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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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Friday, 02 February 24
DRY BULK MARKET: THE DOWNWARD REVISION IN THE GROWTH OF CAPESIZE TONNE DAYS IN JANUARY WITH THE BCI DROPPING - MARIA BERTZELETOU
In the last week of January, the dry freight market sustained weakness in the Capesize segment, while the number of ballasters in the Southeast (SE ...
Friday, 02 February 24
COAL INDIA ACHIEVES NEARLY 80% OF ITS FY24 PRODUCTION TARGET IN TEN MONTHS - CNBCTV18
For the month of January, the company’s production grew by 9.1% from the same period last year to 78.4 Million Tonnes (MT), from 71.9 MT last ...
Thursday, 01 February 24
CHINA'S WIND, SOLAR CAPACITY TO OVERTAKE COAL IN 2024 - INDUSTRY BODY, REUTERS REPORTED
China’s installed wind and solar capacity is expected to overtake coal for the first time this year, according to industry forecasts.
&nb ...
Thursday, 01 February 24
ANTI-DEDUCTION CLAUSES: CAN A CHARTERER WITHHOLD HIRE WITHOUT AN OWNER'S CONSENT? - SKULD
KNOWLEDGE TO ELEVATE
Summary
In The Anna Dorothea, the Court found that where a charterparty provides that no deduction from hire may be m ...
Thursday, 01 February 24
INDIA REBUILDS COAL STOCKS TO ENSURE ELECTRIC RELIABILITY - REUTERS
India’s electricity supply is much more comfortable at the start of 2024 than in either 2023 or 2022 as coal production has ramped up and the ...
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Showing 41 to 45 news of total 6871 |
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- Mercuria Energy - Indonesia
- Sindya Power Generating Company Private Ltd
- Formosa Plastics Group - Taiwan
- Bhoruka Overseas - Indonesia
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- Bangladesh Power Developement Board
- Sinarmas Energy and Mining - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Petron Corporation, Philippines
- Power Finance Corporation Ltd., India
- Wilmar Investment Holdings
- Karbindo Abesyapradhi - Indoneisa
- Karaikal Port Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- The State Trading Corporation of India Ltd
- Eastern Energy - Thailand
- Kartika Selabumi Mining - Indonesia
- Grasim Industreis Ltd - India
- Ambuja Cements Ltd - India
- ICICI Bank Limited - India
- Kapuas Tunggal Persada - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- Commonwealth Bank - Australia
- Madhucon Powers Ltd - India
- Agrawal Coal Company - India
- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- Dalmia Cement Bharat India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Parry Sugars Refinery, India
- Holcim Trading Pte Ltd - Singapore
- Mintek Dendrill Indonesia
- Kobexindo Tractors - Indoneisa
- Star Paper Mills Limited - India
- International Coal Ventures Pvt Ltd - India
- Goldman Sachs - Singapore
- Barasentosa Lestari - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Planning Commission, India
- OPG Power Generation Pvt Ltd - India
- Sojitz Corporation - Japan
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- Krishnapatnam Port Company Ltd. - India
- Vedanta Resources Plc - India
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- Neyveli Lignite Corporation Ltd, - India
- Tamil Nadu electricity Board
- Bahari Cakrawala Sebuku - Indonesia
- Price Waterhouse Coopers - Russia
- Binh Thuan Hamico - Vietnam
- Trasteel International SA, Italy
- Deloitte Consulting - India
- Central Java Power - Indonesia
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Indian Energy Exchange, India
- Minerals Council of Australia
- Ministry of Transport, Egypt
- Coastal Gujarat Power Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- ASAPP Information Group - India
- Bukit Makmur.PT - Indonesia
- McConnell Dowell - Australia
- Jorong Barutama Greston.PT - Indonesia
- Therma Luzon, Inc, Philippines
- Indian Oil Corporation Limited
- Anglo American - United Kingdom
- Larsen & Toubro Limited - India
- Kideco Jaya Agung - Indonesia
- San Jose City I Power Corp, Philippines
- Coal and Oil Company - UAE
- Jaiprakash Power Ventures ltd
- Wood Mackenzie - Singapore
- The Treasury - Australian Government
- Bank of Tokyo Mitsubishi UFJ Ltd
- Metalloyd Limited - United Kingdom
- SMG Consultants - Indonesia
- Siam City Cement - Thailand
- Banpu Public Company Limited - Thailand
- Xindia Steels Limited - India
- CNBM International Corporation - China
- Kepco SPC Power Corporation, Philippines
- Cement Manufacturers Association - India
- Indonesian Coal Mining Association
- Sical Logistics Limited - India
- Global Green Power PLC Corporation, Philippines
- TeaM Sual Corporation - Philippines
- New Zealand Coal & Carbon
- Manunggal Multi Energi - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Bharathi Cement Corporation - India
- South Luzon Thermal Energy Corporation
- Electricity Generating Authority of Thailand
- Central Electricity Authority - India
- Bhatia International Limited - India
- Australian Coal Association
- Orica Australia Pty. Ltd.
