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Tuesday, 25 August 15
INDONESIA MINERS' NPLS TO RISE FURTHER, BANK RISKS BUILD - FITCH
 The NPLs of Indonesian mine and mine services companies are likely to rise further in the short term, says Fitch Ratings, after reaching multi-year highs thus far in 2015. A combination of sustained weak coal prices and over-supply will continue to challenge the credit profiles of the mining sector, with smaller miners most at risk. This will have a major impact on mining sector-related asset quality at Indonesia's banks, though their credit remains well-buffered by strong capitalisation.
Thermal coal prices have continued to decline amidst weak demand, especially from China, and Fitch does not foresee a near-term catalyst to reverse this downtrend.
The Indonesian benchmark coal reference price has more than halved since its peak in 2011, while falling by 9% year-to-date. As prices fell steadily, miners sought to boost production through to end-2014 to compensate for lower cash margins per unit sold, further exacerbating the downtrend in prices.
This is changing, however, with Indonesia's total production falling by around 20% thus far in 2015. The six largest coal miners, which account for around 60% of Indonesia's total thermal coal production, are mostly maintaining their output. This means that medium- to small-scale miners are finally cutting production or have halted production entirely. A large share of the coal mining-related exposure of Indonesian banks is likely to be to medium- to small-scale miners - given the debt-free operations of some of the largest Indonesian thermal coal miners, and greater reliance on debt capital markets or international banks.
That said, maintaining production at a time of falling prices has not been sufficient to halt a marked decline in revenue and profitability among all of the large miners since FY11, and this downward trend is likely to continue in FY15 and FY16.
The weakening position of mining and related sectors has contributed to deteriorating asset quality for the banking sector as a whole. The latest data for end-May shows NPLs as a percentage of gross loans rising to 2.6% versus 2.2% at end-2014. NPL formation has accelerated: NPL growth had risen to over 33% yoy in April, from 12% during the same period in 2014. Mining and mining-related construction have been among the hardest hit sectors, with NPLs rising to 3.4% for total mining and quarrying, and 5.5% for construction lending.
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Wednesday, 12 June 24
CHINA ACCOUNTS FOR 16.3% OF AUSTRALIA'S COAL EXPORTS, FOLLOWED BY INDIA 14.4% - BANCHERO COSTA
Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels says Banchero Costa in its latest report.
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Wednesday, 12 June 24
LNG NEWBUILDING VALUES AT RECORD HIGH: 78 NEWBUILD ORDERS PLACED IN 2024, DOUBLING 2023 - VESON NAUTICAL
The number of LNG newbuilding orders have more than doubled from the same period last year where 34 orders were placed, compared to 78 in the first ...
Monday, 10 June 24
CHINA'S MAY COAL IMPORTS RISE 11% ON LOWER DOMESTIC OUTPUT - REUTERS
China’s imports of coal rose 11% in May from a year earlier, customs data and Reuters records showed on Friday, as lower domestic output this ...
Tuesday, 04 June 24
HOW DO WESTERN SANCTIONS ON RUSSIA IMPACT THE GLOBAL METALS, MINING AND COAL MARKETS - WOOD MACKENZIE
The geopolitical landscape for Russia, as a major supplier of various commodities, has undergone a dramatic transformation since the invasion of Uk ...
Friday, 22 March 24
CASE STUDY: DANGERS OF COAL CARGO - SKULD
Recently, a bulk cargo vessel carrying coal from South Africa to Singapore suffered a fatal accident, resulting in the deaths of three crew members ...
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Showing 21 to 25 news of total 6871 |
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- Coalindo Energy - Indonesia
- Romanian Commodities Exchange
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- GVK Power & Infra Limited - India
- SMC Global Power, Philippines
- Indonesian Coal Mining Association
- Medco Energi Mining Internasional
- PNOC Exploration Corporation - Philippines
- Global Coal Blending Company Limited - Australia
- Cement Manufacturers Association - India
- Aboitiz Power Corporation - Philippines
- Pendopo Energi Batubara - Indonesia
- Indian Oil Corporation Limited
- Bayan Resources Tbk. - Indonesia
- Bukit Baiduri Energy - Indonesia
- Oldendorff Carriers - Singapore
- Jorong Barutama Greston.PT - Indonesia
- Singapore Mercantile Exchange
- Star Paper Mills Limited - India
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Bhatia International Limited - India
- Bank of Tokyo Mitsubishi UFJ Ltd
- Economic Council, Georgia
- Indogreen Group - Indonesia
- Rashtriya Ispat Nigam Limited - India
- SN Aboitiz Power Inc, Philippines
- ASAPP Information Group - India
- Edison Trading Spa - Italy
- Global Green Power PLC Corporation, Philippines
- SMG Consultants - Indonesia
- Straits Asia Resources Limited - Singapore
- Sinarmas Energy and Mining - Indonesia
- Sree Jayajothi Cements Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Kohat Cement Company Ltd. - Pakistan
- Indo Tambangraya Megah - Indonesia
- Globalindo Alam Lestari - Indonesia
- Jindal Steel & Power Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Electricity Authority, New Zealand
- Aditya Birla Group - India
- Semirara Mining Corp, Philippines
- Toyota Tsusho Corporation, Japan
- Carbofer General Trading SA - India
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- Attock Cement Pakistan Limited
- Eastern Coal Council - USA
- Uttam Galva Steels Limited - India
