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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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Wednesday, 07 December 22
INDIA'S STEEL MINISTRY SEEKS IMPORT TAX WAIVER FOR COKING COAL - SOURCES REUTERS REPORTED
India’s steel ministry has asked the finance ministry for a waiver of import tax on coking coal among a slew of raw materials, as it scramble ...
Tuesday, 06 December 22
INDIA'S COAL PRODUCTION RISES 17% IN APR-NOV PERIOD - PTI
The country’s coal production increased 17 per cent to 524.20 million tonnes in the April-November period of the ongoing fiscal.
...
Tuesday, 06 December 22
INDONESIA AIMS TO STARTS COLLECTING COAL LEVY IN Q1 2023 - MINISTER, REUTERS REPORTED
Indonesia aims to establish a coal fund agency and start collecting a coal levy in the first quarter next year, to help ensure supply security for ...
Saturday, 03 December 22
COMPLEX RUSSIAN PRICE CAP MAKES MARITIME VISIBILITY A MUST - WINDWARD
Many commentators and analysts are speculating about the potential impact the Russian seaborne oil price cap will have on organizations and entitie ...
Friday, 02 December 22
INDONESIAN COAL PRICE REFERENCE PLUNGE TOWARD US$ 281.48 A TON AS DEMAND DROPS WORLDWIDE
COALspot.com: The cost of coal is falling so fast that it is beginning to put real money back in the pockets of end-users.
Indonesia ...
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Showing 176 to 180 news of total 6871 |
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- Energy Link Ltd, New Zealand
- Sree Jayajothi Cements Limited - India
- Ambuja Cements Ltd - India
- Orica Mining Services - Indonesia
- Karaikal Port Pvt Ltd - India
- Bayan Resources Tbk. - Indonesia
- Pendopo Energi Batubara - Indonesia
- SN Aboitiz Power Inc, Philippines
- Parry Sugars Refinery, India
- Chamber of Mines of South Africa
- Metalloyd Limited - United Kingdom
- Central Java Power - Indonesia
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
- Indika Energy - Indonesia
- Samtan Co., Ltd - South Korea
- AsiaOL BioFuels Corp., Philippines
- Bhatia International Limited - India
- Latin American Coal - Colombia
- Siam City Cement - Thailand
- Ind-Barath Power Infra Limited - India
- Economic Council, Georgia
- Marubeni Corporation - India
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Semirara Mining and Power Corporation, Philippines
- Bhushan Steel Limited - India
- LBH Netherlands Bv - Netherlands
- Thiess Contractors Indonesia
- Grasim Industreis Ltd - India
- Thai Mozambique Logistica
- Bukit Baiduri Energy - Indonesia
- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Indonesian Coal Mining Association
- Miang Besar Coal Terminal - Indonesia
- Mercator Lines Limited - India
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Romanian Commodities Exchange
- Pipit Mutiara Jaya. PT, Indonesia
- Sical Logistics Limited - India
- TeaM Sual Corporation - Philippines
- Rashtriya Ispat Nigam Limited - India
- ICICI Bank Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Anglo American - United Kingdom
- Essar Steel Hazira Ltd - India
- Price Waterhouse Coopers - Russia
- Videocon Industries ltd - India
- Wilmar Investment Holdings
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Medco Energi Mining Internasional
- Toyota Tsusho Corporation, Japan
- London Commodity Brokers - England
- Asmin Koalindo Tuhup - Indonesia
- The Treasury - Australian Government
- Africa Commodities Group - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Trasteel International SA, Italy
- Goldman Sachs - Singapore
- Meralco Power Generation, Philippines
- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- Malabar Cements Ltd - India
- Riau Bara Harum - Indonesia
- Minerals Council of Australia
- CNBM International Corporation - China
- Bangladesh Power Developement Board
- Leighton Contractors Pty Ltd - Australia
- Cigading International Bulk Terminal - Indonesia
- Orica Australia Pty. Ltd.
