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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, 01 March 12
INDO-INDIA, LARGE ECO SUPRA CAN FETCH CLOSE TO USD 9K DOP N.CHINA - FEARNLEYS AS
Handy
The Atlantic Handysize market did not see any signs for recovery this week. It is still a major lack of spot cargoes and an oversupply of pro ...
Wednesday, 29 February 12
69 MINERS AGREE TO RENEGOTIATE CONTRACTS - THE JAKARTA POST
The Jakarta Post, one of the leading English news papaer in Indonesia reported that, as many as 60 coal contracts-of-work (PKP2B) and nine non-coal ...
Wednesday, 29 February 12
PUTTING COAL GASIFICATION TO WORK
Clifford Reese of the SSOE Group looks at practical solutions for district energy leaders who wish to implement clean coal technology.
Coal fuels ...
Monday, 27 February 12
COAL MINING PROFITS TOO HIGH, SAYS GOVT - TEMPO INTERACTIVE
Tempo Interactive reported that, Energy and Mineral Resources Deputy Minister of Indonesia Widjajono Partowidagdo has criticized coal-mining compani ...
Monday, 27 February 12
INDONESIAN COAL EXPORTS TO CHINA DROPS 39.76 PERCENT IN JANUARY 2012
COALspot.com: Indonesia, the world largest coal exporter, shipped 28.21* mln mt of coal in January 2012, slightly lower than its December 2011 ...
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- Kalimantan Lumbung Energi - Indonesia
- Tata Chemicals Ltd - India
- GAC Shipping (India) Pvt Ltd
- Bayan Resources Tbk. - Indonesia
- Kideco Jaya Agung - Indonesia
- Australian Commodity Traders Exchange
- Ind-Barath Power Infra Limited - India
- Leighton Contractors Pty Ltd - Australia
- Neyveli Lignite Corporation Ltd, - India
- Africa Commodities Group - South Africa
- Singapore Mercantile Exchange
- Xindia Steels Limited - India
- Videocon Industries ltd - India
- Bhushan Steel Limited - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- European Bulk Services B.V. - Netherlands
- Georgia Ports Authority, United States
- Port Waratah Coal Services - Australia
- Vijayanagar Sugar Pvt Ltd - India
- Asmin Koalindo Tuhup - Indonesia
- Simpson Spence & Young - Indonesia
- Deloitte Consulting - India
- Indonesian Coal Mining Association
- Romanian Commodities Exchange
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Oldendorff Carriers - Singapore
- New Zealand Coal & Carbon
- White Energy Company Limited
- Kapuas Tunggal Persada - Indonesia
- Manunggal Multi Energi - Indonesia
- Parliament of New Zealand
- Ambuja Cements Ltd - India
- India Bulls Power Limited - India
- Vedanta Resources Plc - India
- Central Java Power - Indonesia
- Mjunction Services Limited - India
- The Treasury - Australian Government
- Renaissance Capital - South Africa
- Malabar Cements Ltd - India
- Indo Tambangraya Megah - Indonesia
- Power Finance Corporation Ltd., India
- International Coal Ventures Pvt Ltd - India
- Sojitz Corporation - Japan
- Marubeni Corporation - India
- Coastal Gujarat Power Limited - India
- Bangladesh Power Developement Board
- Dalmia Cement Bharat India
- Cement Manufacturers Association - India
- Bhoruka Overseas - Indonesia
- Timah Investasi Mineral - Indoneisa
- Trasteel International SA, Italy
- Ministry of Transport, Egypt
- Agrawal Coal Company - India
- Mintek Dendrill Indonesia
- SN Aboitiz Power Inc, Philippines
- Lanco Infratech Ltd - India
- Star Paper Mills Limited - India
- Rashtriya Ispat Nigam Limited - India
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- Indian Oil Corporation Limited
- Jorong Barutama Greston.PT - Indonesia
- Minerals Council of Australia
- Wood Mackenzie - Singapore
- Tamil Nadu electricity Board
- Kumho Petrochemical, South Korea
- Bukit Baiduri Energy - Indonesia
- Orica Mining Services - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Sakthi Sugars Limited - India
- IHS Mccloskey Coal Group - USA
- Makarim & Taira - Indonesia
- Sree Jayajothi Cements Limited - India
- Metalloyd Limited - United Kingdom
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Essar Steel Hazira Ltd - India
- Aboitiz Power Corporation - Philippines
- Merrill Lynch Commodities Europe
- Parry Sugars Refinery, India
- Alfred C Toepfer International GmbH - Germany
- Jaiprakash Power Ventures ltd
- South Luzon Thermal Energy Corporation
- Kartika Selabumi Mining - Indonesia
- Altura Mining Limited, Indonesia
- ICICI Bank Limited - India
- Gujarat Electricity Regulatory Commission - India
- Edison Trading Spa - Italy
- Bukit Asam (Persero) Tbk - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Global Business Power Corporation, Philippines
