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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, 07 March 12
3RD MOZAMBIQUE COAL CONFERENCE
3rd Mozambique Coal Conference
2-4 July 2012 | Joaquim Chissano International Conference Centre , Maputo, Mozambique
http://www.immevents.com/mo ...
Wednesday, 07 March 12
DRY BULK MARKET KEEPS UP TIMID REBOUND - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The dry bulk market has kept its rising momentum yesterday, rising for the eighth straight session, on the back of renewed demand for smaller bulk c ...
Wednesday, 07 March 12
BUKIT ASAM EYES 39% RISE IN COAL SALES - INSIDER STORIES
Insider Stories reported that, PT Bukit Asam Tbk is scouting a 39% increase in coal sales volume to 18.66 million tons this year from last year with ...
Wednesday, 07 March 12
PETROSEA SEALS US$188 MIO CONTRACT - INSIDER STORIES
Insider Stories reported that, coal mining contractor PT Petrosea Tbk has secured a US$188 million additional contract from its affiliated firm PT S ...
Monday, 05 March 12
SOUTHGOBI ANNOUNCES AGREEMENT TO SELL ITS THERMAL COAL TSAGAAN TOLGOI DEPOSIT FOR US$ 30 MILLION
SouthGobi Resources Ltd. (TSX: SGQ, HK: 1878) announced today an agreement to sell its thermal coal property, the Tsagaan Tolgoi Deposit to Modun Re ...
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- Thiess Contractors Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Xindia Steels Limited - India
- Singapore Mercantile Exchange
- Kohat Cement Company Ltd. - Pakistan
- Grasim Industreis Ltd - India
- Formosa Plastics Group - Taiwan
- Anglo American - United Kingdom
- Aboitiz Power Corporation - Philippines
- Gujarat Electricity Regulatory Commission - India
- Metalloyd Limited - United Kingdom
- Kapuas Tunggal Persada - Indonesia
- South Luzon Thermal Energy Corporation
- Intertek Mineral Services - Indonesia
- Interocean Group of Companies - India
- Global Business Power Corporation, Philippines
- Edison Trading Spa - Italy
- Directorate General of MIneral and Coal - Indonesia
- Central Electricity Authority - India
- Vedanta Resources Plc - India
- Bangladesh Power Developement Board
- India Bulls Power Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Bukit Asam (Persero) Tbk - Indonesia
- CNBM International Corporation - China
- Sindya Power Generating Company Private Ltd
- Offshore Bulk Terminal Pte Ltd, Singapore
- London Commodity Brokers - England
- Merrill Lynch Commodities Europe
- Coal and Oil Company - UAE
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- Carbofer General Trading SA - India
- Star Paper Mills Limited - India
- Agrawal Coal Company - India
- Bulk Trading Sa - Switzerland
- Karbindo Abesyapradhi - Indoneisa
- Eastern Coal Council - USA
- LBH Netherlands Bv - Netherlands
- Pendopo Energi Batubara - Indonesia
- Ministry of Finance - Indonesia
- TeaM Sual Corporation - Philippines
- Romanian Commodities Exchange
- Orica Australia Pty. Ltd.
- Iligan Light & Power Inc, Philippines
- Banpu Public Company Limited - Thailand
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- Barasentosa Lestari - Indonesia
- Chamber of Mines of South Africa
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Energy Link Ltd, New Zealand
- VISA Power Limited - India
- Straits Asia Resources Limited - Singapore
- Meralco Power Generation, Philippines
- Coastal Gujarat Power Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Electricity Authority, New Zealand
- Global Green Power PLC Corporation, Philippines
- Electricity Generating Authority of Thailand
- Parry Sugars Refinery, India
- Directorate Of Revenue Intelligence - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- SMC Global Power, Philippines
- Eastern Energy - Thailand
- Alfred C Toepfer International GmbH - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Minerals Council of Australia
- Bhushan Steel Limited - India
- Sinarmas Energy and Mining - Indonesia
- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- Billiton Holdings Pty Ltd - Australia
- Energy Development Corp, Philippines
- Trasteel International SA, Italy
- Ceylon Electricity Board - Sri Lanka
- European Bulk Services B.V. - Netherlands
- Malabar Cements Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Meenaskhi Energy Private Limited - India
- Planning Commission, India
- Globalindo Alam Lestari - Indonesia
- Makarim & Taira - Indonesia
- GVK Power & Infra Limited - India