- Bharathi Cement Corporation - India
- Meenaskhi Energy Private Limited - India
- Parliament of New Zealand
- Binh Thuan Hamico - Vietnam
- Larsen & Toubro Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Billiton Holdings Pty Ltd - Australia
- Mintek Dendrill Indonesia
- Intertek Mineral Services - Indonesia
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Vedanta Resources Plc - India
- Manunggal Multi Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Port Waratah Coal Services - Australia
- Salva Resources Pvt Ltd - India
- The University of Queensland
- Straits Asia Resources Limited - Singapore
- Mjunction Services Limited - India
- San Jose City I Power Corp, Philippines
- India Bulls Power Limited - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kobexindo Tractors - Indoneisa
- Indian Energy Exchange, India
- Offshore Bulk Terminal Pte Ltd, Singapore
- GMR Energy Limited - India
- Attock Cement Pakistan Limited
- Kohat Cement Company Ltd. - Pakistan
- Sarangani Energy Corporation, Philippines
- Ministry of Mines - Canada
- Jindal Steel & Power Ltd - India
- The State Trading Corporation of India Ltd
- Sakthi Sugars Limited - India
- Electricity Authority, New Zealand
- Rio Tinto Coal - Australia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Posco Energy - South Korea
- Antam Resourcindo - Indonesia
- Tata Chemicals Ltd - India
- Madhucon Powers Ltd - India
- Borneo Indobara - Indonesia
- Cement Manufacturers Association - India
- IHS Mccloskey Coal Group - USA
- Indian Oil Corporation Limited
- Krishnapatnam Port Company Ltd. - India
- Sindya Power Generating Company Private Ltd
- Dalmia Cement Bharat India
- PetroVietnam Power Coal Import and Supply Company
- McConnell Dowell - Australia
- GN Power Mariveles Coal Plant, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Renaissance Capital - South Africa
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Eastern Energy - Thailand
- Global Green Power PLC Corporation, Philippines
- White Energy Company Limited
- South Luzon Thermal Energy Corporation
- Coal and Oil Company - UAE
- Energy Development Corp, Philippines
- ASAPP Information Group - India
- PowerSource Philippines DevCo
- Australian Coal Association
- Petrochimia International Co. Ltd.- Taiwan
- Planning Commission, India
- Altura Mining Limited, Indonesia
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- Eastern Coal Council - USA
- Xindia Steels Limited - India
- Barasentosa Lestari - Indonesia
- Australian Commodity Traders Exchange
- Interocean Group of Companies - India
- Kapuas Tunggal Persada - Indonesia
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Agrawal Coal Company - India
- Georgia Ports Authority, United States
- Simpson Spence & Young - Indonesia
- Commonwealth Bank - Australia
- MS Steel International - UAE
- Ministry of Finance - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Coastal Gujarat Power Limited - India
- Vizag Seaport Private Limited - India
- Coalindo Energy - Indonesia
- Star Paper Mills Limited - India
- SMC Global Power, Philippines
- Karbindo Abesyapradhi - Indoneisa
- Kepco SPC Power Corporation, Philippines
- Ceylon Electricity Board - Sri Lanka
- Savvy Resources Ltd - HongKong
- Holcim Trading Pte Ltd - Singapore
- Carbofer General Trading SA - India
- Therma Luzon, Inc, Philippines
- Formosa Plastics Group - Taiwan
- GAC Shipping (India) Pvt Ltd
- Standard Chartered Bank - UAE
- Power Finance Corporation Ltd., India
- Deloitte Consulting - India
- Aditya Birla Group - India
- Petron Corporation, Philippines
- PTC India Limited - India
- Merrill Lynch Commodities Europe
- Siam City Cement PLC, Thailand
- Banpu Public Company Limited - Thailand
- Semirara Mining Corp, Philippines
- Chettinad Cement Corporation Ltd - India
- VISA Power Limited - India
- Indo Tambangraya Megah - Indonesia
- Sinarmas Energy and Mining - Indonesia
- IEA Clean Coal Centre - UK
- CIMB Investment Bank - Malaysia
- International Coal Ventures Pvt Ltd - India
- Globalindo Alam Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Timah Investasi Mineral - Indoneisa
- Baramulti Group, Indonesia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indogreen Group - Indonesia
- Oldendorff Carriers - Singapore
- European Bulk Services B.V. - Netherlands
- Bukit Makmur.PT - Indonesia
- Ministry of Transport, Egypt
- Lanco Infratech Ltd - India
- Independent Power Producers Association of India
- Kartika Selabumi Mining - Indonesia
- Uttam Galva Steels Limited - India
- Global Coal Blending Company Limited - Australia
- PNOC Exploration Corporation - Philippines
- Alfred C Toepfer International GmbH - Germany
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