- PowerSource Philippines DevCo
- Renaissance Capital - South Africa
- Romanian Commodities Exchange
- Borneo Indobara - Indonesia
- PNOC Exploration Corporation - Philippines
- SMC Global Power, Philippines
- Coalindo Energy - Indonesia
- Videocon Industries ltd - India
- AsiaOL BioFuels Corp., Philippines
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Finance - Indonesia
- Edison Trading Spa - Italy
- White Energy Company Limited
- Vizag Seaport Private Limited - India
- Aditya Birla Group - India
- Africa Commodities Group - South Africa
- Global Coal Blending Company Limited - Australia
- Oldendorff Carriers - Singapore
- LBH Netherlands Bv - Netherlands
- Antam Resourcindo - Indonesia
- Global Business Power Corporation, Philippines
- Eastern Coal Council - USA
- Interocean Group of Companies - India
- GVK Power & Infra Limited - India
- Uttam Galva Steels Limited - India
- GMR Energy Limited - India
- Billiton Holdings Pty Ltd - Australia
- Bhushan Steel Limited - India
- Mjunction Services Limited - India
- Independent Power Producers Association of India
- Salva Resources Pvt Ltd - India
- PTC India Limited - India
- Bukit Baiduri Energy - Indonesia
- European Bulk Services B.V. - Netherlands
- Posco Energy - South Korea
- Jindal Steel & Power Ltd - India
- Indogreen Group - Indonesia
- IHS Mccloskey Coal Group - USA
- Latin American Coal - Colombia
- Directorate Of Revenue Intelligence - India
- Riau Bara Harum - Indonesia
- Globalindo Alam Lestari - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Gujarat Mineral Development Corp Ltd - India
- The University of Queensland
- Offshore Bulk Terminal Pte Ltd, Singapore
- SN Aboitiz Power Inc, Philippines
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Chamber of Mines of South Africa
- Georgia Ports Authority, United States
- Energy Development Corp, Philippines
- Vijayanagar Sugar Pvt Ltd - India
- Directorate General of MIneral and Coal - Indonesia
- Indika Energy - Indonesia
- Altura Mining Limited, Indonesia
- Kumho Petrochemical, South Korea
- Timah Investasi Mineral - Indoneisa
- Economic Council, Georgia
- Toyota Tsusho Corporation, Japan
- GN Power Mariveles Coal Plant, Philippines
- Kaltim Prima Coal - Indonesia
- Lanco Infratech Ltd - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Meenaskhi Energy Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Singapore Mercantile Exchange
- London Commodity Brokers - England
- Intertek Mineral Services - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Malabar Cements Ltd - India
- TNB Fuel Sdn Bhd - Malaysia
- Essar Steel Hazira Ltd - India
- Thai Mozambique Logistica
- Makarim & Taira - Indonesia
- VISA Power Limited - India
- Sakthi Sugars Limited - India
- Pendopo Energi Batubara - Indonesia
- PetroVietnam Power Coal Import and Supply Company
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bayan Resources Tbk. - Indonesia
- Ceylon Electricity Board - Sri Lanka
- MS Steel International - UAE
- Alfred C Toepfer International GmbH - Germany
- India Bulls Power Limited - India
- Carbofer General Trading SA - India
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- Baramulti Group, Indonesia
- Rio Tinto Coal - Australia
- Semirara Mining and Power Corporation, Philippines
- Medco Energi Mining Internasional
- Iligan Light & Power Inc, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Attock Cement Pakistan Limited
- Siam City Cement PLC, Thailand
- Mercator Lines Limited - India
- Simpson Spence & Young - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Sarangani Energy Corporation, Philippines
- Chettinad Cement Corporation Ltd - India
- Ind-Barath Power Infra Limited - India
- Port Waratah Coal Services - Australia
- Semirara Mining Corp, Philippines
- Parliament of New Zealand
- Standard Chartered Bank - UAE
- Thiess Contractors Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Energy Link Ltd, New Zealand
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