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Tuesday, 13 December 22
STRONG COAL PRICES SUPPORT ROBUST EARNINGS AT INDONESIAN COAL MINERS - FITCH RATINGS
 Fitch Ratings expects cash flow generation at Indonesian coal miners to remain strong in 2023, based on its forecast for coal prices to remain high, even as they moderate from unprecedented levels in 2022. This should keep net leverage at manageable levels for most Fitch-rated entities, supporting adequate rating headroom.
We forecast the sector’s median EBITDA-based net leverage to remain low at 0.5x in 2023 (2022: 0.3x), underpinned by strong earnings, with coal prices staying above pre-2022 levels. Cash outlays are likely to be driven by diversification-related investments, with some miners initiating projects to move away from thermal coal amid investors’ heightened ESG concerns and tightening funding access. Nevertheless, most entities have sufficient cash buffers to support these investments. We expect capex requirements at most entities, except at PT ABM Investama Tbk (B+/Stable), to remain low, as none have major growth plans.
We also expect entities with a high accumulated cash balance to continue bond buy backs over the next 12 months, taking advantage of price discounts on their bonds to reduce debt and interest expenses. We believe the buy backs will lower refinancing requirements and improve companies’ financial flexibility amid the sector’s evolving funding access due to environmental considerations.
Source: Fitch Ratings
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Tuesday, 23 May 23
INDIA: COAL OUTPUT UP 8.9%, SUPPLY RISES 11.7% IN APRIL - FINANCIAL EXPRESS
India’s coal production jumped 8.85% to 73.14 million tonne (MT) in April 2023 and the total coal despatch during the month went up 11.66% to ...
Tuesday, 23 May 23
CHINA COAL OUTPUT UP 4.5 PCT IN APRIL - XINHUA
China’s raw coal output posted stable expansion in April, official data showed.
The country produced 380 million tonnes of raw ...
Saturday, 20 May 23
NON-OPEC OIL SUPPLY DEVELOPMENT - OPEC
In 2022, non-OPEC supply is estimated to have increased by 1.9 mb/d y-o-y. Out of this, US liquids production increased by 1.2 mb/d, mainly on the ...
Saturday, 20 May 23
GLOBAL COAL TRADE HAS REALLY PICKED UP PACE IN RECENT MONTHS, NOW FULLY BACK TO PRE-COVID LEVELS - BANCHERO COSTA
Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels. In Jan-Apr 2023, total global seaborne coa ...
Saturday, 20 May 23
MARKET INSIGHT - INTERMODAL
India is one of the world's largest coal producers and one of the world's largest importers of coal. The country uses coal mainly for power ...
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Showing 101 to 105 news of total 6871 |
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- Madhucon Powers Ltd - India
- Makarim & Taira - Indonesia
- Metalloyd Limited - United Kingdom
- Pipit Mutiara Jaya. PT, Indonesia
- Barasentosa Lestari - Indonesia
- Kobexindo Tractors - Indoneisa
- Iligan Light & Power Inc, Philippines
- Price Waterhouse Coopers - Russia
- Carbofer General Trading SA - India
- CIMB Investment Bank - Malaysia
- Power Finance Corporation Ltd., India
- Bukit Baiduri Energy - Indonesia
- Georgia Ports Authority, United States
- GN Power Mariveles Coal Plant, Philippines
- India Bulls Power Limited - India
- Simpson Spence & Young - Indonesia
- Altura Mining Limited, Indonesia
- Riau Bara Harum - Indonesia
- Savvy Resources Ltd - HongKong
- Cement Manufacturers Association - India
- PetroVietnam Power Coal Import and Supply Company
- Economic Council, Georgia
- Mjunction Services Limited - India
- Meenaskhi Energy Private Limited - India
- Sree Jayajothi Cements Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Krishnapatnam Port Company Ltd. - India
- Karaikal Port Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Neyveli Lignite Corporation Ltd, - India
- Baramulti Group, Indonesia
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Planning Commission, India
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- Bharathi Cement Corporation - India
- Central Java Power - Indonesia
- Sical Logistics Limited - India
- Marubeni Corporation - India
- PowerSource Philippines DevCo
- Bangladesh Power Developement Board
- Heidelberg Cement - Germany
- Kartika Selabumi Mining - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Tamil Nadu electricity Board
- Bulk Trading Sa - Switzerland
- Coalindo Energy - Indonesia
- Australian Coal Association
- Chamber of Mines of South Africa
- Independent Power Producers Association of India
- Singapore Mercantile Exchange
- Mercator Lines Limited - India
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- Ministry of Transport, Egypt
- Holcim Trading Pte Ltd - Singapore
- Interocean Group of Companies - India
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Bayan Resources Tbk. - Indonesia
- Global Business Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Dalmia Cement Bharat India
- Miang Besar Coal Terminal - Indonesia
- Directorate General of MIneral and Coal - Indonesia
- Sojitz Corporation - Japan
- Salva Resources Pvt Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Maheswari Brothers Coal Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Timah Investasi Mineral - Indoneisa
- Jorong Barutama Greston.PT - Indonesia
- Ambuja Cements Ltd - India
- MS Steel International - UAE
- Africa Commodities Group - South Africa
- Energy Link Ltd, New Zealand
- New Zealand Coal & Carbon
- International Coal Ventures Pvt Ltd - India
- Attock Cement Pakistan Limited
- GVK Power & Infra Limited - India
- Indian Energy Exchange, India
- Globalindo Alam Lestari - Indonesia
- Global Green Power PLC Corporation, Philippines
- ASAPP Information Group - India
- Kepco SPC Power Corporation, Philippines
- The Treasury - Australian Government
- Orica Australia Pty. Ltd.
