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Thursday, 08 March 12
INDONESIA'S COAL SECTOR CAN BENEFIT FROM CLEARER REGULATIONS - FITCH RATINGS
Fitch Ratings says Indonesia's coal mining sector should continue to see strong growth prospects but can benefit from clearer and more predictable regulations.
"Fitch expects medium term demand supply dynamics for thermal coal to remain well balanced, leading to healthy prices and strong operational cash flows for Indonesian coal miners," says Shahim Zubair, Associate Director in Fitch's Asia-Pacific Energy & Utilities team. Low production costs are a major advantage for Indonesian coal producers.
In a special report, Fitch notes that the regulatory environment of the Indonesian coal industry is in a state of transition. Further clarity is required on certain major aspects, including the proposed ban on low-rank coal exports. If implemented, the ban can hit certain operators who have significant reserves in low-rank coal. Most of the large coal miners in Indonesia are export-oriented and their coal reserves are either below or marginally above this threshold.
"It is a tough act to balance the health of the industry against long-term domestic energy security of Indonesia" says Mr Zubair. "Fitch believes that Indonesia will take a pragmatic approach to industry regulations as failing to do so can have negative consequences for the sector in the long-run."
Fitch notes the sector's rapid expansion of production and acquisition of coal reserves. A number of operators have acquired, and will continue to acquire, green-field projects which generally entail higher operational and financial risks. However, as long as risks associated with such projects are sufficiently addressed and green-field project development exposure contained, these do not necessarily pose a significant threat to credit profiles.
Credit profiles of Indonesian coal miners remain sub-investment grade, owing to limited mine site diversification, evolving mining regulations, debt-funded expansion and, in some instances, corporate governance issues.
The full report "Indonesia: Coal Mining - Strong Medium-term Outlook; Clearer Regulations Highly Desirable" is available at 'www.fitchratings.com'.
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Wednesday, 04 April 12
CHURCHILL MINING TO ACCELERATE INTERNATIONAL ARBITRATION AGAINST INDONESIA
Churchill Mining plc (AIM: CHL), advises that notations on the Indonesian Supreme Court's register of cases shows the Supreme Court has rejected th ...
Monday, 02 April 12
BANGLADESH EYEING INDONESIA FOR COAL
COALspot.com - The high level executives of Center for Environmental and Geographic Information Services (CEGIS) of Bangladesh is visiting Ind ...
Monday, 02 April 12
WEEKLY DRY MARKET OVERVIEW - MARIA BERTZELETOU, HELLENIC SHIPPING
The first quarter of the New Year ended with the BDI standing 42% above from the 26 years’ bottom low of 662 points on February 1st, and a pos ...
Saturday, 31 March 12
THE BDI CONTINUED TO MOVE UPWARD - VISTAAR
COALspot.com - The BDI continued to move upward and rose by 2.86 pct closing at 934 points.
The cape index was up by 3.14 pct closing at 1,412 po ...
Saturday, 31 March 12
SRI LANKA IMPORTS 152,555 MT OF INDONESIAN COAL IN FEBRUARY
COALspot.com: Indonesia, the world largest coal exporter, shipped 27.126* million tons of coal in February 2012, compared to 28.21* million to ...
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- Latin American Coal - Colombia
- Ceylon Electricity Board - Sri Lanka
- Orica Australia Pty. Ltd.
- Videocon Industries ltd - India
- Sree Jayajothi Cements Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Global Green Power PLC Corporation, Philippines
- Marubeni Corporation - India
- Uttam Galva Steels Limited - India
- Global Business Power Corporation, Philippines
- Kideco Jaya Agung - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- Parry Sugars Refinery, India
- TNB Fuel Sdn Bhd - Malaysia
- Coastal Gujarat Power Limited - India
- Global Coal Blending Company Limited - Australia
- Maheswari Brothers Coal Limited - India
- Aditya Birla Group - India
- Merrill Lynch Commodities Europe
- Thai Mozambique Logistica
- Jorong Barutama Greston.PT - Indonesia
- Orica Mining Services - Indonesia
- Rashtriya Ispat Nigam Limited - India
- Madhucon Powers Ltd - India
- Petron Corporation, Philippines
- PTC India Limited - India
- Mjunction Services Limited - India
- Ministry of Mines - Canada
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Intertek Mineral Services - Indonesia
- Cement Manufacturers Association - India
- Leighton Contractors Pty Ltd - Australia
- IHS Mccloskey Coal Group - USA
- Pipit Mutiara Jaya. PT, Indonesia
- Globalindo Alam Lestari - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Simpson Spence & Young - Indonesia
- Tata Chemicals Ltd - India
- Energy Development Corp, Philippines
- Asmin Koalindo Tuhup - Indonesia
- Kaltim Prima Coal - Indonesia
- SN Aboitiz Power Inc, Philippines
- Tamil Nadu electricity Board
- SMC Global Power, Philippines
- India Bulls Power Limited - India
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- Renaissance Capital - South Africa
- Siam City Cement - Thailand
- Sinarmas Energy and Mining - Indonesia
- Altura Mining Limited, Indonesia
- Ambuja Cements Ltd - India
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Chettinad Cement Corporation Ltd - India
