines
- TeaM Sual Corporation - Philippines
- Heidelberg Cement - Germany
- Kalimantan Lumbung Energi - Indonesia
- Ceylon Electricity Board - Sri Lanka
- Rio Tinto Coal - Australia
- Independent Power Producers Association of India
- Karaikal Port Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Romanian Commodities Exchange
- Kaltim Prima Coal - Indonesia
- Thai Mozambique Logistica
- Vedanta Resources Plc - India
- Straits Asia Resources Limited - Singapore
- Kepco SPC Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Aboitiz Power Corporation - Philippines
- Bhushan Steel Limited - India
- Bhatia International Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Barasentosa Lestari - Indonesia
- Binh Thuan Hamico - Vietnam
- Kobexindo Tractors - Indoneisa
- Indika Energy - Indonesia
- IEA Clean Coal Centre - UK
- OPG Power Generation Pvt Ltd - India
- Meralco Power Generation, Philippines
- Australian Coal Association
- Bukit Makmur.PT - Indonesia
- Singapore Mercantile Exchange
- Commonwealth Bank - Australia
- Merrill Lynch Commodities Europe
- Thiess Contractors Indonesia
- Mercuria Energy - Indonesia
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- Ind-Barath Power Infra Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kohat Cement Company Ltd. - Pakistan
- GAC Shipping (India) Pvt Ltd
- Holcim Trading Pte Ltd - Singapore
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Semirara Mining and Power Corporation, Philippines
- Grasim Industreis Ltd - India
- Anglo American - United Kingdom
- Banpu Public Company Limited - Thailand
- Asmin Koalindo Tuhup - Indonesia
- Meenaskhi Energy Private Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Interocean Group of Companies - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Central Java Power - Indonesia
- Wilmar Investment Holdings
- Borneo Indobara - Indonesia
- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- Bayan Resources Tbk. - Indonesia
- Madhucon Powers Ltd - India
- Maheswari Brothers Coal Limited - India
- Malabar Cements Ltd - India
- Antam Resourcindo - Indonesia
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- Therma Luzon, Inc, Philippines
- Ministry of Mines - Canada
- Simpson Spence & Young - Indonesia
- GVK Power & Infra Limited - India
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- Renaissance Capital - South Africa
- Pipit Mutiara Jaya. PT, Indonesia
- Orica Australia Pty. Ltd.
- Iligan Light & Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Trasteel International SA, Italy
- Tata Chemicals Ltd - India
- Bhoruka Overseas - Indonesia
- Indonesian Coal Mining Association
- Ministry of Transport, Egypt
- Pendopo Energi Batubara - Indonesia
- Coal and Oil Company - UAE
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Vizag Seaport Private Limited - India
- ASAPP Information Group - India
- PowerSource Philippines DevCo
- Siam City Cement - Thailand
- Australian Commodity Traders Exchange
- LBH Netherlands Bv - Netherlands
- Coalindo Energy - Indonesia
- Africa Commodities Group - South Africa
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- Sarangani Energy Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Bukit Baiduri Energy - Indonesia
- Jindal Steel & Power Ltd - India
- Gujarat Sidhee Cement - India
- Kumho Petrochemical, South Korea
- Eastern Coal Council - USA
- International Coal Ventures Pvt Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Neyveli Lignite Corporation Ltd, - India
- New Zealand Coal & Carbon
- Kideco Jaya Agung - Indonesia
- South Luzon Thermal Energy Corporation
- Gujarat Mineral Development Corp Ltd - India
- Mjunction Services Limited - India
- PTC India Limited - India
- Makarim & Taira - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Indian Energy Exchange, India
- Global Business Power Corporation, Philippines
- Baramulti Group, Indonesia
- Kapuas Tunggal Persada - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Sakthi Sugars Limited - India
- Georgia Ports Authority, United States
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- Indo Tambangraya Megah - Indonesia
- Uttam Galva Steels Limited - India
- Dalmia Cement Bharat India
- Billiton Holdings Pty Ltd - Australia
- Ministry of Finance - Indonesia
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