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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, 17 August 22
PAXOCEAN, HONG LAM MARINE AND BUREAU VERITAS SIGN MOU TO DEVELOP AMMONIA BUNKER VESSEL DESIGN - BUREAU VERITAS
PaxOcean Engineering Pte. Ltd. has signed a Memorandum of Understanding (MOU) with Singapore-based bunker vessel operator Hong Lam Marine and class ...
Wednesday, 17 August 22
GOODFUELSS ASIA-PACIFIC BRANCH KICKSTARTS SUSTAINABLE BIOFUEL DELIVERIES WITH NYK AS FIRST CLIENT - GOOD FUELS
GoodFuels, the leading biofuels pioneer for the global transport industry, has today announced that it has successfully supplied sustainable marine ...
Tuesday, 16 August 22
EU BAN ON RUSSIAN COAL IMPORTS COMES INTO FORCE - DEUTSCHE WELLE
The European Union banned Russian coal imports in response to the invasion of Ukraine as part of sanctions in April. Since then, it’s been sc ...
Thursday, 11 August 22
MARKET INSIGHT - INTERMODAL
On July 22nd, Ukraine signed a deal with Russia to release 22mn tons of grain from Ukraine’s 3 major ports (Yuzhny, Chornomorsk, Odesa). Such ...
Wednesday, 10 August 22
THE FUTURE OF COAL: EIGHT KEY THEMES FROM THE GLOBAL COAL FORUM - WOOD MACKENZIE
Coal investors face a multi-layered and unavoidable challenge: markets distorted by war, trade constraints and the existential threat of the energy ...
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Showing 261 to 265 news of total 6871 |
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- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Merrill Lynch Commodities Europe
- Marubeni Corporation - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Global Green Power PLC Corporation, Philippines
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- SN Aboitiz Power Inc, Philippines
- Indogreen Group - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Tamil Nadu electricity Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Altura Mining Limited, Indonesia
- London Commodity Brokers - England
- Chamber of Mines of South Africa
- Planning Commission, India
- Xindia Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Leighton Contractors Pty Ltd - Australia
- Karaikal Port Pvt Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- Binh Thuan Hamico - Vietnam
- Jindal Steel & Power Ltd - India
- Bhushan Steel Limited - India
- New Zealand Coal & Carbon
- Billiton Holdings Pty Ltd - Australia
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- Energy Development Corp, Philippines
- Salva Resources Pvt Ltd - India
- Eastern Coal Council - USA
- Kumho Petrochemical, South Korea
- Jorong Barutama Greston.PT - Indonesia
- Oldendorff Carriers - Singapore
- Aboitiz Power Corporation - Philippines
- Carbofer General Trading SA - India
- Miang Besar Coal Terminal - Indonesia
- Australian Commodity Traders Exchange
- Eastern Energy - Thailand
- CNBM International Corporation - China
- Vedanta Resources Plc - India
- ASAPP Information Group - India
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Mines - Canada
- Riau Bara Harum - Indonesia
- Trasteel International SA, Italy
- Maheswari Brothers Coal Limited - India
- Barasentosa Lestari - Indonesia
- Global Business Power Corporation, Philippines
- Orica Mining Services - Indonesia
- India Bulls Power Limited - India
- Indonesian Coal Mining Association
- Agrawal Coal Company - India
- European Bulk Services B.V. - Netherlands
- Mercuria Energy - Indonesia
- Africa Commodities Group - South Africa
- Larsen & Toubro Limited - India
- Wood Mackenzie - Singapore
- Latin American Coal - Colombia
- GN Power Mariveles Coal Plant, Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Madhucon Powers Ltd - India
- Timah Investasi Mineral - Indoneisa
- Minerals Council of Australia
- Bhatia International Limited - India
- MS Steel International - UAE
- Directorate General of MIneral and Coal - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Kaltim Prima Coal - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- Borneo Indobara - Indonesia
- Heidelberg Cement - Germany
- OPG Power Generation Pvt Ltd - India
- Deloitte Consulting - India
- PNOC Exploration Corporation - Philippines
- PowerSource Philippines DevCo
- Alfred C Toepfer International GmbH - Germany
- Formosa Plastics Group - Taiwan
- Krishnapatnam Port Company Ltd. - India
- Meralco Power Generation, Philippines
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- Australian Coal Association
- Kartika Selabumi Mining - Indonesia
- Essar Steel Hazira Ltd - India
- Goldman Sachs - Singapore
- Siam City Cement - Thailand
- Tata Chemicals Ltd - India
- Global Coal Blending Company Limited - Australia
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- White Energy Company Limited
- Orica Australia Pty. Ltd.
