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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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Thursday, 14 October 21
SPIKING COAL PRICES: DON’T BLAME THE ENERGY TRANSITION - IEEFA
Volatility highlights urgency for renewables-based energy solutions
“Energy crisis.” The phrase evokes nearly-forgotten ...
Thursday, 14 October 21
EIA FORECASTS U.S. COAL PRODUCTION TOTALS 588 MMST IN 2021, UP 53 MMST YOY
U.S. coal production in EIA's forecasts totals 588 million short tons (MMst) in 2021, 53 MMst more than in 2020.
According ...
Wednesday, 13 October 21
COAL PRICES ARE ROARING BACK AMID A GLOBAL ENERGY CRUNCH - SYDNEY MORNING HERALD
Soaring coal prices have placed Australia’s mining and energy exports on track to reach a record $349 billion this year evenas the value of t ...
Wednesday, 13 October 21
CHINA ISN'T THE ONLY HUGE ASIAN ECONOMY WITH A COAL SHORTAGE NOW - CNBC
China is not the only Asian giant grappling with an energy crunch — India is also teetering on the edge of a power crisis.
Mos ...
Wednesday, 13 October 21
MARKET INSIGHT - INTERMODAL
Following up on our insight on May 2021, where we discussed about the Capesize market outlook for the second half of the year, we are pleased to se ...
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- Commonwealth Bank - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Borneo Indobara - Indonesia
- Maheswari Brothers Coal Limited - India
- Sical Logistics Limited - India
- Tamil Nadu electricity Board
- Power Finance Corporation Ltd., India
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- Pipit Mutiara Jaya. PT, Indonesia
- Edison Trading Spa - Italy
- Star Paper Mills Limited - India
- Samtan Co., Ltd - South Korea
- GMR Energy Limited - India
- Carbofer General Trading SA - India
- Siam City Cement - Thailand
- Krishnapatnam Port Company Ltd. - India
- Kaltim Prima Coal - Indonesia
- Riau Bara Harum - Indonesia
- Bangladesh Power Developement Board
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Sinarmas Energy and Mining - Indonesia
- Medco Energi Mining Internasional
- Energy Link Ltd, New Zealand
- Coalindo Energy - Indonesia
- Parry Sugars Refinery, India
- Tata Chemicals Ltd - India
- PNOC Exploration Corporation - Philippines
- Indogreen Group - Indonesia
- White Energy Company Limited
- Vijayanagar Sugar Pvt Ltd - India
- Orica Mining Services - Indonesia
- Kartika Selabumi Mining - Indonesia
- Dalmia Cement Bharat India
- Manunggal Multi Energi - Indonesia
- GAC Shipping (India) Pvt Ltd
- Bharathi Cement Corporation - India
- TNB Fuel Sdn Bhd - Malaysia
- Cigading International Bulk Terminal - Indonesia
- European Bulk Services B.V. - Netherlands
- Karaikal Port Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Goldman Sachs - Singapore
- Gujarat Sidhee Cement - India
- Georgia Ports Authority, United States
- Videocon Industries ltd - India
- Pendopo Energi Batubara - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Sindya Power Generating Company Private Ltd
- Neyveli Lignite Corporation Ltd, - India
- Altura Mining Limited, Indonesia
- Therma Luzon, Inc, Philippines
- Indika Energy - Indonesia
- Kideco Jaya Agung - Indonesia
- Rio Tinto Coal - Australia
- SMG Consultants - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Minerals Council of Australia
- Binh Thuan Hamico - Vietnam
- VISA Power Limited - India
- Interocean Group of Companies - India
- Eastern Coal Council - USA
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- PTC India Limited - India
- Ministry of Finance - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Directorate Of Revenue Intelligence - India
- Global Business Power Corporation, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Ceylon Electricity Board - Sri Lanka
- Trasteel International SA, Italy
- AsiaOL BioFuels Corp., Philippines
- Billiton Holdings Pty Ltd - Australia
- Aboitiz Power Corporation - Philippines
- Kumho Petrochemical, South Korea
- Australian Commodity Traders Exchange
- Central Java Power - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Toyota Tsusho Corporation, Japan
- Indian Energy Exchange, India
- Makarim & Taira - Indonesia
- Jaiprakash Power Ventures ltd
- Marubeni Corporation - India
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- Thai Mozambique Logistica
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
- Mjunction Services Limited - India
