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Monday, 09 November 20
INDONESIA MAY CUT BIODIESEL USE TARGET AS SUBSIDY FUND DEPLETES - FITCH
 The Indonesian government may rein in its push to increase use of biodiesel as it now comes at higher cost following a fall in crude oil prices and sustained strength in crude palm oil (CPO) prices, Fitch Ratings says. Biodiesel is now much more expensive than regular diesel, and the subsidies drawn from an industry fund to promote biodiesel production and use have been increasing.
We estimate that the industry fund will be able to subsidise only around 8 million kilolitres (kl) of biodiesel, compared with the government's target of use of 9.6 million kl in 2020, in the absence of other measures. This suggests that Indonesia may miss its target for 2020. Also, the outlook for biodiesel demand in 2021 and CPO export levies, which contribute to the fund, is uncertain.
We think the government may scale down its plans to increase biodiesel use in Indonesia, take steps to raise collections for the industry fund through higher palm oil export levies or trim subsidies given to biodiesel producers. These actions will not only affect such producers, but are also likely to affect CPO prices and the broader palm oil industry.
Among rated names, Golden Agri-Resources Ltd. (GAR), whose consolidated profile is the basis for the rating of subsidiaries, PT Ivo Mas Tunggal and PT Sawit Mas Sejahtera (both rated A-(idn)/Stable), and PT Tunas Baru Lampung Tbk (TBLA, B+/A(idn)/Negative) have significant biodiesel capacities and it contributes significantly to revenue.
Source: FITCH
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Wednesday, 25 November 20
DRY BULK SHIPPING: CHINA REMAINS THE DRIVING FACTOR, BUT COAL POLICY IS DISRUPTING THE MARKET - PETER SAND, BIMCO
The second half of the year has provided some cheer for the dry bulk market, with all ships in the spot market averaging earnings above the break-e ...
Wednesday, 25 November 20
CHINA KICKS AN OWN GOAL WITH AUSTRALIAN COAL - FORBES
China’s annoyance at Australia’s hardline stance on political interference and demands for an independent inquiry into the root cause o ...
Wednesday, 25 November 20
MINISTER - INDONESIA JAN-OCT COAL OUTPUT AT 459 MILLION TONNES - REUTERS
Indonesia coal output in the January to October period was 459 million tonnes, the country’s energy minister told parliament on Monday.
& ...
Wednesday, 25 November 20
INDIA: MORE STEPS NEEDED TO MAKE COMMERCIAL COAL MINING ATTRACTIVE TO GLOBAL PLAYERS - LIVEMINT
India concluded its first commercial coal mine auctions earlier this month. A total of 19 coal mines spread across Madhya Pradesh, Jharkhand, Odish ...
Wednesday, 25 November 20
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.38 PCT - XINHUA
China Taiyuan coal transaction price index stood at 129.21 points Monday, up 0.38 percent week on week.
The index, released by China ...
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- Sree Jayajothi Cements Limited - India
- Rashtriya Ispat Nigam Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dalmia Cement Bharat India
- Sical Logistics Limited - India
- The State Trading Corporation of India Ltd
- Standard Chartered Bank - UAE
- Indian Energy Exchange, India
- Vizag Seaport Private Limited - India
- Videocon Industries ltd - India
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- Indika Energy - Indonesia
- Simpson Spence & Young - Indonesia
- Antam Resourcindo - Indonesia
- New Zealand Coal & Carbon
- Petrochimia International Co. Ltd.- Taiwan
- Aboitiz Power Corporation - Philippines
- Kideco Jaya Agung - Indonesia
- Planning Commission, India
- Malabar Cements Ltd - India
- Edison Trading Spa - Italy
- Jorong Barutama Greston.PT - Indonesia
- CIMB Investment Bank - Malaysia
- Banpu Public Company Limited - Thailand
- Energy Development Corp, Philippines
- Parry Sugars Refinery, India
- MS Steel International - UAE
- Kalimantan Lumbung Energi - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- London Commodity Brokers - England
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Economic Council, Georgia
- GAC Shipping (India) Pvt Ltd
- Uttam Galva Steels Limited - India
- PTC India Limited - India
- McConnell Dowell - Australia
- Larsen & Toubro Limited - India
- Orica Mining Services - Indonesia
- Deloitte Consulting - India
- Tamil Nadu electricity Board
- Electricity Authority, New Zealand
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Australian Coal Association
- Therma Luzon, Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Anglo American - United Kingdom
- Krishnapatnam Port Company Ltd. - India
- Gujarat Mineral Development Corp Ltd - India
- Coastal Gujarat Power Limited - India
- Australian Commodity Traders Exchange
- Kumho Petrochemical, South Korea
- Indo Tambangraya Megah - Indonesia
- Independent Power Producers Association of India
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- Romanian Commodities Exchange
- Leighton Contractors Pty Ltd - Australia
- Thiess Contractors Indonesia
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Eastern Energy - Thailand
- Kapuas Tunggal Persada - Indonesia
- GVK Power & Infra Limited - India
- Mintek Dendrill Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Attock Cement Pakistan Limited
- Bukit Asam (Persero) Tbk - Indonesia
- Mercuria Energy - Indonesia
- Wilmar Investment Holdings
- Xindia Steels Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Gujarat Sidhee Cement - India
- Ministry of Mines - Canada
- PetroVietnam Power Coal Import and Supply Company
- GMR Energy Limited - India
- Miang Besar Coal Terminal - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Indogreen Group - Indonesia
- Thai Mozambique Logistica
- Bahari Cakrawala Sebuku - Indonesia
- Sojitz Corporation - Japan
- PNOC Exploration Corporation - Philippines
- Orica Australia Pty. Ltd.