- Chettinad Cement Corporation Ltd - India
- CIMB Investment Bank - Malaysia
- Holcim Trading Pte Ltd - Singapore
- Georgia Ports Authority, United States
- Jorong Barutama Greston.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- New Zealand Coal & Carbon
- The University of Queensland
- Mintek Dendrill Indonesia
- Kartika Selabumi Mining - Indonesia
- Mercator Lines Limited - India
- Commonwealth Bank - Australia
- San Jose City I Power Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Australian Coal Association
- Sojitz Corporation - Japan
- Economic Council, Georgia
- Indian Energy Exchange, India
- ASAPP Information Group - India
- Bayan Resources Tbk. - Indonesia
- Karaikal Port Pvt Ltd - India
- MS Steel International - UAE
- Sree Jayajothi Cements Limited - India
- Medco Energi Mining Internasional
- Standard Chartered Bank - UAE
- Videocon Industries ltd - India
- Miang Besar Coal Terminal - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Cigading International Bulk Terminal - Indonesia
- Power Finance Corporation Ltd., India
- Kalimantan Lumbung Energi - Indonesia
- Ambuja Cements Ltd - India
- Manunggal Multi Energi - Indonesia
- Ind-Barath Power Infra Limited - India
- Maheswari Brothers Coal Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Tamil Nadu electricity Board
- Sarangani Energy Corporation, Philippines
- Oldendorff Carriers - Singapore
- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- Jaiprakash Power Ventures ltd
- Latin American Coal - Colombia
- Price Waterhouse Coopers - Russia
- The Treasury - Australian Government
- Kumho Petrochemical, South Korea
- Mjunction Services Limited - India
- Parliament of New Zealand
- Semirara Mining Corp, Philippines
- Kobexindo Tractors - Indoneisa
- IEA Clean Coal Centre - UK
- Samtan Co., Ltd - South Korea
- Baramulti Group, Indonesia
- Orica Mining Services - Indonesia
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- Thai Mozambique Logistica
- PowerSource Philippines DevCo
- Central Java Power - Indonesia
- Essar Steel Hazira Ltd - India
- Simpson Spence & Young - Indonesia
- Timah Investasi Mineral - Indoneisa
- Altura Mining Limited, Indonesia
- Sakthi Sugars Limited - India
- PNOC Exploration Corporation - Philippines
- Attock Cement Pakistan Limited
- Borneo Indobara - Indonesia
- Africa Commodities Group - South Africa
- Indonesian Coal Mining Association
- Bhatia International Limited - India
- Therma Luzon, Inc, Philippines
- McConnell Dowell - Australia
- ICICI Bank Limited - India
- Port Waratah Coal Services - Australia
- Gujarat Mineral Development Corp Ltd - India
- Gujarat Sidhee Cement - India
- GMR Energy Limited - India
- Posco Energy - South Korea
- Goldman Sachs - Singapore
- Wilmar Investment Holdings
- Petrochimia International Co. Ltd.- Taiwan
- Riau Bara Harum - Indonesia
- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Antam Resourcindo - Indonesia
- PTC India Limited - India
- Petron Corporation, Philippines
- Siam City Cement PLC, Thailand
- Heidelberg Cement - Germany
- Cement Manufacturers Association - India
- Kepco SPC Power Corporation, Philippines
- GAC Shipping (India) Pvt Ltd
- Tata Chemicals Ltd - India
- Toyota Tsusho Corporation, Japan
- SN Aboitiz Power Inc, Philippines
- Australian Commodity Traders Exchange
- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Indian Oil Corporation Limited
- Aditya Birla Group - India
- Savvy Resources Ltd - HongKong
- Madhucon Powers Ltd - India
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Pipit Mutiara Jaya. PT, Indonesia
- Indo Tambangraya Megah - Indonesia
- Dalmia Cement Bharat India
- Siam City Cement - Thailand
- Kideco Jaya Agung - Indonesia
- Bukit Baiduri Energy - Indonesia
- Indika Energy - Indonesia
- Deloitte Consulting - India
- Lanco Infratech Ltd - India
- Wood Mackenzie - Singapore
- Semirara Mining and Power Corporation, Philippines
- SMG Consultants - Indonesia
- AsiaOL BioFuels Corp., Philippines
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Bhoruka Overseas - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Kaltim Prima Coal - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Marubeni Corporation - India
- Asmin Koalindo Tuhup - Indonesia
- Ministry of Transport, Egypt
- Bharathi Cement Corporation - India
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Uttam Galva Steels Limited - India
- Larsen & Toubro Limited - India
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