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Thursday, 24 March 16
PERSISTENT OVERCAPACITY TO PROLONG CHINA'S COAL SECTOR DOWNTURN - FITCH
 China's coal sector is likely to remain under pressure in the short to medium term as structural weaknesses in demand and overcapacity persist, says Fitch Ratings in a new report. Fitch expects the overall financial health of the sector to weaken further over the next two years.
Fitch estimates that the Chinese coal sector will have up to 3.3 billion tonnes of excess capacity within the next two years, versus declining annual consumption of less than 4 billion tonnes per annum for the past two years. This calculation is based on 1.4 billion tonnes of existing idle capacity at end-2014, plus up to another 1.9 billion tonnes of capacity under construction - based on historical fixed-asset investments (FAI) in the sector.
The central government is taking steps to reduce capacity in the industry. This includes the State Council's capacity phase-out target of 500-1,000m tonnes in the next three to five years and the establishment of the Industrial Company Structural Adjustment Special Fund, which aims to address layoff problems in oversupplied industries. However, the phase-out target is less than one-third of the likely excess capacity in the system. In addition, we think that implementation of the phase-out target is likely to be slow. This is because local governments - which control state-owned coal producers accounting for around half of the country's coal production - need to balance phase-out measures against issues of social stability.
At the same time, demand for coal in China has been reduced by economic rebalancing towards more sustainable and less energy-intensive growth, and curbs on polluting industries. Coal consumption fell in 2014 for the first time in this century. Overcapacity in the seaborne market puts further pressure on Chinese coal prices.
Fitch expects an increasing number of coal producers to fall into financial.
The sector's financial leverage, which is already high due to aggressive debt-funded capital expenditure in prior years, could rise further as weak profitability and high interest expenses erode coal producers' FCF generation. Miners enjoying economies of scale, a higher degree of vertical integration, and good access to high-quality and low-cost mines are likely to survive and benefit from industry consolidation, while those lacking cost advantages and funding access will be forced to exit.
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Friday, 28 June 24
INDIAN POWER STATIONS STOCKED WITH BUMPER COAL SUPPLY AS TRANSPORT WOES EASE - BUSINESS STANDARD
Even as power demand has touched a historic high of 250 gigawatts (Gw) amid sweltering heat this June, India’s power stations are stocked wit ...
Friday, 28 June 24
INDIA'S CY23 COAL USE LARGER THAN NORTH AMERICA, EUROPE COMBINED - THE HINDU
For the first time, India’s coal consumption surpassed that of North America and Europe combined in the calendar year 2023, said Energy Insti ...
Monday, 24 June 24
PLN'S FINANCIAL SUSTAINABILITY RESTS ON ACCELERATED COAL RETIREMENT AND RENEWABLES DEPLOYMENT - MUTYA YUSTIKA
On 28 May 2024, Indonesia’s national electricity utility, PT Perusahaan Listrik Negara (PLN), released its financial report for 2023. Althoug ...
Monday, 24 June 24
INDIA'S COAL-BASED POWER DEMAND AT ALL-TIME HIGH, GOVERNMENT SAYS - REUTERS
India’s demand for coal-based power has risen by 7.3% this fiscal year to an all-time high, the government said in a statement on Wednesday.
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Monday, 24 June 24
CHINA'S COAL INDUSTRY TURNS GREENER THROUGH INNOVATIVE APPROACHES - PEOPLE'S DAILY
At an opencast mine operated by Inner Mongolia Pingzhuang Coal Group Co. Ltd., a subsidiary of CHN Energy Investment Group (CHN Energy), a 14-meter ...