- Port Waratah Coal Services - Australia
- VISA Power Limited - India
- Marubeni Corporation - India
- Global Business Power Corporation, Philippines
- Central Java Power - Indonesia
- Commonwealth Bank - Australia
- Timah Investasi Mineral - Indoneisa
- Metalloyd Limited - United Kingdom
- Savvy Resources Ltd - HongKong
- Sindya Power Generating Company Private Ltd
- Chamber of Mines of South Africa
- Wood Mackenzie - Singapore
- Bharathi Cement Corporation - India
- Aditya Birla Group - India
- Georgia Ports Authority, United States
- India Bulls Power Limited - India
- PowerSource Philippines DevCo
- Kohat Cement Company Ltd. - Pakistan
- Samtan Co., Ltd - South Korea
- Bukit Makmur.PT - Indonesia
- Directorate Of Revenue Intelligence - India
- Ind-Barath Power Infra Limited - India
- Barasentosa Lestari - Indonesia
- Bangladesh Power Developement Board
- Ceylon Electricity Board - Sri Lanka
- Minerals Council of Australia
- Heidelberg Cement - Germany
- Meralco Power Generation, Philippines
- Meenaskhi Energy Private Limited - India
- Medco Energi Mining Internasional
- Pendopo Energi Batubara - Indonesia
- Makarim & Taira - Indonesia
- Salva Resources Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Semirara Mining Corp, Philippines
- Mercator Lines Limited - India
- Petron Corporation, Philippines
- Central Electricity Authority - India
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- Bhoruka Overseas - Indonesia
- Formosa Plastics Group - Taiwan
- Gujarat Electricity Regulatory Commission - India
- Goldman Sachs - Singapore
- Directorate General of MIneral and Coal - Indonesia
- Africa Commodities Group - South Africa
- The Treasury - Australian Government
- Straits Asia Resources Limited - Singapore
- Siam City Cement - Thailand
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- Energy Link Ltd, New Zealand
- IHS Mccloskey Coal Group - USA
- Riau Bara Harum - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Lanco Infratech Ltd - India
- CNBM International Corporation - China
- Tata Chemicals Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Karaikal Port Pvt Ltd - India
- Baramulti Group, Indonesia
- Bukit Baiduri Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- South Luzon Thermal Energy Corporation
- SN Aboitiz Power Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Manunggal Multi Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Toyota Tsusho Corporation, Japan
- ICICI Bank Limited - India
- Kobexindo Tractors - Indoneisa
- Coal and Oil Company - UAE
- Bhatia International Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Bulk Trading Sa - Switzerland
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- Madhucon Powers Ltd - India
- Kartika Selabumi Mining - Indonesia
- Electricity Generating Authority of Thailand
- Iligan Light & Power Inc, Philippines
- Parliament of New Zealand
- The University of Queensland
- Agrawal Coal Company - India
- Sakthi Sugars Limited - India
- Indian Oil Corporation Limited
- Rio Tinto Coal - Australia
- Latin American Coal - Colombia
- Merrill Lynch Commodities Europe
- Carbofer General Trading SA - India
- Price Waterhouse Coopers - Russia
- ASAPP Information Group - India
- San Jose City I Power Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- Mjunction Services Limited - India
- Kepco SPC Power Corporation, Philippines
- International Coal Ventures Pvt Ltd - India
- Siam City Cement PLC, Thailand
- White Energy Company Limited
- Oldendorff Carriers - Singapore
- SMC Global Power, Philippines
- Alfred C Toepfer International GmbH - Germany
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- European Bulk Services B.V. - Netherlands
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Jindal Steel & Power Ltd - India
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- Kaltim Prima Coal - Indonesia
- IEA Clean Coal Centre - UK
- Borneo Indobara - Indonesia
- Coalindo Energy - Indonesia
- Interocean Group of Companies - India
- Trasteel International SA, Italy
- Essar Steel Hazira Ltd - India
- Jaiprakash Power Ventures ltd
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