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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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Wednesday, 12 August 20
U.S. COAL PRODUCTION IN 2020 WILL DECREASE BY 29% FROM 2019 LEVELS TO 502 MMST - EIA
U.S. coal consumption, which dropped to its lowest point since April, totaled 95 MMst in the second quarter of 2020.
EIA expec ...
Tuesday, 11 August 20
BHP COAL ASSETS WORTH A BILLION LESS THAN JUST TWO YEARS AGO - IEEFA
Another global investor, the UK’s biggest public pension fund NEST, has withdrawn funds from BHP this week because the company is profiting & ...
Monday, 10 August 20
COAL IMPORT DROPS 43% IN JULY OWING TO HIGH STOCKPILE AT PITHEADS, PLANTS - PTI
“The market participants seem to have adopted a wait and watch approach and are currently looking for a direction. We do not expect to see an ...
Saturday, 08 August 20
GLOBAL COAL POWER PUZZLE - BALTIC EXCHANGE
Global Energy Monitor’s latest Global Coal Plant Tracker has put another nail in the coffin for the coal-carrying fleet with its finding that ...
Friday, 07 August 20
PEABODY'S $1.42 BILLION WRITE-DOWN CONCEDES COAL MINES HAVE LITTLE VALUE AND DIM FUTURE - IEEFA
Trouble at biggest mine in Powder River Basin speaks volumes about state of industry
Peabody Energy, the world’s largest priva ...
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- Agrawal Coal Company - India
- Dalmia Cement Bharat India
- Romanian Commodities Exchange
- Sical Logistics Limited - India
- Iligan Light & Power Inc, Philippines
- ICICI Bank Limited - India
- Indonesian Coal Mining Association
- Maharashtra Electricity Regulatory Commission - India
- Antam Resourcindo - Indonesia
- The Treasury - Australian Government
- Kumho Petrochemical, South Korea
- Vizag Seaport Private Limited - India
- Bangladesh Power Developement Board
- Jindal Steel & Power Ltd - India
- Jaiprakash Power Ventures ltd
- Videocon Industries ltd - India
- Sindya Power Generating Company Private Ltd
- Rio Tinto Coal - Australia
- Asmin Koalindo Tuhup - Indonesia
- Barasentosa Lestari - Indonesia
- Mercuria Energy - Indonesia
- Energy Development Corp, Philippines
- Makarim & Taira - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- New Zealand Coal & Carbon
- Salva Resources Pvt Ltd - India
- Bukit Makmur.PT - Indonesia
- Intertek Mineral Services - Indonesia
- Bulk Trading Sa - Switzerland
- Star Paper Mills Limited - India
- Xindia Steels Limited - India
- Cement Manufacturers Association - India
- PNOC Exploration Corporation - Philippines
- Anglo American - United Kingdom
- SMC Global Power, Philippines
- AsiaOL BioFuels Corp., Philippines
- Gujarat Sidhee Cement - India
- Bukit Asam (Persero) Tbk - Indonesia
- Mercator Lines Limited - India
- Bhushan Steel Limited - India
- Bhoruka Overseas - Indonesia
- Power Finance Corporation Ltd., India
- Leighton Contractors Pty Ltd - Australia
- Toyota Tsusho Corporation, Japan
- Siam City Cement PLC, Thailand
- The State Trading Corporation of India Ltd
- Globalindo Alam Lestari - Indonesia
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- Gujarat Mineral Development Corp Ltd - India
- Central Electricity Authority - India
- Thai Mozambique Logistica
- Orica Australia Pty. Ltd.