- Straits Asia Resources Limited - Singapore
- Bhoruka Overseas - Indonesia
- Sakthi Sugars Limited - India
- Kobexindo Tractors - Indoneisa
- Bharathi Cement Corporation - India
- Directorate Of Revenue Intelligence - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- GMR Energy Limited - India
- Interocean Group of Companies - India
- Antam Resourcindo - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Salva Resources Pvt Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- New Zealand Coal & Carbon
- Indo Tambangraya Megah - Indonesia
- Malabar Cements Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Electricity Regulatory Commission - India
- GN Power Mariveles Coal Plant, Philippines
- Independent Power Producers Association of India
- Ministry of Finance - Indonesia
- MS Steel International - UAE
- Deloitte Consulting - India
- Billiton Holdings Pty Ltd - Australia
- Romanian Commodities Exchange
- Ministry of Transport, Egypt
- The University of Queensland
- Bukit Baiduri Energy - Indonesia
- McConnell Dowell - Australia
- TeaM Sual Corporation - Philippines
- ASAPP Information Group - India
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- Lanco Infratech Ltd - India
- Electricity Authority, New Zealand
- Oldendorff Carriers - Singapore
- Sarangani Energy Corporation, Philippines
- VISA Power Limited - India
- Bhatia International Limited - India
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Heidelberg Cement - Germany
- Indian Oil Corporation Limited
- Aboitiz Power Corporation - Philippines
- Savvy Resources Ltd - HongKong
- Kohat Cement Company Ltd. - Pakistan
- Meralco Power Generation, Philippines
- Electricity Generating Authority of Thailand
- The Treasury - Australian Government
- Indonesian Coal Mining Association
- Eastern Energy - Thailand
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Kepco SPC Power Corporation, Philippines
- Banpu Public Company Limited - Thailand
- Siam City Cement PLC, Thailand
- Sindya Power Generating Company Private Ltd
- Holcim Trading Pte Ltd - Singapore
- Economic Council, Georgia
- IEA Clean Coal Centre - UK
- Thiess Contractors Indonesia
- European Bulk Services B.V. - Netherlands
- Metalloyd Limited - United Kingdom
- Mintek Dendrill Indonesia
- South Luzon Thermal Energy Corporation
- Karbindo Abesyapradhi - Indoneisa
- Port Waratah Coal Services - Australia
- Mercuria Energy - Indonesia
- Chamber of Mines of South Africa
- Kartika Selabumi Mining - Indonesia
- Borneo Indobara - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kumho Petrochemical, South Korea
- Central Java Power - Indonesia
- Africa Commodities Group - South Africa
- Jaiprakash Power Ventures ltd
- Meenaskhi Energy Private Limited - India
- Attock Cement Pakistan Limited
- Grasim Industreis Ltd - India
- Australian Commodity Traders Exchange
- Petrochimia International Co. Ltd.- Taiwan
- White Energy Company Limited
- Parliament of New Zealand
- Goldman Sachs - Singapore
- Alfred C Toepfer International GmbH - Germany
- Bukit Makmur.PT - Indonesia
- Medco Energi Mining Internasional
- Power Finance Corporation Ltd., India
- Rio Tinto Coal - Australia
- PNOC Exploration Corporation - Philippines
- Bukit Asam (Persero) Tbk - Indonesia
- Barasentosa Lestari - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- ICICI Bank Limited - India
- Energy Link Ltd, New Zealand
- Posco Energy - South Korea
- Bulk Trading Sa - Switzerland
- CNBM International Corporation - China
- Semirara Mining Corp, Philippines
- Ind-Barath Power Infra Limited - India
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Karaikal Port Pvt Ltd - India
- Trasteel International SA, Italy
- Georgia Ports Authority, United States
- Price Waterhouse Coopers - Russia
- Australian Coal Association
- Indika Energy - Indonesia
- CIMB Investment Bank - Malaysia
- Planning Commission, India
- Xindia Steels Limited - India
- Indian Energy Exchange, India
- PowerSource Philippines DevCo
- Agrawal Coal Company - India
- Larsen & Toubro Limited - India
- Bangladesh Power Developement Board
- OPG Power Generation Pvt Ltd - India
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- Binh Thuan Hamico - Vietnam
- Vijayanagar Sugar Pvt Ltd - India
- SMG Consultants - Indonesia
- Essar Steel Hazira Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Manunggal Multi Energi - Indonesia
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- Vizag Seaport Private Limited - India
- London Commodity Brokers - England
- LBH Netherlands Bv - Netherlands
- Mercator Lines Limited - India
- Coalindo Energy - Indonesia
- Commonwealth Bank - Australia
- International Coal Ventures Pvt Ltd - India
- Dalmia Cement Bharat India
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- San Jose City I Power Corp, Philippines
- Sojitz Corporation - Japan
- Bayan Resources Tbk. - Indonesia
- Coal and Oil Company - UAE
- Timah Investasi Mineral - Indoneisa
- Samtan Co., Ltd - South Korea
- Minerals Council of Australia
- Directorate General of MIneral and Coal - Indonesia
- Sical Logistics Limited - India
- Central Electricity Authority - India
- Wilmar Investment Holdings
- Bhushan Steel Limited - India
- Indogreen Group - Indonesia
- Anglo American - United Kingdom
- Formosa Plastics Group - Taiwan
- Eastern Coal Council - USA
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Baramulti Group, Indonesia
- Pendopo Energi Batubara - Indonesia
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