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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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Tuesday, 07 December 21
COAL FIRMS SEE SHARE PRICES SURGE MONDAY, AFTER GOVERNMENT READJUSTS CONTRACT PRICES - GLOBAL TIMES
Share prices of China’s coal enterprises jumped on Monday on the A-share market following a nationwide adjustment to annual thermal coal pric ...
Monday, 06 December 21
CHINA SETS 2022 ANNUAL THERMAL COAL PRICES AT 700 YUAN/T - MEDIA: REUTERS
China’s top economic planner has proposed to set annual thermal coal prices for 2022 at between 550 yuan and 850 yuan ($86-$133) per tonne, a ...
Thursday, 02 December 21
BUMI RECORDED US$ 666.18 MILLION AS REVENUE IN THE 3RD QUARTER, UP 13.31% YOY
PT Bumi Resources Tbk and its subsidiaries have recorded a surge in revenue in the third quarter of 2021. BUMI has recorded US$ 666.18 million as r ...
Thursday, 02 December 21
CHINA'S COAL CRUNCH IS OVER, BUT PRICES ARE STILL TOO HIGH - REUTERS
China’s coal crisis has largely been resolved with gains in both production and stockpiles sufficient to ensure power supplies over winter.
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Wednesday, 01 December 21
SUPPLY OF COAL TO POWER PLANTS IN NOV MORE THAN CONSUMPTION: JOSHI - PTI
The supply of coal to power plants in November is more than the consumption, resulting in rise in stock of dry fuel at power plants, and this trend ...
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- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- Tamil Nadu electricity Board
- Ind-Barath Power Infra Limited - India
- Eastern Energy - Thailand
- VISA Power Limited - India
- The State Trading Corporation of India Ltd
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- Formosa Plastics Group - Taiwan
- Sakthi Sugars Limited - India
- Ceylon Electricity Board - Sri Lanka
- Ministry of Transport, Egypt
- Meenaskhi Energy Private Limited - India
- Africa Commodities Group - South Africa
- Toyota Tsusho Corporation, Japan
- Agrawal Coal Company - India
- Ministry of Finance - Indonesia
- Aditya Birla Group - India
- Riau Bara Harum - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Parliament of New Zealand
- Tata Chemicals Ltd - India
- South Luzon Thermal Energy Corporation
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Bukit Makmur.PT - Indonesia
- Malabar Cements Ltd - India
- SMC Global Power, Philippines
- Power Finance Corporation Ltd., India
- Pendopo Energi Batubara - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Bulk Trading Sa - Switzerland
- Maheswari Brothers Coal Limited - India
- Wood Mackenzie - Singapore
- Central Java Power - Indonesia
- TeaM Sual Corporation - Philippines
- TNB Fuel Sdn Bhd - Malaysia
- ASAPP Information Group - India
- Sindya Power Generating Company Private Ltd
- Energy Link Ltd, New Zealand
- Wilmar Investment Holdings
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ambuja Cements Ltd - India
- Goldman Sachs - Singapore
- Karbindo Abesyapradhi - Indoneisa
- Coastal Gujarat Power Limited - India
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- Jindal Steel & Power Ltd - India
- Banpu Public Company Limited - Thailand
- Sree Jayajothi Cements Limited - India
- International Coal Ventures Pvt Ltd - India
- India Bulls Power Limited - India
- Straits Asia Resources Limited - Singapore
- Gujarat Sidhee Cement - India
- Binh Thuan Hamico - Vietnam
- Global Green Power PLC Corporation, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Directorate General of MIneral and Coal - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Simpson Spence & Young - Indonesia
- Attock Cement Pakistan Limited
- Gujarat Mineral Development Corp Ltd - India
- Mercuria Energy - Indonesia
- Heidelberg Cement - Germany
- Aboitiz Power Corporation - Philippines
- Rio Tinto Coal - Australia
- Bangladesh Power Developement Board
- Vizag Seaport Private Limited - India
- GAC Shipping (India) Pvt Ltd
- Kumho Petrochemical, South Korea
- Orica Australia Pty. Ltd.