- Bulk Trading Sa - Switzerland
- SMG Consultants - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- PetroVietnam Power Coal Import and Supply Company
- Directorate Of Revenue Intelligence - India
- IEA Clean Coal Centre - UK
- South Luzon Thermal Energy Corporation
- Meenaskhi Energy Private Limited - India
- Mjunction Services Limited - India
- Ambuja Cements Ltd - India
- Power Finance Corporation Ltd., India
- Edison Trading Spa - Italy
- Central Java Power - Indonesia
- GAC Shipping (India) Pvt Ltd
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
- Parry Sugars Refinery, India
- Bayan Resources Tbk. - Indonesia
- Lanco Infratech Ltd - India
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- IHS Mccloskey Coal Group - USA
- Holcim Trading Pte Ltd - Singapore
- SMC Global Power, Philippines
- Intertek Mineral Services - Indonesia
- Thiess Contractors Indonesia
- Petron Corporation, Philippines
- Ind-Barath Power Infra Limited - India
- The Treasury - Australian Government
- Interocean Group of Companies - India
- Malabar Cements Ltd - India
- Straits Asia Resources Limited - Singapore
- TeaM Sual Corporation - Philippines
- Vizag Seaport Private Limited - India
- Kobexindo Tractors - Indoneisa
- Port Waratah Coal Services - Australia
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- Savvy Resources Ltd - HongKong
- Kapuas Tunggal Persada - Indonesia
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Manunggal Multi Energi - Indonesia
- CIMB Investment Bank - Malaysia
- Videocon Industries ltd - India
- Cement Manufacturers Association - India
- Neyveli Lignite Corporation Ltd, - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Posco Energy - South Korea
- Bahari Cakrawala Sebuku - Indonesia
- Iligan Light & Power Inc, Philippines
- Indian Energy Exchange, India
- Thai Mozambique Logistica
- Chettinad Cement Corporation Ltd - India
- Georgia Ports Authority, United States
- Independent Power Producers Association of India
- Globalindo Alam Lestari - Indonesia
- Ceylon Electricity Board - Sri Lanka
- VISA Power Limited - India
- Aditya Birla Group - India
- Anglo American - United Kingdom
- Kalimantan Lumbung Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Antam Resourcindo - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Ministry of Transport, Egypt
- The University of Queensland
- Singapore Mercantile Exchange
- Attock Cement Pakistan Limited
- Electricity Authority, New Zealand
- Therma Luzon, Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- San Jose City I Power Corp, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Sarangani Energy Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Parliament of New Zealand
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Bhoruka Overseas - Indonesia
- Energy Link Ltd, New Zealand
- Medco Energi Mining Internasional
- Siam City Cement PLC, Thailand
- Samtan Co., Ltd - South Korea
- Jaiprakash Power Ventures ltd
- Makarim & Taira - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Banpu Public Company Limited - Thailand
- ICICI Bank Limited - India
- Baramulti Group, Indonesia
- International Coal Ventures Pvt Ltd - India
- Star Paper Mills Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Central Electricity Authority - India
- The State Trading Corporation of India Ltd
- Kideco Jaya Agung - Indonesia
- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Coal and Oil Company - UAE
- Metalloyd Limited - United Kingdom
- Indo Tambangraya Megah - Indonesia
- Sindya Power Generating Company Private Ltd
- Maharashtra Electricity Regulatory Commission - India
- GMR Energy Limited - India
- Semirara Mining Corp, Philippines
- McConnell Dowell - Australia
- Bharathi Cement Corporation - India
- Economic Council, Georgia
- Mintek Dendrill Indonesia
- Electricity Generating Authority of Thailand
- Sical Logistics Limited - India
- Kepco SPC Power Corporation, Philippines
- Grasim Industreis Ltd - India
- PTC India Limited - India
- Price Waterhouse Coopers - Russia
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- Indian Oil Corporation Limited
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