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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, 07 April 21
MARKET INSIGHT - INTERMODAL
Following the end of the catholic easter, during which the majority of shipping market participants were on holidays, it is interesting to note a f ...
Wednesday, 07 April 21
COAL USED TO GENERATE ELECTRIC POWER IN U.S. WILL INCREASE BY 13 PERCENT TO 495 MMST IN 2021 - EIA
EIA expects U.S. coal production to total 585 MMst in 2021, 46 MMst (9%) more than in 2020. In 2022, EIA expects coal production to grow by an addi ...
Wednesday, 31 March 21
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.12 PCT - XINHUA
China Taiyuan coal transaction price index stood at 139.03 points Monday, up 0.12 percent week on week.
The index, released by China ...
Wednesday, 31 March 21
MARKET INSIGHT - INTERMODAL
Over the past week, the biggest story has been the blockage of the Suez Canal, as a result of the grounding of the container ship Ever Given. At th ...
Monday, 29 March 21
MOODY'S: OUTLOOK FOR GLOBAL METALS AND MINING INDUSTRY TURNS POSITIVE ON HIGHER EBITDA IN PANDEMIC'S WAKE
- Demand for steel, iron ore and copper will rise, while aluminum, nickel and zinc will remain in surplus
- EBITDA is expected to ...
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- Independent Power Producers Association of India
- Global Green Power PLC Corporation, Philippines
- Tata Chemicals Ltd - India
- Samtan Co., Ltd - South Korea
- Uttam Galva Steels Limited - India
- Ministry of Finance - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Electricity Authority, New Zealand
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- Power Finance Corporation Ltd., India
- Karaikal Port Pvt Ltd - India
- Commonwealth Bank - Australia
- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- Romanian Commodities Exchange
- San Jose City I Power Corp, Philippines
- Tamil Nadu electricity Board
- AsiaOL BioFuels Corp., Philippines
- GN Power Mariveles Coal Plant, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Meralco Power Generation, Philippines
- Banpu Public Company Limited - Thailand
- Videocon Industries ltd - India
- Indian Oil Corporation Limited
- Essar Steel Hazira Ltd - India
- Indika Energy - Indonesia
- ICICI Bank Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Manunggal Multi Energi - Indonesia
- New Zealand Coal & Carbon
- Toyota Tsusho Corporation, Japan
- Parliament of New Zealand
- Siam City Cement PLC, Thailand
- Holcim Trading Pte Ltd - Singapore
- Posco Energy - South Korea
- Coalindo Energy - Indonesia
- LBH Netherlands Bv - Netherlands
- Ind-Barath Power Infra Limited - India
- Star Paper Mills Limited - India
- Gujarat Sidhee Cement - India
- Bhoruka Overseas - Indonesia
- Kideco Jaya Agung - Indonesia
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Bukit Asam (Persero) Tbk - Indonesia
- Grasim Industreis Ltd - India
- Jindal Steel & Power Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Cement Manufacturers Association - India
- PTC India Limited - India
- Savvy Resources Ltd - HongKong
- Sindya Power Generating Company Private Ltd
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- Vijayanagar Sugar Pvt Ltd - India
- India Bulls Power Limited - India
- Maharashtra Electricity Regulatory Commission - India
- Kapuas Tunggal Persada - Indonesia
- Bukit Makmur.PT - Indonesia
- Altura Mining Limited, Indonesia
- Siam City Cement - Thailand
- ASAPP Information Group - India
- Pipit Mutiara Jaya. PT, Indonesia
- CNBM International Corporation - China
- Salva Resources Pvt Ltd - India
- Sojitz Corporation - Japan
- Pendopo Energi Batubara - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Jaiprakash Power Ventures ltd
- Kohat Cement Company Ltd. - Pakistan
- Straits Asia Resources Limited - Singapore
- Carbofer General Trading SA - India
- Meenaskhi Energy Private Limited - India
- TeaM Sual Corporation - Philippines
- Aditya Birla Group - India
- Kumho Petrochemical, South Korea
- Indonesian Coal Mining Association
- Singapore Mercantile Exchange
- GMR Energy Limited - India
- IEA Clean Coal Centre - UK
- Mercator Lines Limited - India
- SMG Consultants - Indonesia
- McConnell Dowell - Australia
- SN Aboitiz Power Inc, Philippines
- Ambuja Cements Ltd - India
- Dalmia Cement Bharat India
- Riau Bara Harum - Indonesia
- Bukit Baiduri Energy - Indonesia
- Bhushan Steel Limited - India
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Cigading International Bulk Terminal - Indonesia
- International Coal Ventures Pvt Ltd - India
- Rio Tinto Coal - Australia
- Karbindo Abesyapradhi - Indoneisa
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Anglo American - United Kingdom
- Orica Australia Pty. Ltd.