- Siam City Cement PLC, Thailand
- Edison Trading Spa - Italy
- Oldendorff Carriers - Singapore
- Indogreen Group - Indonesia
- Chettinad Cement Corporation Ltd - India
- Sojitz Corporation - Japan
- Madhucon Powers Ltd - India
- Kideco Jaya Agung - Indonesia
- Central Electricity Authority - India
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- Salva Resources Pvt Ltd - India
- Latin American Coal - Colombia
- Grasim Industreis Ltd - India
- Kobexindo Tractors - Indoneisa
- London Commodity Brokers - England
- Renaissance Capital - South Africa
- Cigading International Bulk Terminal - Indonesia
- McConnell Dowell - Australia
- Global Coal Blending Company Limited - Australia
- Therma Luzon, Inc, Philippines
- Independent Power Producers Association of India
- Leighton Contractors Pty Ltd - Australia
- Orica Mining Services - Indonesia
- SMG Consultants - Indonesia
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- Indo Tambangraya Megah - Indonesia
- Timah Investasi Mineral - Indoneisa
- The Treasury - Australian Government
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Xindia Steels Limited - India
- Lanco Infratech Ltd - India
- Electricity Generating Authority of Thailand
- Jorong Barutama Greston.PT - Indonesia
- Marubeni Corporation - India
- Sinarmas Energy and Mining - Indonesia
- Coalindo Energy - Indonesia
- Indonesian Coal Mining Association
- Altura Mining Limited, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- PowerSource Philippines DevCo
- GMR Energy Limited - India
- Kapuas Tunggal Persada - Indonesia
- Romanian Commodities Exchange
- Alfred C Toepfer International GmbH - Germany
- Economic Council, Georgia
- Bahari Cakrawala Sebuku - Indonesia
- Siam City Cement - Thailand
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Commonwealth Bank - Australia
- Vedanta Resources Plc - India
- Bukit Asam (Persero) Tbk - Indonesia
- Meralco Power Generation, Philippines
- Rashtriya Ispat Nigam Limited - India
- Coal and Oil Company - UAE
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Eastern Coal Council - USA
- Trasteel International SA, Italy
- Bayan Resources Tbk. - Indonesia
- Indika Energy - Indonesia
- Posco Energy - South Korea
- Asmin Koalindo Tuhup - Indonesia
- Australian Coal Association
- Port Waratah Coal Services - Australia
- Sarangani Energy Corporation, Philippines
- Bhoruka Overseas - Indonesia
- Electricity Authority, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- SN Aboitiz Power Inc, Philippines
- OPG Power Generation Pvt Ltd - India
- Barasentosa Lestari - Indonesia
- Thai Mozambique Logistica
- Samtan Co., Ltd - South Korea
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- Makarim & Taira - Indonesia
- Thiess Contractors Indonesia
- Jaiprakash Power Ventures ltd
- Chamber of Mines of South Africa
- New Zealand Coal & Carbon
- MS Steel International - UAE
- Georgia Ports Authority, United States
- Intertek Mineral Services - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Anglo American - United Kingdom
- PNOC Exploration Corporation - Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Bhatia International Limited - India
- Carbofer General Trading SA - India
- Petron Corporation, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
- Energy Development Corp, Philippines
- Minerals Council of Australia
- Kartika Selabumi Mining - Indonesia
- Ministry of Mines - Canada
- Mercator Lines Limited - India
- European Bulk Services B.V. - Netherlands
- Dalmia Cement Bharat India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Iligan Light & Power Inc, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- San Jose City I Power Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Miang Besar Coal Terminal - Indonesia
- Star Paper Mills Limited - India
- Semirara Mining Corp, Philippines
- Kepco SPC Power Corporation, Philippines
- Metalloyd Limited - United Kingdom
- Interocean Group of Companies - India
- Petrochimia International Co. Ltd.- Taiwan
- Deloitte Consulting - India
- PTC India Limited - India
- Parry Sugars Refinery, India
- The University of Queensland
- Billiton Holdings Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Indian Oil Corporation Limited
- Medco Energi Mining Internasional
- Merrill Lynch Commodities Europe
- Videocon Industries ltd - India
- Kaltim Prima Coal - Indonesia
- Antam Resourcindo - Indonesia
- Savvy Resources Ltd - HongKong
- IHS Mccloskey Coal Group - USA
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Uttam Galva Steels Limited - India
- Price Waterhouse Coopers - Russia
- Manunggal Multi Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Planning Commission, India
- ICICI Bank Limited - India
- Bhushan Steel Limited - India
- Mjunction Services Limited - India
- Sical Logistics Limited - India
- Mintek Dendrill Indonesia
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