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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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Saturday, 11 September 21
RECORD CHINESE COAL FUTURES SIGNAL NEED TO BOOST OUTPUT - REUTERS
China’s coal prices have climbed to a record high, signaling the need for more production in the short term, even as the government tries to ...
Saturday, 11 September 21
IN 2022, EIA EXPECTS U.S. COAL PRODUCTION TO INCREASE BY 47 MMST TO 648 MMST
U.S. Coal production accordng to EIA's forecast, totals 601 million short tons (MMst) in 2021, 66 MMst more than in 2020, EIA's Short-Term ...
Wednesday, 08 September 21
FITCH RATINGS RAISES THERMAL COAL PRICE ASSUMPTIONS ON TIGHT SUPPLY
Fitch Ratings has increased all its Qinhuangdao 5,500kcal/kg price assumptions and short- and medium-term Newcastle 6,000kcal/kg price assumptions ...
Wednesday, 08 September 21
COAL IS STILL KING; INDONESIAN COAL PRICE REFERENCE ABOVE $150 FOR FIRST TIME IN HISTORY
COALspot.com: The Indonesian Coal Price Reference rose dramatically from US$ 127.05 in February 2011, to a peak of US$ 150.03 in September 2021, be ...
Wednesday, 08 September 21
MARKET INSIGHT - INTERMODAL
Last August was extremely hot in the dry bulk market with rates rising at levels that we have years to witness. The dry bulk index exceeded the 4,0 ...
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- Kohat Cement Company Ltd. - Pakistan
- Wood Mackenzie - Singapore
- SN Aboitiz Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Jorong Barutama Greston.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Bayan Resources Tbk. - Indonesia
- Latin American Coal - Colombia
- Simpson Spence & Young - Indonesia
- Sojitz Corporation - Japan
- Baramulti Group, Indonesia
- Kartika Selabumi Mining - Indonesia
- Mjunction Services Limited - India
- Asmin Koalindo Tuhup - Indonesia
- Semirara Mining Corp, Philippines
- Global Green Power PLC Corporation, Philippines
- Georgia Ports Authority, United States
- Larsen & Toubro Limited - India
- Wilmar Investment Holdings
- Petron Corporation, Philippines
- New Zealand Coal & Carbon
- Electricity Generating Authority of Thailand
- Anglo American - United Kingdom
- Indika Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Coal and Oil Company - UAE
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Krishnapatnam Port Company Ltd. - India
- Kalimantan Lumbung Energi - Indonesia
- VISA Power Limited - India
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- TNB Fuel Sdn Bhd - Malaysia
- PowerSource Philippines DevCo
- White Energy Company Limited
- OPG Power Generation Pvt Ltd - India
- Siam City Cement - Thailand
- Petrochimia International Co. Ltd.- Taiwan
- Rio Tinto Coal - Australia
- Australian Commodity Traders Exchange
- IHS Mccloskey Coal Group - USA
- Aboitiz Power Corporation - Philippines
- PetroVietnam Power Coal Import and Supply Company
- Sarangani Energy Corporation, Philippines
- Antam Resourcindo - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Renaissance Capital - South Africa
- Interocean Group of Companies - India
- Miang Besar Coal Terminal - Indonesia
- GMR Energy Limited - India
- Planning Commission, India
- ICICI Bank Limited - India
- Agrawal Coal Company - India
- Formosa Plastics Group - Taiwan
- Bhatia International Limited - India
- Mercator Lines Limited - India
- McConnell Dowell - Australia
- Independent Power Producers Association of India
- Directorate General of MIneral and Coal - Indonesia
- Power Finance Corporation Ltd., India
- Parry Sugars Refinery, India
- Deloitte Consulting - India
- Makarim & Taira - Indonesia
- Orica Australia Pty. Ltd.