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Showing 11 to 15 news of total 6871 |
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- Indian Oil Corporation Limited
- Bank of Tokyo Mitsubishi UFJ Ltd
- IEA Clean Coal Centre - UK
- Leighton Contractors Pty Ltd - Australia
- Global Green Power PLC Corporation, Philippines
- Power Finance Corporation Ltd., India
- Vijayanagar Sugar Pvt Ltd - India
- Grasim Industreis Ltd - India
- Renaissance Capital - South Africa
- TeaM Sual Corporation - Philippines
- Larsen & Toubro Limited - India
- Merrill Lynch Commodities Europe
- Dalmia Cement Bharat India
- TNB Fuel Sdn Bhd - Malaysia
- Antam Resourcindo - Indonesia
- Siam City Cement - Thailand
- Bukit Asam (Persero) Tbk - Indonesia
- India Bulls Power Limited - India
- Maheswari Brothers Coal Limited - India
- Borneo Indobara - Indonesia
- Aboitiz Power Corporation - Philippines
- Port Waratah Coal Services - Australia
- Mjunction Services Limited - India
- Tamil Nadu electricity Board
- Makarim & Taira - Indonesia
- Ministry of Mines - Canada
- Global Coal Blending Company Limited - Australia
- International Coal Ventures Pvt Ltd - India
- Kalimantan Lumbung Energi - Indonesia
- Bukit Baiduri Energy - Indonesia
- Timah Investasi Mineral - Indoneisa
- VISA Power Limited - India
- Agrawal Coal Company - India
- Globalindo Alam Lestari - Indonesia
- Bukit Makmur.PT - Indonesia
- Binh Thuan Hamico - Vietnam
- Latin American Coal - Colombia
- Sinarmas Energy and Mining - Indonesia
- Posco Energy - South Korea
- San Jose City I Power Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- Maharashtra Electricity Regulatory Commission - India
- Sarangani Energy Corporation, Philippines
- Coastal Gujarat Power Limited - India
- Carbofer General Trading SA - India
- Pendopo Energi Batubara - Indonesia
- Karbindo Abesyapradhi - Indoneisa
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- LBH Netherlands Bv - Netherlands
- Tata Chemicals Ltd - India
- Rashtriya Ispat Nigam Limited - India
- Indonesian Coal Mining Association
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- Xindia Steels Limited - India
- Jorong Barutama Greston.PT - Indonesia
- Economic Council, Georgia
- Chettinad Cement Corporation Ltd - India
- Samtan Co., Ltd - South Korea
- Meralco Power Generation, Philippines
- Thai Mozambique Logistica
- Indika Energy - Indonesia
- PNOC Exploration Corporation - Philippines
- Miang Besar Coal Terminal - Indonesia
- MS Steel International - UAE
- Gujarat Mineral Development Corp Ltd - India
- Malabar Cements Ltd - India
- The Treasury - Australian Government
- Kepco SPC Power Corporation, Philippines
- Australian Commodity Traders Exchange
- Aditya Birla Group - India
- IHS Mccloskey Coal Group - USA
- Rio Tinto Coal - Australia
- Sree Jayajothi Cements Limited - India
- Barasentosa Lestari - Indonesia
- Kumho Petrochemical, South Korea
- Planning Commission, India
- Alfred C Toepfer International GmbH - Germany
- Kobexindo Tractors - Indoneisa
- Anglo American - United Kingdom
- Electricity Generating Authority of Thailand
- Kideco Jaya Agung - Indonesia
- Price Waterhouse Coopers - Russia
- GAC Shipping (India) Pvt Ltd
- Kartika Selabumi Mining - Indonesia
- Vizag Seaport Private Limited - India
- New Zealand Coal & Carbon
- London Commodity Brokers - England
- Eastern Energy - Thailand
- Ceylon Electricity Board - Sri Lanka
- Kapuas Tunggal Persada - Indonesia
- McConnell Dowell - Australia
- Sindya Power Generating Company Private Ltd
- Videocon Industries ltd - India
- GVK Power & Infra Limited - India
- Formosa Plastics Group - Taiwan
- Ministry of Transport, Egypt
- Standard Chartered Bank - UAE
- Commonwealth Bank - Australia
- Toyota Tsusho Corporation, Japan
- Intertek Mineral Services - Indonesia
- White Energy Company Limited
- Directorate General of MIneral and Coal - Indonesia
- Simpson Spence & Young - Indonesia
