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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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Monday, 02 November 20
PHILIPPINES GOVERNMENT SAYS NO TO NEW COAL PLANT PROPOSALS - IEEFA | 24 PILIPINAS
The Duterte administration will no longer accept proposals to construct new coal power plants, a dramatic shift in energy policy that counts on dec ...
Wednesday, 28 October 20
BIODIESEL - NEW FUELS, NEW CHALLENGES - GARD | DNV GL
KNOWLEDGE TO ELEVATE
One of numerous possible ways to comply with the IMO’s strategy on the reduction of greenhouse gas (GHG) emissions ...
Wednesday, 28 October 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.35 PCT - XINHUA
China Taiyuan coal transaction price index stood at 127.94 points Monday, up 0.35 percent week on week.
The index, released by China ...
Wednesday, 28 October 20
MARKET INSIGHT - INTERMODAL
The global strive towards eco-friendliness and environmental sustainability in the shipping industry is mounting. There are currently almost 200 co ...
Tuesday, 27 October 20
PLN STILL REFUSING TO ADAPT, A MOVE WHICH WILL HURT INVESTORS, CONSUMERS, AND THE GOVERNMENT PURSE - IEEFA
Utility’s latest planning report locks PLN into the past
PLN would be better served restructuring its business to address the current en ...
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- Ambuja Cements Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Aditya Birla Group - India
- PowerSource Philippines DevCo
- Central Java Power - Indonesia
- Vedanta Resources Plc - India
- TeaM Sual Corporation - Philippines
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- European Bulk Services B.V. - Netherlands
- Grasim Industreis Ltd - India
- CNBM International Corporation - China
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Directorate General of MIneral and Coal - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Finance - Indonesia
- Central Electricity Authority - India
- Therma Luzon, Inc, Philippines
- Sinarmas Energy and Mining - Indonesia
- LBH Netherlands Bv - Netherlands
- The State Trading Corporation of India Ltd
- Maharashtra Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Kohat Cement Company Ltd. - Pakistan
- Oldendorff Carriers - Singapore
- The Treasury - Australian Government
- Savvy Resources Ltd - HongKong
- Krishnapatnam Port Company Ltd. - India
- Neyveli Lignite Corporation Ltd, - India
- GAC Shipping (India) Pvt Ltd
- Singapore Mercantile Exchange
- Electricity Authority, New Zealand
- Trasteel International SA, Italy
- Mjunction Services Limited - India
- Dalmia Cement Bharat India
- Timah Investasi Mineral - Indoneisa
- Gujarat Electricity Regulatory Commission - India
- Bahari Cakrawala Sebuku - Indonesia
- Samtan Co., Ltd - South Korea
- White Energy Company Limited
- OPG Power Generation Pvt Ltd - India
- Kartika Selabumi Mining - Indonesia
- Attock Cement Pakistan Limited
- Sical Logistics Limited - India
- The University of Queensland
- Deloitte Consulting - India
- Carbofer General Trading SA - India
- Bayan Resources Tbk. - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Xindia Steels Limited - India
- Power Finance Corporation Ltd., India
- Commonwealth Bank - Australia
- Formosa Plastics Group - Taiwan
- Makarim & Taira - Indonesia
- Standard Chartered Bank - UAE
- Gujarat Sidhee Cement - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Siam City Cement - Thailand
- Jorong Barutama Greston.PT - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Agrawal Coal Company - India
- GVK Power & Infra Limited - India
- ICICI Bank Limited - India
- IHS Mccloskey Coal Group - USA
- Miang Besar Coal Terminal - Indonesia
- Anglo American - United Kingdom
- Rio Tinto Coal - Australia
- Ministry of Transport, Egypt
- Electricity Generating Authority of Thailand
- Simpson Spence & Young - Indonesia
- Global Coal Blending Company Limited - Australia
- Pendopo Energi Batubara - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Minerals Council of Australia
- SN Aboitiz Power Inc, Philippines
- Kaltim Prima Coal - Indonesia
- Port Waratah Coal Services - Australia
- Petron Corporation, Philippines
- Renaissance Capital - South Africa
- Kobexindo Tractors - Indoneisa