- Indika Energy - Indonesia
- Global Coal Blending Company Limited - Australia
- Binh Thuan Hamico - Vietnam
- Maharashtra Electricity Regulatory Commission - India
- Bukit Makmur.PT - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Xindia Steels Limited - India
- Gujarat Sidhee Cement - India
- Rio Tinto Coal - Australia
- Kumho Petrochemical, South Korea
- Essar Steel Hazira Ltd - India
- Deloitte Consulting - India
- VISA Power Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Parry Sugars Refinery, India
- Posco Energy - South Korea
- Kohat Cement Company Ltd. - Pakistan
- Latin American Coal - Colombia
- Eastern Energy - Thailand
- Wilmar Investment Holdings
- Port Waratah Coal Services - Australia
- Coal and Oil Company - UAE
- Asmin Koalindo Tuhup - Indonesia
- Medco Energi Mining Internasional
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- South Luzon Thermal Energy Corporation
- Edison Trading Spa - Italy
- Ind-Barath Power Infra Limited - India
- SN Aboitiz Power Inc, Philippines
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Gujarat Mineral Development Corp Ltd - India
- Romanian Commodities Exchange
- Oldendorff Carriers - Singapore
- Indo Tambangraya Megah - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Siam City Cement - Thailand
- Commonwealth Bank - Australia
- Formosa Plastics Group - Taiwan
- PTC India Limited - India
- Larsen & Toubro Limited - India
- Kaltim Prima Coal - Indonesia
- Bhatia International Limited - India
- Pendopo Energi Batubara - Indonesia
- Samtan Co., Ltd - South Korea
- European Bulk Services B.V. - Netherlands
- Bhushan Steel Limited - India
- Tata Chemicals Ltd - India
- Merrill Lynch Commodities Europe
- White Energy Company Limited
- Jindal Steel & Power Ltd - India
- Electricity Generating Authority of Thailand
- Siam City Cement PLC, Thailand
- Mercuria Energy - Indonesia
- Renaissance Capital - South Africa
- Parliament of New Zealand
- Thiess Contractors Indonesia
- LBH Netherlands Bv - Netherlands
- Minerals Council of Australia
- Central Electricity Authority - India
- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
- CNBM International Corporation - China
- Bhoruka Overseas - Indonesia
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Alfred C Toepfer International GmbH - Germany
- IEA Clean Coal Centre - UK
- Petron Corporation, Philippines
- Indogreen Group - Indonesia
- The University of Queensland
- Meralco Power Generation, Philippines
- Vizag Seaport Private Limited - India
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- Indonesian Coal Mining Association
- Vedanta Resources Plc - India
- Borneo Indobara - Indonesia
- Therma Luzon, Inc, Philippines
- Goldman Sachs - Singapore
- Kapuas Tunggal Persada - Indonesia
- Straits Asia Resources Limited - Singapore
- Electricity Authority, New Zealand
- PNOC Exploration Corporation - Philippines
- OPG Power Generation Pvt Ltd - India
- Sakthi Sugars Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Antam Resourcindo - Indonesia
- Lanco Infratech Ltd - India
- Standard Chartered Bank - UAE
- Manunggal Multi Energi - Indonesia
- AsiaOL BioFuels Corp., Philippines
- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
- Thai Mozambique Logistica
- Agrawal Coal Company - India
- Semirara Mining Corp, Philippines
- Mintek Dendrill Indonesia
- Kideco Jaya Agung - Indonesia
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Toyota Tsusho Corporation, Japan
- SMG Consultants - Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
- GAC Shipping (India) Pvt Ltd
- Cigading International Bulk Terminal - Indonesia
- Sindya Power Generating Company Private Ltd
- Intertek Mineral Services - Indonesia
- San Jose City I Power Corp, Philippines
- Aditya Birla Group - India
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- Aboitiz Power Corporation - Philippines
- Eastern Coal Council - USA
- Wood Mackenzie - Singapore
- GMR Energy Limited - India
- Malabar Cements Ltd - India
- Ceylon Electricity Board - Sri Lanka
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