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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, 20 October 21
MARKET INSIGHT - INTERMODAL
IMO 2020, Ballast Water Treatment regulations, Green Recycling, GHG emissions, EEXI, CII, ETS, Fit for 55, Carbon price/levy, the Poseidon Principl ...
Tuesday, 19 October 21
SPONGE IRON SECTOR MIGHT REPORT NEGATIVE GROWTH DUE TO COAL CRISIS: SIMA - PTI
The domestic sponge iron industry might report a negative growth in the ongoing December quarter “if the shortage of coal is allowed to conti ...
Tuesday, 19 October 21
COAL INDIA, THE FALL GUY FOR POWER CRISIS - INDIA EXPRESS
The post-Covid economic recovery has led to a major increase in the demand for power, both in India and globally. In India, coal-based power plants ...
Saturday, 16 October 21
SOLAR INSTALLATION SURGE PUTS INDIA ON TRACK TO CAP COAL-FIRED POWER AS EARLY AS 2024 - IEEFA
Recent increase in solar power installations could push coal to peak sooner than expected
If India keeps installing solar capacity a ...
Saturday, 16 October 21
DESPITE HIGHER COAL PRICES, U.S. COAL RECOVERY LOOKS WEAK BY MOST MEASURES - IEEFA
U.S. coal sector is locked into a long-term sectoral decline
Coal prices have surged to the highest level in years in the U.S., and have soare ...
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- Globalindo Alam Lestari - Indonesia
- Mintek Dendrill Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Meralco Power Generation, Philippines
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Bukit Makmur.PT - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Commonwealth Bank - Australia
- Aditya Birla Group - India
- Semirara Mining and Power Corporation, Philippines
- Jindal Steel & Power Ltd - India
- GMR Energy Limited - India
- Australian Coal Association
- IHS Mccloskey Coal Group - USA
- Global Coal Blending Company Limited - Australia
- Banpu Public Company Limited - Thailand
- The Treasury - Australian Government
- Economic Council, Georgia
- Savvy Resources Ltd - HongKong
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The University of Queensland
- Ministry of Transport, Egypt
- International Coal Ventures Pvt Ltd - India
- MS Steel International - UAE
- GVK Power & Infra Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Therma Luzon, Inc, Philippines
- Australian Commodity Traders Exchange
- Karbindo Abesyapradhi - Indoneisa
- Essar Steel Hazira Ltd - India
- Coal and Oil Company - UAE
- Aboitiz Power Corporation - Philippines
- Thiess Contractors Indonesia
- Sakthi Sugars Limited - India
- Samtan Co., Ltd - South Korea
- The State Trading Corporation of India Ltd
- Indo Tambangraya Megah - Indonesia
- Petron Corporation, Philippines
- Parliament of New Zealand
- Simpson Spence & Young - Indonesia
- London Commodity Brokers - England
- Goldman Sachs - Singapore
- Standard Chartered Bank - UAE
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Rio Tinto Coal - Australia
- Directorate General of MIneral and Coal - Indonesia
- Bhatia International Limited - India
- Videocon Industries ltd - India
- VISA Power Limited - India
- Siam City Cement - Thailand
- PetroVietnam Power Coal Import and Supply Company
- Grasim Industreis Ltd - India
- Riau Bara Harum - Indonesia
- IEA Clean Coal Centre - UK
- Parry Sugars Refinery, India
- Straits Asia Resources Limited - Singapore
- Georgia Ports Authority, United States
- New Zealand Coal & Carbon
- Vijayanagar Sugar Pvt Ltd - India
- Power Finance Corporation Ltd., India
- Ministry of Finance - Indonesia
- Indogreen Group - Indonesia
- Latin American Coal - Colombia
- Xindia Steels Limited - India
- Makarim & Taira - Indonesia
- Eastern Energy - Thailand
- Leighton Contractors Pty Ltd - Australia
- Larsen & Toubro Limited - India
- Ambuja Cements Ltd - India
- Timah Investasi Mineral - Indoneisa
- Wilmar Investment Holdings
- Romanian Commodities Exchange
- Ind-Barath Power Infra Limited - India
- Energy Development Corp, Philippines
- Sindya Power Generating Company Private Ltd
- Thai Mozambique Logistica
- Ministry of Mines - Canada
- Gujarat Electricity Regulatory Commission - India
- Sical Logistics Limited - India
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- Medco Energi Mining Internasional
- Binh Thuan Hamico - Vietnam
- Singapore Mercantile Exchange
- Antam Resourcindo - Indonesia
- Bharathi Cement Corporation - India
- Madhucon Powers Ltd - India
