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Wednesday, 01 December 21
2022 OUTLOOK: INDONESIAN COAL MINING - FITCH RATINGS
 Fitch Ratings has a neutral outlook on the Indonesian coal sector for 2022.
Earnings generation should slow down as selling prices ease from the highs of 2021, while cash accumulation from 2021 should support adequate rating headroom for most companies.
Fitch expects operating profiles to remain the key driver for most ratings. Capex is likely to remain low as organic growth is still slow. Investments might pick up as some miners may continue to look at diversification away from thermal coal to ease out the rising ESG considerations from various funding sources.
Fitch revised up its 2022 price assumptions for Australia Newcastle 6,000kcal/kg coal in November 2021, followed by an upward revision of our Indonesian 4,200kcal price estimates, based on the sector’s evolving supply and demand dynamics. Most coal producers are on Stable Outlook due to wider rating headroom amid strong earnings forecasts into 2022.
Source: Fitch Ratings
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Wednesday, 12 May 21
MARKET INSIGHT - INTERMODAL
Tanker S&P is finally back!
For an extended period, Dry bulk & Wet market rates have been diverging, with the SnP deals on each sect ...
Monday, 10 May 21
PAKISTAN: COAL GASIFICATION AND LIQUEFACTION HARMFUL TO ECONOMY - IEEFA
There is no second life for coal
Pakistan’s intention to use coal for power production through gasification and liquefaction technologie ...
Sunday, 09 May 21
HERE'S WHY INVESTORS ARE POURING MONEY INTO COAL, DESPITE ITS BLEAK FUTURE - FORBES
Coal stocks have surged this year – along with the wider energy sector – but experts warn these are likely short-term gains for an indu ...
Sunday, 09 May 21
MAYBANK TO STOP COAL FINANCING - BERNAMA
Malayan Banking Bhd (Maybank) will stop financing new coal activities as part of its sustainable agenda.
Currently, coal financing m ...
Saturday, 08 May 21
LNG-TO-POWER INVESTORS IN THE PHILIPPINES RISK EXPOSURE TO $14 BILLION IN STRANDED ASSETS - IEEFA
High regulatory and financial uncertainty in the Philippines market
The race to develop liquified natural gas (LNG) facilities in th ...
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- Gujarat Electricity Regulatory Commission - India
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- Maheswari Brothers Coal Limited - India
- Parliament of New Zealand
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- Intertek Mineral Services - Indonesia
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- SMC Global Power, Philippines
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- The Treasury - Australian Government
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- Global Business Power Corporation, Philippines
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- South Luzon Thermal Energy Corporation
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- Minerals Council of Australia
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- Anglo American - United Kingdom
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- Indo Tambangraya Megah - Indonesia
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- Agrawal Coal Company - India
- TNB Fuel Sdn Bhd - Malaysia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Pendopo Energi Batubara - Indonesia
- Electricity Generating Authority of Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Energy Link Ltd, New Zealand
- Indogreen Group - Indonesia
- Baramulti Group, Indonesia
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- Wood Mackenzie - Singapore
- Directorate General of MIneral and Coal - Indonesia
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- Uttam Galva Steels Limited - India
- Malabar Cements Ltd - India
- Thiess Contractors Indonesia
- IEA Clean Coal Centre - UK
- Salva Resources Pvt Ltd - India
- CNBM International Corporation - China
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- Gujarat Mineral Development Corp Ltd - India
- Alfred C Toepfer International GmbH - Germany
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Bangladesh Power Developement Board
- Eastern Coal Council - USA
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- Holcim Trading Pte Ltd - Singapore
- PNOC Exploration Corporation - Philippines
- Planning Commission, India
- Kepco SPC Power Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Coal and Oil Company - UAE
- Formosa Plastics Group - Taiwan
- McConnell Dowell - Australia
- Mjunction Services Limited - India
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- Jorong Barutama Greston.PT - Indonesia
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- Indonesian Coal Mining Association
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- Standard Chartered Bank - UAE
- Toyota Tsusho Corporation, Japan
- Dalmia Cement Bharat India
- Trasteel International SA, Italy
- Kalimantan Lumbung Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
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- Bukit Asam (Persero) Tbk - Indonesia
- Edison Trading Spa - Italy
- Australian Commodity Traders Exchange
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- Electricity Authority, New Zealand
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- PTC India Limited - India
- Jaiprakash Power Ventures ltd
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- Central Electricity Authority - India
- Larsen & Toubro Limited - India
- ICICI Bank Limited - India
- Australian Coal Association
- Goldman Sachs - Singapore
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Madhucon Powers Ltd - India
- Marubeni Corporation - India
- SMG Consultants - Indonesia
- Samtan Co., Ltd - South Korea
- SN Aboitiz Power Inc, Philippines
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- Indian Energy Exchange, India
- Bhoruka Overseas - Indonesia
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- The University of Queensland
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- Asia Pacific Energy Resources Ventures Inc, Philippines
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- Therma Luzon, Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Attock Cement Pakistan Limited
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- Economic Council, Georgia
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- Heidelberg Cement - Germany
- Aboitiz Power Corporation - Philippines
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- Wilmar Investment Holdings
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