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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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- Mercator Lines Limited - India
- The State Trading Corporation of India Ltd
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Krishnapatnam Port Company Ltd. - India
- Wilmar Investment Holdings
- Thiess Contractors Indonesia
- GAC Shipping (India) Pvt Ltd
- Minerals Council of Australia
- Electricity Generating Authority of Thailand
- Metalloyd Limited - United Kingdom
- Bahari Cakrawala Sebuku - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Indonesian Coal Mining Association
- Chamber of Mines of South Africa
- Bhatia International Limited - India
- Carbofer General Trading SA - India
- Agrawal Coal Company - India
- GMR Energy Limited - India
- Intertek Mineral Services - Indonesia
- Australian Coal Association
- South Luzon Thermal Energy Corporation
- Wood Mackenzie - Singapore
- Timah Investasi Mineral - Indoneisa
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Finance - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Indo Tambangraya Megah - Indonesia
- PowerSource Philippines DevCo
- Eastern Energy - Thailand
- Directorate Of Revenue Intelligence - India
- Dalmia Cement Bharat India
- Gujarat Mineral Development Corp Ltd - India
- VISA Power Limited - India
- Formosa Plastics Group - Taiwan
- Cigading International Bulk Terminal - Indonesia
- Billiton Holdings Pty Ltd - Australia
- GN Power Mariveles Coal Plant, Philippines
- Mercuria Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Barasentosa Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Merrill Lynch Commodities Europe
- Economic Council, Georgia
- Coastal Gujarat Power Limited - India
- Aboitiz Power Corporation - Philippines
- Maheswari Brothers Coal Limited - India
- TeaM Sual Corporation - Philippines
- Meralco Power Generation, Philippines
- Sarangani Energy Corporation, Philippines
- Rashtriya Ispat Nigam Limited - India
- IEA Clean Coal Centre - UK
- SMC Global Power, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Eastern Coal Council - USA
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Parry Sugars Refinery, India
- Rio Tinto Coal - Australia
- London Commodity Brokers - England
- CNBM International Corporation - China
- Kartika Selabumi Mining - Indonesia
- Larsen & Toubro Limited - India
- Bharathi Cement Corporation - India
- Jorong Barutama Greston.PT - Indonesia
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- SMG Consultants - Indonesia
- Xindia Steels Limited - India
- Ministry of Mines - Canada
- Interocean Group of Companies - India
- Manunggal Multi Energi - Indonesia
- Central Java Power - Indonesia
- Kaltim Prima Coal - Indonesia
- Iligan Light & Power Inc, Philippines
- Bhushan Steel Limited - India
- PNOC Exploration Corporation - Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Ministry of Transport, Egypt
- Kalimantan Lumbung Energi - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Energy Development Corp, Philippines
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Tata Chemicals Ltd - India
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- Mjunction Services Limited - India
- Uttam Galva Steels Limited - India
- Marubeni Corporation - India
- OPG Power Generation Pvt Ltd - India
- Indian Energy Exchange, India
- New Zealand Coal & Carbon
- Grasim Industreis Ltd - India
- Planning Commission, India
- Indika Energy - Indonesia
- Therma Luzon, Inc, Philippines
- Global Business Power Corporation, Philippines
- Energy Link Ltd, New Zealand
- Directorate General of MIneral and Coal - Indonesia
- Tamil Nadu electricity Board
- Toyota Tsusho Corporation, Japan
- Medco Energi Mining Internasional
- Vizag Seaport Private Limited - India
- Antam Resourcindo - Indonesia
- Romanian Commodities Exchange
- MS Steel International - UAE
- Jaiprakash Power Ventures ltd
- Port Waratah Coal Services - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Orica Mining Services - Indonesia
- White Energy Company Limited
- GVK Power & Infra Limited - India
- Orica Australia Pty. Ltd.
- Semirara Mining and Power Corporation, Philippines
- Sojitz Corporation - Japan
- Independent Power Producers Association of India
- Ind-Barath Power Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- San Jose City I Power Corp, Philippines
- Karaikal Port Pvt Ltd - India
- Lanco Infratech Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Holcim Trading Pte Ltd - Singapore
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Pipit Mutiara Jaya. PT, Indonesia
- Global Coal Blending Company Limited - Australia
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- Riau Bara Harum - Indonesia
- Vijayanagar Sugar Pvt Ltd - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Savvy Resources Ltd - HongKong
- Pendopo Energi Batubara - Indonesia
- Thai Mozambique Logistica
- Miang Besar Coal Terminal - Indonesia
- Georgia Ports Authority, United States
- Salva Resources Pvt Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Sree Jayajothi Cements Limited - India
- Petron Corporation, Philippines
- Star Paper Mills Limited - India
- Gujarat Electricity Regulatory Commission - India
- Petrochimia International Co. Ltd.- Taiwan
- Price Waterhouse Coopers - Russia
- IHS Mccloskey Coal Group - USA
- TNB Fuel Sdn Bhd - Malaysia
- Ceylon Electricity Board - Sri Lanka
- Ambuja Cements Ltd - India
- Bulk Trading Sa - Switzerland
- McConnell Dowell - Australia
- Bayan Resources Tbk. - Indonesia
- Kumho Petrochemical, South Korea
- Madhucon Powers Ltd - India
- The University of Queensland
- Central Electricity Authority - India
- Kideco Jaya Agung - Indonesia
- Altura Mining Limited, Indonesia
- Baramulti Group, Indonesia
- Cement Manufacturers Association - India
- Kapuas Tunggal Persada - Indonesia
- Anglo American - United Kingdom
- Kepco SPC Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Simpson Spence & Young - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Malabar Cements Ltd - India
- Goldman Sachs - Singapore
- The Treasury - Australian Government
- Australian Commodity Traders Exchange
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Parliament of New Zealand
- Siam City Cement - Thailand
- Aditya Birla Group - India
- SN Aboitiz Power Inc, Philippines
- Videocon Industries ltd - India
- Deloitte Consulting - India
- Karbindo Abesyapradhi - Indoneisa
- Sical Logistics Limited - India
- Sindya Power Generating Company Private Ltd
- PTC India Limited - India
- Coalindo Energy - Indonesia
- Electricity Authority, New Zealand
- Samtan Co., Ltd - South Korea
- Mintek Dendrill Indonesia
- Bukit Baiduri Energy - Indonesia
- Binh Thuan Hamico - Vietnam
- Sakthi Sugars Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Posco Energy - South Korea
- Indian Oil Corporation Limited
- Edison Trading Spa - Italy
- Banpu Public Company Limited - Thailand
- Global Green Power PLC Corporation, Philippines
- Standard Chartered Bank - UAE
- International Coal Ventures Pvt Ltd - India
- Indogreen Group - Indonesia
- European Bulk Services B.V. - Netherlands
- Coal and Oil Company - UAE
- Africa Commodities Group - South Africa
- Power Finance Corporation Ltd., India
- Globalindo Alam Lestari - Indonesia
- Siam City Cement PLC, Thailand
- Essar Steel Hazira Ltd - India
- India Bulls Power Limited - India
- Jindal Steel & Power Ltd - India
- ASAPP Information Group - India
- Meenaskhi Energy Private Limited - India
- Makarim & Taira - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Latin American Coal - Colombia
- AsiaOL BioFuels Corp., Philippines
- Commonwealth Bank - Australia
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