- PowerSource Philippines DevCo
- AsiaOL BioFuels Corp., Philippines
- Bayan Resources Tbk. - Indonesia
- McConnell Dowell - Australia
- Formosa Plastics Group - Taiwan
- Central Electricity Authority - India
- Neyveli Lignite Corporation Ltd, - India
- LBH Netherlands Bv - Netherlands
- Kideco Jaya Agung - Indonesia
- Marubeni Corporation - India
- Anglo American - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Wood Mackenzie - Singapore
- Petrochimia International Co. Ltd.- Taiwan
- Edison Trading Spa - Italy
- Vizag Seaport Private Limited - India
- Energy Link Ltd, New Zealand
- India Bulls Power Limited - India
- Ceylon Electricity Board - Sri Lanka
- Salva Resources Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Manunggal Multi Energi - Indonesia
- SN Aboitiz Power Inc, Philippines
- CIMB Investment Bank - Malaysia
- Krishnapatnam Port Company Ltd. - India
- Electricity Authority, New Zealand
- Jorong Barutama Greston.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Semirara Mining Corp, Philippines
- Chamber of Mines of South Africa
- Mercuria Energy - Indonesia
- Gujarat Sidhee Cement - India
- Tamil Nadu electricity Board
- Bukit Baiduri Energy - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kepco SPC Power Corporation, Philippines
- Pendopo Energi Batubara - Indonesia
- Heidelberg Cement - Germany
- Agrawal Coal Company - India
- Trasteel International SA, Italy
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- Deloitte Consulting - India
- Kartika Selabumi Mining - Indonesia
- Intertek Mineral Services - Indonesia
- Kumho Petrochemical, South Korea
- Cement Manufacturers Association - India
- Kohat Cement Company Ltd. - Pakistan
- Gujarat Mineral Development Corp Ltd - India
- PTC India Limited - India
- Eastern Coal Council - USA
- Indonesian Coal Mining Association
- Maharashtra Electricity Regulatory Commission - India
- SMC Global Power, Philippines
- Renaissance Capital - South Africa
- Bangladesh Power Developement Board
- Kobexindo Tractors - Indoneisa
- Toyota Tsusho Corporation, Japan
- Karaikal Port Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Coastal Gujarat Power Limited - India
- Orica Australia Pty. Ltd.
- Sree Jayajothi Cements Limited - India
- Iligan Light & Power Inc, Philippines
- Merrill Lynch Commodities Europe
- Barasentosa Lestari - Indonesia
- Electricity Generating Authority of Thailand
- Meenaskhi Energy Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Mercator Lines Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Interocean Group of Companies - India
- Sojitz Corporation - Japan
- Global Green Power PLC Corporation, Philippines
- Malabar Cements Ltd - India
- Star Paper Mills Limited - India
- South Luzon Thermal Energy Corporation
- Planning Commission, India
- Mjunction Services Limited - India
- CNBM International Corporation - China
- Minerals Council of Australia
- Carbofer General Trading SA - India
- Cigading International Bulk Terminal - Indonesia
- Indian Energy Exchange, India
- Bukit Asam (Persero) Tbk - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Siam City Cement PLC, Thailand
- Independent Power Producers Association of India
- Billiton Holdings Pty Ltd - Australia
- Metalloyd Limited - United Kingdom
- Chettinad Cement Corporation Ltd - India
- Orica Mining Services - Indonesia
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
- SMG Consultants - Indonesia
- San Jose City I Power Corp, Philippines
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Bhushan Steel Limited - India
- Kaltim Prima Coal - Indonesia
- Price Waterhouse Coopers - Russia
- Directorate Of Revenue Intelligence - India
- Oldendorff Carriers - Singapore
- Bahari Cakrawala Sebuku - Indonesia
- Bhoruka Overseas - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Sarangani Energy Corporation, Philippines
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- Global Business Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- GN Power Mariveles Coal Plant, Philippines
- Dalmia Cement Bharat India
- PNOC Exploration Corporation - Philippines
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Baramulti Group, Indonesia
- Port Waratah Coal Services - Australia
- Attock Cement Pakistan Limited
- Vedanta Resources Plc - India
- Indian Oil Corporation Limited
- Asia Pacific Energy Resources Ventures Inc, Philippines
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