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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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Thursday, 22 March 12
ECI-CHINA HANDY RATES ARE AROUND US$ 8000 - FEARNLEYS
Handy
Another positive trend was seen last week with more cargoes entering the market. Skaw-Passero/US Gulf climbed slowly up to USD 3700, while US ...
Thursday, 22 March 12
DRY BULK MARKET KEEPS SURGING, CAPESIZES FALLING - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
In what seems to be an establishing pattern, the dry bulk market has kept its upward momentum, edging closer to the 900 point-mark, but the larger s ...
Wednesday, 21 March 12
BUMA HAS PRODUCED 2.3 MILLION TONS OF COAL IN FEBRUARY 2012
COALspot.com - PT. Delta Dunia Makmur's overburden removal in February 2012 has reached totaled 23.8 million bcm (+2.4% YoY) while coal production ...
Tuesday, 20 March 12
SMALLER DRY BULK VESSELS STILL LEADING DRY BULK MARKET TO HIGHER GROUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has been growing during the past couple of weeks, but contrary to the usual practice, it’s not the larger Capesizes which ...
Monday, 19 March 12
WEEKLY DRY MARKET OVERVIEW: SMALLER VESSELS LEAD RATES HIGHER - MARIA BERTZELETOU, HELLENIC SHIPPING
The upward trend of the Baltic Dry Index persists strong from the end of February, spurred from the supramax market that offsets the weakness in the ...
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- Siam City Cement - Thailand
- Gujarat Sidhee Cement - India
- IEA Clean Coal Centre - UK
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- OPG Power Generation Pvt Ltd - India
- Romanian Commodities Exchange
- GVK Power & Infra Limited - India
- Formosa Plastics Group - Taiwan
- Bukit Baiduri Energy - Indonesia
- The University of Queensland
- Indian Energy Exchange, India
- Global Coal Blending Company Limited - Australia
- Thai Mozambique Logistica
- SN Aboitiz Power Inc, Philippines
- GN Power Mariveles Coal Plant, Philippines
- Price Waterhouse Coopers - Russia
- Sakthi Sugars Limited - India
- Simpson Spence & Young - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Posco Energy - South Korea
- Bhushan Steel Limited - India
- ASAPP Information Group - India
- Metalloyd Limited - United Kingdom
- Orica Australia Pty. Ltd.
- Bharathi Cement Corporation - India
- Gujarat Electricity Regulatory Commission - India
- Independent Power Producers Association of India
- Eastern Energy - Thailand
- Anglo American - United Kingdom
- IHS Mccloskey Coal Group - USA
- Trasteel International SA, Italy
- The State Trading Corporation of India Ltd
- Attock Cement Pakistan Limited
- Meenaskhi Energy Private Limited - India
- Holcim Trading Pte Ltd - Singapore
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Parry Sugars Refinery, India
- Banpu Public Company Limited - Thailand
- Sarangani Energy Corporation, Philippines
- Kepco SPC Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Bayan Resources Tbk. - Indonesia
- Pendopo Energi Batubara - Indonesia
- Borneo Indobara - Indonesia
- Wood Mackenzie - Singapore
- Sical Logistics Limited - India
- Kideco Jaya Agung - Indonesia
- McConnell Dowell - Australia
- Xindia Steels Limited - India
- Madhucon Powers Ltd - India
- Alfred C Toepfer International GmbH - Germany
- Sinarmas Energy and Mining - Indonesia
- Grasim Industreis Ltd - India
- Meralco Power Generation, Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mjunction Services Limited - India
- Vedanta Resources Plc - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Chettinad Cement Corporation Ltd - India
- Kumho Petrochemical, South Korea
- London Commodity Brokers - England
- Australian Commodity Traders Exchange
- Binh Thuan Hamico - Vietnam
- Electricity Generating Authority of Thailand
- Rio Tinto Coal - Australia
- GAC Shipping (India) Pvt Ltd
- Global Business Power Corporation, Philippines
- Larsen & Toubro Limited - India
- Marubeni Corporation - India
- Sindya Power Generating Company Private Ltd
- Miang Besar Coal Terminal - Indonesia
- Indika Energy - Indonesia
- Essar Steel Hazira Ltd - India
- PNOC Exploration Corporation - Philippines
- Heidelberg Cement - Germany
- Tata Chemicals Ltd - India
- Leighton Contractors Pty Ltd - Australia
- Semirara Mining and Power Corporation, Philippines
- Ministry of Finance - Indonesia
- Mintek Dendrill Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Deloitte Consulting - India
- Central Java Power - Indonesia
- Timah Investasi Mineral - Indoneisa