- Rashtriya Ispat Nigam Limited - India
- Orica Mining Services - Indonesia
- CIMB Investment Bank - Malaysia
- Bhatia International Limited - India
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Bulk Trading Sa - Switzerland
- Energy Link Ltd, New Zealand
- Binh Thuan Hamico - Vietnam
- IHS Mccloskey Coal Group - USA
- Offshore Bulk Terminal Pte Ltd, Singapore
- Trasteel International SA, Italy
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Deloitte Consulting - India
- Miang Besar Coal Terminal - Indonesia
- Maheswari Brothers Coal Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- Price Waterhouse Coopers - Russia
- Malabar Cements Ltd - India
- OPG Power Generation Pvt Ltd - India
- Global Coal Blending Company Limited - Australia
- Ceylon Electricity Board - Sri Lanka
- Global Business Power Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- White Energy Company Limited
- Minerals Council of Australia
- Therma Luzon, Inc, Philippines
- Iligan Light & Power Inc, Philippines
- Thai Mozambique Logistica
- Sinarmas Energy and Mining - Indonesia
- Indogreen Group - Indonesia
- SMC Global Power, Philippines
- Vedanta Resources Plc - India
- Barasentosa Lestari - Indonesia
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- VISA Power Limited - India
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- Georgia Ports Authority, United States
- Mintek Dendrill Indonesia
- Semirara Mining Corp, Philippines
- Jorong Barutama Greston.PT - Indonesia
- London Commodity Brokers - England
- Directorate General of MIneral and Coal - Indonesia
- Chamber of Mines of South Africa
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Energy Development Corp, Philippines
- Goldman Sachs - Singapore
- Medco Energi Mining Internasional
- Gujarat Electricity Regulatory Commission - India
- Ministry of Transport, Egypt
- Baramulti Group, Indonesia
- Kaltim Prima Coal - Indonesia
- Globalindo Alam Lestari - Indonesia
- Borneo Indobara - Indonesia
- Sical Logistics Limited - India
- PowerSource Philippines DevCo
- Electricity Generating Authority of Thailand
- The State Trading Corporation of India Ltd
- Krishnapatnam Port Company Ltd. - India
- Planning Commission, India
- Bharathi Cement Corporation - India
- Kobexindo Tractors - Indoneisa
- Indian Energy Exchange, India
- Eastern Energy - Thailand
- Oldendorff Carriers - Singapore
- Thiess Contractors Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
- The University of Queensland
- Makarim & Taira - Indonesia
- Metalloyd Limited - United Kingdom
- Eastern Coal Council - USA
- Formosa Plastics Group - Taiwan
- Agrawal Coal Company - India
- Indo Tambangraya Megah - Indonesia
- Attock Cement Pakistan Limited
- Bayan Resources Tbk. - Indonesia
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- Mercuria Energy - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Aboitiz Power Corporation - Philippines
- Australian Commodity Traders Exchange
- Coal and Oil Company - UAE
- Simpson Spence & Young - Indonesia
- Latin American Coal - Colombia
- TNB Fuel Sdn Bhd - Malaysia
- Larsen & Toubro Limited - India
- Heidelberg Cement - Germany
- Billiton Holdings Pty Ltd - Australia
- Madhucon Powers Ltd - India
- Sakthi Sugars Limited - India
- Wilmar Investment Holdings
- Marubeni Corporation - India
- Gujarat Mineral Development Corp Ltd - India
- MS Steel International - UAE
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Vizag Seaport Private Limited - India
- Kepco SPC Power Corporation, Philippines
- Australian Coal Association
- Xindia Steels Limited - India
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