- McConnell Dowell - Australia
- Wilmar Investment Holdings
- Global Green Power PLC Corporation, Philippines
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Sarangani Energy Corporation, Philippines
- Siam City Cement - Thailand
- Global Coal Blending Company Limited - Australia
- OPG Power Generation Pvt Ltd - India
- Meenaskhi Energy Private Limited - India
- Miang Besar Coal Terminal - Indonesia
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- Anglo American - United Kingdom
- Ministry of Mines - Canada
- Mercuria Energy - Indonesia
- TNB Fuel Sdn Bhd - Malaysia
- Rio Tinto Coal - Australia
- Binh Thuan Hamico - Vietnam
- Larsen & Toubro Limited - India
- Attock Cement Pakistan Limited
- PTC India Limited - India
- SMC Global Power, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- IEA Clean Coal Centre - UK
- LBH Netherlands Bv - Netherlands
- Karaikal Port Pvt Ltd - India
- Commonwealth Bank - Australia
- PowerSource Philippines DevCo
- Chettinad Cement Corporation Ltd - India
- SMG Consultants - Indonesia
- Formosa Plastics Group - Taiwan
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Barasentosa Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- AsiaOL BioFuels Corp., Philippines
- Directorate Of Revenue Intelligence - India
- Planning Commission, India
- Kohat Cement Company Ltd. - Pakistan
- Bulk Trading Sa - Switzerland
- PNOC Exploration Corporation - Philippines
- Latin American Coal - Colombia
- Goldman Sachs - Singapore
- Samtan Co., Ltd - South Korea
- Siam City Cement PLC, Thailand
- Thiess Contractors Indonesia
- Ceylon Electricity Board - Sri Lanka
- Standard Chartered Bank - UAE
- Riau Bara Harum - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Billiton Holdings Pty Ltd - Australia
- Salva Resources Pvt Ltd - India
- Aditya Birla Group - India
- Sical Logistics Limited - India
- Semirara Mining Corp, Philippines
- Straits Asia Resources Limited - Singapore
- Iligan Light & Power Inc, Philippines
- Toyota Tsusho Corporation, Japan
- San Jose City I Power Corp, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bhatia International Limited - India
- Heidelberg Cement - Germany
- Bahari Cakrawala Sebuku - Indonesia
- Grasim Industreis Ltd - India
- Therma Luzon, Inc, Philippines
- Price Waterhouse Coopers - Russia
- London Commodity Brokers - England
- CIMB Investment Bank - Malaysia
- Australian Coal Association
- Orica Australia Pty. Ltd.
- Kepco SPC Power Corporation, Philippines
- Petron Corporation, Philippines
- Intertek Mineral Services - Indonesia
- Bukit Makmur.PT - Indonesia
- ASAPP Information Group - India
- Gujarat Sidhee Cement - India
- Baramulti Group, Indonesia
- Medco Energi Mining Internasional
- Economic Council, Georgia
- Directorate General of MIneral and Coal - Indonesia
- Carbofer General Trading SA - India
- Posco Energy - South Korea
- VISA Power Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Meralco Power Generation, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Maheswari Brothers Coal Limited - India
- Madhucon Powers Ltd - India
- Cigading International Bulk Terminal - Indonesia
- Coal and Oil Company - UAE
- Vizag Seaport Private Limited - India
- Eastern Coal Council - USA
- Indika Energy - Indonesia
- Thai Mozambique Logistica
- Jindal Steel & Power Ltd - India
- Krishnapatnam Port Company Ltd. - India
- Independent Power Producers Association of India
- GN Power Mariveles Coal Plant, Philippines
- The University of Queensland
- PetroVietnam Power Coal Import and Supply Company
- Antam Resourcindo - Indonesia
- Sindya Power Generating Company Private Ltd
- The State Trading Corporation of India Ltd
- Energy Development Corp, Philippines
- CNBM International Corporation - China
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- Pendopo Energi Batubara - Indonesia
- Energy Link Ltd, New Zealand
- Kobexindo Tractors - Indoneisa
- MS Steel International - UAE
- Uttam Galva Steels Limited - India
- Borneo Indobara - Indonesia
- Interocean Group of Companies - India
- Savvy Resources Ltd - HongKong
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- TeaM Sual Corporation - Philippines
- GMR Energy Limited - India
- Indian Energy Exchange, India
- Indogreen Group - Indonesia
- Eastern Energy - Thailand
- GVK Power & Infra Limited - India
- Coalindo Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Electricity Authority, New Zealand
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