- Jindal Steel & Power Ltd - India
- Aboitiz Power Corporation - Philippines
- Gujarat Mineral Development Corp Ltd - India
- ICICI Bank Limited - India
- Bhoruka Overseas - Indonesia
- Petron Corporation, Philippines
- Mercuria Energy - Indonesia
- Carbofer General Trading SA - India
- Minerals Council of Australia
- Vijayanagar Sugar Pvt Ltd - India
- Jorong Barutama Greston.PT - Indonesia
- VISA Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- White Energy Company Limited
- LBH Netherlands Bv - Netherlands
- Riau Bara Harum - Indonesia
- Mercator Lines Limited - India
- Central Electricity Authority - India
- Power Finance Corporation Ltd., India
- CNBM International Corporation - China
- Singapore Mercantile Exchange
- India Bulls Power Limited - India
- Agrawal Coal Company - India
- Kaltim Prima Coal - Indonesia
- Merrill Lynch Commodities Europe
- Neyveli Lignite Corporation Ltd, - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Indian Oil Corporation Limited
- Indo Tambangraya Megah - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Bukit Makmur.PT - Indonesia
- Straits Asia Resources Limited - Singapore
- Kalimantan Lumbung Energi - Indonesia
- Bulk Trading Sa - Switzerland
- Vizag Seaport Private Limited - India
- Orica Mining Services - Indonesia
- Aditya Birla Group - India
- Bhatia International Limited - India
- Wilmar Investment Holdings
- South Luzon Thermal Energy Corporation
- Barasentosa Lestari - Indonesia
- Thiess Contractors Indonesia
- Eastern Coal Council - USA
- Ind-Barath Power Infra Limited - India
- Malabar Cements Ltd - India
- AsiaOL BioFuels Corp., Philippines
- Cement Manufacturers Association - India
- Medco Energi Mining Internasional
- Baramulti Group, Indonesia
- Kobexindo Tractors - Indoneisa
- Goldman Sachs - Singapore
- Star Paper Mills Limited - India
- Jaiprakash Power Ventures ltd
- Georgia Ports Authority, United States
- Altura Mining Limited, Indonesia
- Tamil Nadu electricity Board
- Antam Resourcindo - Indonesia
- Directorate Of Revenue Intelligence - India
- Global Green Power PLC Corporation, Philippines
- Ministry of Mines - Canada
- New Zealand Coal & Carbon
- Oldendorff Carriers - Singapore
- Iligan Light & Power Inc, Philippines
- Chamber of Mines of South Africa
- Parliament of New Zealand
- Energy Link Ltd, New Zealand
- Therma Luzon, Inc, Philippines
- Globalindo Alam Lestari - Indonesia
- CIMB Investment Bank - Malaysia
- The Treasury - Australian Government
- Energy Development Corp, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Latin American Coal - Colombia
- TeaM Sual Corporation - Philippines
- Semirara Mining Corp, Philippines
- Rashtriya Ispat Nigam Limited - India
- Siam City Cement PLC, Thailand
- PetroVietnam Power Coal Import and Supply Company
- Uttam Galva Steels Limited - India
- Australian Coal Association
- Bahari Cakrawala Sebuku - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- PowerSource Philippines DevCo
- Dalmia Cement Bharat India
- Videocon Industries ltd - India
- SMC Global Power, Philippines
- SMG Consultants - Indonesia
- Bangladesh Power Developement Board
- Interocean Group of Companies - India
- European Bulk Services B.V. - Netherlands
- Standard Chartered Bank - UAE
- Electricity Authority, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Planning Commission, India
- Sojitz Corporation - Japan
- Kartika Selabumi Mining - Indonesia
- MS Steel International - UAE
- Sree Jayajothi Cements Limited - India
- Intertek Mineral Services - Indonesia
- PTC India Limited - India
- Coal and Oil Company - UAE
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Toyota Tsusho Corporation, Japan
- Makarim & Taira - Indonesia
- Commonwealth Bank - Australia
- Bukit Asam (Persero) Tbk - Indonesia
- Ambuja Cements Ltd - India
- Karbindo Abesyapradhi - Indoneisa
- Edison Trading Spa - Italy
- Economic Council, Georgia
- San Jose City I Power Corp, Philippines
- Ministry of Transport, Egypt
- Samtan Co., Ltd - South Korea
- Directorate General of MIneral and Coal - Indonesia
- Indogreen Group - Indonesia
- Coastal Gujarat Power Limited - India
- TNB Fuel Sdn Bhd - Malaysia
- Renaissance Capital - South Africa
- Savvy Resources Ltd - HongKong
- Manunggal Multi Energi - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Lanco Infratech Ltd - India
- International Coal Ventures Pvt Ltd - India
- Maheswari Brothers Coal Limited - India
- Ceylon Electricity Board - Sri Lanka
- Indonesian Coal Mining Association
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