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Bhushan Steel Limited - India
- Rashtriya Ispat Nigam Limited - India
- Bayan Resources Tbk. - Indonesia
- Metalloyd Limited - United Kingdom
- Africa Commodities Group - South Africa
- ICICI Bank Limited - India
- Romanian Commodities Exchange
- Essar Steel Hazira Ltd - India
- Baramulti Group, Indonesia
- Coastal Gujarat Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- South Luzon Thermal Energy Corporation
- Australian Coal Association
- ASAPP Information Group - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Coal Blending Company Limited - Australia
- Independent Power Producers Association of India
- Cement Manufacturers Association - India
- IEA Clean Coal Centre - UK
- Central Electricity Authority - India
- Planning Commission, India
- Sakthi Sugars Limited - India
- Attock Cement Pakistan Limited
- Bulk Trading Sa - Switzerland
- PetroVietnam Power Coal Import and Supply Company
- Kalimantan Lumbung Energi - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- OPG Power Generation Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- LBH Netherlands Bv - Netherlands
- Mintek Dendrill Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ambuja Cements Ltd - India
- Energy Development Corp, Philippines
- Wilmar Investment Holdings
- Kepco SPC Power Corporation, Philippines
- Indo Tambangraya Megah - Indonesia
- Bukit Makmur.PT - Indonesia
- Anglo American - United Kingdom
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- Vedanta Resources Plc - India
- Grasim Industreis Ltd - India
- PowerSource Philippines DevCo
- Globalindo Alam Lestari - Indonesia
- Petron Corporation, Philippines
- SN Aboitiz Power Inc, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- Global Green Power PLC Corporation, Philippines
- Iligan Light & Power Inc, Philippines
- Oldendorff Carriers - Singapore
- Bhatia International Limited - India
- International Coal Ventures Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- India Bulls Power Limited - India
- Barasentosa Lestari - Indonesia
- Bhoruka Overseas - Indonesia
- Indian Oil Corporation Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Economic Council, Georgia
- Heidelberg Cement - Germany
- Semirara Mining and Power Corporation, Philippines
- Madhucon Powers Ltd - India
- Orica Australia Pty. Ltd.
- Asmin Koalindo Tuhup - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Gujarat Electricity Regulatory Commission - India
- Ind-Barath Power Infra Limited - India
- Straits Asia Resources Limited - Singapore
- Sojitz Corporation - Japan
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Chettinad Cement Corporation Ltd - India
- Renaissance Capital - South Africa
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- The State Trading Corporation of India Ltd
- Merrill Lynch Commodities Europe
- Vizag Seaport Private Limited - India
- Mercator Lines Limited - India
- Siam City Cement PLC, Thailand
- Indonesian Coal Mining Association
- Agrawal Coal Company - India
- Latin American Coal - Colombia
- Sree Jayajothi Cements Limited - India
- Posco Energy - South Korea
- Parliament of New Zealand
- Bukit Baiduri Energy - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Lanco Infratech Ltd - India
- Malabar Cements Ltd - India
- Coal and Oil Company - UAE
- MS Steel International - UAE
- Jindal Steel & Power Ltd - India
- Intertek Mineral Services - Indonesia
- Semirara Mining Corp, Philippines
- The Treasury - Australian Government
- Xindia Steels Limited - India
- Formosa Plastics Group - Taiwan
- The University of Queensland
- New Zealand Coal & Carbon
- Standard Chartered Bank - UAE
- San Jose City I Power Corp, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Salva Resources Pvt Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Simpson Spence & Young - Indonesia
- Port Waratah Coal Services - Australia
- Antam Resourcindo - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Ministry of Transport, Egypt
- TeaM Sual Corporation - Philippines
- SMC Global Power, Philippines
- London Commodity Brokers - England
- GN Power Mariveles Coal Plant, Philippines
- Thiess Contractors Indonesia
- Ministry of Mines - Canada
- Eastern Energy - Thailand
- McConnell Dowell - Australia
- Electricity Generating Authority of Thailand
- Larsen & Toubro Limited - India
- Meenaskhi Energy Private Limited - India
- Price Waterhouse Coopers - Russia
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