- Coalindo Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- Sindya Power Generating Company Private Ltd
- PNOC Exploration Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Orica Mining Services - Indonesia
- Chettinad Cement Corporation Ltd - India
- Bhushan Steel Limited - India
- South Luzon Thermal Energy Corporation
- Kideco Jaya Agung - Indonesia
- Malabar Cements Ltd - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Africa Commodities Group - South Africa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Riau Bara Harum - Indonesia
- Sarangani Energy Corporation, Philippines
- MS Steel International - UAE
- Independent Power Producers Association of India
- Rashtriya Ispat Nigam Limited - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Wood Mackenzie - Singapore
- Gujarat Mineral Development Corp Ltd - India
- Thiess Contractors Indonesia
- Star Paper Mills Limited - India
- CIMB Investment Bank - Malaysia
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- San Jose City I Power Corp, Philippines
- Meralco Power Generation, Philippines
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Videocon Industries ltd - India
- Cigading International Bulk Terminal - Indonesia
- Australian Coal Association
- Interocean Group of Companies - India
- Karbindo Abesyapradhi - Indoneisa
- Salva Resources Pvt Ltd - India
- Metalloyd Limited - United Kingdom
- Merrill Lynch Commodities Europe
- Parliament of New Zealand
- Sojitz Corporation - Japan
- PTC India Limited - India
- Medco Energi Mining Internasional
- Lanco Infratech Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Thai Mozambique Logistica
- Coal and Oil Company - UAE
- Orica Australia Pty. Ltd.
- Tata Chemicals Ltd - India
- Planning Commission, India
- Manunggal Multi Energi - Indonesia
- Aboitiz Power Corporation - Philippines
- Directorate Of Revenue Intelligence - India
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- VISA Power Limited - India
- Bharathi Cement Corporation - India
- Bulk Trading Sa - Switzerland
- Altura Mining Limited, Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Vijayanagar Sugar Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- International Coal Ventures Pvt Ltd - India
- Parry Sugars Refinery, India
- Madhucon Powers Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Mintek Dendrill Indonesia
- Meenaskhi Energy Private Limited - India
- Bhoruka Overseas - Indonesia
- Antam Resourcindo - Indonesia
- Ministry of Mines - Canada
- Ceylon Electricity Board - Sri Lanka
- Bhatia International Limited - India
- Jindal Steel & Power Ltd - India
- Marubeni Corporation - India
- SMC Global Power, Philippines
- Billiton Holdings Pty Ltd - Australia
- Wilmar Investment Holdings
- Barasentosa Lestari - Indonesia
- Indonesian Coal Mining Association
- Straits Asia Resources Limited - Singapore
- Kepco SPC Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Eastern Coal Council - USA
- Tamil Nadu electricity Board
- Indo Tambangraya Megah - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Chamber of Mines of South Africa
- GN Power Mariveles Coal Plant, Philippines
- Jaiprakash Power Ventures ltd
- Energy Development Corp, Philippines
- London Commodity Brokers - England
- New Zealand Coal & Carbon
- Posco Energy - South Korea
- Uttam Galva Steels Limited - India
- Siam City Cement PLC, Thailand
- Intertek Mineral Services - Indonesia
- Indogreen Group - Indonesia
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- Mercuria Energy - Indonesia
- Indika Energy - Indonesia
- Semirara Mining Corp, Philippines
- Sakthi Sugars Limited - India
- SMG Consultants - Indonesia
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Georgia Ports Authority, United States
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Mercator Lines Limited - India
- Latin American Coal - Colombia
- Bukit Makmur.PT - Indonesia
- Economic Council, Georgia
- Maheswari Brothers Coal Limited - India
- Essar Steel Hazira Ltd - India
- Edison Trading Spa - Italy
- Borneo Indobara - Indonesia
- Goldman Sachs - Singapore
- Ind-Barath Power Infra Limited - India
- India Bulls Power Limited - India
- Kumho Petrochemical, South Korea
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