- Banpu Public Company Limited - Thailand
- Port Waratah Coal Services - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Global Business Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Uttam Galva Steels Limited - India
- Semirara Mining and Power Corporation, Philippines
- Eastern Coal Council - USA
- Kideco Jaya Agung - Indonesia
- Jaiprakash Power Ventures ltd
- Indo Tambangraya Megah - Indonesia
- CNBM International Corporation - China
- Riau Bara Harum - Indonesia
- Bulk Trading Sa - Switzerland
- Parliament of New Zealand
- Orica Mining Services - Indonesia
- Metalloyd Limited - United Kingdom
- Gujarat Sidhee Cement - India
- Heidelberg Cement - Germany
- International Coal Ventures Pvt Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Karaikal Port Pvt Ltd - India
- SMG Consultants - Indonesia
- Merrill Lynch Commodities Europe
- Bhushan Steel Limited - India
- London Commodity Brokers - England
- MS Steel International - UAE
- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Sindya Power Generating Company Private Ltd
- Altura Mining Limited, Indonesia
- Bukit Baiduri Energy - Indonesia
- Manunggal Multi Energi - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Kumho Petrochemical, South Korea
- European Bulk Services B.V. - Netherlands
- Straits Asia Resources Limited - Singapore
- Chamber of Mines of South Africa
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Marubeni Corporation - India
- Ministry of Transport, Egypt
- Goldman Sachs - Singapore
- Thiess Contractors Indonesia
- Meralco Power Generation, Philippines
- Pendopo Energi Batubara - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Energy Link Ltd, New Zealand
- Pipit Mutiara Jaya. PT, Indonesia
- Holcim Trading Pte Ltd - Singapore
- Ceylon Electricity Board - Sri Lanka
- Australian Coal Association
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- The State Trading Corporation of India Ltd
- Dalmia Cement Bharat India
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- Samtan Co., Ltd - South Korea
- Vedanta Resources Plc - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Maheswari Brothers Coal Limited - India
- Cement Manufacturers Association - India
- Iligan Light & Power Inc, Philippines
- Kobexindo Tractors - Indoneisa
- Aditya Birla Group - India
- Malabar Cements Ltd - India
- Gujarat Electricity Regulatory Commission - India
- GAC Shipping (India) Pvt Ltd
- Mintek Dendrill Indonesia
- Salva Resources Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Mercuria Energy - Indonesia
- Madhucon Powers Ltd - India
- Siam City Cement PLC, Thailand
- Minerals Council of Australia
- Attock Cement Pakistan Limited
- Therma Luzon, Inc, Philippines
- The University of Queensland
- Thai Mozambique Logistica
- GN Power Mariveles Coal Plant, Philippines
- Directorate Of Revenue Intelligence - India
- Sree Jayajothi Cements Limited - India
- Bangladesh Power Developement Board
- PTC India Limited - India
- India Bulls Power Limited - India
- SMC Global Power, Philippines
- Vizag Seaport Private Limited - India
- Sinarmas Energy and Mining - Indonesia
- Energy Development Corp, Philippines
- Price Waterhouse Coopers - Russia
- IEA Clean Coal Centre - UK
- Commonwealth Bank - Australia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Trasteel International SA, Italy
- Singapore Mercantile Exchange
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- San Jose City I Power Corp, Philippines
- LBH Netherlands Bv - Netherlands
- Maharashtra Electricity Regulatory Commission - India
- Neyveli Lignite Corporation Ltd, - India
- Intertek Mineral Services - Indonesia
- Ministry of Mines - Canada
- Savvy Resources Ltd - HongKong
- Ambuja Cements Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Gujarat Mineral Development Corp Ltd - India
- Sakthi Sugars Limited - India
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- Coastal Gujarat Power Limited - India
- Africa Commodities Group - South Africa
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
- Economic Council, Georgia
- Karbindo Abesyapradhi - Indoneisa
- Ind-Barath Power Infra Limited - India
- Xindia Steels Limited - India
- Oldendorff Carriers - Singapore
- Romanian Commodities Exchange
- Edison Trading Spa - Italy
- Grasim Industreis Ltd - India
- Lanco Infratech Ltd - India
- Coalindo Energy - Indonesia
- GVK Power & Infra Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Bharathi Cement Corporation - India
- Medco Energi Mining Internasional
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- Standard Chartered Bank - UAE
- Tamil Nadu electricity Board
- Sical Logistics Limited - India
- Kepco SPC Power Corporation, Philippines
- CIMB Investment Bank - Malaysia
- Posco Energy - South Korea
- Timah Investasi Mineral - Indoneisa
- PNOC Exploration Corporation - Philippines
- Tata Chemicals Ltd - India
- Borneo Indobara - Indonesia
- Central Java Power - Indonesia
- Global Coal Blending Company Limited - Australia
- Bahari Cakrawala Sebuku - Indonesia
- Eastern Energy - Thailand
- Videocon Industries ltd - India
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
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