- Parliament of New Zealand
- Meralco Power Generation, Philippines
- Madhucon Powers Ltd - India
- Grasim Industreis Ltd - India
- Coastal Gujarat Power Limited - India
- Wilmar Investment Holdings
- GN Power Mariveles Coal Plant, Philippines
- Kumho Petrochemical, South Korea
- Parry Sugars Refinery, India
- European Bulk Services B.V. - Netherlands
- Planning Commission, India
- Kobexindo Tractors - Indoneisa
- Chamber of Mines of South Africa
- Bulk Trading Sa - Switzerland
- Ministry of Transport, Egypt
- Billiton Holdings Pty Ltd - Australia
- Savvy Resources Ltd - HongKong
- Tata Chemicals Ltd - India
- Price Waterhouse Coopers - Russia
- Deloitte Consulting - India
- Banpu Public Company Limited - Thailand
- Orica Mining Services - Indonesia
- TeaM Sual Corporation - Philippines
- Bhushan Steel Limited - India
- Energy Development Corp, Philippines
- Posco Energy - South Korea
- Merrill Lynch Commodities Europe
- Meenaskhi Energy Private Limited - India
- Siam City Cement - Thailand
- Altura Mining Limited, Indonesia
- Bangladesh Power Developement Board
- Tamil Nadu electricity Board
- Ambuja Cements Ltd - India
- Independent Power Producers Association of India
- Electricity Generating Authority of Thailand
- Indika Energy - Indonesia
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- ICICI Bank Limited - India
- CNBM International Corporation - China
- Mintek Dendrill Indonesia
- Sojitz Corporation - Japan
- Wood Mackenzie - Singapore
- Iligan Light & Power Inc, Philippines
- International Coal Ventures Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Ministry of Mines - Canada
- Heidelberg Cement - Germany
- Lanco Infratech Ltd - India
- GAC Shipping (India) Pvt Ltd
- AsiaOL BioFuels Corp., Philippines
- Australian Coal Association
- Kaltim Prima Coal - Indonesia
- Thiess Contractors Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Siam City Cement PLC, Thailand
- Semirara Mining and Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Standard Chartered Bank - UAE
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- London Commodity Brokers - England
- Manunggal Multi Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Formosa Plastics Group - Taiwan
- Neyveli Lignite Corporation Ltd, - India
- Mjunction Services Limited - India
- Videocon Industries ltd - India
- The State Trading Corporation of India Ltd
- White Energy Company Limited
- Georgia Ports Authority, United States
- Kideco Jaya Agung - Indonesia
- Renaissance Capital - South Africa
- Salva Resources Pvt Ltd - India
- Antam Resourcindo - Indonesia
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Karaikal Port Pvt Ltd - India
- Indian Energy Exchange, India
- Borneo Indobara - Indonesia
- Coal and Oil Company - UAE
- Chettinad Cement Corporation Ltd - India
- CIMB Investment Bank - Malaysia
- Gujarat Mineral Development Corp Ltd - India
- Bahari Cakrawala Sebuku - Indonesia
- Ministry of Finance - Indonesia
- Xindia Steels Limited - India
- Dalmia Cement Bharat India
- Kapuas Tunggal Persada - Indonesia
- Thai Mozambique Logistica
- Directorate Of Revenue Intelligence - India
- Krishnapatnam Port Company Ltd. - India
- Commonwealth Bank - Australia
- Larsen & Toubro Limited - India
- Petrochimia International Co. Ltd.- Taiwan
- Eastern Energy - Thailand
- Holcim Trading Pte Ltd - Singapore
- San Jose City I Power Corp, Philippines
- Energy Link Ltd, New Zealand
- Asmin Koalindo Tuhup - Indonesia
- Cigading International Bulk Terminal - Indonesia
- OPG Power Generation Pvt Ltd - India
- Sindya Power Generating Company Private Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- MS Steel International - UAE
- South Luzon Thermal Energy Corporation
- Goldman Sachs - Singapore
- Samtan Co., Ltd - South Korea
- Ind-Barath Power Infra Limited - India
- The University of Queensland
- Essar Steel Hazira Ltd - India
- VISA Power Limited - India
- Malabar Cements Ltd - India
- Sakthi Sugars Limited - India
- LBH Netherlands Bv - Netherlands
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
- Bukit Makmur.PT - Indonesia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Leighton Contractors Pty Ltd - Australia
- Central Electricity Authority - India
- Latin American Coal - Colombia
- New Zealand Coal & Carbon
- Minerals Council of Australia
- Pipit Mutiara Jaya. PT, Indonesia
- Maheswari Brothers Coal Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- PowerSource Philippines DevCo
- Timah Investasi Mineral - Indoneisa
- Marubeni Corporation - India
- Jaiprakash Power Ventures ltd
- Trasteel International SA, Italy
- Kartika Selabumi Mining - Indonesia
- Binh Thuan Hamico - Vietnam
- Rio Tinto Coal - Australia
- Petron Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- The Treasury - Australian Government
- Ceylon Electricity Board - Sri Lanka
- Gujarat Sidhee Cement - India
- Simpson Spence & Young - Indonesia
- Intertek Mineral Services - Indonesia
- Orica Australia Pty. Ltd.
- Baramulti Group, Indonesia
- Central Java Power - Indonesia
- McConnell Dowell - Australia
- GMR Energy Limited - India
- Riau Bara Harum - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Mercuria Energy - Indonesia
- Bharathi Cement Corporation - India
- Port Waratah Coal Services - Australia
- PetroVietnam Power Coal Import and Supply Company
- Vizag Seaport Private Limited - India
- Bhoruka Overseas - Indonesia
- IHS Mccloskey Coal Group - USA
- IEA Clean Coal Centre - UK
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Global Business Power Corporation, Philippines
- Makarim & Taira - Indonesia
- Sical Logistics Limited - India
- Africa Commodities Group - South Africa
- Vijayanagar Sugar Pvt Ltd - India
- Mercator Lines Limited - India
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