- Riau Bara Harum - Indonesia
- GMR Energy Limited - India
- Salva Resources Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Iligan Light & Power Inc, Philippines
- Bulk Trading Sa - Switzerland
- The State Trading Corporation of India Ltd
- Therma Luzon, Inc, Philippines
- Thiess Contractors Indonesia
- SMC Global Power, Philippines
- Orica Mining Services - Indonesia
- Ministry of Finance - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Gujarat Sidhee Cement - India
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- Mintek Dendrill Indonesia
- European Bulk Services B.V. - Netherlands
- Indogreen Group - Indonesia
- Semirara Mining Corp, Philippines
- Attock Cement Pakistan Limited
- Bharathi Cement Corporation - India
- Indian Energy Exchange, India
- Marubeni Corporation - India
- Goldman Sachs - Singapore
- Jindal Steel & Power Ltd - India
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- Krishnapatnam Port Company Ltd. - India
- Bangladesh Power Developement Board
- Asia Pacific Energy Resources Ventures Inc, Philippines
- AsiaOL BioFuels Corp., Philippines
- Banpu Public Company Limited - Thailand
- Star Paper Mills Limited - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- The University of Queensland
- Mercuria Energy - Indonesia
- Africa Commodities Group - South Africa
- Medco Energi Mining Internasional
- CIMB Investment Bank - Malaysia
- Savvy Resources Ltd - HongKong
- Energy Link Ltd, New Zealand
- Global Business Power Corporation, Philippines
- SMG Consultants - Indonesia
- Lanco Infratech Ltd - India
- Jaiprakash Power Ventures ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Uttam Galva Steels Limited - India
- Altura Mining Limited, Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Vedanta Resources Plc - India
- Chamber of Mines of South Africa
- Siam City Cement PLC, Thailand
- Cigading International Bulk Terminal - Indonesia
- Madhucon Powers Ltd - India
- Singapore Mercantile Exchange
- Wilmar Investment Holdings
- Mercator Lines Limited - India
- Semirara Mining and Power Corporation, Philippines
- Energy Development Corp, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Essar Steel Hazira Ltd - India
- Kaltim Prima Coal - Indonesia
- South Luzon Thermal Energy Corporation
- Eastern Coal Council - USA
- Holcim Trading Pte Ltd - Singapore
- Kohat Cement Company Ltd. - Pakistan
- Coal and Oil Company - UAE
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Straits Asia Resources Limited - Singapore
- Parry Sugars Refinery, India
- Wood Mackenzie - Singapore
- Meenaskhi Energy Private Limited - India
- PTC India Limited - India
- Heidelberg Cement - Germany
- Ambuja Cements Ltd - India
- Deloitte Consulting - India
- CNBM International Corporation - China
- Orica Australia Pty. Ltd.
- Petron Corporation, Philippines
- Edison Trading Spa - Italy
- Directorate Of Revenue Intelligence - India
- Sojitz Corporation - Japan
- Electricity Authority, New Zealand
- Karaikal Port Pvt Ltd - India
- Central Java Power - Indonesia
- OPG Power Generation Pvt Ltd - India
- Interocean Group of Companies - India
- Baramulti Group, Indonesia
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Metalloyd Limited - United Kingdom
- Sical Logistics Limited - India
- SN Aboitiz Power Inc, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- Independent Power Producers Association of India
- Trasteel International SA, Italy
- Sakthi Sugars Limited - India
- Central Electricity Authority - India
- Billiton Holdings Pty Ltd - Australia
- Bhatia International Limited - India
- Bhoruka Overseas - Indonesia
- Bayan Resources Tbk. - Indonesia
- Manunggal Multi Energi - Indonesia
- ICICI Bank Limited - India
- Minerals Council of Australia
- Parliament of New Zealand
- Australian Coal Association
- Cement Manufacturers Association - India
- GN Power Mariveles Coal Plant, Philippines
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