- SMG Consultants - Indonesia
- VISA Power Limited - India
- Simpson Spence & Young - Indonesia
- Therma Luzon, Inc, Philippines
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- London Commodity Brokers - England
- Formosa Plastics Group - Taiwan
- Pendopo Energi Batubara - Indonesia
- Deloitte Consulting - India
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Edison Trading Spa - Italy
- Ceylon Electricity Board - Sri Lanka
- Indian Oil Corporation Limited
- PowerSource Philippines DevCo
- South Luzon Thermal Energy Corporation
- Manunggal Multi Energi - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Economic Council, Georgia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Ministry of Mines - Canada
- Cigading International Bulk Terminal - Indonesia
- Australian Commodity Traders Exchange
- Mjunction Services Limited - India
- Riau Bara Harum - Indonesia
- European Bulk Services B.V. - Netherlands
- Directorate Of Revenue Intelligence - India
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- PTC India Limited - India
- Petron Corporation, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Global Business Power Corporation, Philippines
- Global Coal Blending Company Limited - Australia
- Kobexindo Tractors - Indoneisa
- Asia Pacific Energy Resources Ventures Inc, Philippines
- MS Steel International - UAE
- Chamber of Mines of South Africa
- Parliament of New Zealand
- Petrochimia International Co. Ltd.- Taiwan
- Kideco Jaya Agung - Indonesia
- Central Java Power - Indonesia
- Eastern Coal Council - USA
- Thiess Contractors Indonesia
- Altura Mining Limited, Indonesia
- Kartika Selabumi Mining - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ministry of Finance - Indonesia
- Indian Energy Exchange, India
- Sojitz Corporation - Japan
- Uttam Galva Steels Limited - India
- Madhucon Powers Ltd - India
- Wood Mackenzie - Singapore
- Metalloyd Limited - United Kingdom
- Bharathi Cement Corporation - India
- Borneo Indobara - Indonesia
- Orica Mining Services - Indonesia
- SN Aboitiz Power Inc, Philippines
- Ministry of Transport, Egypt
- India Bulls Power Limited - India
- Samtan Co., Ltd - South Korea
- Latin American Coal - Colombia
- Vijayanagar Sugar Pvt Ltd - India
- Karaikal Port Pvt Ltd - India
- Posco Energy - South Korea
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
- LBH Netherlands Bv - Netherlands
- Timah Investasi Mineral - Indoneisa
- Sree Jayajothi Cements Limited - India
- Chettinad Cement Corporation Ltd - India
- Maheswari Brothers Coal Limited - India
- Coalindo Energy - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Straits Asia Resources Limited - Singapore
- Bayan Resources Tbk. - Indonesia
- Wilmar Investment Holdings
- Alfred C Toepfer International GmbH - Germany
- Essar Steel Hazira Ltd - India
- Commonwealth Bank - Australia
- Rashtriya Ispat Nigam Limited - India
- Gujarat Electricity Regulatory Commission - India
- Marubeni Corporation - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- GN Power Mariveles Coal Plant, Philippines
- Grasim Industreis Ltd - India
- Singapore Mercantile Exchange
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Kohat Cement Company Ltd. - Pakistan
- Indogreen Group - Indonesia
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- Standard Chartered Bank - UAE
- Goldman Sachs - Singapore
- Lanco Infratech Ltd - India
- Sinarmas Energy and Mining - Indonesia
- Malabar Cements Ltd - India
- Eastern Energy - Thailand
- IEA Clean Coal Centre - UK
- TNB Fuel Sdn Bhd - Malaysia
- Kaltim Prima Coal - Indonesia
- GMR Energy Limited - India
- Africa Commodities Group - South Africa
- Electricity Generating Authority of Thailand
- Kapuas Tunggal Persada - Indonesia
- San Jose City I Power Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Indika Energy - Indonesia
- Parry Sugars Refinery, India
- Ambuja Cements Ltd - India
- Trasteel International SA, Italy
- Tamil Nadu electricity Board
- Planning Commission, India
- Sakthi Sugars Limited - India
- Price Waterhouse Coopers - Russia
- McConnell Dowell - Australia
- Semirara Mining Corp, Philippines
- Meralco Power Generation, Philippines
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- White Energy Company Limited
- Ind-Barath Power Infra Limited - India
- Oldendorff Carriers - Singapore
- Semirara Mining and Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Heidelberg Cement - Germany
- Binh Thuan Hamico - Vietnam
- PetroVietnam Power Coal Import and Supply Company
- GAC Shipping (India) Pvt Ltd
- TeaM Sual Corporation - Philippines
- Coal and Oil Company - UAE
- The University of Queensland
- Renaissance Capital - South Africa
- Aboitiz Power Corporation - Philippines
- Australian Coal Association
- Bank of Tokyo Mitsubishi UFJ Ltd
- Independent Power Producers Association of India
- Meenaskhi Energy Private Limited - India
- Bukit Baiduri Energy - Indonesia
- Bhatia International Limited - India
- Electricity Authority, New Zealand
- Larsen & Toubro Limited - India
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- OPG Power Generation Pvt Ltd - India
- CNBM International Corporation - China
- Energy Link Ltd, New Zealand
- Medco Energi Mining Internasional
- Georgia Ports Authority, United States
- Banpu Public Company Limited - Thailand
- Neyveli Lignite Corporation Ltd, - India
- Kalimantan Lumbung Energi - Indonesia
- Merrill Lynch Commodities Europe
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